Day: March 31, 2025

Bitcoin could reduce dominance of US dollar — BlackRock

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The US dollar could lose its status as the world’s reserve currency to Bitcoin or other digital assets if the United States does not get its debt under control, according to BlackRock CEO Larry Fink. Fink wrote in his Annual Chairman’s Letter to Investors that “decentralized finance is an extraordinary innovation” that makes “markets faster, cheaper, and more transparent.” But “that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.” According to Trading Economics, the US debt equaled 122.3% of…

XRP funding rate flips negative — Will smart traders flip long or short?

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On March 19, Ripple CEO Brad Garlinghouse announced that the company had been cleared by the US Securities and Exchange Commission regarding an alleged $1.3 billion unregistered securities offering. Following the news, XRP (XRP) surged to $2.59, but the gains gradually faded as the cryptocurrency experienced a 22% correction, dropping to $2.02 by March 31. Investors worry that a deeper price correction is imminent, as XRP is trading 39% below its all-time high of $3.40 from Jan. 16. Additionally, XRP perpetual futures (inverse swaps) indicate strong demand for leveraged bearish…

Trump’s focus on cartels highlights new risks for digital assets

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Opinion by: Genny Ngai and Will Roth of Morrison Cohen LLP Since taking office, the Trump administration has designated several drug and violent cartels as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs). US President Donald Trump has also called for the “total elimination” of these cartels and the like. These executive directives are not good developments for the cryptocurrency industry. On their face, these mandates appear focused only on criminal cartels. Make no mistake: These executive actions will cause unforeseen collateral damage to the digital asset community.…

Rhode Island Bill Would Allow State Residents Spend $10,000 Monthly In Bitcoin Tax Free

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Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to 10 payments in bitcoin valued at less than $1,000 per month (or sell the equivalent amount) without being subject to state capital gains taxes. The bill is an amendment to existing state income tax laws, and the exact language in the proposed legislation is as follows: “Any sale of [b]itcoin by an individual or business in Rhode Island shall be exempt from state taxation if the total…

Bitcoin’s ‘digital gold’ claim challenged as traders move into bonds and gold hits new highs

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April 2 is shaping up to be a pivotal moment in global trade policy. US President Donald Trump has dubbed it “Liberation Day,” in reference to when new tariffs—exceeding 20%—will hit imports from over 25 countries. According to The Wall Street Journal, the administration is also weighing “broader and higher tariffs” beyond this initial wave, meaning that April 2nd is unlikely to be the end of economic uncertainty. Markets reacted negatively over the past week, with the S&P 500 dropping 3.5%, while the Nasdaq 100 slid 5%, underscoring investor anxiety.…

The MIT Bitcoin Expo 2025: Freedom Tech

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The MIT Bitcoin Club—a passionate coalition of students, alumni, researchers, and community members—presents the 12th annual MIT Bitcoin Expo (April 5–6, 2025), a landmark event exploring how Bitcoin and freedom technologies empower individuals worldwide. With just 5 days remaining, this student-led initiative continues its decade-long tradition of bridging academia, activism, and technical innovation. Why This Matters Born from MIT’s 2014 Bitcoin Project—which distributed Bitcoin to undergraduates to study adoption—the expo has evolved into a critical forum for sovereignty-focused dialogue. This year’s agenda of freedom tech focuses on physical liberation through…

‘Contrary to popular belief,’ regulation isn’t slowing tokenization — Prometheum CEO

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The market for tokenized real-world assets (RWAs) is growing by the day, but contrary to belief, the biggest hurdle to broader adoption isn’t regulation, but a lack of dedicated secondary markets for buying and selling tokenized securities, according to Prometheum founder and co-CEO Aaron Kaplan.  In an interview with Cointelegraph, Kaplan drew attention to ARK Invest CEO Cathie Wood’s recent appearance at the Digital Asset Summit in New York, where she said that a lack of regulatory clarity is preventing her company from tokenizing its funds. “Contrary to popular belief,…

Bitcoin trader issues ‘overbought’ warning as BTC price eyes $84K

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Bitcoin (BTC) ticked higher at the March 31 Wall Street open as traders stayed risk-averse on the short-term BTC price outlook. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin RSI teases bearish continuation Data from Cointelegraph Markets Pro and TradingView showed local highs of $83,914 on Bitstamp, with BTC/USD up 1.5% on the day. With hours to go until the quarterly candle close, Bitcoin saw some much-needed relief, even as US stocks opened lower. Market momentum remained tied to upcoming US trade tariffs set to go live on April 2, with gold…

BNB Breaks Below $605 As Bullish Momentum Fades – What’s Next?

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The crypto market just got a shock as BNB plunged below the crucial $605 support level, sending ripples of concern across trading circles. This sudden breakdown comes after weeks of bullish dominance, leaving investors scrambling to answer one critical question: Is this a temporary dip or the start of a major trend reversal? With weakening momentum and key technical indicators flashing red, BNB charts are telling a worrisome story. The once-steady uptrend now faces its toughest test as the token struggles to maintain its footing in a suddenly bearish market.…

Circle taps JPMorgan and Citi for IPO bid, plans to file in late April

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Key Takeaways Circle is planning an IPO in late April with JPMorgan and Citi as partners. The USDC issuer aims for a $4 to $5 billion valuation in one of 2024’s largest crypto offerings. Share this article Circle, the company behind USDC, one of the world’s leading stablecoins, is collaborating with JPMorgan Chase and Citi as it’s ramping up its IPO plan, Fortune reported Monday, citing two sources with knowledge of the banks’ involvement. Circle may publicly submit IPO paperwork in late April, according to sources. After the public filing,…