In an audacious maneuver that any reasonable observer would regard as a potential conflict of interest, President Donald Trump has initiated a plan to create a strategic cryptocurrency reserve. Democratic Representative Gerald E. Connolly has publicly expressed his outrage, asserting that this move serves not the interests of the American public but rather those of
Crypto
The recent whale liquidation event on Hyperliquid, a decentralized exchange (DEX), that led to a staggering loss of $4 million, raises critical questions regarding the sustainability and risk management of decentralized finance (DeFi) protocols. Some analysts have dubbed the event a “stress test,” theorizing that the incident, while damaging in the short term, could educate
When MGX made the resounding decision to invest $2 billion in Binance, it rocketed into the history books as one of the most significant funding deals ever in the cryptocurrency landscape. This unprecedented move isn’t just noteworthy; it sets a foundation for what might be a groundbreaking evolution in the dynamics of digital finance. By
In a significant victory for proponents of decentralized finance (DeFi), the U.S. House of Representatives has decisively nixed the IRS’s contentious broker rule through H.J. Res 25, capturing the attention of both crypto enthusiasts and skeptics alike. The resolution not only embodies bipartisan cooperation, with 292 lawmakers endorsing it against a backdrop of 132 votes
The recent downturn in the cryptocurrency market serves as a stark reminder of the volatility that underpins the entire sector. Just as investors were celebrating a boom that seemed unshakeable, the reality check hit hard: total market capitalization plummeted below $2.7 trillion. With Bitcoin (BTC) dropping below the critical threshold of $77,000, it feels like
In an unprecedented financial maneuver, Strategy, the brainchild of Michael Saylor, has embarked on a journey to offer up to $21 billion in 8% Series A Perpetual Strike Preferred Stock. This audacious approach, revealed in a recent SEC filing, showcases Saylor’s relentless pursuit of an aggressive investment strategy focused heavily on Bitcoin. At a cursory
Bitcoin has specialized in market theatrics, but its latest descent below the critical $83K barrier has raised alarm bells among traders and investors alike. Historically, the 200-day moving average has served as a bedrock of support, a signal of market confidence. Yet, as Bitcoin drifted through this landmark and approached the proverbial last bastion at
In the frenetic world of cryptocurrency, monotony is a luxury few can afford. Bitcoin (BTC), the flagship of this digital seas, has witnessed astonishing swings in its valuation over a protracted period. The past few days alone have underscored just how treacherous this market can be. BTC flirted with a milestone of $86,000, only to
Over the past few days, the cryptocurrency landscape has become one marked by chaos and uncertainty. Major fluctuations have sent shockwaves throughout the market, with Bitcoin (BTC) having slid to alarming lows of $80,000 before clawing back some ground. The reality is simple: this upward battle is hardly over for Bitcoin, reflecting a significant shift
In a financial ecosystem that evolves at breakneck speed, the rising prominence of the USD Coin (USDC) on platforms like Binance is an undeniable sign of shifting tides in the stablecoin universe. Just a year ago, USDC represented a tiny fraction—merely 0.48%—of Binance’s overall stablecoin distribution. During that time, Tether (USDT) held a commanding 68.67%