Happy Tuesday!

In today’s CryptoSlate newsletter, we highlight some of the most intriguing developments in the cryptocurrency sector: Senator Cynthia Lummis is hopeful that a proposed bill to create a U.S. Bitcoin reserve asset could be enacted within Donald Trump’s first 100 days, positioning the U.S. as the largest government holder of Bitcoin, much like its gold reserves. In another exciting update, the PEAQ token is gaining traction with its recent launch on 12 crypto exchanges, aimed at advancing decentralized physical infrastructure networks (DePIN) and democratizing the machine economy. Additionally, a recent survey reveals that over 30% of hedge funds and venture capital firms expect Solana (SOL) to reach $600 this cycle, signaling robust market confidence in its future. Stay tuned for more insights on these key topics!

LATEST SLATECAST 🎙️ OORT’s Max Li emphasizes blockchain’s role in AI trust and ethics revolution

The global crypto market cap is $2.88 trillion, with a 24-hour volume of $370.44 billion. The price of Bitcoin is $86,016.86, and BTC market dominance is 59.3%. The price of Ethereum is $3,229.24, and ETH market dominance is 13.5%. The best-performing sector is Media, which gained 7%. The Crypto Fear & Greed Index is currently Greed (80).

📰 Top News

US Bitcoin reserve asset bill could pass in Donald Trump’s first 100 days – Senator Cynthia Lummis

The proposed legislation seeks to position the US as the largest government Bitcoin holder, echoing its gold reserve status.

Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth

PEAQ token listing positions peaq to leverage real-world DePIN applications and democratize the machine economy.

Hedge funds and venture capital firms expect Solana will hit $600 this cycle – Survey

Over 30% of the respondents in a MV Global survey believe SOL will register a new all-time high above $600.

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📈Latest Insights

• Bitcoin’s price out values 1kg of gold as its market cap exceeds silver

• Bitcoin’s all-time high creates historic $54K price margin over average realized price

• Bitcoin ETFs pull in $3.4 billion since US Election amid another $1 billion day

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🗞️ More News

• Bitcoin ETFs on track to overtake gold ETFs within 2 months

• China-based Nano Labs turns to Bitcoin payments amid potential policy shift in the country

• Bhutan’s Bitcoin stash hits $1 billion as speculation around nation state adoption intensifies

• Russia proposes digital asset investment platform for developing markets

• Digital asset funds hit record $31.3B inflows as Bitcoin leads the charge

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