Arthur Hayes warns US Bitcoin reserve plan would be a misguided political stunt
The BitMEX co-founder believes a US Bitcoin Reserve could serve as an easy cash grab for political agendas.
Happy Friday!
Today's crypto landscape is abuzz with significant developments. BitMEX co-founder Arthur Hayes has sounded the alarm on a potential US Bitcoin Reserve, labeling it a political maneuver ripe for exploitation. Meanwhile, Trump Media is making waves by launching a Bitcoin ETF as part of its financial services expansion. In another major move, Cboe has submitted four spot XRP ETF applications, capitalizing on Ripple's recent legal victories. Dive into these stories and more below.
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The global crypto market cap is $3.2 trillion, with a 24-hour volume of $132.21 billion. The price of Bitcoin is $97,982.85, and BTC market dominance is 60.8%. The price of Ethereum is $2,701.86, and ETH market dominance is 10.2%. The best-performing sector is Virtuals, which gained 10%. The Crypto Fear & Greed Index is currently Fear (44).
📰 Top News
Arthur Hayes warns US Bitcoin reserve plan would be a misguided political stunt
The BitMEX co-founder believes a US Bitcoin Reserve could serve as an easy cash grab for political agendas.
Trump Media unveils Bitcoin ETF amid financial services expansion
The Trump-owned company announced a suit of products, with a Bitcoin ETF among them.
Cboe submits four spot XRP ETF applications
Ripple's legal clarity from the 2023 securities case set the groundwork for spot XRP ETFs, Cboe said in the filings.
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