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The weaponization of the U.S. dollar has become a hot topic in international finance right now, especially after the United States took the dramatic step of freezing about $300 billion of Russian foreign exchange reserves back in 2022. This bold move has set off a chain reaction of currency market volatility and has got many countries seriously questioning U.S. dollar dominance in global trade. At the time of writing, we’re seeing more and more nations actively looking for ways to reduce their dependency on the American currency. Also Read: Trump Moves to Impose 100% Tariff on All Foreign-Made Films How De-dollarization is Affecting Global Markets and Investments in 2025 Source: unimoni.in Dollar Weaponization Through Sanctions Since the Cold War period, the United States has used dollar payments together with their financial network for economic sanctions against nations whose interests differ from American policies. The practice began during the 1950s when the Soviet Union and N...

Kraken has reintroduced on-chain staking for US clients in 39 states, enabling users to stake 17 assets, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA). The US centralized exchange was forced to end its staking service in February 2023 as part of a settlement with the US Securities and Exchange Commission (SEC), which included a $30 million fine. The agency alleged that the exchange offered unregistered securities to clients through its staking-as-a-service initiative. Trump’s Crypto Policy Changes Impact On Kraken’s Move Kraken said yesterday that customers in the 39 eligible states can use Kraken Pro to participate in bonded staking, where tokens are locked for a set period of time depending on the blockchain network.  Kraken’s move to reintroduce staking to US customers follows President Donald Trump’s first crypto executive order, which aimed to clarify crypto regulations and foster a more favorable environment for digital...

The state of Utah has presented a new bill proposing to allow 10% of state funds to be invested in Bitcoin (BTC) and stablecoins. State Representative Jordan Teuscher presented the bill on Monday, Jan. 20, 2025. An interesting point is that the proposed legislature was introduced on the day of Donald Trump’s inauguration as the 47th President of the United States. Also Read: 5 Currencies That May Take A Major Hit If De-Dollarization Advances The proposed legislature is called the “Blockchain and Digital Innovation Amendments” bill. According to an X post by State Representative Teusher, “ This bill reflects our commitment to embracing cutting-edge technology and preparing for the future of finance, while ensuring fiscal sovereignty. “ If voted into law, the bill could lead to a significant rise in Bitcoin’s (BTC) adoption. Utah is the 11th US state to have a BTC reserve bill. Will Bitcoin Rally? Source: Watcher Guru The proposed bill is a bullish deve...

Bitcoin has played a pivotal role in the recent US elections. The token has been at the center of all major activities, promoted by Donald Trump in all his major and minor electoral campaigns. Now that Trump is all set to be sworn in as the next US president, the world is anticipating a stark change in BTC’s price trajectory, ushering in a positive price momentum. Will Bitcoin break all its previous records after January 20th once Trump assumes official presidential duties? Let’s find out. Also Read: How High Will LTC Surge If Litecoin ETF Is Approved? Trump Wants To Make America A Central Crypto Hub Source: VOV In one of his recent public interactions, president-elect Donald Trump has shown that his priorities about crypto are already sorted. Trump shared how he wants America to embrace crypto technologies, ensuring that his regime helps sustain these industries in the long haul. “Instead of attacking industries of the future, we will embrace them, including making America the wo...

As one of his many campaign promises to an audience of Bitcoin enthusiasts in July 2024, incoming US President Donald Trump promised to free Silk Road founder Ross Ulbricht on his first day in office. Fast-forward to today and that “day one” promise is just six days away. Inauguration Day, which this year coincides with Martin Luther King Jr. Day, will see Joe Biden cede the US Presidency to Trump on Monday, January 20. That will initiate a 24-hour countdown on his commitment to commute the sentence of a man who once owned, prior to his FBI asset forfeiture, the world’s largest darknet marketplace and its 144,000 bitcoins. Importantly, Trump promised to free Ulbricht from prison — not pardon him . A pardon forgives and absolves a guilty verdict. A commutation or reprieve, in contrast, simply terminate some of the penalty for a crime while retaining the determination of guilt. Trump, like all politicians, has promised many things that never actually tra...

Ethereum (ETH) has once again breached the $4000 level. The asset has rallied 1.4% in the daily charts, 8.1% in the weekly charts, 10.1% in the 14-day charts, and 30% over the previous month. ETH’s price has also risen by 80.5% since December 2023. Also Read: Walmart is Yahoo’s Company of the Year: What’s It’s Stock Future? Source: CoinGecko Why Is Ethereum Rallying? ETH has struggled to hold the $4000 price point this year. The second-largest crypto project by market cap breached the $4000 mark in March and earlier this month. Prices did not hold in both instances, and the asset quickly faced a correction. Source: CNBC Also Read: Why is XRP called Ripple? ETH’s latest rally could be due to Bitcoin (BTC) rising to a new all-time high of $107,822 on Dec. 16, 2024. BTC is the market leader, and other assets tend to follow its trajectory. With Donald Trump’s inauguration set to take place on Jan. 20, 2025, we may witness another market-wide rally. Trump’s pro-crypto...

Bitcoin (BTC) maximalist and Microstrategy CEO Michael Saylor recently appeared for an interview with CNBC host Morgan Brennan. Saylor and Brennan spoke about the recent BTC price spike. BTC’s latest rally took Microstrategy’s BTC ROI to over 100%. The company currently holds over $20 billion worth of BTC. According to Saylor, there has been a significant change in how the cryptocurrency sector is viewed in the political landscape. Saylor highlights that the shift in the political landscape and support from financial institutions such as BlackRock has created a favorable environment for Bitcoin (BTC). Saylor dismissed the possibility of BTC falling to $60,000. Instead, the BTC maximalist believes the original crypto will breach the $100,000 level before the year ends. Also Read: Luckiest Man on Earth: Invests $16 & Makes $14 Million in PNUT Cryptocurrency Can Bitcoin Hit $100,000 Before 2025? Image Source: Unsplash Saylor is not the only one who believes BTC will breach the ...

