The post Bitcoin 2025 Conference Concludes on Thursday: Key Takeaway Points from High-profile Speakers appeared first on Coinpedia Fintech News The Bitcoin 2025 Conference, held at the Venetian Convention Center in Las Vegas between May 27 and 29, brought together top-tier key opinion leaders in the cryptocurrency industry. More than 25k attendees and 300 exhibitors attended the Bitcoin 2025 Conference, thus underpinning the rising popularity of crypto assets in the United States. The Bitcoin 2025 Conference coincided with the ongoing BTC price bullish sentiment. Institutional investors – led by BlackRock, Strategy, Metaplanet, and GameStop – have doubled down their BTC purchases in the recent past. As a result, bullish sentiment will likely continue in the coming weeks and months, with some experts predicting a crypto-bullish outlook until the end of this year. Takeaways Points from Top Speakers at the Bitcoin 2025 Conference JD Vance: U.S. Vice President The attendance of JD Vance at the Bitcoin 2025 Conference reiterates Donald Trump’s support for the Bitcoin network and the wider crypto industry. Furthermore, Vance highlighted the importance of Bitcoin as a reserve asset of the United States to enhance the country’s economic stability. In his speech, Vance criticized the former administration led by President Joe Biden for brewing the operation choke point 2.0. Donald Trump Jr. And Eric Trump Donald Trump Jr. and Eric Trump are respected figures in the Trump Organization, which has doubled down in the Bitcoin investment in the recent past. As Coinpedia reported, the Trump Media plans to raise $2.5 billion by Friday to implement a Bitcoin treasury system. Their remarks and presence strengthened Bitcoin’s narrative as a store of value used by investors to bypass the siloed shackles of centralized systems. Michael Saylor Michael Saylor continues to lead Strategy’s plan to acquire as many Bitcoins as possible through leveraging global capital markets. In his speech at the Bitcoin 2025 Conference, Saylor reiterated that BTC’s market cap is en route to $100 trillion, catalyzed by its scarcity and rising demand from institutional investors. Cynthia Lummis Cynthia Lummis has been a pro-crypto legislator, thus making her presence at the Bitcoin 2025 Conference crucial. Lummis announced during the event that the Strategic Bitcoin Reserve bill will be tabled in the coming weeks.
The 365-day moving average crossover for the MVRV has historically been followed by strong rallies.
Michael Saylor, founder of business intelligence firm Strategy (formerly Microstrategy), predicted bitcoin will become the foundational network for settling global financial transactions, drawing a direct parallel to how gold underpinned the 19th-century banking system dominated by the Rothschild family. Michael Saylor Forecasts Bitcoin as Core Settlement Asset, Evoking 19th-Century Banking Analogy Speaking at the Bitcoin
BitcoinWorld Forex Market Uncertainty: US Dollar Gains Tremble In the dynamic world of global finance, where every ripple can create waves felt in markets from stocks to cryptocurrencies, the recent movement of the US Dollar has caught attention. While it has shown a tendency to edge higher, a cloud of uncertainty looms large over the sustainability of these gains. For those navigating the crypto landscape, understanding the dollar’s trajectory is key, as its strength or weakness often correlates inversely with risk assets like Bitcoin and altcoins. Understanding the Current US Dollar Position The dollar, measured against a basket of other major currencies (the DXY index), has seen periods of modest appreciation. This upward movement is often influenced by several factors: Safe-haven demand during times of global economic or geopolitical stress. Expectations surrounding the Federal Reserve’s monetary policy decisions. Relative economic performance compared to other major economies. However, this Currency strength has not been a one-way street. The gains have been tentative, often reversing course quickly, indicating a lack of strong conviction among market participants. This hesitant performance is what fuels the uncertainty we are currently observing in the Forex market . Why Are US Dollar Gains Facing Uncertainty? The primary drivers behind the cautious outlook for the dollar are multifaceted. Several key elements contribute to this environment: 1. Federal Reserve Policy Ambiguity: The market is constantly trying to predict the next move from the Federal Reserve . Will they cut Interest rates ? When? How many times? The Fed’s communication, or lack thereof, on the future path of monetary policy creates significant volatility and uncertainty for the dollar. 2. Inflation Data Volatility: Recent inflation reports have been mixed. While headline inflation has shown signs of cooling, core inflation remains sticky in some areas. The Fed’s decisions are heavily data-dependent, particularly on inflation and employment. Any surprising data releases can quickly shift market expectations regarding Interest rates , directly impacting the dollar’s value. 3. Global Economic Outlook: The economic health of other major regions (like the Eurozone, China, Japan) also plays a role. If other economies show signs of strengthening or if their central banks adopt more hawkish stances, it can reduce the relative appeal of the dollar. 