Massachusetts is set to join a growing list of U.S. states embracing cryptocurrency as part of their financial strategy. Republican Senator Peter Durant of Worcester County has introduced legislation to create a “Commonwealth Bitcoin Strategic Reserve.” This proposal marks a pivotal shift for a state traditionally known as a Democratic stronghold. Massachusetts Targets BTC Adoption With Strategic Reserve Proposal State Senator Peter Durant has filed a bill advocating for the establishment of a Bitcoin reserve. The proposed “Commonwealth Bitcoin Strategic Reserve” aims to allocate up to 10% of the state’s $9 billion stabilization fund toward Bitcoin and other digital assets. The legislation specifies that funds used for the reserve must be unspent, uncommitted, or unencumbered, ensuring no interference with existing financial obligations. Senator Durant emphasized that the reserve would not replace traditional investments but act as a supplementary strategy. Additionally, the proposed reserve offers flexibility by permitting the state treasury to loan Bitcoin and other assets under its control. This provision will generate additional returns while maintaining a balanced financial risk profile. The legislation also allows the use of qualified custodians or exchange-traded products (ETPs) to secure these digital assets. This approach aligns with the growing adoption of cryptocurrencies as a viable financial tool in the private and public sectors. This Is Developing, Check Back For More The post Massachusetts To Embrace Bitcoin Strategy With New Reserve Bill, Here’s All appeared first on CoinGape .
In a significant move for the cryptocurrency landscape, Massachusetts State Senator Peter Durant has unveiled a proposal for a Strategic Bitcoin Reserve. As the first predominantly Democratic state to consider
The recent surge in Bitcoin’s price, fueled by CPI data, has sparked interest as it crosses the $100,000 threshold. The momentum, characterized by $500 million in stablecoin inflows on Binance,
Bank of America says a customer is out of luck after a “phantom hacker” drained $20,000 from her account. Chicago-based business owner Milan Jackson says it all started when she received a phone call from someone who claimed to work at the bank, reports ABC 7. The man on the phone said someone was trying to take $20,000 from Jackson’s account, warning she needed to act fast to stop the transfer. Jackson says the man’s phone number matched the number on the back of her BofA debit card, which made the call seem legitimate. The imposter told Jackson to protect her money by wiring $20,000 to a different account, and soon after the transaction was sent she began to realize something was wrong. “I get this weird feeling, and so I go into Bank of America, and they confirm that this is a scam. I shut the phone off. I’m hysterically crying… I can’t believe this is my life. How did this happen and how am I going to get this money back?” The FBI calls this type of theft “the phantom hacker,” and special agent Rachel LaRocque says these types of scams are growing more sophisticated. “They may even be able to spoof that bank’s phone number, so the number on your caller ID or cell phone might show that it’s the bank. Scammers do not discriminate against anyone. They want money from anyone they can take it from.” In cases like these, Bank of America says it tries to claw back funds but is not responsible for the theft. The bank says it will never call customers and ask them to send money or a wire transfer. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram 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 ‘Phantom Hacker’ Drains $20,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report appeared first on The Daily Hodl .
CPI boost fueled $500 million in stablecoin inflows on Binance, propelling Bitcoin past $100k.
As the crypto market accelerates towards a monumental bull run, savvy investors are eyeing the next big opportunities for explosive profits. Bitcoin (BTC) remains dominant, but altcoins like Ethereum (ETH) and the rising BigBossInu offer enormous growth potential. These leading contenders are positioned for significant gains as the market gains momentum. BigBossInu Presale Ignites: A Must-Have Opportunity BigBossInu is taking the crypto world by storm, offering innovation and exponential growth potential. Launched at a presale price of $0.000104, it raised $100,000 in minutes, showcasing immense demand. With a listing price of $0.007, early investors are already eyeing gains of 6,629%, with analysts predicting even higher returns in 2025. BigBossInu is rapidly transforming the crypto scene, with its presale driving massive interest among investors. Early backers can seize the opportunity for exceptional rewards. Equipped with innovative features and a visionary roadmap, BigBossInu is on track for transformative growth. BIGBOSSINU celebrates $100,000 raised within minutes! For a limited time, get a 50% EXTRA BONUS by using the code EXTRA50X . Don’t miss out! >> Cardano (ADA) ADA recently fell out of the top 10 cryptocurrencies by market capitalization, now ranked 11th after Tron. This drop is due to the market-wide correction and other factors like reduced investor interest and relatively low activity compared to competitors. Polygon (MATIC) Polygon continues to be a leading layer-2 scaling solution for Ethereum, gaining traction for its ability to reduce gas fees and improve transaction speeds. MATIC is also in the spotlight as a high-potential project for investors looking to diversify beyond XRP. Kaspa (KAS) & Tron (TRX) Kaspa is gaining recognition as a scalable and secure blockchain using a novel proof-of-work mechanism. It has been featured as one of the potential market leaders