The world's largest digital asset management company, Grayscale Investments, has announced the launch of a Dogecoin Trust, offering investors access to the popular memecoin. The firm believes that #DOGE is more than an internet joke, positioning it as a tool for global financial inclusion, grassroots activism, and a viable means of payment.
The Dogecoin Trust is designed to provide institutional and accredited investors with direct exposure to DOGE without the complexities of self-custody. According to Grayscale, the product functions like Grayscale's other single-asset investment trusts and is solely invested in the token underlying the Dogecoin network.
During President Donald Trump's administration, a 25% tariff was imposed on almost all imports from Mexico and Canada, and a 10% tariff on goods from China.
With traditional markets closed for the weekend, the cryptocurrency market is bearing the brunt of the negative reaction to the tariffs.
The #Bitcoin has dropped more than 3% and is barely holding above US$97,000 after having risen to US$106,000 just over 24 hours ago.
El Salvador purchased two additional #Bitcoin yesterday. The country normally acquires one BTC per day as part of its strategic cryptocurrency reserve initiative, but it has been buying BTC at an accelerated pace. El Salvador currently holds a total of 6.055 BTC, valued at over US$600 million, and has bought more than 50 BTC in just the last 30 days.
The acknowledged father of modern finance, Eugene Fama, predicts that #Bitcoin will be worthless within a decade. Fama claimed that cryptocurrencies violate all the rules of a medium of exchange, they have no real stable value and that type of medium of exchange is not supposed to survive.
The decentralized finance platform of the Trump family, World Liberty Financial, has made another purchase worth US$10 million in Ether. The purchase raises World Liberty Financial's holdings to 66,239 ETH, valued at over US$215 million.
The platform received some criticism this week after acquiring around US$2 million in tokens #Move just before it was revealed that Elon Musk's Government Efficiency Department had apparently been in contact with the creators of MOVE.
According to an on-chain analyst under the pseudonym Nonzee on the social network X, he claims that in 5 days of testing a trading bot developed on the Chinese AI tool #DeepSeek , it was able to convert 0.1 SOL into 52 #SOL , equivalent to more than US$11,000. Nonzee chose the Pumpfun platform for his trading.
Asset management firm 21Shares has filed an application with the U.S. Securities and Exchange Commission to launch a #Polkadot spot exchange-traded fund, or ETF. This comes four years after 21Shares launched a similar product in Switzerland.
Polkadot is the 18th largest cryptocurrency by market capitalization. Over the past 12 months, its price has fallen by 5.16%, and in the past month it has dropped by 10.48%. The filing cautioned that there is no guarantee about Polkadot's price performance, either in the short or long term, after the ETF is launched.
According to cryptocurrency research firm K33 Research, the $1.8 trillion Norwegian Government Pension Fund Global has increased its indirect investment in #Bitcoin by 153% in 2024.
The fund has stakes in at least eleven companies with BTC holdings, the most notable being a $500 million position in Microstrategy stock, which represents approximately 1,200 BTC or 31% of the fund’s total indirect exposure.
The Legislative Assembly of El Salvador reformed Law #Bitcoin to eliminate the obligation for economic agents to accept this cryptocurrency, remove the state's role in its use, and erase references that it is a legal tender.
The new wording of Article 1 states that transactions with bitcoin must be accepted voluntarily by individuals or legal entities with total private participation only. Before these changes, public institutions were included.
💥Inflation in the US rose to 2.6% over 12 months in December, up from 2.4% the previous month. This affected the market of #Bitcoin and its possibility of rising above US$106,000 and nullifying the bearish divergence of 📉 for one day.
The Czech National Bank is set to decide today whether to allocate up to 5% of its 140 billion euros in foreign currency reserves to #Bitcoin , an amount that amounts to about 7 billion euros. The bank's president, Aleš Michl, revealed that this is a bold change from traditional asset strategies that typically favor major central banks.
The president of the US Federal Reserve, Jerome Powell, asserted that banks are perfectly capable of serving clients of #criptomonedas and suggested that lawmakers should act to address potential risks to households.
Powell indicated that they are not against innovation, and we do not want to take measures that force banks to end relationships with clients due to excessive risk aversion, perhaps related to regulation and supervision.
The CEO of #Tether , Paolo Ardoino, announced that he will bring #USDT homonymous to Bitcoin through the layer 2 scaling service, the Lightning Network. The company behind Bitcoin's Lightning Network is using the Taproot Assets protocol to integrate the stablecoin USDT.
Tether processed transactions worth US$10 trillion in 2024, approaching US$16 trillion from the payment giant Visa, and manages the token on more than ten blockchains, including #Ethereum , #Tron , #Solana , and Avalanche.
The layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, #Cardano , activated its long-awaited Plomin upgrade yesterday, marking the ecosystem's long-awaited move towards a decentralized governance system.
With the Plomin upgrade now live, ADA token holders will be able to shape the future of Cardano, including voting on treasury measures and hard forks.
The biggest change coming to Cardano with Plomin is the full implementation of Delegated Representatives, who will vote on governance issues on behalf of token holders #ADA.
🚨#Bitcoin in 📈1H presents a large bearish divergence, and to cancel this condition it must rise above 106,000 USDT.
⚠️Analyze the information provided with your knowledge and experience in#Tradingbefore investing and remember that this market is very volatile and can cause large profits as well as losses, if you decide to operate the signal all the consequences that derive from it will be totally your responsibility. In the event that you decide to use leverage, remember to place the Stop Loss according to your investment criteria.
The chief legal officer of blockchain-based payments firm Ripple Labs, Stuart Alderoty, said that the potential next chairman of the US Securities and Exchange Commission, once confirmed by the Senate, could outright drop civil lawsuits against cryptocurrency firms.
The US SEC lawsuit filed against Ripple in December 2020 alleged that the firm used #XRP tokens as an unregistered security to raise funds. A federal judge found Ripple liable for over US$125 million in August 2024, prompting the US SEC to appeal the decision and the blockchain firm to file a counter-appeal.
The Arizona Senate approves a bill to create a strategic reserve of #Bitcoin . The bill will allow Arizona to invest up to 10% of public funds in BTC and other cryptocurrencies. The proposal allows state entities, such as the state treasurer and retirement systems, to allocate funds to cryptocurrencies.
The bill details provisions for securely storing these assets in a segregated account. This account could align with a potential federal Strategic Bitcoin Reserve if the U.S. Treasury establishes one.
💥Senator Cynthia Lummis stated that the US must take decisive measures to establish a Strategic Reserve of #Bitcoin and secure its place in the 21st century.