Trump Says Crypto Could Pay $38 Trillion US Debt – How High Must Bitcoin Go?

JPMorgan is making waves in the financial world by allowing Bitcoin and Ether to be used as collateral for institutional clients, a move that signals a growing acceptance of cryptocurrencies on Wall Street. This development is significant as it not only enhances the legitimacy of digital assets but also opens new avenues for institutional investors to engage with the crypto market. As the landscape evolves, this could lead to increased investment and innovation in the sector.

Bitcoin liquidity has reached a seven-year low, dropping to approximately 3.12 million BTC, the lowest since 2018. This decline is significant as it indicates a tightening market, with Bitcoin trading below its 99-day Moving Average. The situation highlights the growing demand for Bitcoin amidst dwindling sell-side liquidity, which could impact future trading dynamics and investor sentiment.

XRP is making headlines as it leads the gains in the cryptocurrency market, driven by recent moves from Ripple. Meanwhile, Bitcoin is maintaining its value at $111K, despite some skepticism surrounding the so-called 'Uptober' trend. This is significant as it highlights the resilience of XRP and the overall market's performance, suggesting a potential shift in investor confidence.

CZ has publicly addressed the recent pardon granted to him by former President Trump, responding to claims made by Senator Warren regarding the implications of this decision. This situation is significant as it highlights the ongoing debates surrounding cryptocurrency regulation and the political dynamics at play, especially with influential figures like Warren voicing their concerns. CZ's response could impact public perception and the future of cryptocurrency legislation.

Bitcoin has recently surged past the $110,000 mark, buoyed by increasing institutional support and the introduction of spot Bitcoin ETFs. This rise follows a period of volatility where Bitcoin dipped below key support levels. While the current momentum appears positive, Tom Lee, a prominent figure in the cryptocurrency space, has cautioned that there could be a potential 50% drop in Bitcoin's value. This situation highlights the ongoing uncertainty in the crypto market, making it crucial for investors to stay informed and cautious.

Dan Morehead, the founder and CEO of Pantera Capital, believes that the current crypto bull run is far from over. In a recent discussion with Raoul Pal from Real Vision, Morehead highlights that the ongoing trend is driven by fiat debasement, which is pushing investors towards scarce and higher-risk assets. This conversation sheds light on the broader economic factors at play, including policy errors and persistent inflation, suggesting that institutional and sovereign investments are increasingly shifting towards digital assets. This insight is crucial for understanding the future of both crypto and traditional finance.

Speculation is rising in the cryptocurrency community regarding the potential for former FTX CEO Sam Bankman-Fried to receive a presidential pardon from Donald Trump. Following Trump's unexpected pardon of Binance founder Changpeng 'CZ' Zhao, betting markets on Polymarket have seen a surge in odds related to this possibility. This situation is significant as it highlights the ongoing intersection of politics and cryptocurrency, and how such decisions can impact market dynamics.

Recent estimates reveal that China is still a significant player in the Bitcoin mining sector, contributing about 14% of the global hash-rate as of late 2025. This marks a slight increase from the previous quarter, showcasing China's resilience and influence in the cryptocurrency landscape. With an estimated computing power of 145 EH/s, China's role is crucial as the industry evolves, especially in light of technological advancements like Google's recent breakthroughs in quantum computing that could impact Bitcoin's encryption.

Pump.fun's recent acquisition of the multi-chain trading terminal Padre has led to a significant 10% surge in the value of its token, PUMP. This move is part of Pump.fun's strategy to enhance its ecosystem and tokenize high-potential assets. The acquisition not only boosts the platform's capabilities but also signals confidence in the growing market for decentralized trading solutions, making it an exciting development for investors and users alike.

Blockchain.com has successfully secured a MiCA license, allowing it to expand its cryptocurrency services across 27 countries in the European Economic Area (EEA). This is a significant milestone for the company as it enhances its credibility and operational scope in the rapidly evolving crypto market. The MiCA regulation aims to create a unified framework for digital assets in Europe, which not only benefits Blockchain.com but also fosters a safer environment for users and investors in the region.

JPMorgan is making waves in the financial world by allowing Bitcoin and Ether to be used as collateral for institutional clients, a move that signals a growing acceptance of cryptocurrencies on Wall Street. This development is significant as it not only enhances the legitimacy of digital assets but also opens new avenues for institutional investors to engage with the crypto market. As the landscape evolves, this could lead to increased investment and innovation in the sector.

Bitcoin liquidity has reached a seven-year low, dropping to approximately 3.12 million BTC, the lowest since 2018. This decline is significant as it indicates a tightening market, with Bitcoin trading below its 99-day Moving Average. The situation highlights the growing demand for Bitcoin amidst dwindling sell-side liquidity, which could impact future trading dynamics and investor sentiment.

Spot Ether ETFs have experienced outflows for the second consecutive week, indicating a cooling demand in the market. While Spot Bitcoin ETFs saw a significant influx of $446 million, reflecting renewed institutional confidence in Bitcoin, Ether funds are struggling to maintain investor interest. This trend is important as it highlights the shifting dynamics in cryptocurrency investments, with Bitcoin gaining favor over Ether, which could impact future market strategies and investor decisions.

Crypto.com is taking a significant step by seeking a federal charter to enhance its institutional crypto services. This move is crucial as it aims to provide more robust and regulated offerings in the rapidly evolving cryptocurrency market, which could attract more institutional investors and bolster confidence in digital assets. By pursuing this charter, Crypto.com is positioning itself as a leader in the industry, potentially setting a precedent for other companies looking to navigate the complex regulatory landscape.