Bitcoin price surges to fresh record ahead of Trump’s crypto dinner

Moreover, the energy consumption of Bitcoin can easily be tracked and traced, which the same cannot be said of the other two sectors. Those who defend Bitcoin also note that the complex validation process creates a more secure transaction system, which justifies the energy usage. On the flip side, countries like China have moved to heavily clamp down on Bitcoin mining and trading activities. In May 2021, the Chinese government declared that all crypto-related transactions are illegal. This was followed by a heavy crackdown on Bitcoin mining operations, forcing many crypto-related businesses to flee to friendlier regions.

SUI Token Falls Amid Cetus Protocol Hack Worth 260 Million

If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.

Strategy Adds 15,355 Bitcoin for $1.42B Amid Price Surge

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If you are new to crypto, use CoinMarketCap’s own educational portal — Alexandria — to learn how to start buying Bitcoin and other cryptocurrencies. This negative sentiment appears to have been broken, with a number of corporate behemoths buying up Bitcoin since 2020. In particular, business intelligence firm MicroStrategy set the pace after it bought $425 million worth of Bitcoin in August and September 2020.

The fund will invest at least 80% of its assets in XRP futures contracts and shares of other XRP-linked exchange-traded products. In addition to Sun, however, some attendees have publicized qualifying for the dinner. Another will be Sheldon Xia, the founder of a cryptocurrency exchange called BitMart that’s registered in the Cayman Islands. Many top crypto backers were naturally wary of traditional politics, but gravitated toward Trump last year. They bristled at Democratic President Joe Biden ‘s Securities and Exchange Commission aggressively bringing civil suits against several major crypto companies. Super PACs representing crypto companies spent over $100 million in the 2024 election cycle, helping elect lawmakers they view as friendlier to the crypto industry to Congress.

Every time developers offer the implementation of some changes, the latest bitcoin news become flooded with argues and disputes about this. Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.

• An earlier version of this story incorrectly said that President Trump has invited the top 220 holders of his namesake memecoin for dinner this Wednesday.
• They are often created as a joke, with no real utility and prone to extremely wild price swings that tend to enrich a small group of insiders at the expense of less sophisticated investors.
• Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements.
• A 60-day stay request made by Justin Sun and the SEC on Wednesday to “allow the Parties to explore a potential resolution” has been approved by a federal judge.
• Similarly, meme coins like FloppyPepe (FPPE) and Bonk (BONK) are igniting a fresh wave of FOMO with…

Just this month the former founder and CEO of a crypto company called Celsius Network was sentenced to 12 years for fraud and market manipulation. Perhaps the most sweeping changes have taken place at the Securities and Exchange Commission, whose mission is to police the financial sector and protect investors. The Jupiter executive explained JupNet in a detailed post, citing a Catstanbul 2025 announcement. JupNet is an omnichain network tackling blockchain interoperability with a decentralized state of truth, omnichain ledger, and aggregated decentralized identities (ADIs). “Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing.

Such a stablecoin, potentially open to other banks, aims to improve transaction speeds and efficiency while fending off competition from crypto firms. HYPE is up 15% in the past 24 hours, outperforming majors, as developers said they submitted comments to the derivatives agency on using DeFi principles to create better products. Bitcoin rises 1% to $83,300 amid trade war turbulence, diverging from Nasdaq’s decline, hinting at its potential as a resilient, strategic asset. Ethereum ETF assets hit a record low, with $1.1B in outflows over 7 weeks. Despite challenges, staking potential and ecosystem resilience signal a possible rebound.

You could just keep your dollars in dollars, and as long as they’re in a bank, the Federal Deposit Insurance Corporation will make sure you get it back. The crypto industry would prefer that you set aside that miracle of American engineering and hold stablecoins, which you’d now have a slightly better chance of getting back in the event that the company holding them for you goes under. It’s a solution to a problem that does not exist in traditional banking but that sometimes rears its head in crypto. But the latest surge in bitcoin’s price has come even as many tech stocks and the broader S&P 500 have declined.

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