Scott Melker: Hoskinson accelerates Cardano DeFi with Midnight integration Traders Union
Source link ]]>
A surprise appearance by US Treasury Secretary Scott Bessent at the opening of a Bitcoin-themed bar in Washington, DC, has drawn sharp attention from both crypto supporters and cautious observers.
Related Reading
According to reports, Bessent stopped by Pubkey during its launch event, a move that many in the Bitcoin community read as a visible sign of warmer relations between parts of government and the crypto sector.
Pubkey Visit Raises Eyebrows And Cheers
Pubkey, a venue that bills itself as Bitcoin-friendly, has grown from a New York outpost into a small chain. Reports have disclosed that the New York location once hosted US President Donald Trump, who reportedly paid in Bitcoin during a previous visit.
The Washington opening, where Bessent appeared unannounced, triggered a flurry of online reaction. Some community figures called the moment historic. Others urged caution, saying public appearances do not automatically translate into policy shifts.
Had to do a second buy today using my “it was so obvious” framework.
Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say “wow, it was all so obvious”.
Stack Sats and chill. https://t.co/8uPWEqLJ9y pic.twitter.com/Dew1A4gkFZ
— Ben Werkman (@BenWerkman) November 21, 2025
Policy Signals And Concrete Talk
Based on reports, Bessent has been public about ideas that place Bitcoin on the government agenda. He has spoken about the GENIUS Act and has discussed ways the Treasury could use seized Bitcoin to seed a Strategic Bitcoin Reserve in a budget-neutral manner.
In an interview dated March 7, 2025, he suggested the Treasury was exploring options that would avoid immediate sales of seized crypto and instead look for ways to keep BTC on the books. That shift in tone is being watched closely by traders and policy watchers alike.
Community Reaction Was Fast
Ben Werkman, a crypto fund CIO, said the event felt like a “moment” for the industry. Another industry figure, Steven Lubka, called it the sign many had been waiting for.
At the same time, analysts warned about reading too much into a single photo op. One trader noted that market moves are driven by many forces, and that symbolic gestures often take time to matter for prices. Short-term traders may ignore signals like this, while longer-term holders may file them away.
What This Means For Markets And Lawmakers
If the Treasury takes steps to pause sales of seized BTC and to test ways of holding coins, the move could change how institutional players view the asset class.
But reports also remind readers that policy ideas meet legal and budget tests before they become real. Lawmakers and regulators will have to weigh the proposal. The public nature of Bessent’s visit, though, makes the discussion harder to treat as private or theoretical.
Related Reading
A Moment, Not A Promise
The image of a cabinet official mingling at a Bitcoin bar is powerful. It gives the community talking points. Yet, officials and experts say more formal steps are required before the visit becomes policy.
For now, the appearance stands as a public sign of interest, backed by statements and proposals that are still in play. Bitcoin’s supporters will note the visibility. Critics will watch for the paperwork.
Photo illustration by Slate. Photos by vvelda@ymail.com/Flickr and Wavebreakmedia/iStock/Getty Images Plus, chart from TradingView
The cryptocurrency market witnessed a downturn, with nearly $1 billion in liquidations in just 24 hours. This came after US Treasury Secretary Scott Bessent shared an update on the future of the government’s Bitcoin holdings. $1 Billion Liquidation Hits Long Traders Amid Treasury Update According to Coinglass data, total liquidations over the past day reached
The post Crypto Liquidations Close to $1B as Scott Bessent Revises US Treasury Bitcoin Stance appeared first on CoinGape.
]]>U.S. Treasury Secretary Scott Bessent confirmed the nation’s $15–$20 billion Bitcoin reserve and a halt to sales. Bitcoin hit a record $123,360 before retreating. Bessent Signals Strategic Reserve Shift as U.S. Halts Bitcoin Sales, Keeps Gold Policy Unchanged U.S. Treasury Secretary Scott Bessent has confirmed that the government’s Bitcoin reserves are valued between $15 billion
The post Breaking: U.S. Bitcoin Reserves Worth Up To $20 Billion, Scott Bessent Confirms appeared first on CoinGape.
