XRP: Why it’s outperforming altcoins — and what comes next
Over the past year, most altcoins have struggled to keep up with Bitcoin, but one project is breaking away from the pack: XRP. While other tokens have stagnated or slid, XRP (XRP) has surged more than 300% in just six months against Bitcoin (BTC) to […]
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What is a VTuber, and how do you become one in 2025?
Key takeaways A Vtuber is a real person behind a digital avatar, blending performance, storytelling, and creativity to connect with audiences through livestreams, games, podcasts, and more. Becoming a VTuber involves designing a unique avatar (2D or 3D), using motion capture for animation, and leveraging […]
Analysis
Can you really buy anything with Pi coin? Find out here!
Key takeaways Pi coin finally went live on open mainnet in February 2025, unlocking real-world use cases after years in closed beta. You can spend Pi coin, but mostly within P2P communities and KYC-verified Pi apps — mainstream adoption is still in its early stages. […]
Analysis
Price analysis 2/19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC
On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the […]
Litecoin
On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the eventual breakout or breakdown from it.
CryptoQuant CEO Ki Young Ju said in a post on X that Bitcoin would remain in a bull phase even with a 30% drop to $77,000, based on historical cyclical patterns. In a separate “Quicktake” blog post, CryptoQuant contributing analyst Timo Oinonen said that a sharp correction in Bitcoin “could be multiple months or even a year away.”
Crypto market data daily view. Source: Coin360
Even as Bitcoin consolidates, some analysts are turning positive on Ether (ETH). Santiment analysts said in a post on X that only 6.38% of Ether’s available supply remains on the exchanges as investors continue moving it to cold wallets. That reduces the possibility of a significant sell-off, but the analysts added that the data should be considered a long-term metric rather than used for swing trading.
Could Bitcoin break above the critical $100,000 resistance and pull altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Sellers pulled Bitcoin below the $94,000 support on Feb. 18, but the long tail on the candlestick shows solid buying at lower levels.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day exponential moving average ($97,539) has started to turn down, and the relative strength index (RSI) is in the negative territory, indicating a slight edge to the bears. If the price turns down from the 20-day EMA, the BTC/USDT pair could plunge to the $90,000 support. This remains the key level for the bulls to defend because a break below $90,000 will complete a double-top pattern.
If buyers want to make a comeback, they will have to push the price above the 50-day simple moving average ($98,954). If they do that, the pair could ascend to $102,500 and subsequently to $106,500.
Ether price analysis
Ether has been trading below the breakdown level of $2,850 for the past few days, but the bears have failed to sink the price below $2,500. This suggests that selling dries up at lower levels.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
Buyers will try to push the price to the downtrend line, a crucial level for the bears to defend. If the price turns down from the downtrend line but finds support at the 20-day EMA ($2,789), it will signal buying on dips. That increases the possibility of a break above the downtrend line. The ETH/USDT pair may then climb to $3,400.
Contrary to this assumption, if the price turns down and breaks below $2,500, the pair could decline to $2,400 and, after that, to $2,300.
XRP price analysis
XRP (XRP) is witnessing a tough battle between the bulls and the bears near the moving averages.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
If the price turns down from the moving averages, the bears will try to sink the XRP/USDT pair below the support line of the symmetrical triangle. If they succeed, the pair could collapse to the solid support at $1.77.
This negative view will be invalidated in the near term if the price rises and breaks above the moving averages. The pair could rally to the downtrend line, where the bears are expected to mount a strong defense.
Solana price analysis
Solana (SOL) plunged and closed below the $175 support on Feb. 18, indicating the start of a deeper correction.
SOL/USDT daily chart. Source: Cointelegraph/TradingView
However, the buyers are unlikely to give up easily. They will try to push the price back above $175. If they succeed, it will suggest that the breakdown below $175 may have been a bear trap. The SOL/USDT pair could rise to the 20-day EMA ($195) and later to the 50-day SMA ($211).
On the contrary, if the price turns down from $175, it will suggest that the bears have flipped the level into support. The pair may slump to $155 and subsequently to $133.
BNB price analysis
BNB (BNB) is attempting to rebound off the $635 support, signaling solid demand at lower levels.
BNB/USDT daily chart. Source: Cointelegraph/TradingView
The relief rally is expected to face selling at the 50-day SMA ($670). If buyers push and maintain the price above the 50-day SMA, it will indicate that the BNB/USDT pair could swing between $745 and $635 for a few days.
Contrarily, if the price turns down from the moving averages, it will indicate selling on minor rallies. That increases the likelihood of a break below $635. If that happens, the pair may slide to $596 and then to $557.
