Crypto News

Bitcoin (BTC) staking layer Core has teamed up with Singapore-based custodian Cobo to expand its institutional reach into the Asia-Pacific (APAC) region.Core, issuer of the liquid-staking token lstBTC, will enable Cobo's institutional clients to earn a return on BTC holdings while maintaining full control over their assets, according to an emailed announcement shared with CoinDesk on Friday.Numerous projects are now offering BTC holders a means of earning yield, potentially unlocking untold liquidity into the decentralized finance (DeFi) industry. They also provide alternative revenue sources to miners, which can help to offset declining Bitcoin block subsidies.Core's staking protocol has secured over 6,200 BTC ($548 million) with its blockchain secured by around 76% of Bitcoin's hashrate, according to Friday's announcement.“Our integration with...

President Donald Trump's order to establish a bitcoin (BTC) reserve is meant to set up the original cryptocurrency as a U.S. reserve asset that deserves special treatment apart from other crypto assets, according to a senior White House official.The order's additional crypto stockpile of other assets will only gather those obtained by the U.S. government in seizures, the official said on Friday, hours before an afternoon crypto summit at the White House. The bitcoin reserve, which the official said will start with an estimated 200,000 bitcoin currently in government hands, could get active investment in the future, if senior administration officials can find ways to put new money in without leaning on taxpayer funds.Meanwhile, the federal government will embark on...

A senior White House official said Friday that the U.S. government won't sell Bitcoin it collects, but it could sell altcoins.Source link

On Thursday, U.S. President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the federal government to strategically manage seized cryptocurrencies as financial assets amid growing global interest in digital currencies. $100K Bitcoin in Sight? Trump’s Digital Asset Reserve Removes $17B Sell-Side Pressure President Donald Trump signedSource link

Cryptocurrency markets are likely to remain under pressure in the short term owing to a lack of positive catalysts and skepticism about whether Congress will approve a U.S. strategic crypto reserve, JPMorgan (JPM) said in a research report Wednesday."Not only is there skepticism about congressional approval for such a strategic crypto reserve, but also the feasibility of including smaller tokens outside bitcoin (BTC) and ether (ETH) given their high risk and volatility," analysts led by Nikolaos Panigirtzoglou wrote.On Thursday, President Donald Trump directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government. He also called for a stockpile of other crypto assets, without naming those that should be included despite...