Coinbase CEO Brian Armstrong predicted that Bitcoin might “take over” as the world’s next reserve currency if Congress doesn’t tackle rising national debt quickly. With America’s national debt sitting comfortably around the $37 trillion mark, Armstrong is warning that the burden could one day be the reason the dollar is dethroned by the premier crypto as the reserve currency of the world. “I love Bitcoin, but a strong America is also super important for the world,” the Coinbase boss said in a June 3 post on the X social media platform. “We need to get our finances under control.” If the electorate doesn't hold congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency. I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control. https://t.co/aeBE7pUuHo — Brian Armstrong (@brian_armstrong) June 4, 2025 His worries over the debt crisis came as House Republicans passed President Donald Trump’s so-called “One big, beautiful bill” in May that extends tax cuts, boosts military spending, and cuts Medicaid, food aid, and clean energy. Six Nobel Prize-winning economists, including Paul Krugman and Joseph Stiglitz, argued in a June letter that the bill’s structural design would increase inequality and add over $3 trillion to the US debt. Fears of inflation and fiscal strain fuel strong interest in Bitcoin, an anti-inflationary asset with a fixed supply. Investors wary of the government’s apparent failure to rein in its spending are preparing for runaway inflation over the long term by pivoting to the top crypto as the safer bet than the dollar. Tesla CEO Elon Musk also slammed the bill on Tuesday, calling it a “massive, outrageous, pork-filled Congressional spending bill” and a “disgusting abomination.” Musk collaborated with Trump to establish the Department of Government Efficiency (D.O.G.E.), which triggered controversy due to the agency’s aggressive approach to target various government departments to identify and recommend cost cuts to Trump and Congress. But the wheels have fallen off that initiative. Musk has clarified that he will dedicate most of his time to Tesla, SpaceX, and his other companies from now on. Armstrong Isn’t Alone Coinbase’s Brian Armstrong isn’t the only person concerned about what might happen if America runs out of people to buy its soaring debt. BlackRock CEO Larry Fink said in a letter to shareholders earlier this year that America’s rising national debt threatens the dollar’s status as the global reserve currency, potentially leading to decentralized assets like Bitcoin taking its place. Bitcoin has historically served as a safe haven during economic tumult, such as the pandemic, and could benefit long-term from eroding trust in fiat systems, especially with the US fiscal outlook worsening. Meanwhile, US President Trump has previously floated using Bitcoin to solve the mounting sovereign debt crisis.
CleanSpark mined 694 BTC—up 9.4% from April—while boosting its hashrate to 45.6 EH/s and expanding its treasury to 12,502 BTC. The company also sold 293.5 BTC for $30 million in revenue. Meanwhile, Marathon hit a record 950 BTC mined in May—a 35% jump—with 282 blocks mined. Despite industry challenges like soaring difficulty and network hashrate, Marathon’s self-operated mining pool and infrastructure stack gave it an edge. However, a legal cloud looms after Malikie Innovations sued both Marathon and Core Scientific over ECC patent claims. CleanSpark Mined 694 BTC in May CleanSpark reported an impressive uptick in its Bitcoin mining performance for May 2025, producing 694 BTC. This is an increase of 9.4% compared to April’s 633 BTC. The company also boosted its hashrate to 45.6 exahashes per second, up from 42.4 the previous month, and expanded its contracted power capacity to 987 megawatts. These achievements contributed to CleanSpark’s growing Bitcoin treasury, which now holds 12,502 BTC. This is also more than double the amount it held a year ago. This growth occurred without any new equity issuance since November of 2024. CleanSpark’s May highlights CEO and president Zach Bradford hailed May as a strong execution month due to improvements in efficiency and the company's infrastructure-first strategy. CleanSpark is currently the sixth-largest public Bitcoin holder. On June 3, after the release of its May performance report, the company’s shares rose 6.5% intraday. Over the past month, CleanSpark’s stock also managed to gain 13.8%, outpacing the Nasdaq . ClearSpark’s stock price over the past month (Source: Google Finance ) Additionally, the company sold 293.5 BTC at an average price of $102,254 per coin, generating approximately $30 million in revenue. CleanSpark’s most recent quarterly earnings showed $182 million in revenue—a 62.5% increase year-over-year—though it still posted a net loss of $139 million. CleanSpark’s positive performance comes amid a broader uptick in mining activity among its competitors. Riot Platforms posted an 11% increase in mined Bitcoin after producing 514 BTC in May compared to 463 in April. Shares of both MARA and Riot Platforms rose After their respective announcements. Riot Platform stock price over the past 24 hours (Source: Google Finance ) Mara Hits Record 950 BTC in May Marathon Digital Holdings (Mara), which is one of the largest publicly traded Bitcoin mining firms in the US, also achieved a record-breaking month in May after producing 950 BTC despite a rising Bitcoin network hashrate and increasing mining difficulty. This was a huge 35% increase in production compared to April and included the highest number of blocks ever mined by the company in a single month—282 blocks. This number rose 38% month-over-month. The milestone happened despite the ongoing challenges