]]>Bitcoin, Ethereum, Dogecoin Spike As Scott Bessent’s Gears Up For Trade Talks With China: Key BTC Stakeholders ‘Moving In The Right Direction’ Towards $100,000 Target, Says Analytics Firm Benzinga
Source link ]]>
BTC price approaches a new ATH of $90K today amid the ‘Trump trade’. President-elect Donald Trump’s leading pick for US Treasury Secretary Scott Bessent can trigger a Bitcoin rally towards $100K and higher. The odds of prominent investor Bessent becoming Treasury Secretary rose to 87%.
Trump to Nominate Scott Bessent As US Treasury Secretary
Scott Bessent, founder of hedge fund manager Key Square Group, will likely become the next US Treasury Secretary. The odds of Donald Trump nominating Bessent as Treasury Secretary have soared to 87% today, as per Polymarket data.
US Department of Treasury chief will be picked this week, and pro-crypto Scott Bessent is the leading candidate for the position. It’s important to note that he was the top fundraiser for Trump’s presidential campaigns. His nomination can trigger a further rally in BTC price. Donald Trump building a pro-crypto administration.
Other potential candidates for the US Treasury Secretary position are John Paulson, Robert Lighthizer, and Howard Lutnick. Recently, former Treasury Secretary Steven Mnuchin and JPMorgan CEO Jamie Dimon denied joining the Trump administration.
BTC Price to Hit $100K?
Bitcoin records a spectacular rally of over 30% since Donald Trump’s election win. It now approaches $90K amid Trump trade and BTC price can hit $100K soon if Scott Bessent is nominated as Treasury Secretary.
Bessent is very pro-crypto, particularly pro-Bitcoin. His recent statements on Bitcoin and crypto reflect a bright future for the crypto industry in the United States.
“I think everything is on the table with Bitcoin. One of the most exciting things about Bitcoin is that it brings in young people and those who have not participated in markets before. Cultivating a market culture in the US, where people believe in a system that works for them, is the centerpiece of capitalism.”
Matthew Sigel, head of digital asset research at VanEck, thinks a new all-time high is on the cards, saying Bessent is “groundbreaking choice to appoint a Financial Chief free from Fiat Fidelity.”
Trump’s leading pick for Treasury Secretary — billionaire hedge fund investor Scott Bessent — is very pro-crypto, particularly pro-Bitcoin.
Some recent statements:
“I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican…
— Eleanor Terrett (@EleanorTerrett) November 12, 2024
Bitcoin price jumped over 10% in the past 24 hour as it is still undervalued, with the price currently trading at $89,464. The 24-hour low and high are $80,818 and $89,859, respectively. Furthermore, the trading volume has shot up by 77% in the last 24 hours, indicating a massive interest among traders.
BTC futures open interest continues to hit new ATH, as per Coinglass data. Total BTC future open interest climbed 4% in 4-hour and 11% in 24-hour. The 607.56K BTC futures OI are now valued at $54.50 billion, signals support for a further upside move in BTC price.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin $DOGE — Instant Airdrop 2023 — Claim Now! | by Lauren Scott | Dec, 2023 Medium
Source link ]]>
- Wolf of All Street’s host Scott Melker is constructive on Bitcoin.
- He explained why in an interview with Yahoo Finance today.
- BTC has tumbled from $31,000 to $26,000 in about six weeks.
Bitcoin is still a bull market despite the sharp sell-off in recent weeks, says Scott Melker – Host of “The Wolf of All Streets” podcast.
Melker remains constructive on Bitcoin
The world’s largest cryptocurrency has retreated from over $31,000 to the sub $26,000 level in about six weeks – fragility that Melker attributes to a “long squeeze”.
But he remains confident that Bitcoin is not at all doomed to make a new low in the coming months. Defending his view on Yahoo Finance, the crypto trader and investor said:
I don’t think there’s reason to suspect we’ll go to new lows like we did after the FTC collapse unless we have some other massive black swan event. I don’t see that in cards.
Note that Jason Pizzino also recently said that BTC could soon be worth over $42,000.
Bitcoin has strong support at $25,000 level
Scott Melker announced $25,000 as a key level to watch in Bitcoin – as long it’s trading above that level, it’s still in a bull market, he added.