Dogecoin price analysis
Dogecoin (DOGE) has been gradually dropping toward the support line of the descending channel pattern, indicating that the bears are in charge.
DOGE/USDT daily chart. Source: Cointelegraph/TradingView
Buyers are expected to defend the support line, but if the bears prevail, the DOGE/USDT pair could retest the Feb. 3 intraday low of $0.20. If this level also cracks, the pair could plunge to $0.15.
The first sign of strength will be a break and close above the 20-day EMA ($0.27). The pair could then rise to the 50-day SMA ($0.31), which is expected to attract strong selling by the bears.
Cardano price analysis
Cardano (ADA) turned down from the 20-day EMA ($0.79) on Feb. 18, indicating that the sentiment remains negative, and traders are selling on rallies.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
The bears will try to pull the price to the support line of the descending channel pattern, which is a critical level to watch out for. A break and close below the support line could sink the ADA/USDT pair to $0.50.
On the upside, the bulls will have to push and sustain the price above the 20-day EMA to start a move to the 50-day SMA ($0.90). Such a move suggests that the pair may extend its stay inside the channel.
Related: How long will Bitcoin’s price consolidation last?
Chainlink price analysis
Chainlink (LINK) turned down sharply from $19.25 on Feb. 18, indicating that the bears are trying to flip the level into resistance.
LINK/USDT daily chart. Source: Cointelegraph/TradingView
If the price closes below $17, it will signal the start of a deeper correction. The LINK/USDT pair could drop to the Feb. 3 low of $15.40. Buyers are expected to defend this level as a break below it may sink the pair to $13.
Time is running out for the bulls. If they want to make a comeback, they will have to push and sustain the price above the 20-day EMA ($19.61). The pair may then rally to $22, suggesting that the markets rejected the breakdown below $19.25.
Stellar price analysis
Stellar (XLM) has formed a large descending triangle pattern, which will complete on a break and close below $0.31.
XLM/USDT daily chart. Source: Cointelegraph/TradingView
The downsloping 20-day EMA ($0.34) and the RSI in the negative territory indicate advantage to sellers. If the $0.31 support cracks, the selling could intensify, and the XLM/USDT pair could drop to $0.26 and thereafter to $0.20.
Instead, if the price breaks above the 20-day EMA, it will open the doors for a possible rally to the downtrend line. Buyers will have to pierce the downtrend line to indicate that the correction may be over.
Litecoin price analysis
Litecoin (LTC) broke above the symmetrical triangle pattern on Feb. 19, indicating that the indecision resolved in favor of the bulls.
LTC/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day EMA ($121) and the RSI in the positive zone suggest the path of least resistance is to the upside. If buyers maintain the price above the resistance line, the LTC/USDT pair could surge to $147. The pattern target from the breakout of the triangle is $197.
Contrary to this assumption, if the price fails to sustain above the resistance line, it will signal a lack of demand at higher levels. The pair may then drop to the 20-day EMA, which is expected to act as a strong support.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The $LIBRA Memecoin Scam: Inside the Presidential Pump-and-Dump That Led to a $4 Billion Crash
The post The $LIBRA Memecoin Scam: Inside the Presidential Pump-and-Dump That Led to a $4 Billion Crash appeared first on Coinpedia Fintech News After Argentine President Javier Milei endorsed the LIBRA meme coin launched on February 14, 2025, it has become the subject of investigations […]
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The post The $LIBRA Memecoin Scam: Inside the Presidential Pump-and-Dump That Led to a $4 Billion Crash appeared first on Coinpedia Fintech News
After Argentine President Javier Milei endorsed the LIBRA meme coin launched on February 14, 2025, it has become the subject of investigations by experts due to a pump-dump scam. When insiders quickly sold off their shares, they withdrew $107 million, causing the coin’s value to crash and wiping out over $4 billion from its market cap within just a few hours. This report will look into how the market reacted, the overall sentiment of the community, and the effects of the coin’s launch. We’ll also explore the roles of major figures, the Argentine government, and what might happen next with the $LIBRA coin.
From Startup to Scam: All About LIBRA Meme Coin
$LIBRA is a cryptocurrency created by entrepreneur Hayden Davis, who is also the CEO of Kelsier Ventures, a crypto investment firm. Bloomberg reports that KIP Protocol, a company focused on decentralized AI technology, was involved in launching $LIBRA.
KIP claims they joined after the launch to help select tech projects and support AI efforts. The coin runs on the Solana blockchain, known for its quick and cheap transactions, popular with meme coin traders.
People could buy the token through a website named vivalalibertadproject.com, a slogan often used by Milei, whose political party is also named La Libertad Avanza.
