Bitcoin Rallies to $105,000 as Fed Chair Powell Signals Support for Crypto Banking
Bitcoin surged 4.5% following the Federal Reserve's decision to maintain interest rates, reaching $105,000. The rally was amplified by Fed Chair Powell's unexpected pro-crypto comments supporting banks serving cryptocurrency customers, marking a significant shift in regulatory stance.
UK Government Weighs $6.27B Bitcoin Sale from Seized Criminal Assets
The UK Treasury is contemplating the sale of $6.27 billion worth of seized Bitcoin to address national debt, following Germany's precedent. The cryptocurrency assets, mainly confiscated from money launderer Jian Wen, could provide significant financial relief if liquidated.
SEC's Ripple Case Takes New Turn as Bitcoin Surges Past $100K
The cryptocurrency world watches closely as Ripple-related litigation information vanishes from the SEC website, sparking speculation about potential appeal withdrawal. The development coincides with a crucial closed SEC meeting and comes as XRP maintains stability at $3.05 while Bitcoin trades above $100K.
Nuvve to Invest 30% of Cash Reserves in Bitcoin as Part of Treasury Strategy
Leading vehicle-to-grid technology company Nuvve Holding Corp. plans to allocate up to 30% of excess cash to Bitcoin investments. The Nasdaq-listed firm will also integrate Bitcoin payments while maintaining focus on its core electric vehicle infrastructure business.
DeepSeek's AI Breakthrough Triggers Bitcoin Mining Stock Selloff
Chinese AI startup DeepSeek's revolutionary cost-efficient R1 model sparks market concerns about data center valuations and mining operations. The ability to run advanced AI at a fraction of traditional costs has led to sharp declines in crypto mining stocks and energy companies.
AI Startup's Success Triggers Crypto Market Downturn Amid Tech Sector Concerns
The cryptocurrency market saw significant losses as DeepSeek, a Chinese AI startup, unexpectedly topped App Store charts with development costs far below ChatGPT. This success sparked concerns about US tech sector valuations, leading to a broader market selloff that impacted crypto assets.
Ohio Advances Bold Bitcoin Reserve Bill with Ramaswamy's Backing
Ohio lawmakers propose groundbreaking legislation allowing up to 10% of state funds to be invested in digital assets, specifically Bitcoin. Former presidential candidate Vivek Ramaswamy endorses the initiative as Ohio positions itself at the forefront of monetary innovation.
Ross Ulbricht's Hidden Bitcoin Fortune: Over 400 BTC Discovered in Untouched Wallets
On-chain researcher Conor Grogan has identified 430 BTC worth $44 million in wallets linked to recently pardoned Silk Road founder Ross Ulbricht. While the discovery suggests a potential windfall, questions remain about Ulbricht's ability to access these long-dormant funds after his 13-year imprisonment.
Bitcoin ETF Enthusiasm Cools as Daily Inflows Drop 69% Amid Price Decline
Spot Bitcoin ETF inflows decreased significantly to $248.65 million as BTC retreated to $102,000, with BlackRock's IBIT fund being the only major gainer. Meanwhile, the SEC forms a new crypto task force that could pave the way for broader crypto ETF approvals.
Goldman Sachs CEO Dismisses Bitcoin as Dollar Challenger While Embracing Blockchain
Goldman Sachs CEO David Solomon maintains strong faith in USD dominance while dismissing Bitcoin as merely a 'speculative asset.' Despite regulatory restrictions on direct crypto involvement, the bank holds significant positions in Bitcoin investment vehicles while actively exploring blockchain technology.