Powell made the remarks on Wednesday during his second day of testimony before the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs. Bitcoin Rises as Powell Acknowledges Crypto’s Mainstream Adoption U.S. Federal Reserve Chairman Jerome Powell was on the hot seat for the second day in a row, this time in front of the
US Senator Adam Schiff has introduced a new bill that aims to prevent President Donald Trump and his family members from enriching themselves via crypto. The potential legislation , titled the Curbing Officials’ Income and Nondisclosure (COIN) Act, would prohibit the president, vice president, high-ranking executive branch employees, special government employees and members of Congress from issuing, sponsoring or endorsing digital assets. The ban would last from 180 days prior to an individual’s public services until two years afterward, and it would also extend to officials’ immediate family members. If passed, the bill would also require public officials to include crypto assets in their annual financial disclosures and periodic transaction reports. Schiff (D-California) says in a new press release that Trump’s crypto deals “have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family.” “That’s why I am introducing legislation to prevent the financial exploitation of any digital assets by public officials, including the president and the First Family. We need far greater scrutiny of the president’s financial dealings, and to stop him and any other politician from profiting off of such schemes.” Trump’s recent financial disclosure with the U.S. Office of Government Ethics indicated he pocketed more than $57.3 million worth of income from the decentralized finance (DeFi) platform World Liberty Financial (WLFI). Income from Trump’s controversial memecoin, Official Trump, wasn’t listed on the disclosure because it was released in 2025. Ethereum ( ETH ) founder Vitalik Buterin said earlier this year that political coins represented “vehicles for unlimited political bribery.” In a February letter to the U.S. Department of Justice (DOJ) and the Office of Government Ethics, officials at the nonprofit consumer advocacy organization Public Citizen argued that Trump could be in violation of federal law regulating gifts to government officials. The president hosted the top 220 TRUMP memecoin holders at his private national golf club in Washington, DC last month. The announcement of the event caused the price of the asset to skyrocket . Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Senator Adam Schiff Introduces Legislation To Stop President Trump’s ‘Exploitation’ of Digital Assets appeared first on The Daily Hodl .
As meme cryptocurrency Dogecoin ( DOGE ) continues to trade in tandem with the broader market, two artificial intelligence (AI) models are projecting that the token is likely to make modest moves on July 1. Their forecasts suggest a price range between $0.158 and $0.185, depending on how the broader market develops. As of press time, DOGE was trading at $0.16, gaining about 0.6% in the past 24 hours. However, the meme coin remains down nearly 1% on the weekly timeline. DOGE seven-day price chart. Source: Finbold Overall, sentiment around the asset is bearish, as confirmed by technical indicators. Dogecoin is trading below its 50-day simple moving average ( SMA ) of $0.202 and its 200-day SMA of $0.187, signaling continued downside pressure. Additionally, the 14-day relative strength index ( RSI ) stands at 40.54, pointing to neutral-to-bearish momentum with room to decline further before reaching oversold conditions. ChatGPT predicts DOGE price Regarding the price outlook, OpenAI’s ChatGPT presented three potential scenarios for Dogecoin on July 1, shaped mainly by Bitcoin’s trajectory, market sentiment, and trading volume. In a bullish scenario, if Bitcoin ( BTC ) breaks through key resistance levels and Dogecoin garners renewed attention on platforms like X, the coin could rise to between $0.175 and $0.185. ChatGPT highlighted DOGE’s sensitivity to influencer buzz and meme-driven hype, noting that a surge in volume could spark a 5–10% rally. In a neutral scenario, Dogecoin is expected to trade within a tighter band of $0.165 to $0.170, assuming Bitcoin remains stable and no major DOGE-related news emerges. In such a case, the token could drift slightly upward in line with recent consolidation trends. On the bearish end, DOGE could fall between $0.158 and $0.162 if Bitcoin pulls back or if DOGE loses technical support around $0.163. Weak sentiment, low trading volume, or regulatory concerns could accelerate a drop below the $0.16 level. DOGE price prediction. Source: ChatGPT Grok predicts DOGE price Meanwhile, Grok, xAI’s predictive model, issued a single forecast projecting Dogecoin to reach $0.17 by July 1. Based on its current price of $0.16 and DOGE’s historically volatile nature, Grok assumes modest upward momentum driven by community enthusiasm or a general market rebound. However, it also noted the absence of strong fundamental drivers and cautioned that DOGE could oscillate between $0.15 and $0.19, depending on external factors such as social media trends or Bitcoin’s movement. Featured image via Shutterstock The post AI predicts Dogecoin price for July 1, 2025 appeared first on Finbold .
