A wallet allegedly tied to Trump-supported World Liberty Financial (WLFI) sold 5,471 ETH at $1,465 per coin, according to Lookonchain data sourced from Arkham. The sale, valued at $8.01 million, occurred just before the news broke, prompting questions about the project’s financial position and broader market strategy. WLFI initially spent
The U.S. Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET), marking a major policy shift under President Donald Trump. The move aligns with the administration’s push to ease crypto regulations and promote innovation in the sector. NCET was launched in 2021 under the Biden administration.
Bitcoin and the broader crypto market show resilience as U.S. equities face a brutal selloff. President Donald Trump’s unveiling of reciprocal tariffs sparked a $5.4 trillion wipeout in just two days. The S&P 500 dropped to its lowest in 11 months, while the Nasdaq 100 entered bear market territory. Despite
U.S. SEC Acting Chair Mark Uyeda has ordered an agency-wide review of multiple crypto-related regulatory statements. This move aligns with Executive Order 14192, titled “Unleashing Prosperity Through Deregulation.” The directive aims to rescind or revise guidance inconsistent with current SEC priorities. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive
Donald Trump’s Presidency has brought significant changes to the crypto industry in terms of market prices and regulation. After the announcement of Trump’s win in 2024, the crypto market went on a short bull run where Bitcoin and several altcoins recorded all-time highs. However, the anticipated extension of the bull
Bitcoin finally shows signs of recovery today by reclaiming its $84K price level. It has been going on a downward trend for the past few days as tension around Trump’s Liberation Day tariffs builds. The overall crypto market capitalization jumped 2.50% even though the crypto fear and greed index continues
The Trump family is deepening its involvement in cryptocurrency with a major move into Bitcoin mining. Eric Trump and Donald Trump Jr. have partnered with Hut 8 to launch American Bitcoin, a large-scale U.S.-based mining firm. Hut 8, a publicly traded crypto infrastructure company, will control 80% of American Bitcoin.
The crypto market has been facing hard times so far this year. Trump’s presidency is focused on bringing clear regulations to take the country ahead in terms of tech innovation. However, the same presidency is the reason behind the dull market performance of the crypto market. Tariffs and uncertain trade
Five Democratic senators, led by Elizabeth Warren, have raised concerns about potential conflicts of interest in President Donald Trump’s involvement with World Liberty Financial (WLFI) and its new stablecoin, USD1. In a letter dated March 28, the senators pressed U.S. regulators on how they plan to oversee WLFI and ensure
The U.S. Senate voted to repeal a controversial tax rule targeting decentralized finance (DeFi) platforms with a final vote of 70-28. The rule, introduced under the Biden administration, required DeFi platforms to report crypto transactions to the IRS. This mirrored the obligations of traditional financial institutions. This decision marks an
