White House News

The former White House crypto adviser, who joined Tether in August, will become CEO of its planned US-regulated, dollar-backed stablecoin project.

Whales are losing millions of dollars on the decline of the Trump-linked WLFI token, but most of the pre-sale participants are still holding the coin.

Sun said his WLFI pre-sale allocation was “unreasonably frozen” in a move that could damage the reputation of the Trump-family-linked decentralized finance platform.

The WLFI token became the ninth-most-bearish by investor sentiment, as whales lost millions on its more than 40% post-launch decline.

Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research.

The CFTC is seeking public input on how it can more effectively regulate spot crypto trading as part of its second “crypto sprint” initiative to advance the White House’s crypto agenda.

Whether the Fed yields to political pressure or stands firm, inflation looks inevitable. The only variable is speed and what it means for Bitcoin.

The appointment of Hines signals a renewed focus on entering US markets and more investments in “domestic infrastructure,” Tether CEO Paolo Ardoino said.

US Treasury Secretary Scott Bessent clarified that the department was exploring budget-neutral ways to buy Bitcoin, contradicting an earlier comment that tanked the market.

Bitcoin set another all-time high at $123,231 after US Consumer Price Index data showed July inflation was unchanged month-on-month and up 2.7% year-on-year.

Bitcoin surged above $122,000, within 1% of its all-time high, following last week’s pro-crypto White House executive order and three strong days of Bitcoin ETF inflows.

Hines said he is leaving the crypto advisory group to rejoin the private sector but will continue to support the cryptocurrency industry.

With the White House’s latest digital assets report, CCI chief Ji Kim says the US is finally stepping up to claim its place at the front of the global crypto race.

The White House may issue an executive order directing bank regulators to investigate debanking claims by crypto execs and conservatives, the WSJ reported.

The CFTC is seeking feedback on how to more effectively regulate spot crypto trading as it moves to implement recommendations from the Trump administration.