No U.S. Bitcoin Reserve Yet? Trump’s Crypto Report Leaves Industry Guessing

The White House has finally released its long-awaited 163-page crypto strategy, detailing President Donald Trump’s vision for making the U.S. the “crypto capital of the world.”

While the report outlines the administration’s broader push on crypto regulation and innovation, it left a major question unanswered — what happened to Trump’s earlier promise of building a national bitcoin reserve?

For an industry that’s been eagerly watching every move from Washington, this report was more of a status update than a game-changer.

 What’s Actually in the Crypto Strategy Report?

 A Comprehensive Roadmap — With No Surprises

The new report covers everything the government is already doing:

• Regulation of stablecoins via the GENIUS Act

• Progress on broader crypto market rules through the Clarity Act

• Tax reform proposals for digital assets

• Encouragement of blockchain innovation and U.S. global competitiveness

But if you’ve been following the crypto policy scene, you’ve likely seen most of this before.

Senior officials confirmed that the document was never meant to introduce new laws, but to act as a benchmark for ongoing efforts. Still, many had hoped for deeper insights — especially about one major initiative.

 What Happened to the U.S. Bitcoin Reserve Plan?

 The Missing Piece of the Puzzle

Earlier this year, Trump floated a bold idea:
Create two national crypto reserves — one for Bitcoin (BTC) and one for other digital assets.

The idea made waves, but since then, concrete details have been scarce.
And while the new strategy report mentions the reserves, it’s buried on the very last page with just a vague summary and no new information.

 Infrastructure in Progress — But No Transparency Yet

One senior official said that the infrastructure for the reserves is “well underway”, and more updates are coming — but didn’t say when or how.

Trump adviser Bo Hines previously said the report mandated by the president’s executive order may not be made public at all. That leaves industry watchers in the dark, unsure if the reserve idea is still active policy or just political messaging.

 Why the Bitcoin Reserve Still Matters

The crypto industry cares deeply about this initiative for two big reasons:

1. Legitimacy — A national Bitcoin reserve could signal that the U.S. sees BTC as a strategic asset, like gold.

2. Market Impact — Even talk of a government crypto fund can influence investor confidence and global perception.

But early disappointment set in when it was revealed that the reserve might be built only with seized crypto assets from criminal cases — a slow and unpredictable source. There’s also talk of finding alternative funding methods, but nothing concrete.

Lawmakers like Senator Cynthia Lummis have proposed legislation like the BITCOIN Act to move the process forward, but it hasn’t gained traction yet.

 What the Report Does Say — Key Highlights

 A Push for Immediate Regulatory Action

The report calls on the SEC and CFTC to start regulating the digital asset market now, using existing powers — even before Congress finalizes its larger crypto legislation.

• SEC Chairman Paul Atkins confirmed the agency is preparing new rules using current laws.

• The CFTC still lacks a permanent chair under Trump, but may act soon.

This means the regulatory landscape could evolve faster than expected — even without new laws.

 Tax Reforms in Focus

The strategy also touches on crypto tax changes being pushed by Senator Lummis, who leads the Senate subcommittee on digital assets.

Some key proposals:

• Setting minimum transaction thresholds for capital gains taxes

• Redefining how and when crypto rewards like staking gains are taxed

• Making tax compliance easier for everyday users

These updates would lower tax burdens and encourage broader participation in the digital asset economy.

Industry Reacts: Progress, But Not the Full Picture

Despite the missing reserve details, the crypto industry welcomed the report as a positive step.

Ji Kim, CEO of the Crypto Council for Innovation, praised the document for offering “a constructive path forward” by addressing:

• Decentralization

• Market structure

• Global competitiveness

• Tax reform

• Regulatory clarity

Still, many believe that true leadership in the global digital economy will require more than policy summaries — it will need clear, bold action.

 A Promising Vision, But Still a Work in Progress

Trump’s administration is clearly more engaged with crypto than his predecessor’s, and this report confirms that digital assets are a serious part of the national agenda.

But for all its pages and promises, the crypto strategy leaves a key question wide open:

Where is the U.S. Bitcoin reserve — and will it ever happen?

Until the White House reveals more, the industry remains in wait-and-see mode.

For now, the new report is a call to action, not a final answer.

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Forget Bitcoin: Stablecoins Are the Real Profit Driver for Coinbase

How Stablecoins Like USDC Are Fueling Coinbase’s Growth and Global Expansion

Stablecoins are becoming the backbone of Coinbase’s long-term strategy. As volatility in crypto markets continues, Coinbase is shifting focus from transaction-based income to more stable, service-driven revenue—and USD Coin (USDC) is leading the charge.

In 2025, Coinbase Global Inc. (NASDAQ: COIN) isn’t just a crypto trading platform—it’s a growing fintech powerhouse using stablecoins to push into global payments, DeFi, and institutional finance. Here’s how it’s happening.

What Are Stablecoins and Why Do They Matter?

Stablecoins are cryptocurrencies pegged to stable assets, typically the U.S. dollar. Unlike Bitcoin or Ethereum, they don’t swing wildly in price. This stability makes them ideal for payments, savings, and settlements.

USDC, the second-largest stablecoin by market cap, is issued by Circle but heavily promoted and integrated by Coinbase. Together, they form a powerful duo in shaping the future of digital dollars.

 How USDC Boosts Coinbase’s Revenue Mix

 Stable Yields in a Volatile World

One of the biggest perks of USDC is the interest income generated from its reserves. When users hold USDC, Coinbase earns yield from the underlying cash or Treasury securities backing those tokens.

In today’s high interest rate environment, that yield is substantial—and far more reliable than crypto trading fees, which rise and fall with market hype.

