Cryptocurrency markets experience a surge as former president Donald Trump plans to set up a crypto taskforce. Alongside, Trump pardons Ross Ulbricht, introducing significant developments in the crypto sphere. Notable predictions on Bitcoin's market value surface, with Bitwise pegging it at $200k and Brian Armstrong forecasting it to reach multi-million dollar levels.
In a legal development, a Texas court has reversed sanctions against Tornado Cash, showcasing the evolving regulatory environment. Meanwhile, the banking industry shows readiness to embrace crypto, as stated by the CEO of Bank of America. Coinbase stands firm on potential delisting of USDT if ordered.
As for the corporate realm, MicroStrategy shareholders have agreed to allow additional Bitcoin purchases, signaling confidence in the asset. Relatedly, companies like CLS Global face legal issues due to wash trading. Additionally, the mention of new ETFs and acquisitions adds to the bustling activity within the sector.
The altcoin space witnesses exciting movements, with notable increases in Solana stablecoin supply and various tokens gaining attention. Lastly, Bitcoin mining continues to thrive, reducing costs for states like Texas and prompting companies like Riot Platforms to consider AI integrations.