4. Geopolitical Risks: Ongoing global conflicts and political instability can sometimes boost the dollar as a safe haven, but they can also disrupt trade and economic activity, adding another layer of unpredictability. The Federal Reserve’s Pivotal Role and Interest Rates Perhaps the most significant factor influencing the dollar’s short-to-medium term outlook is the action, or inaction, of the Federal Reserve . The Fed controls the benchmark Interest rates in the United States. Higher interest rates typically make a country’s currency more attractive to foreign investors seeking higher returns on their fixed-income investments, thus increasing demand for the currency. Conversely, expectations of lower Interest rates can weaken the dollar. The current debate revolves around when the Fed will begin cutting rates after a period of aggressive hikes. Market participants are constantly adjusting their forecasts based on every speech by a Fed official and every piece of economic data. This continuous recalibration creates the uncertainty that prevents the dollar from establishing a clear, strong trend. Here’s a simplified look at the relationship: Factor Potential Dollar Impact Higher Inflation Data Could signal Fed holds rates higher longer → Potential Dollar Strength Weaker Jobs Data Could signal Fed cuts rates sooner → Potential Dollar Weakness Hawkish Fed Commentary (leaning towards hikes/holding) Potential Dollar Strength Dovish Fed Commentary (leaning towards cuts) Potential Dollar Weakness Navigating the Forex Market : Implications for Other Assets The uncertainty surrounding the US Dollar has ripple effects across the entire financial system, including the Forex market itself, commodity markets, and digital assets. A stronger dollar makes US exports more expensive and imports cheaper. For international investors, a strong dollar can make US assets, including stocks and bonds, more expensive when converted from their local currency. For the cryptocurrency market, a strong dollar is often seen as a headwind. Cryptocurrencies are generally considered risk assets. When the dollar strengthens, it can indicate a ‘risk-off’ sentiment in the market, where investors prefer the safety of dollar-denominated assets. Conversely, a weakening dollar can signal ‘risk-on’ behavior, potentially benefiting assets like Bitcoin and Ethereum. The current uncertainty means this relationship is not always straightforward. Periods of dollar strength might coincide with crypto rallies if other factors (like positive crypto-specific news or institutional adoption) are at play. However, the general macroeconomic backdrop, heavily influenced by dollar dynamics and Interest rates set by the Federal Reserve , remains a crucial element to monitor. Key Data and Events to Watch To better gauge the potential direction of the US Dollar and understand the underlying uncertainty, market participants are closely watching specific economic releases and events: Inflation Reports (CPI, PPI): Provide insight into price pressures, directly influencing Fed policy expectations. Employment Data (Non-Farm Payrolls, Wage Growth): Indicates the health of the labor market, another key metric for the Federal Reserve . Retail Sales: Reflects consumer spending, a major component of economic activity. Manufacturing and Services PMIs: Offer a look into the health of different sectors of the economy. Federal Reserve Meetings and Speeches: Direct communication from policymakers regarding their economic outlook and plans for Interest rates . Paying attention to these data points and understanding how they might influence the Fed’s stance on Interest rates is vital for anyone with exposure to the Forex market or risk assets. Challenges and Opportunities Amidst Uncertainty The current environment presents both challenges and potential opportunities. The primary challenge is volatility and unpredictability. Sudden shifts in dollar value can impact investment portfolios quickly. For businesses involved in international trade, hedging against currency fluctuations becomes more complex. However, uncertainty can also create opportunities. Periods of dollar weakness might offer entry points into assets that are typically inversely correlated. For traders, increased volatility in the Forex market can provide trading opportunities, provided they have robust risk management strategies in place. Understanding the interplay between the US Dollar , Federal Reserve policy, and global economic trends is key to navigating these conditions. Conclusion: Awaiting Clarity The US Dollar’s recent move higher is undeniable, but the conviction behind it is weak. The path forward remains clouded by uncertainty, primarily driven by evolving expectations around the Federal Reserve’s approach to Interest rates and the broader global economic picture. While the dollar may continue to see periods of strength, significant and sustained gains appear unlikely until there is more clarity on monetary policy and a clearer global economic trend emerges. Market participants, including those in the crypto space, should remain vigilant, paying close attention to key economic indicators and central bank communications that will ultimately shape the dollar’s direction in the volatile Forex market . To learn more about the latest Forex market trends, explore our article on key developments shaping US Dollar liquidity. This post Forex Market Uncertainty: US Dollar Gains Tremble first appeared on BitcoinWorld and is written by Editorial Team
