The 3,221 ZEC donation, worth about $1.2 million, from Tyler and Cameron Winklevoss will fund core protocol initiatives, Shielded Labs said.
Mike Selig, chairman of the Commodity Futures Trading Commission, is settling in with the revamping of a new innovation panel with many crypto names.
Cypherpunk’s ZEC position now accounts for more than a third of its stated 5% accumulation target, following a series of recent purchases.
The U.S. President’s choice to run the CFTC seemed set to sail through Congress, until Tyler and Cameron Winklevoss stepped in.
In a bold escalation of the crypto-policy debate, Senator Cynthia Lummis has publicly asserted that Bitcoin is the only solution capable of addressing the mounting national debt burden facing the United States. Her comments come amid rising tensions over monetary policy, inflation, and the role of digital assets in reshaping finance. How Bitcoin Could Reshape Treasury Markets Senator Cynthia Lummis has once again made headlines with her support for Bitcoin, stating in a recent Bloomberg interview that BTC is the only solution to America’s mounting national debt. According to a crypto news source, CryptosRus, posted on X, that Lummis expressed her pro-Bitcoin stance, mentioning that BTC is an asset that will continue to grow over time and is the key to offsetting the burgeoning national debt. Related Reading: Bitcoin In The Crosshairs: US Treasury Secretary Reveals What Senate Democrats Could Learn From BTC Lummis highlighted the concept of a strategic BTC reserve, asserting that it represents the sole viable strategy to offset the national debt. However, CryptosRus noted that her consistent advocacy makes her one of Washington’s most ardent supporters of BTC, pushing for its integration to play the core role of US fiscal strategy. Several companies are actively preparing for this move. An emerging euro-denominated Bitcoin treasury backed by Tyler and Cameron Winklevoss, Treasury_BTC, has announced the appointment of Tycho Onnasch as its new head of BTC strategy. Onnasch is widely recognized within the BTC community for his foundational work on BTC scaling solutions, insightful market analysis, and deep conviction in BTC. Onnasch’s impressive background includes founding Zest Protocol, a leading BTC yield and landing platform, which is supported by BTC heavyweights Tim Draper and Binance Founder Changpeng Zhao. Academically, Tycho holds a degree from Oxford University, with a specialization in economic history. His achievements were further acknowledged with his inclusion in Forbes’ prestigious 30 under 30 Europe list. Onnasch’s role will be instrumental in driving the company’s BTC strategy and influencing its approach to market interpretation. A Healthier Foundation For Bitcoin Next Leg Higher CryptosRus has also reported that BTC has recently experienced its most significant open interest meltdown of its current cycle since the liquidation event that occurred on October 10. The data reveals substantial drops across major platforms, with Binance’s open interest decreasing by $4 billion, Bybit by over $3 billion, and Gate by more than $2 billion. Due to this liquidation event, traders have not rushed back in with leverage. Related Reading: Bitcoin Recovery Lacks Conviction, Market Signals Another Pullback Risk Typically, leverage rebuilds quickly after a wipeout, but the slow recovery from this current scenario suggests that the market confidence is shaken. This sentiment explains the current slow and choppy price action, as the market operates with reduced leverage and fewer aggressive positions. CryptosRus pointed out that when leverage undergoes such a significant reset, the market often leads to an increase in stability. It lowers the risk of another sudden cascade of liquidations and establishes a healthier foundation for the next price movements. The expert concluded that this is a BTC reset, not a breakdown. Featured image from Pixabay, chart from Tradingview.com
Quintenz shared screenshots of the Gemini founder asking him to prioritize 'rectifying' CFTC's history with the crypto exchange.
CFTC Chair nominee Brian Quintenz posted a lengthy statement and several screenshots of his conversation with Tyler Winklevoss.
The industry is now openly urging the confirmation process that was delayed by the White House for the CFTC leadership that will be key to digital assets regulation.
Winklevoss shared "significant concerns" with CoinDesk about Brian Quintenz running the agency, revealing the industry isn't entirely behind Trump's nominee.
Gemini has decided to stop hiring Massachusetts Institute of Technology (MIT) graduates and interns due to the university’s renewed affiliation with former US Securities and Exchange Commission (SEC) Chair Gary Gensler. On Jan. 29, Tyler Winklevoss, the exchange’s co-founder, announced the decision on X, stating that Gemini will not consider MIT candidates as long as […]
The post Gemini to stop hiring MIT graduates over Gary Gensler’s return appeared first on CryptoSlate.
Gemini’s Tyler Winklevoss joins the growing chorus of crypto personalities calling out Chairman Gary Gensler of the Securities and Exchange Commission (SEC). Related Reading: Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To Bold Prediction In a Twitter/X post, the Gemini co-founder lashed out at the agency’s chief, calling him “evil.” In the same […]
Tyler Winklevoss, co-founder of the crypto exchange Gemini, made headlines today by endorsing Zcash (ZEC) as one of the “most important and underrated” crypto projects currently in the market. His statement came via a post on X, emphasizing the crucial roles of privacy and decentralization in maintaining a “free and open society.” “Zcash is one […]
Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
The anticipated 2024 November elections in the US have stirred discussions within the crypto community regarding the potential stance of Vice President Kamala Harris towards the industry, should she become the Democratic Party’s nominee. With uncertainty shrouding her position, voices from the crypto space have raised concerns about her willingness to support the crypto sector […]
Tyler and Cameron Winklevoss, the founders of crypto exchange Gemini, have publicly declared significant financial support for John Deaton, a lawyer known for his involvement in the XRP community. On the evening of 18 July, Tyler Winklevoss announced via X that he had donated $500,000 in Bitcoin (equivalent to 8 BTC) to Deaton’s senatorial campaign […]
Gemini CEO Tyler and his twin brother Cameron Winklevoss, the company's president, have made two of the first major presidential contributions from prominent crypto executives, favoring former President Donald Trump with $1 million each in support, Tyler explained Thursday in a extensive posting on X.
Fairshake, a super political action committee (PAC), has now received funding of a total of $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss, Bloomberg reported.