GlobalCrypto

As cryptocurrency exchange-traded funds (ETFs) consolidate their position in the broader market, market participants are anticipating new launches.

Following the successful integration of #bitcoin and ethereum-based ETFs in 2024, community members are raising expectations for Cardano-based ETFs. Expectations are rising, which should strengthen the price of ADA.
a new move by the U. S. Securities and Exchange Commission reinforces this bullish outlook. The regulator has officially approved a Cardano-based exchange-traded fund launched by leading investment firm #Grayscale .
The SEC's approval of Grayscale's #ETF , which was filed ahead of the others, shows that the regulator is interested in altcoin-based ETFs.
Notably, Grayscale, a U. S. digital asset manager with $50 billion in assets under management, has been advocating for a digital asset-based ETF. This is particularly useful for traditional investors who want to expand their portfolios without directly entering the volatile cryptocurrency sector. For years, key figures in the traditional financial world have used ETFs to increase their holdings in cryptocurrencies After the successful launch of
Bitcoin Spot ETF in January 2024, investment firms have continued to expand their reach Grayscale launched the #Cardano ETF. Along with several ETFs for altcoins such as Dogecoin and Polkadot.
Like Bitcoin (BTC) and Ethereum (ETH), ADA Cardano could benefit greatly from long-term consolidation of Cardano-based ETFs.
It's worth noting that the price of BTC jumped significantly after the launch of several new bitcoin-based ETFs in the first quarter of last year.
Read us at: Compass Investments
#GlobalCrypto

An anonymous crypto analyst calling himself Momentum Chaser has refuted claims that the US Department of Government Efficiency (DOGE) has saved $55 billion of taxpayer money by forcing the department to revise its figures.

The #DOGE website, headed by #Tesla founder #Elon Musk, shows that the federal government 55 billion in various funding cuts and shows cuts to several agencies. However, according to Momentum Chaser, the actual figure is much lower.
U. S. President Donald Trump has said that 20 percent of the money DOGE will "save" will go directly to taxpayers and another 20 percent will be used to pay down the national debt.
News outlets such as the New York Times and the Huffington Post have also taken notice of DOGE's figures. Despite the changes, DOGE claims that the final amount of the budget cuts is $55 billion, causing observers to worry about how much trust can be placed in the department tasked with cutting wasteful government spending.
Since the interim committee was formed, Musk has wasted no time. Without wasting time, he has identified and reduced areas of perceived waste in the federal government.
Musk claims he can reduce federal government spending by about $2 trillion at a rate of $4 billion a day. So far, he says he has cut about $55 billion.
the idea of a "DOGE dividend" was originally proposed to Site X by James Fishback, CEO of investment firm Azoria, who is rumored to be an outside advisor to DOGE. Under the plan, which Musk says he will show the president, $2 trillion would be divided among 79 million households, "net payers" of income tax, yielding a dividend of $5,000 per household.
While DOGE appears to be on track to reach its $2 trillion goal, some question whether the organization is accurately reporting how much it has saved.
Pseudonymous user X Momentum Chaser pointed out several errors in DOGE's calculations. First, an $8 million contract for the Department of Homeland Security was incorrectly listed as $8 billion.

However, DOGE reportedly miscalculated this amount as well.

Fourteen U. S.

Read us at: Compass Investments
#GlobalCrypto #BlockchainFuture

Senator Elizabeth Warren has accused Donald Trump and Elon Musk of facilitating tax evasion through mass layoffs at the Internal Revenue Service.

Senator Elizabeth Warren has accused Donald Trump and #Elon Musk of facilitating tax evasion through mass layoffs at the Internal Revenue Service.
The IRS plans to cut nearly half of its workforce as part of Trump's job-cutting plan, with 7,000 employees already laid off.
Senator Warren joined Massachusetts lawmakers in condemning President Trump's economic plan, calling it a sandstorm of chaos that will benefit billionaires at the expense of working families
Senator Elizabeth Warren called out former President Donald accused former President Trump and billionaire Elon Musk of pandering to the rich to avoid taxes. She believes Trump and Musk are pressuring the Internal Revenue Service (IRS) to cut staff and cover up tax delays by American billionaires.
On Wednesday, Warren reprinted an Associated Press article on Site X, saying, Donald Trump and Elon Musk are pandering to the rich to cheat on their taxes. They're happy to make them wait for their tax refunds so they can cheat. How does it work?
The Associated Press noted that the IRS could cut nearly half of its staff. According to sources familiar with the situation, the IRS is developing a plan to reduce its staff through layoffs, attrition and incentive buyouts.
As Cryptopolitan previously reported, the IRS currently employs about 90000 employees across the United States. According to the agency, 56% of employees are people of color, and 65% are women. In February, the agency has already laid off about 7,000 probationary employees (i. e. those who have worked less than one year) as part of a staff reduction.
the Trump administration's plan to shrink the federal government was developed by Musk's Ministry of Government Efficiency. The plan is headed by the Department of Government Efficiency.

Read us at: Compass Investments
#GlobalCrypto #CryptoUpdates #CryptoTrends #FinTechInnovations