in the mining sector, including elevated network difficulty and soaring hashrate levels. As of the end of May, Mara’s total Bitcoin holdings stood at 49,179 BTC, valued at approximately $5.2 billion. Notably, the company did not sell any Bitcoin during the month, and further expanded its already large reserve. MARA’s May highlights Chief financial officer Salman Khan attributed part of this strong performance to Mara’s strategic advantage of operating its own mining pool, which allows the company to avoid paying fees to third-party operators and retain the full value of mined rewards. Chairman and CEO Fred Thiel pointed out that May was the most productive month for the firm since the April 2024 Bitcoin halving. He believes that the company’s vertically integrated technology stack and self-operated pool make Mara unique among publicly traded mining companies. Thiel also mentioned that the firm has consistently outperformed the network average in block reward ”luck” by more than 10%, giving it an edge in block production efficiency. This achievement comes at a time when the Bitcoin mining environment as a whole is becoming increasingly competitive and resource-intensive. Blockchain.com data shows that the Bitcoin network’s hashrate reached a record 942 EH/s on May 31. Meanwhile, Bitcoin’s mining difficulty rose above 126 trillion after an adjustment on May 30. This is a measure of how hard it is to find a new block, and only adds more pressure on mining firms to innovate and scale effectively. Despite these headwinds, Mara’s strong May performance proves the growing importance of operational control, infrastructure investment, and strategic advantage in the very competitive Bitcoin mining sector. Patent Lawsuit Targets Bitcoin Miners Despite these impressive May results, things are not going well for all miners. Malikie Innovations, a firm that acquired more than 32,000 patents from BlackBerry in 2023, launched legal action against two of the largest Bitcoin mining companies in the United States—Marathon Digital Holdings and Core Scientific. The lawsuits accuse the firms of infringing on patents related to Elliptic Curve Cryptography (ECC), which is a core technology used in the Bitcoin blockchain. Malikie now claims to own the technology through its patent acquisitions. The filings allege that the Bitcoin protocol utilizes cryptographic innovations that fall under Malikie’s intellectual property portfolio, and that Marathon and Core Scientific are profiting from unauthorized use of these methods in their mining operations. While the cases target corporate miners, experts suggest individual Bitcoin users are unlikely to face similar legal risk. Attorney Aaron Brogan explained that suing individuals is not practical, as they are typically not lucrative targets. He added that mining companies, on the other hand, hold a lot of assets, making them much more vulnerable to such lawsuits. If Malikie is successful, the companies could be liable for up to six years of unpaid royalties. This figure could potentially push the defendants toward bankruptcy depending on the court's assessment of damages. Legal experts see broader implications if Malikie were to win. Brogan warned that a victory could establish a precedent for even more lawsuits against other Bitcoin mining companies, which could cause major legal and financial uncertainty across the industry. However, most analysts believe Malikie’s real aim is not to destabilize the Bitcoin network, but to negotiate settlements or licensing deals. Crypto attorney Michael Bacina explained that so-called “patent trolls” usually seek financial compensation rather than full court victories, and Malikie is likely pursuing a similar strategy. Even if infringement is found, Bacina pointed out that the debate may continue over whether use of open-source technology like Bitcoin actually constitutes a violation of these patents. Others, like AMLBot legal head Niko Demchuk, cast doubt on the strength of Malikie’s case due to the possibility that the patents in question are expired or only cover specific implementation details, rather than the fundamental ECC algorithms used by Bitcoin. Overall, the outcome of the case could hinge on how the court interprets the patents' scope.
Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the United States, made a new statement about the Bitcoin and dollar conflict. Sharing from his X account, Coinbase CEO touched on the increasing national debt of the United States and argued that if this problem is not resolved, Bitcoin will become the global reserve currency. Armstrong warned that Bitcoin could replace the dollar as the global reserve currency if Congress does not swiftly address the $37 trillion U.S. debt. Stating that his post does not mean that he is against Bitcoin, the Coinbase CEO said that he likes BTC, but the financial future of his country is also important. “If voters fail to hold Congress accountable to reduce the US debt and begin paying it down, Bitcoin will emerge as the global reserve currency. “I love Bitcoin, but a strong America is also very important for the world. We need to get our finances under control.” Armstrong’s comments come after the US House of Representatives advanced a spending bill backed by Trump that would extend tax cuts, increase military funding, and cut programs like health care and food aid and clean energy. The spending bill has been criticized for making debt burdens worse. At this point, experts believe that interest in Bitcoin will increase due to financial distress. *This is not investment advice. Continue Reading: Coinbase CEO Brian Armstrong Reveals His Big Prediction About Bitcoin (BTC) and the Dollar!
