Tether Sell Bitcoin: JPMorgan warns that new US stablecoin regulations could force Tether to offload non-compliant assets, including Bitcoin.
Tether, the biggest stablecoin issuer, might be forced to sell some of its Bitcoin holdings to follow new US regulations, says JPMorgan analysts. The US has proposed two laws, the STABLE Act and the GENIUS Act to set stricter rules for stablecoin issuers.
Tether (CRYPTO: USDT) may have to restructure asset reserves, potentially forcing the company to sell some of its holdings, including Bitcoin (CRYPTO: BTC), according to JPMorgan analysts. What Happened: This move, should it occur, could ripple through the cryptocurrency market, altering established dynamics, The Block reported.
A total of 20 US states are pushing for Bitcoin reserves, with some bills already making traction. If these bills pass, it could result in the purchase of $23 billion worth of Bitcoin, creating strong demand. This may also encourage state pension funds to invest in BTC, putting even more pressure on supply.
The Bitcoin market continues to see a lot of sideways action, as we are waiting for the next fundamental reason for the market to rally.
Even as bitcoin and cryptocurrency become increasingly prevalent, corporate America has largely stayed away from adding digital assets to balance sheets that collectively hold between $3 trillion to $4 trillion in cash and cash equivalents.
Metaplanet, a Japan-listed company, has successfully raised ¥4 billion ($26.32 million) by issuing bonds with 0% interest, a strategic move that has gained attention in the cryptocurrency world. Initially, Metaplanet had planned to use the funds to purchase additional Bitcoin.
Binance's former CEO CZ is considering launching a meme coin based on his dog, sparking speculation and potentially boosting activity on the BNB Chain. The post CZ Hints at Meme Coin Based on His Dog, Teases BNB Chain Involvement appeared first on Cryptonews.
Texas state lawmakers have reintroduced a bill aimed at establishing a Strategic Bitcoin Reserve, now designated as SB 21, which allows for investments in additional crypto.
Bitcoin to see price drops in the short-term, but holder behavior could turn things around.
BNB has staged an impressive comeback, surging 40% after hitting a five-month low on February 3. The coin now trades at $698.40, adding 10% to its value over the past day.
Bitcoin is showing signs of recovery after a brief dip, but one major move could fuel a full-blown bull run. With the US considering a Strategic Bitcoin Reserve, the market dynamics could shift significantly.
Bitcoin (BTC) continues to make lower high after lower high. When can we expect a decent bounce?
In a recent incident in Malaysia, an illegal Bitcoin mining operation caused an explosion at an uninhabited house in the city of Puncak Alam, located in the Kuala Selangor District. The blast, which was reported to be caused by the excessive electricity usage of the Bitcoin mining rigs, raised alarm among local authorities.
U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions.
Bitcoin and ethereum have diverged in recent months, with the bitcoin price soaring as ethereum struggles
Bitcoin and the broader crypto markets faced a jolt on January 12 after the latest US Consumer Price Index (CPI) data came in hotter than expected. The shock sent Bitcoin briefly downward before bouncing back, spurring a range of reactions among traders and analysts.
Bitcoin's whale activity is at a multi-year high, influencing market trends. Key metrics signal a pivotal moment for BTC's next move.
On February 12, bitcoin ETFs experienced a third consecutive day of outflows, losing $251 million due to significant withdrawals from FBTC and ARKB. Bitcoin ETFs Extend Outflow Streak Bitcoin and ether exchange-traded funds (ETFs) faced significant withdrawals on Wednesday, Feb. 12. Bitcoin ETFs recorded their third consecutive day of outflows, totaling $251.03 million.
Tether, the issuer of the leading stablecoin USDT and one of the largest Bitcoin (BTC) holders, could now be forced to dump part of its BTC reserves, according to JPMorgan analysts. This raises questions on potential market impacts for both Bitcoin and USDT in 2025.
On-chain data shows that most altcoins led by Ethereum and XRP have recorded network growth as Bitcoin traders capitulate.
The move comes as bitcoin has stuttered around $96,000.
Texas lawmaker filed a new strategic Bitcoin reserve bill. The new SB 21 bill gives more control to financial experts.
