Crypto News

Strategy goes full laser-eyes for Bitcoin while Cboe pats itself on the back for its “really nice” crypto ecosystem.Source link

Sen. Cynthia Lummis (R-WY) declared this week she is “particularly pleased” with President Donald Trump’s endorsement of her proposed strategic bitcoin reserve, a plan she claims will tackle the national debt and solidify U.S. dominance in financial innovation. ‘America Must Lead’ on Bitcoin, Says Lummis After Trump Backs Reserve Plan The Boosting Innovation, Technology, andSource link

The IRS lost two key directors working on crypto initiatives, Seth Wilks and Raj Mukherjee, on Friday after they accepted deferred resignation offers directed by the Department of Government Efficiency.Wilks and Mukherjee, who both went to the IRS from the crypto industry, are technically still employees with the IRS for the next few months but they are on paid administrative leave as of Friday afternoon, two people familiar with the situation told CoinDesk. President Donald Trump's administration, through DOGE, offered deferred resignations to a wide array of federal employees earlier this year.Wilks, who was previously a vice president at TaxBit, and Mukherjee, who was previously ConsenSys and Binance.US' head of tax, both joined the IRS Digital Asset Initiative in February...

While U.S. stocks have recovered from Trump’s unveiling of "reciprocal" tariffs, the greenback is still weaker.Source link

Bitcoin has exited its bearish phase as improving liquidity conditions and record stablecoin reserves signal renewed market strength, according to a recent report by blockchain analytics firm Cryptoquant. Stablecoin Surge Signals Bitcoin Recovery, Cryptoquant Reports The total market capitalization of stablecoins reached a record high, a threshold historically linked to upward momentum for bitcoin (Source link