Day: May 8, 2025

Ethereum Price Ready to Surge—$2,000 Level Could Be Within Reach

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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. Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above…

Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

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Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month. The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago threatened to fire Fed chair Jerome Powell for being “too late” in cutting rates. Fed cites higher unemployment, inflation risk Powell said on May 7 that the Federal Reserve rate-setting committee held rates in the 4.25% to 4.50% range due to…

Bitcoin miner Core Scientific posts $580M Q1 profit but misses revenue estimates

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Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits. Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net income from the year-ago quarter, while its total revenue reached $79.5 million, missing Zacks analysts’ estimates by 8.11%, and falling from its $179.3 million in revenues for Q1 2024.  The firm’s primary source of revenue came from $67.2 million in self-mining…

Bitcoin Price Eyes $100K as Bulls Regain Momentum, Buy Dips?

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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. Bitcoin price started a fresh increase above the $96,500 zone. BTC is rising and might aim for a move toward the $100,000 resistance. Bitcoin started a decent increase above…

Arizona governor signs law for state to keep unclaimed crypto

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Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds. Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned digital assets if the owner fails to respond to communications within three years. The state’s custodians can stake the crypto to earn rewards or receive airdrops, which can then be deposited into what Arizona has called a Bitcoin and…

White House rejects parts of Trump advisers’ sovereign wealth fund proposal

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Key Takeaways The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers. The details of the sovereign wealth fund are still under debate with no final decisions announced yet. Share this article The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at President Trump’s request, according to a new report from CBS News. The plan, reportedly delivered by early May, follows Trump’s February executive order directing the Treasury and…

Arizona passes bill to establish Bitcoin reserve after vetoing separate crypto legislation

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Key Takeaways Arizona has officially enacted House Bill 2749, creating a state-managed Bitcoin and Digital Assets Reserve Fund. The fund, however, holds unclaimed digital assets and staking rewards. Share this article Arizona Governor Katie Hobbs has signed House Bill 2749, which aims to establish a reserve fund for Bitcoin and other digital assets, into law, making the state the second in the US to create such a framework, according to a new announcement from Dennis Porter, CEO of Satoshi Action Fund. Source: Dennis Porter The signing came shortly after Hobbs…

Binance founder CZ asked Trump to pardon money laundering conviction

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Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he “wouldn’t mind” a pardon and that his lawyers have already filed the paperwork on his behalf “I got lawyers applying,” Zhao said, adding that he submitted the request after Bloomberg and The Wall Street Journal reported in March that he was seeking a pardon from…