America is the envy of the world, underpinned by our unparalleled economic power, and derived from the supremacy of the US dollar as the currency of choice. In recent times, however, our dominance has been eroded. Whether due to negligence by former administrations or economic aggression from adversaries, other forms of currency have risen in an attempt to replace the dollar. With this, our ability to leverage access to U.S. backed financial institutions have diminished. Efforts to undermine our monetary dominance has led to fragmentation of the world’s financial system and marked an erosion of America’s global influence.

Furthermore, our national debt has become a financial…

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In a major shift in federal oversight of bitcoin and crypto, the U.S. Department of Justice (DOJ) has officially disbanded its National Cryptocurrency Enforcement Team (NCET), a specialized unit created under the Biden administration to investigate and prosecute criminal activity involving bitcoin and crypto.

The move follows a directive from Deputy Attorney General Todd Blanche, a Trump appointee confirmed earlier this year and marks a broader rollback of federal regulatory scrutiny over the bitcoin and crypto sector. The DOJ issued an internal memo on Monday notifying staff that the unit would be dissolved effective immediately, redirecting remaining cases to existing divisions…

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Despite recent upheavals in the financial markets triggered by U.S. President Donald Trump’s tariffs Bitcoin has shown remarkable resilience. Analysts from Bernstein highlight that while the top cryptocurrency typically faced drawdowns of up to 70% in past crises this time it only saw a 26% drop. This demonstrates a robust demand from steadfast investors during turbulent times.

Bernstein analysts point to Bitcoin’s current behavior as an indicator of risk appetite which underscores its enduring appeal. Unlike previous market shocks where Bitcoin’s value plummeted significantly the smaller decrease this time around reflects a stronger base of investor confidence.

Further affirming Bitcoin’s status as digital gold Bernstein analysts emphasize its role as a long-term store of value. Bitcoin behaves like a more liquid and higher-volatility version of traditional gold. This suggests its potential to outperform in the digital age continuing to attract investors looking for reliability amidst uncertainty.

Cboe Global Markets is gearing up to introduce a new Bitcoin futures product the Cboe FTSE Bitcoin Index Futures slated for trading start on April 28 pending regulatory nods. The new futures contract will be based on the FTSE Bitcoin Index and is designed as a cash-settled offering reduced to a tenth of Bitcoin’s value enabling finer control over Bitcoin exposure without direct ownership.

Trading under the ticker XBTF the product will settle transactions on the last business day each month. Aimed at enhancing traders’ arsenal the futures complement Cboe’s recent Bitcoin ETF options providing a diversified toolkit for navigating the cryptocurrency markets. Catherine Clay Cboe’s global head of derivatives praised the new product as a significant addition enhancing trading flexibility amidst rising crypto demand.

The FTSE Bitcoin Index developed by FTSE Russell and Digital Asset Research ensures accurate Bitcoin price tracking by employing stringent criteria for exchange and data inclusion. This strategic expansion in Cboe’s digital asset offerings marks a continued commitment to providing advanced trading tools capturing the burgeoning interest in cryptocurrency investments.

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