Market Movements
bitcoin (BTC): Currently trading at $88,247, reflecting a modest increase of 1.38% over the past week.
Ethereum (ETH): Standing at $2,071.31, showing stability with a slight uptick of 0.11%.
Binance Coin (BNB): Priced at $631.47, experiencing a minor decline of 1.07%.
XRP: Trading at $2.47, up by 1.23%.
Cardano (ADA): At $0.769, marking a 2.02% increase.
Solana (SOL): Valued at $145.25, rising by 2.20%.
Dogecoin (DOGE): At $0.205, with a notable gain of 10.53%.
Polkadot (DOT): Priced at $4.74, up by 2.15%.
Polygon (MATIC): Trading at $0.245, increasing by 10.60%.
Litecoin (LTC): At $95.94, up by 3.28%.
Political Developments
Trump Family Launches Stablecoin: World Liberty Financial, a venture backed by President Donald Trump and his family, announced plans to launch a new stablecoin named USD1. This digital token will be pegged to the U.S. dollar and backed by short-term U.S. Treasurys, dollar deposits, and other cash equivalents. The initiative aims to provide a stable digital currency for secure and seamless cross-border transactions.
GameStop Invests in bitcoin: GameStop has entered the cryptocurrency market by adopting bitcoin as a treasury reserve asset. This move led to an 8.3% rise in its stock price during after-hours trading. The decision aligns GameStop with other companies that have incorporated bitcoin into their investment portfolios.
Bloomberg
Fun Fact
GameStop’s Crypto Move: GameStop’s decision to invest in bitcoin marks a significant shift for the company, traditionally known for its physical video game retail business. This move reflects a broader trend of traditional companies embracing digital assets to diversify their portfolios and adapt to the evolving financial landscape.
Stay tuned for more updates in the dynamic world of crypto!