Author: boss

US Lawmakers Push Back on Labor Dept’s Plans to Include Crypto in 401(k)s

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Top Democrats on three House and Senate committees called on the US Labor Department to halt its plans to allow digital assets and “alternative assets” to be held in Americans’ retirement plans.  In a Tuesday letter, Senator Bernie Sanders, Senator Elizabeth Warren and Representative Bobby Scott asked acting Labor Secretary Keith Sonderling to rescind the department’s proposal to allow private equity, digital assets, private credit, and other “alternative assets” to be included in 401(k) plans. Source: Senate Banking Committee They said the policy would “expose retirement accounts to exceptionally volatile…

This Dogecoin Setup Pushed Price From $0.002 To $0.7 In 2021. Why It Could Push Price To $2 This Time

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A crypto analyst has presented a new bull case for Dogecoin (DOGE), sharing a long-term chart setup that he says mirrors the same pattern that led to the meme coin’s explosive rally in 2021. He also pointed to repeating sentiment shifts across market stages, where traders often doubt early moves before chasing prices at higher levels. Dogecoin Forecasted To Hit $2 Soon Market analyst Crypto Patel shared a new Dogecoin chart setup on X, projecting a potential rally toward $2 in this cycle. He based his bullish view on historical…

Trader Loses 1,680 BTC Fight as South African Court Classifies Bitcoin as Capital

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Key Takeaways Judge Wilson ruled on June 1 that Square Mangundhla’s 1,680 bitcoins were lawfully seized as capital. The decision clashes with a May 2026 SARB and FSCA statement denying crypto’s status as legal tender. Expect tension ahead as South African regulators navigate this new legal framework for digital assets. The Catalyst: Seizure of 1,680 Bitcoins A South African High Court has ruled that bitcoin can be treated as capital because it satisfies the definition of a financial asset capable of holding value or serving as a medium of exchange.…

Bitcoin ETF Outflows And AI Stock Pivot Trigger Bear Run

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Key takeaways: Bitcoin’s sharp 8% drop triggered $1.5 billion in forced liquidations, ending a tight two-month small-cap correlation. Worsening market sentiment was driven by $2.1 billion in Bitcoin ETF outflows and rising fears of a Federal Reserve interest rate hike. Bitcoin (BTC) faced a sharp 9% drop over 48 hours, hitting the $67,000 support for the first time in two months. This correction wiped out a substantial $176 billion from the total crypto market cap in just two days, triggering $1.5 billion in forced liquidations for overleveraged long positions.  Traders…

Crypto PACs Gear up for Maryland Races with $3M Media Buys as California Primaries Kick Off

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While residents of California, Iowa, Montana, New Jersey, New Mexico and South Dakota are voting today in Democratic and Republican Congressional primaries, the cryptocurrency industry is more focused on the Maryland primaries later this month. According to filings with the US Federal Election Commission (FEC) as of Tuesday, the Coinbase- and Ripple-backed political action committee (PAC) Fairshake affiliate Protect Progress spent about $3 million combined to support Democratic candidates in House races across California and New Jersey. Another affiliate, Defend American Jobs, spent more than $411,000 to support Republican Senator…

Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching

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Ethereum is struggling below $2,000 as selling pressure and market uncertainty combine to keep the asset pinned beneath a level that has become the defining test of whether the recovery from the cycle lows has any structural foundation remaining. The price is under pressure — and an Arab Chain report tracking the Coinbase Premium Index has identified a signal in the US institutional demand data that provides a specific explanation for why the recovery keeps failing to sustain itself. Related Reading The Coinbase Premium Index for Ethereum has fallen to…

Ethena Labs Moves Into Institutional Off-Chain Lending With Anchorage Digital – Bitcoin News

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Key Takeaways Anchorage Digital’s Atlas platform now manages collateral for Ethena Labs’ institutional lending, keeping assets in qualified custody. Anchorage Digital Bank N.A. also issues USDtb, making it Ethena Labs’ partner across two core infrastructure workstreams. The deal targets institutional borrowers who need onchain credit access without moving collateral outside regulated custody frameworks. What the Deal Does Under the structure, Anchorage Digital holds and monitors collateral, while Ethena Labs deploys capital into institutional loans, Anchorage detailed in a release shared with Bitcoin.com News. Collateral stays within Anchorage Digital’s custody framework…

Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Reach 11 Days

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Key Takeaways Bitcoin ETFs lost $483.8M on June 1, with Blackrock IBIT leading outflows at $440.3M. Ether ETFs saw a 15th straight outflow day, as Blackrock ETHA shed $35.0M. XRP and HYPE ETFs gained $5.4M combined, signaling selective institutional demand. XRP ETFs Add $4.1M as Bitcoin and Ether Funds Lose $528M Combined June began with the same pressure that closed out May. Bitcoin ETFs remained at the center of the selloff on Monday, as investors pulled $483.76 million from the category. It was the 11th consecutive day of outflows, a…

Senators Sanders, Warren Letter Warns $14 Trillion At Risk From DOL Proposal

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Coinbase Backs IQMM ETF as Stablecoin Rules Take Shape

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Crypto exchange Coinbase has invested in ProShares’ stablecoin-focused money market fund, betting that demand for stablecoin reserve-management products will grow as the recently enacted GENIUS Act formalizes the types of assets that can back US dollar-pegged tokens. Coinbase (COIN) announced Tuesday that it made an undisclosed investment in the ProShares GENIUS Money Market ETF (IQMM), which is designed to hold assets that qualify as reserves for payment stablecoins under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act requires stablecoin issuers to back their tokens…