US government has now lost $21 billion selling seized Bitcoin we once fought to freezeBitcoiners once wanted to freeze gov coins, now they cheer hoarding seized assets.
Happy Monday!From the US government’s $21 billion Bitcoin misstep to Pakistan’s bold crypto mining plans and a heated debate over stablecoins, today’s headlines spotlight the fast-evolving world of digital assets. As the US rethinks its Bitcoin strategy, the IMF questions Pakistan’s power allocation for mining, and Paul Krugman challenges the value of stablecoins, the crypto conversation is more charged than ever. Catch up on the stories driving the next wave of innovation in finance below.
Ad: Make the most of your cryptoStart earning up to 14% interest, paid daily. Keep full access to your assets while they grow in your Savings Wallet. 🚀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 $3.27 trillion, with a 24-hour volume of $99.44 billion. The price of Bitcoin is $104,220.80, and BTC market dominance is 63.4%. The price of Ethereum is $2,538.36, and ETH market dominance is 9.4%. The best-performing sector is Bitcoin Ecosystem, which gained 8%. The Crypto Fear & Greed Index is currently Greed (64). 📰 Top News
US government has now lost $21 billion selling seized Bitcoin we once fought to freezeBitcoiners once wanted to freeze gov coins, now they cheer hoarding seized assets. IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin miningThe IMF is concerned about the impact of Pakistan powering Bitcoin mines and AI data centres amid electricity shortages. Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagreesPaul Krugman believes that the ‘only economic reason’ to use stablecoins is that they ‘facilitate criminal activity.’ 🗞️ More News
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