Billionaire investor Philippe Laffont says that he’s been taking more time to think about Bitcoin, and wondering why he didn’t get involved with BTC earlier. In a new interview on CNBC, Laffont, the co-founder of hedge fund Coatue Management, says that when trying to estimate the “net worth” of the entire global economy, he feels that it’s not unreasonable for Bitcoin to represent at least one or two percent of that. Translated into pricing, it would suggest that BTC could double in value at some point in the future, putting the flagship cryptocurrency above the $200,000 mark. Says Laffont, “Every day I do think ‘why do I not own it?’ And I think to be a good investor, it’s not just owning the obvious stock, sometimes you have to change your mind and say ‘well I made a mistake and I’m changing my mind’ and maybe Bitcoin will be like that… I thought of like the market cap of the world [and] the net worth of the world is, I think $450 to $500 trillion, equities are let’s say $120 trillion, gold above and under the ground is $20 trillion. And then Bitcoin is $2 trillion. And I was like okay, well $2 trillion – let’s say it represents half a percent of the net worth of the world, could it go to one of two. Some people say Bitcoin’s going to $100 trillion, I’m like okay that’s maybe a bit of an aggressive estimate but could it double or a period of time? And then we talked about the de-dollarization, the end of US exceptionalism, so those would be of the reasons.” At time of writing, BTC is trading at $107,566. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Philipp Tur/Suri Sharma The post Billionaire Philippe Laffont Hints at Bitcoin Price Doubling, Says De-dollarization and End of US Exceptionalism Coming Into Play appeared first on The Daily Hodl .
As digital asset markets mature, institutional and high-net-worth investors—often called “whales”—are quietly rotating capital toward early-stage projects with structural integrity and growth potential . In 2025, MAGACOIN FINANCE is leading this shift, alongside growing whale interest in XRP and Kaspa , signaling a new wave of focused accumulation beyond Bitcoin’s traditional reach. MAGACOIN FINANCE: The Smart Money Magnet MAGACOIN FINANCE has quickly earned credibility among strategic investors, raising over $10 million in its pre-sale and selling out multiple rounds with consistent velocity. Its capped supply of 170 billion tokens , a completed audit by HashEx , and its no-VC, community-governed structure offer transparency rarely seen in early projects. Whale wallets show steady accumulation, and on-chain metrics reflect rising wallet concentration and minimal churn—two signals of long-term conviction. The project’s focus on operational staking and passive income utility has positioned it as a prime candidate for those seeking a blend of security, scalability, and potential appreciation. Bitcoin: The Original Whale Play Bitcoin continues to dominate market capitalization and long-term portfolios. However, with its recent climb above $111,000 , many whales are now reallocating portions of their BTC holdings into new assets that offer earlier-stage potential. MAGACOIN FINANCE is benefiting directly from this strategic redistribution. XRP: Diversifying for Growth XRP’s established role in cross-border payments remains intact, but regulatory ambiguity and slower price movement have prompted many XRP holders to diversify. Strategic capital has begun flowing into MAGACOIN FINANCE , as well as Kaspa , which is gaining traction for its innovation and on-chain efficiency. Kaspa: The Technical Powerhouse Kaspa’s unique architecture and high-speed proof-of-work consensus have earned it a growing base of large investors. With favorable funding rates and accumulation signals rising, Kaspa is emerging as a legitimate competitor in the high-performance layer-1 space, often alongside mentions of MAGACOIN FINANCE in analyst portfolios. Conclusion As whale capital rotates with precision in 2025, MAGACOIN FINANCE , XRP , and Kaspa are emerging as core allocations for investors seeking structural soundness and early growth trajectories. For those tracking where the smartest money is moving, these three assets are clearly on the radar. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: Why Bitcoin Whales Are Rapidly Moving Into MAGACOIN FINANCE Alongside XRP and Kaspa
