In a major boost for the crypto industry, Oklahoma’s State Commission has voted to advance its plans for a strategic Bitcoin reserve in the state. This means even more bullish times ahead for cryptocurrencies, as more US states rush to embrace Bitcoin. So what crypto coins should you be looking at for your investment portfolio? … Read more
The online prediction marketplace, Polymarket, where users can bet with crypto, saw $1.1B in Superbowl bets yesterday. One person took home a tidy profit of $550K while another lost $718K. Polymarket demonstrates that crypto is trickling down to the masses who can use it for anything, including betting on their favorite football team. That’s why … Read more
The Canadian Investment Regulatory Organization (CIRO) has announced that cryptocurrency funds will be excluded from its List of Securities Eligible for Reduced Margin (LSERM), a quarterly list that identifies securities qualifying for reduced margin rates. CIRO’s ruling, effective as of February 5, cites the “high volatility, liquidity concerns, and regulatory uncertainties” surrounding cryptocurrency funds behind … Read more
In a highly anticipated conference on Tuesday, David Sacks, the newly appointed “Crypto Czar” and venture capitalist, alongside Republican lawmakers, laid out plans to develop a regulatory framework for crypto assets in the United States. Speaking to CNBC, Sacks further expressed optimism about the timeline, stating that legislation could potentially be passed through Congress within … Read more
Recent reports claim that Coinbase is seeking clarity on the status of banking services related to crypto. In a letter, the exchange allegedly urged US regulators to confirm whether banks can offer services to crypto businesses. This move comes before the US Congress hearing regarding “Operation Chokepoint 2.0,” where the crypto exchange’s CLO will testify … Read more
Paul Grewal, the Chief Legal Officer of Coinbase, is scheduled to testify at a critical Senate hearing with a focus on “Operation Chokepoint 2.0.” The Senate Banking Committee has convened this hearing to examine allegations that regulatory agencies are deliberately limiting the access of crypto firms to banking services. Grewal, a fervent proponent of transparent … Read more
In the latest Crypto Asset Fund Flows Weekly Report, CoinShares detailed how digital asset investment products experienced a turbulent week, with an initial $530 million outflow last Monday caused by concerns related to the DeepSeek news. This sell-off quickly reversed, with the market later recovering more than $1 billion in inflows by week’s end. The … Read more
In a recent memo, Bitwise Chief Investment Officer (CIO) Matt Hougan shared his thoughts on the Bitcoin (BTC) 4-year cycle and its relevance under Donald Trump’s administration. Specifically, he examined whether a shift in Washington DC’s stance on cryptocurrencies could extend the current bull market into 2026 and beyond. Bitcoin 4-Year Cycle Not Driven By … Read more
The majority of the crypto community is pinning their hopes on Donald Trump’s incoming administration as a game-changer for the industry. Much of this optimism is due to the promises made during his campaign, which many believe could herald a new era of policy favorable to cryptocurrency adoption and innovation. Although the administration has yet … Read more
The crypto industry, particularly brokers, is getting a big lift from Texas Senator Ted Cruz this week. According to an Axios report, Cruz will use the Congressional Review Act (CRA) in the next few days to challenge an existing IRS tax rule on crypto income reporting. This IRS reporting rule has generated plenty of pushback … Read more