UAE-backed fund's plan to use a cryptocurrency created by the Trump family's company to acquire a \$2 billion stake in Binance, the world's largest cryptocurrency exchange.
The deal, announced at the Token2049 crypto conference in Dubai, involves the UAE government-backed fund MGX utilizing the USD1 stablecoin developed by World Liberty Financial—a decentralized finance platform launched in 2024 with former President Donald Trump as "chief crypto advocate" and his sons, including Barron Trump,
Bitcoin's dominance hitting **64.89%**, its highest in four years, signals a strong capital shift into BTC relative to altcoins. This surge, along with the price nearing **\$97,000**, reflects heightened investor confidence in Bitcoin amid broader institutional adoption, ETF inflows, and macroeconomic uncertainties.
This level of dominance often precedes:
Altcoin lag: Many altcoins may underperform or stagnate as capital flows into BTC. Cycle peak indicators: Historically, high BTC dominance o
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#SaylorBTCPurchase Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), continues to make headlines with his aggressive Bitcoin acquisition strategy. In a bold move, the company announced plans to raise an unprecedented $84 billion—comprising $42 billion in equity and $42 billion in debt—to further bolster its Bitcoin holdings .
This initiative comes on the heels of Strategy's recent purchase of 15,355 BTC for approximately $1.4 billion, bringing its total holdings to 553,555 BTC, valued at over $53 billion . Saylor's unwavering belief in Bitcoin as "digital gold" and a hedge against inflation underscores his commitment to this asset class.
Despite reporting a fifth consecutive quarterly loss, largely due to a $5.91 billion unrealized loss on its cryptocurrency assets, Strategy's stock has surged, reflecting investor confidence in Saylor's vision . The company's transformation from a traditional software firm to a crypto-focused entity exemplifies the growing institutional adoption of digital assets.
Saylor's strategy has not only positioned Strategy as the largest corporate holder of Bitcoin but has also inspired other companies to explore similar paths. As the digital asset landscape evolves, Saylor's bold moves continue to shape the conversation around corporate cryptocurrency investments.
#DigitalAssetBill House Republicans are preparing to release a new draft bill on cryptocurrency regulation ahead of a key hearing scheduled for May 6. This legislation aims to define how the U.S. will handle crypto markets, stablecoins, and digital asset oversight moving forward.
The proposed bill seeks to establish a framework for payment stablecoins, providing clarity and a federal pathway for issuers.
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Mark Carney Re-elected as Canadian Prime Minister Amid Crypto Debate
Mark Carney has secured re-election as Canada’s Prime Minister, defeating pro-Bitcoin rival Pierre Poilievre. Known for his skepticism toward Bitcoin, Carney argues it’s neither a dependable store of value nor an effective currency. Instead, he supports launching a central bank digital currency (CBDC) to strengthen financial stability. His win signals that Canada is likely to continue a cautious approach to crypto, emphasizing