A recent post by well-known crypto commentator Digital Asset Investor has stirred fresh speculation around Ripple and its ties to institutional power. The post centers on a pointed observation about a BlackRock executive’s remarks regarding XRP, hinting that there’s more to Ripple’s strategy than meets the eye. Digital Asset Investor wrote: “If I’ve learned anything about Ripple in the last 7 years, it’s that most don’t leave… they’re deployed.” This comment aimed to connect Robbie’s past experience at Ripple with his present as BlackRock’s digital asset leadership. This suggests that Ripple’s connections within traditional finance and government circles aren’t accidental, but strategic. According to him, the movement of key personnel between Ripple and major financial institutions reflects a deliberate effort to position XRP at the center of global financial infrastructure. BlackRock Head Of Digital Assets says the quiet part out loud. If I've learned anything about @Ripple in the last 7 years it's that most don't leave..they're deployed. If you think Robbie missed the part about XRP being created by Bitcoin developers to be a better Bitcoin you… pic.twitter.com/oV6LpBMcdk — Digital Asset Investor (@digitalassetbuy) June 25, 2025 He continued with a sharp critique aimed at anyone downplaying XRP’s origins: “If you think Robbie missed the part about XRP being created by Bitcoin developers to be a better Bitcoin, you would be the perfect buyer of my igloo in south Georgia.” The reference to “Robbie” aimed at BlackRock’s digital asset leadership, implying that those in charge know exactly w hat XRP represents and are not overlooking its foundational design or long-term purpose. XRP: Engineered to Improve on Bitcoin Digital Asset Investor’s claim about XRP’s origin is well-supported. XRP was developed by a team including Jed McCaleb, David Schwartz, and Arthur Britto—all of whom were closely involved in the early Bitcoin ecosystem. Dissatisfied with Bitcoin’s slow transaction times and energy-heavy proof-of-work mechanism, the team designed XRP as a faster, more scalable digital asset capable of handling real-world financial use cases. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Unlike Bitcoin, which functions mainly as a decentralized store of value, XRP was designed to move value quickly and efficiently, particularly across borders . This focus on speed, cost, and scalability has long made XRP a unique asset within the crypto space and a potential fit for financial institutions seeking blockchain-powered solutions. Institutional Interest Is Not a Coincidence Digital Asset Investor’s post implies that institutions like BlackRock are more aware of XRP’s value than they let on publicly. While traditional media often focuses on Bitcoin and Ethereum, insiders in the crypto space have speculated for years that XRP’s real-world utility and foundational design have caught the attention of Wall Street’s top firms, quietly but deliberately. The idea that key industry figures are “deployed” rather than coincidentally employed aligns with a long-standing belief in the XRP community: that Ripple’s influence and its network run deep within global financial corridors. Digital Asset Investor’s latest comments pull back the curtain on a narrative long whispered in crypto circles. If XRP truly was created to improve upon Bitcoin, and if major institutions like BlackRock recognize this, then the silence around XRP’s potential may be more strategic than skeptical. The quiet part is being said out loud, and the implications are hard to ignore. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post BlackRock Executive Says the Quiet Part Out Loud about Ripple (XRP) appeared first on Times Tabloid .
