Swiss asset manager 21Shares has openly endorsed Dogecoin, stating that the cryptocurrency has developed a long way from its origins as an online meme. The company cited Dogecoin’s whopping 130,000% price appreciation over the last decade as evidence of its longevity within the turbulent crypto space. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Meme Currency Sees Serious Growth What began as an online joke in 2013 has become what 21Shares refers to as a “movement” in the crypto space. Dogecoin’s performance, the asset manager says, speaks for itself. The coin has recorded an annual growth rate of 125% since its inception, making it the best performer among the market’s top 25 largest cryptocurrencies by market cap. The growth is not just in value. User adoption has nearly doubled in recent years, with wallet addresses rising from 44 million to 84 million in four years. Such rapid growth shows that more people are holding and using the cryptocurrency despite its lighthearted origin. Dogecoin isn’t just a meme—it’s a movement. With 130,000%+ returns, a $30B market cap, and 84M+ wallets, DOGE is rewriting what value means in the digital age. Explore how culture, community, and memes drive this phenomenon. Read the full blog → https://t.co/wNFYdM2pjS pic.twitter.com/ojfYEkVCwQ — 21Shares (@21Shares) April 10, 2025 ETF Filing Marks Major Step For Dogecoin The Swiss company recently submitted an S-1 form to the US Securities and Exchange Commission for a Dogecoin ETF. The filing is a significant step forward for cryptocurrency, which began life as a prank. If accepted, the ETF would allow ordinary investors to own exposure to Dogecoin without buying or owning the cryptocurrency itself. According to regulatory filings, the new fund would be commodity-based, providing an alternative method of bringing Dogecoin into portfolios using traditional investment vehicles. 21Shares Announces Partnership With Dogecoin Foundation 21Shares also announced that it has partnered with the House of Doge, the official business entity of the Dogecoin Foundation. From reports, the partnership is said to further entrench Dogecoin with conventional financial systems. Related Reading: Bitcoin Bulls Crushed: $500 Million Liquidation Shakes Market Confidence The alliance brings a new legitimacy to the currency, with traditional financial institutions now viewing it as a legitimate asset class and not merely an internet fad. Institutional support may entice more risk-averse investors who shunned the meme-coin in the past. New Exchange-Traded Product Launches With Physical Backing In a further demonstration of its dedication to Dogecoin, 21Shares has introduced an exchange-traded product fully supported by the Dogecoin Foundation. This investment product will be collateralized by real Dogecoin in a 1:1 ratio, such that every share equates to holding real cryptocurrency in cold storage. The firm will charge a management fee of 0.25% for this product, which is fairly competitive against peer cryptocurrency investment products. This physical backing model provides investors with confidence that their investment holds a real-world basis in the form of coins and not synthetic derivatives. Featured image from Unsplash, chart from TradingView
Investors wanted an AI unicorn. Instead, they got a very expensive customer service team in Southeast Asia.
Ethereum price started a fresh increase above the $1,550 zone. ETH is now correcting gains from $1,680 and finding bids near the $1,500 level. Ethereum started a decent increase above the $1,550 and $1,600 levels. The price is trading below $1,580 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,580 resistance zone. Ethereum Price Trims Gains Ethereum price formed a base above $1,400 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,480 and $1,550 resistance levels. The bulls even pumped the price above the $1,600 zone. A high was formed at $1,687 and the price recently started a downside correction. There was a move below the $1,600 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $1,385 swing low to the $1,687 high. Ethereum price is now trading below $1,580 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,550 level. There is also a new connecting bearish trend line forming with resistance at $1,550 on the hourly chart of ETH/USD. The next key resistance is near the $1,580 level. The first major resistance is near the $1,620 level. A clear move above the $1,620 resistance might send the price toward the $1,680 resistance. An upside break above the $1,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,580 resistance, it could start a downside correction. Initial support on the downside is near the $1,520 level. The first major support sits near the $1,500 zone and the 61.8% Fib retracement level of the upward move from the $1,385 swing low to the $1,687 high. A clear move below the $1,500 support might push the price toward the $1,455 support. Any more losses might send the price toward the $1,420 support level in the near term. The next key support sits at $1,380. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,500 Major Resistance Level – $1,580
