Fold CEO Will Reeves | Making Bitcoin Part of Everyday Life

The signs started appearing everywhere for Will Reeves long before he founded Fold. In Argentina, a friend showed him how families preserved wealth through Bitcoin during runaway inflation.

In Sonoma County, where his family worked in the wine industry, he watched migrant workers get gouged by traditional remittance providers who charged usurious fees for sending money home.

During Occupy Wall Street in Oakland, he witnessed PayPal donations getting shut down while bitcoin donations flowed through unimpeded.

“I had all these touch points with Bitcoin all representing an incredibly powerful aspect of it,” noted Will. Each interaction revealed another superpower: wealth…

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Dogecoin Price Tumbles 15% In A Week, But This Analyst Says $1.25 Target Could Still Be In Play

A widely followed chartist predicted a bullish breakout for Dogecoin DOGE/USD on Tuesday, painting bold targets at $0.6533 and even $1.25, despite the meme coin’s corrective price action of late.

What Happened: In an X post, Javon Marks said that the dog-themed cryptocurrency continues to hold a bullish pattern and breakout, which could potentially lead to a “massive move” toward the $0.6533 level. This would represent a 280% run from its current price.

“But that may not be the end,” Marks added. “With the post-breakout chop, these prices may break above this target, bringing in play $1.25!” The $1.25 level was nearly 632% away as of this writing.

The bullish forecast was…

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LATEST: The Blockchain Group Buys 182 Bitcoin Now Holds 1,653 Bitcoin

The Blockchain Group has officially acquired 182 BTC for approximately €17.0 million bringing its total holdings to 1653 BTC. This strategic expansion follows the completion of several convertible bond issuances and a share conversion totaling over €17 million. The company reports a staggering year-to-date BTC yield of 1173.2% highlighting its aggressive and successful cryptocurrency investment approach.

Multiple financial backers including UTXO Management Moonlight Capital Ludovic Chechin-Laurans and TOBAM contributed to the funding rounds. BTC gains stand at €43.8 million year-to-date with the total group holdings valued at €148.9 million at an average price of €90,081 per bitcoin. The Blockchain Group remains committed to its vision as a leading Bitcoin Treasury Company in Europe.

Source

Senate Passes GENIUS Act—Coinbase’s Brian Armstrong Calls It ‘Big Milestone,’ Scott Bessent Says Passage Could Drive Stablecoins Into A $3.7 Trillion Market

In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country’s first regulatory framework for dollar-pegged stablecoins. 

Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage.

What happened: Brian Armstrong, CEO of America’s largest cryptocurrency exchange, Coinbase Global Inc. COIN, called it a “big milestone.”

Paolo Ardoino, CEO of the world’s largest stablecoin-issuing company, Tether USDT/USD, wrote “GENIUS” in a post, alongside the emojis of the U.S. national flag and the national bird, the bald eagle.

Jeremy Allaire, co-founder and CEO of the newly listed stablecoin company, Circle…

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LATEST: US Senate Approves Stablecoin Bill Called The GENIUS Act

The U.S. Senate has officially passed the GENIUS Act by a 68-30 vote marking a historic step for crypto regulation. This bill sets the first nationwide framework for fiat-backed stablecoins aiming to legitimize and secure the digital dollar landscape. Spearheaded by Senator Bill Hagerty and supported by a bipartisan group the legislation demands full dollar backing monthly audits and strict licensing for issuers.

This move protects consumers while giving clear boundaries to stablecoin issuers and excluding compliant tokens from SEC regulation. It also bans algorithmic stablecoins and limits risky financial practices like reserve mixing. Though focused on stablecoins the act is seen as a major win for Bitcoin advocates as it strengthens the digital infrastructure that supports the entire crypto ecosystem.

Supporters say the GENIUS Act could help the U.S. lead in financial innovation online by combining strong oversight with open access. With this law America signals its intent to embrace stablecoins and prepare for a Bitcoin-integrated financial future.

Source

Will the Fed sign off on runaway spending? 

This is a segment from The Breakdown newsletter. To read full editions, subscribe.

The charters establishing the First and Second Banks of the United States both included a clever clause that limited the ability of those proto-central banks to print money: Every bill issued had to be hand-signed by either the president or cashier of the bank. 

This wasn’t an attempt to impose restrictive monetary policy, however — it was more about a Jeffersonian fear of big banks and institutions too far removed from local control.

But the effect was the same: Both the First and Second banks issued less money than their presidents wanted them to, simply because they couldn’t sign…

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Bitcoin Mining Stock Bitdeer Technologies Is Sliding After The Bell: What’s Sparking The Sell-Off? – Bitdeer Technologies (NASDAQ:BTDR)

Bitdeer Technologies Group BTDR shares are trading lower in Tuesday’s after-hours session after the company announced a proposed private placement of convertible senior notes.

What Happened: Bitcoin BTC/USD mining company Bitdeer announced plans to offer $300 million of convertible senior notes due 2031 in a private placement to institutional buyers. The company plans to grant the initial purchasers a 13-day window to purchase up to an additional $45 million of the notes.

Bitdeer expects to use a portion of the proceeds to pay the cost of a zero-strike call option transaction and to pay the cash consideration for concurrent note exchange transactions that involve privately negotiated…

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4 companies pump.fun could look at acquiring after its $1B raise

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

With pump.fun set to reportedly raise $1 billion via a token sale, it’s fair to assume the memecoin launchpad will at least be open to exploring acquisitions as a way of putting its fresh capital to work. Based on my own guesswork and a few conversations with industry watchers, here are four businesses I think could make sense for a pump.fun acquisition. 

BullX

Many memecoin traders don’t actually trade through pump.fun’s frontend, opting for the sniping and copy trading features offered by trading bots — many of which run on Telegram.

These bots collect fees on trading volume,…

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FOMC preview: What to expect in Powell’s final months

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

US equities and bitcoin were in the red Tuesday afternoon as conflict in the Middle East stretched into a fifth day. Investors are also waiting to hear from the FOMC tomorrow about their interest rate decision and, more importantly, what the committee’s latest Summary of Economic Projections has to say. 

Bitcoin had lost 2.7% over the day at 2 p.m. ET, hovering around $104,000. The S&P 500 and Nasdaq Composite opened lower and were trading 0.8% and 0.9% lower, respectively, at that time. 

All signs point to the Fed holding interest rates tomorrow. And probably again in July. Should…

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BBVA Tells Wealthy Clients To Invest Up To 7% In Bitcoin

Spanish bank BBVA is now advising its wealthy clients to invest up to 7% of their portfolios in crypto and Bitcoin, showing how traditional banks are starting to see the potential of Bitcoin. 

“With private customers, since September last year, we started advising on Bitcoin,” said Philippe Meyer, head of digital & blockchain solutions at BBVA Switzerland, during the DigiAssets conference in London. “The riskier profile, we allow up to 7% of portfolios in crypto.”

The bank’s private wealth division is currently recommending clients allocate 3% to 7% of their portfolio to Bitcoin and crypto, depending on their individual appetite. While many private banks have…

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