In an interesting turn of events, Federal Reserve Governor and prominent stablecoins advocate Chris Waller has emerged as the frontrunner to become the next Fed Chairman. This development comes amid a monetary policy battle between US President Donald Trump and current Fed Chairman Jerome Powell. Trump’s Fed Chair Candidate? Over the past few months, Trump has publicly criticized Powell over the Fed Chair’s decision to maintain the market interest rate in the range of 4.25% – 4.50%. Notably, the head of the US apex bank has consistently rejected calls to lower this rate, fearing sporadic inflation, despite potential benefits such…
Author: ₿e Proud
World Liberty Financial, the Trump family-linked crypto project, is reportedly engaging major investors to form a public company to hold its WLFI tokens. The proposal aims to place WLFI on a corporate balance sheet and contribute to the rising trend of digital-asset treasury companies in the US. World Liberty Pitch: From Token Sales To Public WLFI Treasury World Liberty Financial was unveiled in 2024 as a DeFi protocol and cryptocurrency company by US President Donald Trump to be managed by his sons Eric and Donald Trump Jr. The crypto initiative recorded the successful launch of the WLFI token in October 2024,…
Key Takeaways El Salvador may soon introduce Bitcoin banks, further expanding its commitment to crypto adoption. Specific details regarding the timeline or structure of the Bitcoin banks were not disclosed in the announcement. Share this article El Salvador may be on the verge of launching its first Bitcoin banks, the National Bitcoin Office (ONBTC), the government body promoting the country’s Bitcoin strategy, has revealed. 🇸🇻🚀 pic.twitter.com/DEGUKMmhfd — The Bitcoin Office (@bitcoinofficesv) August 8, 2025Specifics about those banks have not been disclosed, though the National Bitcoin Office says they will be announced soon. El Salvador President Nayib Bukele has offered no…
Ripple’s pursuit of a US charter bank license has hit a significant hurdle after the Independent Community of Bankers of America (ICBA) filed a detailed opposition with the US Office of the Comptroller of the Currency (OCC). The seven-page letter warns that Ripple’s planned stablecoin operations through Ripple National Trust Bank (RNTB) could sidestep traditional banking regulations, raising compliance and consumer protection concerns. Ripple Faces Opposition To Bank Charter Bid According to reports from XRPBank on X social media, Ripple’s ambitions to secure a federally chartered trust bank for its proposed subsidiary, RNTB, have met sharp resistance from the ICBA.…
Coinbase has taken a significant step toward expanding access to decentralized finance by announcing that users will soon be able to trade millions of on-chain assets directly within the Coinbase app through integrated DEX trading. The move allows traders to seamlessly access Base network assets on decentralized exchanges, combining Coinbase’s trusted interface with the versatility of DeFi. According to the announcement made yesterday, the feature is designed to make on-chain trading as simple and secure as traditional exchange activity, while opening the door to a vast range of tokens and opportunities that were previously out of reach for most retail…
Key Takeaways Ethereum surpassed $4,000, marking its highest level since December due to strong institutional inflows. BlackRock’s iShares Ethereum Trust (ETHA) rapidly grew to over $11 billion in assets, ranking among the top capital-attracting funds. Share this article Ethereum surged above $4,000 this morning and hit its highest level since December 2024 on the back of strong institutional inflows, according to data from TradingView.The second-largest crypto asset has jumped more than 53% this month and trades about 18% below its record of $4,878 set in November. It is up 20% year-to-date.US-listed spot Ethereum ETFs have seen money returning over the…
$SOL is in full chart boom, pushing to $200 as BIT Mining takes steps to kickstart its $300M $SOL treasury. The Chinese company announced its plans to set up a $300M $SOL treasury on July 10, pivoting away from Bitcoin with the goal of ‘staying adaptive and responsive in an ever-evolving industry.’ Following that announcement, BIT Mining acquired 27,191 $SOL on August 5, for a total investment of $4.89M, to launch its self-operated Solana validator. The fact that one of China’s largest former Bitcoin mining companies is now shifting some of its attention to Solana is a powerful driving force…
Bitcoin is trading at key level after regaining the $115,000 mark, and despite the ongoing integration below the $120,000 threshold, Bull is in solid control. This trend remains bullish and is supported by a stable purchasing interest and strong technical positioning. Related readings Important data shows that the correlation between Bitcoin and the S&P 500 has skyrocketed to 80%. With this high-correlation regime, continuous gatherings in US stocks can provide a tailwind for Bitcoin towards new highs, and stock pullbacks could amplify downside volatility. The S&P 500 is currently in bullish stages, so it appears that BTC is tracking the…
Bitcoin continues to solidify its status as a strategic reserve asset, with growing institutional adoption fueling its long-term bullish narrative. The latest major endorsement comes from one of the world’s most prestigious universities — Harvard. In a recent SEC filing, it was revealed that Harvard University’s investment portfolio acquired $117 million worth of shares in BlackRock’s spot Bitcoin ETF by the end of the second quarter of 2025. This move places Harvard among a growing list of influential institutions integrating Bitcoin into their long-term treasury strategies. The BlackRock spot Bitcoin ETF, now managing $84 billion in assets under management, has…
Key Takeaways BlackRock has stated it currently has no plans to offer spot ETFs for XRP or Solana. The asset manager clarified their position amid speculation following Bitcoin and Ethereum ETF launches. Share this article With Ripple closing its long-running legal battle with the SEC, industry analysts anticipate that the resolution will make major fund managers more comfortable offering investment products tied to XRP, Ripple’s native crypto asset.Pro-XRP users, in particular, have been eyeing BlackRock, the asset management giant. But it appears BlackRock has no immediate plans to get on board.A BlackRock spokesperson recently told The Block that spot XRP…