Key lawmakers, including House Financial Services Committee Chairman French Hill and Digital Assets Subcommittee Chairman Bryan Steil, support President Donald Trump’s executive orders on digital assets, marking a pivotal shift in U.S. financial policy. #Breaking #Crypto $BTC (+8) ↗
Ohio’s new strategic crypto reserve bill allows up to 10% investment of state funds in digital assets, with $BTC as the only current option due to its market cap. Former presidential candidate Vivek Ramaswamy praised the initiative. Crypto $BTC (+6) ↗
Chinese researchers have developed @DeepSeekAI R1, an open-source AI model that rivals @OpenAI’s o1 in reasoning capabilities at 98% lower costs, marking a significant shift in AI development and accessibility. #Breaking #Tech (+8) ↗
@THORChain paused its savers and lending programs, freezing $98 million in crypto assets amid a $200 million insolvency. The move aims to prevent a financial collapse, with the community having 90 days for restructuring. #Breaking #Crypto $RUNE (-9) ↘
The “America First” policies of the Trump administration could weaken African currencies like the Nigerian naira, increasing debt servicing costs significantly. #Breaking #Economy #Naira (-8) ↘
The GOP-led House Oversight Committee has launched an investigation into alleged unlawful debanking practices targeting crypto companies, dubbed ChokePoint 2.0, focusing on claims of financial exclusion against political opponents and disfavored industries like crypto and blockchain. #Breaking #Legal @Coinbase (-8) ↘
French police rescued @Ledger co-founder David Balland and his wife from kidnappers demanding cryptocurrency ransom, with GIGN leading the operation. Ten suspects were arrested, and part of the ransom was confiscated. #Breaking #Legal (+8) ↗
MicroStrategy (@MicroStrategy) faces a potential $2.7 billion tax liability due to the Corporate Alternative Minimum Tax from the Inflation Reduction Act, impacting its Bitcoin strategy as crypto assets remain taxable under CAMT. #Breaking #Legal $BTC (-8) ↘
David Balland, co-founder of @Ledger, was rescued in France after being kidnapped for crypto ransom; police freed him and his wife, highlighting rising crime against crypto figures. #Breaking #Legal (+8) ↗
Ethereum founder Vitalik Buterin criticizes politician-issued cryptocurrencies as “perfect bribery vehicles,” highlighting concerns over passive value increases and foreign influence. His comments follow the launch of Solana-based TRUMP and MELANIA meme coins, prompting calls for investigation. #Breaking #Crypto $TRUMP (-8) ↘
@Arkham’s data reveals that President Donald Trump’s World Liberty Financial (WLFI) is now a top 0.1% holder of staked Ethereum ($stETH) after acquiring $33 million worth of ETH, alongside other significant crypto assets. #Breaking #Crypto $ETH (+8) ↗
The U.S. Securities and Exchange Commission (SEC) rescinded Staff Accounting Bulletin No. 121, indicating a regulatory shift under Commissioner Hester Peirce’s leadership, impacting crypto-assets’ accounting standards. #Breaking #Legal $BTC (+8) ↗
The SEC has repealed Staff Accounting Bulletin (SAB) 121, allowing traditional financial institutions to offer crypto custody services, marking a significant regulatory shift following a congressional bill and presidential veto. #Breaking #Legal #Crypto (+8) ↗
U.S. President Donald Trump issued an executive order to establish favorable policies for the crypto industry and explore a “digital asset stockpile,” causing $BTC to briefly surge above $106,000. #Breaking #Crypto $BTC (+8) ↗