 Subscription and Services Revenue Rising

Coinbase has been clear about its mission to diversify beyond trading, and USDC plays a central role. The company’s subscription and services revenues are up, with USDC-linked products contributing significantly.

Services like:

• Coinbase Payments (for global money transfers)

• Base, Coinbase’s Ethereum Layer-2 network

• Institutional settlement and collateral tools

…are all powered by USDC, making it a key part of Coinbase’s infrastructure.

 Global Reach: USDC Expands Coinbase’s International Ambitions

Stablecoins are particularly valuable in emerging markets, where local currencies can be unstable and expensive to convert. USDC offers a dollar-denominated digital asset that’s easy to send, spend, and save.

Through Coinbase’s tools, users in Latin America, Africa, and Southeast Asia can access the global economy with stablecoins, bypassing unreliable banking systems.

This positions Coinbase as a bridge between traditional finance and decentralized global access, especially in markets underserved by banks.

 Institutional Adoption: Stablecoins Go Mainstream

Coinbase isn’t just targeting individuals. Large financial institutions are starting to use USDC for:

• Collateral in DeFi protocols

• Settlement of digital asset trades

• Cross-border payments and payroll

This embeds Coinbase further into institutional finance. By promoting regulated, transparent stablecoins, Coinbase appeals to both crypto-native and traditional finance players.

 Coinbase vs. The Competition: Where It Stands

Coinbase is not the only firm betting big on stablecoins:

 Circle (USDC Issuer)

• Earns revenue from interest on USDC reserves

• Expanding into payments, DeFi, and global finance

• Building reputation as infrastructure provider for digital money

 BlackRock (Yes, Really)

• Partners with Circle to manage USDC reserves

• Gaining exposure to stablecoin markets

• Using blockchain to modernize traditional finance via tokenization and real-time settlements

This shows that stablecoins are no longer a niche tool—they’re becoming financial infrastructure.

 COIN’s Stock Performance: A Mixed Picture

 Strong Price Gains in 2025

As of now, Coinbase stock (COIN) is up 50.8% year to date, beating most of the broader crypto and tech sectors. Investors are bullish on its stablecoin strategy and broader ecosystem expansion.

 Valuation Concerns

But there’s a catch: COIN’s price-to-earnings ratio is 67.49, well above the industry average of 22.12. According to Zacks Investment Research, this earns it a “Value Score: F”—suggesting it may be overpriced based on current earnings.

 Earnings Estimates Falling

Despite revenue growth, analyst estimates for Coinbase’s earnings are falling:

• Q2 2025 EPS: down 3.5% in 30 days

• Q3 2025 EPS: down 12.3%

• Full-year 2025: down 18.3%

• Full-year 2026: down 6.3%

This signals concern about rising expenses or margin pressure, even as revenue trends upward.

 What’s the Outlook for 2025 and 2026?

Coinbase’s 2025 and 2026 revenues are expected to grow year-over-year, even as near-term earnings dip. The Zacks consensus suggests short-term volatility, but potential longer-term gains as the company’s stablecoin and DeFi strategy matures.

Coinbase currently holds a Zacks Rank #3 (Hold). That means analysts are cautious—waiting to see how its strategy plays out in a competitive and regulated market.

 Are Stablecoins Coinbase’s Future?

Coinbase’s focus on stablecoins is not just a side bet—it’s central to its future. USDC gives the company:

• Steady income from reserves

• Broader reach in international markets

• Deeper integration into finance and DeFi

• Positioning in regulatory-friendly digital assets

While short-term earnings may fluctuate, stablecoins could provide the consistency and global relevance Coinbase needs to scale.

As regulation catches up and more of the world looks for dollar-backed digital money, Coinbase could be one of the few platforms already fully ready—thanks to its early push into stablecoins.

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Should You Buy Bitcoin Now? Experts Predict Up to $250,000 in 2025

Bitcoin Price Predictions for 2025: Boom or Bubble?

Bitcoin (BTC) has already had an explosive start to 2025 — jumping from under $100,000 in late 2024 to around $120,000 today. But is this just the beginning?

A new report from UK fintech firm Finder has gathered insights from 24 crypto industry experts, and their verdict is clear: Bitcoin could still climb much higher this year. But how high? And is a crash also possible?

Let’s break down the forecast, what’s driving the surge, and whether it’s still a good time to invest.

 How High Will Bitcoin Go in 2025

According to Finder’s panel of crypto specialists:

• Average peak price in 2025: $162,353 (€139,148)

• Expected year-end price: $145,167 (€124,418)

• Highest bullish prediction: $250,000

• Average lowest price forecast: $87,618

• Most bearish prediction: $70,000

This wide range shows that while optimism is high, volatility and uncertainty remain key features of the Bitcoin market.

 Why Are Experts So Bullish on Bitcoin

1. Favorable Crypto Regulations

Przemysław Kral, CEO of crypto exchange Zondacrypto, says the rally is driven by more supportive government policies, especially in Europe.

A major game-changer has been the EU’s Markets in Crypto-Assets (MiCA) regulation. MiCA sets consistent crypto rules across all 27 EU countries, making it easier for businesses and investors to operate across borders without legal confusion.

This increased regulatory clarity has boosted investor confidence.

2. Rise of Bitcoin ETFs

One of the biggest breakthroughs came in 2024, when Bitcoin ETFs (exchange-traded funds) were finally approved in the United States.

These ETFs allow regular investors to get exposure to Bitcoin without having to buy, store, or manage it directly. Since then, demand has surged from institutional investors like banks, hedge funds, and pension managers.

This has poured billions of dollars into the market, helping push Bitcoin’s price higher.

3. Increased Utility

More businesses are starting to accept Bitcoin for payments, which increases its use in the real economy. Combined with improving transaction technology and scaling solutions, Bitcoin is becoming more practical than ever.

This real-world usage is helping reduce volatility and boost long-term value.

