🚨BREAKING🚨 The Federal Reserve left the fed funds target range steady at 5.25%-5.50% for a seventh consecutive meeting in June 2024, in line with forecasts. Policymakers do not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%. #Bitcoin $BTC
🇺🇸Donald Trump says "#Bitcoin mining may be our last defence against a CBDC”
“We want all the remaining $BTC to be MADE IN THE USA!!!"
🔥Also Donald Trump met with Bitcoin Magazine CEO and US Bitcoin miners including the co-founder of @CleanSpark_Inc and committed to supporting mining in DC.
🚨Approval for Spot #Ethereum ETFs to Be Delayed, Says Gary Gensler🚨 Gary Gensler, the Chair of the U.S. Securities and Exchange Commission, has indicated a possible delay in the approval process for spot $ETH ETFs by asset managers. 👉During a CNBC interview on June 5, Gensler noted that the process for SEC approval of these ETFs would “take some time,” suggesting a slower pace in approving the necessary S-1 registration statements.
‼️"It is anticipated that the European Central Bank will reduce interest rates next week to foster economic expansion."
👉"Typically, reducing rates tends to devalue the Euro and enhance liquidity, potentially uplifting risk assets such as #Bitcoin $BTC," states Jag Kooner, the head of derivatives at Bitfinex.
🚨ATTENTION🚨 US Senator Cynthia Lummis: "The Biden administration is doing everything they can to stop Bitcoin's success." 👉"It’s time for a president that understands how important #Bitcoin is for America’s future." $BTC
🚨BREAKING🚨 🆘Collapsed cryptocurrency exchange Mt. Gox recently transferred $9.6 billion worth of #Bitcoin, marking its first significant on-chain movement in five years. 🔴This move into a new wallet consolidates 141,686 $BTC and raises hopes among creditors for repayment by the end of October 2024.
👉The transfer aligns with Mt. Gox's plans to resolve outstanding debts to around 127,000 creditors, pending since the platform's collapse in 2014 due to multiple hacks. ⚠️This development slightly impacted Bitcoin prices, indicating market sensitivity to the potential creditor repayments.
🚨Donald Trump's Crypto Portfolio🚨 🇺🇸Former President Donald Trump's crypto portfolio briefly exceeded $10 million on May 27, driven by the surge of the TRUMP memecoin, which hit an all-time high of $13.24. 📈Trump holds 579,290 $TRUMP tokens, valued at about $6.79 million. His portfolio also includes 464.2 $Eth, worth approximately $1.79 million, and a million $MVP tokens, worth around $473,000. 👉Despite this peak, the portfolio value has since dropped to $9.5 million. #Bitcoin #Crypto
📰NEW! 🚀Arthur, the founder of DeFiance Capital, predicts that #Ethereum ( $ETH ) will reach $4,500 before the launch of spot ETH ETFs. 📈This optimism is shared by 58% of respondents in a @WuBlockchain poll, who believe ETH could hit $10,000 this cycle. Currently, ETH is trading at around $3,940, showing a strong upward trend. ✅The expected influx of ETFs and ongoing developments, such as Ethereum 2.0, contribute to the positive market sentiment and potential for further price increases.
A bipartisan group of House lawmakers (incl Majority Whip Tom Emmer and NJ Democrat Josh Gottheimer) have sent Gary Gensler a letter urging the SEC to approve spot Ether ETFs (and 'other' digital assets) bc it offers investors crypto access in regulated transparent safe format
🇺🇸The Biden Administration expresses its enthusiasm to collaborate with Congress to establish a thorough and equitable regulatory framework for digital assets. #BITCOIN
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