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All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly

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โžก๏ธ U.S. Lawmakers Unite for Digital Asset Regulation โžก๏ธ U.S. Senate and House lawmakers are joining forces to establish a regulatory framework for digital assets, aiming to enhance America's leadership in the industry. A new bicameral working group has been formed in Washington D.C. to drive this initiative. ๐ŸŸข Key figures in this effort include Senate Banking Committee Chairman Tim Scott (R-SC), Senate Agriculture Committee Chairman John Boozman (R-AR), House Financial Services Committee Chairman French Hill (R-AR), and House Agriculture Committee Chairman G.T. Thompson (R-PA). They announced the formation of this group alongside President Donald Trumpโ€™s White House A.I. and Crypto Czar David Sacks. Their goal is to create a unified regulatory approach that promotes domestic innovation.
The congressional working group, comprised of members of the Senate Banking Committee, House Financial Services Committee, and Senate and House Agriculture Committees, aims to build consensus around a regulatory framework for digital assets that will ensure innovation happens here in the United States, not overseas,
the Senate Committee on Banking, Housing, and Urban Affairs stated. ๐Ÿ’ก Members of the working group plan to develop policies that encourage technological advancements while protecting investors. They believe that digital assets can enhance financial access and boost economic participation. By collaborating across key congressional committees, the initiative seeks to create a cohesive strategy rather than a fragmented set of regulations that could stifle industry growth. ๐ŸŒŸ Scott highlighted the collaborative nature of this initiative and the shared commitment to improving financial accessibility. He remarked,
I love the concept that we see today โ€“ synergy with the administration, the House, and the Senate โ€“ focusing not on ourselves, but focusing on working class Americans who desperately need to reduce their prices and increase their access [to financial services.]
He emphasized that the bicameral working group will address these challenges.
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๐Ÿš€ Gen Z Leads the Charge in Crypto Adoption ๐ŸŒ The 2024 State of Crypto Report by Gemini highlights that Gen Z is at the forefront of global crypto adoption. A survey revealed that over 51% of respondents aged 18-29 have owned or currently own cryptocurrency, surpassing the general population's 35% ownership rate. ๐Ÿ“Š The report, which surveyed 6,000 adults across various countries, shows that Gen Z is the most engaged and optimistic about the future of crypto. In the U.S., 33% of Gen Z respondents are comfortable allocating at least 5% of their portfolios to crypto investments. Despite ongoing regulatory debates, only 31% of Gen Z strongly agree on the need for increased government oversight, compared to 46% of the general population. ๐Ÿ’ฐ Additionally, 48% of Gen Z see crypto as a primary income-generating investment, with 42% of U.K. Gen Z crypto owners using digital assets as a hedge against inflation. The report also notes that 48% of Gen Z respondents are more likely to invest in crypto through ETFs, outpacing the 37% average across all age groups. ๐Ÿ“ˆ Gen Z's strong engagement with cryptocurrency indicates a significant shift towards digital finance that could influence regulatory policies, investment trends, and mainstream adoption.
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๐Ÿ“ˆ Federal Reserve Maintains Interest Rates Amid Political Pressure ๐Ÿšซ Former President Donald Trump recently stated he would "demand" interest rate cuts from the U.S. Federal Reserve. However, on January 29, 2025, the Federal Open Market Committee (FOMC) decided to keep the federal funds rate unchanged, citing that "economic activity has continued to expand at a solid pace." ๐Ÿ“‰ Financial markets responded negatively, with major indices like the Nasdaq, S&P 500, NYSE, and Dow Jones Industrial Average closing in losses. In contrast, precious metals showed mixed results; silver rose by 1.4% while gold fell by 0.25% against the U.S. dollar. Interestingly, bitcoin (BTC) defied trends by jumping 2.5% after the announcement. ๐Ÿ—ฃ During the FOMC press briefing, Chair Jerome Powell avoided questions about Trump's comments, calling it "inappropriate" to discuss. He did affirm that U.S. banks are "perfectly able to serve crypto customers." Experts noted that his overall message seemed to support a firm monetary policy. ๐Ÿ“Š Bloomberg Intelligence U.S. interest rate strategists Ira Jersey and Will Hoffman commented,
The Fedโ€™s statement was somewhat hawkish relative to last month, so it isnโ€™t surprising that the knee-jerk reaction was for some modest bear flattening.
