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Cosmos rises, Sonic upgrades, and Qubetics crosses $16M during a calm in the US-China trade war. Discover the top cryptos to join for 2025 right now.
The post Qubetics, Cosmos, Sonic React to Trump Trade TruceTop Cryptos to Join for 2025 appeared first on Kanalcoin.
Addressing attendees at the summit via a pre-recorded video message, Trump made it clear hes going all-in on crypto. Were going to make America the undisputed bitcoin superpower and the global hub for digital assets, he said, doubling down on his pitch to plant the U.S. flag at the center of the crypto economy. He pointed to the recent White House Digital Asset Summit a closed-door meeting that brought together top crypto execs and White House AI & Crypto Czar David Sacks as a signal of whats to come.
In one of his bigger reveals, Trump announced plans to establish both a strategic bitcoin reserve and a broader "U.S. digital asset stockpile" with coins beyond Bitcoin, signaling a shift toward long-term government holding strategies. We wont be offloading these assets for pennies like Biden did, he said, taking a jab at the previous administration.
He also highlighted his immediate hard stop to what he called the previous administrations regulatory war on crypto, including the controversial Operation Choke Point 2.0. It was government overreach disguised as compliance pure lawfare, he said, vowing that such efforts were over as of January 20, 2025.
Pushing for clearer rules, Trump called on Congress to pass legislation to define stablecoin regulations and market structure, claiming that regulatory clarity would unlock a wave of institutional capital and innovation. Itll trigger massive economic growth, he told the crowd.
Trump closed out by reiterating his vision for Americas crypto future: The next wave of financial innovation is coming, he said. And its going to happen right here in the good old USA.
The overall message seems clear - his administration is working towards fulfilling promises made during the campaign, something he believe is a priority, evidenced by some promises having already been met.
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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto NewsSubscribe to GCP in a reader
These top meme coins to buy this week are making waves. Arctic Pablo, Toshi, and TRUMP offer massive ROI potentialdon't miss out before prices soar!
The post Arctic Pablo at $0.000074 NowWill It 100x? Toshi and Official TRUMP Make Waves Too! Top Meme Coins to Buy This Week appeared first on Kanalcoin.
Master Ananda gave his opinion on the TRUMPUSDT trading pair and initiated conversations on what some regard as the greatest memecoin of all time. In the current period, Ananda noted that the current trend of the coin might be the defining moment of the altcoin entering a growth period in the following weeks. The analysis […]
Just recently, the 45th President of the United States, Donald Trump, has expressed a neutral stance towards bitcoin, stating he could live with it “one way or the other.” Meanwhile, Trump’s holdings in crypto assets have seen a significant increase in value. A substantial portion of his digital wealth is currently in a digital currency [...]
The post Donald Trumps Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens appeared first on Crypto Breaking News.
The race to integrate Bitcoin into state treasuries is heating up. So far, 20 U.S. states have introduced bills aiming to accumulate BTC as a financial assetbut Utah is pulling ahead with real legislative momentum.
A new bill, HB 230, just cleared a major hurdle. The Digital Innovation and Blockchain Amendments bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senates Revenue and Taxation Committee.
Back in January, the bill passed Utahs House of Representatives with an 8-1 vote, and on February 7, it advanced to the Senate for its first reading. If enacted, up to 5% of Utahs state funds could be invested in qualified digital assetsa category that, under the bills criteria, currently includes only one cryptocurrency: Bitcoin.
Utah's HB 230 isnt just about buying Bitcoin...
It also lays the groundwork for regulatory oversight, custody protocols, and even permits the treasurer to engage in staking and lending of crypto assets under certain conditions. Additionally, the bill introduces new rules around stablecoin investments, reflecting the broader push to formalize crypto within government finance. The proposal is spearheaded by Utah Rep. Jordan Teuscher.
If it keeps gaining traction, the bill could take effect on May 7, 2025. And according to Dennis Porter, CEO of Satoshi Action Fund, Utah is positioned to be the first U.S. state with an official Bitcoin treasury, thanks to its tight 45-day legislative session.
This state-level push follows Donald Trump has floating the idea of a Federal Bitcoin Reserve - his 'crypto task force' is already exploring ways to make it happen. In an interview with Bloomberg President Trump says he believes that if the U.S. doesnt move fast, rival nations will.
