Is the future US Secretary of Commerce a new helper for cryptos? His company was exposed to holding Tether, advancing the bitcoin lending project

Financial services company Cantor, founded and led by Lutnick, reached an agreement last year to hold 5% of Tether's equity, worth as much as $0.6 billion at the time; Tether is facing investigations by the US Department of Justice for violating sanctions and money laundering regulations, with its boss stating that Lutnick will try to use his political influence to resolve the threats facing Tether; Cantor is also considering accepting Tether's support for its initial $2 billion Bitcoin collateral loan project.

wallstreetcnNov 25 16:04 ET

Cynthia Lummis Says Strategic Bitcoin Reserve Could Take Shape Soon After Trump 'Raises His Hand And Is Sworn In'

BenzingaNov 20 01:15 ET

The IMF warns that these two major industries are comparable to "electricity-hungry giants": their power consumption approaches that of a major economy.

①IMF Deputy Managing Director Gita Gopinath is concerned that the energy consumption and carbon footprint of cryptocurrency mining and datacenters are rapidly increasing; ②She expects that by 2027, the share of these two industries in global electrical utilities may rise from 2% in 2022 to around 3.5%; ③This level is comparable to the current electricity consumption of Japan, the world's fifth largest electricity-consuming country.

cls.cnNov 18 05:11 ET

The Trump Playbook? Polish Presidential Candidate Mentzen Promises To Establish Bitcoin Reserve

BenzingaNov 18 03:34 ET

Allies of Trump have proposed a bold plan: to sell the gold reserves of the Federal Reserve to purchase 1 million bitcoins.

① An ally of President Trump, elected in the usa, is currently proposing a bold plan in the usa Senate. ② This plan could fill the bitcoin global strategy reserve proposed by Trump without increasing the federal deficit, and its approach is very straightforward: sell some of the gold reserves of the Federal Reserve...

cls.cnNov 14 21:04 ET

Bitcoin rally pauses: halftime break or already at the peak?

①After Bitcoin reached a high of $90,000 and fell back, analysts pointed out that as the market gradually digests the positive impact of Trump's election on cryptocurrencies, Bitcoin's rise has entered a consolidation phase; ③Although Trump's policies are likely to boost inflation and be bearish for cryptocurrencies, the market sentiment remains positive, with Bitcoin call options still betting on the price breaking through $0.1 million.

cls.cnNov 13 02:48 ET