Coindesk

JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin (BTC) will eventually be worth over $1 million.Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday.He even called himself a “bitcoin maxi.”The businessman and executive vice president of the Trump organization said he now spends over 50% of his time on crypto projects.He said he believes that the crypto asset will be worth $175,000 a token by the end of the year, sticking with his earlier prediction.Trump told several personal stories pointing out what he described as the flaws of the current financial system and how bitcoin...

A group of major altcoins have bounced stronger than bitcoin (BTC) on Wednesday, showing relative strength despite a weakening risk appetite in broader capital markets.BNB (BNB), the native token of the BNB Chain and closely adjacent to crypto exchange giant Binance, surged 6% to a fresh all-time high of $875.Ethereum's ether (ETH) rebounded 7% from the overnight lows to $4,350, erasing all of Tuesday's losses. Some observers speculated that ETH treasury firms buying the asset could have fueled the rally.Solana's SOL (SOL) gained 6.1%, also outpacing yesterday's decline, while tokens of ChainLink (LINK) and AAVE (AAVE) were up 10% and 7%, respectively.Meanwhile, the leading crypto BTC advanced a modest 1.4% from the lows, changing hands at just above $114,000. Major...

Coinbase CEO Brian Armstrong said that bitcoin (BTC) could hit $1 million per token by the end of the decade, adding his voice to a growing chorus of high-profile crypto advocates calling for explosive growth.“I think we’ll see $1 million per bitcoin by 2030,” Armstrong said in a post on X this week while promoting his appearance on the Cheeky Pint podcast. The prediction is notable because Armstrong rarely offers public price targets.He isn’t alone in expecting such a surge. Jack Dorsey, who ran X (formerly Twitter) until 2021 and co-founded payments firm Block (formerly Square), has also said bitcoin could reach $1 million by 2030 and likely move higher beyond that milestone.Meanwhile, Cathie Wood’s Ark Invest revised its long-term...

Tyler and Cameron Winklevoss said they're spending $21 million to continue the crypto policy momentum led by Republican lawmakers, countering a wider industry effort that's carefully supporting politicians from both major parties.The U.S. congressional midterm elections are approaching next year, and they promise an intense political clash that could leave President Donald Trump without the Republican control of Congress that's helped him push crypto policy past the finish line. The brothers are giving to the Digital Freedom Fund political action committee to support GOP candidates, they said on Wednesday.The contribution made in bitcoin (BTC) "will identify and support champions of President Trump’s crypto agenda in primary races and the midterm elections," Tyler Winklevoss said in a post on social media...

Oracle network Chainlink's (LINK) native token showed remarkable strength during the Wednesday session as cryptocurrencies attempted to bounce back from yesterday's carnage.LINK topped $26, gaining 8.3% over the past 24 hours and erasing Tuesday's losses. It vastly outperformed most large-cap cryptos, including bitcoin's (BTC) modest 0.5% and ether's (ETH) 4% rebound during the same period.The crypto market benchmark CoinDesk 20 Index was up 1.5%.The token's relative strength underscores Chainlink's improving appeal to crypto investors as a key piece of infrastructure connecting traditional markets with blockchain rails, benefiting from accelerating institutional adoption.Sergey Nazarov, co-founder of Chainlink, said on Tuesday he met with U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, leading the effort to bring the market structure bill...