This situation highlights the Federal Reserve's careful balancing act between maintaining monetary discipline and responding to market speculation, especially following recent market turmoil linked to the artificial intelligence (AI) firm Deepseek.
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๐Ÿš€ Coinbase CEO Calls for Major Changes in Token Listing Process Amid Rapid Token Creation ๐Ÿ—ฃ Brian Armstrong, CEO of Coinbase, has emphasized the need for significant reforms in the platform's token listing process due to the unprecedented rate of token creation in the cryptocurrency sector. In a recent post on social media, he stated,
We need to rethink our listing process at Coinbase given there are ~1m tokens a week being created now, and growing. High quality problem to have, but evaluating each one by one is no longer feasible.
โš–๏ธ Armstrong pointed out the regulatory challenges associated with the current system, highlighting that the existing framework for approving individual tokens is no longer sustainable. He remarked,
Regulators need to understand that applying for approval for each one is totally infeasible at this point as well (they canโ€™t do 1m a week).
To address this issue, he proposed a shift from the current "allow list" model to a "block list" approach that would focus on excluding problematic tokens. ๐Ÿ”„ Armstrong elaborated on this proposed change, stating,
It needs to move from an allow list to a block list, and utilize customer reviews/automated scans of onchain data etc to help customers sift through.
๐Ÿ”— In addition to token evaluation, Armstrong mentioned plans to enhance the integration of decentralized exchange (DEX) technology within Coinbase. He said,
Weโ€™ll continue integrating native DEX support more deeply. Customers shouldnโ€™t need to know or care whether the trade is happening on a DEX or CEX.
This indicates Coinbase's aim to create a more seamless user experience by merging the advantages of both centralized and decentralized trading platforms. ๐Ÿ“ˆ Armstrong's statements highlight the challenges exchanges face in adapting to the rapid growth of the cryptocurrency market. He also calls for innovation and collaboration to meet regulatory and operational demands. โžก๏ธ The regulatory landscape for cryptocurrency in the U.S. is undergoing significant transformations. Recently, President Donald Trump signed an executive order titled โ€œStrengthening American Leadership in Digital Financial Technology,โ€ which aims to enhance U.S. leadership in digital assets while promoting innovation and protecting economic liberty. Simultaneously, the U.S. Securities and Exchange Commission (SEC) has established a task force to provide clearer regulatory guidance for digital assets.
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๐Ÿ‡ช๐Ÿ‡บ ECB Proposes Digital Euro To Counter Donald Trumpโ€™s Stablecoin Advancements ๐Ÿ‡บ๐Ÿ‡ธ The ECB proposes to introduce a digital euro against Donald Trump's executive order to promote dollar-backed stablecoins. ๐Ÿ‘‰ Read more
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๐Ÿšจ Lawmakers Challenge Biden's Crypto Rule: A Fight for Innovation โžก๏ธ U.S. lawmakers are opposing a Biden administration rule that reclassifies decentralized finance (DeFi) participants as "brokers," warning it could hinder cryptocurrency innovation in the U.S. and push it abroad. Senator Ted Cruz (R-Texas) and Representative Mike Carey (R-Ohio) have introduced a resolution to overturn this rule, which was finalized by the Internal Revenue Service (IRS) on December 30, 2024. โ–ถ๏ธ The controversial rule imposes strict reporting requirements on DeFi participants, which Cruz and Carey argue could burden the digital asset industry excessively. Cruz stated,
The Biden administrationโ€™s rule attempts to drive American cryptocurrency innovation overseas. This regulation undermines the purpose of defi technology: to enable individuals to freely buy, sell, and exchange digital assets.
He further emphasized,
Americaโ€™s goal should be to prioritize innovation, and this rule is the opposite.
โš–๏ธ Rep. Carey described the rule as โ€œclear overreach from the IRS,โ€ warning it could overwhelm IRS resources with new digital asset returns. He said,
We are proud to work with Senator Cruz on this important effort to avoid needlessly complicating the tax-filing process.
