Donald Trump reportedly plans to leverage $200 billion US Treasury fund for Bitcoin reserves
Trump's bold Treasury strategy could establish the US as a frontrunner in Bitcoin reserves amid global interest.
Happy Monday!
In today's newsletter, we explore the bold moves shaping the future of Bitcoin. President-elect Donald Trump is reportedly planning to leverage a $200 billion US Treasury fund to establish a Strategic Bitcoin Reserve, potentially positioning the US as a leader in global Bitcoin reserves. Meanwhile, Ripple's RLUSD stablecoin is generating buzz as investors are cautioned against FOMO ahead of its launch, with warnings from Ripple's CTO about unrealistic expectations. Additionally, new fair value accounting rules for Bitcoin are set to enhance transparency and pave the way for corporate adoption. Join us as we delve into these pivotal developments in the crypto space!
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The global crypto market cap is $3.72 trillion, with a 24-hour volume of $188.77 billion. The price of Bitcoin is $106,132.49, and BTC market dominance is 56.6%. The price of Ethereum is $3,942.67, and ETH market dominance is 12.8%. The Crypto Fear & Greed Index is currently Greed (83).
📰 Top News
Donald Trump reportedly plans to leverage $200 billion US Treasury fund for Bitcoin reserves
Trump's bold Treasury strategy could establish the US as a frontrunner in Bitcoin reserves amid global interest.
Ripple RLUSD investors warned against FOMO as stablecoin trades well above peg pre-launch
Ripple CTO Schwartz warned that the RLUSD stablecoin is "not an opportunity to get rich."
New fair value Bitcoin accounting rules go live paving way for corporate reserve adoption
The FASB update enhances transparency and corporate adoption, marking a turning point in cryptocurrency accounting.
That orange fat fuck is gonna ruin the economy. Please don’t send me any news or articles about that scumbag.