BNB 's current trends indicate potential upward movement, while Solana is nearing a critical support point. This analysis reveals the impending shifts for both coins, teasing out the next possible steps in their market journey. Dive deeper to learn which digital assets are poised for growth and gain insights into their technical forecasts. BNB Price Dynamics: Uptrend History and Key Support/Resistance Levels Recent price movements show BNB gained 5.20% over the past week and 13.23% in the last month, indicating strong short-term momentum. Over six months, there has been a modest increase of 4.52%, reflecting gradual recovery from dips. The price action demonstrates an ability to recover from short-term sell-offs while exhibiting a trend of healthy interim rallies. Overall, the market sentiment has remained resilient, contributing to consistent improvements over time. Currently, BNB trades between $538.70 and $641.60. Key resistance is found at $683, while support is at $477.30; additional levels include $786 and $374.40. Bulls hold a slight edge within a generally sideways trend. Traders might consider buying close to support and aiming for resistance, maintaining controlled risk between these levels. Solana's Price Dynamics: A Month of Recovery After Long-Term Declines Solana saw an 18.09% price increase over the last month, showing signs of renewed market interest. Over the past six months, the coin experienced a 26.46% decline, reflecting a sustained downward trend. The recent monthly bounce indicates a possible short-term turnaround against the backdrop of a longer period of weakness. SOL is currently trading between approximately $110 and $171, with nearby resistance at $195 and firm support around $72. Recent weekly gains of 3.71% suggest some bullish movement, though bears may still exert influence. Traders might consider entering near support levels and looking for profit opportunities as the price approaches resistance. Conclusion BNB shows positive technical patterns pointing to potential growth. Meanwhile, Solana is nearing a key support level. There's a chance for upward movement in both coins if the support holds and technical signals remain strong. Investors are closely watching these key levels to gauge the next trends for BNB and SOL. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
As interest in digital assets continues to grow, some investors are exploring the possibility of reaching financial independence through long-term holdings of cryptocurrencies like XRP. While speculative by nature, the idea is rooted in the belief that XRP’s value may significantly appreciate over the next 15 years. Currently, XRP trades at $2.26. Despite lagging behind other top assets during recent market movements, the coin continues to retain investor confidence . Many remain optimistic that XRP’s utility in global finance and payments infrastructure could drive substantial price growth in the years ahead. Can XRP Fund Your Retirement? The notion that XRP could eventually provide enough returns to support retirement is gaining traction in online communities. Crypto commentator Edoardo Farina, among others, has suggested that holding a minimum of 10,000 XRP could potentially lead to long-term financial gains, depending on the asset’s future performance. To better understand what it might take to retire using XRP holdings, we reviewed several long-term price projections. We then calculated how much of the token a holder would need to meet different financial targets by 2040. The analysis includes insights from ChatGPT, Google’s Gemini, and cryptocurrency prediction site Telegaon . ChatGPT’s Forecast: XRP at $22 by 2040 ChatGPT projects that XRP could reach $22 by 2040. This estimate is based on assumptions that the token will benefit from improved U.S. regulations, wider use in international money transfers, and greater integration into financial services. If this projection proves accurate, an investor aiming for a $500,000 retirement portfolio would need to hold 22,727 XRP. At the current market price of $2.26, this would require an investment of approximately $53,409. Doubling that target to $1 million would necessitate 45,454 XRP, equating to an investment of $106,818 today. Google Gemini’s Forecast: XRP Could Reach $150 Google’s Gemini AI offers a more aggressive outlook, predicting XRP could hit $150 by 2040. The model highlights institutional adoption, potential replacement of outdated systems like SWIFT , and XRP’s involvement in central bank digital currency (CBDC) initiatives as factors driving this growth. With a $150 valuation, only 3,333 XRP would be needed to reach a $500,000 goal, representing a current investment of roughly $7,533. For a $1 million portfolio, 6,666 XRP would be required, costing around $15,066.67 at today’s price. Those targeting a $5 million portfolio would need 33,338 XRP, which would amount to a current investment of $75,333.33 Telegaon’s Estimate: XRP to Peak at $160.34 Telegaon analysts present the most optimistic scenario, suggesting XRP might rise to $160.34 by 2040. Under this forecast, the amount of XRP required to meet retirement objectives is even lower. To reach a $500,000 retirement goal based on Telegaon’s $160.34 forecast, an investor would need approximately 3,118 XRP, which would cost about $7,049 at the current price of $2.26. For a $1 million target, 6,236 XRP would be required, equating to a present-day investment of around $14,097. Those aiming for $5 million would need roughly 31,183 XRP, costing approximately $70,487 at today’s market value. While future prices remain speculative, these forecasts provide a framework for evaluating potential returns. The amount of XRP needed to retire by 2040 depends heavily on how high the token’s price climbs. For now, the idea remains a high-risk strategy that should be considered with caution, and ideally as part of a diversified investment portfolio. 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. The post Here’s How Much XRP Holders May Need to Retire By 2040 appeared first on Times Tabloid .