Bitcoin price started a fresh increase above the $80,000 zone. BTC is now correcting gains and might struggle to stay above the $79,500 support. Bitcoin started a fresh increase above the $80,000 zone. The price is trading above $79,500 and the 100 hourly Simple moving average. There is a new connecting bearish trend line forming with resistance at $80,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $80,500 zone. Bitcoin Price Dips Again Bitcoin price started a fresh increase above the $77,500 zone. BTC formed a base and gained pace for a move above the $79,500 and $80,000 resistance levels. The bulls pumped the price above the $82,500 resistance. A high was formed at $83,548 and the price recently started a downside correction. There was a move below the $81,500 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $74,572 swing low to the $83,548 high. Bitcoin price is now trading above $79,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $80,500 level. There is also a new connecting bearish trend line forming with resistance at $80,500 on the hourly chart of the BTC/USD pair. The first key resistance is near the $81,500 level. The next key resistance could be $82,500. A close above the $82,500 resistance might send the price further higher. In the stated case, the price could rise and test the $83,500 resistance level. Any more gains might send the price toward the $85,000 level. More Losses In BTC? If Bitcoin fails to rise above the $80,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $79,500 level. The first major support is near the $79,000 level and the 50% Fib retracement level of the upward move from the $74,572 swing low to the $83,548 high. The next support is now near the $78,000 zone. Any more losses might send the price toward the $76,500 support in the near term. The main support sits at $75,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $79,500, followed by $79,000. Major Resistance Levels – $80,500 and $81,500.
US Securities and Exchange Commission staff have given guidance on how federal securities laws could apply to crypto, saying companies issuing or dealing with tokens that could be securities should give better details about their business.The SEC’s Division of Corporation Finance said in a staff statement on April 10 that it was giving its views “to provide greater clarity on the application of the federal securities laws to crypto assets.” The Division said its statement was made of observations of disclosures given in existing disclosure requirements and “addresses our views about certain specific disclosure questions that market participants have presented to the staff.”The guidance, which the Division noted had “no legal force or effect,” said crypto companies who are giving disclosures about their business have typically shared a host of information about their operations, such as what the company specifically does, how any issued tokens work and how the business generates — or intends to generate — revenue.Companies have also disclosed whether they plan to remain engaged in a crypto network or app after they launch it and, if not, whether any other entities will take over.Crypto firms should also explain their technology, such as if their product is a proof-of-work or proof-of-stake blockchain, its block size, transaction speed, reward mechanisms, the measures to ensure network security and whether the protocol is open-source or not.The SEC staff also noted that registration or qualification is not required in connection with crypto offerings that aren’t securities and aren't part of an investment contract. However, the statement didn’t provide clarity on what digital assets could be securities.Commercial litigator Joe Carlasare told Cointelegraph the statement was “a welcome and refreshing step toward clearer regulatory guidance.”“Adhering to the guidelines will help entities not only position themselves more favorably with regulators but also demonstrate a commitment to transparency and credibility,” he said.Crypto firms should share all risksThe SEC staff statement said that issuers usually clearly disclose risks related to price volatility, network and cybersecurity vulnerabilities, and custody risks, in addition to standard business, operational, legal and regulatory risks.A “materially complete description” of a security is also typically required from an issuer, which includes the mechanism behind paying dividends, distributions, profit-sharing and voting rights, including how those rights are enforced.Related: No crypto project has registered with the SEC and ‘lived to tell the tale’ — House committee hearingIt added a company should share if a protocol’s code can be modified, and if so, who can make such changes and whether the smart contracts involved have been subjected to a third-party security audit.Other disclosures the statement mentioned are whether the token’s supply is fixed and how it was or will be issued along with identifying executives and “significant employees.”The Division said its guidance intended to build on the SEC’s Crypto Task Force, which is planning to host a series of roundtables with the crypto industry to discuss how it should police crypto trading, custody, tokenization and decentralized finance.Magazine: SEC’s U-turn on crypto leaves key questions unanswered
