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World Liberty Financial, the crypto project backed by the family of U.S. President-elect Donald Trump, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter.The prospective move would deepen World Liberty Financial's close ties to the Tron empire. Its founder Justin Sun already
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As federal agencies prepare for new executive leadership, an obscure ethics rule threatens to hamstring the incoming Trump administration's ability to develop sound digital asset policy. Legal Advisory 22-04, issued by the Office of Government Ethics in 2022, has flown largely under the radar as part of the Biden administration's restrictive
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CoinDesk’s coverage kicked into high gear this week as crypto readied for a new presidency and a new regulatorily-friendly era.Some highlights:Senior analyst James Van Straten reported on a wave of companies buying bitcoin for their balance sheets, following a model pioneered by MicroStrategy’s Michael Saylor.Markets reporter Krisztian Sandor followed the
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Crypto venture capital (VC) activity remains below the levels seen in previous bull markets despite the recent rally in digital assets, Galaxy Digital (GLXY) said in research report on Wednesday.Total capital allocated to VC funds in 2024 was $11.5 billion, less than in 2023.Galaxy noted that VC activity was highly
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By Omkar Godbole (All times ET unless indicated otherwise)The crypto world is buzzing as President-elect Donald Trump's inauguration nears. Bitcoin is holding above $100,000 and altcoins like SOL, ADA, LINK, XRP and LTC are shining as it's not just about a potential strategic bitcoin reserve anymore. Reports suggest Trump could
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Publicly traded U.S. crypto mining companies doubled their bitcoin (BTC) holdings last year, taking the total to 92,473 valued at $8.6 billion as of end-December while the price of the largest cryptocurrency rose 120%, according to data from TheMiningMag.The biggest amount, almost half of the total, is held by MARA
Read MoreBitcoin (BTC) mining stocks tracked by JPMorgan have enjoyed a strong start to the year, with 12 of the 14 companies outperforming the world's largest cryptocurrency in the first two weeks, the Wall Street bank said in a research report Thursday.The network hashrate has risen 2% month-to-date to an average
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Stars cannot align more positively for crypto in the U.S., the world's largest economy, if the latest media reports are anything to go by. Still, one key indicator shows a lack of excitement among U.S. investors.Late Thursday, Bloomberg reported that President-elect Donald Trump will likely issue an executive order announcing
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A fellow at crypto think tank Coin Center filed suit against U.S. Attorney General Merrick Garland on Thursday, seeking a judge’s guarantee that the Department of Justice (DOJ) will not be able to prosecute his forthcoming crypto project for violating money transmitting laws in the future.The lawsuit, filled by blockchain
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While a litecoin (LTC) exchange-traded fund is still only theoretical, investor demand for the product could soar as high as $580 million if Wall Street adopts it at the same rate it did LTC’s better-known cousin bitcoin.That calculation is based on the roughly 6% of bitcoin’s total supply now locked
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