BitcoinWorld Exciting Ukraine Crypto Law: National Bank May Hold Bitcoin Reserves Get ready for potentially significant news from Eastern Europe! A fascinating development is unfolding in Ukraine, where legislators are pushing for a Ukraine crypto law that could dramatically change how the nation’s central bank operates. This isn’t just about acknowledging digital assets; it’s about potentially integrating them into the very fabric of national finance. What Does This Ukraine Crypto Law Propose? At the heart of this proposal is a draft bill aimed at amending the existing law governing the National Bank of Ukraine (NBU). Currently, the NBU’s holdings are primarily limited to traditional assets like gold and foreign currencies as part of its gold and foreign exchange reserves. The proposed amendment seeks to broaden this scope to include crypto assets. According to reports, including insights shared by lawmaker Yaroslav Zhelezniak on Telegram and covered by Cointelegraph, the key aspect of this draft bill is that it would permit , but not mandate , the National Bank of Ukraine to acquire and hold cryptocurrencies. This distinction is crucial. It gives the central bank the flexibility to explore digital asset holdings without forcing an immediate, potentially risky, pivot. Think of it this way: Current Law: NBU reserves = Gold + Foreign Currencies Proposed Law: NBU reserves = Gold + Foreign Currencies + (Optional) Crypto Assets This move signals a growing recognition within Ukrainian legislative circles of the increasing importance and potential utility of digital assets in the global financial landscape. Why Would a Central Bank Consider Holding Crypto Reserves? The idea of a central bank adding cryptocurrencies to its crypto reserves might sound unconventional to some, but there are several potential strategic reasons behind such a move: Diversification: Adding a non-correlated asset class like Bitcoin could help diversify the national reserves, potentially reducing overall portfolio risk. While volatile, crypto assets operate under different market dynamics than traditional currencies or gold. Inflation Hedge: Some view Bitcoin, in particular, as a potential hedge against inflation and currency devaluation, similar to gold. Including it could offer an alternative store of value. Innovation & Future Preparedness: Embracing crypto reserves demonstrates a forward-thinking approach, positioning the National Bank of Ukraine at the forefront of exploring the integration of digital assets into sovereign finance. This could also build expertise for potential future initiatives like a Central Bank Digital Currency (CBDC). Attracting Investment & Talent: A positive stance on crypto at the central bank level could signal to the global crypto community and tech investors that Ukraine is a crypto-friendly nation, potentially attracting foreign investment and fostering domestic innovation. While the immediate impact of this draft bill passing might be minimal (since holding crypto is optional), the symbolic significance is immense. It opens the door for the Ukraine central bank to actively participate in the digital asset space. Exploring the Potential Benefits of Bitcoin Reserves If the National Bank of Ukraine were to utilize this new legal framework, including Bitcoin reserves could offer specific advantages. Bitcoin, as the largest and most established cryptocurrency, is often the first digital asset considered for institutional or sovereign holdings. Potential benefits of holding Bitcoin could include: Potential for High Growth: While highly volatile, Bitcoin has demonstrated significant long-term growth potential compared to traditional reserve assets. A small allocation could potentially yield substantial returns over time. Global Accessibility & Liquidity: Bitcoin is a globally traded asset with high liquidity, making it relatively easy to buy and sell compared to certain illiquid assets. Decentralization: Bitcoin’s decentralized nature means it is not controlled by any single government or central authority, offering a degree of independence from geopolitical risks associated with fiat currencies. However, these benefits come with significant risks that the National Bank of Ukraine would need to carefully consider. What Challenges Does Holding Crypto Present for the Ukraine Central Bank? While the potential benefits are intriguing, incorporating crypto assets into national reserves, particularly for the Ukraine central bank, is fraught with challenges: Extreme Volatility: Cryptocurrencies, especially Bitcoin, are known for dramatic price swings. Holding these assets would expose the national reserves to significant market risk. Security Risks: Managing private keys and securing large quantities of crypto assets requires sophisticated cybersecurity infrastructure and protocols to prevent theft or loss. Regulatory Uncertainty: Despite progress, the global regulatory landscape for cryptocurrencies is still evolving. This creates uncertainty regarding compliance, taxation, and potential future restrictions. Valuation and Accounting: Determining the appropriate valuation methods and accounting standards for volatile digital assets within a central bank’s balance sheet is complex. Public Perception and Political Risk: Investing public funds, even indirectly, into volatile