News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Flash
- 23:33Yesterday ARKB had a net outflow of $38.3 million, while Grayscale BTC had a net inflow of $36 millionAccording to a report by Jinse Finance, based on monitoring data from Farside Investors, ARKB had a net outflow of $38.3 million yesterday, while Grayscale BTC had a net inflow of $36 million.
- 23:33VanEck Executive: Sustainable Bitcoin Reserve Growth Must Be Achieved Gradually Through Congressional LegislationPANews reported on May 28, according to Cointelegraph, that VanEck's Head of Digital Assets, Matthew Sigel, stated at the "Bitcoin 2025" conference that if the United States wants to continue expanding its strategic Bitcoin reserves, it should be achieved through congressional legislation rather than executive orders. He suggested including incentive clauses in the budget reconciliation bill, such as providing tax incentives to mining companies using methane for power generation and requiring them to remit a portion of their mining proceeds to the government. Sigel pointed out that executive orders are prone to litigation, and proposed starting with a $100 million "Exchange Rate Stabilization Fund." Although the Trump administration established a strategic Bitcoin reserve through an executive order on March 7, it can only increase holdings through budget-neutral strategies or asset confiscation by law. Wyoming Senator Cynthia Lummis, who proposed related legislation in July 2024, suggested converting part of the Treasury's gold certificates into Bitcoin; in March 2025, Bo Hines, Executive Director of the Digital Asset Advisory Committee, further proposed revaluing the gold reserves at market price (currently recorded at $42.22 per ounce) and using the appreciated portion to purchase Bitcoin.
- 23:32US Senator Lummis: Trump Supports Bill to Purchase 1 Million BTCPANews reported on May 28, according to Cointelegraph, that U.S. Senator Cynthia Lummis from Wyoming revealed at the "Bitcoin 2025" conference that President Trump supports the "BITCOIN Act," which requires the U.S. government to purchase 1 million bitcoins within five years, with funds coming from existing reserves of the Federal Reserve and the Treasury Department. The White House has formed an expert team to advance digital asset legislation, including stablecoins, market structure, and Bitcoin strategic reserves, which are expected to be introduced in this order. Lummis stated that the Senate Banking Committee has passed the stablecoin bill, and after consultation with the minority party, it is expected to be put to a full vote within a week after reconvening. Trump's chief crypto advisor, David Sacks, previously mentioned that the "GENIUS Stablecoin Act" is expected to gain bipartisan support for final passage after passing a procedural vote on May 19 with a 66:32 vote.