Category: crypto

President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, directing the government to retain forfeited crypto as a store of value. The Treasury Department will manage the reserves, with no plan to acquire more assets beyond seizures. The market reacted negatively to the lack of immediate accumulation strategy.

Solana co-founder Anatoly Yakovenko denied claims that Solana lobbied for inclusion in a proposed US government crypto reserve. He argued against government-controlled reserves, suggesting individual state management if necessary. Other industry figures, like Lee Bratcher and Brian Armstrong, also expressed skepticism about the proposal, preferring a Bitcoin-only reserve.

Japan’s ruling Liberal Democratic Party (LDP) has proposed lowering crypto tax rates to 20% from the current 55%. This initiative aims to redefine cryptocurrencies as a new asset class under the Financial Instruments and Exchange Act, promoting market development and protecting investors. The proposal has received positive feedback from the crypto community and could lead…

Bitwise has made its first institutional allocation through Maple Finance, allowing access to on-chain credit while complying with regulatory standards. This move reflects increasing demand for yield opportunities in digital assets among institutions. Bitwise sees tokenization and on-chain lending as efficient alternatives to traditional markets, with potential for wider adoption.

Safe published a preliminary report attributing the Bybit hack to a compromised developer laptop. Hackers exploited AWS tokens to access and modify Bybit’s wallet interface, resulting in a $1.5 billion Ethereum hack. The attackers used social engineering tactics and Kali Linux tools, with connections to a criminal collective tied to DPRK. Safe has implemented enhanced…

House Majority Whip Tom Emmer reintroduced legislation to prevent the federal government from issuing a central bank digital currency (CBDC), arguing it could threaten financial privacy and empower government overreach. The Anti-CBDC Surveillance State Act bans the Federal Reserve from developing a digital dollar and blocks the Treasury Department from directing its creation. 100 Republican…

Garantex, a sanctioned crypto exchange, has stopped operations after Tether froze $27 million worth of USDT on the platform. The exchange cited Tether’s decision as the reason for suspending crypto trading and withdrawals. Garantex warned that this could set a precedent for other Russian USDT holdings. US and EU authorities are investigating Garantex for allegedly…

AlphaTraders are showing a clear preference for Bitcoin options over Ethereum futures. This trend is being driven by institutional adoption, which is strengthening Bitcoin’s options market and widening the gap between the two cryptocurrencies.

Sui, a Layer 1 blockchain platform, partners with World Liberty Financial, partly owned by President Donald Trump, to enhance transparency in finance. The collaboration aims to incorporate Sui assets into WLFI’s Macro Strategy and expand DeFi access. This move aligns with WLFI’s mission to strengthen the US dollar’s position in the DeFi space.

Russia’s Deputy Finance Minister Vladimir Kolychev has dismissed speculation about including cryptocurrencies in the country’s National Wealth Fund due to their high volatility. He emphasized the importance of stability in the fund’s investment structure and stated that crypto assets are unsuitable for the fund at this stage. Kolychev also mentioned that there are no plans…