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Arizona passes initial step towards the state being able to invest in crypto

Arizona passes initial step towards the state being able to invest in crypto

Arizona's Senate Finance Committee greenlit the initial step towards the state being able to invest in crypto.The committee proposed a strategic bitcoin reserve bill that suggested the state's public funds invest in bitcoin and other cryptocurrencies. The Arizona Strategic Bitcoin Reserve Act (SB 10…

‘Crypto is back’: Various investor groups see a need to ramp up amid US political shift, Bernstein says

‘Crypto is back’: Various investor groups see a need to ramp up amid US political shift, Bernstein says

Following recent discussions with a diversified range of investors across the United States, analysts at research and brokerage firm Bernstein said several groups recognized that “crypto is back” and saw a need to ramp up their market activity.Investor groups across finance, payments, data centers, …

OpenSea releases points system for ‘OS2’ platform, gives priority access to Gemesis NFT holders

OpenSea releases points system for ‘OS2’ platform, gives priority access to Gemesis NFT holders

OpenSea has rolled out its OpenSea 2.0 (OS2) platform, featuring a redesigned user interface and a new experience points (XP) system.This is a private beta release, with OpenSea granting free priority access to holders of its Gemesis NFTs. Other interested users have been placed on a waitlist.In 202…

US Senate confirms pro-crypto Scott Bessent as new Treasury secretary

US Senate confirms pro-crypto Scott Bessent as new Treasury secretary

The U.S. Senate has confirmed pro-crypto Scott Bessent as the new Treasury secretary, who will succeed Janet Yellen. The confirmation was made in a Senate vote on Monday, where 68 voted for Bessent against 29. Last November, Trump nominated the billionaire hedge fund manager to lead the Treasury Dep…

AI-focused bitcoin miners Core Scientific, Cipher Mining hit hardest in crypto stock sell-off

AI-focused bitcoin miners Core Scientific, Cipher Mining hit hardest in crypto stock sell-off

Bitcoin miners and other cryptocurrency-related stocks are trading significantly lower in Monday's trading session. The sell-off was led by the Nasdaq, which was down more than 3.4% in midday trading after China-based DeepSeek released an artificial intelligence model that has become the most downlo…

Nasdaq files to change BlackRock’s Bitcoin ETF to allow for in-kind redemptions

Nasdaq files to change BlackRock’s Bitcoin ETF to allow for in-kind redemptions

Nasdaq, on behalf of BlackRock, is pursuing a potential change to the asset management firm's spot Bitcoin exchange-traded fund to allow for in-kind redemptions instead of cash.Nasdaq filed an amended rule filing on Friday that would allow for redemptions and creations in kind for the iShares Bitcoi…

ECB pushes for digital euro in response to Trump’s crypto executive order that could further ‘disintermediate banks’

ECB pushes for digital euro in response to Trump’s crypto executive order that could further ‘disintermediate banks’

Eurozone banks need a digital euro to counter United States President Donald Trump's efforts to promote worldwide U.S.-backed stablecoins, according to European Central Bank (ECB) board member Piero Cipollone. Speaking at a policy meeting in Frankfurt on Friday, Cipollone highlighted the potential i…

Members of Congress and Crypto Czar split on whether Trump’s memecoin poses a conflict of interest

Members of Congress and Crypto Czar split on whether Trump’s memecoin poses a conflict of interest

David Sacks, the first-ever AI and Crypto Czar for the White House, claimed that Trump's memecoin acts as a collectible, much like a baseball card or stamp. Donald Trump and first lady Melania Trump launched memecoins respectively called TRUMP and MELANIA ahead of the presidential inauguration, whic…

The Scoop: Crypto goes mainstream in a post-Trump inauguration era

The Scoop: Crypto goes mainstream in a post-Trump inauguration era

Markets are grappling with uncertainty in the wake of Donald Trump’s inauguration, but there’s an undeniable shift flying under the radar: crypto is no longer a dirty word.The transformation is striking. Just a year ago, figures like SEC Chair Gary Gensler and Senator Elizabeth Warren were leading t…

Days after Gensler leaves, SEC rescinds controversial crypto accounting guidance SAB 121

Days after Gensler leaves, SEC rescinds controversial crypto accounting guidance SAB 121

The U.S. Securities and Exchange Commission has revoked controversial crypto accounting guidance following upheaval from lawmakers and the crypto industry alike. The SEC's move on Thursday marks another shakeup in the agency following former SEC Chair Gary Gensler's resignation and a potentially new…

Ethereum-based lending protocol Litquity’s newest version wants you to fork it

Ethereum-based lending protocol Litquity’s newest version wants you to fork it

Litquity, the Ethereum-based lending and borrowing protocol, has launched the second version of its app, Litquity V2, marketing lead Samrat Lekhak told The Block in an interview. Unlike existing lending platforms, which typically set rates through protocol governance or supply-demand dynamics, Liqui…

Bitcoin’s current trajectory mirrors midpoint of 2015-2018 cycle, suggesting ongoing growth: Glassnode

Bitcoin’s current trajectory mirrors midpoint of 2015-2018 cycle, suggesting ongoing growth: Glassnode

Bitcoin’s current price trajectory closely mirrors patterns from previous market cycles, particularly the 2015-2018 cycle, according to data from Glassnode. Glassnode’s analysis of historical bitcoin market data highlights significant growth during earlier cycles. The first cycle, which began with t…