โœ… The resolution has gained support from various lawmakers and industry groups, including Senators Cynthia Lummis (R-Wyo.), Thom Tillis (R-N.C.), Tim Sheehy (R-Utah), and Ted Budd (R-N.C.). It is also backed by organizations like the Digital Chamber, Blockchain Association, and Defi Education Fund. Proponents argue that overturning the rule will protect the digital asset sector and promote innovation in the U.S. ๐Ÿ“ฃ This joint resolution represents a significant effort to challenge regulatory overreach, with Cruz and Carey urging for swift congressional action. While the outcome of the resolution remains uncertain, it underscores the ongoing debate over balancing regulation with technological innovation in the cryptocurrency industry.
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๐Ÿš€ Rumble's First Bitcoin Acquisition ๐Ÿ’ฐ Tether-backed video-sharing platform Rumble has made its inaugural bitcoin purchase as part of a broader strategy to diversify its corporate treasury. This move was announced by Rumble's founder and CEO, Chris Pavlovski, through a post on X. The company plans to acquire up to $20 million worth of bitcoin as it accelerates its expansion into the cryptocurrency space.
On Friday, Rumble $RUM made its first-ever purchase of bitcoin. It wonโ€™t be the last,
said Pavlovski. ๐Ÿ“Š While specific details about the purchase price and total amount were not disclosed, Rumble joins a growing list of publicly traded companies that have adopted a bitcoin-first strategy. These include Microstrategy, MARA Holdings, Riot Platforms, and Hut 8.
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๐Ÿš€ Ted Cruz Challenges IRS Crypto Reporting Rule ๐Ÿ—“ Senator Ted Cruz, a Republican from Texas, is set to utilize the Congressional Review Act (CRA) next week to contest an IRS regulation that he argues infringes on the rights of cryptocurrency brokers. This action is viewed as a principled opposition to the increasing governmental control over free enterprise and technological innovation. โ–ถ๏ธ Cruz plans to introduce a resolution on Tuesday aimed at overturning a rule that requires decentralized finance brokers to report their gross proceeds. The regulation has faced significant backlash from the cryptocurrency industry, which criticizes it for misrepresenting the decentralized nature of these platforms and imposing burdensome compliance requirements. In December, three advocacy organizations filed lawsuits against the rule, highlighting its oppressive nature. ๐Ÿ“ The CRA allows Congress to reject federal regulations with a simple majority in both chambers, as long as action is taken within 60 legislative days. Cruz is reportedly optimistic about securing a victory for freedom and expects the legislative process to move "expeditiously". His efforts have garnered support from several Republican senators, including Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, and Tim Sheehy of Montana. Lummis, who chairs the Senate crypto subcommittee, is a vocal advocate for cryptocurrency as a symbol of individual enterprise. โžก๏ธ The reporting rule, which was included in the 2021 infrastructure bill, mandates that cryptocurrency brokers disclose income from digital assets. Critics argue that this effectively forces innovators into unpaid servitude for the state. Ron Hammond from the Blockchain Association noted that this provision has become a "lightning rod" for political disputes related to crypto. Cruz's opposition to the rule reflects his ongoing defense of individual rights against government overreach. โš–๏ธ The outcome of this resolution could have significant implications for the future of crypto regulation in the United States. For supporters, it represents an opportunity to challenge government overreach and affirm that trade and innovation should be driven by creators, not tax authorities. However, critics warn that opposing the rule could lead to weakened tax compliance, revealing their reluctance to cede control.
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๐Ÿ’ฐ CFTC Fines Crypto Firm $1.1 Million for Fraudulent Practices โš–๏ธ The Commodity Futures Trading Commission (CFTC) has imposed a $1.1 million penalty on Mosaic Exchange Ltd. and its CEO, Sean Michael, for operating a fraudulent digital asset trading scheme. This decision follows a complaint filed by the CFTC in September 2023, which accused the defendants of deceptive solicitation practices and misappropriation of customer funds, violating the Commodity Exchange Act (CEA). ๐Ÿ”ด The U.S. District Court for the Southern District of Florida issued final default judgments on December 23 and 30, 2024. The court ordered Mosaic and Michael to pay approximately $468,600 in restitution, $60,980 in disgorgement, and a $660,000 civil monetary penalty. Additionally, they are permanently banned from engaging in activities that violate the CEA and from registering with the CFTC. ๐Ÿ—“ Between February 2019 and June 2021, Mosaic solicited funds from 18 customers by making false claims about profit margins, assets under management, and partnerships with cryptocurrency exchanges. Evidence showed that the firm fabricated performance metrics, and Michael misused customer funds for personal expenses like travel and dining. ๐Ÿ” The CFTC emphasized its commitment to protecting investors and urged the public to verify a firm's registration through the National Futures Association database before investing. It also reminded individuals that fraud involving unregistered firms offering investments in commodity pools is an increasing concern and encouraged them to report suspicious activities via its hotline or whistleblower program, which provides monetary rewards for actionable tips.
