The Atlanta Fed’s GDP model projects a -1.5% contraction in U.S. Q1 2025 GDP, raising concerns about stock market volatility, bitcoin’s near-term stability, and the Federal Reserve’s rate-cut calculus amid a widening trade deficit and cooling consumer spending. GDP Downgrade Sparks Uncertainty: Stocks, Bitcoin Vulnerable as Fed Watches Data Gross domestic product (GDP), the broadest […] Source CryptoX Portal
The Arizona Senate advanced a bill to create a state-managed reserve for seized bitcoin, passing SB 1373 by a 17-12 vote on Feb. 27 and sending it to the House for further consideration. Arizona Legislators Narrowly Pass Digital Assets Reserve Bill The Strategic Digital Assets Reserve bill establishes a fund overseen by the state treasurer […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu and PEPE face bear markets, while investors diversify into PropiChain for AI-driven real estate solutions. Despite being used by investors to make millions, Shiba Inu and PEPE are in a bear movement, which has significantly triggered a negative sentiment from investors. This can be majorly attributed to the current market downturn and political issues affecting market positions. Amidst the buzz around these popular meme coins, a significant…
Financial markets are sending mixed signals as uncertainty reaches new highs. On Feb. 25, the US debt ceiling was raised from $36.1 trillion to $40.1 trillion, marking another massive expansion in government borrowing. Following a historical pattern, the benchmark 10-year Treasury yield reacted to the news by dropping from 4.4% to 4.29%. While this may seem counterintuitive, markets tend to interpret debt ceiling resolutions as stabilizing events, reducing near-term uncertainty even if they imply higher borrowing down the line. However, the stock and crypto markets, which usually benefit from lower…
More than 30 U.S. states have explored the idea of publicly funded Bitcoin reserves, with at least two jurisdictions nearing the passage of related legislation. Policy makers in Washington haven’t agreed on federal laws to create a Bitcoin (BTC) reserve, Wyoming Republican Senator and chair of the Senate Banking Subcommittee on Digital assets, Cynthia Lummis said at the New York Bitcoin Investor Week. Utah and Arizona have pushed forward proposals to purchase Bitcoin using public funds, though not all lawmakers support the idea of state-run Bitcoin reserves. Since Donald Trump…
Solana gained nearly 6% on Friday, rallying alongside Bitcoin, as the largest cryptocurrency regains $80,000 as support. However, the total value of assets locked in the Solana chain is down $5.26 billion from its peak, a nearly 50% drop. TVL represents demand and relevance for a chain, meaning Solana is negatively affected by the shifting market dynamics. Solana-based meme coins considered the catalyst driving gains in SOL (SOL) this market cycle, are struggling to recover as traders turn fearful. State of Solana The total value of assets locked is a…
Since reaching all-time highs on Jan. 20, Bitcoin’s price has been suppressed by hedge funds exploiting a low-risk yield trade involving spot exchange-traded funds (ETFs) and CME futures, signaling once again that institutional adoption of crypto assets isn’t a one-way street. This is the general takeaway of analyst Kyle Chassé, who dissected the latest Bitcoin (BTC) price crash in a thread on the X social media platform. “For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” said Chassé. Now, this cash and…
The U.S. Department of Justice’s long-awaited release of the first phase of Jeffrey Epstein-related documents on Feb. 27, 2025, has drawn sharp criticism for containing mostly redacted or previously public information, failing to meet expectations of exposing high-profile figures linked to his sex trafficking network. Amid $1.8 million Polymarket bets on elite names like Prince […] Source CryptoX Portal
This content is provided by a sponsor. PRESS RELEASE. As the cryptocurrency market faces renewed turbulence, Bitcoin (BTC) has pulled back to around $80,000, while Ethereum (ETH) extends its slide. According to CoinGlass, market sentiment has sunk into “Extreme Fear,” fueling widespread investor anxiety. In this environment, investors are actively seeking stable and high-yield opportunities […] Source CryptoX Portal
The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it exploited the exchange, despite onchain analysts pursuing the identity of the exploiters. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto history The Bybit exploiter has already laundered over $605 million worth of Ether (ETH), or over 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X post: “So far, the…