Commissioner Mark Uyeda will take over running the U.S. Securities and Exchange Commission as the agency awaits the Senate confirmation on President Donald Trump’s pick for the permanent role, Paul Atkins. Acting Chair Uyeda, who has been a clear supporter of relaxing the regulator’s pursuit of the crypto industry alongside fellow Republican Commissioner Hester Peirce, … Read more
The Ethereum Foundation, the organization that oversees the development of the second-largest blockchain by market capitalization, is allocating 50,000 ether (ETH) worth around $165.3 million at the time of writing to participate in the decentralized finance (DeFi) ecosystem. The move will see the Foundation set up a 3-of-5 multisig wallet through Safe, which the organization … Read more
Arthur Hayes, the chief investment officer of cryptocurrency venture capital firm Maelstrom, says he doubts Donald Trump’s government will get around to creating a strategic Bitcoin reserve, a policy many crypto enthusiasts are pinning their hopes on. “I don’t think Trump will get around to doing a bitcoin reserve,” Hayes, the co-founder and former CEO … Read more
Crypto markets saw wild price swings on Monday during Donald Trump’s inauguration ceremony as heightened excitement turned to disappointment after he declined to mention crypto during his first speech. The broad-market crypto benchmark CoinDesk 20 Index fell over 5% during the ceremony, while bitcoin (BTC) dipped to $101,000 from $106,000 before stabilizing around $103,000. Layer-1 … Read more
U.S. President Donald Trump and his entourage have already made tens of billions of dollars in profits (at least on paper) off of the Official Trump (TRUMP) and Melania Meme (MELANIA) tokens that launched on Solana in the last three days. Now trading at $42, TRUMP has surged to a $8.8 billion market capitalization, making … Read more
A possible U.S. strategic bitcoin reserve will have to wait at least a bit longer as President Donald Trump didn’t bring the subject up at his inauguration speech on Monday afternoon. In addition to that disappointment, a report showing GOP congressional priorities didn’t include mention of bitcoin or crypto. Already on a wild ride both … Read more
Caroline Pham, one of the Republican commissioners at the Commodity Futures Trading Commission, will take over the agency on an interim basis, according to two people familiar with the decision, as the administration of President Donald Trump shifts U.S. policy toward a friendlier relationship with digital assets. The CFTC stands to become a leading federal … Read more
President-elect Donald Trump’s inauguration celebration started early this weekend with the release of the TRUMP and MELANIA memecoins, and resulting demand that drove their combined market cap to a high of more than $17 billion dollars, surpassing the value of both shiba inu (SHIB) and the Avalance blockchain’s AVAX. One might ask how investors had … Read more
World Liberty Financial (WLFI), the decentralized finance platform linked to Donald Trump and his family, purchased millions of dollars of cryptocurrencies in a buying frenzy on Monday hours before Trump’s inauguration ceremony. The protocol’s wallet address bought over $23.5 million of wrapped bitcoin (BTC), $29 million of Ethereum’s ETH, $4.4 million of AAVE and $4.5 … Read more
Tigran Gambaryan, the Binance executive who was kidnapped and illegally imprisoned in Nigeria for eight months, said it would be an honor to serve his country again, if asked to do so, fighting crypto crime under the new Trump administration. Gambaryan, who has been the head of financial crime compliance at Binance for the past … Read more