Charles Hoskinson, who co-founded Ethereum and now leads the Cardano blockchain, has projected that Bitcoin could reach a price of $250,000 by the end of this year or next year. His prediction, made during a CNBC interview, comes despite the recent slump in the wider financial markets including crypto. Why Bitcoin Will Hit $250,000 Within Less Than 2 Years Hoskinson emphasized that rising geopolitical tensions and evolving trade dynamics are creating supportive conditions for decentralized networks like Bitcoin. Speaking on a world that appears to be “moving from a rules-based international order to a great powers conflict,” he suggested this shift would highlight the limitations of traditional banking and trade systems, steering more transactions toward cryptocurrencies. “If Russia wants to invade Ukraine, it invades Ukraine. If China wants to invade Taiwan, it’s going to do that. So treaties don’t really work so well, and global business doesn’t really work so well there. So your only option for globalization is crypto,” Hoskinson told CNBC. He also noted the significant sell-off in crypto and other risk assets, a trend that has partially stemmed from US President Donald Trump’s reciprocal tariffs on countries worldwide. Bitcoin dipped below $77,000 over the last week before briefly surpassing $83,000 on Wednesday, and remains considerably lower than its record high above $100,000 set in January. Still, Hoskinson’s confidence stands: “No, I think Bitcoin will be over $250,000 by the end of this year or next year.” Among the factors that might drive such a dramatic price surge, Hoskinson pointed to the Federal Reserve possibly lowering interest rates in response to market pressures. “Then you’ll have a lot of fast, cheap money, and then it’ll pour into crypto,” he said, explaining how additional liquidity could lead to renewed interest in digital assets. The potential for big tech companies such as Microsoft and Apple to enter the crypto space also figures into his bullish outlook. Another component of Hoskinson’s optimism lies in the prospect of new legislation. He singled out anticipated stablecoin legislation as well as the Digital Asset Market Structure and Investor Protection Act, both of which are currently making their way through Congress. He believes these regulatory moves could streamline the crypto market and pave the way for institutional adoption. Stablecoins, which are pegged to fiat currency and backed by real-world assets, may prove especially attractive to major technology companies looking to facilitate rapid, cost-effective global transactions. “The stablecoin bill in particular could lead the ‘Magnificent 7’ companies to begin adopting the assets,” he added, referring to Apple, Microsoft, Amazon, and other mega-cap tech giants. Hoskinson further argued that once these regulatory frameworks become clearer, the market will likely “stall for probably the next three to five months,” before “a huge wave of speculative interest” re-enters the space around late summer or fall. That renewed enthusiasm, combined with a more settled geopolitical landscape and a stable regulatory environment, could, in his view, push Bitcoin’s price as high as $250,000. At press time, BTC traded at $81,138. Featured image from YouTube, chart from TradingView.com
North Carolina lawmakers filed a bill that seeks to authorize the use of crypto for economic transactions and tax payments.
The SEC said Thursday Helium tokens are not securities, reversing what some viewed as the "last gasp of a failed crusade against crypto."
On April 8, Bitcoin’s net unrealized loss (NUP) ratio spiked to 0.0578, the highest level since November 2023. Meanwhile, the net unrealized profit/loss ratio dropped to 0.4253 on the same day, its lowest point since September 2024. This followed Bitcoin’s drop to $76,000 amid a sharp and aggressive retracement from the mid-$80,000 range it traded […]
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US President Donald Trump on April 10 signed a joint Congressional resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the country’s tax authority, the Internal Revenue Service.The rule would have required DeFi platforms, such as decentralized exchanges, to file their gross proceeds from crypto sales and include information on those involved in the transactions.Trump was widely expected to sign the bill, as White House AI and crypto czar David Sacks said in March that the president would support killing the measure.This is a developing story, and further information will be added as it becomes available.