Key takeaways : Cardano’s price is expected to surpass $0.967 in 2025. By 2028, ADA/USD could decline and reach $3.11. By 2031, Cardano might reach a maximum price of $9.86 Cardano is a third-generation blockchain platform launched in 2017 by Ethereum co-founder Charles Hoskinson. Designed for decentralized applications and smart contracts, it uses Ouroboros—a unique, energy-efficient Proof of Stake consensus mechanism. Cardano’s two-layer architecture separates transactions from smart contracts, enhancing scalability and flexibility. Its native cryptocurrency, ADA, is used for transaction fees, staking, and governance, allowing holders to influence the platform’s future. Emphasizing a research-driven, peer-reviewed development approach, Cardano aims to tackle blockchain challenges like scalability and sustainability, making it a strong alternative to platforms like Ethereum. Perhaps you’re wondering: with its innovative technology, can Cardano’s ADA reach new all-time highs soon? Let’s uncover what the future holds for Cardano. Overview Cryptocurrency Cardano Token ADA Price $0.6981 Market Cap $26.61 Billion Trading Volume (24-hour) $538.98 Million Circulating Supply 35.33 Billion ADA All-time High $3.10 on Sept 02, 2021 All-time Low $0.01735 on Oct 01, 2017 24-hour High $0.6995 24-hour Low $0.6772 Cardano price prediction: Technical analysis Metric Value Volatility 6.31% 50-day SMA $ 0.723497 14-Day RSI 40.01 Sentiment Neutral Fear & Greed Index 64 (Greed) Green Days 13/30 (43%) Cardano ADA recovers slightly ADA price analysis 1-day chart ADA/USD 1-Day Chart The 1-day chart for Cardano (ADA/USD) on June 4 shows a price decline from a peak near 1.300 to 0.735, now at 0.804 with a 3.34% drop. The price is near the 20-period SMA at 0.804, indicating potential support. RSI at 46.87 suggests neutral momentum, close to oversold territory at 43.59. A break above 0.904 could signal a bullish trend toward 1.000, but a drop below 0.666 may test 0.569. Expect short-term consolidation with a cautious outlook; watch for a breakout or breakdown past these levels for a clearer direction. ADA price analysis 4-hour chart ADA/USD 4-hour Chart The 4-hour chart for Cardano (ADA/USD) shows a price at 0.697, down 0.14%, with a range of 0.684 to 0.700. The price is near the 20-period SMA at 0.704, suggesting potential resistance. The MACD indicates bearish momentum with a value of -0.004, and the Balance of Power at 0.25 shows mild buying pressure. A break above 0.718 could target 0.740, but a drop below 0.684 may test 0.663. Expect short-term consolidation with a bearish bias unless a breakout occurs; monitor for a decisive move past these levels for clearer direction. ADA technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 $ 0.659288 BUY SMA 5 $ 0.690309 BUY SMA 10 $ 0.720002 SELL SMA 21 $ 0.747907 SELL SMA 50 $ 0.723497 SELL SMA 100 $ 0.718567 SELL SMA 200 $ 0.661775 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 $ 0.726619 SELL EMA 5 $ 0.713864 SELL EMA 10 $ 0.692149 BUY EMA 21 $ 0.689241 BUY EMA 50 $ 0.722917 SELL EMA 100 $ 0.756131 SELL EMA 200 $ 0.726008 SELL What to expect from Cardano price analysis next The 4-hour chart for Cardano (ADA/USD) at 0.697 shows a 0.14% decline, with resistance at 0.718 and support at 0.684. MACD signals bearish momentum, but the Balance of Power at 0.25 suggests mild buying pressure. The 1-day chart at 0.804 shows a 3.34% drop, with RSI at 46.87, indicating neutral momentum near support at 0ರ A break above 0.904 could target 1.000, while a drop below 0.666 may test 0.569. Expect short-term consolidation with a bearish bias on the 4-hour chart unless 0.718 breaks; the 1-day chart suggests a potential for a bullish move if momentum shifts. Monitor key levels for direction. Is Cardano a good investment? Cardano (ADA) presents a mixed investment opportunity. It is a third-generation blockchain that aims to solve scalability issues and enhance security through its Proof-of-Stake mechanism. While some analysts predict significant price increases by 2030, others caution that it remains a high-risk investment due to the volatile nature of the crypto market. Investors should consider their risk tolerance and research before investing, as Cardano’s future performance is uncertain and contingent on market conditions and technological advancements. What will Cardano be worth in 2025? ADA might reach a maximum price of $0.9665, with an average trading price of about $0.8824 and a minimum price of $0.8475. What will Cardano be worth in 2030? In 2030, ADA’s average forecast price could be $5.82. Its minimum and maximum trading price is expected to be $5.63 and $6.75, respectively. What is the Cardano forecast for 2040? Predicting Cardano’s (ADA) price in 2040 is highly speculative as it depends on multiple factors, including adoption, regulatory developments, technological advancements, and macroeconomic conditions. However, if Cardano continues its development in smart contracts, decentralized applications (dApps), and blockchain efficiency, it could see widespread adoption, driving its price higher. Some optimistic projections suggest that ADA