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Bitcoin News
Bitcoinist
2w
179
Image Credit: Bitcoinist
American Bitcoin Emerges As Trump Family’s Latest Crypto Investment
- Hut 8 forms a strategic partnership with Eric Trump and Donald Trump Jr. to establish American Bitcoin, a new mining subsidiary.
- Hut 8 will contribute its BTC ASICs in exchange for an 80% equity stake in the new venture.
- Eric Trump will serve as the co-founder and chief strategy officer, and Matt Prusak will be the CEO.
- President Donald Trump's shift in stance towards Bitcoin is reflected in the Trump family's involvement in various crypto initiatives.
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Newsbtc
2w
327
Image Credit: Newsbtc
Saylor’s Strategy Adds $1.9 Billion Worth Of Bitcoin To Growing Portfolio
- Strategy, headed by Michael Saylor, buys $1.9 billion worth of Bitcoin, despite recent challenges in the cryptocurrency market.
- This latest acquisition is the largest in terms of tokens for Strategy and boosts their total Bitcoin holdings to approximately $43.4 billion.
- Strategy financed the purchase using proceeds from common and preferred share sales.
- Market indicators suggest potential for Bitcoin recovery, as Binance's trading volume outpaces its competitors.
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Bitcoinsensus
2w
117
Image Credit: Bitcoinsensus
Operation Choke Point 2.0’ Under Fire: Coinbase Demands FDIC Hand Over Crypto Docs
- Cryptocurrency exchange Coinbase has filed a motion to lift the litigation stay in its FOIA lawsuit against the FDIC.
- Coinbase alleges that the FDIC is withholding crucial documents related to crypto regulation and failing to cooperate.
- The lawsuit seeks access to 'pause letters' instructing banks to halt crypto-related services, part of alleged Operation Choke Point 2.0.
- Coinbase emphasizes the need for transparency and plans to resume legal proceedings to obtain the requested information.
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Bitcoinist
2w
214
Image Credit: Bitcoinist
Bitcoin Bleeds $630M as Crypto Fund Outflows Accelerate for Second Week Straight
- Crypto asset investment products experienced a second consecutive week of outflows.
- Total outflows amounting to $584 million were recorded, with a two-week total of $1.2 billion.
- Bitcoin accounted for $630 million in weekly outflows, while altcoins like Solana, Litecoin, and Polygon witnessed modest inflows.
- Investor behavior is influenced by macroeconomic factors and uncertainty about interest rate policies.
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Bitcoinsensus
2w
257
Image Credit: Bitcoinsensus
Musk Denies Dogecoin Use in Government—$DOGE Crashes 55% Since D.O.G.E. Launch
- Elon Musk denies any Dogecoin integration with the Department of Government Efficiency (D.O.G.E.) and focuses on improving government efficiency.
- Since the launch of D.O.G.E., Dogecoin (DOGE) has crashed 55.54% in value, underperforming compared to Shiba Inu (SHIB).
- Musk initially chose the name D.O.G.E. based on internet suggestions, but clarified that there are no plans for the government to use Dogecoin.
- Dogecoin investors expected government support, but the memecoin has experienced a significant decline in value.
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Bitcoinsensus
2w
314
Image Credit: Bitcoinsensus
CZ Burns $3.5M in Memecoins Sent to His Wallet—Here’s Why He Didn’t Cash Out
- Binance founder Changpeng Zhao burned over $3.5M worth of memecoins sent to his wallet by developers attempting to gain free promotion without impacting the market.
- The burns included $1.95M in Tutorial tokens and $1.65M in Broccoli-themed tokens inspired by Zhao's dog, fueled by meme-driven hype on BNB Chain.
- Zhao urged the crypto community to stop sending tokens to his address while maintaining credibility and stability in the market despite a potential personal gain opportunity.
- The move was aimed at avoiding market impact and showcasing Zhao's commitment to the crypto market's credibility and stability.
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TronWeekly
2w
135
Image Credit: TronWeekly
Crypto ETP Inflows Reach $226 Million Despite Declining Market Capitalization
- Investor sentiment changed and cryptocurrency exchange-traded products (ETPs) attracted $226 million in inflows in the last week.
- Bitcoin investment products dominated the inflows, capturing $195 million, while altcoins attracted $33 million.
- Despite the inflows, total assets under management (AUM) for crypto ETPs dropped 5.7% to $133.9 billion, reflecting price challenges.
- The U.S. led the inflows with $204 million, while other regions like Switzerland and Germany also contributed.
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Stackexchange
3w
432
Image Credit: Stackexchange
MULTISIG locking script without certain order of signatures
- To create and broadcast a MULTISIG transaction with no specific order of signatures, a different approach should be used.