The Human Rights Foundation (HRF) launched the Bitcoin Humanitarian Alliance on April 10, forming a coalition of activists, humanitarian organizations, and pro-democracy movements leveraging Bitcoin (BTC) to support civil liberties and deliver aid in financially repressive environments. The initiative brings together frontline groups operating in jurisdictions where financial systems are routinely weaponized to block dissent, […]
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MicroStrategy, the largest corporate holder of Bitcoin, has long embodied the boldest institutional bet on the cryptocurrency. Co-founder and chairman Michael Saylor’s unwavering belief in Bitcoin has defined the company’s strategy for years. However, that strategy now faces a challenge after a recent SEC filing hinted at the possibility of MicroStrategy being forced to liquidate some of its Bitcoin holdings under financial pressure and the recent Bitcoin price crash. The implications could ripple beyond the company’s balance sheet and affect Bitcoin’s broader market. Mounting Debt, Negative Cash Flow, And The Bitcoin Lifeline MicroStrategy disclosed several important financial vulnerabilities in a recent Form 8-K filed with the SEC. At the time of filing, the firm reported holding 528,185 BTC, acquired at an average purchase price of $67,458 per Bitcoin, for a total cost basis of approximately $35.63 billion. However, despite the massive size of its Bitcoin treasury, MicroStrategy admitted that its core enterprise software business has not been generating positive operational cash flow. The company is also shouldering $8.22 billion in debt and facing an annual contractual interest burden of $35.1 million. Related Reading: Crypto Analyst Warns Bitcoin Price Could See Further Crash If It Falls Below This Level Although it has issued over $1.6 billion in preferred stock tied to substantial annual dividend obligations of $146.2 million, these liabilities are not being met. Instead, MicroStrategy explicitly outlined that it expects to rely on debt or equity financing to meet its obligations, and those efforts may become severely strained if Bitcoin’s price sharply declines. The report warns that if the market value of its holdings drops significantly, it could negatively affect the firm’s ability to raise funds. In such a situation, the company might be forced to sell Bitcoin at a loss. At the time the report was filed, BTC was trading just 13% above the company’s average purchase price. Because Bitcoin forms the majority of MicroStrategy’s assets, its balance sheet is intimately tied to the crypto’s price. As such, a dip below that level could create a chain reaction of falling stock prices and ultimately force selling pressure even on the price of Bitcoin itself. Michael Saylor’s Response: Staying The Course Michael Saylor, MicroStrategy’s co-founder and former CEO, is one of the biggest proponents of Bitcoin and was influential in the company’s adoption of a Bitcoin strategy. Taking to social media platform X after the news of the report broke out, Saylor simply tweeted: “HODL,” a popular mantra among crypto purists that signals long-term conviction. Related Reading: Here’s How Much Bitcoin Creator Satoshi Nakamoto Lost After The BTC Price Crash The post has had over 1.4 million views on the platform and resonated with many bullish proponents, as seen in the comments section. He followed that with another tweet: “Bitcoin is the Best Idea. There is no Second Best.” At the time of writing, BTC is trading at $81,900, up by 6% in the past 24 hours. Even if MicroStrategy were to sell any Bitcoin at this point, it wouldn’t be the first sale of its holdings. Back on December 22, 2022, MicroStrategy sold 704 BTC for $11.8 million under similar circumstances. Featured image from Unsplash, chart from Tradingview.com
In a letter to Deputy Attorney General Todd Blanche on Thursday, the six lawmakers urged him to reconsider his recent decision to disband the DOJ’s crypto enforcement squad.
The US Securities and Exchange Commission’s Division of Corporation Finance released new staff views on April 10 outlining how federal securities laws apply to the registration and offering of crypto-related securities. The statement covers a range of topics, including how companies should present information about their business operations, token design, governance, technical specifications, and financial […]
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The fallen founder of the FTX exchange has been incarcerated at the brutal Victorville medium security facility in Victorville, California.
The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
The Biden-era rule would have obligated DeFi platforms to comply with tax reporting requirements designed for brokers.
The lawmakers said it made 'no sense' for the DOJ to take their hands off of tools used by North Korea, drug traffickers and scammers.
The repeal fosters a more innovation-friendly environment for DeFi, reducing compliance burdens and protecting user privacy in the crypto sector.
