Category: Cryptocurrency News

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In his latest essay entitled “The Genie,” crypto entrepreneur and former BitMEX CEO Arthur Hayes denounced calls for a United States Bitcoin Strategic Reserve (BSR), warning that such a program would create “unnecessary pain in under two years” and transform the world’s largest cryptocurrency into a potent political weapon. Hayes also cautioned the industry against pursuing what he deems to be an overcomplicated “Frankenstein crypto regulatory bill,” which, he argues, would primarily benefit large centralized institutions rather than foster true decentralization. A “Terrible Idea” For Bitcoin? Hayes questions both the feasibility and the long-term consequences of establishing a national Bitcoin stockpile. He argues the US government would be motivated by politics rather than sound financial strategy, potentially leading to manipulation of the Bitcoin market. In his view, a BSR risks becoming a mechanism for politicians to raise funds for unrelated agendas: “Let’s assume that Trump is able to create a BSR. The government buys one million Bitcoin, as suggested by US Senator Lummis. Boom! The price goes nuts. Then, the buying concludes, and the up-only trend channel stops.” Related Reading: Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028 Hayes envisions a subsequent administration—one hostile to Bitcoin or crypto in general—deciding to liquidate this enormous reserve. “What if [the Democrats] got a veto-proof majority in the House of Representatives? By 2028, what if a Democrat won the election … finding easy piles of cash to spend on goodies for their supporters is the first directive. There are one million Bitcoin just sitting there, ready to be sold… The market would rightly fear when and how these Bitcoin would be sold.” Another of Hayes’ key contentions is that regulation shaped by special interests could inadvertently stifle the very innovation it aims to promote. According to Hayes, large exchanges and financial intermediaries with the resources to influence lawmakers are more likely to drive regulatory outcomes. This, he suggests, will burden smaller innovators and strengthen the position of major centralized players: “The crypto regulatory wishes likely to be granted… will be in the form of overly complicated, prescriptive rules that only large and wealthy centralized companies can afford… Is that what the broader crypto community actually desired from the genie? … Maybe those readers who are shareholders of Coinbase and BlackRock want a Frankenstein crypto bill. But I believe this type of regulation does nothing to alter the status quo.” An Alternative Proposal Rather than a BSR, Hayes proposes a more radical and complex financial arrangement involving the US Treasury, Bitcoin, and “century bonds” (100-year zero-coupon bonds). His idea is for the US to unilaterally devalue its existing Treasury obligations by announcing that Bitcoin will replace sovereign debt as the neutral global reserve asset. Related Reading: Why Bitcoin Wins No Matter The Outcome Of Trump’s Trade War The plan, in his own words, would involve a public statement from US Treasury Secretary Scott Bessent, declaring the intention to use Bitcoin as the reserve asset while retaining the US dollar as the invoicing currency. Afterward, the Dollar would undergo a progressive devaluation, with the US Treasury bidding for Bitcoin at increasingly higher prices while issuing century bonds instead of immediate cash payouts. The next step would be extending the maturity of Treasury debt, with the Treasury selling Bitcoin at a profit to buy back and retire shorter-term obligations, ultimately pushing US debt maturity to 100 years. Additionally, global USD adoption would be accelerated through stablecoin transfers on social media platforms like Facebook and X, enabling everyday users to participate in US bond markets—bypassing conventional banking intermediaries. “That’s it for the financial history… The additional new goal is to make Bitcoin the global neutral reserve currency,” Hayes explains. He believes such a strategy could restore US hegemony by transitioning from the traditional “petrodollar” or “Treasury-based” system to one anchored in Bitcoin, all while ensuring large swaths of Bitcoin’s mining operations remain within US borders. In a more cautionary afterword, Hayes highlights that crypto voters played a notable role in returning Donald Trump and the Republican Party to power. Yet he stresses the slow pace of action on crypto issues, contrasting it with the administration’s rapid implementation of tariffs and rollbacks of environmental, social, and governance (ESG) mandates. “When Trump wants to act, he acts… The removal of ESG and DEI policies… came swiftly… That’s a shame because on the margin, the crypto single-issue voter put [the Republicans] in power.” He also reiterates his forecast that Bitcoin could see a sharp correction to a range of $70,000 to $75,000 before rallying higher in the long-term —if there is no immediate, concrete legislation favoring permissionless innovation or further monetary stimulus. For now, Hayes urges those “lining up day after day dressed in a seersucker suit or block heels and a summer dress hoping to ask the orange genie for a wish” to think carefully: “Stacking sats is my game, and I hope yours is too. Therefore, if you find yourself at the genie’s table… please wish for the right things.” At press time, BTC traded at $98,190. Featured image created with DALL.E, chart from TradingView.com

Gold prices have broken records once again, inching closer to the $3,000 key level. This phenomenon has been accompanied by an unusual movement of physical gold to COMEX vaults, as investors cling to tangible assets amidst the current geopolitical backdrop. Gold Keeps Shining, Breaks All-Time High Prices Once Again Gold has proven again that is […]

Canada’s equities regulator has excluded crypto funds from reduced margin eligibility, citing volatility, liquidity risks and regulatory concerns, making leveraged trading more expensive.

