News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Wall Street’s biggest banks are finally backing Trump’s pro-crypto agenda after his new executive order cleared regulatory hurdles. Trump stacked his administration with crypto advocates, like SEC pick Paul Atkins and Treasury nominee Scott Bessent, to drive his plans. The SEC scrapped its restrictive accounting rule, SAB 121, letting banks hold crypto without the crushing capital requirements.
TRUMP token’s decline from its $79 peak reflects waning interest and trading momentum. Can breaking $34 spark a sustainable recovery?
Deciphering Bitcoin's Market Behavior: Crucial Price Points under the Microscope as Financial Experts Brace for FOMC Decision
XRP's Surprising Performance: A Disruptor to U.S. BTC Reserves or Speculation Bubble in the Making?
Major token unlock events are scheduled next week for Optimism and other projects, releasing previously blocked tokens under fundraising terms. These events can lead to price volatility based on market conditions and investor reactions.
Quick Take This is an excerpt from the 20th edition of The Funding sent to our subscribers on Jan. 26. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take The Metropolitan Museum of Art has launched a new blockchain-powered game in conjunction with TRLab that rewards players for finding connections between different works of art with NFT badges and a chance to win one of 500 Met-related prizes. The Met’s first foray into blockchain and NFT technology has the goal of deepening audience engagement with the museum’s works.
- 14:08pump.fun Official Announcement: PUMP Token to Launch via Initial Token Offering on July 12Odaily Planet Daily reported that pump.fun announced on the X platform that the PUMP token will be launched through an initial token offering on July 12, with an airdrop coming soon.
- 13:58The three major U.S. stock indexes opened higher as a certain exchange's stock price hit a record highChainCatcher News, according to Jintou Data, at the opening of the US stock market, the Dow Jones rose 0.2%, the S&P 500 index gained 0.38%, and the Nasdaq increased by 0.5%. Microsoft rose 1% after Oppenheimer analysts upgraded its rating to Buy. Apple (AAPL.O) fell 0.2%, with White House trade advisor Navarro stating that Apple believes it is "too big to be taxed." Nvidia (NVDA.O) surged over 2.5%, reaching a record high and pushing its market capitalization past $4 trillion, making it the first company ever to surpass this milestone.
- 13:48Nvidia becomes the first company to reach a $4 trillion market capitalizationAccording to Jinse Finance, Nvidia's stock price has reached a significant milestone. Today, the AI computing company once again set a new record high, rising 2.5% on the day to $163.9 per share, with a total market capitalization of $4 trillion. This surpasses the combined stock market value of countries such as the UK, France, and Germany. Nvidia's share price has climbed 89% from its April low. The surge is driven by market optimism about Nvidia's leading position in the field of artificial intelligence and soaring demand for its AI chips. Recently, Loop Capital analyst Ananda Baruah raised Nvidia's target price from $175 to $250, which would correspond to a market capitalization of approximately $6 trillion.