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๐Ÿ“‰ Usual USD (USD0) Faces Supply Contraction and Token Value Decline ๐Ÿ”ด The stablecoin Usual USD (USD0) has seen a significant contraction of $340 million in its supply over the past four days, coinciding with an 8% drop in the value of its staking derivative, USD0++.
On Jan. 9, USD0++ declined by over 8%, falling below the anticipated $1 mark.
According to Coingecko data, its value dipped to $0.905 per coin, and as of Jan. 11, 2025, it stands at $0.939. Meanwhile, the non-staked USD0 has maintained its $1 peg but has seen its market capitalization recede from a Jan. 7 peak of $1.88 billion to $1.54 billionโ€”a $340 million reduction. ๐Ÿ“‰ Additionally, the governance token USUAL has experienced declines, dropping 3.7% in the past 24 hours and 33.1% over the week. At $0.63 per token, with a circulating supply of 514 million, USUALโ€™s market valuation now rests at $328 million. These dynamics highlight the delicate interplay between stablecoins and their derivatives, as USD0++ functions as a staked variant of USD0 itself.
Such fluctuations underscore how protocol changes can rapidly influence market sentiment and valuations within the crypto and decentralized finance (defi) realms.
Despite the turbulence, USD0 retains its status as a top-ten stablecoin, holding a competitive position alongside First Digitalโ€™s FDUSD, which boasts a similar-sized market cap.
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Weโ€™re thrilled to announce our official partnership with @SuiNetwork! With Sui Foundationโ€™s backing, SEED is transforming from a Telegram Miniapp into the first 100M-user Web3 gaming ecosystem on the #SuiBlockchain. Explore more details and celebrate with us here: https://cointelegraph.com/press-releases/seed-secures-investment-from-sui-foundation-to-build-a-100m-user-web3-gaming-ecosystem-on-sui
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๐ŸŒŸ Oklahoma Senator Advocates for Bitcoin Integration in Wages and Payments ๐ŸŒ Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), which aims to incorporate Bitcoin into the state's economy. The proposed legislation would allow employees and vendors to conduct transactions in Bitcoin, positioning it as an alternative to the depreciating U.S. dollar due to inflation. ๐Ÿ’ฌ Deevers stated,
Inflation continues to erode the purchasing power of Oklahomans. Bitcoin offers a unique solution to safeguard earnings and investments.
He views this bill as a potential driver for innovation and economic growth in Oklahoma, emphasizing Bitcoin's decentralized nature and fixed supply as safeguards against federal โ€œreckless spending and money printing.โ€ ๐Ÿ“ˆ The bill seeks to facilitate Bitcoin transactions across state agencies, private businesses, and personal dealings while ensuring compliance with existing financial regulations. Deevers expressed that
this initiative could make Oklahoma a national leader in adopting financial technology, mitigating inflationโ€™s impact.
๐Ÿ”— Drawing on national trends, Deevers referenced former President Trump's pro-Bitcoin stance and his support for crypto-friendly policies, including appointing advocates like Paul Atkins to regulatory positions. He remarked,
There is a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent Bitcoin events.
๐Ÿ’ก Oklahoma has previously shown support for cryptocurrency through the Bitcoin Rights Bill (HB3594), passed last May, which protects residents' rights to self-custody Bitcoin and use it for legal transactions. The Bitcoin Freedom Act aims to build on these efforts to further establish the state's position in the evolving financial landscape. ๐Ÿ—“ The bill is scheduled for debate during Oklahomaโ€™s 60th legislative session, starting February 3.
