Crypto, Forex & Blockchain News

The House of Representatives has passed three cryptocurrency bills, backed by President Donald Trump, aimed at reshaping American crypto policy. This includes the GENIUS Act, set to establish a framework for private companies to issue stablecoins. The CLARITY Act, proposing a new crypto regulation framework, and the Anti-CBDC Surveillance State Act, preventing the Federal Reserve from issuing a central bank digital currency, also moved forward. The developments signal a significant step towards integrating digital assets into the American economy.

Google Gemini is an AI tool designed to simplify the complexities of US cryptocurrency news and sentiment from investors. By analyzing market data, Gemini helps traders create structured Bitcoin trade ideas with price targets and risk factors. The article explains how this AI tool can turn the recent passing of US crypto bills into tangible trade signals, analyzing social media reactions and predicting who the immediate winners and losers will be. It provides a step-by-step guide on how to generate a trading plan with Gemini, including a bullish thesis and the top three risk factors. This article discusses how AI can facilitate informed investing in the evolving regulatory and mature crypto market. However, it emphasizes that AI should augment investors’ decision-making but not entirely replace it.

Plasma, an EVM-compatible Bitcoin sidechain, begins its token sale for users who staked stablecoins in its vault. Backed by USDT issuer Tether’s sister company, Bitfinex, and other major firms, the chain is selling 10% of the XPL token supply at a $500M valuation. The purpose-built chain is made for stablecoin transactions, offering cost-effective and fast value transfers, including zero-fee USDT transfers. Plasma currently manages $1 billion in stablecoin liquidity. The token sale coincides with a booming stablecoin market.

Pumpfun’s new memecoin ‘PUMP’ faced a significant plunge despite its buy-back strategy, with two major ICO investors selling off over $100M worth of tokens. Details about PUMP’s regular buybacks remain unclear. The token’s performance has also been influenced by a downturn in memecoin trade and competition from other coins such as LetsBonk. Through all the turmoil, Pump remains a top performer in DeFi, becoming the third-highest earner in a year and the sixth-highest in 30 days, generating $29.5M last month. The effectiveness of buy-back strategies, like the one employed by Hyperliquid’s assistance fund, has become increasingly appealing for protocols with consistent fee accrual.

David Carvalho, CEO of Naoris Protocol, warns the crypto industry about the existential threat of quantum computing. Quantum computing and AI could lead to stealthy attacks that can erode trust in blockchain systems, potentially resulting in a silent collapse. Despite warnings, the Bitcoin community doesn’t currently see quantum computing as an immediate threat. The article highlights the importance of acting before it’s too late, as potential solutions like quantum-resistant addresses and transition to post-quantum cryptographic standards are being explored.

The IMF reports that El Salvador has not purchased any new Bitcoin since signing a loan agreement in December 2024, contradicting initial claims made by the country’s Bitcoin Office. The article discusses the government’s adherence to the IMF’s terms and the national response, highlighting President Nayib Bukele’s defiance. It also examines the impact on the Bitcoin community worldwide due to El Salvador’s unique approach towards Bitcoin reserves.

UK politicians debate over cryptocurrency campaign donations, voicing concerns about potential foreign interference and reinforcing the need for strict regulations to ensure transparency. The discussions point to a growing systemic concern about the impact of crypto on the democratic process, as the UK joins other nations in scrutinizing the role of crypto in politics.

The FTX creditor community is awaiting a court ruling that could allow the FTX bankruptcy estate to freeze payouts to creditors in restricted countries, including China. This action could significantly impact the global crypto ecosystem and future crypto bankruptcies. This article discusses the potential consequences of this motion, the objections received, and the volatility it has caused in FTX creditor claims.

Ethereum’s price reaches a six-month high driven by record ETF inflows, increasing network activity, and rising demand from institutions. Further predictions suggest ETH could potentially reach $7,000-$10,000 by 2025. The article discusses recent onchain activity and addresses the growing interest in Ethereum exchange-traded funds and DeFi applications.