Kamis, 26 Desember 2024

CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve

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CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve

Analysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation.

CryptoSlate

Dec 26

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Happy Thursday!

In today's CryptoSlate newsletter, we highlight key developments in the cryptocurrency landscape, including a bold proposal from CryptoQuant's CEO suggesting that the U.S. could cut its national debt by establishing a strategic Bitcoin reserve, a move seen as both symbolic and practical amid economic challenges. Additionally, Bitcoin accumulator addresses have acquired 225,000 BTC in December, reflecting strong demand despite significant sell pressure, while Russian firms increasingly turn to Bitcoin and stablecoins for global trade in response to sanctions. Finally, Sonic Labs has launched a new feature allowing users to swap FTM for S tokens via its Gateway, enhancing accessibility within the Sonic blockchain ecosystem. Stay tuned for more insights!

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The global crypto market cap is $3.32 trillion, with a 24-hour volume of $123.77 billion. The price of Bitcoin is $95,932.31, and BTC market dominance is 57.1%. The price of Ethereum is $3,344.20, and ETH market dominance is 12.1%. The best-performing sector is Move-to-Earn, which gained 7%. The Crypto Fear & Greed Index is currently Greed (79).