could reach double-digit prices, possibly ranging from $10 to $50 or more, if the cryptocurrency market continues to expand and Cardano establishes itself as a leader in blockchain technology. However, in a bearish scenario, where regulatory hurdles and competition slow its progress, ADA could struggle to maintain high valuations. What will be the future price of Cardano in 2050? Predicting Cardano’s (ADA) price in 2050 is highly speculative, but if blockchain adoption continues to grow and Cardano successfully scales its smart contract ecosystem, its price could see significant appreciation. In a bullish scenario, ADA could reach $50 to $100 or even higher if it becomes a dominant blockchain platform with real-world utility in finance, governance, and enterprise solutions. However, in a bearish scenario where adoption stagnates or regulations hinder growth, ADA could remain below $10. The price will depend on mass adoption, technological advancements, global regulations, and overall cryptocurrency market trends over the coming decades. Will Cardano recover? Cardano’s recovery potential depends on market sentiment and adoption. Despite past challenges, its projected price increase in 2025, potentially reaching $1, has significantly bolstered confidence in the coin’s future. Will Cardano reach $5? Based on our analysis, Cardano is likely to surpass $5 by 2030, with a forecasted range of around $6.75. This projection is driven by Cardano’s continued technological advancements, growing adoption, strategic partnerships, and increasing market confidence, indicating a positive long-term growth trajectory for the cryptocurrency market. Will Cardano reach $10? ADA is predicted to reach $10 by 2031. By this time, the coin is expected to attain a maximum price of $9.8 to $10 Will Cardano reach $50? Cardano is trading around $0.69, with an all-time high of $2.80 in early 2021. While not impossible, reaching $50 in the next few years is highly uncertain. Does Cardano have a good long-term future? Cardano (ADA) has the potential for a positive long-term future, primarily driven by its technological advancements and growing ecosystem. Predictions indicate that by 2030, Cardano could see significant growth, with estimates suggesting a rise to around $6.75. The platform’s unique features, such as its focus on scalability and partnerships with various institutions, position it well for future adoption. However, its success will depend on overcoming regulatory scrutiny and developer engagement challenges. Recent news/opinion on Cardano Cardano has taken a major step toward decentralized governance with the enactment of its Constitution, as highlighted in Messari’s Q1 report. The report notes active DRep participation, a 30% rise in stablecoin market cap, a 13% increase in DeFi diversity score, and a 5% growth in treasury balance (ADA). This milestone marks Cardano’s commitment to community-driven governance, positioning it as a leader in blockchain innovation. Messari’s new report highlights a big step for Cardano: the Constitution is live, and community governance has begun with active DReps now in the process. https://t.co/Z3P2zbafWi — Cardano Community (@Cardano) May 22, 2025 Cardano price prediction June 2025 As for June 2025, Cardano price is expected to lowest at $0.6622. Given the average expected price of $0.7319, the ADA price may rise to $0.7529 at maximum. Cardano Price Prediction Potential Low Potential Average Potential High Cardano price prediction June 2025 $0.6622 $0.7319 $0.7529 Cardano price prediction 2025 According to the Cardano price prediction, ADA might reach a maximum price of $0.9665, with an average trading price of about $0.8824 and a minimum price of $0.8475. Cardano Price Prediction Potential Low Potential Average Potential High Cardano price prediction 2025 $0.8475 $0.8824 $0.9665 Cardano price predictions 2026-2031 Year Minimum Price Average Price Maximum Price 2026 $1.19 $ 1.23 $ 1.46 2027 $1.80 $1.84 $ 2.11 2028 $2.61 $2.71 $3.11 2029 $3.84 $3.97 $4.57 2030 $5.63 $5.82 $6.75 2031 $8.42 $8.71 $9.86 Cardano price prediction 2026 The Cardano market price is expected to peak at $1.46 in 2026. However, it might fall to $1.19, with an average of $1.23. Cardano price prediction 2027 The price for Cardano is predicted to decline and reach a maximum value of $2.11 in 2027. On the lower end, ADA is expected to trade at $1.80, with an average of $1.84. Cardano price prediction 2028 Traders can expect an average trading price of $2.71, with minimum and maximum prices of $2.61 and $3.11, respectively, in 2028 Cardano price forecast 2029 Cardano is expected to reach an all-time high of $4.57 by 2029. However, it could fall to $3.84 with an average price of $3.97. Cardano price prediction 2030 In 2030, ADA’s average forecast price could be $5.82. Its minimum and maximum trading price is expected to be $5.63 and $6.75, respectively. Cardano price prediction 2031 In 2031, Cardano Ada’s price is expected to reach a maximum of $9.86, an average of $8.71, and a minimum of $8.42 Cardano price prediction 2025-2031 Cardano price prediction: Analysts’ ADA price prediction