#BinanceAlphaTop5 Binance Alpha has launched the first batch | Mehr Bezanjo on Binance Square

Trending Articles

Bookmarked and Liked

--

#BinanceAlphaTop5 Binance Alpha has launched the first batch five projects.KOMA, Cheems, APX, ai16z, AIXBT.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

200

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-c7f68f496cf5

Explore More From Creator

#Market_Update President Donald Trump's decision to establish official government cryptocurrency reserves in the US has drawn criticism from industry watchers. He has signed an executive order creating what he calls a Strategic Bitcoin Reserve as well as a Digital Asset Stockpile, which will consist of other forms of digital currency. The funds will be stocked with coins forfeited to the federal government as part of criminal or civil proceedings. White House AI and crypto tsar David Sacks likened them to a "a digital Fort Knox for the cryptocurrency", drawing comparison to the Kentucky military base that stores a significant portion of US gold assets. However, some crypto enthusiasts have criticised the government for not being bolder, while others have raised question marks about the lack of transparency over the process. Sacks has ordered a full accounting of the federal government's existing crypto reserves, which he estimated at 200,000 Bitcoin alone. That's worth $17.5bn (£13.6bn) at today's prices. Nonetheless, Charles Edwards of the Capriole Fund, a Bitcoin and digital assets hedge fund, called Thursday's announcement "a pig in lipstick" in response to Sacks' post on X. "No active buying means this is just a fancy title for Bitcoin holdings that already existed with the government," he said. Trump's executive order says that the Treasury and Commerce secretary will come up with strategies for acquiring more government Bitcoin, provided these are "budget neutral and do not impose incremental costs on United States taxpayers". Jason Yanowitz, Co-Founder of crypto firm Blockworks, said the decision set a "horrible precedent" and "made no sense." "Without a clear framework, we risk arbitrary asset selections, which would distort the markets and drive a loss of public trust," he suggested. Other analysts though have been more positive. "This approach makes much more sense than buying the assets," said Russ Mould, investment director at AJ Bell."

--

#BitcoinPolicyShift Bitcoin briefly tumbled more than 5% to below $85,000 following Sacks' post, and last changed hands at $88,109. Trump's promise of a strategic reserve and expectations for easier industry regulation had seen the token surge to an all-time high at $109,071.86 in January. "This is the most underwhelming and disappointing outcome we could have expected for this week," Charles Edwards, founder of Bitcoin-focused hedge fund Capriole Investments, wrote in a post on X. "No active buying means this is just a fancy title for Bitcoin holdings that already existed with the Govt. This is a pig in lipstick." Trump's moves to support the crypto industry, which spent millions of dollars backing him and other Republicans in the November elections, have drawn concern from some conservatives and crypto backers over giveaways to an already wealthy community and delegitimizing the digital currency industry. Proponents argue that a reserve would help taxpayers benefit from crypto's price growth. Sacks estimated the U.S. government owns about 200,000 bitcoin and premature sale of the cryptocurrency has cost the American taxpayer $17 billion. It was not clear how Sacks arrived at these estimates. The president's support for the crypto industry has also sparked conflict-of-interest concerns. Trump's family has launched cryptocurrency meme coins, and the president also holds a stake in World Liberty Financial, a crypto platform.

--

$BTC The live Bitcoin price today is $87,950.57 USD with a 24-hour trading volume of $58,826,153,751 USD. Bitcoin is down 4.32% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,744,358,772,725 USD. It has a circulating supply of 19,833,400 BTC coins and a max. supply of 21,000,000 BTC coins.

--

$XRP The live XRP price today is $2.55 USD with a 24-hour trading volume of $5,882,577,944 USD. XRP is up 2.10% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $148,026,689,153 USD. It has a circulating supply of 57,949,738,512 XRP coins and a max. supply of 100,000,000,000 XRP coins.

--

#USCryptoReserve United States President Donald Trump on Sunday announced his government would create a national strategic crypto reserve that would include five cryptocurrencies, adding he would make the US “the crypto capital of the world”. In a statement on his Truth Social network, Trump said a crypto working group, which was set up following his inauguration in January, is pressing forward with the reserve’s creation, fulfilling promises he first made to crypto lobbyists during his election campaign. Following his Sunday announcement, values of the named currencies, including Bitcoin, soared, following what has been a weeks-long slump. In his Sunday announcement, though, Trump criticised the Biden-era policies, calling them “corrupt”. Trump said a “crypto reserve will elevate this critical industry after years of corrupt attacks by the Biden administration…I will make sure the US is the crypto capital of the world. We are making America great again.”

--

Latest News

Bitcoin(BTC) Drops Below 86,000 USDT with a 3.94% Decrease in 24 Hours

--

Trump Aims To Advance Stablecoin Legislation Before August Recess

--

White House Crypto Summit Concludes Without New Announcements

--

Crypto Summit: U.S. Treasury Secretary Bessent Vows to End "Regulatory Weaponization" Against Digital Assets

--

Crypto Summit: Trump Hosts First-Ever White House Digital Assets Summit, Calls for U.S. Bitcoin Reserve

--

Trending Articles

Many people were asking where to claim these, so here are th

Raghava Sri Vastav

Time to Buy FET? 5-Month Dormant Whale Resurfaces, Dumps 3 Million Fetch.AI Tokens

BlockchainReporter

Bitcoin (BTC) May Crash from $100,000 This Year, Mike McGlone Warns

🚨 THE BIGGEST MISTAKE I MADE IN TRADING: DON’T REPEAT IT! 🚨

4000 Pepe is Now back 🔥 Claim Fast [Claim Pepe](https://ww

Nilanjan De2007

Cookie Preferences

Cookie Preferences