CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve
CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserveAnalysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation.
Happy Thursday!In today's CryptoSlate newsletter, we highlight key developments in the cryptocurrency landscape, including a bold proposal from CryptoQuant's CEO suggesting that the U.S. could cut its national debt by establishing a strategic Bitcoin reserve, a move seen as both symbolic and practical amid economic challenges. Additionally, Bitcoin accumulator addresses have acquired 225,000 BTC in December, reflecting strong demand despite significant sell pressure, while Russian firms increasingly turn to Bitcoin and stablecoins for global trade in response to sanctions. Finally, Sonic Labs has launched a new feature allowing users to swap FTM for S tokens via its Gateway, enhancing accessibility within the Sonic blockchain ecosystem. Stay tuned for more insights! LATEST SLATECAST 🎙️ On-chain AI and the future of privacy: Jesse Glass talks identity, AGI, and Decide AI’s 2025 roadmap 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.32 trillion, with a 24-hour volume of $123.77 billion. The price of Bitcoin is $95,932.31, and BTC market dominance is 57.1%. The price of Ethereum is $3,344.20, and ETH market dominance is 12.1%. The best-performing sector is Move-to-Earn, which gained 7%. The Crypto Fear & Greed Index is currently Greed (79). CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve
Analysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation. 📰 Top News
Bitcoin accumulator addresses acquire 225k BTC in December amid significant sell pressureThe demand is met with shrinking sell-side liquidity, but analysts suggest short-term further downside. Russian firms turn to Bitcoin, stablecoins for global trade amid sanctionsBitcoin mined in Russia becomes vital for international transactions amid Western sanctions. Sonic Labs launches FTM to S token swaps via GatewayUsers can now use the official Sonic Gateway to swap FTM to S tokens based on the Sonic blockchain. Latest Insights🗞️ More News
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A Bitcoin strategic reserve, access to banking services, and the creation of a crypto council are among the items on the industry's 'wishlist.' ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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