Author: CryptoHoppers
The head of research at crypto asset firm Galaxy Digital, Alex Thorn, believes the US government will add Bitcoin (BTC) to the Strategic Bitcoin Reserve (SBR). In an appearance on Bloomberg Crypto, Thorn says that in addition to the Bitcoin the US government holds from confiscations, the world’s largest economy will purchase BTC to add to the SBR in 2025. “In March, they had the establishment of the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile Executive Order… …which specifically prohibited the government from selling Bitcoin and ordered the [Departments of] Commerce and Treasury to find out budget-neutral…
The crypto industry is undergoing significant regulatory changes, prompting industry giants like Coinbase to consider applying for banking licenses. U.S. crypto firms are increasingly exploring entry into traditional finance. On April 22, crypto.news reached out to Coinbase, which confirmed it is actively considering the possibility of obtaining a U.S. banking license. “This is something Coinbase is actively considering but has not made any formal decisions yet,” a Coinbase spokesperson told crypto.news in an e-mail. The move echoes previous statements by Coinbase CEO Brian Armstrong, who noted that based on the volume of consumer funds it manages, Coinbase would rank as…
Key Takeaways Bitcoin and gold are rallying together as investors move away from USD risk assets. This simultaneous rise fuels the narrative of Bitcoin’s potential decoupling from traditional markets. Share this article Bitcoin’s recent rally, moving in tandem with gains in spot gold while diverging from the downward trend in tech stocks, is once again reviving discussions around its potential decoupling from traditional risk assets.Both gold and Bitcoin have shown strength since the start of the week. The leading digital asset rose 3% to $87,500, while gold edged close to $3,400 during early Asian trading on Monday.On April 22, gold…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has produced a range-bound movement recently, with prices oscillating between $83,000 and 86,000. Interestingly, popular crypto analyst Burak Kesmeci has identified the important price levels for any short-term action. Support At 82,800, Resistance At 92,000 – But Where Is Bitcoin Headed? In a new post on X, Kesmeci shared an interesting on-chain analysis of the Bitcoin market. Using the short-term investor cost basis, the analyst identified two key price levels that could prove critical to Bitcoin’s next major move. Firstly, Burak Kesmeci focuses on the average…
I’m hooked on Escape Road 2! The gameplay is smooth, the challenges are well-designed, and the graphics are eye-catching. Source link
Key Takeaways AI Unbundled is a new alliance led by Aethir to promote AI development in web3 by bringing together various partners. The initiative provides AI startups with funding, access to decentralized resources, and opportunities for collaboration through co-branded events. Share this article Aethir, a pioneer in decentralized cloud infrastructure for AI and gaming, is launching “AI Unbundled,” a new industry alliance aimed at advancing artificial intelligence innovation within the web3 ecosystem, the team shared in a Monday announcement.AI Unbundled offers a collaborative framework that connects AI builders with decentralized computing resources, funding, and go-to-market support.Through this initiative, AI builders…
Key Takeaways Charles Schwab plans to launch direct spot crypto trading within 12 months. The firm has observed a 400% increase in traffic to its crypto-focused web content. Share this article Charles Schwab, a top US brokerage firm with over $10 trillion under management, plans to roll out spot crypto trading within the next 12 months, said CEO Rick Wurster during the company’s 2025 Spring Business Update this week.Wurster added that Schwab is well on track to offer spot crypto trading and expects to introduce it once the US regulatory environment becomes favorable.“Our expectation is that with the changing regulatory…
Bitcoin may be on the cusp of a strong bullish breakout as President Donald Trump considers replacing Jerome Powell as current chair of the Federal Reserve, even though he does not have the authority to do so. Regardless, if the markets start pricing in lower future interest rates, it typically weakens the dollar and boosts demand for alternative assets like Bitcoin (BTC). So far, Powell has resisted raising interest rates. At last check Saturday, Bitcoin was trading at $85,232.30. Its price has remained between the support and resistance points at $84,000 and $85,000, up by about 14% above the lowest…
Despite the modest crypto market recovery, the NFT market sales volume has dropped by 4.7% to $95.9 million. Bitcoin (BTC) has recovered to the $85,000 level. At the same time, Ethereum (ETH) has shown a modest 2.4% recovery in the last seven days and is hovering at the $1,600 level. The global crypto market cap is now $2.69 trillion, up from last week’s $2.63 trillion. Surprisingly, while sales are down, market participation has surged with NFT buyers increasing by 96.6% to 252,354. NFT sellers have also grown by 79.2% to 153,892. NFT transactions have also risen by 10.4% during this…
Key Takeaways Canary Capital filed for the first US-listed ETF for Tron TRX incorporating staking features. The ETF aims to simplify TRX investment for traditional investors by tracking its spot price and offering staking rewards. Share this article Canary Capital has submitted an application for the first US-listed ETF focused on Tron’s TRX token that would include the staking feature, according to a new SEC filing.The proposed fund, called the Canary Staked TRX ETF, plans to track TRX’s spot price using CoinDesk Indices calculations, minus expenses. BitGo Trust Company will provide custody services for TRX holdings.As noted in the filing,…