As the sun sets on yet another fast-paced day in the world of cryptocurrencies, here's what unfolded to keep you up-to-date. In a daring move, Tuttle Capital Management is pushing the limits of crypto investing by seeking approval from the SEC to list ten leveraged crypto ETFs, featuring unique assets like Trump-linked memecoins, Solana (SOL), and Cardano (ADA). This development underscores the expanding interest in cryptocurrencies and memecoins, even as they challenge regulatory landscapes. Meanwhile, Scott Bessent, renowned for his pro-crypto stance and billionaire status, has been confirmed as the U.S. Treasury Secretary. Under President Trump's administration, this appointment marks a pivotal shift towards crypto-friendly policies, heralding new opportunities for digital assets in fiscal policy and regulations. Ripple's CEO, Brad Garlinghouse, is advocating for a diverse U.S. crypto reserve, suggesting that a national digital asset strategy should include various cryptocurrencies like Bitcoin (BTC) and XRP. This comes in tandem with President Trump's pro-crypto executive order aimed at establishing the U.S. as a hub for the crypto industry, sparking deliberate discussions among crypto enthusiasts. However, not all is smooth sailing in the digital currency seas. The market has seen a surge of fraudulent activity with scammers exploiting enthusiasm around the Chinese AI firm DeepSeek, launching 75 fake tokens despite the firm's non-involvement in crypto. This frenzy resulted in a temporary market cap boost for a fake Solana token. Ethereum isn't immune from the day's challenges either, as its Foundation faced backlash for selling 100 ETH amid a price slump, leaving investors questioning its price stability. ETH is currently navigating through a bearish tide, with a 7% price drop unsettling the waters. Meanwhile, Arizona is making bold strides in the crypto space, as the Senate Finance Committee has advanced legislation that would allow the state to invest up to 10% of its public funds in Bitcoin (BTC). This positions Arizona as a potential vanguard in digital asset adoption. Bitcoin itself is in the spotlight, with prices dipping below $100,000, leading to waves of liquidations and further bearish sentiment. Despite these conditions, major Bitcoin holders are holding firm, signaling the potential for future corrections and keeping investors on edge. In more positive news, Metaplanet Inc., from Tokyo, aims for a significant Bitcoin acquisition by setting sights on a 21,000 BTC holding by 2026, mirroring strategies of corporate giants like MicroStrategy. This ambitious plan reveals the enduring corporate interest in the leading cryptocurrency. Across the Atlantic, French authorities have launched an investigation into Binance for alleged money laundering and unlicensed activities, adding another layer of scrutiny to the global regulatory environment for crypto platforms. Lastly, Venice AI's launch of its VVV token on Ethereum's Base network highlights innovative developments within the sphere, creating excitement with its strategic airdrop. The Ethereum ecosystem continues to evolve through such projects, adding to its dynamic landscape. With these pivotal moves, debates, and challenges, the crypto world today shows no sign of slowing down. Stay tuned as these stories unfold and continue to shape the financial landscape of tomorrow.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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