Day: March 10, 2025

Trump ally Marjorie Taylor Greene invests in Bitcoin amid national strategy shift

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Bitcoin adoption knocked on the doors of the U.S. Congress as lawmakers tapped crypto’s biggest token for personal wealth. Marjorie Taylor Greene, a vocal Donald Trump supporter and U.S. Representative from the State of Georgia, invested in Bitcoin (BTC) via BlackRock’s iShares Bitcoin Trust.  Greene bought around $15,000 to $50,000 worth of Bitcoin exposure through BlackRock’s exchange-traded fund between March 3 and March 4, per public disclosures seen on March 10. The Georgia GOP House member also acquired stocks in Tesla, a publicly traded BTC holder, and Goldman Sachs, which…

Report: SEC Retreats From Plan to Classify Crypto Firms as Trading Systems

The U.S. Securities and Exchange Commission (SEC) is moving to abandon a proposed rule that would have required certain cryptocurrency firms to register as alternative trading systems (ATS), according to acting Chair Mark Uyeda. SEC Shifts Stance on Crypto Regulation The decision, Reuters reported on Monday, marks a shift from the agency’s 2022 effort under […] Source CryptoX Portal

Coinbase to launch 24/7 BTC, ETH futures in US

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Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations. According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.” Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date. When the futures…

Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded

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The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet.  Amid fears of Bitcoin (BTC) contending against the US dollar as a global reserve currency, Pro-Bitcoin lawmakers argued that Bitcoin was similar to gold and a hedge against inflation.  If SB-21 is enacted, Texas will be the first state in the US to have a digital asset…

Bitcoin volatility rises after Trump’s Bitcoin Reserve and options expiry

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Bitcoin’s price has entered a volatile trading range between $78,000 and $82,000 as bullish momentum fades and traders react to shifting macroeconomic conditions. After briefly reclaiming $90,000 last week, a “sell-the-news” reaction to developments like the US Strategic Bitcoin Reserve and the White House Crypto Summit drove a pullback, erasing earlier gains, according to the latest Bitfinex Alpha report shared with crypto.news.  Adding to the volatility, $3 billion in Bitcoin (BTC)  and Ethereum (ETH) options contracts expired last Friday, triggering significant price swings. The options market saw realized volatility surge…

There is a ‘massive cyberattack against X’

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The X social media platform has been hit with a “massive cyberattack” that has prevented some users from accessing the site, platform owner Elon Musk confirmed on March 10. “We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” Musk said. Source: Elon Musk Although user functionality was quickly restored, Musk implied that the attack was still ongoing. At the time of writing, there were more than 33,000 reports of X outages on March 10, according…

Dogecoin’s Fate Hinges On $0.16—Breakout Or Breakdown Ahead?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Dogecoin is at a critical point, with its price hovering around $0.16. Traders are watching closely, as this support level could be the deciding factor in whether the meme…

REX-Osprey files for MOVE ETF

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Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement.  The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.  It is the latest example of a fund sponsor filing to list an ETF comprising an alternative cryptocurrency, or “altcoin.”  “Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” Cooper Scanlon, Movement Labs’ co-founder, said in a statement. …

What Canada’s new Liberal PM Mark Carney means for crypto

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Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency.  Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over private stablecoins and supported the idea of a central bank currency (CBDC) — a concept many crypto purists regard as antithetical to cryptocurrencies. At the same time, Carney has said in his platform for the…

Crypto Funds Bleed $4.75B as Market Drop Erases Post-Election Gains

Crypto investment products have been seeing weekly outflows for four consecutive weeks now, with $876 million withdrawn last week, bringing the four-week total to $4.75 billion. The sustained withdrawals and an ongoing cryptocurrency market drawdown have erased gains made since November 2024 after Donald Trump won the U.S. Presidential elections, pushing total assets under management (AUM) down by $39 billion to $142 billion. Investor sentiment in the U.S. is particularly bearish, with $922 million in outflows, while investors in Europe and Canada brought in modest inflows, data from CoinShare’s Digital…