El Salvador has passed a new Investment Banking Law allowing private investment banks to hold $BTC and other digital assets on their balance sheets. These firms can now offer crypto services to ‘sophisticated investors’ and even obtain a Digital Asset Service Provider (PSAD) license, which would enable them to operate as full-fledged Bitcoin banks. This could be a historic milestone for the country, opening the door for high-net-worth individuals to access regulated crypto investment opportunities. It’s also set to attract foreign investors from countries with rigid crypto laws, positioning El Salvador as a safe crypto haven. An influx of foreign…
Author: ₿e Proud
Eric Trump, the son of US President Donald Trump, taunted bearish traders on X as crypto prices jumped on Friday. He told his nearly 6 million followers that seeing Ethereum shorts “get smoked” put a smile on his face and warned that anyone shorting Bitcoin or Ethereum “will be run over.” At the same time, Bitcoin pushed past $117,000 and Ether climbed back above $4,200. Policy Move Sparks A Fresh Rally According to market reports, a recent executive action signed by President Trump helped spark the move. The order was tied to retirement account rules and stirred talk that 401(k)…
They say that journalists never really kick out time. But for Christians, it’s not just a minor phor, it’s a lifestyle. Every day, he navigates the ever-changing tide of the cryptocurrency market, waving around words like a veteran editor, and writing articles deciphering jargon for the masses. However, when the PC goes into Hibernate mode, his pursuit gets a more mechanical (and sometimes philosophical) turn. Christian journeys in written words began long before the Bitcoin era. In the sacred halls of academia, he hone his craft as a feature writer for university papers. This early love of storytelling paved the…
Ethereum has soared to a multi-year high, touching the $4,330 level — its highest price since November 2021. This milestone not only reinforces ETH’s dominant position in the crypto market but also marks the return of co-founder Vitalik Buterin to billionaire status, with his publicly known wallets now valued above the billion-dollar mark. Since April, Ethereum has delivered a staggering gain of over 200%, outpacing most major cryptocurrencies and reigniting bullish sentiment across the market. Analysts attribute the rally to strong fundamentals, including increasing adoption in decentralized finance (DeFi), the rapid growth of layer-2 scaling solutions, and rising institutional interest.…
Bo Hines, the Executive Director of the White House Crypto Council, announced on Saturday that he is stepping down from his role to return to the private sector. Appointed in December 2024 by the president to lead the administration’s key crypto advisory group, Hines has played a significant role in shaping the Council’s policy direction over the past eight months. Before joining the Trump administration, Hines worked as a partner at a growth equity firm, bringing a strong investment and strategic background to his position in the White House. While leaving his full-time post, he will remain involved in government…
Key Takeaways Bo Hines departed his role as the White House Crypto Council’s Executive Director to return to the private sector. The Crypto Council advanced initiatives such as the Crypto Summit, Genius Act, and Digital Assets Report under Hines’s leadership. Share this article After eight months on the job, Bo Hines, Trump’s pick last December to head the Presidential Council of Advisers for Digital Assets, said Saturday he’s resigning. The White House’s top crypto adviser will head back to the private sector but pledged to keep backing the crypto ecosystem. Serving in President Trump’s administration and working alongside our brilliant…
Key Takeaways Fundamental Global filed a $5 billion shelf registration to support its Ethereum treasury strategy. The company targets a 10% market share in the Ethereum network by leveraging capital raises and ETH accumulation. Share this article Fundamental Global, a Nasdaq-listed financial services provider, filed a $5 billion shelf registration statement with the US SEC this week as part of its ongoing effort to scale its Ethereum accumulation strategy.The company, soon to be renamed FG Nexus, aims to become the world’s largest corporate holder of ETH, targeting a 10% stake in the network.Achieving this goal would make Fundamental Global one…
Key Takeaways SharpLink Gaming secured $200 million to expand its Ether holdings. The company’s ETH treasury is expected to exceed $2 billion after the funding deployment. Share this article SharpLink Gaming secured $200 million in funding from four global institutional investors through a registered direct offering, the company announced today. “SharpLink is proud to be joined by globally-recognized institutional investors, augmenting our strong existing investor base and further validating our mission to be the world’s leading ETH treasury,” said Joseph Chalom, SharpLink’s Co-Chief Executive Officer, in a statement. A.G.P./Alliance Global Partners is serving as the lead placement agent, with Société…
Ripple CTO David Schwartz has joined a heated debate after Custodia Bank CEO Caitlin Long criticized Ripple, the XRP Ledger (XRPL), and its stablecoin RLUSD in a podcast clip shared on X. Long questioned XRP’s decentralization, likened Ripple’s early funding to an ICO, and argued the blockchain had fallen short of its adoption goals among banks and other institutions. Her remarks drew quick pushback from XRP community member Vet, who disputed her claims, prompting Schwartz to invite Long to a direct, fact-based discussion. Caitlin Long Criticizes Ripple And XRP Caitlin Long, CEO of Custodia Bank, did not hold back in…
The XRP price has been on a tear over the past few weeks, consolidating its position as the third-largest cryptocurrency by market cap. According to data from CoinGecko, the altcoin is one of the top gainers amongst the large-cap assets, with its value up by double digits in the last seven days. Interestingly, the XRP price seems to only be at the beginning of what looks like an even broader upward trend. This positive setup is even more supported by rapidly improving fundamentals of cryptocurrencies globally, but especially in the United States. Why XRP Surged 630% And 54% In Its…