23 May Trump crypto czar Sacks stablecoin bill unlock trillions for Treasury

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 https://ai-robert.com/ 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. The live Bitcoin price today is $111,085 USD with a 24-hour trading volume of $58,459,888,749 USD.

• Coinatory is a news portal dedicated to providing the latest updates on cryptocurrency, blockchain, and mining.
• The country’s president, Nayib Bukele, announced and implemented the decision almost unilaterally, dismissing criticism from his citizens, the Bank of England, the IMF, Vitalik Buterin and many others.
• XRP’s price rose 2.7% to $2.42, with daily trading volumes climbing 45% to $4.33 billion, fueled by the Volatility Shares XRP Futures ETF debut on Nasdaq.

Ant Digital Technologies RWA REAL UP Dubai Summit

And now, Coinbase is set to become part of the S&P 500 starting at the open of trade on Monday, replacing Discover Financial Services, which is being acquired by Capital One Financial. And regulators such as the SEC and the country’s law enforcement are not necessarily giving up on overseeing crypto altogether. Crypto companies have welcomed the changes, calling them a needed readjustment from what they saw as excessive heavy-handedness under the Biden administration.

The recent significant depreciation of the U.S. dollar has become a key driver behind Bitcoin’s price increase. According to the latest data, Ethereum (ETH) experienced a staggering nearly 20% drop in price over the seven days ending March 9, 2025, marking its largest weekly percentage decline since November 2022. Bitcoin’s recent volatility reflects broader risk asset fatigue, with potential for a rebound driven by risk asset recovery and positive Bitcoin-specific developments. These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way. XRP’s price rose 2.7% to $2.42, with daily trading volumes climbing 45% to $4.33 billion, fueled by the Volatility Shares XRP Futures ETF debut on Nasdaq.

Trading Signals

Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. Furthermore, some who defend Bitcoin argue that the gold and banking sector — individually — consume twice the amount of energy as Bitcoin, making the criticism of Bitcoin’s energy consumption a nonstarter. 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. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.

From financial regulators to the halls of Congress and all the way to the Oval Office, the U.S. is fully embracing — and even promoting — crypto. For years, crypto was viewed by many as a weird and fringe investment, hyped up by a bunch of math geeks and used widely by all kinds of unsavory characters, from drug dealers to hackers. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen. “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. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.

Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit. Spanning several ecosystems, crypto markets, and key events will drive volatility for different tokens this week.

New Hampshire just passed a law establishing its own “Strategic Bitcoin Reserve,” paving the way for the state to start investing in digital assets such as Bitcoin. It’s the first state in the country to do so, beating several other states to the punch. 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. Bitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill ill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration.

Although HODLers will probably not notice a big impact, Taproot could become a key milestone to equipping the network with smart contract functionality. In particular, Schnorr Signatures would lay the foundation for more complex applications to be built on top of the existing blockchain, as users start switching to Taproot addresses primarily. If adopted by users, Taproot could, in the long run, result in the network developing its own DeFi ecosystem that rivals those on alternative blockchains like Ethereum. Taproot is a soft fork that bundles together BIP 340, 341 and 342 and aims to improve the scalability, efficiency, and privacy of the blockchain by introducing several new features. Proceeds to support corporate initiatives including bitcoin acquisitions and working capital. The Trumps are financial backers of World Liberty Financial, which just launched its own stablecoin — USD1 — backed by Treasuries and dollar deposits.