The crypto expert sticks the probability of a Spot Bitcoin ETF being approved by the Securities & Exchange Commission this year at 65%. He’s constructive on BTC also because the big players have been loading up on it for months.
If you look at the way Bitcoin has moved over the past four years, we’re in the midst of another four-year cycle in the exact same place that we were last time.
The total supply of Bitcoin is slated to halve in the second quarter of 2024 – an event that’s historically delivered a boost to its price.
Bitcoin, Dogecoin and XRP are now accepted as payments by Scott Dunn as Nuvei announces its partnership with the luxury tour operator.
Nuvei announced support for over 40 cryptocurrencies in March 2021, allowing merchants working with the payment service to send and receive payments across 200 countries using a variety of cryptocurrencies.
These included cryptocurrencies such as Bitcoin, Cardano, Ethereum, Bitcoin Cash, Litecoin, NEO, XRP, Dogecoin, Reddcoin, Bitcoin Gold, USDT and several other assets. Holders of cryptocurrencies supported by Nuvei can now book bespoke vacations and honeymoons through Scott Dunn, thanks to the new partnership.
Cryptocurrency payments
Cryptocurrencies continue to gain mainstream adoption. SBI Motor Japan, a Tokyo-based used automobile exporting company, recently announced that XRP and Bitcoin would be accepted as payment options. SBI VC Trade, a cryptocurrency trading division of financial behemoth SBI Group, will handle these transactions. SBI Motor Japan is concentrating its efforts on the African market.
Ads
As previously covered by U.Today, Shiba Inu, Bitcoin, Dogecoin and other cryptocurrencies are also accepted as payment by Boston-based accounting firm Wolf & Company through crypto payment processor BitPay.
On Friday (April 22), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, took to Twitter to ask followers who should play his role in the upcoming film about the origin and development of Ethereum.
As you may already know, in July 2020, Harper Business published the book “The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum” by journalist Camila Russo.
Here is what the publisher says about this book on Amazon.com:
“The Infinite Machine introduces Vitalik’s ingenious idea and unfolds Ethereum’s chaotic beginnings. It then explores the brilliant innovation and reckless greed the platform—an infinitely adaptable foundation for experimentation and new applications—has unleashed and the consequences that resulted as the frenzy surrounding it grew: increased regulatory scrutiny, incipient Wall Street interest, and the founding team’s effort to get the Ethereum platform to scale so it can eventually be accessible to the masses.“
And here is a review on Amazon.com by Chris Burniske, co-founder at Placeholder Ventures:
“The Infinite Machine is the most thorough account of Ethereum’s past, present, and likely future that I’ve encountered. Russo’s background as a Bloomberg News reporter combined with her immersion in Ethereum makes her uniquely qualified to tell Ethereum’s story. Reminiscent of Nathaniel Popper’s work in its storytelling, finesse, and dedication to detail, The Infinite Machine is slated to be Ethereum’s Digital Gold. Russo’s timing is good, as Ethereum is poised to rise in the mainstream as Bitcoin’s younger, more capable sibling.“
A report by Deadline published on Thursday (April 21), “Scott Free Productions has come aboard to produce an film adaptation of the bestselling book.”
The report went on to say “the film will be written for the screen and directed by Shyam Madiraju, with Ridley Scott, Tom Moran and Vera Meyer of Scott Free producing alongside Alejandro Miranda of Versus Entertainment.”
Russo said:
“It’s incredibly exciting to have Ridley Scott and the crew at Scott Free produce the movie of The Infinite Machine alongside us. I can’t imagine a better team to turn the riveting story about the people behind the most revolutionary technology since the internet into a feature film that will capture the hearts of our generation.“
In a tweet published on April 22, Hoskinson, who is also the co-founder of Ethereum, asked Twitter users who they thought should be cast to play him in this movie.
Twitter users were quick to come up with a number of actors to portray Hoskinson in the film, ranging from serious takes to the more hilarious. One user was able to generate a reply from Cardano’s founder by insinuating that the developer should be played by long-time action film star Steven Seagal.
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
✓ Share: