A pro-Trump super PAC called MAGA Inc. has raised an eye-popping $200 million, with a big chunk of that money coming from major players in the crypto world, including Elon Musk and the Winklevoss twins. This highlights how crypto industry leaders are increasingly throwing their financial weight behind Trump’s political efforts.

Editor’s Note: This story matters because it shows how cryptocurrency billionaires are becoming major political donors, potentially shaping the 2024 election. If crypto leaders keep backing Trump, it could influence his policies on digital currencies and financial regulation—something that affects both investors and everyday Americans.

The IMF has officially acknowledged Bitcoin's role in the global economy, stating in a recent blog post that it now belongs in core economic statistics. This recognition coincides with the UN's approval of updated national accounting standards, highlighting Bitcoin's tangible economic impact.

Editor’s Note: This is a big deal because it signals that major financial institutions are starting to take cryptocurrencies seriously. The IMF's nod could pave the way for broader acceptance of Bitcoin in global finance, potentially influencing regulations, investments, and how countries track economic activity. If even the IMF is on board, crypto's legitimacy just got a major boost.

A senior White House official has confirmed that the Trump administration is still moving forward with plans to create a U.S. Strategic Bitcoin Reserve. Although the idea was only briefly mentioned in a recent policy report, it’s seen as a major part of the administration’s cryptocurrency strategy.

U.S. Treasury Secretary Scott Bessent has declared that the country is in a "golden era" of cryptocurrency, highlighting the potential of blockchain technology to drive innovation. His remarks come amid significant growth and increasing support for the crypto sector in the U.S.

Veteran financial advisor Ric Edelman, once skeptical of cryptocurrencies, has significantly increased his recommended crypto allocation from just 1% to a hefty 40% of a portfolio. He now argues that Bitcoin and other digital assets should no longer be dismissed as purely speculative bets but instead recognized as legitimate components of a diversified investment strategy.