Bitcoinsistemi

Stuart Alderoty, Ripple's CLO, discussed withdrawing the appeal in the SEC case and highlighted the need for clear crypto regulations in the US to foster innovation. He emphasized the importance of smart crypto regulations to protect consumers, ensure market integrity, and facilitate innovation.

The analyst known as il Capo predicts a local peak for Bitcoin around $96,000 to $98,000, while favoring Ethereum in terms of bullish performance. He also mentions growth potential for Solana and other altcoins. Despite previously advocating a bear market, il Capo now suggests a possible new bullish movement if Bitcoin remains above $92,000.

The developers of the memecoin MELANIA, launched by Melania Trump, have continued to make significant sales in the past eight days, totaling around $23 million, while the TRUMP token has relatively better market standing. Both coins are highly speculative and lack real-world utility.

Senator Cynthia Lummis supports a groundbreaking proposal for the US to create a strategic Bitcoin reserve by purchasing one million BTC, as suggested by President Donald Trump to redefine the country's economic future. Lummis sees this initiative as not only a hedge against inflation but also a bold step towards modernizing the US financial system, describing Bitcoin as a fantastic new ledger-based asset that can enhance security and service global needs. She highlights the broader social impacts and the opportunity for hardworking people worldwide to benefit from this innovation, emphasizing America's leadership in its implementation.

Elon Musk recently responded with an emoji to a Grok Tweet mentioning memecoins Gork and Retard Finder. It's important to note these memecoins are high-risk and not affiliated with Musk. Many similar memecoins are fake and scams.

Pi Coin (PI) announced a new wallet activation feature to expand access to the Pi Mainnet ecosystem, facilitating user participation. The feature allows verified users to activate their wallets on the Mainnet blockchain, enhancing inclusivity. The process is streamlined, enabling interaction with the ecosystem before full migration, benefiting millions of users.

Rick Rieder, BlackRock's Global Fixed Income CIO, cautions against rushing for rate cuts despite market pricing, stating the Fed won't hurry post latest jobs report. He warns investors of overstretched valuations and suggests downside protection strategies amidst amplified volatility. Rieder remains skeptical of over four rate cuts by year-end, believing the Fed will proceed cautiously, citing stable core inflation and employment data. While acknowledging a potential rate cut window in the coming months, Rieder emphasizes prudence in decision-making based on current data.

Weaker than expected US economic performance and easing inflation data revived more dovish Fed hopes, with analysts predicting Bitcoin may outperform stocks in the coming months.

The UK's Financial Conduct Authority is considering tighter regulations to reduce risks for retail investors in the cryptocurrency sector, potentially banning buying crypto on credit to address concerns about potential debt spirals. The FCA aims to enhance consumer protection and increase awareness of risks associated with cryptocurrency investments.

Thumzup Media Corporation has applied for a $200 million shelf offering to use its revenues to buy Bitcoin, as reported in the latest development. Shelf offering allows companies to gradually sell their shares on the stock market within a specified period.