Increased defense spending may lead to higher bond yields, impacting currency values and posing challenges for monetary policy and crypto markets. The post NATO set to unveil billions in arms deals at Ankara summit, and the ripple effects will reach far beyond defense stocks appeared first on Crypto Briefing.
BonkDAO, the governance body behind the BONK memecoin ecosystem, recently reported a significant governance attack that resulted in approximately USD 20 million being drained from its treasury. According to a tweet by Wu Blockchain, this malicious proposal was designed to exploit vulnerabilities within the governance framework, raising serious concerns about the security of decentralized models […]
Kraken’s new API Partner Program is aimed at a less visible but important part of crypto markets: the platforms, brokers, and algorithmic trading desks that decide where order flow gets routed. For more details, visit the official Kraken platform. TL;DR Kraken has launched an API Partner Program for integrated trading platforms. The program includes lifetime […]
Microsoft is cutting 4,800 jobs, about 2.1% of its global workforce, and Xbox will absorb a large share of the reduction. The company laid off 1,600 Xbox workers on Monday, July 6. It expects another 1,600 cuts later this fiscal year, raising Xbox’s total to roughly 3,200 roles. Xbox CEO Cites Margin Gap Xbox CEO […]
Blockchain integration in sports streaming could revolutionize fan engagement and legitimize prediction markets, impacting global regulations. The post DAZN streams Spain vs Belgium World Cup quarterfinal with blockchain prediction markets baked in appeared first on Crypto Briefing.
Rep. Fine’s stance may hinder U.S.-Iran diplomacy, increasing geopolitical tensions and impacting global diplomatic strategies and market stability. The post Rep. Randy Fine opposes US-Iran talks after Khamenei funeral provocation appeared first on Crypto Briefing.
The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the reserve should be structured and which agency should have primary oversight of the holdings.US President Donald Trump’s March 2025 executive order called for the SBR to be housed inside the Treasury Department, while other agencies would assist with asset seizures to build the reserve. However, concerns have emerged over whether the Treasury has the legal authority to manage the Bitcoin (BTC) holdings, partly because of its volatility, Bloomberg reported Monday, citing people familiar with the matter. The Commerce Department has emerged as a contender to oversee the reserve, they said. The Department of Justice is also reportedly working with the departments to determine legally available options, they added.The Bitcoin reserve is a key part of Trump’s plan to make the US the “crypto capital of the world,” marking a major shift in the government’s approach to digital assets by positioning Bitcoin as a strategic reserve asset rather than a seized commodity.“To deliver on the President’s vision, the Trump administration continues to evaluate the best structure for a Strategic Bitcoin Reserve and US Digital Asset Stockpile,” White House spokesperson Liz Huston told Cointelegraph.Source: CointelegraphThe US currently holds 328,372 Bitcoin worth $21.1 billion — the most of any nation-state — but has sold portions through court-ordered actions over the years.Senators look to codify the Bitcoin reserveEfforts have been made to codify the Bitcoin reserve in Congress through the BITCOIN Act and ARMA Act, introduced in May, which seek to acquire 1 million Bitcoin over five years using budget-neutral strategies.Related: Has Strategy’s capital overhaul put an end to ‘death spiral’ fears?One of the White House’s top crypto advisers, Patrick Witt, described ARMA as “Version 2” of the BITCOIN Act and said the White House had spent significant time examining the legal implications of creating a Bitcoin reserve. “It’s a breakthrough as far as getting everything in place — legally sound — properly safeguarding the assets,” Witt said at the time.Under ARMA, Bitcoin must be held for at least 20 years unless it is sold to reduce America’s national debt, which is nearing $40 trillion.Bitcoin reserve developments viewed bullishlyDespite the interagency issues, many industry advocates say the SBR could strengthen the case for Bitcoin as a strategic reserve asset.“The Strategic Bitcoin Reserve isn’t just bullish for Bitcoin. It validates an entirely new category of capital allocation,” Tim Kotzman, host of the Bitcoin Treasuries Podcast, said.“Public companies moved first. Nation-states are beginning to follow.”While 15 nation-states hold Bitcoin, El Salvador is the only country that has formally established a Bitcoin reserve and is making routine purchases.Magazine: Does ‘Paper Bitcoin’ mean there’s an unlimited supply of BTC?
WULF is making waves in the market following significant announcements regarding its joint venture and lease agreements. According to a tweet by Matthew Sigel, WULF has sold a 50.1% interest in its Abernathy, Texas joint venture to Fluidstack, which comes alongside Anthropic’s notable $19 billion, 20-year lease at a Kentucky site. This news signals potential […]
CryptoUK has submitted its response to the Financial Conduct Authority (FCA) and the Bank of England regarding their joint Call for Input on the future of tokenisation in UK wholesale financial markets. This response reflects the insights and expertise of CryptoUK’s members and can be found in detail in their official tweet at this link. […]
Market reactions to Samsung’s forecast and yen’s decline highlight potential shifts in global economic dynamics and investor sentiment. The post Stocks ease despite upbeat Samsung forecast as yen slides to 40-year lows appeared first on Crypto Briefing.
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