BitcoinWorld Strategy Bitcoin Acquisition Slows: What Does It Mean for MSTR Stock and Institutional Adoption? If you’ve been following the world of cryptocurrencies, especially the intersection of traditional finance and digital assets, you’ve likely heard of Strategy, formerly known as MicroStrategy. Led by Michael Saylor, the company pioneered the corporate treasury strategy of holding significant amounts of Bitcoin (BTC). Their aggressive Strategy Bitcoin accumulation has been a major market narrative for years. However, recent reports suggest a shift in pace. Is Strategy’s Bitcoin Acquisition Strategy Changing? According to analysis by The Block, Strategy is indeed continuing its policy of acquiring Bitcoin, but the speed at which they are adding BTC to their balance sheet appears to be moderating. This isn’t necessarily a halt or a reversal, but rather a downshift from the rapid pace seen in previous periods. The company recently announced another significant purchase: 4,020 BTC, acquired for approximately $427 million. While this is a substantial sum, it represents a lower volume compared to some of their previous weekly or monthly purchase figures during peak accumulation phases. This observation raises questions about the factors influencing their buying decisions. Why the Slower Pace for MicroStrategy BTC Buying? Several intertwined factors seem to be contributing to this adjusted pace, as highlighted by the report: Declining Premium on MSTR Stock: Historically, investors looking for exposure to Bitcoin without directly holding the asset often turned to MSTR stock. Strategy’s shares traded at a significant premium over the value of the company’s underlying assets, largely driven by the market valuing the stock based on its large BTC holdings. This premium essentially allowed Strategy to raise capital (often via stock offerings) at a valuation significantly higher than its software business alone, making BTC acquisition through equity financing very attractive. However, this premium has been shrinking. Increased Competition in Institutional Bitcoin Access: When Strategy began its aggressive buying in 2020, direct institutional access to Bitcoin was limited. Now, the landscape has changed dramatically. The approval of spot Bitcoin Exchange-Traded Funds (ETFs) in major markets has provided investors with a regulated, easily accessible, and often lower-fee alternative to gain BTC exposure. This increased competition means investors no longer solely rely on MSTR stock as the primary vehicle for institutional Bitcoin exposure. The report notes that the premium on MSTR Stock recently dropped to 163%, which is the lowest level recorded since April 8th. A lower stock premium means that raising capital through equity is less ‘efficient’ in terms of acquiring Bitcoin compared to when the premium was significantly higher. This directly impacts the economics of their preferred acquisition method. The Impact of Institutional Bitcoin Competition The rise of spot Bitcoin ETFs and other institutional products has fundamentally altered the market dynamics. Investors who previously might have bought MSTR shares as a proxy for BTC now have direct, regulated options. This diversification of investment avenues for Institutional Bitcoin exposure naturally spreads demand across different products and companies, rather than concentrating it heavily on Strategy’s stock. This competitive pressure reduces the unique advantage Strategy once held in the market for publicly traded companies with significant BTC exposure. While Strategy remains the largest corporate holder by a vast margin, the availability of alternatives dilutes the premium investors are willing to pay solely for the ‘Bitcoin proxy’ aspect of their stock. Strategy’s Current Bitcoin Holdings: A Colossal Figure Despite the recent slowdown in the acquisition pace, Strategy’s total Bitcoin holdings remain immense. The company now holds over 580,000 BTC. To put this into perspective, this represents approximately 2.75% of Bitcoin’s total estimated supply of 21 million coins. This staggering figure solidifies their position as the leading corporate accumulator of the digital asset. This massive accumulation started in August 2020 and has continued consistently through various market cycles, demonstrating a long-term commitment to their Bitcoin treasury strategy. Their journey involved various financing methods, including issuing convertible notes and selling stock, heavily leveraging the premium on their shares to fund BTC Acquisition . Understanding the MSTR Stock Premium The premium on MSTR Stock is a key metric for understanding Strategy’s funding strategy. It’s calculated by comparing the market capitalization of Strategy to the value of its Bitcoin holdings plus the value of its core software business. When the stock trades at a high premium, the market is essentially assigning a higher value to the company than the sum of its parts, largely because of the perceived value and scarcity