The post Georgia Senator Labels Trump’s $TRUMP Coin Dinner an ‘Impeachable Offense’ appeared first on Coinpedia Fintech News Senator John Ossoff of Georgia is the latest Democrat in Congress who believes that US lawmakers should impeach Trump despite him barely reaching the 100-day mark in his current term. The comment comes after Trump offered a ‘Gala Dinner’ for the top 220 holders of his memecoin TRUMP. “When the sitting president of the United States is selling access for what are effectively payments directly to him, there is no question that that rises to the level of an impeachable offense,” Ossoff said at a town hall on Friday. Sen. @ossoff faces a question at his town hall on why he and other Democrats aren’t pushing to impeach Trump. “As strongly as I agree with you, ma’am, I regret if this is an unwelcome response, but my job is to be honest with you: The only way to achieve what you want to… pic.twitter.com/YGPV24rnsu — Greg Bluestein (@bluestein) April 25, 2025 Notably, the House of Representatives can vote to impeach any federal official, including the President, for treason, bribery, or high crimes and misdemeanors. Impeachment Unlikely Without a Democratic Majority Trump was impeached twice during his first term, but was acquitted both times by the Senate. To turn the US into a “Bitcoin Superpower”, he has appointed several pro-crypto regulators and called for crypto-specific regulations. However, Ethics experts have expressed concerns that his involvement in several crypto ventures could lead to serious conflicts of interest. Impeachment is unlikely with Republicans controlling the House. Senator Ossoff says a Democratic majority is needed to change that. Senators Call For Ethics Probe Besides, CNBC reported that Senators Adam Schiff and Elizabeth Warren are calling for an ethics investigation into whether Trump broke federal ethics rules by offering exclusive access to his top TRUMP investors. Senators wrote in a letter to the U.S. Office of Government Ethics that Trump may be engaged in “pay to play” corruption, selling presidential access for money or favors and personally benefiting, possibly even from foreign or corporate interests. However, since Republicans control the government and with Trump’s appointee leading the ethics office, the investigation probably won’t go far. Trump and his family are becoming increasingly involved in crypto, planning a new stablecoin, and have already earned over $350 million in fees from the TRUMP coin since its launch.
Martin Schlegel, President of the Swiss National Bank (SNB), has categorically rejected suggestions that the central bank should hold Bitcoin in its reserves, stating that cryptocurrencies do not meet the institution’s reserve asset standards. Speaking at the SNB’s annual shareholders’ meeting in Bern, Schlegel cited growing pressure from crypto advocates who argue the central bank needs to diversify its reserves in light of growing global economic uncertainty. The move has gained momentum since U.S. President Donald Trump imposed new tariffs that critics say could destabilize international markets. The movement is launching a referendum initiative aimed at amending the Swiss constitution to make it mandatory for the SNB to hold Bitcoin alongside gold as part of its official reserves. The initiative is being led by the Bitcoin Initiative, a group founded by Luzius Meisser, a prominent figure in the Swiss crypto community. Related News: Critical Number Revealed for Bitcoin: Miners Start Losing Money If BTC Falls Below This Number Despite this momentum, Schlegel remained steadfast. “Cryptocurrencies are not currently fulfilling the requirements for our foreign exchange reserves,” he said. He emphasized the need for the central bank to reliably buy and sell assets, raising concerns about market liquidity. Schlegel also pointed to the extreme volatility of cryptocurrencies, describing their value swings as “very, very high,” casting doubt on their role as stable reserve assets. Addressing shareholders earlier in the meeting, Meisser argued that Bitcoin offers strategic value in a changing geopolitical environment. “I must admit that it may not be very valuable in the scenarios that most of you consider normal,” he said, adding, “But Bitcoin will be very valuable in the specific scenario of a multipolar world order where reliance on sovereign debt is decreasing.” *This is not investment advice. Continue Reading: Swiss National Bank President Makes Statement on Bitcoin (BTC) Following Heavy Demand
GameStop, the company that became a symbol of retail investor power and market disruption, is once again at the center of attention – this time, in the world of cryptocurrency. Following a significant capital raise, the potential for a GameStop Bitcoin purchase has ignited a fascinating discussion among its stakeholders, revealing an internal debate about the scale and nature of a potential Bitcoin treasury strategy . Why is GameStop Considering a Bitcoin Purchase Now? The recent buzz around GameStop and Bitcoin stems from the company’s successful raising of approximately $1.5 billion through the sale of convertible notes. This influx of capital provides GameStop with substantial financial flexibility. Coupled with this, GameStop previously amended its investment policy to explicitly allow for investments in cryptocurrencies like Bitcoin. This move signals a potential shift in how GameStop manages its corporate treasury. While traditionally, companies hold cash, short-term government bonds, or other low-yield assets, a growing number of firms are exploring alternatives, including digital assets. GameStop’s policy change paved the way, and the recent capital raise provides the means. Understanding the Bitcoin Treasury Strategy A Bitcoin treasury strategy involves a company holding Bitcoin on its balance sheet as a corporate reserve asset. The motivations behind this strategy can vary, but common reasons include: Inflation Hedge: Bitcoin is seen by many as a potential hedge against inflation due to its capped supply (21 million coins). As central banks print more fiat currency, the purchasing power of cash can decrease, while Bitcoin’s scarcity could potentially preserve or increase value over time. Asset Diversification: Adding Bitcoin can diversify a company’s treasury holdings away from traditional assets, which may be