Firm Name 2025 2026 DigitalCoinPrice $1.50 $1.72 Coincodex $ 0.74 $ 0.42 Cryptopolitan’s Cardano price prediction According to Cryptopolitan projections, the price of ADA could reach a maximum of $0.824 in 2025. By 2026, Cardano’s price could trade at a maximum of $1.264 Cardano’s historic price sentiment Cardano price history Cardano was founded in 2015 and went live in 2017. It initially gained investor support and popularity for being affordable and environmentally friendly due to its unique PoS mechanism called Ouroboros. In 2021, Cardano implemented the smart contract feature with the Alonzo update. This update came on the ADA test network and brought the interoperability and scalability that was promised to the users earlier. The ADA price reached its all-time high during the bullish cycle of 2021 when it hit $3.09. However, its price started plummeting at the beginning of September 2021 and reached a low of $0.220 in June 2023. In 2024, Cardano peaked at $0.810 in March before dropping to $0.401 in April due to heavy selling. It traded between $0.52–$0.401 in April and $0.317–$0.423 by July, with strong support at $0.33 in August. After peaking at $0.37 in September and dipping to $0.33 in November, ADA surged to $1.1999 at the start of December, hit a maximum price of $1.3264, and closed the year at $0.8451. In January 2025, Cardano traded around $1.02 and $1.09. However, the closing price for Cardano in January was $0.9. In February 2025, ADA surged toward $0.81 but it declined toward $0.64 by the end of the month. ADA value dropped further in March as it dipped to the $0.60 range. In April, ADA price dropped below $0.55 but it later surged toward $0.7. ADA ended April at $0.7030. At the start of May, ADA price skyrocketed to $0.8. ADA ended May at $0.7599. In June, ADA is trading between $0.73 to $0.76.
At the recent XRP Las Vegas conference, Ripple CEO Brad Garlinghouse urged the XRP community to adopt a broader perspective on the company’s mission, focusing less on rivalries with other cryptocurrencies and more on Ripple’s long-term strategy to modernize international finance. Unlike many blockchain companies that aim to eliminate traditional financial institutions, Ripple’s goal is to integrate them into a more efficient system. Garlinghouse explained that Ripple is not trying to replace banks but rather to upgrade how they operate, particularly in cross-border payments. Through Ripple’s technology, the global banking infrastructure can be re-engineered to eliminate outdated processes, such as pre-funding and unnecessary intermediaries. Referencing Ripple’s Chief Technology Officer, David Schwartz, Garlinghouse emphasized that the company’s goal is not simply enhancing payments, but “rewiring the entire banking system.” Brad Garlinghouse drops BOMBSHELL at XRP Las Vegas “REWRITING THE ENTIRE BANKING SYSTEM AND WE UNDERESTIMATE HOW BIG THAT CHANGE IS” @Ripple $XRP pic.twitter.com/Cc6KauH6bN — EDO FARINA 🅧 XRP (@edward_farina) May 31, 2025 Ripple’s Advancing Position in the Payment Sector Garlinghouse pointed to Ripple’s growing recognition within the financial industry as proof of its progress. The U.S. Faster Payments Council recently named Ripple a key innovator in modernizing international transfers , and financial giant Morgan Stanley identified Ripple as a credible competitor to SWIFT . These acknowledgments back Ripple’s real-world impact. He encouraged the community to focus on these tangible outcomes rather than viewing XRP’s growth in terms of competition with other tokens. Ripple is Bringing Long-term Change Garlinghouse acknowledged that Ripple’s full impact might not be visible for another 10 to 20 years, but not all voices within the community agree. One prominent XRP advocate shared a clip of Garlinghouse at the conference, arguing that Ripple’s influence is already being felt and that the company is actively reshaping how money moves around the world today. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Garlinghouse’s comments suggest that meaningful change in global finance takes time. He urged the community to be patient and recognize the scale of what Ripple is working toward. In his words, “we underestimate how big and profound that change is.” Calling for Collaboration in the Crypto Space In addition to outlining Ripple’s mission, Garlinghouse addressed the broader blockchain ecosystem. He rejected the idea that different crypto projects must compete, stating that the crypto space is not a zero-sum game and that success comes from cooperation. He has previously called for unity and inclusion, most notably advocating for a multi-asset reserve when Bitcoin maximalists were pushing for BTC to be the only digital asset recognized by the U.S. government. Ripple is already taking steps to work with others, and its collaboration with Cardano is a notable example that could positively influence the entire market. The CEO’s message was clear: progress depends on unity, not division. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Ripple CEO Garlinghouse: Ripple Will Rewire the Entire Banking System appeared first on Times Tabloid .
