Banks Push Back Against Stablecoin Legislation Amid Market Share Concerns
The banking sector and its supporters in the US Senate are mounting resistance against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, fearing that stablecoins could bypass traditional banks and cut into their market dominance. As reported by American Banker, the bill requires a 60-vote majority to pass the Senate, meaning at […]
EU Tariffs Add to Market Uncertainty, Bitcoin Faces Potential Drop Below $75K
The European Union’s latest wave of retaliatory tariffs has heightened economic uncertainty, leading crypto analysts to predict increased volatility for Bitcoin, which could dip below the crucial $75,000 support level. The EU announced on March 12 that it will implement counter-tariffs on $28 billion (26 billion euros) worth of US goods starting in April. This […]
Senator Lummis’ BITCOIN Act Could Expand US Reserve Beyond 1 Million BTC
A recently reintroduced bill by US Senator Cynthia Lummis, known as the BITCOIN Act, could enable the federal government to accumulate more than 1 million Bitcoin as part of a newly established strategic reserve. Originally introduced in July, the bill mandates that the government acquire 200,000 BTC annually for five years, ultimately reaching 1 million […]
XRP ETF: Funds Awaiting SEC Approval
The race for an XRP exchange-traded fund (ETF) in the United States is heating up, with Franklin Templeton becoming the latest asset manager to enter the competition. The firm recently submitted a filing for a spot XRP ETF, joining several other financial institutions eager to launch similar products. Franklin Templeton’s XRP ETF Filing Franklin Templeton’s […]
Trump’s Crypto Stance Could Undermine Europe’s Financial Stability, Warns Top EU Official
European financial authorities are voicing concerns over former U.S. President Donald Trump’s support for cryptocurrencies, fearing its potential impact on the eurozone’s economic sovereignty and stability. “The U.S. administration is increasingly embracing digital assets, particularly dollar-backed stablecoins, which raises important concerns for Europe,” stated Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), during […]
Trump May Be Manipulating Markets to Force Interest Rate Cuts
The Trump administration could be deliberately fueling uncertainty in the stock market to pressure Federal Reserve Chair Jerome Powell into reducing interest rates, according to a financial analyst. This tactic might help the U.S. government avoid refinancing approximately $7 trillion in national debt over the coming months, Bitcoin analyst Anthony Pompliano suggested in a March […]
Ethereum Faces Potential Drop to $1,800 Amid ETF Outflows and Trade Concerns
Ether is facing challenges in reversing its nearly three-month-long downtrend as macroeconomic uncertainties and ongoing selling pressure from U.S.-based Ether exchange-traded funds (ETFs) continue to dampen investor confidence. Ethereum’s Downward Trajectory The price of Ether (ETH) has dropped by over 53% since its peak above $4,100 on December 16, 2024, according to TradingView data. This […]
Elon Musk Reports ‘Major Cyberattack’ Targeting X
The social media platform X recently experienced a significant cyberattack that disrupted access for some users, according to platform owner Elon Musk, who confirmed the incident on March 10. “We face cyberattacks daily, but this one was exceptionally large-scale and well-coordinated. It likely involved either a powerful collective or possibly a state actor,” Musk stated. […]
Bitcoin Approaches $78K as Wall Street Sell-Off Intensifies
Bitcoin (BTC) found itself under renewed pressure on March 10, edging closer to its lowest levels in several months as selling momentum picked up with the opening of Wall Street trading. BTC Price Slides Towards Four-Month Lows Data from TradingView revealed that BTC/USD dropped approximately 4% on the day, touching $79,170 on Bitstamp. Market weakness […]
European Lawmakers Remain Quiet on US Bitcoin Reserve as Digital Euro Advances
European officials have yet to respond publicly to the recent establishment of a US Strategic Bitcoin Reserve, a policy shift that benefits early Bitcoin adopters due to its inherent economic model. On March 7, US President Donald Trump issued an executive order mandating the creation of a Bitcoin reserve. Instead of purchasing Bitcoin from the […]