 Is Bitcoin in a Bubble

Despite all the optimism, some experts warn that Bitcoin’s rapid growth could lead to a short-term correction.

Remember:

• Some experts predict a possible dip to $70,000

• Volatility remains a big concern in the crypto space

• If interest rates rise again or ETF demand cools off, prices could slip

However, most analysts agree that any short-term drops would likely be temporary — especially if global adoption continues to rise.

 What Does This Mean for Investors

If you’re already holding Bitcoin, 2025 could be a very profitable year.

If you’re thinking of investing, you may be wondering: “Is it too late?”

Here’s what you need to consider:

Pros:

• Strong momentum and bullish predictions

• Institutional backing is growing

• Better regulation reduces risk

• Bitcoin ETFs make investing easier than ever

Cons:

• Price could still crash in the short term

• Regulatory surprises (like tax changes) are always possible

• Bitcoin remains volatile and speculative

If you invest now, experts suggest holding long-term and being ready for short-term swings.

 What Role Does Regulation Play

The MiCA framework in the EU is especially significant. It brings crypto under a clear legal structure for:

• Licensing crypto exchanges

• Consumer protections

• Stablecoin issuance

• Market transparency

This has made Europe one of the most crypto-friendly regions in the world, and it may inspire similar moves in the U.S. and Asia.

Stronger regulations are also helping clean up the crypto space by pushing out scam projects and unstable coins, creating a safer environment for serious investors.

 Could Bitcoin Crash Again

While the current outlook is positive, there’s always a risk.

Here are some red flags to watch:

• Economic downturns or recessions

• New government crackdowns or anti-crypto laws

• Scandals or hacks involving major exchanges

• Overheated speculation leading to a price bubble

That’s why many financial advisors recommend putting only a small percentage of your portfolio into crypto — typically no more than 5-10%.

 Should You Buy Bitcoin in 2025

The crypto market is heating up fast — and Bitcoin is once again the leader of the pack.

According to expert predictions, Bitcoin could soar to $162,000 or more in 2025, with the most bullish forecasts going as high as $250,000.

The combination of:

• Regulatory progress (like MiCA)

• Institutional investment (via ETFs)

• Wider adoption and payment use

…has created one of the most bullish environments for Bitcoin in years.

Still, it’s not without risk. Volatility, unexpected regulation, and global economic shifts could all throw a wrench in the works.

But one thing is certain: Bitcoin is back in the spotlight — and it’s not slowing down anytime soon.

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Crypto Investors, Get Ready — New Laws Could Finally Clear the Confusion

Crypto May Finally Get the Clarity It Needs

For years, the crypto world has lived in a gray zone when it comes to U.S. law. Conflicting rules, unclear definitions, and power struggles between agencies like the SEC and CFTC have made it difficult for investors and businesses to know where they stand.

Now, that may be about to change.

In a recent interview on Bloomberg Crypto, Rep. Bryan Steil (Republican, Wisconsin) said that new legislation is coming soon — and he’s confident it will pass the U.S. House of Representatives.

These new bills could bring much-needed regulatory clarity to the fast-moving crypto industry.

What Steil Said: Legislation Is Ready and Will Pass the House

In his interview with Bloomberg’s Sonali Basak and Tim Stenovec, Steil explained that multiple crypto bills are already in motion. While he didn’t give exact timelines, he stated:

“We have a number of bills that we believe are ready for passage in the House… I believe they will pass.”

That’s a big deal — because passing crypto laws in the House could be the first real step toward a coherent national framework for digital assets.

Why This Legislation Matters

1. End the Confusion Between SEC and CFTC

Right now, there’s a major tug-of-war between U.S. regulators:

• The Securities and Exchange Commission (SEC) wants to treat most crypto tokens like stocks (securities).

• The Commodity Futures Trading Commission (CFTC) views some of them as commodities.

This disagreement leaves crypto companies and investors stuck in legal limbo. New legislation would clearly define which agency regulates what, bringing stability to the market.

2. Protect Retail Investors

Steil emphasized that investor protection is a key reason to pass new crypto laws. Without clear rules, many retail investors get exposed to scams, rug pulls, and misleading offers.

New regulations could:

• Require disclosures for crypto projects

• Establish consumer protections

• Prevent conflicts of interest on crypto platforms

3. Encourage Innovation in the U.S.

One of the biggest concerns is that unclear rules are pushing crypto innovation overseas. Companies are setting up in countries with friendlier regulations because they don’t want to risk lawsuits in the U.S.

Steil believes that clarity equals confidence, and that passing crypto legislation will help keep crypto businesses and jobs in America.

What Might the New Crypto Laws Include

While the final details haven’t been released, lawmakers have been debating a few common themes:

H3: Clear Definitions of Digital Assets

One of the biggest problems is that U.S. law still doesn’t have a clear legal definition of cryptocurrencies, tokens, and stablecoins. Expect these bills to fix that.

H3: Stablecoin Regulation

Stablecoins like USDT and USDC are widely used, but poorly regulated. New laws could:

• Require full reserves backing every coin

• Force issuers to register with U.S. regulators

• Set transparency and auditing standards

H3: Crypto Exchange Rules

Centralized exchanges like Coinbase and Binance could soon face new rules for:

• Licensing and registration

• Custody and fund security

• Auditing and reporting

• Preventing insider trading

Conflict of Interest: A Hidden Problem in Crypto

Rep. Steil also touched on the conflicts of interest that often exist in the crypto space — especially on platforms that act as both exchange and issuer.

He noted that in traditional finance, these roles are kept separate to avoid manipulation or unfair advantage. He suggests that similar rules may be needed in crypto to ensure a fair market.