subject to different market dynamics. Potential Appreciation: Companies may invest in Bitcoin with the expectation that its value will appreciate significantly over the long term, adding to the company’s overall value. Signaling Innovation: Holding Bitcoin can signal that a company is forward-thinking and embraces technological innovation, potentially appealing to a certain demographic of investors and customers. The most well-known example of this strategy is MicroStrategy, led by Michael Saylor, which has accumulated a substantial amount of Bitcoin over the past few years, making it a core part of their corporate strategy. This precedent provides a template, albeit an aggressive one, for other companies considering similar moves. The GameStop Debate: How Much Corporate Bitcoin Adoption is Right? While GameStop’s amended policy allows for a Bitcoin purchase and the funds are available, the extent of such an investment is reportedly a point of contention within the company and its stakeholder community. According to Strive Asset Management CEO Matt Cole, GameStop stakeholders are divided on how aggressive the company should be in allocating its newly raised capital to Bitcoin. Strive Asset Management is known for advocating for companies to take bold stances, and their push is reportedly towards a more aggressive allocation to Bitcoin. However, sources indicate that opinions within GameStop’s board of directors and even among its passionate online community, particularly on platforms like Superstonk, remain mixed. This internal debate highlights the complexities of corporate Bitcoin adoption . It’s not just a simple financial decision; it involves weighing potential benefits against significant risks and considering the views of a diverse shareholder base, which in GameStop’s case, includes a highly engaged and vocal retail investor community. What are the Challenges and Considerations? Adopting a Bitcoin treasury strategy comes with notable challenges: Volatility: Bitcoin’s price is known for its significant volatility, which can lead to large fluctuations in the reported value of the company’s treasury holdings. Accounting Rules: Under current accounting standards (like GAAP in the US), Bitcoin is treated as an intangible asset, which must be recorded at cost and is subject to impairment charges if its market value drops below the cost basis. Gains are only recognized when the asset is sold. This ‘asymmetric’ accounting can make holding Bitcoin appear riskier on the balance sheet than holding traditional assets. (Note: New FASB rules are expected to change this soon, allowing fair value accounting, which could alleviate some concerns). Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving in many jurisdictions, which can create uncertainty for companies holding digital assets. Security: Safely storing large amounts of Bitcoin requires robust security measures to protect against hacking or loss. Shareholder Sentiment: While some shareholders may applaud a move into Bitcoin, others may be risk-averse or believe the company should focus solely on its core retail business turnaround. What Could a Bitcoin Investment Mean for GME Stock? The decision regarding a GameStop Bitcoin purchase could have various implications for GME stock . On one hand, a significant investment could be seen positively by investors who are bullish on Bitcoin and appreciate GameStop’s willingness to embrace new technologies and potentially protect shareholder value against inflation. It could attract a new class of investors interested in companies with crypto exposure. On the other hand, a large allocation to a volatile asset like Bitcoin could introduce additional risk and uncertainty for GME stock holders. Investors primarily focused on the company’s fundamental business performance might view it as a distraction or an unnecessary gamble with shareholder capital. The impact on the balance sheet due to price swings could also influence investor perception. Ultimately, the market’s reaction would likely depend on the size of the investment, the clarity of GameStop’s strategy, and the prevailing sentiment towards both GameStop and Bitcoin at the time of any potential announcement. Broader Implications for Crypto Investment GameStop’s serious consideration of adding Bitcoin to its treasury is another data point in the ongoing trend of corporate Bitcoin adoption . While not as large as some tech or financial firms, GameStop’s unique position as a company with massive retail investor interest makes its moves particularly symbolic. Should GameStop proceed with a notable Bitcoin purchase, it could encourage other companies, perhaps those with similar tech-savvy customer bases or a desire to differentiate themselves, to explore crypto investment . Each instance of a publicly traded company adding Bitcoin to its balance sheet contributes to the mainstreaming and legitimization of cryptocurrencies as a corporate asset class. Actionable Insights for Readers: Monitor GameStop’s Announcements: Keep an eye on official GameStop communications for any announcements regarding treasury management or cryptocurrency investments. Observe Market Reaction: If GameStop makes a Bitcoin purchase, analyze how GME stock and the broader crypto market react. Research Corporate Adoption Trends: Stay informed about which other companies are considering or implementing Bitcoin treasury strategies . This can provide insights into the evolving corporate finance landscape. Understand the Risks: For investors, understand that a company holding volatile assets like Bitcoin introduces additional risk to the stock. Compelling Summary GameStop stands at a fascinating crossroads, debating whether and how significantly to embrace a Bitcoin treasury strategy using its recently acquired capital. While the company’s policy allows for it and the funds are available, internal divisions and differing stakeholder views, including those from Strive Asset Management and the Superstonk community, mean the exact path forward for GameStop Bitcoin remains uncertain. This decision holds potential implications not only for the future of GME stock but also serves as another test case for the broader trend of corporate Bitcoin adoption and the evolving landscape of crypto investment in traditional finance. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption.