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๐Ÿ“ฐ Crypto Developments: IRS Relief, XRP Surge, and Quantum Computing Concerns ๐Ÿ“… In this week's review, the IRS announced temporary tax relief for crypto holders on centralized exchanges for 2025. XRP has shown bullish momentum by breaking key resistance levels, trading between $2.36 and $2.40, with a potential target of $2.90. Meanwhile, a recent alert from the National Institute of Standards and Technology (NIST) regarding the risks of quantum computing to cryptography has reignited discussions about necessary updates to Bitcoin protocols.
Hopefully these changes, which are both temporary and apply only to centralized exchanges, will be the beginnings of something more permanent and all encompassing.
editor's comment ๐Ÿš€ In the XRP market, the price is currently hovering around $2.36 to $2.40, with a soaring market valuation. This suggests that XRP remains one of the strongest altcoins in the market.
XRP continues to look like one of the strongest altcoin charts.
editor's comment ๐Ÿ” The NIST announcement stated that it will deprecate ECDSA due to the growing threat of quantum computing. This adds to the list of protocol changes that the Bitcoin community will likely need to address.
Add this to the list of protocol changes the Bitcoin community will most likely have to address.
editor's comment ๐Ÿ’ฅ In other news, Elon Musk's recent name change on X to Kekius Maximus caused a significant surge in KEKIUS meme coin prices, followed by a sharp decline after he reverted to his original name. This incident highlights the volatile nature of meme coins influenced by social media.
Elon Musk has since reverted his name back, causing a massive dump. Elon giveth and Elon taketh.
editor's comment ๐Ÿ“ˆ Lastly, Solana has made a remarkable recovery over the past two years since the 2022 Terra collapse, solidifying its position among crypto giants like Bitcoin and Ethereum.
Solana has earned its spot amongst Bitcoin and Ethereum.
editor's comment
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๐ŸŽ† Happy New Year, Seedizens! ๐ŸŽ† New year, new adventures, and the same unstoppable spirit! Wishing you a year filled with success, inspiration, and countless bright moments! ๐Ÿฅ‚ To kick off the year with excitement, we're giving you an exclusive preview of what $SEED tokens can do:
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๐Ÿฅฐ Every $SEED you hold is a gateway to growth, rewards, and power. 2025 is calling, Seedizens. Are you ready to answer? ๐Ÿ‘ Start playing to get $SEED airdrop ๐ŸŒณ
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๐Ÿ“ˆ One of Americaโ€™s Oldest Investment Banks Sees Bitcoin Soaring to $225K ๐Ÿ’ก H.C. Wainwright Analyst Predicts Major Bitcoin Growth On January 2, H.C. Wainwright & Co., one of the oldest U.S. investment banks, forecasted that bitcoin (BTC) could reach $225,000 by the end of 2025. Analyst Mike Colonnese attributed this to: - A pro-crypto regulatory environment under the new administration. - Increased availability of spot Bitcoin ETFs. - Growing institutional and corporate adoption. ๐Ÿ“ฐ Post-Election Optimism for Bitcoin Colonneseโ€™s prediction aligns with broader optimism after Donald Trumpโ€™s 2024 election victory over Kamala Harris. He stated: โ€œBased on historical price cycles and the expectation for a favorable regulatory environment, BTC could climb to $225,000 per coin by 2025.โ€ Other forecasts included Citiโ€™s projection of a crypto boom and Presto Researchโ€™s estimate of BTC hitting $210,000. Eric Trump went even further, suggesting BTC might reach $1 million, citing his father as the โ€œmost pro-crypto president in American history.โ€ ๐Ÿ“Š Market Trends and Potential Challenges While bullish forecasts dominate, Colonnese issued a word of caution: โ€œ30% dips are par for the course in bitcoinโ€™s bull runs.โ€ He noted BTCโ€™s correlation with global liquidity (M2), which has been declining since October. ๐Ÿš€ The Future of Bitcoin Adoption As BTC gains traction as a financial instrument, evolving market sentiment and policy decisions will play critical roles. Institutional strategies and technological advancements promise to shape the crypto narrative beyond 2025, offering opportunities for both innovators and cautious investors.