Will These Crypto Bills Become Law

Steil Says House Support Is Strong

Steil sounded confident that the bills will clear the House — where Republicans currently hold a majority. That gives them an edge in pushing forward crypto-friendly legislation.

The Senate Could Be the Bigger Challenge

Even if the bills pass the House, they still need approval from the Senate, where opinions on crypto are more divided. Some senators, like Elizabeth Warren, are deeply skeptical of the industry.

But the momentum is building. As crypto becomes more mainstream, both sides of the aisle may be forced to act.

Why Now ? Timing Is Everything

The push for crypto laws comes after several high-profile crypto collapses:

• FTX and Sam Bankman-Fried’s fraud case

• Luna/UST stablecoin crash

• Celsius and Voyager bankruptcies

These incidents hurt investors and revealed major gaps in regulation. Lawmakers now see that the longer they wait, the more consumers are at risk.

 Clarity Could Unlock the Next Crypto Boom

The crypto world has long begged for clarity — and according to Rep. Bryan Steil, it may finally be on the way. With new laws expected to pass the House, the U.S. could be on the verge of defining how crypto is regulated for the long term.

If done right, this legislation could:

• Protect investors

• Boost innovation

• Help America lead in blockchain tech

But there’s still a road ahead. The Senate must also act — and investors will be watching closely.

Stay tuned — because the future of crypto in the U.S. may be decided sooner than you think.

The post Crypto Investors, Get Ready — New Laws Could Finally Clear the Confusion appeared first on Asia Crypto Times.

Bitcoin Hits Record High Amid Trump’s New Policies and Dollar Drop

Bitcoin Soars Past $120,000 — What’s Fueling the 2025 Crypto Surge?

Bitcoin hit a new record early Monday, climbing above $120,000 per coin for the first time. This explosive rally continues a weeks-long surge powered by a mix of political momentum in Washington D.C., concerns over the weakening U.S. dollar, and booming investor interest.

Despite some midday selling pressure — dropping from $122,500 to $119,700 by 3:30 p.m. ET — bitcoin remains one of the top-performing assets of 2025.

Let’s break down why bitcoin is booming, what’s happening in D.C., and where the world’s most talked-about cryptocurrency might be heading next.

 Bitcoin Is Beating Almost Everything in 2025

Year-to-Date Gains Show Strength

So far in 2025, bitcoin is up 25.9%, making it one of the year’s best-performing major assets. Only gold, up 27.7%, has done better.

For comparison:

• The Nasdaq 100 has gained 8.7%

• The S&P 500 is up 7%

Bitcoin’s performance shows it’s acting like a high-growth tech stock, but with even more momentum.

 Bitcoin’s Total Value Hits $2.4 Trillion

As of Monday morning, the nearly 20 million bitcoins in circulation are worth a combined $2.4 trillion — now the fifth most valuable asset class in the world.

That means bitcoin is now more valuable than Amazon, and it’s closing in on Apple, which sits at a $3.1 trillion valuation.

 What’s Driving the Bitcoin Boom

1. Crypto-Friendly Moves in Washington D.C.

This week, the GOP-led House of Representatives has declared it “Crypto Week,” taking up three bills aimed at regulating digital assets. The most talked-about is the GENIUS Act, which would make it easier for companies to issue their own digital tokens.

While Democrats are skeptical, especially due to former President Donald Trump’s personal crypto gains, the overall tone in D.C. has shifted toward more crypto acceptance.

This political backing is fueling investor confidence — and bitcoin’s rise.

“These bills would make Congress complicit in Trump’s unprecedented crypto scam,” said Rep. Maxine Waters, a Democrat from California.

2. Trump’s Trade Pause and Tax Cuts

Another big driver? Trump’s partial pause on his trade war and the passage of his tax cut and spending bill.

While the bill reduces taxes, it also increases U.S. debt, making riskier assets like bitcoin more appealing — especially if investors expect more inflation ahead.

3. The Falling U.S. Dollar

The declining value of the U.S. dollar relative to other currencies is also making bitcoin more attractive to global investors. As fears grow that the dollar could lose its status as the world’s reserve currency, many are hedging with bitcoin.

 Big Finance Is Getting In On Bitcoin

Wall Street is taking crypto more seriously than ever.

Major financial institutions are increasing their exposure to crypto, thanks in part to proposed legislation in Congress. As more regulations become clear, big banks and investment firms are feeling more comfortable putting money into bitcoin and other digital assets.

This surge in institutional adoption is adding even more fuel to the crypto rally.

 Bitcoin Still Volatile — Should You Be Worried

Even as bitcoin rises, it remains highly volatile. Monday’s drop from $122,500 to $119,700 — nearly a 2% decline in a few hours — is a reminder that bitcoin’s price can swing sharply.

But those wild swings haven’t scared off investors in 2025. If anything, they’ve made bitcoin even more attractive as a high-risk, high-reward asset in a year of political and economic uncertainty.

 How High Can Bitcoin Go in 2025

There’s a fierce debate on whether bitcoin can keep climbing this year. Its future depends heavily on global interest rates and inflation trends.

When interest rates are low, money tends to flow into riskier assets like bitcoin. That’s what we’ve seen recently.

But if central banks start raising rates again to fight inflation — especially in the U.S., Europe, and Japan — that could act as a headwind for bitcoin.

“The risk that central banks shift focus back to the risks of re-accelerating inflation may develop into a potential headwind for bitcoin,” said Matthew Weller, global head of research at FOREX.com.

 Trump’s Bitcoin Gains Raise Eyebrows

Adding a political twist, Bloomberg reports that Trump’s recent crypto-linked net worth boost amounts to about $620 million. That figure has stirred debate, especially among Democrats who accuse the GOP of pushing crypto laws that personally benefit Trump.

Whether this leads to more scrutiny or increased regulation remains to be seen. But for now, Trump’s influence on the crypto world is undeniable — and bitcoin’s price is reflecting that.

