Republican Senator proposed to buy more Bitcoin by selling The Fed’s gold

U.S. Senator Cynthia Lummis proposed a Bitcoin national strategic reserve by selling some of The Federal Reserve’s gold, rather than buying from government budget. Cynthia Lummis, a Republican Senator, plans to push President-elect Donald Trump’s masterplan for Bitcoin into reality. Lummis has mentioned, in an interview with Bloomberg, that some of The Federal Reserve’s gold […]

Bitcoin ETF outflows slow down, $100k BTC still in sight

Spot Bitcoin exchange-traded funds recorded two consecutive outflow days as the top cryptocurrency corrected almost 3% after the U.S. Federal Reserve hinted that further interest rate cuts might not be coming. After three consecutive inflow days bringing in over 2.43 billion between Nov. 11 and Nov. 13, the weekly inflows were offset by two consecutive […]

Bitcoin ETF options coming ‘soon’ following CFTC clearance 

The U.S. Commodity Futures Trading Commission issued an advisory through its Division of Clearing and Risk stating it would no longer have a role in clearing Bitcoin ETF options. The agency is transferring this responsibility to the Options Clearing Corporation, according to a prepared statement. “[..] In light of relevant precedents in the courts, it […]