Bitcoin has dropped below $84,000, erasing the post-election rally as traders hedge against further declines. The S&P 500 lost $500 billion in one hour due to Trump’s trade war with the EU. Meanwhile, the House on Tuesday narrowly passed a Republican budget resolution that calls for $4.5 trillion in tax cuts and a $2 trillion reduction in federal spending over a decade, clearing the way for major elements of President Trump’s domestic agenda #siamstr #nostr

Crypto market sentiment has fallen into “extreme fear” as Bitcoin slumped to as low as $86,887, its lowest since mid-November. Broadly, the crypto market has dropped by over 10% over the last day, with some leading coins like Solana, Ripple’s XRP, and Dogecoin nursing much larger losses during the same span. #nostr #siamstr #Siamstr

The US state of Wyoming is “rapidly advancing” towards the launch of its own stablecoin before mid-2025, the executive director of the team behind the initiative has said. Apollo is executive director of the Wyoming Stable Token Commission, which was established in March 2023 through the Wyoming Stable Token Act. #siamstr #nostr

The makeover of the U.S. Securities and Exchange Commission appears to be well underway following news that the agency plans to dismiss its years-long case against Coinbase. #siamstr #nostr

Federal Reserve Chair Jerome Powell has made a major statement that could reshape the relationship between traditional banks and the cryptocurrency sector. While acknowledging crypto’s volatility and speculative nature, he stated that the Fed does not intend to prevent banks from serving legal crypto customers as long as they understand and manage the associated risks. #siamstr #nostr #Siamstr

The hearing, which took place on Feb. 6, focused on the so-called "Operation Chokepoint 2.0," an initiative by the U.S. government that was meant to target the cryptocurrency sector. Paul Grewal, Chief Investment Officer at Coinbase testified at the U.S. House Committee on Financial Services #siamstr #nostr #Siamstr

The market is on high alert as Federal Reserve Chair Jerome Powell’s upcoming statements take center stage. Unlike last year’s crash, this time, the real market impact will unfold after the meeting, even though no rate changes are expected. While the Fed is expected to keep rates steady, Powell's comments on deportation, the debt ceiling, and inflation will impact market sentiment. #siamstr #nostr #Siamstr

The Securities and Exchanges Commission’s (SEC) acting chairman, Mark Uyeda, has launched a crypto task force to develop a regulatory framework for crypto assets. Commissioner Hester Peirce will lead the task force. The task force will collaborate with the SEC, the Commodity Futures Trading Commission (CFTC) and other federal departments and agencies to develop a sensible regulatory framework, including paths to registration and disclosure. #siamstr #Siamstr #nostr

Prediction market traders on Polymarket are cautiously optimistic about immediate crypto-related action from President-elect Donald Trump on Inauguration Day. The question of whether Trump will mention cryptocurrency or Bitcoin in his inauguration speech on Monday is sitting at a 31% chance. #siamstr #nostr #Siamstr

Bitcoin is positioned for a transformative first quarter in 2025, with analysts forecasting a potential BTC rally driven by an influx of $612 billion in new liquidity into the US Treasury. However, the current market is looking quite red lately. #siamstr #Siamstr #nostr