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CoinDesk 20 Performance Update: NEAR Drops 5.4% as Almost All Assets Trade Lower

CoinDesk 20 Performance Update: NEAR Drops 5.4% as Almost All Assets Trade Lower

Yahoo2 days ago

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3130.42, down 1.7% (-54.58) since 4 p.m. ET on Thursday.
One of 20 assets are trading higher.
Leaders: BCH (+0.5%) and BTC (-0.2%).Laggards: NEAR (-5.4%) and DOT (-5.3%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Vice President JD Vance Just Delivered Incredible News to Bitcoin Investors
Vice President JD Vance Just Delivered Incredible News to Bitcoin Investors

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Vice President JD Vance Just Delivered Incredible News to Bitcoin Investors

Vice President JD Vance gave the keynote speech at the Bitcoin 2025 conference in Las Vegas. Vance highlighted recent moves by the White House to create pro-crypto policies. Vance also emphasized that Bitcoin is a long-term strategic asset for the government, as well as a potential source of competitive advantage. 10 stocks we like better than Bitcoin › On May 28, Vice President JD Vance gave the keynote speech at the Bitcoin (CRYPTO: BTC) 2025 conference in Las Vegas. He offered a broad overview of what's coming next for crypto, as well as a few insights into how the White House is thinking about Bitcoin right now. Last year, President Donald Trump attended this same event, outlining the major pro-Bitcoin policies of his 2024 campaign platform. So now that top political leaders are openly embracing crypto, what should Bitcoin investors expect? A major focus of Vance's speech was a reiteration of the pro-crypto regulatory approach of the Trump administration. In just five months, the White House has already taken a number of big steps -- including a major shakeup at the Securities and Exchange Commission to make it more crypto-friendly, and the creation of the Strategic Bitcoin Reserve. All of this is good news for Bitcoin investors, of course. It opens the door to more innovation, economic growth, and wealth for everyday Americans. As Vance pointed out in his keynote, millions of Americans now own Bitcoin. So any moves that can help Bitcoin grow and prosper will help everyday Americans as they save for the future. And there's more good news on the way. Next up, says Vance, is new legislation for dollar-pegged stablecoins, as well as a comprehensive regulatory framework for crypto that will help to establish the official rules of the road for Bitcoin. Once that's in place, the mainstream adoption of crypto can really start. Institutions will no longer have an excuse not to get involved with Bitcoin. Vance also emphasized that the White House is thinking about Bitcoin as a long-term strategic asset. That was the stated purpose of creating the Strategic Bitcoin Reserve back in March. The next major step, says Vance, is new legislation that will codify the Strategic Bitcoin Reserve in law. Otherwise, the next administration could just as easily reverse the existing executive order with a new executive order of its own. There's a key reason the White House is thinking about Bitcoin as a "strategically important asset" these days. And that's because Bitcoin represents the sort of American values -- innovation, entrepreneurship, freedom, and lack of censorship -- that are anathema to countries such as China. In fact, as Vance pointed out, the U.S. should look to use Bitcoin as a source of competitive advantage against China. All of that should give hope to current Bitcoin investors. There's simply too much invested in Bitcoin for the U.S. government to back off now. The government is going all-in on Bitcoin. As a result, crypto has moved from the fringe to the mainstream. All of that sounds great, of course. It's great to hear that the government is embracing Bitcoin. It's fantastic to hear that Bitcoin could become the answer to some of the economic and strategic problems currently facing the Trump administration. However, it has become impossible to ignore the potential conflicts of interest that may exist. Vance, by his own admission, holds close to $500,000 worth of Bitcoin. Just days before the conference, Donald Trump's media company announced that it was planning to buy $2.5 billion worth of Bitcoin. And Eric Trump and Donald Trump Jr. (both of whom showed up at the Bitcoin 2025 conference) are engaged in Bitcoin ventures of their own. Even if there is no wrongdoing involved, the optics aren't great. 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Bitcoin To See $400B In Inflows From Institutions By 2026, Report Says
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time13 hours ago

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Bitcoin To See $400B In Inflows From Institutions By 2026, Report Says

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A recent report suggests that the influx of institutional capital into Bitcoin may only just be starting. The report suggests Bitcoin interest from a heterogeneous group of investors. The anticipated demand for Bitcoin is likely to drive its price significantly higher. For years, Bitcoiners said institutions were coming. Now, without a doubt, they are finally here. Last year, spot exchange-traded funds backed by the asset saw nearly $37 billion in inflows, and several corporations jumped on the Bitcoin treasury strategy popularized by MicroStrategy (NASDAQ:MSTR). A recent report suggests that the influx of institutional capital into Bitcoin may only just be starting. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Bitcoin will see $427 billion in institutional inflows by the end of 2026, according to a UTXO and Bitwise joint report last week. This number includes $120 billion expected to flow in this year, the report said. UTXO and Bitwise analysts expect public corporations to accumulate up to 1 million BTC by the end of 2026. At the same time, they expect the number of Bitcoin treasury firms to double. MicroStrategy already holds over 580,000 BTC with plans to purchase an additional $84 billion worth of BTC through 2027. Meanwhile, firms like Semler Scientific (NASDAQ:SMLR), Metaplanet and GameStop continue to accumulate. There are also new firms emerging, like Twenty One, a venture backed by Tether and SoftBank. Twenty One revealed plans to launch with 42,000 BTC, and its CEO, Jack Mallers, has suggested that the firm plans to surpass MicroStrategy's Bitcoin holdings. Another anticipated driver for the predicted Bitcoin demand is U.S. states. Trending: New to crypto? on Coinbase. Earlier this month, New Hampshire became the first state to enact a law allowing its state treasury to invest in digital assets with market caps exceeding $500 billion. Currently, this includes only Bitcoin. Texas may be set to follow suit, as similar legislation has passed in the state House and is headed to the state Senate for approval of changes made in the lower chamber. If these changes are approved it would go to the desk of Gov. Greg Abbott, who has signaled support for the bill. Meanwhile, Arizona Gov. Katie Hobbs vetoed a bill that would have made the state treasury an active buyer of digital assets, but signed another into law allowing the state to build a reserve from seized digital assets. UTXO and Bitwise estimate that these laws could drive nearly $20 billion in inflows to Bitcoin by the end of 2026. Other drivers of Bitcoin demand highlighted by the joint report include increased adoption by nation-states, sovereign funds and wealth management platforms. These are anticipated to bring in approximately $162 billion, $8 billion and $120 billion in Bitcoin inflows, respectively, by the end of next year. 'We're entering a new era of Bitcoin adoption—one that is not driven by hype cycles, but by balance sheet fundamentals, sovereign strategy, and long-term fiduciary mandates,' UTXO Research Lead Guillaume Girard said in a blog post. As highlighted in the UTXO and Bitwise report, this anticipated Bitcoin demand is likely to drive up the price of the asset significantly higher. While the report does not specify how high the asset's price could surge, Bitwise has previously predicted that Bitcoin will surge to $200,000 by the end of the year. At last look, the asset is trading at $109,000. Read Next: A must-have for all crypto enthusiasts: . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Bitcoin To See $400B In Inflows From Institutions By 2026, Report Says originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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