President Donald Trump’s right-leaning social media firm, Truth Social, is moving forward with plans to launch crypto-based exchange-traded funds in the United States, starting with a spot Bitcoin (BTC) ETF. Truth Social Bitcoin ETF Inches Closer After SEC Filing On Tuesday, NYSE Arca, which is part of the New York Stock Exchange, filed the Form 19b-4 with the U.S. Securities and Exchange Commission for fund that would track the price of BTC. “According to the Registration Statement, the Trust seeks to reflect generally the performance of the price of Bitcoin,” the filing reads. “The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities.” In January 2024, the SEC greenlighted nearly a dozen Bitcoin funds; the products had the most successful launch in ETF history, attracting money from investors seeking seamless and regulated access to the crypto industry. Now it seems that President Trump’s company is also looking to cash in on the action. The filing was made on behalf of crypto asset manager Yorkville America Digital, which is a partner of Trump Media & Technology Group, the operator of Truth Social. The fund would trade under the name Truth Social Bitcoin ETF, as per the filing. The custodian for the fund, if given the regulatory nod, would be Foris DAX Trust Company, which also serves as the custodian for Crypto.com’s assets. Several firms have been vying for spot crypto ETFs for altcoins ranging from Solana (SOL) to Ripple’s XRP to Dogecoin (DOGE), but Tuesday’s filing is notable given its ties to the U.S. President. The SEC has so far adopted a more lenient approach to regulating the crypto market by, for one, dismissing multiple high-profile lawsuits and probes amid new leadership . Trump Family’s Growing Crypto Empire Notably, President Trump and his family are behind a bevy of crypto-related businesses. Trump Media and Technology Group in January unveiled a new financial services and fintech brand called Truth.Fi, which would primarily focus on crypto. The firm teamed up with Crypto.com and Yorkville America Digital to launch crypto and energy ETFs, with Trump Media stating it planned to invest up to $250 million of its own cash into the products. Trump’s ambitions in the world of crypto took another leap last week after Trump Media announced it had finished raising $2.4 billion in stock and debt to create a corporate Bitcoin treasury. Meanwhile, World Liberty Financial (WLFI), the financial protocol backed by the Trump family, recently announced the launch of its own USD1 stablecoin, which will first be available on Ethereum and the Binance-linked BNB Chain.
The Singapore High Court has rejected the moratorium application filed by Zettai, the parent company of crypto exchange WazirX, which sought to restructure the firm and redistribute funds to users affected by last year’s $234 million hack . Zettai also revealed to the court that in March it had opened a new firm in Panama and rebranded as Zensui. WazirX had secured a four-month conditional moratorium from the Singapore High Court in September 2024. In a statement, WazirX revealed to users that they plan to appeal the decision of the Singapore High Court. WazirX posted on X, “Our primary focus remains to begin distributions as soon as possible. Towards this goal, we are currently evaluating all available legal options in consultation with our legal and advisory teams and will be appealing against the decision of the Singapore High Court.” The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan. While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with all legal and regulatory processes. Our primary… pic.twitter.com/jrXFFwnMBA — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) June 4, 2025 Singapore High Court Highlights WazirX’s Lack of Transparency According to Sonu Jain, one of the counsels in the case representing WazirX users, the court’s dismissal of the exchange’s moratorium application highlighted the lack of transparency from the exchange’s side. The exchange’s parent firm had not revealed to the court or to its users about its move to Panama and rebranding to Zensui. The Monetary Authority of Singapore on 30 May issued a notice warning that all unlicensed exchanges operating in Singapore need to stop their services before 30 June. Given that Zettai, the parent company of WazirX, is no longer registered in Singapore or India, it may face complications in its restructuring scheme. To complicate matters further, there is an ownership conflict of WazirX between Zettai and Binance as well. BREAKING: WazirX moves company from Singapore to Panama, rebrands as Zensui to dodge Singapore regulations. [cc @TheWeb3CA ] pic.twitter.com/E4vq54TITe — Crypto India (@CryptooIndia) June 4, 2025 WazirX Now Open to Litigations in India The crypto exchange had secured a four-month conditional moratorium from the Singapore High Court, which essentially protected the company from litigation in different regions. The moratorium ends on 6 June. Now that the court has rejected the exchange’s application, it opens the door for Indian WazirX users to file litigation in India to seek unhacked locked funds from the exchange. According to Sonu, WazirX users may have to wait years to get their funds back. The post Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama appeared first on Cryptonews .
