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World Liberty Financial, associated with Donald Trump, plans to create a strategic reserve of cryptocurrencies, reflecting the organization's expanding footprint in the digital finance sector.
Dave Portnoy sparks controversy with meme coin trades and promotion, accused of profiting off followers with pump-and-dump schemes.
The proposal follows similar legislative moves by other U.S. states exploring Bitcoin adoption in their financial reserves.
Quick Take The prices of various cryptocurrencies have dipped after President Trump told reporters that he plans to implement new 25% tariffs on steel and aluminum next week. The price of Bitcoin, which briefly surpassed $100,000 on Friday, has slid to around $95,000, with Ethereum down 3.5% in the past 24 hours. The price action comes shortly ahead of Super Bowl LIX, expected to be the most-watched telecast of the year.
- 2025/04/25 23:54Trump: Talks with Russia and Ukraine Progressing SmoothlyU.S. President Trump stated that talks with Russia and Ukraine are progressing smoothly, and that Russia and Ukraine are very close to reaching an agreement.
- 2025/04/25 23:53The Central Bank of Russia Updates Digital Ruble Roadmap, Plans to Launch in 2026According to Bitcoin.com, central bank digital currency (CBDC) is set to be fully integrated into the lives of Russian citizens. The Central Bank of Russia has updated the roadmap for the implementation of the digital ruble. The Central Bank of Russia is preparing for the large-scale digitization of the payment system. Deputy Minister of Finance of the Russian Federation Anna Kartamazova stated that the digital ruble payment network is planned to be launched in 2026, at which time citizens will be able to use this payment tool through digital wallets on the platform of the Central Bank of Russia.
- 2025/04/25 23:53Swiss Central Bank Governor Once Again Rejects Calls to Increase Bitcoin Holdings, Says It "Does Not Meet High Standards for Reserve Currency"Swiss Central Bank Governor Martin Schlegel said on Friday, "The market liquidity of cryptocurrencies can be questioned during times of crisis, and their high volatility is a significant risk for long-term value preservation. In short, it can be said that cryptocurrencies currently do not meet our high requirements for a reserve currency." He made this statement in response to the proposal from the advocacy organization Bitcoin Initiative, which argued that if 1% of the 2015 investment portfolio had been allocated to Bitcoin, the Swiss Central Bank's overall returns would have almost doubled, with only a slight increase in volatility.