Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 million. Blackrock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.34 million in
U.S. authorities have not executed any new Bitcoin sales, despite reports suggesting that the Department of Justice had authorized a massive offload. Blockchain intelligence platform Arkham confirmed that billions in seized Silk Road and FBI-confiscated Bitcoin ( BTC ) remain in U.S. government-controlled addresses as of Jan. 9. “The US Government is selling all their Bitcoin!!” check the chain… it’s still there pic.twitter.com/Z0LILqVU6M — Arkham (@arkham) January 9, 2025 The data provider shared on-chain proof confirming a $6.44 billion balance amid chatter suggesting authorities were selling. Rumors of the sale began circulating after reports that the DOJ had cleared 69,370 BTC for liquidation. According to these reports, a federal judge ruled on the matter in late December, but the news only surfaced this week. You might also like: Bitcoin, crypto prices throttled by macro headwinds: QCP With President Donald Trump’s inauguration so close, the timing of the news spurred questions. Trump has pledged to retain America’s Bitcoin holdings and create a BTC reserve. His plan was adopted by Senator Cynthia Lummis and tabled in the U.S. Senate. Congress was also considering laws to permit BTC reserves at the Federal Reserve after Fed chair Jerome Powell said the central bank couldn’t legally hold the cryptocurrency. At press time, Trump’s swearing-in ceremony, scheduled for Jan. 20, was only 11 days away. It remains unclear whether the U.S. government will move forward with selling its Bitcoin stash during the final days of President Joe Biden’s administration. Meanwhile, crypto industry leader lobbied Trump to issue an executive order for a BTC reserve in his first 100 days in office. Several states like Texas and Ohio also considered BTC-focused legislation. Read more: Feature Texas, Ohio, and Pennsylvania to create the state-level Bitcoin reserves. What are these bills?
Today, the Bitcoin Students Network launches its "Layer Zero" program to empower youths globally to collaboratively build and strengthen Bitcoin's "social layer".
Bitcoin price hit a daily low of $91,800 with altcoins declining. MANTRA and DAMAC signed a $1 billion tokenization agreement. Continue Reading: Major Companies Collaborate to Tokenize Real-World Assets The post Major Companies Collaborate to Tokenize Real-World Assets appeared first on COINTURK NEWS .
Grayscale increases Bitcoin and Ethereum allocations to 90% in its large cap fund during Q4 adjustments, with Cardano replacing Avalanche. The post Grayscale adjusts large cap fund increasing Bitcoin and Ethereum allocations to 90% appeared first on Crypto Briefing .
According to recent insights from COINOTAG, the current dynamics in the cryptocurrency market reveal critical levels for Bitcoin trading. Data from Coinglass indicates that a surge past the $96,000 threshold
Republican Senator Dusty Deevers of Oklahoma has proposed SB325, the Bitcoin Freedom Act, a bill designed to integrate BTC into Oklahoma’s economy by allowing employees to opt for Bitcoin as a payment method and enabling businesses to accept such transactions. Deevers framed the proposal as a response to inflation, which he said undermines the purchasing power of Oklahomans. He highlighted Bitcoin’s potential as a hedge against inflation due to its fixed supply and decentralized nature, contrasting it with traditional currencies impacted by monetary policies. Bitcoin as Paycheck? Interestingly, the bill in question promotes voluntary participation and aims to boost financial flexibility for employees and businesses while positioning Oklahoma as a leader in financial technology. Citing Bitcoin’s growing acceptance, Deevers highlighted the crypto asset’s mainstream relevance and alignment with free-market principles. “There is a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent Bitcoin events. Bitcoin has arrived into the mainstream of our economy and is unquestionably a significant part of the financial future. This legislation puts Oklahoma in a leadership role nationally, ensuring our state embraces the future of financial technology while providing our citizens with more financial options.” SB325 will be considered in the upcoming 60th legislative session starting February 3. The latest development comes after Oklahoma Governor Kevin Stitt signed a landmark bill last May, creating a legal framework for blockchain technology and digital assets. The legislation prevents government restrictions on the legal use of digital assets, bans additional taxes on crypto payments, and legitimizes digital asset mining, with noise ordinances applying to both residential and industrial zones. Other jurisdictions, such as Texas , Louisiana, Montana, and Arkansas, have passed similar laws safeguarding crypto mining as well as custody rights. Meanwhile, Deevers’ proposal reflected a broader movement among US states to adopt Bitcoin-friendly policies as they push forward with their own ambitious crypto initiatives. Bitcoin Push Ohio Representative Derek Merrin recently unveiled House Bill 703, the Ohio Bitcoin Reserve Act that allowed the state treasurer to invest public funds in Bitcoin. Citing concerns over dollar devaluation, Merrin deemed Bitcoin to be a revolutionary tool for preserving financial value and strengthening Ohio’s fiscal framework. The legislation, though non-mandatory, enables strategic allocation decisions involving Bitcoin. A similar move was seen in Pennsylvania as well as Texas. The post Oklahoma Senator Introduces Bitcoin Freedom Act to Boost Crypto Adoption appeared first on CryptoPotato .
Oklahoma Senator Dusty Deevers has introduced a groundbreaking bill, the Bitcoin Freedom Act, aimed at integrating BTC into…
One of the most well-known names in the cryptocurrency market, il Capo of Crypto, evaluated the recent decline in the crypto market led by Bitcoin. As is known, the Bitcoin price fell below $ 92,000 today after a long period. The world's largest altcoin, which has experienced a slight recovery, is trading at $ 93,900 at the time of writing this article and has reduced its losses in the last 24 hours to 1%. On the other hand, well-known cryptocurrency analyst il Capo said in his message during the decline that the correction was deeper than he expected. The analyst had stated in his previous evaluations that he expected the BTC price to decline to $ 95,000. Related News: BREAKING: Coinbase Futures Announces It Will List 3 New Altcoins However, il Capo claimed that there is no need to worry about the recent decline. The analyst, who stated that there is a strong support and demand area between $90,000 and $92,000, said that many altcoins are also currently in the support area. In his own opinion, the analyst argued that it would be a mistake to panic and sell from here. *This is not investment advice. Continue Reading: Prominent Analyst il Capo Speaks After the Recent Drop in Bitcoin: Is There Any Need to Worry? What to Expect in Altcoins?
El Salvador’s President Nayib Bukele views the upcoming US Bitcoin sale as a strategic opportunity to enhance the country’s BTC reserves at a discount. The US Department of Justice’s approval