Former President Donald Trump recently hinted at the potential usefulness of cryptocurrencies to pay down the $35 trillion U.S. national debt. In an interview on Fox Business and at the Bitcoin2024 Conference, Trump argued that the cryptocurrency sector could play a role in the national financial strategy, although he did not provide specifics on how […]

The bill, abbreviated as the “BITCOIN Act of 2024,” calls for the U.S. Treasury to purchase bitcoins over a 5-year period until a pool of 1,000,000 BTC is achieved. The plan to incorporate Bitcoin (BTC) into the U.S. national reserves is beginning to take shape. U.S. Senator Cynthia Lummis has advanced the first draft of a bill that […]

Outflows of more than $1.5 billion from the high-fee Grayscale Ethereum Trust have outpaced inflows into other spot products. Negative Net Flows in the First Week Spot Ether (ETH) exchange-traded funds (ETFs) saw negative net flows in their first week due to heavy outflows from Grayscale’s Ethereum Trust (ETHE), which outpaced interest in competing products. […]

The price of Bitcoin surged on Monday, extending gains made over the weekend after Republican presidential candidate Donald Trump raised the likelihood of more favorable regulation during his speech at the Bitcoin Convention. Although the cryptocurrency initially reacted somewhat negatively to Trump’s speech, mainly because he stopped short of specifically promising a national reserve, buyers […]

Ether ETFs formally began trading in the US on Tuesday, bringing the world’s second-largest cryptocurrency into the mainstream for many investors and professional advisers. The new funds come from traditional issuers such as BlackRock and Fidelity, as well as cryptocurrency-specific firms such as Grayscale, marking another development in the gradual introduction of digital assets into […]

The US Securities and Exchange Commission (SEC) has issued final instructions to asset managers preparing to launch ether exchange-traded funds (ETFs). According to Bloomberg analyst Eric Balchunas, the Commission ordered issuers to file their final S-1 forms by July 16, with the aim of launching the new funds on July 23. The final forms were […]

US spot Bitcoin exchange-traded funds (ETFs) are showing signs of recovery despite ongoing price turmoil in the cryptocurrency market. The 11 ETFs with direct exposure to Bitcoin in the United States experienced their third straight session of daily net equity inflows of about USD 216 million on Tuesday, after seeing the largest inflow in a […]

While not listed as a top priority, the Republican National Committee adopted a platform that aims to support digital innovation. Former President Donald Trump’s Republican Party has officially taken on a platform that will support innovation in cryptocurrencies, according to a document released Monday by the Republican National Committee. The platform lays out the party’s priorities as presumptive presidential […]

The cryptocurrency market may finally experience a shakeout following the upcoming release of CPI and PPI data later this week. Chairman Powell will also deliver his semi-annual monetary policy testimony to the HFSC. With a potential 25 basis point rate cut ahead, circumstances could change very quickly. A more forceful stance on interest rates by […]