Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans
Brian Armstrong and Elon Musk went on the offensive against government overspending in late-night X posts.
Happy Wednesday!
Crypto’s power players are sounding the alarm as U.S. debt and Bitcoin adoption take center stage. Coinbase CEO Brian Armstrong warns the dollar’s dominance could be at risk, echoing Elon Musk’s call for a political shakeup over government spending. Meanwhile, Binance founder CZ urges caution as more companies consider adding Bitcoin to their treasuries. And in the latest twist, Ripple’s Brad Garlinghouse firmly denies rumors of a $5 billion Circle acquisition. Catch up on the day’s biggest stories shaking up the crypto world below.
Ad: Make the most of your crypto
Start earning up to 14% interest, paid daily. Keep full access to your assets while they grow in your Savings Wallet.
🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.
The global crypto market cap is $3.32 trillion, with a 24-hour volume of $106.57 billion. The price of Bitcoin is $105,260.58, and BTC market dominance is 63.0%. The price of Ethereum is $2,656.39, and ETH market dominance is 9.7%. The best-performing sector is Agriculture, which gained 3%. The Crypto Fear & Greed Index is currently Greed (62).
Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans
Brian Armstrong and Elon Musk went on the offensive against government overspending in late-night X posts.
📰 Top News
Binance founder CZ warns of Bitcoin treasury risks amid growing adoption
CZ urged companies to assess risks wisely amid the rising trend of Bitcoin adoption for treasuries.
Brad Garlinghouse denies Ripple’s reported $5 billion bid to acquire Circle
During a private event in Las Vegas, Garlinghouse made the first direct rebuttal from Ripple’s senior management to the rumors.
Consensys CEO Joe Lubin envisions Ethereum anchoring global finance, surpassing Bitcoin
Lubin sees Ethereum's utility as a game-changer amid talks with major banks and sovereign funds.
Ad: Justin Sun Takes Center Stage at Bitcoin Vegas 2025 with TRON DAO as Top Sponsor of Code + Country and Co-Host of Kraken’s Oceanic Night
TRON DAO amplifies its influence amidst Bitcoin Vegas 2025, celebrating achievements and fostering blockchain innovation.
🗞️ More News
Pump.fun considering token launch with $4B fully diluted value, $1B sale
Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k
NYSE Arca submits filing to list Truth Social’s spot Bitcoin ETF
NGX becomes first public Norwegian firm to adopt the Bitcoin standard, stock surges 138%
Tether invests in Orionx to boost stablecoin use in Latin America
📖 Latest Market Report
Can Solana maintain its momentum through 2025’s second half?
CryptoSlate's latest market report dives deep into Solana's YTD performance, using on-chain metrics to assess the depth, durability, and direction of the network's growth.
All in to firing 215 Republicans!
I have no idea how anyone could make such a statement? There is no possible way Bitcoin can replace the dollar. It is ill suited for daily transactions. It is too slow and too costly. Even with layer 2 Lightning network it still faces the same problem. Currently there are 262,083,034 adults over the age of 18 living in the United States alone. With an average 7 second time per transaction time if each adult made just one single transaction a day it would take 1.4 years for all those transactions to settle. Even with the Lightning Network it would still take 45minuets to process. I hate to sound negative but the Coinbase CEO sounds dumb.