 Crypto’s Future Still Hinges on Policy

While investor enthusiasm is high, bitcoin’s long-term path depends on what happens in Washington and central banks around the world.

If the U.S. adopts a clear, crypto-friendly regulatory framework, bitcoin could see even more institutional investment. But if inflation returns or regulation turns hostile, the digital currency could face new challenges.

For now, though, bitcoin is flying high — and it shows no signs of slowing down.

The post Bitcoin Hits Record High Amid Trump’s New Policies and Dollar Drop appeared first on Asia Crypto Times.

Crypto Explodes: Bitcoin Hits New High as Wall Street Rushes In

Bitcoin Breaks $120K Barrier – A New All-Time High

Bitcoin has officially broken through the $120,000 mark, reaching a record high of $121,344 in early trading hours Monday. The world’s largest cryptocurrency is now up 30% since December and more than 100% over the past year, marking an impressive comeback after months of sideways movement.

This breakout follows a long period of consolidation near $100,000, where Bitcoin traded in a tight range, leaving many investors wondering whether the rally had run out of steam.

But now? The bulls are clearly back in control.

 What’s Driving Bitcoin’s Latest Rally

Several powerful factors are pushing Bitcoin higher in a more sustained and less volatile way than previous bull runs. Let’s break down what’s fueling the momentum.

Trump’s Second Term and a Pro-Crypto Agenda

Bitcoin got a boost after Donald Trump won re-election, with many seeing his administration as supportive of digital assets. Trump has publicly declared himself the “crypto president” and is calling for clearer, more favorable regulations in the U.S.

Strong ETF Demand from Institutional Investors

Big money is pouring in. The recent launch and massive inflows into spot Bitcoin and Ethereum ETFs have attracted a wave of institutional interest.

According to George Mandres, a senior trader at XBTO Trading, this is a sign that Bitcoin is being taken seriously as a macro hedge and store of value, not just a speculative asset.

“A surge in risk-on sentiment across equities, coupled with significant institutional inflows, has fueled this steady ascent, notably absent the sharp volatility of previous bull runs,” said Mandres.

Short Squeeze Adds Fuel

A huge short squeeze also played a role. Traders betting against Bitcoin were caught off guard by the rally. Over $1 billion in short positions were liquidated, according to data from Coinglass, causing a rapid price spike as bearish bets were wiped out.

Risk-On Environment and Monetary Policy

With U.S. stocks back near record highs and expectations of further monetary easing, investors are becoming more risk-tolerant. That’s helping drive up demand for assets like Bitcoin, especially as a hedge against inflation and currency debasement.

 What’s Happening in Washington: “Crypto Week” in Congress

Adding to the excitement is what’s being called “Crypto Week” in Washington, D.C.

A key U.S. Congressional committee is debating landmark crypto legislation this week that could shape the future of the industry. Investors are hopeful this will bring long-awaited regulatory clarity that could pave the way for broader adoption.

 Ethereum, Solana, and Other Tokens Ride the Wave

Bitcoin’s rise has lifted the entire crypto market.

Ethereum (ETH)

• Up 1.5% to trade above $3,030

• Reached its highest level in over five months

Solana (SOL) and XRP

• Both up around 2.7%

• Riding the momentum alongside Bitcoin and Ethereum

The total crypto market cap has now surged to nearly $3.8 trillion, according to CoinMarketCap, placing it among the world’s largest financial ecosystems.

 What’s Next for Bitcoin? $125K is the Real Test

While Bitcoin has broken past $120K, some analysts believe the next key level is $125,000.

“Bitcoin’s cleared $120,000, but the real test is $125,000,” said Rachael Lucas, a crypto analyst at BTC Markets. She added, “Support at $112,000 is strong, and any dip looks more like a buying opportunity than a trend reversal.”

There may be some short-term profit-taking, but overall, the momentum appears strong—fueled by continued ETF demand, policy tailwinds, and risk appetite.

 Are There Risks? Not Everyone Is Convinced

Despite the bullish mood, not all analysts are convinced this is a macro-driven rally.

“In my view, this isn’t a macro-driven rally, but rather an isolated event,” said Nicolai Sondergaard of Nansen. “That said, recent U.S. policy moves like fiscal expansion and easier monetary expectations are undeniably favorable for Bitcoin.”

In short, even skeptics acknowledge that the current economic and political environment favors crypto, even if they remain cautious about the pace and sustainability of the rally.

 Bitcoin Is Growing Up

Bitcoin’s break above $120,000 represents more than just a number. It signals a maturing financial asset that is gaining institutional trust and policy relevance.

From politics and ETFs to global risk sentiment, Bitcoin is now deeply woven into the fabric of modern finance.

Whether you’re an investor, a trader, or just watching from the sidelines, one thing is clear:

The post Crypto Explodes: Bitcoin Hits New High as Wall Street Rushes In appeared first on Asia Crypto Times.

Bitcoin Hits $120,000: Is This the Beginning of the Next Crypto Supercycle?

Bitcoin Hits a Historic High – Breaks the $120,000 Barrier

Bitcoin just reached a new all-time high, crossing the $120,000 mark for the first time ever. In the early hours of Monday’s Asian trading session, the world’s largest cryptocurrency hit a record-breaking $121,207.55. As of the latest update, it’s trading at around $120,856.34, up 1.5% on the day and 29% so far this year.

This incredible surge has reignited excitement across the crypto market and sparked a domino effect, lifting prices of other major digital assets like Ethereum and Solana.

 Why Is Bitcoin Skyrocketing? U.S. Crypto Policy in the Spotlight

The big driver behind Bitcoin’s rally isn’t just market momentum—it’s politics. The U.S. House of Representatives is starting debates this week on key crypto-friendly legislation that could finally deliver the regulatory clarity the industry has been demanding for years.