- The OP_CHECKMULTISIG opcode in Bitcoin requires a specific order of signatures, which makes it challenging when the order does not matter.
- A suggested approach for this scenario is to use a custom script that validates the signatures in a flexible manner without a specific order.
- By using a combination of conditional statements and signature checks, the script can verify the required signatures of both the manager and employees.
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Bitcoinsensus
3w
257
Image Credit: Bitcoinsensus
Comprehensive Security & Efficiency Enhancement for Ethereum: Buterin Proposal
- Vitalik Buterin proposed a comprehensive security and efficiency enhancement for Ethereum L2.
- The proposal focuses on three main directions: more space for data (blobs), achieving fast finality through hybrid short-term proof systems, and creating standard proof aggregation layers.
- Key projects mentioned include Pectra, aiming for a limit of 6 blobs, and Fusaka, aiming for a limit of 72 blobs.
- The proposal aims to improve scalability, network integrity, and security in order to compete with other efficient and scalable networks.
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Bitcoinsensus
3w
349
Image Credit: Bitcoinsensus
Market Watch: Key Events This Week That Could Affect Crypto
- U.S. Chicago PMI surprises with improvement, while Germany’s CPI remains steady, indicating mixed inflationary pressures.
- Trump’s announcement of “Liberation Day” tariffs sparks concerns of global trade wars and market uncertainty.
- Key U.S. economic indicators and labor data could impact monetary policy and stocks, affecting cryptocurrencies as well.
- The upcoming events in the cryptocurrency market include data reports influencing the Fed’s interest rate decision and Trump’s announcement on April 2nd.
- The U.S. Chicago PMI showed an unexpected improvement with a reading of 47.6, hinting at a potential manufacturing sector recovery.
- Germany's monthly CPI met expectations at 0.3%, indicating less impact from global inflation concerns at present.
- Tuesday will bring crucial economic indicators from the Eurozone and the U.S., providing insights into manufacturing and inflation trends.
- Wednesday marks Trump's potential initiation of tariffs on foreign exports, leading to market uncertainty and potential economic impacts.
- Crypto markets are likely to experience volatility on Wednesday due to macroeconomic events, with potential for both negative reactions and slight growth.
- Thursday will focus on U.S. Jobless Claims and the Services sector, while energy markets observe Crude Oil Inventories.
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21 Likes
TronWeekly
3w
8
Image Credit: TronWeekly
Bitcoin ETF Inflows Crash 73%—Is Institutional Confidence Fading Fast?
- Inflows in the spot Bitcoin ETF market declined by 73.6% over the week, dropping to $196.48 million from $744.35 million.
- A $93.16 million outflow on March 28 ended a 10-day ETF inflow streak.
- BlackRock's IBIT and Fidelity's FBTC continued to dominate the Bitcoin ETF market segment, attracting substantial capital each week.
- Institutions, like Metaplanet, are investing in Bitcoin through alternative strategies and long-term approaches, despite the weakening ETF flow patterns.
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Bitcoinsensus
3w
17
Image Credit: Bitcoinsensus
Significant Bitcoin Dips Purchase: Strategy Bought ~$2B Worth of Bitcoin
- Michael Saylor’s Strategy purchased 22,048 BTC worth ~$2B and now owns 528,185 BTC.
- The average price of their Bitcoin purchases is ~$67,458.
- The substantial Bitcoin dip purchases carry risks, potentially impacting the Bitcoin price.
- The purchase is seen as an optimistic signal, but caution is advised.
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1 Like
TronWeekly
3w
266
Image Credit: TronWeekly
Trump Sons to Lead New Bitcoin Mining Venture with Hut 8 Partnership
- Hut 8 Mining Corp. has acquired the majority ownership of American Bitcoin, with Donald Trump Jr. and Eric Trump holding a 20% stake.
- Hut 8 transferred 61,000 mining units to American Bitcoin to expand its global operations.
- The Trump family expands its crypto ventures, including mining, stablecoins, and DeFi projects.
- American Bitcoin aims to become one of the world's largest mining operations, backed by the Trump family and supported by Hut 8.
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16 Likes
Coin Telegraph
3w
432
Image Credit: Coin Telegraph
Crypto PAC-supported candidates make a final push to Florida voters
- Two Republican candidates supported by at least a combined $1.5 million in media spending from a cryptocurrency-backed political action committee (PAC) are making final pleas to voters turning out for special elections in Florida congressional districts.
- The Defend American Jobs PAC has spent a combined $1.5 million on media for Republicans running against Democrats in Florida’s 1st and 6th congressional districts.
- Democrats Valimont and Weil have raised significantly more funds as of March compared to the Republicans Patronis and Fine.
- Cryptocurrency-related legislation being considered in Congress might be impacted by the outcome of the special elections, as well as the future influence of cryptocurrency-backed PACs.
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