Bitcoin's bull run faces uncertainty as Fed Chair Powell reinforces QT, delaying liquidity shifts. BTC dominance holds, but macro trends loom.
US-based investment management firm ARK Invest's CEO, Cathie Wood, predicts that Bitcoin (BTC) is on track to reach $1.5 million by 2030. In a recent YouTube video, Wood stated that despite the market's temporary pullback, the odds of BTC hitting this ambitious price target have increased.
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Bitcoin continues to trade in a range that it has set since mid-November.
TL;DR Strategic Reserve Proposal: Several U.S. states are considering a strategic Bitcoin reserve, potentially investing up to $23 billion in Bitcoin to diversify portfolios and hedge against inflation. State-Level Legislation: Arizona, Utah, and Illinois are leading the charge with approved or proposed legislation allowing significant public fund investments in digital assets like Bitcoin.
Bitcoin (BTC) to $1 million? Sounds wild, but Samson Mow has mapped out six ways it could happen.
The Japanese firm raised $25.9M via zero-interest bonds to expand its Bitcoin holdings, aiming for 21,000 BTC by 2026.
BNB Chain introduces an ongoing AI hackathon, encouraging innovation in AI and blockchain. Participants can benefit from prizes, mentorship, and exposure, promoting AI adoption on the blockchain.
Riot Platforms is exploring AI and HPC partnerships to diversify revenue streams amid declining Bitcoin transactions, appointing new board members with expertise in relevant fields. The post Riot Platforms Explores AI Revenue Amid Bitcoin Transaction Slump appeared first on Cryptonews.
Momentum for a Fed audit is building, driven by social media support for Ron Paul to spearhead the effort and an endorsement from Elon Musk.
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BNB surged 22.2% in a week, outperforming the broader crypto market, while SOL's decline reflects growing market volatility among altcoins.
"Whatever Bitcoin does tomorrow, most altcoins will simply follow that," one popular analyst assumed.
The Japanese company is rising from its ashes thanks to the new strategy focused exclusively on BTC.
The changes come amid the Bitcoin miner's continued evaluation of AI and high-performance computing use cases.
From the beaches of El Zonte, the city emerges among the mountains with 150 businesses that accept BTC payments.
According to the latest data from the analysis platform Santiment, XRP is experiencing significant growth in its network, marked by a notable increase in the number of active wallets. This positive trend sharply contrasts with the situation of Bitcoin, which has lost over 277,240 active wallets in the past three weeks.
An illegal Bitcoin mining operation was discovered in a house in Malaysia, adding to the toll on the country's power grid and contributing to the trend in electricity theft driven by illicit crypto mining activities. On Feb.
Binance Coin (BNB) rallied above $700 and moved ahead of Solana (SOL) after a revival of the Binance Smart Chain ecosystem, complete with new meme token launches.
Here's how U.S. state-led BTC reserve bills could impact BTC markets
The SPDR S&P 500 ETF Trust (NYSE:SPY) is the world's largest and arguably the most popular exchange-traded fund, with a whopping $630 billion in assets under management. What happened: Launched in Jan. 1993, the SPY was also the first ETF to list on U.S.-based exchanges.
Amid today's market retrace, BNB is leading the market with a 9% surge and surpassed Solana after flipping the cryptocurrency's market cap. Some analysts suggest BNB's breakout could attempt to reclaim the $700 level and target new highs.
After a significant rally in January, the Cardano price troubles have increased, as the token is becoming the victim of volatility. This altcoin was among the bullish cryptos at the time, hitting an ATH at $3.10, but is struggling to move past $1 these days.
The Israeli Securities Authority (ISA) approved six Bitcoin ($BTC) mutual funds, managed by local firms Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. $BTC mutual funds are different from exchange-traded funds (ETFs) launched in the US in 2024.
BNB Chain has unveiled a series of major upgrades set for 2025, aiming to significantly enhance transaction speed, reduce costs, and introduce AI-driven features. The post BNB Overtakes Solana to Become 5th Largest Crypto as BNB Chain Unveils 2025 Upgrades appeared first on Cryptonews.