BTC rallies to $105K, FOMC holds rates, start-up coin meta
Bitcoin (BTC) surged to $105,000 as concerns over Federal Reserve policies began to ease. Federal Reserve Chairman Jerome Powell announced that banks would be free to engage more actively with cryptocurrency markets. Meanwhile, major financial firms such as Goldman Sachs are contemplating a strategic BTC reserve, and initiatives are being introduced in Illinois and Indiana to establish similar reserves. In Texas, the lieutenant governor is prioritizing a BTC reserve bill. Notably, candidates backed by crypto PACs succeeded in Florida primaries. Additionally, Trump Media plans a shift towards crypto involvement, although some analysts at Polymarket predict that a BTC reserve is unlikely in the near term. The impending executive order from Trump might disrupt the typical four-year Bitcoin market cycle. Ethereum users have voted for Danny Ryan to lead its foundation. The CME is set to offer options on BTC futures, and Robinhood is hinting at a future launch of crypto futures. Furthermore, DCG has initiated mining operations, and Binance is under investigation for misappropriation in Spain.
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