Texas establishes Bitcoin strategic reserve with BlackRock: Is an explosive growth on the horizon?
Texas has made history by purchasing $5 million worth of shares in BlackRock's iShares Bitcoin Trust, establishing the first state-level strategic Bitcoin reserve in the US. This move signals a potential shift in institutional cryptocurrency adoption across the country.
Unveiling the mystery: Why did the #DOGECOฤฐN ($DOGE ) ETF fail spectacularly?
Wall Street has unveiled an ETF for Dogecoin, the most famous meme coin, but so far, no one has crossed over. The debut of Grayscale's Dogecoin ETF (GDOG) on NYSE Arca on November 24 has not seen any net unit creation, indicating institutional appetite for meme cryptocurrencies in a regulated setting could be overestimated. With the industry gearing up to launch over a hundred similar products, the market is currently losing almost $2 billion a week.
Vitalik Buterin responds to MAGA scam crypto controversy: Whatโs happening?
#Ethereum co-founder Vitalik Buterin publicly addressed the recent controversy surrounding fraudulent MAGA accounts on X, exposed last Friday. These fake profiles, operated from abroad and masquerading as American conservatives, have infiltrated the crypto ecosystem with sophisticated scam schemes. Buterin's nuanced stance raises crucial questions about opinion manipulation and investor security in the cryptocurrency sector.
#uniswap : How high can $UNI surge before the bears return?
Uniswap regains momentum: increasing volumes, renewed demand on the DEX, and bullish technical signals. As UNI appears poised to revisit long-forgotten levels, the market wonders: when will the bears return? Amidst bullish momentum and potential reversal threats, discover how high UNI could soar before the next bearish wave.
UNI Tests Critical Resistance Zones Uniswapย โs UNIย tokenย is currently navigating aย delicate technical phase. After recording substantial gains in recent weeks, Ethereumโs flagship DeFi protocol is facing strategic price levels that could determine its next trajectory. Traders are particularly scrutinizing the $6.55 zone, which represents a major pivot point for theย continuation of the bullish movement.
#Zcash : Unveiling the potential surge of $ZEC despite its 20% crash
Zcash experiences a period of high volatility with a 20% drop in its value, but the privacy-focused crypto just received an unexpected bullish signal. Reliance Global Group decided to liquidate all its positions to focus solely on ZEC's privacy-first architecture. This strategic move comes as the crypto market seeks technologically differentiated safe havens, raising questions about Zcash's real prospects amidst tightening regulations.
#Crypto market is up today. #BTC is unchanged at $87,788, and #ETH is up to $2,938. โWe canโt rule out the possibility of something out of the ordinary happening this December.โ
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Web3 firm Animoca Brandsโ chief strategy officer: The timing to go public is right
Keyvan Peymani, chief strategy officer with Animoca Brands, sits down with #CNBC Crypto World from the Clear Street Disruptive Technology Conference in Palm Beach, Florida to discuss the Web3 firmโs plans to go public in 2026 through a reverse merger with fintech company Currenc Group. He also provides his outlook for Web3 in 2026.
Kevin Hassett emerges as leading Fed chair candidate
Kevin Hassett, trusted by Trump and favoring rate cuts, is the front-runner for Fed chair as Powellโs term nears its end. Hassett owns over $1 million in Coinbase stock and served on its advisory council, raising potential conflict of interest concerns. Treasuryโs review included other candidates; Trump likely to announce decision before Christmas, with Senate confirmation to follow.
U.S. Crypto Regulator, #CFTC , Seeking Names for New 'CEO Innovation Council'
What to know: Commodity Futures Trading Commission Acting Chairman Caroline Pham is inviting nominations for members of the CEO Innovation Council she's seeking to establish, which is meant to โ in part โ steer the regulator's crypto policy priorities.The nominations need to arrive at the CFTC by Dec. 8.This is the latest in a series of crypto policy efforts from Pham, who is expected to be replaced soon by President Donald Trump's nominee for CFTC chairman.
Spanish Parliamentary Group Proposes New Crypto Tax Bill Increasing Taxes on $BTC , $ETH
The Spanish Sumar Parliamentary Group has proposed three amendments to crypto tax laws, adding more burden on profits fromย Bitcoinย and other cryptocurrencies. Theย proposal presented before the Congress of Deputiesย this month suggests that gains from crypto assets, not considered as financial instruments, should be taxed under Personal Income Tax (IRPF) at the general rate. The general IRPF base is currently capped up to 47%, perย Wolters Kluwer data. According toย CriptoNoticias report, at present, crypto assets come under the savings base rates, taxed up to 30%. Besides, the group said that these gains should be taxed under the Corporate Income Tax at 30%. As the third amendment, the proposal suggests that the National Securities Market Commission (CNMV) create a visual risk traffic light system for crypto. This will be displayed on investor platforms in Spain, evaluating official registration, supervision, backing and liquidity. Economist and tax advisor Josรฉ Antonio Bravo Mateu said that these transposes โclearly go against Bitcoin, Ethereum, and other cryptocurrencies.โ Further, the proposal includes all crypto within the scope of seizable assets, expanding the previous rule that applies only to assets under the EU MiCA framework. Lawyer Chris Carrascosa points out that this proposal is โunenforceable.โ โIf this is approved, itโs going to cause absolute chaos in the entire crypto tax regime in Spain,โ she stressed.
Crypto turbulence drives demand for CMEโs regulated products, setting new volume records.
CME Group said Monday that its cryptocurrency futures and options suite hit an all-time daily volume record of 794,903 contracts on Friday, Nov. 21. The previous record of 728,475 contracts was set on Aug. 22. The leading derivatives marketplace has seen its average daily volume of 270,900 crypto contracts ($12 billion in notional) rise 132% year-over-year, with average open interest (OI) of 299,700 contracts ($26.6 billion in notional) up 82% year-over-year. "Amid ongoing market uncertainty, demand for deeply liquid, regulated crypto risk management tools is accelerating," Giovanni Vicioso, global head of cryptocurrency products at CME Group, stated in aย release. "Clients across the globe continue to turn to our benchmark Cryptocurrency futures and options to hedge their risk and pursue opportunities in this complex environment, with both large institutions and retail traders driving record activity across our product suite." CME's micro futures and options crypto product suite hit a new daily volume record of 676,088 contracts on Friday, including record micro Bitcoin futures and options volume of 210,347 contracts, according to CME Group. The firm offers investment products forย ย $BTC ย +1.13% , $ETH , #SOL , and $XRP .ย
Irreverent memecoin inspired by World Liberty founder rallies 130% after Trump-connected crypto project's endorsement.
World Liberty Financialย ย WLFIย +5.35% ย co-founder Chase Herro's irreverent statement that even canned feces will sell to the right audience is being put to the test.
On Monday, World Liberty, the crypto project linked to President Donald Trump's family, said it would invest in the "Sh*t P*ss Skin Can" memecoin โ briefly causing the token to surge at least 143%, according to DEX Screenerย data. SPSC is reportedly an homage to Herro, whoย reportedly saidย in 2018 even "sh*t in a can, wrapped in p*ss, covered in human skin" could sell for "$1 billion if the story is right." "Buying $SPSC because the trenches finally found religion in USD1 memes," World Liberty posted from itsย official account on X. "If theyโre gonna make a coin in honor of our WLFI Co-Founderโฆ weโre in ๐ฆ โ๏ธ"ย Herro laterย repostedย the message, along with an emoji of a can. The memecoin rallied following the post before flushing out. It is currently up 130% on the day, trading hands around $0.0063 with a $6.8 million market capitalization.
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