Shiba Inu, the trending meme token, provided a positive market-wide return of 10 percent in 24 hours yesterday, along with the purchase of 4 trillion SHIB tokens (about $136 million) by an Ether whale.
Bitcoin Will Replace the US Dollar, Jack Dorsey Says
In response to a tweet in which rapper Cardi B was asked if crypto was going to replace the US dollar, Jack Dorsey, who recently left his role as Twitter CEO to concentrate on his other company, Square, said: "Yes, Bitcoin will."
Bank of Russia to Allow Crypto Investment via Foreign Firms
Shortly after Bank of Russia governor Elvira Nabiullina announced the Bank’s intention to prevent the local financial system from using crypto, another executive at the central bank clarified that crypto investment will remain legal in Russia.
Bloomberg Expert Explains Spot Bitcoin ETF Could Attract Billions of Dollars
Bloomberg Intelligence believes that if the Bitcoin spot exchange-traded fund is approved, the demand among investors will be much higher. He stated the reason as the reduction of costs related to the management of BTC contracts. James Seyffart from the Bloomberg Intelligence analytics team thinks that cryptocurrency spot ETFs will bring a lot more assets to this area.
Former SEC Chairman Turned a Crypto Manager Says the US Should Tokenize Its Treasuries
Former US Securities and Exchange Commission (SEC) chair Jay Clayton reckons the US should tokenize its Treasuries to make them more like crypto. In addition to this comment, Clayton also stated that the blockchain is now a "matter of national security."
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