Day: August 23, 2025

IRS Crypto Head Trish Turner Resigns From The Agency

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Trish Turner has resigned as head of the United States Internal Revenue Serviceโ€™s (IRS) digital assets division after roughly three months in the role. โ€œAfter more than 20 years with the IRS, I have closed an extraordinary chapter of my career with deep appreciation for those who shaped my journey and made the work so meaningful,โ€ Turner said in a LinkedIn post on Friday. โ€œTogether, we navigated complex challenges, built lasting programs, and laid the groundwork for the IRSโ€™s digital asset strategy as it shifted from niche to mainstream,โ€ Turner…

New Bitcoin Bill in Philippines Proposes Buying 10K BTC for National Reserves

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A groundbreaking bill in the Philippines pushes to establish a national bitcoin reserve, aiming to elevate economic sovereignty and future-proof the nationโ€™s financial resilience. New Bill in Philippines Eyes National Bitcoin Reserve to Boost Economic Sovereignty A legislative effort to reshape the Philippinesโ€™ approach to financial resilience is gaining attention as the country weighs incorporating […] Original

Could Ethereum Be Eyeing New Highs? Analyst Spot Bullish Trends in Netflow Data

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Ethereumโ€™s price has maintained notable strength in recent weeks, giving many investors reason for cautious optimism. The asset briefly traded near $4,700 last week, close to its all-time high of $4,878 recorded in 2021, before correcting to its current level around $4,633. Despite this pullback, Ethereum is still up nearly 30% over the past month, according to CoinGecko data, putting a majority of holders back into profit. Alongside these price developments, analysts continue to monitor exchange data for signs of broader market sentiment. One such analysis comes from PelinayPA, a…

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US Makes Crypto Trading a Top Priority as CFTC Expands Market Oversight

The U.S. is advancing a top federal priority as the CFTC launches its next initiative to expand digital asset market access and fast-track regulated crypto trading. CFTC Launches Next Crypto Sprint Initiative to Expand Digital Asset Market Access U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham announced on Aug. 21, 2025, that [โ€ฆ] Source CryptoX Portal

Bitcoin, Ethereum, XRP, BNB On The Rise Following Powell’s Fed Speech

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The cryptocurrency market experienced a significant surge on Friday, with Ethereum (ETH) andย Bitcoin (BTC) leading the charge and reviving the upward momentum seen in the previous week that had propelled it to new all-time highs.ย  Among the notable developments, the marketโ€™s leading altcoin skyrocketed above the $4,700 mark while recording double-digit gains and edging closer to the $4,878 record highs it reached during the last crypto bull cycle four years ago.ย  After enduring a prolonged phase of consolidation and breakdown, ETHโ€™s recent gains reflect renewed optimism in the market, particularly…

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Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over?

Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges. According to recent analysis shared on CryptoQuantโ€™s QuickTake platform, the decline is closely tied to shifting activity on Binance, the worldโ€™s largest crypto exchange by volume.…

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The Bitcoin Community Is Divided Over Institutional Interest

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Early Bitcoin adopters arenโ€™t likely to stop being skeptical of institutional adoption anytime soon, says Bitcoin venture fund Ego Death Capital co-founder, Preston Pysh. โ€œPart of that culture that brought it to where it is, is looking at where this is all going and saying no, no, no, no, this is all moving in a bad direction,โ€ Pysh told Natalie Brunell on the Coin Stories podcast on Friday. Pysh said that institutions engaging in โ€œinstitutional-like things,โ€ such as Bitcoin (BTC) derivatives, have some Bitcoiners concerned about the long-term impact and…