and often controversial assets like crypto could face significant public scrutiny and political opposition. The NBU would need to develop robust risk management frameworks, secure storage solutions, and clear policies before making any move to acquire crypto reserves. Global Context: Are Other Nations Considering Crypto Reserves? Ukraine isn’t operating in a vacuum. The conversation around sovereign crypto holdings is gaining traction globally, albeit slowly. El Salvador: Famously adopted Bitcoin as legal tender and has acquired a significant amount of Bitcoin for its national treasury. Central African Republic: Also adopted Bitcoin as legal tender, though implementation has faced challenges. Other Nations: While most central banks are focused on exploring CBDCs, many are also researching the broader implications of crypto assets and blockchain technology. Discussions about diversification of reserves are ongoing in various financial circles. Ukraine’s potential move, while currently just a legislative proposal allowing the option, places it among the nations actively exploring the frontier of digital assets at the sovereign level. It’s a strong indicator of the increasing mainstream acceptance and consideration of cryptocurrencies. What Happens Next with the Ukraine Crypto Law? The draft bill must go through the standard legislative process in Ukraine. This involves readings, potential amendments, and ultimately, a vote. There’s no guarantee it will pass, and even if it does, there’s no timeline or requirement for the National Bank of Ukraine to actually begin holding crypto reserves. However, the introduction of this bill itself is a significant step. It forces a national conversation about digital assets, their role in the economy, and their potential place in national financial strategy. It suggests a potential future where central banks might view assets like Bitcoin not just as speculative instruments, but as viable components of a diversified national reserve portfolio. For crypto enthusiasts and market observers, this development from Ukraine is a positive signal, indicating that national governments are increasingly looking at how digital assets can fit into traditional financial structures. Conclusion: A Glimpse into the Future of Sovereign Finance The proposed Ukraine crypto law allowing the National Bank of Ukraine to potentially hold crypto assets in its reserves is a landmark development, even in its current draft form. It signifies a legislative willingness to embrace the possibilities presented by digital currencies like Bitcoin. While challenges related to volatility, security, and regulation remain substantial, the mere consideration of crypto reserves by a central bank is a powerful indicator of the evolving landscape of global finance. This bill opens the door for Ukraine to potentially join a small but growing group of nations exploring the integration of digital assets into their national financial strategies, offering a fascinating glimpse into the future of sovereign wealth and reserve management. To learn more about the latest Ukraine crypto law trends, explore our article on key developments shaping crypto reserves institutional adoption. This post Exciting Ukraine Crypto Law: National Bank May Hold Bitcoin Reserves first appeared on BitcoinWorld and is written by Editorial Team
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The post Coinbase Announces Plans to List Fartcoin: Will FARTCOIN Retest Its ATH Next? appeared first on Coinpedia Fintech News Coinbase Global Inc. (NASDAQ: COIN) announced plans to list Fartcoin (FARTCOIN), a fast-growing Solana (SOL)-based memecoin. The cryptocurrency exchange announced that trading of FARTCOIN will commence on Thursday, June 12, 9AM PT, if the set liquidity conditions are met. Coinbase highlighted that the trading of FARTCOIN against the U.S. dollar will be rolled out in phases once the set liquidity conditions are met. Fartcoin Records Higher Demand From Whale Investors According to on-chain data analysis, the overall demand for FARTCOIN has remained elevated in the past few weeks. According to market data from Nansen , a whale withdrew 14,916 Solana coins from the Binance exchange and purchased 1.68 million FARTCOIN at a market value of about $1.4. The imminent listing of FARTCOIN on Coinbase will further trigger heightened demand from whale investors, especially amid the anticipated 2025 altseason. Furthermore, the notable crypto regulatory clarity in the United States has helped increase the overall altcoin demand in the recent past. What Next? After an impressive rally in the past few weeks, fueled by Coinbase listing speculations, FARTCOIN price has experienced a significant resistance of around $1.5. However, the mid-cap memecoin, with a fully diluted valuation of about $1.35 billion and a 24-hour average trading volume of around $376 million, has gained around 40 percent in the last seven days. Fartcoin looks like this ahead of the greatest risk-on melt-up we've ever seen pic.twitter.com/DGo6IIFLQb — RookieXBT (@RookieXBT) June 11, 2025 From a technical analysis standpoint, crypto analyst RookieXBT thinks FARTCOIN is on the cusp of a major upsurge. Furthermore, a consistent close above $2.7 in the weekly timeframe will trigger a rally toward its all-time high in the subsequent weeks.
