Trump’s pro-crypto pledge could see day-one executive orders, industry players hope
Trump’s pro-crypto pledge could see day-one executive orders, industry players hopeA Bitcoin strategic reserve, access to banking services, and the creation of a crypto council are among the items on the industry's 'wishlist.'
Happy Tuesday!In today's CryptoSlate daily newsletter, we dive into pivotal developments shaping the cryptocurrency landscape. Trump’s Pro-Crypto Pledge: Industry players are eagerly anticipating a series of executive orders from President-elect Donald Trump on his first day in office, which could include establishing a Bitcoin strategic reserve and enhancing access to banking services. Meanwhile, Quantum Hack Concerns are resurfacing as researchers warn that advancements in quantum computing could pose a significant threat to Bitcoin's encryption within the next decade, potentially impacting trillions in value. Additionally, Market Volatility is evident as Bitcoin recently fell to $95k following $540 million in long liquidations, underscoring the risks of overleveraged trading. Lastly, MicroStrategy’s Ambitious Plans reveal intentions to boost its Bitcoin holdings significantly, increasing its shares from 330 million to 10 billion as it seeks to solidify its position in the digital asset space. Stay tuned for more insights and analysis on these critical topics! LATEST SLATECAST 🎙️ On-chain AI and the future of privacy: Jesse Glass talks identity, AGI, and Decide AI’s 2025 roadmap 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.41 trillion, with a 24-hour volume of $149.14 billion. The price of Bitcoin is $97,428.21, and BTC market dominance is 56.6%. The price of Ethereum is $3,452.51, and ETH market dominance is 12.2%. The best-performing sector is Base Ecosystem, which gained 18%. The Crypto Fear & Greed Index is currently Greed (73). 📰 Top News
Trump’s pro-crypto pledge could see day-one executive orders, industry players hopeA Bitcoin strategic reserve, access to banking services, and the creation of a crypto council are among the items on the industry's 'wishlist.' WSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’The article addresses a threat well-known to crypto enthusiasts, which is the possibility to breach Bitcoin's encryption using quantum computer within 10 years. Bitcoin tumbled to $95k after $540 million in long liquidationsLong liquidations highlight the peril of overleveraged trading as Bitcoin's rapid decline shatters key support levels. MicroStrategy’s $42 billion Bitcoin plan includes increasing shares from 330 million to 10 billionMicroStrategy prepares to tackle new governance challenges as it strives to amplify its role in the digital asset sphere.
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