BlackRock, the world’s largest asset manager, has executed a significant portfolio adjustment by selling over 5,300 Bitcoin and acquiring more than 27,000 Ethereum, signaling a notable shift in institutional crypto
BitcoinWorld Bitcoin: SolarBank’s Strategic Move Adds Crypto to Reserves In a significant move signaling growing institutional adoption of digital assets, Nasdaq-listed renewable energy company SolarBank has announced plans to incorporate Bitcoin (BTC) into its reserve assets . This decision places SolarBank among a growing list of publicly traded companies exploring cryptocurrency as part of their broader financial strategy. Why Would SolarBank Add Bitcoin to Reserve Assets? You might be wondering why a company focused on solar energy would venture into the world of cryptocurrency. SolarBank’s decision reflects a broader trend among corporations seeking alternative strategies for managing their balance sheets in the current economic climate. The primary motivations for companies adding Bitcoin to their reserve assets often include: Inflation Hedge: Protecting capital against the potential devaluation of fiat currencies over time. Bitcoin’s fixed supply is seen by many as a store of value similar to digital gold. Potential for Appreciation: While volatile, Bitcoin has shown significant long-term growth potential, offering the possibility of increasing the value of corporate reserves. Diversification: Adding a non-correlated asset to the corporate treasury portfolio can help reduce overall risk. Alignment with Innovation: As a technology-focused company, embracing a leading digital asset like Bitcoin can align with a forward-thinking brand image. ESG Narrative (Potential): For a renewable energy company like SolarBank , there’s a potential narrative link to the increasing use of renewable energy in Bitcoin mining, though this aspect requires careful consideration and communication. Understanding SolarBank’s Plan for Bitcoin Custody According to reports, SolarBank is actively evaluating how it will hold its planned Bitcoin reserves. The company is considering two primary options for custody: Coinbase Prime: Utilizing a reputable third-party institutional custodian like Coinbase Prime. This platform offers tailored services for corporate clients, including secure storage, trading execution, and reporting. Self-Custody: Managing the private keys themselves using hardware wallets or other secure methods. This option provides maximum control but also carries significant responsibility and technical requirements to ensure security. Choosing between these options involves weighing factors like security infrastructure, technical expertise, compliance requirements, and desired level of control. Coinbase Prime offers a managed solution, while self-custody demands internal expertise in digital asset security. Timing and Amount: What Factors Influence SolarBank’s Bitcoin Purchase? SolarBank has stated that it has not yet made any Bitcoin purchases. The timing and amount of its initial investment will depend on several key factors: Market Conditions: Evaluating the current price and volatility of Bitcoin to identify potentially favorable entry points. Capital Requirements: Ensuring that the investment in reserve assets does not compromise the capital needed for core business operations, growth projects, and other strategic initiatives. Liquidity Needs: Maintaining sufficient liquidity to meet short-term obligations. Regulatory Landscape: Monitoring the evolving regulatory environment surrounding corporate holdings of digital assets. This approach indicates a cautious and deliberate strategy, aligning the digital asset investment with overall financial health and market outlook, a common practice for companies engaging in corporate treasury management. SolarBank Joins the Institutional Adoption Wave SolarBank is not the first publicly traded company to add Bitcoin to its balance sheet, but its decision highlights the expanding nature of institutional adoption across different sectors. Companies like MicroStrategy have made significant, long-term commitments to Bitcoin as a primary treasury reserve asset. Tesla also famously added Bitcoin to its balance sheet and briefly accepted it for payments. Other examples include Square (now Block) and smaller firms across various industries. This trend suggests a growing acceptance of Bitcoin not just as a speculative asset, but as a legitimate component of a diversified corporate treasury strategy. For SolarBank, a company rooted in traditional infrastructure and energy, this move is particularly noteworthy and could signal a broader shift in how companies perceive and utilize their reserve assets . Benefits and Challenges of Adding Bitcoin to Corporate Reserves Adding Bitcoin to reserve assets comes with potential benefits and significant challenges that companies like SolarBank must navigate. Potential Benefits: Potential for Growth: Historically, Bitcoin has outperformed many traditional assets over the long term. Inflation Protection: Acts as a hedge against the declining purchasing power of fiat currency. Increased Visibility: Can generate investor interest and positive media attention, particularly from those interested in innovation and digital assets. Diversification: Offers low correlation with traditional financial markets at times. Challenges: Volatility: Bitcoin’s price can experience rapid and significant swings, potentially impacting the reported value of reserve assets . Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving globally, posing potential risks. Accounting Treatment: Current accounting rules (like FASB guidance) often require companies to mark down the value of crypto holdings if the market price drops below the purchase price, even if the price later recovers (though this is changing with new FASB rules effective for fiscal years beginning after Dec 15, 2024, allowing fair value accounting). Security Risks: Custody requires robust security measures to protect against theft or loss of private keys. Public Perception: Some investors or stakeholders may view cryptocurrency investments as risky or outside the company’s core business. What Does This Mean for SolarBank and the Market? For SolarBank , this move could position it as an innovative player in the energy sector, potentially attracting a new type of investor interested in companies with exposure to digital assets. It also signifies confidence in Bitcoin as a long-term store of value. For the broader market, SolarBank’s decision adds another data point to the growing narrative of institutional adoption . Each new company, especially one from a non-traditional sector like renewable energy, reinforces the idea that Bitcoin is maturing as an asset class being considered for corporate treasury management and reserve assets . Actionable Insights for Investors and Companies For investors, SolarBank’s announcement provides a new angle to consider when evaluating the company. It’s important to understand the potential impact of Bitcoin price volatility on SolarBank’s financial statements and overall risk profile. Researching the company’s specific custody plans and risk management strategies is crucial. For other companies observing this trend, SolarBank’s move serves as an example of exploring alternative reserve assets . Companies considering a similar strategy should conduct thorough due diligence on Bitcoin , understand the associated risks and benefits, evaluate custody solutions, and consider the potential impact on financial reporting and shareholder perception. Consulting with financial and legal experts experienced in digital assets is essential. Conclusion SolarBank’s plan to add Bitcoin to its reserve assets is a notable development in the ongoing story of institutional adoption . As a Nasdaq-listed renewable energy company, its decision bridges traditional finance with the digital asset space, driven by motivations like inflation hedging and potential growth. While the timing and amount of the purchase remain subject to market conditions and capital needs, this strategic consideration by SolarBank underscores the increasing acceptance of Bitcoin as a viable component of corporate treasury management. This move is a testament to the evolving landscape of corporate finance in the digital age. To learn more about the latest Bitcoin trends , explore our article on key developments shaping Bitcoin institutional adoption . This post Bitcoin: SolarBank’s Strategic Move Adds Crypto to Reserves first appeared on BitcoinWorld and is written by Editorial Team
The post U.S.-Pakistan Crypto Alliance? Bilal Bin Saqib Meets Trump’s Digital Asset Chief appeared first on Coinpedia Fintech News In a high-level meeting aimed at advancing digital asset cooperation, Pakistan’s Minister for Crypto and Blockchain, Bilal Bin Saqib , met with Robert “Bo” Hines , Executive Director of former President Donald Trump’s Council on Digital Assets . The conversation marked a significant move towards cross-border collaboration on crypto innovation and infrastructure development. Key Highlights of the Bilal-Hines Meeting During the strategic dialogue, the two leaders explored several critical areas: Potential U.S.-Pakistan crypto partnerships The future of decentralized finance (DeFi) Bitcoin’s role in sovereign economic strategy Bilal Bin Saqib declared a bold vision during the session: “It is my mission to position Pakistan as a global leader in digital assets.” He also announced plans to establish a Strategic Bitcoin Reserve (SBR) , highlighting Pakistan’s commitment to digital asset adoption and economic modernization. Pakistan’s Infrastructure Push for Crypto and AI Saqib revealed Pakistan’s ambitious plan to allocate 2,000 megawatts of electricity to support crypto mining and AI zones across the country. This initiative marks a major step toward building a digital economy powered by blockchain and artificial intelligence. Adding to the momentum, on May 21st , Pakistan’s Finance Ministry officially approved the creation of a dedicated crypto regulatory body to oversee and manage all crypto-related activities. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Pakistan Makes Another Big Move: New Draft on Crypto Regulation , Will the U.S. and Pakistan Lead Crypto Innovation Together? At the meeting, both Hines and Saqib shared a mutual interest in fostering U.S.-Pakistan collaboration on digital assets. The joint approach aims to empower youth, drive innovation , and boost economic inclusion through blockchain ecosystems. Notably, Pakistan also held separate discussions with the White House Counsel’s Office , underscoring its growing alignment with the U.S. on virtual asset strategies. Strategic Bitcoin Reserve and Global Spotlight The Pakistan-U.S. dialogue follows Pakistan’s recent announcement of its Strategic Bitcoin Reserve (SBR) at the Bitcoin 2025 conference in Las Vegas . With this bold step, Pakistan became the first Asian country to integrate Bitcoin into its sovereign asset strategy . Final Thoughts Pakistan’s crypto leadership vision is no longer just talk. With dedicated energy allocations, regulatory frameworks, and strategic international ties, the country is fast positioning itself as a trailblazer in digital assets . 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The council, led by Bilal bin Saqib, advises the government on blockchain policies, Web3 development, and AI-driven financial innovation. How many crypto users are there in Pakistan? Pakistan has about 25 million active crypto users and sees an estimated $300 billion in annual transaction volume. How much tax do I pay on crypto in Pakistan? Starting July 1, 2025, profits from selling crypto face a flat 15% Capital Gains Tax (CGT). Crypto earned from mining/staking is taxed as regular income (5-35%).