Ahead of Donald Trump’s arrival in the White House, Pennsylvania has officially introduced a bill that would create a Bitcoin strategic reserve for the state. Indeed, a Fox Business report states that several states across the country are beginning to establish their own plans to integrate the leading cryptocurrency. Pennsylvania lawmakers introduced the bill as Donald Trump’s second term is likely to introduce a strategic reserve for the crypto. Indeed, US Senator Cynthia Lummis previously suggested that Trump could approve the legislation within the first 100 days of his second term. JUST IN: Pennsylvania introduces bill to create a #Bitcoin Strategic Reserve for the state. — Watcher.Guru (@WatcherGuru) November 14, 2024 Also Read: Trump Proposes Bitcoin Advocate Matt Gaetz as Attorney General Pennsylvania Introduces Bitcoin Reserve Bill as Trump Prepares National BTC Stash There is no denying the impact that Donald Trump has had on Bitcoin. Following his victory in...

Throughout the ongoing crypto bull run, meme coins have benefitted massively. Indeed, as Bitcoin has surged to an $89,000 all-time high this week, Dogecoin (DOGE) has surged more than 100% over the last seven days, according to CoinMarketCap. Yet, with Pepe (PEPE) seeing its market cap increase 24% in the last day, can it eventually flip Shiba Inu (SHIB)? The meme coin run seems to be fueled by the recent 2024 presidential election results. Donald Trump’s victory will see the first true crypto president take office. As his second term looms, the cryptocurrency sector could be set to surge massively. That could push Pepe into the top two meme tokens. Source -CoinGape Also Read: Pepe Coin: How High Can PEPE Surge In November 2024? Pepe to Supplant SHIB as 2nd Largest Meme Coin by Market Cap? The last year has been massive for the cryptocurrency industry. Through the past ten months, the asset class has grown exponentially. Prominent asset managers like BlackRock and Fidelity have em...

Bitcoin reached a high of $75,317 in the early hours of this morning In September, Bernstein analysts predicted Bitcoin to reach between $80,000 and $90,000 by the end of 2024 if Trump won Unity’s COO said to Coinjournal said it was “disingenuous” to say Trump winning the US election was the sole reason Bitcoin’s price went up Bitcoin rose to a record high of over $75,000 early this morning as voting results signalled a Donald Trump win for the White House. Data from CoinMarketCap shows Bitcoin achieved a high of $75,317 around 6:25 this morning. Before the election results started coming in last night, Bitcoin was trading at around $69,000. However, as the evening progressed and into the early morning, Bitcoin continued an upward trajectory before reaching its new all-time high. Bitcoin’s last all-time high took place in March when it reached $73,000. Bitcoin’s all-time high of over $75,000. Source: Coinmarketcap ...

Meme coins linked to Donald Trump surged, despite a recent dip in his Polymarket odds, as crypto investors position themselves ahead of tomorrow’s US election. Pepe ( TRUMP ) was the biggest gainer, posting an impressive 128% price surge in the last 24 hours. Similarly, TrumpCoin ( DJT ), Super Trump ( STRUMP ) and MAGA Hat ( MAGA ) saw their prices soar by 98%, 46% and 32%, respectively. Trump’s US Election Odds Plunge On Polymarket Polymarket odds of a Trump victory in tomorrow’s US election plunged 9% in the last week. They have since recovered slightly, with the Republican’s chances rising by 3% in the last 6 hours to stand at 57% as of 3:17 a.m. EST. Conversely, current Vice President and Democrat Kamala Harris saw her odds jump 9% in the last week. However, her odds took a 3% knock in the last few hours. Overall, Polymarket bettors now see a 43% chance that she will emerge victorious in the US election tomorrow. Trump Predicted To Take The Lead In ...

The debut token sale for World Liberty Financial, the crypto project backed by Donald Trump , struggled to gain traction on launch, with only a small fraction of its WLFI tokens sold. The WLFI token sale went live on Oct. 15 amid high traffic and much hype that helped trigger website crashes, but the sale failed to live up to expectations, netting only about $10 million. After going live at 8:40 a.m. ET yesterday, the WLFI token sold over 344 million tokens to 3,000 unique addresses within the first hour at $0.015 a piece, raising a little more than $5 million. *TRUMP’S WLFI PRESALE RAISES $5M IN FIRST HOUR *WLFI SITE FACES ON-AND-OFF DOWNTIME, NO TOKEN PURCHASES IN LAST 8 MINUTES — db (@tier10k) October 15, 2024 Multiple website outages marred the sale, hindering the buying process and frustrating potential investors. By 11:25 p.m. ET, only 610 million WLFI tokens had been sold out of the 20 billion set aside for the token sale, raising $9.15 million. The situation...

Bitcoin’s recent rise above $65K is being driven by the increasing odds of a Donald Trump election victory, according to analysts at Bernstein. “We believe the recent bitcoin strength is being driven by the return of bitcoin’s correlation to Trump’s election odds,” Bernstein analysts said in an Oct. 15 note. Donald Trump The Favorite To Win The Election As MSTR Seen As A Corporate BTC Index Former US President Trump’s odds of winning the election currently stand at 56.5% on the decentralized betting platform, Polymarket . Meanwhile, his political rival and current US Vice President Kamala Harris has a 43% chance, according to bettors on the platform. Trump also has the lead in five of the six swing states. The US-regulated Kalshi shows that Trump leads Harris as well. Odds in favor of Trump currently stand at 55% after a 2% increase, while bets for Harris place her chances at 45% following a 1% decrease. “We believe the bitcoin market str...