Bitcoin’s price momentum gains strength amid a geopolitical ceasefire and anticipated US Federal Reserve interest rate cuts, sparking renewed optimism in the crypto market. Despite Bitcoin’s rally above $108,000, major
In a 2010 Bitcointalk forum post, Hal Finney, a cypherpunk involved in Bitcoin from day one, described the way he sees the emergence of Bitcoin banks in the future. He believed that peer-to-peer Bitcoin transactions would be rare. Instead, people will use better-scaled digital cash issued by Bitcoin-backed banks. Table of Contents How was Hal Finney, and what did he write about Bitcoin banks? Was he talking about Bitcoin treasuries? Do Bitcoin banks exist today? How was Hal Finney, and what did he write about Bitcoin banks? Finney was a cypherpunk community veteran, working on various solutions that would help maintain online privacy. For years, Finney worked at PGP Corporation. He is the creator of the first reusable proof-of-work system, and he was the first person to receive a BTC transaction from none other than Satoshi Nakamoto. No wonder he was an influential figure in the Bitcoin community. He died in 2014 at the age of 58. In December 2010, the Bitcointalk user with the wobber handle initiated the discussion about how Bitcoin banks could work. While some people suggested that such banks could safely store clients’ bitcoins, charging them some fees or giving loans against Bitcoin, others were skeptical, viewing the idea as worthless. One of the users even mentioned Ripple as an already existing example. Hal Finney joined the discussion. He wrote that Bitcoin-backed banks have a good reason to exist. He saw Bitcoin banks as organizations issuing Bitcoin-redeemable digital cash for settling transactions. Finney noted that Bitcoin is not an efficient means of exchange, so the secondary layer payment system will solve this problem. In another post, he explained that large purchases in Bitcoin need more time so that the parties involved will see several confirmations. Finney saw Bitcoin-backed digital currencies issued by banks as the way to avoid this inconvenience. According to Finney, Bitcoin will be used by banks to settle net transfers between each other, while individuals will use other digital money for regular transactions. Finney said that banks can have different policies, currencies, interest rates, etc. He mentioned George Selgin’s findings on free banking as the reference for Bitcoin banks and stated that these banks could be self-regulating, stable, and inflation-resistant. Read more: Who is Hal Finney, and did he create Bitcoin? Was he talking about Bitcoin treasuries? On June 22, 2025, a Bitcoin Strategy CEO at Semler, Joe Burnett, published a screenshot of Finney’s post, stating, “Hal Finney foresaw the rise of bitcoin treasury companies.” Hal Finney foresaw the rise of bitcoin treasury companies. pic.twitter.com/Fa0J39WCss — Joe Burnett, MSBA (@IIICapital) June 22, 2025 George Selgin, whose work was mentioned in Finney’s post about Bitcoin banks, noted that Burnett is wrong that Finney was talking about something similar to Bitcoin treasuries. He wrote: “Mr. Burnett doesn’t seem to know the difference between a bank and a treasury company, two entirely different things. What Finney envisioned was a competitive system of Bitcoin-based banks, the IOUs of which would serve as second-layer payments media.” It’s fair to say that Finney’s vision is way different from Bitcoin treasury companies, as they don’t issue Bitcoin-backed digital cash that would have exchange properties. Treasuries issue stocks that are influenced by Bitcoin but not backed by it. More than that, these stocks are not used to buy anything. Treasuries (e.g., Strategy) often issue debt to purchase more bitcoins, hoping that Bitcoin’s long-term price appreciation will pay off the debt or at least propel stock prices higher. Free banking, mentioned by Finney, supposes the existence of private currencies issued by banks. Such banks existed in the 19th century in several countries; however, by the 1950s, they were gone. Do Bitcoin banks exist today? The banks described by Hal Finney don’t exist today. However, he wasn’t completely wrong about Bitcoin-backed banks. Some banks have elements of Bitcoin banks, while the crypto community embraced stablecoins, which serve as a convenient means of payment and savings. For instance, some banks create treasuries to accumulate Bitcoin. They do it to hedge against fiat money debasement and believe Bitcoin reserves can boost their holdings. One of the banks that recently started to accumulate Bitcoin is Solar Bank . The idea of a second-layer digital payment system and multiple digital currencies