Spot Bitcoin ETFs in the United States have surged, reflecting a robust market recovery with over $3 billion in inflows. The influx marks a significant turnaround after a month of
Switzerland’s fierce defense of tradition faced a seismic crypto challenge as calls to add bitcoin to national reserves intensify amid global economic turmoil and geopolitical shifts. Swiss National Bank Chairman Warns Bitcoin’s ‘Very High’ Volatility Risks Currency Stability Swiss National Bank (SNB) Chairman Martin Schlegel strongly opposed integrating bitcoin into the institution’s currency reserves during
As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market. Bitcoin Sees Sharp Rebound In Apparent Demand According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending several consecutive weeks in the red. Related Reading: Bitcoin Enters New Phase: Analyst Predicts Positive Movement In 2025 For the uninitiated, Bitcoin’s Apparent Demand (30-day sum) measures the cumulative net demand for BTC over the past 30 days by tracking wallet accumulation and exchange outflows. A sharp increase in this metric suggests strong, sustained buying pressure, which can indicate bullish sentiment and potential for a price rally. The following chart illustrates this rebound in BTC’s Apparent Demand, which essentially reflects net changes in one-year inactive supply adjusted by daily block rewards – a metric designed to better represent organic demand growth. Previously, this metric had fallen deeply into negative territory – dipping below -200,000 (highlighted in red) – suggesting waning demand. However, its recent reversal into positive territory signals that long-dormant capital is flowing back into the market. As noted in the post: The demand pivot is closely aligned with the recent price rebound above $87K, implying this recovery is underpinned by real on-chain behavior rather than purely speculative flows. This marks the first positive Apparent Demand reading since February and aligns with rising inflows into spot Bitcoin exchange-traded funds (ETFs), as well as growing accumulation by long-term holders. Data from SoSoValue shows that US-based spot BTC ETFs have recorded five consecutive days of net positive inflows, totalling more than $2.5 billion. The cumulative net inflow into spot BTC ETFs now stands at an impressive $38.05 billion. Is A BTC Rally In Sight? IT Tech noted that past reversals in Apparent Demand have historically preceded either significant rallies or periods of strong price support. If the current trend continues, BTC may have the momentum needed to challenge the $90,000 level in the near term. Related Reading: Bitcoin Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double Top? However, analysts caution that Bitcoin must hold its current support around $91,500 to maintain upward momentum. This level is particularly important because it is close to the realized price of short-term BTC holders, according to CryptoQuant contributor Crazzyblockk. Further adding to this outlook, prominent crypto analyst Rekt Capital emphasized that Bitcoin needs to secure a weekly close above $93,500 and reclaim it as support in order to establish a clear path to $100,000. At press time, BTC trades at $94,492, up 2% in the last 24 hours. Featured image from Unsplash, charts from CryptoQuant and Tradingview.com
Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks. On April 25, the 11 spot Bitcoin ( BTC ) ETFs saw $380 million in inflows, bringing the total for the week to around $3.06 billion over five consecutive inflow days, according to Farside data. The last time spot Bitcoin ETFs had a full week of inflow days was the week ending March 21. Strong inflow week turns April into positive month ETF analyst Eric Balchunas said in an April 24 X post that “ETFs are on a Bitcoin bender.” “What’s really notable here is just HOW FAST the flows can go from 1st gear to 5th gear,” Balchunas said, forecasting that some of those flows may be due to the “basis trade back in effect.” Source: Satoshi Stacker Amid ongoing financial and macroeconomic uncertainty, spot Bitcoin ETFs have experienced a volatile April, with nine out of the total 18 trading days so far being outflow days. However, a strong surge of inflows over the past week has turned the month positive, bringing total net inflows for April to approximately $2.26 billion. On the same day, Strategy founder Michael Saylor reportedly said at the Bitwise Invest Bitcoin Corporations Investor Day that BlackRock’s iShare Bitcoin ETF “will be “the biggest ETF in the world in ten years.” Related: 5 Bitcoin charts predicting BTC price rally toward $100K by May Just two days prior, on April 23, BlackRock’s iShare Bitcoin ETF (IBIT) was awarded the “Best New ETF” at the annual etf.com ETF awards. IBIT was also the recipient of Crypto ETP of the year. Meanwhile, Bitcoin’s spot price continues to hover around the $95,000 price level, currently trading at $94,613 at the time of publication, according to CoinMarketCap data. Institutions are continuing to raise their bullish price targets. Billion-dollar asset manager ARK Invest recently raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.” ARK’s “bear” and “base” case scenarios for the price of Bitcoin were also bumped up to $500,000 and $1.2 million. Magazine: Pokémon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express