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๐Ÿ’ฐ Reviving the Past: Vintage Crypto Wallets Stir After Years of Inactivity ๐Ÿ“ˆ The crypto market is currently valued at $3.33 trillion, with bitcoin maintaining a steady position above $90,000 for 43 days. This has led to an interesting trend: vintage crypto wallets are beginning to show signs of activity after years of dormancy. ๐Ÿ”„ As 2024 approaches, digital currency prices have risen significantly, prompting long-term holders to reassess their strategies. Recently, Bitcoin News reported on aged bitcoin unspent transaction outputs (UTXOs) being moved for the first time in over a decade. Similar activities have been observed across other blockchains as well. ๐Ÿ’ธ On December 27, Whale Alert detected a Genesis ethereum wallet transferring 1,940 ether worth $6.5 million after being inactive for 9.4 years. The remaining 467.77 ether in the wallet was not acquired on the same date. This ether was transferred to a wallet linked to Coinbase. The following day, additional bitcoin (BTC) holdings were also moved from long-dormant wallets. ๐Ÿ” On December 28, Sani, the operator of timechainindex, highlighted a wallet that shifted 7,000 BTC after a seven-year hiatus. He noted,
This chad held on to 7,000 BTC for 7 years, hodled from 62M$ to 663M$, the funds havenโ€™t been sold they just split them into 1,000 BTC addresses.
This wallet, created on April 20, 2018, previously contained 9,465.71 BTC. Over the weekend, btcparser also observed a 2014 address moving funds. ๐Ÿ“… A Pay-to-Public-Key-Hash (P2PKH) address from January 10, 2014 transferred 357.40 BTC valued at $33.9 million. This transaction, confirmed in block 876,810, was sent to an unidentified Pay-to-Witness-Public-Key-Hash (P2WPKH) wallet. Interestingly, the value of these bitcoins back in 2014 was only $302,360. ๐Ÿ” Privacy analysis tools rated the 2014 transaction with a low score of 35 out of 100 due to matched addresses and repeated use of the same address. The 2018 wallet transfer received a score of 45 out of 100 for similar reasons. ๐Ÿ”ฎ The recent activity from long-dormant crypto wallets reflects a strategic evolution over the years and the enduring legacy of early adopters. As these awakenings resonate through blockchain networks, they reveal a persistent belief in decentralized settlement systems. The future of these revived assets remains an intriguing spectacle.
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๐Ÿ›  Metamask Introduces Gas Station Feature to Simplify Ethereum Transactions ๐Ÿš€ Metamask, a leading Web3 wallet, has unveiled its Gas Station feature to help users manage transaction fees on the Ethereum mainnet. This new addition is part of Metamaskโ€™s Smart Transactions with Swaps and offers gas-included transaction quotes, addressing a common issue for users who may run out of ether (ETH) needed for network fees. โณ Previously, users had to go through a lengthy process of replenishing their ETH via exchanges, which could lead to missed opportunities on the blockchain. With the Gas Station feature, Metamask aims to provide quicker and smoother interactions by offering transaction quotes that include network fees. The feature continuously aggregates data from various decentralized exchange (dex) sources to ensure competitive rates. ๐ŸŒ Initially available on Metamaskโ€™s browser extension, the Gas Station feature supports a variety of assets including tether (USDT), usd coin (USDC), dai (DAI), and wrapped ether (WETH). Metamask has indicated that mobile wallet functionality will be added in future updates. โš ๏ธ While this rollout aims to enhance user experience, Metamask emphasizes that transactions must meet a certain value threshold to cover gas costs. The Metamask team views this feature as a significant step towards optimizing user experience within decentralized finance (defi) ecosystems.