What’s even more surprising? Former President Donald Trump is throwing his full support behind crypto, calling himself the “crypto president.” He has urged lawmakers to modernize digital asset regulations and promote innovation in the space.

This shift in the political landscape has given investors a fresh wave of confidence, pushing crypto prices to new highs.

 Ethereum and Other Cryptos Join the Rally

Bitcoin’s rise has supercharged the entire crypto ecosystem.

Ethereum (ETH) Reaches 5-Month High

• Ethereum, the second-largest cryptocurrency, surged to $3,048.23, its highest price in over five months.

• ETH last traded around $3,036.24, also posting strong gains alongside Bitcoin.

Total Crypto Market Value Soars

• The overall crypto market is now worth an estimated $3.78 trillion, according to CoinMarketCap.

• This places it on par with some of the world’s largest economies by market value.

 What’s Driving the Crypto Market Boom

Several key factors are fueling this historic rally:

1. Regulatory Optimism

Investors are betting that clearer and more favorable regulations will finally bring legitimacy and institutional adoption to the crypto world.

2. Trump’s Pro-Crypto Stance

Donald Trump’s open support for the crypto industry is seen as a major tailwind. By branding himself as the “crypto president,” he’s signaling a shift in how digital assets are viewed in U.S. politics.

3. Institutional Investment

More hedge funds, asset managers, and corporations are moving into crypto, treating Bitcoin like digital gold.

4. FOMO and Retail Interest

Retail investors are jumping back into the market, driven by fear of missing out (FOMO) as Bitcoin hits record highs and the news makes headlines globally.

5. Hedge Against Inflation and Tariffs

In a year marked by economic uncertainty and chaotic tariffs, crypto is increasingly seen as a safe-haven asset.

 What’s Next for Bitcoin and the Crypto Market

With Bitcoin now trading above $120,000, analysts and traders are asking: how high can it go?

Some bullish projections suggest the next big target could be $150,000 or even $200,000—especially if U.S. lawmakers pass legislation that boosts crypto adoption.

However, others are urging caution. Crypto remains highly volatile, and any sudden shift in sentiment—or a delay in regulatory reform—could trigger sharp corrections.

 A Pivotal Moment for Crypto

The crypto industry is standing at a turning point. As governments, investors, and even former U.S. presidents embrace digital currencies, the path to mass adoption seems more realistic than ever.

Bitcoin’s $120,000 milestone is more than just a number—it’s a symbol of a maturing industry, ready to take on the world stage.

Whether you’re a long-term believer or a cautious observer, one thing is clear: crypto is no longer on the sidelines. It’s now a central player in global finance.

The post Bitcoin Hits $120,000: Is This the Beginning of the Next Crypto Supercycle? appeared first on Asia Crypto Times.

Stablecoin Giant Circle Aims to Shake Up U.S. Finance with National Bank Charter

Circle’s Big Move: Why the USDC Issuer Wants to Become a National Crypto Bank

Stablecoin leader Circle Internet Group (CRCL) has taken a bold step toward reshaping the future of U.S. finance. In a major announcement, the company revealed it has applied to become a national trust bank—a move that could help it secure a larger role in the $250+ billion stablecoin market.

If approved by U.S. regulators, Circle’s new entity—First National Digital Currency Bank, N.A.—would allow the company to directly manage the reserves behind its USDC stablecoin and offer fiduciary services. But there’s a catch: it wouldn’t be allowed to take cash deposits or issue loans like a traditional bank.

Let’s break down what this means, why it matters, and how it could change crypto forever.

 What Circle’s National Bank Application Means

A step toward regulatory trust

Circle has formally filed with the Office of the Comptroller of the Currency (OCC)—the top banking regulator in the U.S.—to operate as a national trust bank. This kind of charter would give Circle more control over how it manages and protects the funds backing its popular stablecoin, USDC (USD Coin).

In simple terms: this move could give Circle more freedom, more responsibility, and much more trust with regulators and Wall Street.

What this bank can and can’t do

Circle’s planned trust bank won’t function exactly like JPMorgan or Wells Fargo. It will not:

• Accept customer deposits like savings or checking accounts

• Lend money or offer loans

Instead, it will:

• Custody and manage the reserve assets behind USDC

• Offer fiduciary services (like managing digital assets on behalf of others)

According to Circle CEO Jeremy Allaire, the move “marks a significant milestone” in building a transparent and efficient internet-based financial system.

 Why Circle Wants to Be a Bank Now

Riding high after IPO success

Circle’s application comes just weeks after its blockbuster IPO on June 5, 2025, where shares were launched at $31. The stock has since exploded by 470%, closing at $192.53 before dipping slightly in overnight trading.

Wall Street is paying attention—and so is Washington.

Legislation is around the corner

The timing isn’t random. U.S. lawmakers are expected to pass the country’s first stablecoin legislation later this year, and Circle wants to be ahead of the curve.

The proposed GENIUS Act would:

• Require stablecoin issuers to hold reserves in cash or U.S. Treasuries

• Put large issuers under OCC oversight

• Create clear rules for banks and fintechs to issue stablecoins

Getting a national bank charter now puts Circle in the perfect position to benefit from these upcoming rules—and opens the door for expansion.

 Only One Other Crypto Bank Exists—So Far

At the moment, Anchorage Digital is the only crypto-native firm with a similar trust bank license. Circle joining that list could give the stablecoin issuer a serious edge over rivals like Tether or newer decentralized finance (DeFi) platforms.

Currently, Circle’s reserves are:

• Custodied by: Bank of New York Mellon

• Managed by: BlackRock

Becoming its own bank could mean lower costs, more control, and faster services for Circle’s customers and partners.

