Trend Digest – Your Reliable Guide to Cryptocurrency News
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JUP surged 6% in 24 hours, reaching $0.97 with a 200% increase in trading volume. Jupiter announced a $3.6 billion token burn and a buyback program aimed at strengthening fundamentals. Half of the protocol’s fee revenue will fund token buybacks, while the other half supports growth and operational stability. As the cryptocurrency market faces a…
Texas is making history by creating a state Bitcoin reserve, with Lieutenant Governor Dan Patrick prioritizing Senate Bill 21 for 2025. Other states like Pennsylvania, Ohio, Florida, and Wyoming are also exploring Bitcoin reserves, but Texas’ plan is the most ambitious. Bitcoin is seen as a hedge against inflation, and Texas aims to lead digital…
California lawmakers have been exploring ways to adopt digital assets and Web3 protocols to supplement its struggling economy. Bitcoin price stands to significantly benefit once the United States adopt a strategic Bitcoin reserve. The United States is preparing to adopt Bitcoin as a strategic reserve under the upcoming Donald Trump administration. Several states – led…
TMTG announced the launch of its FinTech brand Truth.Fi to expand into digital finance. The company plans to invest up to $250 million through Charles Schwab across various asset classes, including Bitcoin. Shares of TMTG surged more than 15% following the announcement. Trump Media and Technology Group (TMTG), the parent company of Truth Social, the…
JPMorgan Analysts say Bitcoin and components of the Russell 2000 index are correlated. This correlation shares insight into linked volatility between the asset classes. Bitcoin headwind remains, but experts see up to $116,000. Analysts at have at the high correlation between Bitcoin and small-cap tech stocks in the Russell 2000 Index. This claim was made…
The Solana transaction delays on Coinbase have triggered an apology from Brian Armstrong. The CEO promised the platform would boost its infrastructure to handle more user load. The community remains skeptical, despite the current SOL transaction backlog being cleared. Coinbase CEO Affirms the Solana Problem We have the Solana backlog triaged, and transactions should generate…
The board decision sparked immediate market response with 3% stock price increase, despite recent volatility challenges for the company. The strategic move aligns with a broader institutional trend, as firms like Fathom Holdings commit significant portions of excess cash to Bitcoin. The timing coincides with Bitcoin’s remarkable market performance, having doubled in value to surpass…
Lubin emphasized that Ethereum ETF fund issuers are working on robust solutions to address staking-related challenges. Spot Ethereum ETFs have seen growing inflows, particularly after Donald Trump’s election victory. Crypto mom Hester Pierce will lead the crypto task force and clear way for Ether ETF staking. ConsenSys founder Joe Lubin said that the issuers of…
Bonk, a Solana-based meme coin, is gaining attention amid rising whale support. A whale recently invested $4.29 million, accumulating 204 billion Bonk tokens. Fibonacci levels suggest over 100% upside potential for Bonk to $0.00008189. As Bitcoin creates a new Altima, the meme coin segment is on a bullish surge. The meme coin market cap has…