Bitcoin miner Phoenix Group launched a $150 million strategic cryptocurrency reserve as the first publicly listed company in Abu Dhabi to establish a digital asset fund. Phoenix Group announced the formation of its digital asset treasury valued at $150 million, which included 514 Bitcoin (BTC) and 630,000 Solana (SOL) tokens as the miner’s “long-term reserve.”…
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Key points: Bitcoin ditches its latest dip as strategic reserve hopes replace nerves over Federal Reserve policy. BTC price aims for $119,000, gaining nearly 3% versus FOMC meeting lows. Corporate Bitcoin treasuries add almost 30,000 BTC of exposure in just 48 hours despite market volatility. Bitcoin (BTC) saw a snap rebound Thursday as markets swapped…
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US President Donald Trump’s crypto liaison has confirmed that the administration is still keen on a strategic Bitcoin reserve, despite it not being mentioned in a recently published crypto policy report. “We do believe in accumulation,” said Robert “Bo” Hines, the executive director of the US President’s Council of Advisers on Digital Assets, said in…
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Investors revised down expectations for a rate cut in September after Federal Reserve Chair Jerome Powell’s non-committal responses to one during a press conference on Wednesday. One crypto analyst suggests it could lead to a slower-paced crypto bull run. The United States central bank decided to maintain interest rates at 4.25% to 4.5%, based on…
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Bolivia’s top bank called crypto a “viable and reliable alternative” to fiat currencies while signing a memorandum of understanding with El Salvador to accelerate crypto adoption. The agreement, which will see the two countries collaborate on policy development and share crypto intelligence tools, aims to modernize Bolivia’s financial system and improve financial inclusion for families…
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The US President Donald Trump’s Working Group on Digital Assets released its long-promised crypto report outlining policy recommendations for regulating crypto in the United States, including crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins and taxation of cryptocurrencies. Establishing a “taxonomy” of digital assets by clearly defining which cryptocurrencies are…
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The Chicago Board Options Exchange (CBOE) has filed a rule change request with the US Securities and Exchange Commission (SEC) to allow crypto fund issuers to list products under a unified framework, potentially removing the need for individual approvals for each new fund. The filing was highlighted by ETF analyst Nate Geraci, who noted that…
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Key takeaways: Bitcoin’s Coinbase Premium turned negative after a 62-day buying streak. BTC continues to hold above $115,000 despite rising sell pressure and a negative futures CVD. The Bitcoin (BTC) Coinbase Premium Index has turned negative for the first time since May 29, ending 62 days of being positive. The metric, which tracks the price…
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Key points: Bitcoin remains stuck in a narrow range, suggesting a breakout could be around the corner. The FOMC minutes and Federal Reserve interest rate decision could set the tone for crypto’s next steps. Bitcoin (BTC) continues to trade near the $120,000 resistance, indicating that the bulls have kept up the pressure. Although Bitcoin is…
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US President Donald Trump’s crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House’s increasing focus on the blockchain economy following the passage of three separate crypto bills earlier this month. The…
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