Cryptocurrency Updates

TEXAS JUST HOURS AWAY FROM HOLDING A HEARING ON ITS STRATEGIC BITCOIN RESERVE TODAY

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A Texas hearing is scheduled for April 23, 2025, to discuss establishing a strategic Bitcoin reserve, following the Senate’s approval of SB 21 (25-5 vote) on March 6, 2025, as reported by Bitcoin Magazine; this positions Texas as a potential pioneer in state-level Bitcoin adoption. Texas, the 8th largest economy globally, aims to use Bitcoin […]

TEXAS JUST HOURS AWAY FROM HOLDING A HEARING ON ITS STRATEGIC BITCOIN RESERVE TODAY Read More »

WALL STREET GIANT CANTOR FITZGERALD RAISING $3 BILLION TO CREATE A “MASSIVE STOCKPILE OF BITCOIN”

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Cantor Fitzgerald, a Wall Street firm, is launching 21 Capital with SoftBank, Tether, and Bitfinex, aiming to acquire $3 billion in Bitcoin to rival MicroStrategy’s 538,200 BTC treasury strategy, which has boosted its market cap to $91 billion by April 2025. The venture values Bitcoin at $85,000 per coin, with Tether contributing $1.5 billion, SoftBank

WALL STREET GIANT CANTOR FITZGERALD RAISING $3 BILLION TO CREATE A “MASSIVE STOCKPILE OF BITCOIN” Read More »

Elon Musk’s Tesla reveals it still holds onto its 11,509 Bitcoin worth over $1.07 billion in Q1 2025

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Tesla’s retention of 11,509 Bitcoin in Q1 2025, valued at over $1.07 billion, reflects a strategic hedge against inflation, as Bitcoin’s price hovered around $91,256 per coin, per Kraken’s data, despite a 3% year-to-date decline. Elon Musk’s decision to hold Bitcoin aligns with Tesla’s earlier crypto strategy; the company sold 75% of its 42,902 Bitcoin

Elon Musk’s Tesla reveals it still holds onto its 11,509 Bitcoin worth over $1.07 billion in Q1 2025 Read More »

Financial Regulator OCC announces U.S. banks can now legally engage in crypto-related activities. Crypto custody, stablecoin reserves, and using DLT and stablecoins for payments are legally permissible.

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he OCC’s April 2025 announcement allows U.S. banks to legally engage in crypto activities like custody, stablecoin reserves, and DLT payments, following a March 2025 policy shift that removed the need for prior regulatory approval, as reported by Reuters. This regulatory change reverses earlier caution, such as the 2023 OCC statement highlighting crypto volatility, and

Financial Regulator OCC announces U.S. banks can now legally engage in crypto-related activities. Crypto custody, stablecoin reserves, and using DLT and stablecoins for payments are legally permissible. Read More »

DUTCH BANK ING IS REPORTEDLY DEVELOPING A NEW STABLECOIN IN COLLABORATION WITH TRADITIONAL FINANCE AND CRYPTO FIRMS

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Dutch bank ING is developing a new stablecoin with traditional finance and crypto firms, aligning with Europe’s MiCA regulations that require stablecoin issuers to hold an authorization license, as noted in a CoinDesk report from April 21, 2025. ING’s move reflects a broader trend of major banks entering the stablecoin market, following Société Générale’s lead,

DUTCH BANK ING IS REPORTEDLY DEVELOPING A NEW STABLECOIN IN COLLABORATION WITH TRADITIONAL FINANCE AND CRYPTO FIRMS Read More »

Fundstrat’s Tom Lee says, “Now that the develeraging is done, I think Bitcoin is going to catch up to gold.”

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Tom Lee, Fundstrat’s managing partner, appeared on CNBC on April 22, 2025, predicting Bitcoin’s growth to rival gold’s value, citing recent market deleveraging as a catalyst for this potential surge, aligning with his consistent bullish outlook on cryptocurrencies. The screenshot shows Bitcoin trading at $88,500, a 3.35% daily increase, with TradingView data indicating a 36.35%

Fundstrat’s Tom Lee says, “Now that the develeraging is done, I think Bitcoin is going to catch up to gold.” Read More »

Trump Media officially finalizes partnership with Crypto․com to launch ETFs

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Trump Media and Technology Group (TMTG), founded by Donald Trump in 2021, finalized a partnership with Crypto.com to launch “Made in America” ETFs, focusing on Bitcoin, cryptocurrencies, and “America-first securities,” as announced on April 22, 2025, following an initial report by Fortune Crypto on March 25, 2025. Cryptocurrency ETFs, like those TMTG plans to launch,

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Coinbase confirms it’s considering applying for a US federal bank charter, a move that could let it offer traditional banking services like deposits and loans

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Coinbase, a major U.S. crypto exchange, is exploring a federal bank charter to offer traditional banking services like deposits and loans, signaling a trend of crypto firms integrating with traditional finance amid evolving U.S. regulations. This move follows the U.S. Office of the Comptroller of the Currency’s 2021 conditional approval of a bank charter for

Coinbase confirms it’s considering applying for a US federal bank charter, a move that could let it offer traditional banking services like deposits and loans Read More »

The European Central Bank warns Trump’s pro-crypto stance could trigger financial “contagion” that may destabilize Europe’s economy, according to POLITICO

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The ECB fears that a surge in U.S.-backed stablecoins could lead to a flight of European capital into U.S. The European Central Bank (ECB) fears that Trump’s pro-crypto policies, particularly his support for U.S.-backed stablecoins, could destabilize Europe’s economy by causing a capital flight, as reported by POLITICO on April 22, 2025. Stablecoins, like USDT

The European Central Bank warns Trump’s pro-crypto stance could trigger financial “contagion” that may destabilize Europe’s economy, according to POLITICO Read More »

CATHIE WOOD’S ARK INVEST JUST BOUGHT $116M WORTH OF BITCOIN

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Cathie Wood’s ARK Invest purchased $116 million in Bitcoin, signaling strong institutional confidence in cryptocurrency amidst a broader market shift, as evidenced by a prior $60 billion influx into crypto markets on April 21, 2025. This move aligns with ARK’s history of Bitcoin investment, having previously bought $16 million in its own spot-Bitcoin ETF (ARKB)

CATHIE WOOD’S ARK INVEST JUST BOUGHT $116M WORTH OF BITCOIN Read More »