As Utah moves forward, all eyes are on whether this bill will set a precedent for other states looking to put Bitcoin on their balance sheets.
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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News
US crypto exchanges like Binance.US and Coinbase are making big moves into memecoins.
The move is part of the exchanges broader plan to expand its US presence following the election of Donald Trump.
Bo Hines will work under Donald Trumps crypto and AI czar, David Sacks, on the incoming presidents crypto council in a bid to foster innovation and growth for digital assets.
Derivatives trading products saw rapid growth, suggesting that professional traders were actively seeking exposure to cryptocurrencies.
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
US President-elect Donald Trumps World Liberty Financial (WLF) has made a substantial multi-million-dollar investment in Ethereum (ETH), Aave (AAVE), and Chainlink (LINK), leading to sharp price increases in AAVE and LINK. According to on-chain analysis shared by Lookonchain via X and verified through Etherscan, the fund purchased approximately $10 million in ETH, $1 million in AAVE, and $1 million in LINK on December 11. These are the funds first recorded acquisitions of both AAVE and LINK, while overall purchases in the last 12 days total around $30 million in USDC spent to secure more than 8,000 ETH at an average price of $3,701. Trump’s World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE! In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8.https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ Lookonchain (@lookonchain) December 12, 2024 Shortly after the news surfaced, AAVE soared roughly 31% in the past 24 hours, and LINK rose by about 23.5%. Related Reading: Chainlink Price Shines With 40% Rally Is $28.5 Possible? The surge coincides with World Liberty Financials recent decision to integrate Chainlinks technology. Last month, WLF announced that it will leverage Chainlink as the standard for onchain data and cross-chain interoperability to secure its protocol ecosystem. The press release described Chainlink as the most secure solution for solving critical security, interoperability, and onchain data problems while noting that this would kick off the next wave of DeFi mass adoption for WLFI. The platform plans to integrate Chainlink Price Feeds on Ethereum mainnet in anticipation of deploying a World Liberty Financial version of Aaves v3 instance, pending governance approval. Related Reading: Whale Activity Sparks Chainlink Rally, $52 Target On Traders Radar In October, WLF submitted a proposal on the Aave governance forums seeking to deploy its own Aave v3 environment. Aave founder Stani Kulechov has confirmed that WLFs instance is not a direct fork of Aaves code but operates as a segregated version tied to separate, KYC-compliant front-ends. While this means WLF is tapping into the largest smart contract-compatible public blockchain and leveraging core decentralized finance primitives, it also maintains stringent compliance requirements. The project is initially limited to accredited investors within the United States. AAVE, which has risen by roughly 138% over the last five weeks, is also showing technical resilience. Todays price action pushed it above the 0.5 Fib level at $356.84 (drawn from the all-time high to the cycle low). If this level holds on a weekly closing basis, upside targets could include the 0.618 Fib at $430.29, the 0.786 Fib at $534.87, and ultimately the ATH from May 2021 at $668. Chainlinks performance over the past five weeks has been particularly strong, posting a gain of more than 175%. The most critical technical resistance level now appears to be the 0.5 Fibonacci retracement at $28.88. A decisive break above this level could open the path to the 0.618 Fib at $34.57, the 0.786 Fib at $42.67, and potentially the all-time high (ATH) from May 2021 at $53. At press time, LINK traded at $27.67. Featured image created with DALL.E, chart from TradingView.com
BlackRocks IBIT ETF now holds upward of $33 billion in assets, more than the asset managers gold fund.
Donald Trumps Nov. 5 win in the United States presidential election sets the stage for more institutional cryptocurrency adoption, according to a Benchmark research note.
Trumps win sparked a surge of interest in crypto, Galaxys CEO reportedly said.
Analysts expect crypto products to proliferate after Republican presidential candidate Donald Trump's Nov. 5 US election win.
Grayscale Digital Large Cap Fund could be the first US ETF to hold altcoins such as Solana and AVAX if approved.
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
Bitcoin is inching up toward six-figure valuation as investor optimism remains high due to Donald Trumps incoming presidency and optimistic signs for cryptocurrency regulation.
Trump is making bold promises to capture the attention of the digital asset industry and investors.
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