 Circle’s Stablecoin Ambitions Are Global

Circle is best known for USDC, the second-largest stablecoin in the world. Unlike Bitcoin or Ethereum, stablecoins are designed to keep a stable value—usually pegged to the U.S. dollar.

This makes them perfect for:

• Cross-border payments

• Settling digital trades

• Providing safety during crypto market dips

Analysts see stablecoins as one of the most promising sectors in crypto—and Circle is leading the charge.

 The Market Is Massive—and Growing Fast

Stablecoins aren’t just a crypto curiosity anymore. They’re attracting big interest from:

• Wall Street giants: JPMorgan, Bank of America

• Credit card leaders: Visa, Mastercard

• Big Tech: Apple, Amazon, Google

• Fintech apps: PayPal, Robinhood

The global stablecoin market is currently worth $253 billion, and growing fast. Some forecasts say it could hit:

• $2 trillion by 2028 (U.S. Treasury estimate)

• $4 trillion in the next decade (Bernstein Research)

Bernstein’s analyst Gautam Chhugani even called Circle a “must-hold” stock for investors who want exposure to the future of digital finance.

 What the GENIUS and Clarity Acts Could Mean

There are two major U.S. bills in the works that could shape the future of crypto and stablecoins:

1. GENIUS Act (Stablecoin law)

• Sets reserve standards (cash or Treasuries only)

• Brings stablecoin issuers under federal regulation

• Ensures consumer protection and systemic stability

2. Clarity Act (Broader crypto law)

• Would authorize tokenization of real-world assets

• Opens doors for blockchain versions of stocks, bonds, and bank deposits

• Provides legal frameworks for DeFi, crypto trading, and more

If passed, these bills would place Circle—and its stablecoin USDC—at the heart of the new regulated crypto economy.

 Politics, Trump, and Crypto’s Big Year

President Donald Trump has promised to make the U.S. the “crypto capital of the world,” and industry insiders say the environment has become much friendlier under his leadership.

Circle’s move to become a bank is a reflection of this changing mood. For the first time, crypto firms are not being pushed out—they’re being invited in.

 Circle Is Building the Future of Money

Circle’s application to become a national trust bank is more than just paperwork—it’s a signal that crypto is going mainstream in a big way.

By taking on more responsibility, aligning with regulators, and planning for a trillion-dollar market, Circle is betting on long-term trust and transparency over short-term hype.

And if things go according to plan, Circle may soon become the first truly crypto-native institution with real banking power in the U.S.—right as stablecoins prepare to reshape global finance.

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Crypto Users Cheer Possible Tax Break in Biden’s Big Spending Bill

Tax-Free Bitcoin? Build Back Better Bill May Remove Taxes on Small Crypto Payments

A Big Win for Everyday Crypto Users Could Be Coming Soon

A major change in U.S. crypto taxation could be on the way — and it might make your small Bitcoin purchases completely tax-free. As the U.S. Senate prepares to vote on amendments to President Joe Biden’s Build Back Better bill, one hot-button issue is gaining momentum: exempting small cryptocurrency transactions under $600 from taxes.

This move, backed by crypto advocates and lawmakers alike, could open the door for more everyday use of digital currencies like Bitcoin, Ethereum, and stablecoins — without the burden of complex tax filings for every small purchase.

What Is the Build Back Better Act

The Build Back Better Act was originally introduced during the 117th Congress as a sweeping plan focused on social spending, climate change, healthcare, education, and family support. But buried within the bill are also important updates to crypto tax rules.

While the broader bill supports Biden’s economic vision, it’s the crypto provisions that are suddenly getting attention from both investors and the average American who dabbles in digital currencies.

The Big Crypto Tax Change on the Table

What’s Being Proposed

Lawmakers and crypto advocates are pushing for a tax exemption on cryptocurrency transactions under $600. This means if you use Bitcoin or another digital asset to buy a cup of coffee, concert ticket, or groceries — you wouldn’t have to report the transaction to the IRS.

Under current rules, even small crypto purchases are technically taxable events. Every time you use crypto, you may trigger a capital gains tax based on the change in the asset’s value since you acquired it.

This has discouraged people from using crypto for day-to-day spending — the kind of use that helps digital currencies go mainstream.

Who’s Supporting It

Crypto influencers and industry voices are urging lawmakers to act fast. On X (formerly Twitter), Ben Pham, a known crypto policy advocate, posted:

“Buying things under $600 with Bitcoin should be tax-free. Let’s make it happen!”

He was responding to David Bailey, CEO of Bitcoin Magazine, who called on crypto users to contact their senators ahead of the vote. Bailey hinted that a crypto tax amendment could be introduced as early as Monday.

Others in the community have echoed the sentiment, arguing that crypto shouldn’t be taxed like an investment when used for small purchases.

The Inflation Debate: Is $600 Still a Fair Limit

While the proposed $600 exemption has been welcomed by many, critics are questioning whether that number is still appropriate in today’s economy. With inflation rising over the past few years, some believe the threshold should be adjusted to reflect current economic conditions.

One X user, Adam Simecka, pointed out:

“Why $600 inflationary dollars? That is not how this should be measured.”

He suggested the original $600 benchmark might be outdated — hinting that $700 or even $800 might better reflect modern purchasing power.

Still, most agree that any progress toward practical crypto tax reform is a step in the right direction.

Why This Matters: Unlocking Mainstream Crypto Adoption

If this tax exemption becomes law, it could revolutionize how Americans use crypto.

1. No More Tax Headaches for Small Buys

Right now, using crypto to buy a sandwich technically requires tracking capital gains — a huge hassle for something so small. Removing this burden could make crypto a true digital cash alternative.