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๐Ÿš€ Matador Technologies Embraces Bitcoin for Treasury Strategy ๐Ÿ’ผ Matador Technologies Inc., a Canadian publicly listed company, announced on Monday its decision to add bitcoin to its balance sheet. Founded in 2014 and trading on the TSX Venture Exchange under the ticker MATA, the company is currently developing a unique app for gold transactions. The board of directors has approved this bitcoin strategy, which includes acquiring U.S. dollar-denominated assets. ๐Ÿ’ฐ The company stated that this move is "part of its long-term capital preservation strategy" and highlighted the risks associated with the Canadian dollar. Criticism has been directed at Canadian Prime Minister Justin Trudeau's policies for contributing to increased government spending, rising debt, a severe housing crisis, and inflation. ๐Ÿ“… Matador plans to allocate an initial $4.5 million into bitcoin in December 2024 and will consider additional purchases through structured buying programs. This decision aligns Matador with other corporate entities like Microstrategy, Metaplanet, Semler Scientific, and MARA Holdings that are incorporating BTC into their treasuries. ๐Ÿ—ฃ๏ธ
Matadorโ€™s Board and management believe in using Bitcoin to future-proof our treasury,
said Sunny Ray, President of Matador. He added that this step supports their mission to explore bitcoin as a platform for their gold-based products. ๐Ÿ“Š According to bitcointreasuries, 72 public companies currently hold BTC on their balance sheets, collectively owning nearly 600,000 BTC. Microstrategy leads with 444,262 BTC after acquiring 254,762 this past year. ๐Ÿ”„ Matador Technologies' decision to invest $4.5 million in bitcoin represents a strategic shift towards diversification amid economic uncertainties. By embracing the growing trend of BTC adoption among public companies, Matador aims to position itself as an innovative treasury manager while integrating digital assets with traditional commodities like gold. The outcome of this bold move, along with similar strategies by other companies, will unfold over time.
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๐Ÿ’ฐ Crypto Giants Rally for Trumpโ€™s Inauguration: A Bet on Pro-Blockchain Policies ๐Ÿš€ Major players in the cryptocurrency sector, including Ripple, Coinbase, and Kraken, are making significant financial contributions to President-elect Donald Trumpโ€™s inaugural fund. This move aligns them with big tech and corporate America as they anticipate favorable regulatory changes for the blockchain industry. According to Fox Business, Coinbase and Kraken each donated $1 million to the Trump-Vance inaugural committee, while Ripple pledged $5 million in XRP tokens, marking one of the largest donations from the crypto space to date. ๐Ÿ—ฃ๏ธ Kara Calvert, Vice President of U.S. Policy at Coinbase, emphasized the importance of early engagement with the new administration:
Coinbase is committed to working with the Administration and both sides of the aisle to create regulatory clarity for crypto, and itโ€™s important to engage early in order to hit the ground running.
Kraken co-CEO Arjun Sethi also highlighted the significance of this support, stating:
For the first time, we have a President who truly understands the potential of disruptive technology and embraces the crypto sector.
๐Ÿ’ต These contributions are part of a record-setting $200 million already pledged by corporate and individual donors for the inauguration, surpassing the amounts raised for previous inaugurations. The enthusiasm from the crypto industry is fueled by Trumpโ€™s pro-business stance and his recent actions favoring digital assets. Notably, he appointed Paul Atkins, a known crypto advocate, to lead the U.S. Securities and Exchange Commission (SEC), and David Sacks as the administrationโ€™s crypto and AI czar. ๐ŸŒŸ Ripple CEO Brad Garlinghouse expressed optimism about these developments:
With trusted, knowledgeable crypto advocates like Paul Atkins and David Sacks appointed in the Trump Administration, the future of the crypto industry looks nothing but promising.
He also voiced hope for moving past previous regulatory challenges, stating:
Iโ€™m optimistic we can finally move past the failed war on crypto waged by Elizabeth Warrenโ€™s attack dog, Chair Gensler.
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Is SEED Token hinting at a SUI launch? ๐Ÿ‘€ If true, this is HUGE! ๐Ÿš€ ๐ŸŒฑ Seeds of Growth: A New Partnership Unveiled ๐Ÿ’ง The journey of growth begins with a single seed and a single drop of water. When these two elements unite, they create the potential for something extraordinary. ๐ŸŒฑ In the SEED garden, a significant partnership is taking shape. This collaboration is aimed at fostering growth, grounded in strategic planning and driven by a long-term vision. ๐ŸŒ Are you prepared to discover the possibilities that are about to unfold? ๐ŸŽฎ Website | โœˆ๏ธ Chat | ๐Ÿฃ SEED Twitter | ๐Ÿ“น Youtube
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