“The President definitely thinks that there's a Bitcoin strategic reserve,” Lutnick said, "other crypto tokens will be treated differently."
Bitwise CIO Matt Hougan said the market is "overthinking things" amid the U.S. crypto-reserve fueled Trump pump and slump.
The Tokyo-listed investment firm announced today that it had bought an additional 497 BTC after purchasing 156 BTC just two days ago.
The IMF said last month that its $1.4 billion deal with El Salvador would confine government purchases of bitcoin.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paradigm led Across Protocol's token round, with participation from Bain Capital Crypto, Coinbase Ventures and others.
Framework Ventures led Infrared's Series A round, with participation from NGC Ventures, Selini Capital and others.
ARKB remains the top allocation within Ark Invest's Next Generation Internet fund, with a weighting of 10.3%.
Trump's tariffs on Canadian, Mexican and Chinese imports, taking effect Tuesday, have 'further fueled risk-off sentiment,' says an analyst.
Many industry leaders argue Bitcoin alone should be the basis of a strategic reserve, given its decentralized nature and global acceptance.
With a total supply of 10 billion, Zora's forthcoming token is intended "for fun only" and doesn't give holders governance claims.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Trump's reserve announcement raised further questions over asset allocations, how it would be funded and how likely it is to be enacted.
Trump said Sunday that XRP, SOL, and ADA, along with BTC and ETH, will be included in the proposed crypto reserve.
The move, set to take effect on March 31, will impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD) and Dai (DAI).
The Bybit hack, a more hawkish Federal Reserve and weakened sentiment contributed to the negative flows, James Butterfill said.
Hong Kong's OKG Tech saw its stock jump 42.6% at Monday's close, while Japan's Metaplanet closed up 21.15%.
The Tokyo-listed investment firm's stock surged 21.15% at closing on Monday in Japan amid a broader crypto market rally.
Analyst says expectations 'may remain high' until Friday, citing Crypto Czar David Sacks' hints of 'more to come' at the upcoming Summit.
Sacks' comment came after concerns emerged online over potential conflicts of interest regarding his ties with Bitwise.
Brian Armstrong said while he was still forming an opinion, including only Bitcoin in the reserve would 'probably be the best option.'
With Solana futures set to launch on CME next month, the path for a spot SOL ETF approval could become clearer.
"Now that is a dip I would like to buy," Standard Chartered's Geoffrey Kendrick said of the $69,000–$76,500 range for bitcoin.
Bitcoin price continues to drop to its lowest point in months as a result of Trump's recent tariffs announcement.
The agency has adopted a more crypto-friendly stance, recently dropping cases against major crypto firms such as Coinbase and UniSwap.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
President Donald Trump and his wife Melania Trump launched official memecoins shortly before Inauguration Day in January.
The crypto industry lost a further $1.53 billion in February due to hacks and exploits, representing a 20x increase month-over-month.
The substantial drop comes amid a memecoin price plunge following various controversial celebrity token launches.
Robinhood is also planning to offer more cryptocurrencies to its users and to continue investing in its non-custodial wallet.