for 2025. TRX has climbed ahead of Cardano in market rankings, now holding a market cap of $12.04 billion. The rapid rise in TRX’s value is driven by its significant presence in the DeFi and NFT markets, as well as its expanding ecosystem. >> Conclusion As the crypto market accelerates toward a bull run, altcoins like BigBossInu, Cardano, Polygon, Kaspa, and Tron are emerging as prime opportunities for significant growth. BigBossInu’s hot presale is drawing investors. Careful research and strategic investments in these assets could yield exceptional rewards, but managing risks is essential in this evolving market. To learn more about BigBossInu and its Presale visit: Presale: https://bigbossinu.com/buy-token Website: https://bigbossinu.com Telegram: https://t.me/bigbossinu X/Twitter: https://x.com/BigBossInu Continue Reading: Bitcoin and Ethereum: Top 3 Cryptos With Sky-rocket-ing Portfolio Potential
A recent study from the University of Georgia shows a high correlation between social media use and crypto investment. The study, published in the International Journal of Bank Marketing, aims to analyze the influence of social media on investors’ behaviour towards cryptocurrencies. The research done by Kyoung Tae Kim and Lu Fan investigates the connection between time spent on social media and the propensity of people to invest in cryptocurrencies. The study shows that social media significantly influences investment decisions, including risky ones such as cryptocurrencies. Cryptocurrencies remain rather popular, even though they are characterized by high fluctuations. This study demonstrates that social media is one of the key determinants of investors’ perceptions and behaviour. The study also shows that investors who gain their information through social media are likely to invest in cryptocurrencies and view future investment in this area positively. The role of social media platforms One of the key insights of the research is the differential effect of different social media platforms on cryptocurrency investment behaviour. The study revealed that the probability of people investing in cryptocurrency grows with the number of platforms used. Some platforms seem to promote a higher level of confidence when it comes to investing, as conversations regarding cryptocurrency are often enough to sway users. According to one of the researchers, Lu Fan, the discussion surrounding cryptocurrencies has been on the rise, especially with the celebrities on social networks. He notes that many people are motivated by the desire to imitate their friends and relatives or even celebrities who also invest in the same business. Youth and financial literacy The study also shows that there is one significant pattern among young people. This study showed that the younger population is not only the main consumer of social media but also the main investor in cryptocurrencies. However, this group might not be well informed on financial matters, which may make them very sensitive to social media influence. Fan underscores the need for young adults, especially those who lack sufficient experience in handling money, to be well-guided in making the right investment decisions. He points out that while information on social media can be useful, it can also lead to investment decisions made based on hype rather than knowledge of the financial markets. The number of young adults investing in cryptocurrencies is on the rise every day across the globe. According to Bappebti, Indonesia’s commodity futures trading regulatory agency, 62% of Indonesia’s crypto investors were between 18 and 30 years old as of October 2024. This trend is in line with young people from Indonesia investing in cryptocurrencies, with 26.9% of investors being 18-24 years old and 35.1% being 25-30 years old. According to a study from Bitget Research, Generation Z and the Millennial generation are becoming more interested in cryptocurrencies. The research further found that 20% of Gen Z is the most targeted group of crypto scams. However, this group is still interested in crypto and its opportunities, especially as a means of payment. Cryptocurrency adoption This is not a trend that is limited to Asia only, as more and more young people are using cryptocurrencies. Telegram-based crypto communities in Africa expanded by 189% from the beginning of 2023 to 2024, and over 56% of its users are below 25 years old. Young people in Europe are also participating, with 32% of Millennials and 29% of Gen Z investing in cryptocurrencies, according to a 2024 study by Bitpanda and YouGov. Cryptocurrency adoption is also increasing at a faster rate than both mobile phones and the internet worldwide. According to BlackRock’s Jay Jacobs, mobile phones took 21 years and the internet 15 years to garner 300 million users, while cryptocurrencies reached the same number in just 12 years. Bitcoin stands out with a $2 trillion market cap and still leads the industry as the demand for decentralized assets grows in a digital economy. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
