VanEck proposes Bitcoin-linked Treasury bonds to offset $14 trillion in US debt
Matthew Sigel described the proposal of a bond with 10% exposure to Bitcoin as “an aligned solution for mismatched incentives.”
Happy Wednesday!
VanEck is shaking up the bond market with its new “BitBond” proposal, aiming to tackle the US’s $14 trillion debt by blending traditional Treasury bonds with a 10% Bitcoin allocation—a move pitched as a win-win for both government and investors seeking inflation protection. Meanwhile, Mantra’s CEO is pledging a token burn to restore faith after OM’s collapse, as questions linger about future supply. On the ETF front, ProShares is set to launch new XRP futures ETFs, capitalizing on XRP’s momentum and its status as a top contender for a spot ETF in the US. Catch these stories and more in today’s CryptoSlate newsletter!
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The global crypto market cap is $2.66 trillion, with a 24-hour volume of $71.88 billion. The price of Bitcoin is $85,007.25, and BTC market dominance is 63.3%. The price of Ethereum is $1,592.21, and ETH market dominance is 7.2%. The best-performing sector is eCommerce, which gained 8%. The Crypto Fear & Greed Index is currently Extreme Fear (29).
📰 Top News
VanEck proposes Bitcoin-linked Treasury bonds to offset $14 trillion in US debt
Matthew Sigel described the proposal of a bond with 10% exposure to Bitcoin as “an aligned solution for mismatched incentives.”
Mantra CEO vows token burn to regain investor trust after OM collapse
John Patrick Mullin currently holds less than 1% of OM's circulating supply, but total allocation after vesting is unknown.
Trump reportedly developing Monopoly-inspired crypto game
This would be the latest crypto foray linked to the US president, following a stablecoin, a DeFi application, and an investment in Bitcoin mining.
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Overextended longs saw $240M in liquidations as Bitcoin dipped to $83,000
Global money supply has tripled Bitcoin’s market cap this year
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China debates $50B in seized crypto policy shift, urged to create national reserve
📖 Latest Market Report
The Trump administration’s deregulation of crypto enforcement
CryptoSlate's latest report dives deep into the policy reversal that has reshaped the relationship between the US federal government and the crypto industry.
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