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Dollar-pegged stablecoins could explode to a $2 trillion market cap within a few years, Treasury Secretary Scott Bessent said on Wednesday while testifying at a Senate Appropriations subcommittee hearing. Scott told lawmakers the US government is moving to cement the dollar’s reserve currency status by backing legislation that would push stablecoins deeper into the financial system, with strict rules ensuring they are fully supported by Treasury bills and other short-term government debt. Scott said concerns about the dollar’s future have popped up over and over again in history. Each time, he added, the dollar has come back stronger — now, he thinks crypto is part of the next phase. “This administration is committed to keeping the reserve currency status and enhancing that,” Scott said during questioning. He also pointed out that ongoing legislation in Congress would create clear rules for dollar-linked stablecoins, which would have to be backed 1-to-1 by high-quality assets like T-bills. Scott pushes Treasury-backed stablecoin rules through congress Scott said the $2 trillion number is not just wishful thinking. “I think that $2 trillion is a very, very reasonable number, and I could see it greatly exceeding that,” he told the committee. His position is that stablecoins backed by US debt will expand the dollar’s reach around the world, as more people start using them for daily transactions. He also argued that dollar-pegged coins will boost demand for US government debt globally — something that aligns with broader fiscal goals. Meanwhile, Congress is pushing hard to pass new stablecoin legislation. The Senate cleared a major procedural vote on Wednesday, 68-30, and is expected to pass the final bill as early as next week. The measure has backing from President Donald Trump, major crypto lobbying groups, and a handful of powerful lawmakers on both sides. One day before the Senate vote, the House Financial Services and Agriculture committees passed a broader crypto bill, after Republicans blocked changes that would’ve stopped Trump from profiting off his crypto holdings. Crypto giants, led by the Fairshake PAC and its affiliated entities, spent massive amounts of money during the last election to support pro-crypto candidates and policies. Now, those groups are backing the bill to make sure stablecoins can be used more widely in payments. Retailers are also throwing their weight behind it, hoping that the coins will give them an alternative to Visa and Mastercard, whose credit card processing fees have long been a problem for large merchants. Retailers and banks clash over bill as vote nears Retailers aren’t just supporting the stablecoin bill — they’re also lobbying hard to attach a separate provision that would force large banks to offer more credit card processing network options beyond Visa and Mastercard. But Senate leaders are expected to block that effort, along with a separate push from Democrats to ban Trump from making money from crypto projects while in office. As for the banks, they’re divided. Smaller ones have been warning that stablecoins will pull deposits out of the traditional banking system, shrinking access to loans and everyday credit. Bigger banks, on the other hand, are exploring ways to create their own stablecoins that would let them keep control of customer funds — and earn interest on the reserves those coins are backed by. Scott didn’t speak on those fights. He stayed focused on the dollar and the role of crypto in reinforcing it. He emphasized that as long as these stablecoins are fully backed by US government debt, the result would be stronger demand for dollars at home and abroad. He also mentioned that while Citigroup analysts have predicted a more conservative estimate of $1 trillion in new Treasury purchases from stablecoins by 2030, the Treasury Department sees much bigger potential. “This is not just a possibility, it’s something we’re actively working to make real,” he said. The bill is a top priority for Scott and for the White House. Senate Banking Chair Tim Scott confirmed that he’ll hold a hearing on the broader crypto regulation bill in July, though it likely won’t pass until fall. Senate Majority Leader John Thune said on Wednesday that the Senate will aim to pass the stablecoin bill in the next few days and urged the House to act quickly to get it on Trump’s desk. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
MEXC launches a $100 million Guardian Fund to enhance user protection and reinforce security in the cryptocurrency market. This fund aims to promptly address losses from major crypto-related security breaches,
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BitcoinWorld Urgent: Bitcoin Price Prediction Points to Q3 Underperformance Are you keeping a close eye on the market, wondering what the next few months hold for the king of crypto? The latest Bitcoin price prediction from some analysts suggests the third quarter (Q3) might not bring the explosive gains many investors are hoping for, despite the recent buzz around BTC nearing its all-time highs. Decoding Current Crypto Market Sentiment Brian Quinlivan, a seasoned analyst at the crypto market intelligence platform Santiment, has been observing the social media landscape closely. He notes that investor sentiment remains notably bullish following Bitcoin’s strong performance leading up to its recent peak approaches. While this might sound positive on the surface, Quinlivan offers a cautionary perspective based on historical data. “Since markets move the opposite direction of retail’s expectations, this usually is a sign that we aren’t quite ready for another bullish surge yet,” Quinlivan explained to Cointelegraph. This view aligns with the contrarian investing principle: when the crowd is overwhelmingly bullish, it can often signal a local top or a period of consolidation before any further upward movement. Understanding this prevailing crypto market sentiment is crucial for investors trying to navigate potential short-term volatility. Historical BTC Price Trends and Q3 Performance Adding another layer to the cautious outlook is historical performance data. Sean Dawson, Head of Research at crypto derivatives platform