Day: April 11, 2025

US Senate bill threatens crypto, AI data centers with fees — Report

admin

Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report.  Led by Senate Democrats Sheldon Whitehouse and John Fetterman, the draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills, Bloomberg said. Dubbed the Clean Cloud Act, the legislation mandates that the Environmental Protection Agency (EPA) set an emissions performance standard for data centers and crypto mining facilities…

XRP Price Flashes Symmetrical Triangle From 2017, A Repeat Could Send It as Flying To $30

admin

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The XRP price may be gearing up for a historic breakout as a long-term Symmetric Triangle pattern from 2017 resurfaces on the charts. If history repeats and a similar…

Scotland’s Lomond School accepts Bitcoin for tuition payments, a first in the UK

admin

The Lomond School in Scotland will accept Bitcoin (BTC) tuition payments beginning in the Autumn semester of 2025, making it the first school in the United Kingdom to do so. Accepting Bitcoin is part of the school’s plan to integrate “sound money principles” from the Austrian School of Economics into the curriculum to “prepare students for the uncertain future,” the announcement reads, adding: “Bitcoin is available to anyone willing to learn — making it more democratic and inclusive, particularly for people in developing nations who lack access to traditional banking.…

More Deputy Attorney General, Less New York Attorney General

admin

Follow Frank on X. On Monday, Deputy Attorney General (DAG) Blanche published a memo entitled “Ending Regulation By Prosecution” in which he stated that the U.S. Department of Justice will stop its crackdown on bitcoin and crypto mixers. Here’s the exact language he used in the memo: “…the Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations…” The…

Ripple’s ‘defining moment,’ Binance’s ongoing purge

admin

Ripple made headlines this week when it became the first crypto-native company to acquire a multi-asset prime broker, potentially setting the stage for wider adoption of its XRP Ledger technology.  The acquisition of Hidden Road didn’t come cheap, either, as Ripple doled out $1.25 billion for the brokerage. It was a price Ripple CEO Brad Garlinhouse was happy to pay as the company set its sights on global expansion.  Elsewhere, crypto exchange Binance listened to its community and moved to delist 14 tokens that no longer met its quality thresholds.…

US Fed ‘absolutely’ ready to step in if liquidity dries up — Voting member

admin

The US Federal Reserve is prepared to use its vast arsenal of monetary policy tools to prevent financial and economic conditions from deteriorating rapidly but will do so only if liquidity dries up or markets become disorderly, a top central banker said. In an interview with the Financial Times, Boston Fed President Susan Collins said the central bank “would absolutely be prepared” to backstop markets if needed. Source: Walter Bloomberg While it is generally understood that the Fed is always prepared to act quickly to stave off market chaos, Collins’…

Bitcoin price preparing for ‘up only mode’ as US bonds suffer worst selloff since 2019

admin

Bitcoin (BTC) is entering what former BitMEX CEO Arthur Hayes calls “up only mode,” as a deepening crisis in the US bond market potentially drives investors away from traditional haven assets and toward alternative stores of value. Loss of confidence in US policy boosts Bitcoin’s upside prospects On April 11, the benchmark US 10-year Treasury yield surged above 4.59%—its highest level in two months. US 10-year Treasury note yields daily performance chart. Source: TradingView The $29 trillion US Treasury market has dropped more than 2% this week — its steepest…

This year’s top ETF strategy? Shorting Ether — Bloomberg Intelligence

admin

Betting against Ether has been the best performing exchange traded fund (ETF) strategy so far in 2025, according to Bloomberg analyst Eric Balchunas. Two ETFs designed to take two-times leveraged short positions in Ether claimed (ETH) first and second place in a Bloomberg Intelligence ranking of the year’s top-performing funds, Balchunas said in a post on the X platform.   In the year-to-date, ProShares UltraShort Ether ETF (ETHD) and T Rex 2X Inverse Ether Daily Target ETF (ETQ) are up approximately 247% and 219%, respectively, Bloomberg Intelligence data showed.  The implications…

Fed’s Kashkari hints at liquidity support — Is $100K Bitcoin back on the table?

admin

Neel Kashkari, President of the Minneapolis Federal Reserve, addressed the issue of rising Treasury yields on April 11, suggesting that they might indicate a shift in investor sentiment away from United States government debt. Kashkari highlighted that the Federal Reserve has tools to provide more liquidity if necessary. While underscoring the importance of maintaining a strong commitment to reducing inflation, Kashkari’s remarks signal a possible turning point for Bitcoin (BTC) investors amid growing economic uncertainty.  US Treasury 10-year yields. Source: TradingView / Cointelegraph The current 10-year US government bond yield…

Bitcoin’s 10% weekly gain amid worrying US economic data shows crypto trader sentiment shift

admin

A key Bitcoin (BTC) metric signaled a potential shift in its positioning after BTC’s long-term holder realized cap (LTH Realized Cap) surpassed $18 billion for the first time since September 2024. Data from CryptoQuant indicated that this cohort has exhibited aggressive accumulation, which previously marked the BTC bottom in Q3 2024.  The LTH realized cap measures the BTC cost basis of investors, holding their allocation for 155 days or more. A sharp increase hints that these long-term holders are in an accumulation phase, parallel with bullish behavior.  Bitcoin LTH net…