Arthur Hayes, co-founder of BitMEX and now running a family-office fund called Maelstrom, believes Bitcoin is poised for another significant surge similar to its rise from late 2022 to early 2025. Speaking on the “Forward Guidance” podcast, he emphasizes that the driving force behind this potential growth lies with the US Treasury, not the Federal ...
Investors looking to invest in Bitcoin might be nearing their last opportunity to buy it for under $100,000. Arthur Hayes, co-founder of BitMEX, warns that upcoming US Treasury buybacks could propel Bitcoin’s price higher. He calls this a potential tipping point for the cryptocurrency. As the US Treasury plans to repurchase its bonds, it may ...
The US Treasury has put $500 billion into financial markets since February, helping to fund government operations after hitting a $36 trillion debt ceiling. This increased liquidity has raised the Federal Reserve’s total liquidity to $6.3 trillion, which could positively impact Bitcoin prices. Financial expert Tomas noted that as the Treasury General Account (TGA) balance ...
Since February, the US Treasury has pumped $500 billion into financial markets by using its Treasury General Account (TGA) to manage government operations after hitting a $36 trillion debt ceiling on January 2, 2025. This surge in liquidity has raised the Federal Reserve’s total liquidity to $6.3 trillion, which may positively impact Bitcoin prices in ...
The US Treasury has stated that a court ruling is unnecessary in the lawsuit concerning the sanctions imposed on Tornado Cash, as it has been removed from the sanctions list. Tornado Cash was sanctioned in August 2022, reportedly for facilitating money laundering linked to North Korean hackers. After a favorable court ruling, the Treasury delisted ...
A Democratic lawmaker, Representative Gerald E. Connolly, is urging the US Treasury to stop plans for a strategic cryptocurrency reserve. He believes this reserve could primarily benefit President Donald Trump and his associates rather than the American public. In a letter to Treasury Secretary Scott Bessent, Connolly criticized the reserve as unnecessary and potentially wasteful, ...
House Representative Gerald E. Connolly, a Democrat from Michigan, has urged the US Treasury to stop plans for a strategic cryptocurrency reserve. He argues that such a reserve would not benefit the American public but would instead enrich President Donald Trump and his associates. In a letter to Treasury Secretary Scott Bessent, Connolly criticized the ...
The new GENIUS stablecoin bill is seen by Jean Rausis, co-founder of Smardex, as a way for the US government to gain control over stablecoins, similar to central bank digital currencies (CBDCs). He argues that by regulating stablecoin issuers, the government can monitor and potentially freeze transactions, ultimately leading to more centralized control. The GENIUS ...
Donald Trump, set to take office as President again, may issue an Executive Order to create a Strategic Bitcoin Reserve. This plan involves using the Treasury’s Exchange Stabilization Fund, which has over $200 billion in assets, to purchase Bitcoin. Trump’s allies, including Senator Cynthia Lummis, support this initiative, aiming to accumulate significant Bitcoin reserves for ...
A US appeals court has determined that the US Treasury Department overstepped its authority by sanctioning the cryptocurrency mixer Tornado Cash in 2022. The Treasury accused Tornado Cash of laundering over $7 billion linked to hackers, particularly from North Korea. This ruling favored six users of Tornado Cash who, with help from Coinbase, challenged the ...
