Stablecoin yield providers will inject more capital into the US banking system, argues White House Council of Advisors for Digital Assets executive director Patrick Witt, amid debate over whether stablecoin yields will draw deposits away. “Foreigners exchange local currency for stablecoins from a US-based issuer,” Witt said in an X post on Wednesday, adding that…
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BitMEX co-founder Arthur Hayes, who has projected Bitcoin to hit $250,000 this year, says he’d rather wait-and-see than invest in Bitcoin at the moment, holding off until the US Federal Reserve loosens its monetary policy. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes…
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The Bitcoin network has just reached 20 million mined coins, leaving just one million Bitcoin to be mined over the next century. “The market is about to experience something new: A global asset with almost no new supply left,” Energy Co managing partner David Eng said in an X post on Sunday. On average, about…
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A group of US lawmakers is uniting to prevent the US central bank from ever issuing a Central Bank Digital Currency (CBDC), warning that proposed legislation only delays it until 2031. “We write to you to express the dire need to prohibit a Central Bank Digital Currency from ever happening in the United States,” US Congressman…
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Bitcoin could experience a short-term rally that catches investors off guard before the broader downtrend resumes, according to on-chain analyst Willy Woo. “Bull trap forming,” Woo said in an X post on Saturday, referring to a fake breakout suggesting that the market is entering a sustained uptrend. He added that it may last “out to…
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Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment. “The moment Bitcoin hit $74k, these key stakeholders began taking profit,” Santiment said in a report on Friday. Santiment explained that whales —…
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Bitcoin is likely to outperform gold on price performance through to 2029 after gold’s strong recent rally, says macroeconomist Lyn Alden. “If I had to bet Bitcoin versus gold over the next two to three years, I would bet Bitcoin,” Alden said on the New Era Finance podcast on Wednesday. “Gun to my head, if…
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The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement. The US Securities and Exchange Commission has ended its lawsuit against crypto entrepreneur Justin Sun with a $10 million settlement, ending a two-year legal battle over alleged fraud and securities laws violations. The…
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David Bailey, a former crypto advisor to the Trump administration, argues that the US government could be doing more to support Bitcoin adoption. “At the end of the day, liking Bitcoin is not enough,” Bailey said during the Bitcoin Investor Week Conference in New York, which was published to YouTube on Tuesday. “The Trump administration…
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Bitcoin is on the verge of surpassing 20,000 wallets with at least 100 Bitcoin, an indicator that could signal healthy market dynamics, according to crypto analytics platform Santiment. As of Thursday, there were 19,993 unique wallets holding 100 BTC or more, worth roughly $6.71 million per wallet at the time of publication, Santiment said in…
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