of getting direct, large-scale Bitcoin exposure through a publicly traded company. Here’s a simplified breakdown: High Premium: Market Cap >> (Value of BTC Holdings + Value of Software Business). This makes raising capital via stock sales very attractive for buying more BTC. Lower Premium: Market Cap ≈ (Value of BTC Holdings + Value of Software Business). The advantage of using equity to fund BTC purchases diminishes. The recent drop in this premium suggests the market is recalibrating how it values MSTR, likely due to the new, more direct ways investors can get Bitcoin exposure via products like spot ETFs. This doesn’t mean the premium is gone, but it’s less exaggerated than it was during peak enthusiasm and limited alternatives. What’s Next for Strategy and Corporate BTC Adoption? Strategy’s approach has always been unique due to its scale and consistency. While the pace might slow, their commitment to Bitcoin as a treasury reserve asset appears unchanged. Michael Saylor and the company leadership have consistently articulated their long-term bullish view on Bitcoin. The competitive landscape for Institutional Bitcoin is likely to continue evolving. As more traditional financial players enter the space and offer regulated products, the ways institutions and individuals gain exposure will diversify further. This could potentially put continued pressure on the MSTR stock premium over time. However, Strategy’s massive existing holdings mean they remain a significant player and their future moves will continue to be watched closely by the market. Their strategy has inspired other companies, albeit on a smaller scale, to consider adding Bitcoin to their balance sheets. The challenges they face now, like managing a lower stock premium and navigating a more competitive investment environment, offer insights into the complexities of being a large-scale corporate Bitcoin holder. Key Takeaways Strategy continues to buy Bitcoin but at a reduced pace compared to historical peaks. The primary reasons for the slowdown appear to be a shrinking premium on MSTR stock and increased competition from new institutional investment products like spot BTC ETFs. A lower stock premium makes raising capital via equity less advantageous for funding Bitcoin purchases. Increased competition from other Institutional Bitcoin avenues dilutes the unique value proposition of MSTR stock as a BTC proxy. Despite the slower pace, Strategy’s total holdings exceed 580,000 BTC, representing a significant portion of the total supply. The company’s long-term commitment to Bitcoin as a treasury asset remains strong, but their acquisition methods may adapt to the changing market conditions. Concluding Thoughts: A Maturing Market? Strategy’s adjusted BTC Acquisition pace is perhaps a sign of a maturing market. As Bitcoin becomes more accessible through traditional financial channels, the unique arbitrage opportunity that Strategy capitalized on via its stock premium naturally diminishes. This shift doesn’t invalidate their strategy but rather reflects the changing dynamics of institutional adoption and investment access. Their journey from being an outlier to a benchmark for corporate Bitcoin strategy highlights the evolving perception and integration of digital assets into mainstream finance. While the road ahead involves navigating new competitive pressures and funding realities, Strategy’s colossal Bitcoin stack ensures they remain a central figure in the narrative of institutional cryptocurrency adoption. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Strategy Bitcoin Acquisition Slows: What Does It Mean for MSTR Stock and Institutional Adoption? first appeared on BitcoinWorld and is written by Editorial Team
As the China-American tariff war drags on, bargain-shopping app Temu reports nearly a 50% drop in profits and its slowest revenue growth in three years. On Tuesday, the company’s US-listed shares fell by more than 13% after it disclosed that its net profit had plunged to 14.74 billion yuan, approximately $2.46 billion in the year’s first quarter. Although quarterly revenue was up 10% from the same period last year, the results missed analysts’ forecasts and represented the weakest growth since Q1 2022. The Trump administration called for the end to the duty-free exemption on low-value parcels. Shopping platform Temu had seen a 131% revenue growth at the start of 2024 and a 24% rise in Q4 of the year. However, for Q1 2025, Temu only recorded 95.67 billion yuan, roughly equivalent to $13.31 billion, falling short of 104.41 billion yuan, about $14 billion, market expectations. Its net profit for the quarter also dwindled by 47%. Thus, PDD Holdings may have to rethink its ambitious plan to expand Temu, seeing the lower quarterly earnings and a new wave of budget-conscious consumers in the US. PDD had to raise prices on the Temu platform in April after the China-US trade war escalated. Then, in early May, the US government halted the duty exemption for Chinese goods