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Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris […]
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An analyst has explained how a break beyond the 200-day moving average (MA) might put Bitcoin on the path to a top around the upper band of this indicator. Bitcoin Mayer Multiple Currently Has Its Upper Band Located At $208,550 In a new post on X, analyst Ali Martinez has discussed the Mayer Multiple of Bitcoin. The “Mayer Multiple” here refers to an indicator that keeps track of the ratio between the BTC price and its 200-day MA. One way to interpret the metric is as a measure of the distance away that the asset’s value is from the 200-day MA. Historically, the 200-day MA has served as a boundary between bullish and bearish trends for the cryptocurrency, so how far its price is from this important line can help indicate potential oversold and overbought conditions. Related Reading: 62.8% Of XRP Realized Cap Held By New Investors: Sign Of Fragility? More specifically, a Mayer Multiple value of 2.4 or more has generally signaled that the asset is becoming overheated. Similarly, a value of 0.8 or under can suggest the coin may be due to a bounce back towards the 200-day MA. Now, here is the chart shared by the analyst that shows the trend in the 200-day MA of Bitcoin, as well as lines corresponding to the 2.4 and 0.8 Mayer Multiple levels, over the past decade: As is visible in the chart, Bitcoin has recently declined under the 200-day MA, situated at $86,900. This means that the Mayer Multiple has now dropped under the 1.0 mark. The next potential support for the cryptocurrency could be located at $69,500, corresponding to the level where the Mayer Multiple would assume a value equal to 0.8. BTC has witnessed a surge in the past day, so it’s currently closer to retesting the 200-day MA than falling back on this support. In the scenario that the asset goes on to retest this mark and successfully break above it, Martinez has noted that the stage might be set for a market top around $208,550. This level, of course, correlates to the 2.4 Mayer Multiple level. So far in the current cycle, Bitcoin hasn’t made a single touch of this level. From the chart, it’s visible that the bull run in the second half of 2021 attained its peak far below the line, but the cryptocurrency still spent time around it during the first half of the year. Related Reading: Stablecoin Activity Shoots Up: Investors Looking To Buy Bitcoin? Given the precedence, it’s possible that the asset would hit this mark at least once in the remaining portion of the current cycle. It only remains to be seen, however, whether the pattern holds, considering the uncertainty in the form of tariffs that’s looming over the market. BTC Price Bitcoin has shown some sharp recovery during the last 24 hours as its price is back to $81,500 after a jump of over 6%. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The US Securities and Exchange Commission (SEC) has dismissed a lawsuit against Nova Labs, developer of decentralized wireless network Helium, for allegedly issuing unregistered securities, Helium stated in an April 10 blog post. Filed in January 2025, the lawsuit was among the SEC’s final enforcement actions against a cryptocurrency developer under former Chair Gary Gensler, who stepped down from his post on Jan. 20 after US President Donald Trump took office. The dismissal with prejudice means the blockchain developer cannot be charged with similar violations again for issuing in 2019 its native token Helium (HNT), the company said. “[W]e can now definitively say that all compatible Helium Hotspots and the distribution of HNT, IOT, and MOBILE tokens through the Helium Network are not securities,” Helium said. “[T]he outcome establishes that selling hardware and distributing tokens for network growth does not automatically make them securities in the eyes of the SEC [and] that the SEC cannot bring these charges against Helium again,” it added.Source: HeliumThe SEC’s Helium reversal came the same day Trump-nominee Paul Atkins formally replaced Gensler as SEC Chair after a lengthy confirmation process in the Senate. Helium is a blockchain network designed to let “anyone build and own massive wireless networks,” according to its website. The protocol reports having roughly 375,000 active hotspots. According to CoinGecko, HNT has a market capitalization of approximately $480 million as of April 10 — down from highs of more than $5 billion in November 2021. HNT’s price since 2019. Source: CoinGeckoRelated: SEC will drop its appeal against Ripple, CEO Garlinghouse saysChanging policy stanceUnder Gensler, the SEC brought upward of 100 charges against Web3 developers for various alleged securities violations. Since Trump took office, the SEC has sharply reversed course, dropping numerous charges against crypto firms, including Coinbase, Kraken, Ripple and Uniswap. Trump has positioned himself as a pro-crypto President, promising to make America the “world’s crypto capital,” appointing industry-friendly leaders to key regulatory posts, and ordering the federal government to create a national Bitcoin (BTC) reserve.For some crypto executives, Trump's policies — such as announcing sweeping tariffs on US imports in April — threaten to stymie crypto’s progress.Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
