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In a powerful address on Capitol Hill today, Senator Cynthia Lummis made her stance clear: the United States is out of time—and out of traditional options. “The BITCOIN Act is the only solution to our nation’s $36T debt,” she said, while mentioning she has President Donald Trump’s support for her initiative. “I’m grateful for a forward-thinking president who not only recognizes this, but acts on it.”  If enacted into law, the BITCOIN Act would see the U.S. purchase 200,000 bitcoin per year for five years—creating a 1,000,000 BTC reserve held for at least two decades.  JUST IN: 🇺🇸 Senator Cynthia…

Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.The Digital Assets Strategic Reserve bill, which would have permitted Arizona to invest seized funds into Bitcoin (BTC) and create a reserve managed by state officials, was formally struck down on Friday, according to an update on the Arizona State Legislature’s website.“Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes…

Tensor, a Solana-centric NFT trading platform, has raised $3 million in a seed round led by Placeholder, the team exclusively shared with TechCrunch. The startup was co-founded by Ilja Moisejevs and Richard Wu, bringing a collective 10 years of experience in working on trading infrastructure and data-intensive systems. Until this point, Tensor was bootstrapped off about $60,000-$70,000 in prize money from winning two Solana hackathons in 2022, Moisejevs shared. “We’re essentially trying to define the next meta for Solana NFTs,” Wu said. “A lot of things that have been done on Solana are carbon copies of Ethereum and we think…

BitMEX co-founder Arthur Hayes says the United States is unlikely to add more Bitcoin to its reserves beyond what it has already seized due to the country’s high debt levels and the stereotype behind “Bitcoin bros.”“I’m not really into the whole Strategic Reserve situation,” Hayes said in a May 1 interview.Hayes doubts print money plans for Bitcoin“The United States is a deficit country; the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin,” he said.Arthur Hayes spoke to Kyle Chasse on his crypto interview series. Source: Kyle ChasseHayes…

Tekin Salimi, founder of Dao5, reported that the VC company’s second fund was concentrated in 15 limited partners, including family offices and notable individuals. He assessed that the previous fund’s success influenced the level of participation in this one. Crypto Firm Dao5 Swims Against the Current: Closes $222M Fund Even with the reported problems that […]

March 18, 2024 update: The Dencun network upgrade successfully activated on the Ethereum mainnet on March 13, 2024. As per the original wording of this announcement, this would imply an April 13, 2024 sunset date for the Goerli testnet. That said, as of this writing, nearly all Goerli validators, which were run altruistically by various community members, have already been shut down. Goerli users & developers should therefore migrate to Sepolia or Holesky as soon as possible. In the coming months, Goerli, Ethereum’s first multi-client testnet, will stop being supported by client and EF testing teams. The Dencun network upgrade…

The Ethereum (ETH)-based layer-2 project Movement (MOVE) cratered to an all-time low on Thursday after Coinbase announced it would axe trading support for the asset on May 15th. Coinbase didn’t articulate a specific reason for the delisting, but the decision materialized a few weeks after Movement became embroiled in a controversy on another top crypto exchange. In late March, Binance banned and froze the assets of a market maker that operated for Movement. The layer-2 project’s native token launched via Binance’s Airdrops Portal in December, but Binance said that after MOVE was listed, the unnamed market maker sold approximately 66…

BitMEX co-founder Arthur Hayes says the United States is unlikely to add more Bitcoin to its reserves beyond what it has already seized due to the country’s high debt levels and the stereotype behind “Bitcoin bros.”“I’m not really into the whole Strategic Reserve situation,” Hayes said in a May 1 interview.Hayes doubts print money plans for Bitcoin“The United States is a deficit country; the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin,” he said.Arthur Hayes spoke to Kyle Chasse on his crypto interview series. Source: Kyle ChasseHayes…

The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March.Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end of February, before the “Liberation Day” tariffs announcement in the US, bolstering analyst predictions for a rally driven by “structural” institutional and exchange-traded fund (ETF) inflows into the world’s first cryptocurrency.Risk appetite continued rising among crypto investors, as Chinese state-linked news outlets indicated that the Trump administration has quietly contacted Beijing to discuss tariff reductions.Total crypto…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum has been holding steady above the $1,800 level despite multiple failed attempts to break higher. The current price action signals a potential shift, with volatility compressing and momentum building for a major move in either direction. After months…