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Crypto markets tumbled as Trump’s Bitcoin Reserve plan disappointed investors, and stocks like MSTR and COIN took double-digit losses. The OCC reaffirmed banks’ ability to hold crypto, while the SEC abandoned a strict trading system proposal. Thailand approved Tether’s USD₮ for payments, boosting stablecoin adoption. Crypto funds saw $4.75B in outflows, and firms spent $134M on the 2024 U.S. elections, raising regulatory concerns.
Reference:https://www.linkedin.com/newsletters/chain-train-7126277052151844864/
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Bitcoin plunges amid panic-selling as Trump unveils a U.S. Bitcoin reserve, disappointing investors. Pension funds explore crypto despite volatility. XRP sees 1.43B tokens traded, sparking speculation. Crypto stocks tumble as markets react to uncertainty. The OCC clarifies banks’ crypto roles, whil…
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