2. Crypto Becomes More Practical

If spending crypto becomes as easy as swiping a debit card — with no IRS concerns — adoption will skyrocket. This would also benefit merchants and startups who want to accept digital assets without scaring off customers.

3. Signals Policy Shift in Washington

Passing this amendment would be a clear sign that U.S. lawmakers are warming up to crypto — not just as an asset class, but as a legitimate part of the everyday economy.

What Happens Next

The crypto amendment is expected to be debated as part of the Senate’s upcoming discussions on the Build Back Better bill. A vote could come within days, and depending on the political climate, the crypto provision could either pass quietly or spark a larger public debate.

If passed, the IRS would likely issue new guidelines on how to track and report (or not report) these transactions, bringing much-needed clarity to crypto taxpayers.

 A Small Change With Big Impact

While this may seem like a small tweak — exempting crypto purchases under $600 — the psychological and practical impact could be massive. It paves the way for frictionless digital payments, simplifies taxes for casual users, and shows that U.S. policy is slowly evolving to embrace the future of money.

If you’re a crypto user, this is a moment to watch closely. Whether you’re an investor, developer, or everyday buyer, the rules of the game could be about to change.

The post Crypto Users Cheer Possible Tax Break in Biden’s Big Spending Bill appeared first on Asia Crypto Times.

Coinbase Enters the Big League with Regulated U.S. Crypto Futures

Coinbase Launches U.S. Perpetual-Style Bitcoin Futures and Buys BTC Weekly

Coinbase, one of the world’s most prominent crypto exchanges, is about to shake up the U.S. crypto market. Starting July 21, 2025, the company will launch perpetual-style crypto futures contracts for American traders—something rarely seen due to strict regulations.

But that’s not all. Coinbase CEO Brian Armstrong just revealed the company is buying Bitcoin every week, signaling strong confidence in the leading cryptocurrency. This bold move aligns with Coinbase’s growing crypto treasury and long-term vision.

What Are Coinbase’s New Perpetual-Style Futures

Finally, U.S. Traders Get Access to Perpetual Futures—Legally

Perpetual futures are wildly popular in global crypto markets, allowing traders to bet on the price of assets like Bitcoin (BTC) and Ethereum (ETH) without expiry. However, these products are often based offshore and have faced regulatory resistance in the U.S.—until now.

Coinbase’s new futures will be available on its CFTC-regulated Coinbase Derivatives Exchange. Unlike offshore versions, these contracts are structured as long-dated futures with five-year expirations, but they behave like perpetual swaps thanks to their smart design.

Key Features of Coinbase’s U.S. Perpetual-Style Futures

• Assets at Launch: Bitcoin (BTC) and Ethereum (ETH)

• Expiration: 5 years (not truly perpetual but mimics it)

• Funding Mechanism: Accrues hourly and settles twice daily

• Availability: 24/7 trading

• Regulatory Oversight: Commodity Futures Trading Commission (CFTC)

• Settlement: Through a regulated clearing system

This product bridges the gap between U.S. compliance and global crypto innovation, giving institutional and retail traders a new, legally compliant way to access high-leverage crypto trading in America.

Why This Launch Matters for the U.S. Crypto Market

Perpetual Futures Dominate Globally, But U.S. Has Been Left Out

Until now, U.S.-based crypto traders were often forced to use offshore exchanges like Binance or Bybit to access perpetual futures. That came with risks—legal, regulatory, and even operational.

Coinbase’s regulated offering changes the game. It provides a trustworthy, compliant alternative within the U.S. jurisdiction, potentially attracting hedge funds, institutional players, and advanced retail traders who had stayed on the sidelines due to regulatory uncertainty.

This could also boost liquidity onshore and reduce reliance on unregulated platforms.

Coinbase Is Stacking Bitcoin Every Week

CEO Brian Armstrong Confirms Weekly Bitcoin Buys

While launching a new product is big news, Brian Armstrong added even more fuel to the fire. In a June 26 post on X (formerly Twitter), the CEO declared:

“We’re buying more bitcoin every week. Long Bitcoin.”

The comment came in response to a tweet by David Bailey, CEO of Nakamoto Holdings—a bitcoin treasury-focused firm.

Coinbase’s Corporate Bitcoin Holdings Near $1 Billion

Coinbase isn’t just talking the talk. According to its Q1 2025 earnings report, the company invested $150 million in crypto during the quarter—mostly in Bitcoin. As of now:

• Coinbase holds 9,257 BTC

• Estimated Value: Nearly $1 billion

• Ranking: One of the Top 10 publicly listed companies holding Bitcoin

This makes Coinbase a major corporate player in the BTC ecosystem, alongside companies like MicroStrategy and Tesla.

What This Means for Crypto Investors

1. More Access and Legitimacy for U.S. Traders

For years, U.S. crypto traders had limited access to advanced derivatives. Coinbase’s launch is a huge step toward mainstreaming these tools while staying fully compliant.

2. Institutional Confidence in Bitcoin Is Growing

Coinbase doubling down on its Bitcoin strategy signals that large, regulated firms still believe in the long-term value of crypto—even during market volatility. This could influence other institutions to follow suit.

3. Bitcoin May See Renewed Momentum

With a top exchange like Coinbase not only launching new trading products but also buying BTC weekly, the message is clear: Bitcoin is here to stay. This could act as a bullish signal for the market heading into the second half of 2025.

 Coinbase Is Leading the U.S. Crypto Revolution

Coinbase is playing a dual role—as both an innovator and a believer. By introducing regulated, perpetual-style futures in the U.S. and publicly accumulating Bitcoin, the company is making a strong statement about the future of crypto.

Whether you’re a trader, investor, or just watching from the sidelines, this move by Coinbase could reshape how digital assets are traded in America—legally, securely, and 24/7.

Watch July 21 closely. That’s when U.S. crypto trading may finally enter a new era.

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