Author: Benjamin Lee
Senator Bill Hagerty (R-TN) says that one segment of the crypto industry will likely become the largest holders of US Treasuries. In a new interview on CNBC Television, Hagerty says stablecoin issuers will likely purchase massive amounts of US Treasuries as reserve funds to ensure the digital assets remain pegged to the dollar. Says Hagerty, “Stablecoin issuers will be the largest holders of US Treasuries in the world.” Hagerty introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to establish federal regulations around the use of stablecoins. The bill is currently being debated by Congress.…
Billionaire Tron (TRX) founder Justin Sun is going to attend an exclusive crypto dinner with Donald Trump after claiming he’s the top holder of the President’s memecoin. In a new thread on the social media platform X, Sun says he’s excited to join Trump for this special dinner, an event he announced last month for the top 220 holders of Official Trump (TRUMP). “Honored to support POTUS and grateful for the invitation from GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan! As the top holder of TRUMP, I’m excited to connect with everyone, talk crypto, and discuss…
A widely followed crypto strategist believes Bitcoin (BTC) is primed to ignite a massive explosion after breaking out from a bullish continuation pattern. Pseudonymous analyst TechDev tells his 523,300 followers on the social media platform X that Bitcoin has broken out of a cup-and-handle pattern on the two-week chart. The pattern typically indicates that an asset is ready to spark a new uptrend after a period of consolidation. TechDev also points out that Bitcoin’s cup-and-handle breakout looks very similar to gold’s eruption over the past two years. “When cup-and-handles hit with precision. Bitcoin’s turn…” Source: TechDev/X Looking at the trader’s…
Blockchain tracking firm Lookonchain says a trader is reaping handsomely after making a bet on a social finance (SocialFi) crypto project built in the Solana (SOL) ecosystem. According to Lookonchain, a trader pseudonymously known as E4Rued has booked a profit of 34,500% on a stash of Launch Coin on Believe (LAUNCHCOIN) acquired less than a month ago. “28 days ago, E4Rued withdrew approximately $10,000 from Binance to buy LAUNCHCOIN before it surged. Then sold all LAUNCHCOIN for $3.46 million and deposited the funds back into Binance.” Source: Lookonchain/X Launchcoin is trading at $0.248 at time of writing, up by 71,164%…
A widely followed trader says Bitcoin (BTC) is not done printing new all-time highs after breaking out of key resistance levels this week. Analyst Ali Martinez tells his 138,400 followers on the social media platform X that Bitcoin has entered a price discovery phase and may soon increase by more than 33% of its current value. In crypto trading, price discovery generally refers to an asset soaring to uncharted territory and new all-time high levels. “Bitcoin is trading at new all-time highs, entering price discovery. The next key levels to watch are $116,000, $126,000, $136,000 and $148,000!” Source: Ali Martinez/X…
The world’s largest crypto exchange by trading volume is adding support for an asset linked with President Donald Trump’s new decentralized finance project, World Liberty Financial (WLFI). In a new announcement, Binance says it will add support for the stablecoin World Liberty Financial USD (USD1), a dollar-pegged digital asset managed by the crypto asset manager BitGo. “Binance is excited to announce that World Liberty Financial USD (USD1) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin [on May 22nd].” USD1, which was designed to keep a 1:1 peg to the US dollar, launched in March…
Cronos (CRO) token eyes rally as Crypto.com hits one other regulatory milestone. The Crypto.com group introduced it obtained a MiFID license. Optimism throughout crypto, in addition to this milestone, might spark a bullish rally for the Cronos price. Cronos (CRO) is eyeing a possible rally as Crypto.com, the corporate behind the token and Crypto.com change, secures one other important regulatory milestone. With the Markets in Monetary Devices Directive (MiFID) licence secured, CRO seems poised to trip constructive sentiment for a breakout. Whereas it’s not simply Crypto.com’s regulatory traction that’s in focus, the enlargement amid broader adoption could possibly be large…
Galaxy Digital chief authorities Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will in the tip catch up to the valuation of 1 hovering asset. In a model new CNBC interview, the billionaire says that crypto’s correction earlier this yr is principally due to an overexuberant investor sentiment along with the launch of speculative belongings, along with the Official Trump (TRUMP) memecoin. Nonetheless Novogratz notes that the markets wished the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs. “We had a euphoric excessive related spherical [Trump’s] inauguration…
Galaxy Digital chief authorities Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will in top-of-the-line catch up to the valuation of 1 hovering asset. In a mannequin new CNBC interview, the billionaire says that crypto’s correction earlier this yr would possibly very efficiently be very due to an overexuberant investor sentiment together with the launch of speculative property, together with the Official Trump (TRUMP) memecoin. Nonetheless Novogratz notes that the markets wished the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs. “We had a euphoric extreme acceptable…
Galaxy Digital chief authorities Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will lastly catch up to the valuation of 1 hovering asset. In a mannequin new CNBC interview, the billionaire says that crypto’s correction earlier this 12 months is certainly due to an overexuberant investor sentiment together with the launch of speculative property, together with the Official Trump (TRUMP) memecoin. Nonetheless Novogratz notes that the markets wished the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs. “We had a euphoric extreme associated spherical [Trump’s] inauguration and…