Presidential Endorsement Ignites a Meteoric Price Surge
On the evening of February 14, Argentine President Javier Milei posted on social media that the $LIBRA token would boost Argentina’s economy and support small businesses. He linked to the token’s website, promoting it as a way to fund local companies and ventures. It was reported that the $LIBRA token was created just before Milei’s announcement and the website domain was registered the same day.
Milei claimed in his post that Argentina was attracting global investment. Initially, $LIBRA’s price started near zero and was concentrated in a few digital wallets. After Milei’s endorsement, its price skyrocketed to nearly $5, pushing its market cap over $4 billion.
However, a community warning soon appeared on his post, advising users to verify the project before engaging, suggesting it might be a scam where developers abandon the project after collecting funds. Shortly after, Milei deleted his post and claimed he wasn’t fully aware of the project details and decided to stop supporting it.
Within a few hours, the token’s value plummeted to just cents, and its market cap lost over $4.4 billion. According to The Kobeissi Letter, insiders started selling off $87.4 million worth of $LIBRA within the first three hours of its launch, and 82% of the tokens were controlled by a single group without public disclosure of the token’s economics.
Hayden Davis, the entrepreneur behind $LIBRA, admitted to keeping some profits despite the token’s sharp decline.
President’s Gamble was Unexpected
Interest among retail investors in memecoins with celebrity endorsements surged following the release of the Official Trump (TRUMP) memecoin by US President Donald Trump on January 18. This was closely followed by the launch of the Melania Meme (MELANIA) token by First Lady Melania Trump on January 19 on the Solana network, just before the President’s inauguration on January 20.
Despite admitting to the mistake by the president, he again went on to retweet a post guiding how to buy Libra memecoin. The endorsement of the Libra meme coin by the Argentine president himself is very unexpected. A promotion of a random meme coin by such a highly valued government personal is the worst thing. This move by the president has been seen as unusual and indicates his active involvement in the scam.
The scam of Libra also impacted TRUMP token, resulting in a drop of $500 million in the market cap.
Argentina Officially Launches $LIBRA Investigation
Before the collapse, other blockchain data companies had already raised concerns about the project. For example, the blockchain analysis firm Bubblemaps highlighted issues with LIBRA’s tokenomics, pointing out that 82% of the tokens were available to be sold right from the beginning.
According to a statement from Argentina’s presidential office, the Oficina del Presidente, issued on X on February 16, Milei has asked the Anti-Corruption Office to investigate himself and all other government members for possible misconduct.
Meanwhile, Milei is under pressure from political rivals calling for his impeachment following his endorsement of a cryptocurrency that led to a $100 million scam.
In his statements and tweets, Milei has denied knowing about the project beforehand. However, he has deleted these statements. Additionally, differing stories are coming from others involved. Early Monday, KIP Protocol, a crypto and AI firm that has previously worked with the Argentine government, issued a detailed statement challenging many claims about their role in the LIBRA token launch.
The firm insists that their CEO, Julian Peh, only met with President Milei once on October 19, 2024, and that meeting did not cover any specific projects, including “Viva la Libertad” or any token launches. According to the company, no other staff members had meetings with the Argentine President.
Key Players and Their $LIBRA Conspiracy Exposed
After the LIBRA coin mess, the investigative journalist Coffeezilla reached out to people connected to the 0xcEA address and its creators. He found out that Hayden Mark Devis, CEO of Kelsier Ventures, his father Tom Davis, and known scammer Arunkumar Sugadevan were behind it.
In an interview, Tom Davis confessed that their group not only made the LIBRA memecoin but also manipulated its initial sale to profit from it. They used several wallet addresses to buy early and made $6 million from these actions.
Insider Trading Tactics
The investigation into the LIBRA scam showed that the scammers behind the project used their inside knowledge to play the market to their advantage. They used multiple wallets to quickly buy up large amounts of the token as soon as it launched, a tactic known as “sniping.”
This involves purchasing a newly launched token as soon as it is released, often before regular investors have a chance to react. These early buyers then sell their large holdings a few hours later for a significant profit, leaving ordinary investors with losses.
In the LIBRA case, the snipers, linked to the wallet address 0xcEA, sold over $100 million worth of the token just as its market value peaked, capitalizing on the surge and leaving other investors with devalued assets.
Connection Between Melania and Libra Memecoin
A joint investigation by the blockchain analytics firm Bubblemaps and the pseudonymous on-chain investigator Stephen Findeisen, also known as Coffeezilla, has revealed evidence that the same group was behind the failed launches of both the LIBRA and MELANIA tokens. Bubblemaps shared on Twitter, “After analyzing cross-chain transfers and timing patterns, we’re highly confident this is the case.”