In today’s dynamic cryptocurrency market, many investors and users hold a diverse portfolio of digital assets, including Bitcoin, Ethereum, and various altcoins. Managing these assets efficiently and securely requires a reliable multi-cryptocurrency wallet. These wallets eliminate the need for multiple single-asset wallets, providing a unified platform to store, send, receive, and often exchange a wide … Continue reading "The Best Multi-Cryptocurrency Wallets for Managing Your Diverse Portfolio in 2025" The post The Best Multi-Cryptocurrency Wallets for Managing Your Diverse Portfolio in 2025 appeared first on Cryptoknowmics-Crypto News and Media Platform .
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Since Bitcoin reclaimed the $90K level on Tuesday, market sentiment has started to shift dramatically. After weeks of uncertainty and sideways movement, Bitcoin’s strong price recovery is bringing a wave of optimism back into the crypto space. Price action is signaling the potential start of a major recovery rally, with bulls gaining momentum and eyeing higher resistance levels. However, investors must remain cautious. Global tensions, particularly the ongoing trade war between the US and China, continue to cast a shadow over financial markets. These geopolitical factors could heavily influence Bitcoin’s trajectory in the coming months—or even years—depending on how negotiations evolve. Despite these risks, new data from CryptoQuant supports the growing bullish narrative. The Bitcoin Advanced Sentiment Index has climbed to a strong reading of 67%, suggesting that confidence is returning among market participants. Historically, such elevated sentiment levels have been linked with sustained bullish trends , especially when reinforced by solid technical breakouts. Bitcoin Faces Turning Point As Bulls Gain Short-Term Control Bitcoin is entering a pivotal moment that could shape the next phase of the market. After reclaiming key resistance levels and pushing above $90K, bulls are now in control of short-term price action. The question is whether this momentum can be sustained, or if a deeper correction still lies ahead. Global instability, especially the ongoing trade tensions between the US and China, continues to cloud the outlook. Supply chain risks, uncertain monetary policy, and geopolitical pressures are keeping markets on edge. While crypto has often been seen as a hedge against such macroeconomic stress, it remains vulnerable to shifts in global sentiment. Despite the risks, some analysts are confident. Top analyst Axel Adler stated on X: “I don’t think bears in the futures market have any chance.” Referencing the overwhelming bullish positioning in derivatives markets. Futures open interest and funding rates are both rising, indicating growing confidence among traders. However, this kind of surge must be supported by spot market demand to sustain the rally. If buyers are concentrated only in leveraged markets, the price may lack the real backing needed for a long-term breakout. Without steady spot accumulation, selling pressure could eventually overtake momentum. BTC Price Pushes Forward, But Key Resistance Looms Bitcoin is trading at $94,200 after a brief dip to $91,000 earlier today, showing resilience as bulls continue to dominate short-term momentum. The bounce from the lower levels reinforces the idea that buyers are stepping in quickly to defend key support zones. However, the real challenge lies just ahead. To confirm the sustainability of this recovery rally, BTC must decisively reclaim the $95,000–$96,000 range. This zone remains a critical resistance area, and a breakout above it would likely trigger the next leg up toward $100,000. Still, analysts caution that this move might not happen immediately. Instead, Bitcoin could enter a consolidation phase below $95,000 for several days or even weeks as the market absorbs recent gains. This would allow sentiment and structure to reset without invalidating the overall bullish trend. Holding above the $90K–$91K zone during any retests will be essential to maintain bullish confidence. For now, bulls remain in control, but the next breakout needs strong volume and continued demand to avoid another rejection. Until then, traders should be prepared for choppy price action as BTC navigates this key resistance region. Featured image from Dall-E, chart from TradingView