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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.
- 10:01DWF Labs Announces Becoming Market Maker for JST TokenAccording to official news, DWF Labs has announced a collaboration with JUST DAO to invigorate the JST market. As a market maker for JST, DWF Labs will aid in the comprehensive upgrade of the JUST ecosystem.
- 09:20Circle Receives In-Principle Approval from Abu Dhabi Regulator to Operate as a Money Services ProviderApril 29 news, according to TheBlock, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted in-principle approval to stablecoin issuer Circle, allowing it to operate as a money services provider. This move follows Circle's establishment of a new legal entity within ADGM in December 2024, aimed at expanding its global business presence in the Middle East and Africa regions.
- 09:20Standard Chartered: Three Reasons BTC May Be in a New Rally and Hit New Highs This QuarterStandard Chartered analyst Geoff Kendrick has reiterated that despite Bitcoin's decline at the beginning of this year, three major reasons will drive Bitcoin into a new rally this quarter and reach new historical highs: 1. Economic turmoil increases Bitcoin's appeal, with the shift of funds among safe-haven assets already underway. Funds are moving from gold ETFs to Bitcoin ETFs, indicating that investors are starting to view Bitcoin as a better safe-haven asset than gold. 2. Buying behaviors triggered by tariffs show that "Bitcoin whales" (investors holding more than 1,000 bitcoins) have been accumulating Bitcoin during price drops caused by tariffs. 3. More catalysts are forming, such as the increased purchase by pension funds and sovereign wealth funds. Previously, Trump has highlighted that stablecoin legislation may be introduced this summer.