Crypto Weekly Roundup: BlackRock Shifts Focus To ETH, Trump Crypto Chaos, & More
The post Crypto Weekly Roundup: BlackRock Shifts Focus To ETH, Trump Crypto Mayhem, & More appeared on BitcoinEthereumNews.com. BlackRock made headlines this week by unloading $561 million in Bitcoin to increase its Ethereum holdings, while the U.S. deepened crypto ties with El Salvador and X partnered with Polymarket for on-chain prediction markets. Bitcoin The United States could be moving to deepen its engagement with El Salvador’s crypto management, as Bo Hines, executive director of the White House’s Presidential Council of Advisers for Digital Assets, met with Salvadoran President Nayib Bukele this week. A disagreement has broken out between different Trump-affiliated crypto endeavors after a website claiming to represent an official Trump crypto wallet surfaced online, triggering public denials from the President’s family.
BlackRock made headlines today by unloading $561 million in Bitcoin to increase its Ethereum holdings, while the U.S. deepened crypto ties with El Salvador and X partnered with Polymarket for on-chain prediction markets. On the other hand, a Trump crypto wallet controversy stirred infighting, and a Bitcoin-linked political scandal toppled the Czech Republic’s justice minister. Let’s find out more. Bitcoin The United States could be moving to deepen its engagement with El Salvador’s crypto management, as Bo Hines, executive director of the White Home’s Presidential Council of Advisers for Digital Assets, met Salvadoran President Nayib Bukele today. Read more…
The largest U.S. Treasury buyback in history has accompanied a $10 billion purchase, resulting in Bitcoin spiking almost $3,000 so far on Friday. Ethereum The Ethereum Structure has announced a revised treasury management policy targeted at enhancing financial stability and securing environment funding in the face of crypto market volatility. BlackRock has liquidated $561 million in Bitcoin while acquiring $69 million worth of Ethereum, signaling a strategic institutional pivot in the midst of shifting crypto market dynamics. Organization Social media platform X, previously Twitter, has officially partnered with Polymarket, a decentralized cryptocurrency prediction market, in a move aimed at blending real-time public discussion with on-chain forecasting. A conflict has broken out between several Trump-affiliated crypto endeavors after a website claiming to represent an official Trump crypto wallet appeared online, triggering public denials from the President’s family. Russia’s largest lender, Sberbank, has introduced a new financial product tying investor returns to Bitcoin’s price performance and the U.S. dollar-to-ruble exchange rate, signaling Moscow’s growing engagement with cryptocurrency markets. Hong Kong-based Reitar Logtech Holdings Ltd. has announced plans to acquire up to $1.5 billion worth of Bitcoin, marking one of the largest corporate crypto treasury allocations to date. Web3 Aurora Labs is beefing up the infrastructure side of its Cloud Console by debuting the Aurora Cloud Console Marketplace, which enables developers to create their own Virtual Chain and integrate numerous services and tools, including identity solutions, data oracles, payments, compute, data layers, and security systems, with just a few clicks. Security Taiwanese cryptocurrency exchange BitoPro has confirmed it suffered a cyberattack resulting in the theft of approximately $11.5 million in digital assets. The breach, which occurred during a system upgrade, was publicly acknowledged after on-chain sleuths flagged a series of suspicious withdrawals from the platform. Policy The Czech Republic’s political establishment is grappling with a deepening crisis after revelations of a multimillion-dollar Bitcoin donation, linked to a convicted drug trafficker, forced the nation’s justice minister to resign and sparked calls for a no-confidence vote against Prime Minister Petr Fiala’s government.
Disclaimer: This article is provided for informational purposes only. It is not intended to be used as legal, tax, investment, financial, or other advice. Source: cryptodaily.co.uk
