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Michael Saylor’s pitch to integrate Bitcoin reserves into regulated banking Michael Saylor, executive chair of Strategy, has suggested that national governments consider developing a novel type of financial system: regulated digital banking platforms backed by Bitcoin reserves and tokenized credit tools.These comments, shared during Saylor’s keynote at the Bitcoin MENA conference in Abu Dhabi, align with his broader view that digital assets could be integrated into mainstream financial frameworks.Saylor’s proposal comes as Strategy continues to expand its Bitcoin holdings, including a recent purchase of 10,624 Bitcoin (BTC) valued at about $962.7 million. The firm now holds 660,624 BTC, a position…

Trader sentiment toward XRP has been shifting into bullish territory on social media this week, according to market intelligence platform Santiment, and at the same time, the streak of inflows into the token’s exchange-traded funds has continued.Retail traders are staying optimistic toward XRP (XRP) as it hovers around the $2 mark, with the week recording the seventh highest number of bullish comments for the year, Santiment said on Friday, citing data from its analytics platform Sanbase, which monitors social interest across cryptocurrency social channels, including Telegram, Discord, subreddits, and X.“XRP’s bulls and bears continue to battle, and the asset is…

Venezuelans are already heavily reliant on blockchain technology for banking after suffering through a decade of economic pressures; however, usage is likely to keep growing if conditions worsen in the South American country, blockchain intelligence firm TRM Labs says.As regional and geopolitical tensions continue to rise, driven in part by US-Venezuela tensions, causing macroeconomic instability and the bolívar’s continued devaluation, the TRM Labs team predicted in a report on Thursday that demand for stablecoins as both a store of value and a medium of exchange will rise. At the same time, regulatory ambiguity and continued uncertainty surrounding the country’s crypto…

Gold prices hit a seven-week high on Friday due to a soft dollar and rising safe-haven demand.Meanwhile, silver continued to hit record highs as the price inched up to $64 per ounce for the first time ever.Oil prices were largely flat after spending most of the day in the red on concerns over a supply glut and a potential Russia-Ukraine peace deal.Copper prices have continued their record-breaking ascent.Following the Federal Reserve’s interest rate cut, the price saw a significant rise on Thursday, reaching nearly $12,000 per ton this morning.This new high puts the current price of copper 36% above where…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum was one of the best-performing cryptocurrencies in the market over the past week, with its price jumping mid-week to as high as $3,400. Interestingly, the “king of altcoins” is now barely hanging on to the psychological $3,000 price level. On Friday, December 12, the crypto market felt a wave of bearish pressure, with most large-cap assets witnessing significant price corrections on the day. According to the latest on-chain data, the Ethereum market appears to be experiencing heavy selling pressure. Ethereum Taker Volume Sees Notable Spike In…

The United States Securities and Exchange Commission (SEC) published a crypto wallet and custody guide investor bulletin on Friday, outlining best practices and common risks of different forms of crypto storage for the investing public.The SEC’s bulletin lists the benefits and risks of different methods of crypto custody, including self-custody versus allowing a third-party to hold digital assets on behalf of the investor.If investors choose third-party custody, they should understand the custodian’s policies, including whether it “rehypothecates” the assets held in custody by lending them out or if the service provider is commingling client assets in a single pool instead…

Ethereum spot ETFs recorded $19.41 million in net outflows on December 12 as ETH price stalled near the $3,000 level. Summary Ethereum ETFs posted $19.41M in net outflows on December 12 amid mixed fund activity. BlackRock ETHA saw inflows, but Grayscale and Fidelity outflows dragged totals lower. Analysts flag bullish ETH setup despite short-term weakness near $3,000 support. BlackRock’s ETHA attracted $23.25 million in inflows while Grayscale’s ETHE and ETH funds posted combined withdrawals of $36.52 million. Ethereum (ETH) traded at $3,157 with a 24-hour range of $3,054.43 to $3,261.13. The token has dropped 5.4% over the past 24 hours…

US Commodity Futures Trading Commission Acting Chairman Caroline Pham has scrapped “outdated guidance” on the delivery of crypto, which has been applauded for offering exchanges more flexibility.“Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the Administration has set out to do this year,” Pham said on Thursday.The guidance, originally finalized in March 2020, related to when the “actual delivery” of crypto happened in a commodity transaction, but the CFTC said in a notice that it had to “reevaluate such guidance in light of further developments during the past 5 years.”The CFTC…

According to South Korean broadcaster KBS, Binance froze only a portion of funds that police said were linked to a Nov. 27 hack of crypto exchange Upbit, one of South Korea’s largest exchanges.KBS reported Friday that investigators requested Binance freeze about 470 million Korean won ($370,000) in Solana (SOL) tokens believed to be associated with the incident. The exchange ultimately blocked about $55,000 (roughly 17% of the requested amount) after a 15-hour delay. According to the report, Binance cited a need for additional verification when responding to the police request.As a result of the hack, Upbit suffered unauthorized withdrawals of…

The United Arab Emirates is not choosing between Bitcoin and broader crypto. Instead, it is deliberately building both, in different cities and for different stages of adoption.Abu Dhabi, the capital of the UAE, has positioned itself as a hub for Bitcoin (BTC)-focused institutional infrastructure, emphasizing custody, over-the-counter (OTC) liquidity, mining and regulated capital markets. Dubai, by contrast, has built a broader crypto economy that spans payments, stablecoins, Web3 apps, gaming, tokenization and consumer-facing products. While this shows a distinction, industry participants noted that it reflects a layered strategy and not fragmentation. “The two approaches are complementary,” said Gregg Davis, producer of…