Bitcoin hits record price of $124k while Ethereum sits $50 away from setting new all-time high

American Bitcoin, backed by Donald Trump Jr. and Eric Trump, is looking to acquire companies in Asia to enhance its Bitcoin reserves, with a focus on a publicly listed firm in Japan.

Editor’s Note: This move is significant as it highlights the growing interest in Bitcoin and cryptocurrency investments in Asia, potentially leading to increased market activity and innovation in the sector.

The GENIUS Act, the first stablecoin legislation in the U.S., has generated interest among crypto investors. However, banking associations are concerned about potential risks to the financial system.

Editor’s Note: This matters because the introduction of stablecoin legislation could significantly impact the cryptocurrency market and financial regulations. The concerns raised by banking associations highlight the need for careful consideration of the law's implications.

$450 million in seized cryptocurrency assets is set to be returned to investors who were defrauded. This move by the Department of Justice aims to provide restitution to victims of crypto fraud.

Editor’s Note: This is significant as it highlights the government's commitment to protecting investors and holding fraudsters accountable. The return of these assets can help restore trust in the cryptocurrency market.

The SEC has filed a status report regarding the Ripple XRP appeals, which could influence future cryptocurrency regulations and the legal classification of digital assets.

Editor’s Note: This case is significant as its outcome may establish important legal precedents for how cryptocurrencies are regulated in the future, affecting investors and the broader market.

American Bitcoin Corp., linked to Donald Trump's family, has made a significant investment of $314 million in Chinese computer chips, acquiring 16,290 Antminer units. This marks one of the largest hardware purchases in the crypto sector this year.

Editor’s Note: This investment is noteworthy as it highlights the growing interest and financial commitment in the cryptocurrency mining industry, especially from companies with political ties. It could also influence market dynamics and investor confidence in crypto assets.