valued under $800, impacting PDD’s US business. Temu and its competitor, Shein, heavily depended on the duty-free environment, enabling them to transport and sell low-value packages to the US. However, with the Trump administration removing the exemption, their goods have faced tariffs as high as 120%. The US government insisted that the change was necessary to limit the illegal shipments of synthetic opioids like fentanyl. It argued that most Chinese shippers use low-value packages to sneak in illegal substances under the “de minimis” exemption. The administration even claimed that over 75,000 Americans lose their lives each year to fentanyl alone. On Tuesday, PDD Holdings’ co-chief executive Lei Chen revealed that they had invested in supporting merchants and consumers while progressively working to respond to external alterations. Chen also affirmed that the US-China tariff war burdened its merchants. The EU proposed extra fees for small parcels entering the region Temu claimed it would halt the direct sale of goods entering the US from China. The online platform stated that its sales would now be managed by locally based sellers, attending to orders from within the country. It also disclosed that it’s planning for more collaborations with US companies to aid local merchants in expanding their consumer base and growing their businesses . Temu could see relief in the next few weeks as both countries agreed to reduce the tariff on small parcels to 50% for 90 days. Meanwhile, Temu could start seeing trouble with its European markets. The European Union suggested a two-euro flat fee on small parcels. According to EU Trade Commissioner Maros Sefcovic, the tax would apply to packages worth less than 150 euros, of which online marketplaces would be expected to pay. In 2024, nearly 5 billion small packages entered the EU, with over 90% from China. Additionally, in April, UK Chancellor Rachel Reeves claimed they were considering changes to their customs treatment for small parcels entering the country, which could cause more harm to online marketplace businesses. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
According to cryptocurrency onchain data, whale trader James Wynn, one of the most talked about topics of recent days, has been giving alarm signals for several days. Trader James Wynn, who has become especially popular with his on-chain transactions, earned $87 million in 70 days on the decentralized cryptocurrency exchange Hyperliquid. However, the unfortunate cryptocurrency whale lost almost all of it in the last 5 days. In his previous trades, it was reported that Wynn made a profit of $65.2 million from PEPE transactions. Related News: Elon Musk and Telegram CEO Pavel Durov Announce Good News: Toncoin (TON) Price Surges In the current situation, when the giant whale's onchain positions on Hyperliquid are examined, we see that he still holds a long position in Bitcoin with 40x leverage. Interestingly, the position, which opened at $ 108,339 and was worth $ 528 million, is currently at a loss of $ 3 million and also paid $ 418 thousand in transaction fees. Bitcoin is trading at $107,853 at the time of writing, and Wynn’s position will be liquidated if the BTC price drops to $106,440. However, Wynn will likely either close the position or add more funds before the liquidation. *This is not investment advice. Continue Reading: Huge Cryptocurrency Whale Earned $87 Million in 70 Days: But Luck Has Not Been on Their Side Lately – Here’s the Latest Situation
The U.K.'s Financial Conduct Authority (FCA) is seeking additional views on its upcoming stablecoins regime, it said on Wednesday. "In support of the opportunities stablecoins present to financial services and the broader economy, the FCA will explore adding a specific focus on stablecoins to its innovation services in the coming months," the FCA's statement said. The FCA's proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing. Stablecoins have been something regulators have been watching carefully following the collapse of the algorithmic stablecoin terraUSD in 2022 that resulted in investors losing out on their life savings . The FCA has been establishing its new crypto regime since 2023. In 2023 it published a discussion paper with proposals for a stablecoins regime . The regulator has since upped its efforts to regulate the sector by releasing a series of discussion papers for the industry and the U.K. government is working on establishing new legislation to ensure the country's regulators have all the powers they need to launch their new regimes for the digital asset sector. The FCA will be working with the Bank of England to regulate stablecoins. "For those stablecoins that expect to operate at systemic scale, the Bank of England will publish a complementary consultation paper later this year, including responding to industry feedback around allowing some return on backing assets," Sarah Breeden, deputy governor for financial stability at the Bank of England said.