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Homepage > News > Business > Congress talks stablecoins as Ardoino fears for Tether’s life The U.S. Senate’s new digital assets subcommittee held its first-ever hearing on stablecoin and market structure legislation, while the CEO of the market-leading stablecoin believes his competitors are plotting a murder. Wednesday saw the Senate Banking Committee’s new digital asset subcommittee hold its first hearing on Exploring Bipartisan Legislative Frameworks for Digital Assets. The Senate is currently contemplating several legislative proposals addressing digital assets, including a planned market structure bill similar to last year’s FIT21. But the immediate focus is squarely on stablecoins. In the Senate,…

Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu and PEPE face bear markets, while investors diversify into PropiChain for AI-driven real estate solutions. Despite being used by investors to make millions, Shiba Inu and PEPE are in a bear movement, which has significantly triggered a negative sentiment from investors. This can be majorly attributed to the current market downturn and political issues affecting market positions. Amidst the buzz around these popular meme coins, a significant number of their holders are diversifying their portfolios by investing…

The Bitcoin sell-off, which dominated a majority of the weak, appears to be easing off, with BTC price making a recovery back in the $80,000 range to reach an intra-day high at $85,120. Some traders believe that Bitcoin (BTC) was overdue for a bounce, given how deeply oversold some of its technical indicators had become. Those holding that belief warn that once bids are filled near the recent lows, if new buyers fail to sustain the momentum or negative macroeconomic newsflow resumes, BTC is likely to revisit its recent lows. HighStrike head of options and crypto trading JJ took a different view,…

Este artículo también está disponible en español. Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months. Related Reading However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could stage a strong rebound and shift…

As Solana experiences a notable decline, attention shifts to a new meme coin launching on a Layer-2 platform. This token is rapidly gaining momentum, defying market trends. Could this unexpected rise signal the emergence of the next major player in the cryptocurrency world? The sudden interest raises questions and curiosity among investors and enthusiasts alike.XYZ’s Ascent to Prominence: The Meme Coin Contender Ascending in the Crypto SphereXYZVerse is a strong new competitor in the meme coin market. Recognized as the “Top Emerging Meme Project,” it merges the thrill of sports with meme culture, drawing in countless fans eager to join…

States are likely to adopt Bitcoin (BTC) reserves before the US federal government does, Senator Cynthia Lummis reportedly said on Feb. 28 during the Bitcoin Investor Week conference in New York. “My bets are that you’ll see a state have a Bitcoin strategic reserve before the federal government,” Lummis said, according to a Bloomberg report. In July 2024, Lummis, a Wyoming Republican, proposed legislation that would require the US federal government to create a national Bitcoin stockpile. Her bill, dubbed the BITCOIN Act, calls for the US Treasury Department to gradually accumulate 1 million BTC, ultimately acquiring “a total stake of approximately 5%…

Journalist Posted: February 28, 2025 Metaplanet sought an extra $13M raise to scoop ‘cheap’ BTC. The company’s investors were better off than MSTR’s counterparts.  Metaplanet, dubbed as Japanese MicroStrategy, has issued another convertible bond to raise 2B Yen (about $13.6 million) to grab the fire discount Bitcoin[BTC] as the king coin slipped below $80K.  Reacting to the capital raise, Dylan LeClair, BTC Strategy Officer at Metaplanet, acknowledged that they were eyeing the recent discount sale.  “Time to buy the dip, $BTC.”  For his part, Simon Gerovich, CEO of Metaplanet, explained that they opted for the bond route instead of selling shares…

Bitcoin has reached a crucial moment in its price action following heightened volatility that has overshadowed the entire crypto market, with major digital assets dropping to key support levels. Despite the sharp bearish performance, BTC’s fundamentals remain strong, igniting hope for bullish prospects. Biggest Price Gap In Bitcoin’s History As Bitcoin undergoes a lengthy bearish price performance, uncertainty grows around the flagship asset’s next price action in the short term. Alphractal, an advanced investment and on-chain data platform, has identified a huge price gap amid market fluctuations and massive liquidations in recent research on the X platform. According to the…

Este artículo también está disponible en español. Shiba Inu is under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attempts to reclaim higher levels, sellers have tightened their grip, pushing SHIB toward a potential breakdown.  The declining buying interest and growing bearish sentiment suggest that a decisive move below this support could open the door for a deeper correction, reinforcing a more bearish outlook for the meme coin. If bulls fail to step in and defend this critical zone, SHIB could see increased volatility, with lower support levels coming into play.  On the other hand,…