Derive, points to a consistent pattern in Bitcoin’s yearly cycles. Looking back since 2013, the BTC price has historically shown its weakest performance during the third quarter (July, August, and September). According to Dawson’s analysis, the average return for Bitcoin during Q3 across these years stands at a modest 6.03%. This contrasts sharply with the performance often seen in other quarters, particularly Q4. While historical data is never a guarantee of future results, this long-standing trend is a significant factor for analysts formulating their Bitcoin price prediction for the upcoming months. Why might Q3 typically be weaker? Several theories exist, including: Summer Doldrums: Lower trading volume during traditional summer vacation periods. Post-Halving Cool Down: In halving years (like 2024), the immediate post-halving period can sometimes see consolidation after initial excitement. Seasonal Market Cycles: Broader financial market seasonality might play a role, although crypto is less directly tied than traditional assets. Macro Factors Influencing Cryptocurrency Trends Beyond historical cycles and sentiment, the broader macroeconomic environment also weighs on the BTC price. Sean Dawson highlights the high likelihood of the U.S. Federal Reserve maintaining steady interest rates in the near term. How do interest rates affect Bitcoin? When interest rates are low, investors often seek higher returns in riskier assets like stocks and cryptocurrencies. Conversely, when rates rise or are expected to remain high, less risky investments like bonds become more attractive, potentially drawing capital away from assets perceived as volatile like Bitcoin. Dawson suggests that steady rates could “dampen Bitcoin’s appeal for outsized returns” compared to periods when monetary policy was looser. This macro perspective is vital when considering overall cryptocurrency trends. While Bitcoin has unique drivers like adoption and scarcity, it doesn’t exist in a vacuum and is increasingly influenced by global economic conditions and central bank policies. What Does This Mean for Your Strategy? This cautious Bitcoin price prediction for Q3 doesn’t necessarily spell disaster, but it does suggest a potential period of consolidation or modest growth rather than a parabolic surge. For investors, this might mean: Managing Expectations: Don’t assume immediate massive gains based on recent performance. Considering Risk: Evaluate your exposure, especially if you entered positions based purely on recent bullish momentum. Focusing on the Long Term: For many, Bitcoin is a long-term investment. Short-term Q3 performance might be less critical than the multi-year outlook. Diversification: Look at other areas within cryptocurrency trends or traditional markets. Conclusion: Navigating the Q3 Outlook While recent price action has fueled optimism, analysts like Brian Quinlivan and Sean Dawson urge caution. Overly bullish crypto market sentiment, coupled with historical Q3 weakness and the influence of steady interest rates, contribute to a Bitcoin price prediction that leans towards underperformance in the coming quarter. Staying informed about these factors is key to navigating the potential landscape ahead. To learn more about the latest Bitcoin price trends, explore our article on key developments shaping Bitcoin price action. This post Urgent: Bitcoin Price Prediction Points to Q3 Underperformance first appeared on BitcoinWorld and is written by Editorial Team
Crypto analyst Babenski has declared that the XRP price is breaking for a breakout. The analyst highlighted a bullish pattern that was forming, which could spark a rally to a new all-time high (ATH). XRP Price Forms Flag Pattern Which Points To $5 In a TradingView post, Babenski revealed that the XRP price is forming a small flag pattern above a previous big accumulation zone. The analyst added that it looks like a breakout could happen soon. His accompanying chart showed that the altcoin could rally to as high as $5 on this breakout, which would mark a new all-time high (ATH). Crypto analyst Dark Defender also recently predicted that the XRP price could rally above $5 on Wave 5 of the impulsive move to the upside. He remarked that the altcoin has been descending since January 17 this year and that the support level is increasing. In line with this, the analyst noted that there is an intersection now. Dark Defender declared that this is where XRP will decide within two weeks. Related Reading: Why A Sweep At $2 Is Important For XRP Price To Continue Rallying His accompanying chart showed that the XRP price could hit $5.8563 on this move to the upside. In another X post, he affirmed that the altcoin is already on its way to a new all-time high. Crypto analyst Egrag Crypto also highlighted the fact that XRP was at a crossroads and could make a major move soon. In his most recent analysis, he stated that the XRP is at a critical juncture with a major formation breakout. The analyst remarked that the probabilities are about 70% to 80% for an upside breakout and 20% to 30% for a downside move. He added that the breakout is likely to be triggered by some fundamental news and that the chart hints that this news is imminent. These fundamentals are expected to be strong enough to break through key resistance levels. Things Are About To Get Exciting For XRP In an X post, crypto analyst CasiTrades declared that things are about to get exciting for the XRP price. She noted that the entire consolidation structure is reaching its final moments. With price at a standstill and momentum dormant, she said that this is exactly how large market moves are born. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? CasiTrades mapped out subwave 2 extensions from the recent local low. She stated that if that was indeed the Wave 2 bottom, then the measured extension projects upside targets. These targets align in the $8 to $13 macro zone which she has been highlighting for over a year. The analyst noted that this kind of alignment across structure, time, and Fibonacci extensions is rare, which is why everyone should be macro bullish on the XRP price. At the time of writing, the XRP price is trading at around $2.29, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com