Author: Benjamin Lee
President Trump just signed an executive order to evaluate the creation of a strategic national Bitcoin and crypto stockpile, as well as prevent the adoption of a Central Bank Digital Currency (CBDC) while boosting stablecoin adoption. The order, entitled “Strengthening American Leadership in Digital Financial Technology,” states the administration supports the “responsible growth” and use of digital assets and blockchain technology. The order revokes President Biden’s previous digital asset directives and creates a new working group that will coordinate and propose a unified regulatory approach to digital assets within 180 days. “The Working Group shall evaluate the potential creation and…
A popular crypto analyst thinks one top-10 altcoin is on the verge of another rally. The pseudonymous analyst known as Altcoin Sherpa tells his 240,300 followers on the social media platform X that XRP‘s next leg is loading. Source: Altcoin Sherpa/X XRP is trading at $3.17 at time of writing. The 3rd-ranked crypto asset by market cap is up more than 5% in the past week. Altcoin Sherpa also thinks Bitcoin (BTC) is loading a “god candle” that will take its price to $120,000. Source: Altcoin Sherpa/X BTC is trading at $103,254 at time of writing. The top-ranked crypto asset…
Blockchain tracking firm Lookonchain says one whale trader let slip through their hands a $180 million profit by selling a new memecoin too early. According to Lookonchain, trader “LeBron” sold more than 4.5 million Official Trump (TRUMP) at an average price of just $1 per coin before the digital asset soared to double-digits, missing out on a massive nine-figure profit. “LeBron sold 4.52 million TRUMP ($185 million) for 4.52 million USDC at an average price of $1, cashing out too early and missing a $180 million profit [at time of reporting]. [On Tuesday], he spent 2.5 million USDC to buy…
A veteran trader known for timely crypto calls says he’s leaning bullish on the native token of a modular blockchain project. Pseudonymous trader The Flow Horse tells his Telegram channel that Celestia (TIA) may be gearing up for a breakout after forming a classic bottoming pattern during the last six months. “I find TIA very interesting right now. For a few reasons: There seemed to be a major capitulation of emotions on it over the last few days, peaking during the period that [venture capitalist] Chris Burniske was the target of CT (crypto Twitter) over his position on it. Because…
Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Coinbase amid a high volume surge in the trading of memecoins launched on the SOL network. In response to one customer complaining of delays on the social media platform X, Armstrong says, “Team is working hard on scaling our Solana infra now – lots of Solana activity last few days, we were not anticipating this level of surge.” Armstrong also responds to another customer complaining they’ve been waiting two days so far for…
A new court ruling has reversed the sanctions placed on crypto mixer Tornado Cash (TORN) by the US government. According to a recent filing by the New Orleans-based U.S. Court of Appeals for the Fifth Circuit, the previous decision to place sanctions on the digital assets tumbler has been lifted. “It is ordered and Adjudged that the judgment of the District Court is reversed, and the cause is remanded to the United States Court of Appeals District Court for further proceedings in accordance with the opinion of this Court.” Tornado Cash was first sanctioned by the Treasury Department’s Office of…
New data from crypto analytics platform Arkham reveals that President Donald Trump’s decentralized finance (DeFi) platform has become a top 0.1% holder of staked Ethereum (stETH) after gobbling up tens of millions of dollars worth of ETH. In a new thread on the social media platform X, Arkham says that World Liberty Financial (WLFI) – which launched earlier this year – is staking $33 million worth of the top altcoin, making them a top 0.1% holder of stETH. The data also unveils other notable holdings of WLFI, which include $182 million worth of ETH, $55.6 million worth of the stablecoin…
A closely followed analyst believes that digital assets still have more room to run to the upside despite calls that crypto may be in the midst of carving a cycle top. Pseudonymous trader Altcoin Sherpa tells his 240,200 followers on the social media platform X that digital assets can still spark more rallies driven by the “best macro environment in years” along with a pro-crypto US government. He also highlights that Bitcoin is one strong candle away from printing a new all-time high just as nations and US states consider the possibility of establishing a strategic BTC reserve. From a…
Economist Henrik Zeberg is outlining the path forward for memecoins and the broader crypto market. Starting with the wider crypto market, Zeberg tells his 174,400 followers on the social media platform X that the total market cap of crypto assets could increase by approximately 141% from the current level. “I think it will reach a size of approximately $9 trillion before the top! Insane Bubble – but let’s ride it.” The total crypto market is at $3.73 trillion at time of writing. Based on Zeberg’s chart, it appears he’s suggesting that the total crypto market cap is in a rising…
Deep-pocketed digital asset investors are gobbling up massive amounts of the leading meme token Dogecoin (DOGE). Trader Ali Martinez tells his 116,800 followers on the social media platform X that while retail investors are getting distracted by the recently launched Official Trump (TRUMP) memecoin, crypto whales heavily accumulated DOGE to the tune of $640.5 million in just two days. “While everyone focuses on TRUMP, whales bought 1.83 billion Dogecoin DOGE in [48 hours!]” Source: Ali Martinez/X At time of writing, DOGE is trading for $0.35. Looking at TRUMP itself, Martinez predicts that the memecoin will surge above $50 if it…