Crypto News
Trump Admits Economic Hurdles, Short-Term Pain in Sight
President Donald Trump has acknowledged that the U.S. is experiencing a shift from a high-spending period to a more nuanced approach, which might result in an economic slowdown. Trump Recognizes Economic Slowdown as Part of U.S. Transition Period The U.S. economy might be experiencing a slowdown as a result of the measures currently implemented bySource link
Fold Adds 475 Bitcoin, Joins Top 10 U.S. Public Companies by BTC Holdings
Bitcoin financial services firm Fold Holdings has added 475 BTC to its treasury, bringing total holdings to over 1,485 BTC. This move solidifies its position among the top 10 U.S. public companies with the largest bitcoin reserves. Fold Expands Bitcoin Treasury to 1,485 BTC Fold Holdings, the first publicly traded bitcoin-native financial services company, hasSource link
Bitcoin and Nasdaq Could Stabilize as Bull Positioning in Yen Appears Stretched
It may be a coincidence, but the recent decline in the Nasdaq and bitcoin (BTC) coincides with a sharp rise in Japanese government bond yields and the strengthening of the safe-haven Japanese yen (JPY), reminiscent of the market dynamics seen in early August.There could be a causation here, as, for decades, the low-yielding yen propped up global asset prices. The ongoing rise in the Japanese yen may have had a hand in the recent risk aversion on Wall Street and in the crypto market.That said, the bullish positioning in the Japanese yen looks overstretched, with speculators holding record longs last week, according to the CFTC data tracked by MacroMicro. Such extreme bullish positioning, representing a collective belief in a continued...
Tether’s USDT Gains Regulatory Greenlight From Thailand’s SEC
Thailand’s Securities and Exchange Commission has officially approved Tether’s USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption in Asia. Thailand Approves Tether’s USDT, Paving Way for Stablecoin Payments Tether’s USDT, the world’s largest stablecoin by market cap, has been officially approved bySource link
Senate Banking Committee to Vote on Bipartisan ‘Genius’ Stablecoin Bill This Week
The bill seeks to establish a clear regulatory framework for stablecoins, addressing reserve requirements, audits, and licensing.Source link