Eight decades of dollar history can be read as a three-act play. Act I was the Eurodollar—off-shore bank deposits that sprang up in 1950s London so the Soviet bloc, European exporters, and eventually every multinational could hold dollars outside U.S. regulation, spawning a multi-trillion-dollar shadow banking base. Act II was the Petrodollar. After 1974, OPEC’s … Read more
Key takeaways: Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn. Several crypto analysts told Cointelegraph in March that Bitcoin may have a chance of reaching new all-time highs in June. The upcoming Federal Reserve decision on … Read more
Bitwise has made headlines by filing an S-1 with the SEC, seeking to list a spot NEAR exchange-traded fund (ETF), signaling a crucial move in the evolving crypto ETF landscape. This filing highlights the growing interest in altcoins as potential investment vehicles, as Bitwise joins a competitive field of crypto ETFs vying for regulatory approval. … Read more
Momentum is accelerating in Washington as lawmakers edge closer to passing landmark crypto and stablecoin legislation that could reshape U.S. digital asset regulation by August. Coinbase Pushes Congress to Finalize Stablecoin and Crypto Rules Before August Coinbase CEO Brian Armstrong called on U.S. lawmakers Tuesday to move forward with crucial cryptocurrency legislation, urging bipartisan cooperation … Read more
Members of the crypto community are circulating apparent “proof” that Zerebro developer Jeffy Yu faked his suicide as he promoted his new memecoin during a Pump.fun livestream on May 4. The belief appears to come from an unverified private letter supposedly sent by Yu to a Zerebro investor, trading activity linked to crypto wallets owned … Read more
US Democrat lawmakers have launched a multi-angle attack on President Donald Trump’s crypto ventures with two bills and a subcommittee inquiry aimed at cutting his ability to profit from the initiatives. The Modern Emoluments and Malfeasance Enforcement Act, or the MEME Act, aims to prevent federal officials from using their position to profit from memecoins, … Read more
Gold price struggles to capitalize on its weekly gains registered over the past two days. The optimism over US-China trade talks is seen weighing on the safe-haven commodity. Investors now look to the crucial FOMC policy decision for a fresh directional impetus. Gold price (XAU/USD) attracts heavy selling during the Asian session on Wednesday and … Read more
New Hampshire has become the first U.S. state to authorize its treasurer to invest public funds in Bitcoin and other digital assets, marking a significant milestone for crypto policy at the state level. Governor Kelly Ayotte signed House Bill 302 into law, stating on X, “New Hampshire is once again first in the nation,” celebrating … Read more
UK rejects Bitcoin reserves, focuses on regulated digital asset integration UK and US collaborate on crypto regulation, diverging from EU approach The United Kingdom has made it clear that it will not follow the United States in creating a national cryptocurrency reserve. Speaking at the Financial Times Digital Asset Summit in London, Emma Reynolds, the … Read more
Many interpret this as a form of stealth QE In April, it was reported that the Fed’s Reverse Repo Facility (RRP) balance had plummeted from over $2.5 trillion in 2022 to $148 billion Also today, the US Treasury auctioned $150 billion in 3-year Treasury notes, but only sold $78 billion Today, the Federal Reserve (Fed) … Read more