Cryptocurrency exchange HashKey has received approval from Hong Kong regulators to offer staking services, potentially broadening the institutional appeal of proof-of-stake investments such as the spot Ether exchange-traded funds (ETFs).HashKey was granted approval on April 10 after the Hong Kong Securities and Futures Commission (SFC) provided regulatory guidance on staking services to Licensed Virtual Asset Trading Platforms (VATPs) and authorized funds, the company disclosed on social media. HashKey said it had become “one of the first” regulated Hong Kong exchanges to offer staking services.Source: HashKey GroupThe approval was granted after the China Securities Regulatory Commission (CSRC) recognized the potential benefits of crypto staking services, the SFC said.CSRC “is aware of the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment,” the SFC said, according to a translated version of the announcement that appeared on Asian media outlet PANews. Related: Crypto VCs are ‘especially bullish’ on DePIN, RWAs — HashKey CapitalTaking the lead on ETH stakingThe SFC approval means HashKey can take the lead in offering staking services for spot Ether (ETH) ETFs, according to the exchange’s managing director, Terence Pu.“In the near future, investors will not only be able to hold Ether ETFs to obtain staking income but also directly hold ETH and obtain additional income through our staking services,” Hu said in a translated version of his statement. Hong Kong approved its first Ether and Bitcoin (BTC) ETFs in April of last year, giving institutional investors access to an in-kind subscription model for digital assets.Hong Kong is ahead of the curve in allowing ETF investors to earn a passive yield on their digital assets. In the United States, the Securities and Exchange Commission (SEC) green-lighted spot Ether ETFs last year but did not allow staking strategies to be included.For many US investors, staking is the missing link that could make US-based Ether ETFs more attractive to institutional investors. With the election of US President Donald Trump and the installation of a pro-crypto SEC Chair, investors are growing confident that staking services are coming to the US Ether ETFs in the near future. Source: James SeyyfartBased on Bloomberg analyst James Seyffart’s potential timeline, approvals could be granted as early as May.Magazine: ‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express
As part of the settlement agreement, the SEC agreed to drop its claims that three of Nova Labs’ tokens, including the native HNT token, were securities.
North Carolina (NC) representative Neal Jackson introduced the North Carolina Digital Asset Freedom Act on April 10. The bill proposes that qualifying "digital assets" be accepted as a legally recognized form of payment and for taxes.Although the language of the bill does not specifically mention Bitcoin (BTC), there are several provisions laid out that make BTC uniquely qualified under the bill's definition of a "digital asset."These stipulations include a minimum market capitalization of $750 billion and a daily trading volume of over $10 billion, a market history of 10 years or more, proven censorship resistance, proof-of-work consensus, lack of a central authority, 99.98% or more network uptime, and a maximum supply cap. The bill read:"The General Assembly further finds that decentralized digital assets, which are not governed by any central entity or foundation, align with the economic principles of limited, noninflationary money and are capable of ensuring the security and integrity of transactions."Jackson's bill is merely the latest in state-led Bitcoin strategic reserve legislation in the United States amid inflation concerns, high US federal debt and a depreciating currency.NC Digital Asset Freedom Act. Source: North Carolina LegislatureRelated: North Carolina bills would add crypto to state’s retirement systemNorth Carolina takes a firm stance against CBDCsFormer North Carolina Governor Roy Cooper vetoed a bill banning a central bank digital currency (CBDC) in July 2024. At the time, Cooper characterized the bill as "premature, vague, and reactionary" to threats that have not yet materialized.In August 2024, the North Carolina House of Representatives overrode Cooper's veto in a definitive and bipartisan 73-41 vote.The North Carolina Senate followed suit by overriding Cooper's veto in a 27-17 vote and passed the anti-CBDC legislation into law in September 2024.North Carolina’s anti-CBDC legislation. Source: North Carolina Legislature Dan Spuller, the head of industry affairs at crypto advocacy organization the Blockchain Association, applauded the action taken by NC lawmakers to push back against the tide of CBDCs."This bill should have never been vetoed, and Governor Cooper blew an opportunity to send a strong message to the Federal Reserve that NC stands united against CBDCs," Spuller wrote in a Sept. 9 X post.Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express
House of Doge, the official corporate arm of the Dogecoin Foundation, has announced an exclusive partnership with 21Shares to launch the only Dogecoin (DOGE) exchange-traded products (ETPs) officially endorsed by the Foundation. As part of the agreement, 21Shares, one of the world’s largest crypto ETP issuers, has filed a Form S-1 registration statement with the […]
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The SEC staff statement was based on observations about previous disclosures, the agency said.
The joint motion to pause appeals may expedite a resolution, potentially setting a precedent for future crypto-related legal disputes.
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Jack Dorsey says Bitcoin needs payments to scale. Rena Shah, COO of Trust Machines, disagrees. It can continue to be this asset of generational wealth or store of value against inflation, while actually being an active asset across an evolving financial ecosystem, she says.
Before April 9, miners were paying upwards of $3M for chartered flights as they try to outrun the impact of Trump’s import levies. Some miners are comparing the tariffs to China’s 2021 mining ban.