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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Donald Trump touts new family DeFi project
Donald Trump touts new family DeFi project

Former President Donald Trump on Thursday teased a new cryptocurrency project started by two of his sons

Blockworks·2024/08/23 07:21
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’

If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but some aren’t as pessimistic.

Cointelegraph·2024/08/23 06:12
Bitcoin Price Rejects Key Resistance, But Could Fed’s Powell Send Price Surging on Friday?
Bitcoin Price Rejects Key Resistance, But Could Fed’s Powell Send Price Surging on Friday?

The Bitcoin price was strongly rejected at its 50DMA around $61,300 ahead of a key speech from Fed Chair Powell. What's next?

CryptoNews·2024/08/23 05:24
The Trump family enters DeFi, threatening to end the oppression of banks and financial elites
The Trump family enters DeFi, threatening to end the oppression of banks and financial elites

Trump's second son praised cryptocurrencies and decentralized finance (DeFi) as potential powerful catalysts for the US economy.

BlockBeats·2024/08/23 03:13
Flash
  • 14:12
    Overview of Important Developments on the Evening of May 24
    1. SkyBridge Founder: Solana Will Replace Banks for IPOs  2. Whale James Wynn's Bitcoin Long Position Reaches $1.266 Billion 3. US Treasury Secretary: Stablecoins Expected to Create $2 Trillion Demand for Treasury Bonds 4. Bank of Canada Governor: Priority is to Reach a Trade Agreement with the US 5. JPMorgan Completes First Tokenized US Treasury Settlement on Public Blockchain
  • 14:11
    US Treasury Secretary: Stablecoins Expected to Generate $2 Trillion Demand for Treasury Bonds
    According to Coinpedia, U.S. Treasury Secretary Scott Bessent stated in a recent interview that stablecoins could bring $2 trillion in short-term demand for U.S. Treasury bonds and bills, far exceeding the current $300 billion. Bessent reiterated the Trump administration's strong support for cryptocurrency innovation and criticized the previous administration's destructive regulatory stance. He pledged to encourage sustainable innovation by balancing an improved regulatory framework. Stablecoins like Tether (USDT) are typically backed 1:1 by fiat currencies such as the U.S. dollar and hold reserves in liquid assets, including government bonds. As these tokens gain wider adoption, their issuers are becoming significant buyers of U.S. debt instruments. Meanwhile, the U.S. Senate is preparing a stablecoin regulatory bill, expected to provide legal clarity and drive institutional adoption. Market rumors suggest that Fidelity and JPMorgan may soon issue their own stablecoins.
  • 14:11
    Whale James Wynn's Bitcoin Long Position Reaches $1.266 Billion
    Whale James Wynn posted an update on his Hyperliquid BTC long position on platform X, with a 40x long position increased to approximately 11,588 BTC. The position value has reached $1.266 billion, with an opening price of $108,916 and a liquidation price of $105,179.
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