Day: February 24, 2025

Bitcoin drops to three-week low as Trump reignites tariffs on Canada and Mexico

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Key Takeaways Bitcoin price is down 3.9% due to new tariffs from President Trump. The crypto market experienced a $110 billion loss today. Share this article Bitcoin fell 3.9% today to a three-week low after President Trump announced new tariffs on imports from Canada and Mexico, deepening a broader crypto market selloff that erased more than $110 billion in value. The largest digital asset traded around $92,400, its lowest level since February 2, with the decline accelerating after Trump confirmed tariffs on Mexican and Canadian imports “are going forward.” BREAKING:…

SEC acknowledges Grayscale Cardano ETF filing, decision by August 2025

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Key Takeaways The SEC acknowledged Grayscale’s filing for a Cardano Trust (ADA) ETF on NYSE Arca. A final decision on the Grayscale Cardano ETF is expected by August 2025. Share this article Today, the SEC acknowledged a proposed rule change filing by NYSE Arca to list and trade shares of the Grayscale Cardano Trust (ADA), initiating a regulatory review process expected to conclude by August 2025. NYSE Arca submitted the initial filing on February 10, 2025, followed by Amendment No. 2 on February 20, 2025, which superseded all previous versions.…

Saylor presents $81T Bitcoin reserve plan to the SEC to address US debt crisis

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Key Takeaways Michael Saylor has proposed a Bitcoin reserve plan to the SEC aiming to create up to $81 trillion in wealth for the US Treasury. The SEC’s Crypto Task Force is working towards a regulatory framework balancing innovation and investor protection. Share this article Today, it was released that this past Friday, Michael Saylor presented his proposal to the SEC’s Crypto Task Force, outlining a strategic Bitcoin reserve plan that could generate between $16 trillion and $81 trillion in wealth for the US Treasury. 🚨NEW: @saylor met with the…