There’s a growing demand to pay for food with Bitcoin in-store and online. As institutions adopt Bitcoin as a store of value, people also want to use it for everyday purchases.
The Albanese-led government intends to release draft legislation in 2025 for public consultation and promised to work with Australia’s four largest banks to better understand de-banking.
🚀 From market crashes to institutional power moves, here are the top headlines shaping the crypto world right now.
1️⃣ CME Launches Solana Futures Trading
The Chicago Mercantile Exchange (CME) has officially launched Solana futures trading, marking a major milestone for institutional adoption of SOL. This move could significantly impact Solana’s market dynamics and liquidity.
A new survey by Data for Progress found that 51% of U.S. voters oppose creating a strategic crypto reserve, with 45% supporting reduced government funding for blockchain initiatives. Meanwhile, 40% of wealthy investors remain interested in Bitcoin investments.
3️⃣ Long-Term XRP Holders Show Strength Amid Market Volatility
The Net Unrealized Profit/Loss (LTH NUPL) indicator reveals that long-term XRP holders are in profit. Analysts suggest this could provide price stability and support future rallies.
4️⃣ Bitcoin Miners in the U.S. Now Control 30% of Network Hashrate
U.S.-listed Bitcoin miners have hit an all-time high, controlling 30% of the network’s hashrate. This marks an 8% increase since the last Bitcoin halving event, showing rising institutional mining dominance.
5️⃣ Arthur Hayes Predicts Bitcoin at $1.8M & Calls for a New Global Reserve System
In a controversial new essay, Arthur Hayes argues that Bitcoin will become a global reserve asset when it reaches $1.8M per BTC. He warns that a U.S. government shift could impact Bitcoin reserves, but highlights America’s mining dominance and strategic advantage.
