United States congresswoman Marjorie Taylor Greene said that the GENIUS stablecoin bill creates a “backdoor” for the government to effectively create a central bank digital currency, veiled as privately issued crypto tokens. The lawmaker said that regulated stablecoins feature “functional surveillance capabilities,” which make them indistinguishable from CBDCs. In a separate social media post, she…
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Macroeconomic drivers, including the decline of the US dollar (USD), will dampen the effects of the Bitcoin (BTC) halving cycle, which is the source of the market booms and busts that have been a feature of BTC since 2009, according to investor and founding partner of venture capital (VC) firm Draper Associates, Tim Draper. “Between…
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Opinion by: Margaret Rosenfeld, chief legal officer of Everstake The Federal Housing Finance Agency’s (FHFA) recent directive to explore how cryptocurrency might be included in single-family mortgage risk assessments is a welcome and long-overdue step. If implemented, it could allow long-term crypto holders to use their digital assets when qualifying for a mortgage without being…
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Spot Bitcoin ETFs recorded a net inflow of $363 million on Friday, marking the twelfth consecutive day of net inflows amid strong investor interest. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with a net addition of $496.75 million, strengthening its position as the largest spot Bitcoin (BTC) ETF with $86.50 billion in assets, according…
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The US Congress has concluded its Crypto Week with the passage of the GENIUS Act and is sending other bills to the Senate after successful votes and no small amount of deliberation. The US crypto industry was jubilant as the House of Representatives passed the GENIUS Act — the industry’s flagship stablecoin bill — and…
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Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Shorts should now fuel a $4,000 ETH price rebound. Ether (ETH) is “making history” as ETH price gains spark a short squeeze for the record books.…
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Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto…
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Bullish, a cryptocurrency exchange owned by Bullish Global, has filed for an initial public offering (IPO) in the United States. The Cayman Islands-based firm plans to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.” The exact number of shares to be offered and the price range remain…
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Jack Dorsey’s financial services company, Block, Inc., surged almost 9% in after-hours trading on Friday following the news that it will be added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. Block will replace US energy company Hess Corp on the S&P 500 before trading commences on…
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Bitcoin could be in for a brief consolidation phase after its recent surge to new all-time highs — but another leg up before the end of July isn’t off the table, according to Galaxy Digital’s head of franchise trading, Michael Harvey. “Consolidation around current prices is my base case given the large rally and new…
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