Author: driver789

Republican Senators Bill Cassidy and Cynthia Lummis introduced legislation Monday aimed at reshaping the U.S. digital asset mining sector, tightening supply chains, and embedding bitcoin into federal reserve strategy. The proposal, titled the “Mined in America Act,” would establish a federal certification program for domestic crypto mining operations while phasing out reliance on foreign-manufactured hardware. It also seeks to codify Donald Trump’s executive order creating a Strategic Bitcoin Reserve, placing the policy on statutory footing, according to a release on the matter. “Digital asset mining is a big part of our economy. We should be doing it here in America,”…

Historical data shows Bitcoin bear markets deepening when oil prices rally to record highs. Will Monday’s $105 WTI price lead to a BTC crash?Key takeaways:$105 WTI crude often triggers Bitcoin price corrections, with history showing a 14% to 27% sell-off within weeks.The BTC to oil correlation remains uncertain as events like Mt. Gox and the Terra-Luna collapse likely deepened previous crypto bear markets.Oil prices surged to $105 on Monday, reaching their highest level in nearly four years. Historically, this specific threshold has aligned with major Bitcoin (BTC) price corrections. However, since these occurrences only took place once in 2014 and…

The U.S. Department of Labor has proposed a rule that would make it easier for 401(k) plans to include alternative assets such as cryptocurrencies, private equity and real estate.The proposal is in response to President Donald Trump’s executive order, released in August, which directed the Labor Department and the Securities and Exchange Commission to facilitate expanded access to alternative assets in 401(k)s.“This proposed rule will show how plans can consider products that better reflect the investment landscape as it exists today,” Labor Secretary Lori Chavez-DeRemer said in a statement.If adopted, the rule would mark a shift in how retirement plans…

Ethereum is trading just above the important $2,000 psychological level, but the apparent stabilization may be deceptive. According to a technical analysis published on TradingView by crypto analyst RLinda, what looks like a recovery attempt is, in fact, a counter-trend correction, a bear market bounce that could be setting bulls up for a painful flush lower. Crypto Winter Tightens Its Grip RLinda’s analysis opens with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.  Technical analysis of the 2-hour timeframe chart shows that Ethereum has already printed a series of…

The U.S. Department of Labor has unveiled a sweeping proposed rule that could significantly expand the range of investment options available in 401(k) retirement plans, marking a potential turning point for alternative assets — including crypto — within tax-advantaged retirement accounts. Released Monday by the department’s Employee Benefits Security Administration, the proposal aims to reduce regulatory uncertainty and litigation risk for fiduciaries considering alternative investments.  The move follows an executive order from Donald Trump directing agencies to “democratize access” to non-traditional assets in retirement portfolios. At its core, the rule reinforces that fiduciary responsibility under the Employee Retirement Income Security…

South Korea’s Naver Financial has pushed back the timeline for its planned share swap with Dunamu, the operator of crypto exchange Upbit, according to a regulatory filing posted on Monday. In a filing with the Financial Supervisory Service (FSS), the company said it expects to hold a shareholder vote on Aug. 18 and complete the transaction on Sept. 30, marking a roughly three-month delay from earlier target dates of late May or early June.Naver Financial’s plans to acquire Dunamu were first revealed in September 2025, as local news agencies Yonhap and Chosun reported the company was preparing a share swap to…

CFTC Chair Michael Selig signaled that the agency would defer to the football league in calling for changes to event contracts that could be manipulated by a single person.The National Football League (NFL) has reportedly sent letters to Kalshi, Polymarket and other prediction market platforms in an effort to block the companies from offering trades on football events that can be easily manipulated or determined in advance. According to a Monday ESPN report, the letters to the prediction market companies said that the NFL objected to certain types of event contracts offered on the platforms, including those that could be easily…

Bitmine Immersion Technologies has lifted its ether holdings to 4.73M ETH, staking $6.3B at a $2,005 reference price as it doubles down on Ethereum’s yield. Summary Ethereum treasury firm Bitmine Immersion Technologies added 71,179 ETH last week, lifting its holdings to about 4.73 million ETH. The company now stakes 3,142,643 ETH, worth roughly $6.3 billion at a reference price of $2,005 per ETH. Bitmine also holds 197 BTC plus equity stakes of $102 million in Eightco Holdings and $200 million in Beast Industries. Ethereum treasury company Bitmine Immersion Technologies has quietly become one of the largest known ether holders in…

I did not expect to feel this way.By most measures, we are in the middle of a historic crypto winter. Prices have been low. Sentiment has been even lower. If you’re looking for the kind of market euphoria that typically makes conference season feel electric, you won’t find it in the charts right now.And yet I have never been more excited about a Consensus event.I have run Consensus since 2021, long enough to know the difference between manufactured hype and a genuine inflection point. This is a genuine inflection point.The price narrative has been noisy, but the infrastructure narrative has…

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career…