Cardano scores new partnership with Check Point with security, artificial intelligence and blockchain in focus
Elizabeth Warren , a Democratic senator, wrote a letter to David Sacks, Trump’s crypto advisor, raising questions about how fair the new crypto reserve would be, including the five cryptocurrencies being promoted alongside it. She argues that publicity of the new reserve may boost prices for people already holding the token, thus making wealthy people more wealthy and enriching insiders who knew about the crypto policies in advance. Warren, a ranking member of the Senate’s Banking Committee, asked David Sacks whether he disclosed any financial holdings with the Office of Government Ethics. She further wanted to know whether he had any holdings in the cryptos included in the reserve or the digital asset holdings. “I write today to request information about how you, as President Trump’s ‘Crypto Czar,’ have addressed your conflicts of interest, and how you will prevent the President and other private individuals from directly profiting off of the Trump Administration’s efforts to selectively pump the value of certain crypto assets, drop crypto asset-related enforcement actions, and deregulate the crypto asset industry”. There is still a lot of ambiguity about the nature of a Bitcoin reserve. The reserve itself will only include Bitcoin, but there will exist a separate fund for other currencies. Bitcoin and other cryptocurrencies will be taken from seized assets held by federal authorities. “These actions have the potential to benefit billionaire investors, Trump Administration insiders, and speculators at the expense of middle-class families”, wrote Warren in her letter to David Sacks. “The planned Crypto Strategic Reserve is just the most recent example of a Trump Administration crypto policy with the potential to benefit a wealthy, well-connected few at the expense of taxpayers”. “Just last week, for example, the Securities and Exchange Commission (SEC), chaired by Mark Uyeda, who was chosen as Acting Chair by President Trump, issued a Staff Statement asserting that most meme coins are not securities and, thus, are not subject to federal securities safeguards”. Warren requested the identities of anyone who helped Trump decide which cryptocurrencies to include in the funds. She wanted to know whether there were any conflicts of interest or anyone advising the project with cryptocurrency holdings. “Meme coins are known for their high volatility and ‘rug pulls’”, wrote Warren, “where a coin is ‘launched and quickly abandoned, leaving investors with steep losses’. Despite these schemes’ clear harm to consumers, the SEC statement could ‘shield companies and individuals that create meme coins from potential litigation’. Howard Lutnick, coordinator of the U.S.-China trade war, had to be transparent when his financial ties to China were made public. A similar action may need to be taken regarding David Sacks to reassure the public of the legitimacy of a Bitcoin reserve fund.
SafeMoon (SFM) has seen notable volatility recently, gaining over 25% following its strategic migration to the Solana network amidst market fluctuations. The price action has been accompanied by profit-taking and
XRP is currently trading at $2.23, with a market capitalization of $129 billion and a 24-hour trading volume of $2.8 billion, fluctuating within an intraday range of $2.21 to $2.36 as price action remains under significant selling pressure across multiple timeframes. XRP The 1-hour chart reflects a strong bearish momentum, as XRP has been forming
Pi Coin has gained significant market value, reaching $12.98 billion. Zito Realty LLC accepts Pi Coin for real estate transactions, enhancing its real-world use. Continue Reading: Pi Coin Makes Waves in Real Estate Transactions The post Pi Coin Makes Waves in Real Estate Transactions appeared first on COINTURK NEWS .
XRP traded relatively flat on Wednesday, following a sharp rebound on Tuesday, fueled by President Donald Trump’s proposal for a U.S. strategic crypto reserve that includes XRP . The announcement on Sunday triggered a nearly 40% surge in XRP’s price within a single day. Notably, Trump’s remarks also ignited a surge in transaction volume. Popular crypto analyst Ali Martinez highlighted the spike on Wednesday, tweeting, “Over $5.37 billion worth of XRP was transferred in the last 24 hours,” underscoring heightened market activity. Meanwhile, Martinez highlighted on-chain data from Santiment showing that large investors accumulated nearly 1 billion XRP within the same period, reflecting increased confidence among institutional players. Beyond whale accumulation, on-chain metrics indicate a dramatic rise in adoption. On Wednesday, Martinez noted a significant uptick in active wallet tweeting: “ The number of active XRP addresses has skyrocketed by 620% in the past week, climbing from 74,589 to 462,650. This follows Santiment data from February 20, which revealed that 261 more wallets now hold over 100,000 XRP than ten weeks ago, highlighting a growing accumulation trend among high-net-worth investors. Additionally, the total number of accounts on the XRP Ledger has increased by approximately 24% from January 2024 to date, reflecting broader adoption for financial applications, including cross-border payments. That said, several factors drive XRP’s rally, including optimism surrounding potential crypto-friendly policies and regulatory reforms in the U.S. The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) remains a key focus, but market sentiment has increasingly tilted in XRP’s favor. Elsewhere, industry analysts point to new strategic partnerships, Ripple’s stablecoin RLUSD launch, and speculation about a potential spot XRP ETF as catalysts for the asset’s recent surge. Ripple President Monica Long recently expressed confidence in ETF approval, stating in an interview that she expects regulatory approval “soon,” mainly if Trump’s administration accelerates regulatory clarity. Adding to speculation, reports suggest Ripple executives, including CEO Brad Garlinghouse, have been engaging in discussions with Trump’s administration, potentially shaping favorable digital asset regulations. Despite the optimism, some analysts caution that whales may capitalize on the price rally to offload holdings. Crypto analyst Miles Deutscher noted on Monday that some XRP whales are selling at record levels. Since XRP’s price skyrocketed over 500% in November 2024, large holders have been actively distributing tokens. Notably, CryptoQuant data indicates that the 90-day moving average of whale trading volume has ranged between $120 million and $180 million per day. At press time XRP was trading at $2.20 reflecting a 7.71% drop in the past 24 hours.
Bitcoin’s recent performance at the critical $84,640 threshold has raised both hopes for a new all-time high and concerns over potential corrections. Historically, Bitcoin has shown a tendency to rebound
UPDATE: Elon Musk's DOGE is already making substantial cuts across the federal government. Here's what you need to know.
A breakdown could lead to a deeper correction, but history suggests a potential rebound.