US

During the industry day of the annual Bitcoin conference in Nashville, Tennessee, Robert Kennedy Jr., an independent candidate for the US presidency, unveiled an ambitious financial policy plan that could transform the United States into the world’s largest holder of Bitcoin. The policy centers on the strategic acquisition of Bitcoin, valued at $619 billion, to match the current US gold reserves. This move, according to Kennedy Jr., is aimed at redefining monetary policy and enhancing fiscal discipline within the federal…

The post New US Crypto Tax Bill: Donald Trump’s Crypto Pledge and Senate Bill Spark Optimism in the Market appeared first on Coinpedia Fintech News The coin market has been yearning for relief from the thwarts of the bears. Now, it sees a glimmer of hope as the space comes across bills and other events attempting to uplift the market. Which, in turn, has instilled faith and optimism amongst crypto folks and the industry in general.  With former president Donald…

The post Top 5 PolitiFi tokens to watch amidst US Elections appeared first on Coinpedia Fintech News This crypto season is influenced by the upcoming US presidential elections. We all have experience with cartoon themed crypto tokens known as meme coins. This season has given birth to a new kind of category in crypto – The PolitiFi tokens. These are the crypto tokens that are themed on politics. Today we are going to explore the top 5 trending PolitiFi tokens…

US spot Bitcoin exchange-traded funds (ETFs) have achieved significant success, attracting $2 billion in new funds this month. This surge emphasizes Bitcoin’s status as a leading digital asset that consistently appeals to both institutional and retail investors. US Bitcoin ETFs Now Hold More Than 900,000 BTC According to market data from Farside Investors, US-traded spot Bitcoin ETFs have attracted more than $2 billion in inflows since early July. The past week alone saw a strong cumulative net inflow of more…

With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8…

The post Dogecoin Soars as US Elections & Musk’s Support Fuels “Meme Coin Boom” appeared first on Coinpedia Fintech News The meme coin industry, led by Dogecoin (DOGE), will significantly benefit in the coming months catalyzed by the campaigns in the United States. The emergence of PolitiFi meme coins has increased the rate of web3 adoption in the recent past.  Dogecoin, a large-cap altcoin with a fully diluted valuation of approximately $20 billion and a daily trading volume around $1.3…

The post Massive Inflows In US Spot Bitcoin ETF Before Ethereum ETF Starts Trading appeared first on Coinpedia Fintech News On July 22, the crypto market saw a notable $533.57M net inflow, the highest since June 4th. This boosts the cumulative total net inflow to $17.59B. Total net assets now stand at $62.14B, equating to 4.63% of Bitcoin’s market cap. Key fund movements included IBIT adding $526M, FBTC increasing by $23.72M, and VanEck’s HODL fund decreasing by $38.37M.

The US spot Ethereum ETFs are set to launch on Tuesday, July 23rd, with projections indicating potential monthly inflows of $1.2 billion. This forecast comes from ASXN, a research firm specializing in crypto finance analytics. US Spot Ethereum ETFs Could Surprise To The Upside At the core of ASXN’s analysis is the comparison between the newly introduced Ethereum ETFs and the previously launched Bitcoin ETFs. One of the critical differentiators highlighted in the report is the fee structure. The Ethereum…

The price of Bitcoin has been on a tear over the past seven days, returning between the $61,000 and $67,000 zone where it spent most of the second quarter. This positive run of form comes despite the FUD (fear, uncertainty, and doubt) due to speculations about Mt. Gox’s customer repayment. Interestingly, recent trading data have led QCP Capital, a prominent trading data, to suggest that Bitcoin might only be warming up for an even bigger price rally. According to the…