With Ethereum’s rise to prominence, investors are constantly on the lookout for the next token that could deliver similar success. Now, experts believe they’ve identified a potential breakout star that could achieve a staggering 15,000% growth by 2025—BigBossInu. Alongside established giants like Bitcoin (BTC), Ethereum (ETH), Injective (INJ), and Chainlink (LINK), BigBossInu is quickly gaining traction as a DeFi project with massive upside potential. Here’s why this token is catching analysts’ attention and why it could be the next big thing in the cryptocurrency space. BigBossInu: Disrupting Crypto Markets with Its Successful Presale With a presale that has attracted major interest, BigBossInu is well on its way to shaking up the crypto world. The project’s groundbreaking presale is attracting significant interest due to its innovative tokenomics and community-driven model. For early movers, BigBossInu represents a high-reward opportunity, with exponential gains on the horizon. The token’s ambitious roadmap and cutting-edge features position it as a strong candidate for substantial growth, making it a must-watch for those looking to get in early on a promising project with massive potential for returns. The dedication to regular updates, strategic marketing campaigns, and top-tier exchange listings promises to propel the project forward. Don’t miss out: $100,000 raised in minutes! Get your 50% EXTRA BONUS with code EXTRA50X—for a limited time only! >> Ethereum (ETH) remains resilient at $2,450 despite dip, ETH is holding its ground at around $2,450 after a slight decline along with Bitcoin. While anticipation for an Ethereum ETF approval remains high, its impact on price has been limited. Bitcoin (BTC) gained 2.9%, holding above $62,942, BTC is trading around $62,942, reflecting a 2.9% increase in the past day. Despite the recent gains, Bitcoin remains in a consolidation phase following its halving. Traders are watching key support levels, such as the 200-day EMA, which could signal a bullish move if held. Injective (INJ) has quickly positioned itself as a leader in decentralized trading, offering a protocol that allows users to access a wide variety of financial markets without intermediaries. Its unique cross-chain capabilities enable faster and more efficient decentralized finance solutions, making it a key player in the DeFi ecosystem. Chainlink (LINK) bounces from $15.04, bulls push above $16.60. LINK has bounced off the 20-day EMA at $15.04, indicating strong buying pressure. Bulls managed to push the price above the $16.60 resistance, signaling the possibility of a rise toward $18.30 and $19.50. >> Conclusion BigBossInu offers a unique opportunity for investors looking to capitalize on the next major cryptocurrency breakout. Looking to diversify their portfolios with both established assets and high-potential altcoins, these tokens represent a balanced strategy for capturing the next wave of crypto growth To learn more about BigBossInu and its Presale visit: Presale: https://bigbossinu.com/buy-token Website: https://bigbossinu.com Telegram: https://t.me/bigbossinu X/Twitter: https://x.com/BigBossInu The post Solana’s $1,000 Path: Why XRP and These 3 Altcoins Are Portfolio Must-Haves appeared first on TheCoinrise.com .
Bitcoin (BTC) has seen a steady price recovery following the recent release of the US Consumer Price Index (CPI) report. It is now trading above $103,000. This marks an 8% gain over the past week, driven by growing interest from large investors and a shift in market dynamics. According to the latest insights from CryptoQuant Analysts, some underlying whale activity factors might be influencing Bitcoin’s current trajectory. Related Reading: Rising Bitcoin Prices Defy Exchange Inflows: What Investors Need to Know Bitcoin Price Rebounds Amid Growing Whale Activity CryptoQuant QuickTake Platform contributor Joao Wedson has recently highlighted a noteworthy trend in whale behavior on Binance, the world’s largest crypto exchange. In a recent analysis, Wedson examined the Exchange Whale Ratio, which measures the share of Bitcoin’s largest inflow transactions relative to the total exchange volume. This metric, according to the analyst has now reached historical highs, signaling that large holders—often referred to as whales—are transferring significant amounts of Bitcoin to the exchange. The increased movement of Bitcoin by whales may indicate that they are preparing for substantial buy or sell actions, potentially amplifying market volatility. Wedson added: Stay alert! Intense movements by major players can bring volatility risks but also unique opportunities for those closely monitoring the market. Understanding New Whale Movements and Market Cycles In addition to whale activity on Binance, another CryptoQuant contributor, KriptoBaykusV2, provided insights into the emergence of new large investors in the market. According to KriptoBaykusV2, the “New Whales” indicator highlights the influx of previously inactive large investors acquiring Bitcoin. Over the past three years, this metric has grown steadily, suggesting heightened interest in the cryptocurrency market. However, the entry and exit of new whales often coincide with price swings, making it a key factor for understanding market cycles. Related Reading: Bitcoin May Target $145,000 To $249,000 Under Trump Administration: Report Historical data shows that peaks in new whale activity often align with periods of price volatility. For example, during 2021 and 2023, sharp increases in the number of new large investors were followed by significant price corrections. KriptoBaykusV2 wrote: Understanding whether the market is in a bull or bear phase is crucial for investors. Increases in the number of new whales often signal the start of bull markets, while the sharp corrections that follow these movements can indicate the onset of bear markets. This is especially evident from 2021 onwards, where these fluctuations are clearly visible Meanwhile, Bitcoin is currently trading at a price of $103,985, at the time of writing marking not only a 4.9% increase in the past day but also a nearly 10% surge in the past two weeks. Featured image created with DALL-E, Chart from TradingView
Major cryptocurrencies, including Bitcoin, Dogecoin, and Ethereum, are currently navigating a mix of bullish potential and bearish pressures in the market. The cryptocurrency market is facing critical resistance levels, and