Standard Chartered envisions a $200K target for Bitcoin by the year’s end. Their analysis suggests that $BTC’s volatility is going to reduce massively now that the US ETF market matures and turns one year old. Another reason the banking group is bullish on Bitcoin is the improving ease of access to $BTC under the pro-crypto Trump regime. Bitcoin is quickly becoming a corporate golden goose, with the likes of Michael Saylor racing to own as much Bitcoin as possible. Even better, Standard Chartered believes that Trump’s stay in the White House could be a very merry one for crypto right till the very end, as it predicts $BTC could surge past $500K by 2028. It’s worth noting that there are three key pillars supporting Bitcoin’s (and crypto’s) ascension, including its rising popularity among corporations: The SAB21’s reversal, meaning regulated financial institutions can now offer crypto custody services. FASB’s revolutionary accounting changes, which allow companies with Bitcoin holdings to show appreciation in their earning reports. The proposed Bitcoin Act 2024, which plans to grant $BTC an official place in the US’s financial policy. With Bitcoin looking stronger than ever, now’s the time to put the foot on the pedal and invest in some of the best meme coins, such as the ones we’ve handpicked for you in this guide. 1. Solaxy ($SOLX) – Layer 2 Solution Breathes New Life Into Solana Solana ($SOL) will most likely follow $BTC’s growth trajectory and capture highs of $300 in 2025, making it the next big thing in crypto. Moreover, the network also recently beat Ethereum in monthly revenue. All in all, there’s hardly a crypto better than Solaxy ($SOLX), Solana’s star player and first-ever Layer 2 solution, to get behind the upcoming crypto pump. $SOLX will polish Solana up by removing all critical flaws currently holding it back. These include beefing up its ability to cater to more users at the same time and increasing throughput. Moreover, Solaxy will do all this at a cost lower than Solana’s L1 chain. The $SOLX presale has been a massive success, to say the least. It has already raised over $18M, with both small and big players buying into its potential to be one of the best altcoins after listing.  You can get 1 $SOLX for just $0.001626. Check out our guide on how to buy it for more info. 2. Best Wallet Token ($BEST) – Native Token of the Best Wallet App Best Wallet Token ($BEST) is the proprietary cryptocurrency of the Best Wallet App, a decentralized multi-chain crypto wallet that allows you to manage all your crypto holdings in one place thanks to seamless access to 60 crypto exchanges. Best Wallet is all set to blow up and capture the non-custodial crypto wallet market. The company projects that by 2026, every 4 in 6 users will be using Best Wallet as their crypto wallet of choice. The $BEST token further cranks up Best Wallet’s utility by offering token holders early access to crypto presales, i.e., even before they’re made available to the general public. It’s not surprising that $BEST has the potential to become the next 100x cryptocurrency. Moreover, $BEST token holders will also have to pay lower transaction fees and get higher staking rewards for tokens held in the Best Wallet App. Oh, and wait till you hear this: the project’s developers also plan to integrate Solana. Lip-smacking, isn’t it? Invest in the $BEST presale now and in addition to setting yourself up for massive listing gains, you’ll also benefit from 189% staking rewards. The presale is currently ongoing and has already raised a whopping $9M. 3. MIND of Pepe ($MIND) – Leverage AI to Become a Profitable Crypto Investor MIND of Pepe ($MIND) is not only the best AI agent coin going around right now, but it’s also one of the best crypto presales with the potential to 100x your investment as $BTC potentially surges to $200K in 2025. A major reason for $MIND’s massive upside is that it combines cutting-edge AI, which is one of the fastest growing industries (an expected CAGR of 27.67%), with the crypto economy, attracting both crypto and AI enthusiasts. Essentially, MIND of Pepe is an autonomous AI agent that dives deep into all the crypto chatter on platforms like X. It then uses all that info to identify early-stage investment opportunities for its token holders. Additionally, $MIND can also double up as a cheerleader for the cryptos it suggests. By shaping conversations, the AI agent can spark new trends online, promoting cryptos and hiking their prices. You can get $MIND for just $0.0032662 per token if you get in right now – here’s how to buy it. Note that the token’s price will increase in the next 20 hours, so interested investors shouldn’t delay their purchase anymore. 4. YourTrump ($YTP) – Donald Trump’s Unofficial Meme Coin If Bitcoin wants to surge past $250-$500K, it’s certainly not going to be without Donald Trump, the biggest pro-crypto political figure, as the wind in its back. With Trump set to be very good news for crypto enthusiasts for the foreseeable future, YourTrump ($YTP), a PolitiFi crypto currently in presale, can very well follow in the footprints of tokens like $TRUMP and go through the roof. $YTP is designed in such a way that its price is directly tied to how many followers Trump has on his X profile. Trump’s follower count currently sits at a whopping $99.8M, which is why the expected listing price of the token right now is $7.2767 – over 125x of its current buying price of $0.0572. 5. Rexas Finance ($RXS) – Tokenize Real-World Assets Rexas Finance allows users to tokenize real-world assets, including real estate, gold, commodities, art, and so much more. It’s truly a coming-of-age project for the crypto industry. In addition to retail investors, crypto whales, too, have invested heavily into this one-of-a-kind project. For instance, whales gobbled up $179K and $158K worth of $RXS on January 15 and January 22, respectively.  At the time of writing, $RXS’s presale stands at a whopping $45M – only behind $WEPE as the hottest crypto presale in February 2025. Because Rexas Finance is in the last stages of its presale, its buying price of $0.20 might not look as cheap as the other crypto presales.  Still, with increasing crypto adoption across industries set to be the norm going forward, this is a project that can yield massive returns. Conclusion Overall, these are the best presales to buy to position yourself behind Bitcoin’s monumental growth to around $500K. However, while the potential to become a crypto millionaire is undoubtedly there, do not forget that the crypto market is subject to ups and downs, which is why you must exercise caution. We recommend only investing an amount you’re comfortable losing, doing your own research, and not taking our opinions and insights in this article as a substitute for financial advice.

