Bitcoinsistemi

Senator Cynthia Lummis supports a groundbreaking proposal for the US to create a strategic Bitcoin reserve by purchasing one million BTC, as suggested by President Donald Trump to redefine the country's economic future. Lummis sees this initiative as not only a hedge against inflation but also a bold step towards modernizing the US financial system, describing Bitcoin as a fantastic new ledger-based asset that can enhance security and service global needs. She highlights the broader social impacts and the opportunity for hardworking people worldwide to benefit from this innovation, emphasizing America's leadership in its implementation.

Elon Musk recently responded with an emoji to a Grok Tweet mentioning memecoins Gork and Retard Finder. It's important to note these memecoins are high-risk and not affiliated with Musk. Many similar memecoins are fake and scams.

Pi Coin (PI) announced a new wallet activation feature to expand access to the Pi Mainnet ecosystem, facilitating user participation. The feature allows verified users to activate their wallets on the Mainnet blockchain, enhancing inclusivity. The process is streamlined, enabling interaction with the ecosystem before full migration, benefiting millions of users.

Rick Rieder, BlackRock's Global Fixed Income CIO, cautions against rushing for rate cuts despite market pricing, stating the Fed won't hurry post latest jobs report. He warns investors of overstretched valuations and suggests downside protection strategies amidst amplified volatility. Rieder remains skeptical of over four rate cuts by year-end, believing the Fed will proceed cautiously, citing stable core inflation and employment data. While acknowledging a potential rate cut window in the coming months, Rieder emphasizes prudence in decision-making based on current data.

Weaker than expected US economic performance and easing inflation data revived more dovish Fed hopes, with analysts predicting Bitcoin may outperform stocks in the coming months.

The UK's Financial Conduct Authority is considering tighter regulations to reduce risks for retail investors in the cryptocurrency sector, potentially banning buying crypto on credit to address concerns about potential debt spirals. The FCA aims to enhance consumer protection and increase awareness of risks associated with cryptocurrency investments.

Thumzup Media Corporation has applied for a $200 million shelf offering to use its revenues to buy Bitcoin, as reported in the latest development. Shelf offering allows companies to gradually sell their shares on the stock market within a specified period.

Metaplanet issues $24.8 million in bonds to finance Bitcoin purchases, strengthening its aggressive strategy with over 5,000 BTC assets. The move aligns with a trend in Asia of growing institutional interest in digital assets.

Investors are optimistic about the potential approval of spot exchange-traded funds (ETFs) for Dogecoin (DOGE) and XRP. Social media trends indicate a renewed upward momentum for both tokens, driven by hopes of regulatory approval for ETFs.

FinCEN proposed a ban on Huione Group from entering the US financial system due to allegations of money laundering and links to North Korean hacker groups, involving over $4 billion of illegal funds from 2021-2025. This action aims to cut off their access to correspondent banking and reduce money laundering capabilities.