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.
Trump's Treasury Pick Scott Bessent Confirmed in Historic Senate Vote
Scott Bessent, a veteran hedge fund manager, becomes the first openly gay Cabinet member in a Republican administration after Senate confirmation. The new Treasury Secretary outlines ambitious economic goals while facing key challenges around debt, taxes and international relations.
Historic Confirmation: Bitcoin-Friendly Bessent Named Treasury Secretary
Scott Bessent secures Senate confirmation as the first openly gay U.S. Treasury Secretary with bipartisan support despite tax concerns. The former hedge fund manager faces critical challenges including Trump's expiring tax cuts, debt ceiling management, and ambitious trade policies.
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.
Government's Bitcoin Sales Cost Taxpayers $18.5 Billion in Lost Value
Senator Cynthia Lummis investigates U.S. Marshals Service's controversial practice of selling seized Bitcoin assets, revealing $18.5 billion in unrealized losses. The investigation focuses on the Silk Road case and questions federal cryptocurrency management policies that may have disadvantaged American taxpayers.
Treasury Yields Pressure Bitcoin Below $97,000 as Economic Data Impacts Risk Assets
Bitcoin retreated from its $102,000 peak as strong U.S. services sector data pushed Treasury yields higher, dampening appetite for risk assets. The leading cryptocurrency's sensitivity to economic indicators and Fed policy continues to influence market dynamics, despite optimism around institutional adoption.
Tether's $5 Billion Profit and Political Boost Signal Strong 2025 Outlook
Cryptocurrency giant Tether enters 2025 with record $5 billion profits and potential support from Commerce Secretary nominee Howard Lutnick. Despite regulatory scrutiny, the company expands beyond stablecoins into trade financing while managing $137 billion in USDT tokens.
Global Powers Embrace Bitcoin as National Reserve Asset in Historic Shift
Major nations including the US, Switzerland, and others are making unprecedented moves to incorporate Bitcoin into their strategic reserve assets. This transformative shift in global monetary policy reflects Bitcoin's growing role as a hedge against inflation and tool for financial independence.
Global Nations Expected to Add Bitcoin to Strategic Reserves in 2025, Franklin Templeton Predicts
Investment giant Franklin Templeton forecasts widespread national adoption of Bitcoin as reserve currency in 2025, backed by surging institutional interest and U.S. Bitcoin ETFs managing $110 billion. With 13 states developing Bitcoin reserve legislation and ambitious price projections ranging from $175,000 to $350,000, this shift could reshape global financial systems.
IRS Extends Crypto Tax Reporting Rules to 2026, Offering Relief to Exchanges and Investors
The IRS has announced an extension of cryptocurrency tax reporting requirements through 2026, giving exchanges and taxpayers more time to adapt. The update includes flexibility in cost-basis calculation methods for 2025 and new rules for both CeFi and DeFi brokers.