is fully realized in the form of the altcoin market. Many cryptocurrencies are cheap and quick to transact, so in this regard, Finney was close to what we know today. However, only a few of them are issued by the banks; mostly, it is stablecoins. Central banks of several countries are working on CBDCs, which are not Bitcoin-backed. The DeFi platforms may provide some of the banking services in a decentralized manner; for instance, you may lend or borrow crypto there or keep it in exchange for yield. However, one cannot redeem these cryptocurrencies for a fixed Bitcoin price. Such a phenomenon as neobanks is a type of platforms that provide bank-like services and allow operations with crypto. Indeed, until Bitcoin becomes much more widely used as a means of payment, there is no reason for Bitcoin banks to emerge, for there won't be any profit in supplying substitutes for a relatively upopular means of exchange. — George Selgin (@GeorgeSelgin) June 23, 2025 Selgin claimed that he doesn’t think Bitcoin banks will emerge soon, as there will not be profit “in supplying substitutes for a relatively unpopular means of exchange.” However, Selgin is not dismissing the possible emergence of Bitcoin banks in the future. You might also like: A tough climb: Neobanks can democratize access to defi products | Opinion
The Smarter Web Company’s bold Bitcoin reserve strategy has propelled its stock to an extraordinary 6,400% gain, marking a historic UK IPO milestone. Since its April listing, the Bristol-based firm
With a courtroom battle barely in the rearview, Kalshi is reportedly raising over $100 million at a valuation topping $1 billion. The timing suggests a calculated bet: that regulated prediction markets are finally finding legal and institutional footing. On June 25, Bloomberg reported that Kalshi, the federally regulated prediction market, is raising over $100 million in a funding round led by crypto investment giant Paradigm. The deal would push its valuation above $1 billion and put it in the same league as its unregulated competitor, Polymarket, which is also rumored to be aiming for unicorn status with a fresh $200 million capital injection. Kalshi’s raise comes just weeks after the Commodity Futures Trading Commission abandoned its legal fight to block Kalshi from offering political event contracts, effectively greenlighting a market that lets users bet on election outcomes under U.S. oversight. You might also like: Anthony Pompliano’s ProCap BTC files 8-K with U.S. SEC to go public via merger As legal clouds lift, Kalshi turns to growth and distinction The CFTC’s recent surrender in its case against Kalshi marks a turning point. For months, the agency argued that political betting threatened market integrity, but Judge Jia Cobb’s September ruling, later upheld, found the CFTC overstepped its authority. The agency’s abrupt withdrawal in May, without explanation, suggests regulators may be shifting tactics rather than conceding entirely. Advocacy groups like Better Markets warn the precedent could invite manipulation and distort election integrity, but for investors, it signals a rare alignment: a crypto-native business model operating within U.S. law. While Kalshi has not publicly detailed how the capital will be deployed, the company is likely looking to expand its footprint ahead of the 2026 midterms and further develop its exchange infrastructure while scaling its compliance architecture. The CFTC retreat effectively removed one of the biggest obstacles to Kalshi’s long-term operation inside the U.S., and the company is keen to set precedents for how risk, opinion, and information might be traded legally in the open. By contrast, Polymarket, Kalshi’s closest competitor, continues to operate in murkier waters. Regulation vs. rebellion: the billion-dollar split in prediction markets Polymarket is nearing a $200 million raise at a comparable valuation, per The Information. Despite being banned for U.S. users, the platform has thrived, processing $3.2 billion in election bets in 2024 alone. Its integration with X embeds real-time prediction data into social feeds, blurring the line between gambling and crowd-sourced forecasting. But Polymarket’s success comes with risks. CFTC Chair Rostin Behnam has repeatedly singled out offshore platforms “providing exposure to U.S. customers,” a thinly veiled reference to the market’s VPN-reliant user base. While backers like Peter Thiel’s Founders Fund and Vitalik Buterin bet on its censorship-resistant model, the looming question is whether regulators will tolerate its growth, or clamp down harder. Read more: Strategy stock price outlook: 52% breakout likely amid rising Bitcoin ETF demand