Here is what happened yesterday in the crypto market:
Trump’s SEC Pick Faces Scrutiny Over Crypto Ties
Paul Atkins, President Trump’s nominee to lead the SEC, is facing scrutiny from Senator Warren regarding his connections to the crypto industry ahead of his confirmation hearing. This raises questions about potential conflicts of interest and the future of crypto regulation under his leadership. Read more
FBI Seizes Crypto Linked to Hamas
The FBI has seized over $200,000 in cryptocurrency from wallets and exchange accounts allegedly linked to the Hamas militant group. This action highlights law enforcement’s increasing ability to track and disrupt illicit crypto financing. Read more
Bitcoin Whales Accumulate $11B in Two Weeks
Despite market uncertainty, large Bitcoin investors, or “whales,” have purchased $11 billion worth of BTC in just two weeks. According to Glassnode, this suggests strong confidence among major players in Bitcoin’s future potential. Read more
GameStop’s Market Cap Plummets After Bitcoin Announcement
GameStop’s market capitalization dropped significantly after the company announced plans to add Bitcoin to its balance sheet. Investors are seemingly skeptical about the strategic rationale behind this move. Read more
Senator Introduces Bill to Restrict Fed’s CBDC Plans
Senator Ted Cruz has introduced a bill aimed at preventing the Federal Reserve from issuing a central bank digital currency (CBDC). The bill, named the Anti-CBDC Surveillance State Act, aims to protect financial privacy and prevent government control over digital currency. Read more