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According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024. Adoption of Crypto for Remittances Falters in El Salvador Crypto remittances, one of the main use cases for promoting bitcoin worldwide, have failed […]

Amid the recent market shakeouts, Bitcoin (BTC) has shown strength, remaining near the crucial $100,000 barrier during its drops. While the flagship cryptocurrency is momentarily expected to continue its horizontal trajectory, some analysts forecast that BTC’s next leg up might start once it reclaims the recently lost key level. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? Bitcoin Volatility Lower Than Q1 2024 The post-election pump saw the crypto market jump to new highs, with Bitcoin leading the climb. Two months ago, the flagship cryptocurrency crossed the $100,000 barrier for the first time, hitting $108,000 in mid-December. However, the market has seen several significant shakeouts since then, which has halted investors’ sentiment. Following its December peak, the flagship crypto recorded a 14% retrace, sending its price to the lower zone of its $90,000-$108,000 post-election range. In early January, BTC recorded a similar pullback after reclaiming the $100,000, falling nearly 13% before rebounding. Mid-month, Bitcoin retraced another 10% after hitting its latest all-time high (ATH) of $109,588 but held the $100,000 mark in the following days. However, the most recent correction saw BTC fall 14% from its Friday high of $106,000 and nearly 10% in 24 hours, triggering the largest single-day of crypto liquidations. Despite these retraces, Bitcoin has bounced from the local lows and continues to move within the mid-zone of its post-election range. Market observer Daan Crypto Trades noted that BTC’s volatility has been “relatively low” in the past few weeks, especially compared to the start of 2024. The cryptocurrency saw more violent swings when Bitcoin passed the $70,000 region in March, retracing up to 20% during these corrections. Since then, Volatility has “slowly dwindled” while Bitcoin’s price has been “creeping higher this cycle.” Bitfinex analysts previously noted the cycle’s “unique” conditions that drove the diminishing trend. According to the report, mainstream recognition, institutional adoption, and increasing confidence in the sector have kept BTC’s corrections smaller than past cycles, likely to continue for the rest of the bull run. Is A Takeoff Coming Soon? As BTC’s price continues to move sideways within its range, the flagship crypto looks “much stronger” than most of the market, “still looking perfectly fine when zooming out.” Daan added that “the demand for BTC is just so much higher compared to the rest of the market, especially during times of uncertainty.” However, crypto analyst Miles Deutscher highlighted that BTC’s search interest “is still sitting way below 2021 levels, despite sitting just under $100k.” This suggests that institutions are fueling the Bitcoin bull run while it is “no longer reliant on retail mania to pump BTC prices.” Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Meanwhile, crypto analyst Jelle stated that Bitcoin is playing out similarly to Q1 2024, listing the “choppy” period, liquidity being taken out, and the Moving Average Convergence Divergence (MACD) retests as “flashing” signals again. This performance preceded the flagship crypto’s breakout to its March 2024 ATH and, if history repeats, could signal a price takeoff soon. Nonetheless, Jelle added that $100,000 remains the level to break and hold before any major price move. Featured Image from Unsplash.com, Chart from TradingView.com

I know this is random, please no hate comments. I am really just desperate and would appreciate if anyone could help me out. I am not into crypto much and have coinbase from when it did spark my interest a few years ago. I am just hoping that someone can help give me a fresh…
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