The investigation found that connected wallet activities between different projects showed how profits from one scheme were used to fund another via cross-chain transfers. For example, a key wallet on the Solana network, labeled “P5tb4,” made over $2.4 million from early trades of the MELANIA token and then transferred those funds to an Avalanche wallet “0xcEA” linked directly to the token’s creator.
Blockchain records show that the wallet 0xcEA transferred 1.6 million USDC to three Solana wallets just a few hours before the $LIBRA token was launched. These wallets then quickly bought 3.77 million $LIBRA tokens and sold them for 8.25 million USDC, making a profit of $6.65 million.
Further analysis indicates that the wallet “0xcEAe…06e2” transferred USDC from Avalanche to Solana and made payments to Dave Portnoy, suggesting that this wallet could be directly linked to the $LIBRA team.
The LIBRA token, which briefly had the support of Argentine President Javier Milei, quickly reached a multi-billion-dollar market cap before plummeting 95% when insiders pulled out $87 million. Similarly, the MELANIA token, endorsed by the U.S. first lady in January, soared in value initially but then crashed, leading to significant losses for everyday investors.
According to Bubblemaps, this group likely led several other token launches with names like TRUST, KACY, VIBES, and HOOD, all following similar patterns of quick profits followed by sharp declines.
Tracing the Same Snipers: From TRUMP to LIBRA
New data from Arkham indicates a pattern of quick large-scale purchasing by the same group behind both the TRUMP and LIBRA memecoin launches. Blockchain records show that an entity connected to the 6QS address—which sniped over $1 million worth of TRUMP tokens in the first block of its launch—went on to distribute those tokens to the 5CP wallet and related addresses, eventually selling TRUMP for substantial profits.
Shortly after President Javier Milei retweeted a “How to Buy LIBRA” post, an address linked to this same network purchased $5 million worth of LIBRA.
This rapid, high-volume buy shows the earlier TRUMP sniping strategy, suggesting a similar approach to exploiting memecoin launches and endorsements. Investigators say such repeated, large-scale tactics point to systematic insider market manipulation, bringing concerns that the individuals behind these trades are orchestrating pump-and-dump schemes across multiple projects.
Conclusion
Until the investigation concludes, we are left wondering who is really behind the scam: The President of Argentina, KIP Protocol, Kelsier Ventures, or Hayden Davis?
The LIBRA incident highlights the increasing dangers in the memecoin market. While many investors are drawn to the potential for fast returns, it’s often the insiders who actually benefit.
As more frauds are exposed, the demand for stricter regulation and greater openness in the memecoin space grows more urgent. The role of the 0xcEA wallet in the LIBRA scam showcases the darker side of the crypto space, where deceptive financial tactics and dishonesty run rampant without any checks.
Bitcoin trades in tight range as XRP, LT, OM, and GT aim to move higher
Bitcoin (BTC) has been quiet over the weekend, indicating that the bulls and the bears are waiting for the next trigger to make their move. Although traders seem uncertain in the near term, analysts remain bullish over the long term. Market analyst Gert van Lagen […]
Litecoin
Bitcoin (BTC) has been quiet over the weekend, indicating that the bulls and the bears are waiting for the next trigger to make their move. Although traders seem uncertain in the near term, analysts remain bullish over the long term.
Market analyst Gert van Lagen highlighted that Bitcoin has broken out of a megaphone pattern, which could start a parabolic rise toward the $270,000-$300,000 range by 2025. Separately, analyst apsk32 expects Bitcoin to follow gold’s rally and reach $400,000.
Crypto market data daily view. Source: Coin360
While analysts anticipate a large upward move in Bitcoin, they remain divided on the arrival of an altcoin season. One of the issues with altcoins is the rapid pace of new launches, which distributes traders’ liquidity thinly among tokens. CoinGecko co-founder and chief operating officer Bobby Ong said that 600,000 new tokens were created in January, a sharp rise from the roughly 50,000 new tokens minted every month in 2022-2023.
Could Bitcoin break above the tight range it has been stuck in for the past few days? Let’s look at the top cryptocurrencies that may move higher if that happens.
Bitcoin price analysis
Bitcoin is facing resistance at the moving averages, but a positive sign is that the bulls have not ceded much ground to the bears.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
That increases the likelihood of a break above the moving averages. The $100,000 level is likely to act as a hurdle, but it is expected to be crossed. The BTC/USDT pair could rise to $102,500 and subsequently to $106,500.
If bears want to prevent the upside, they will have to drag the price below the immediate support at $94,000. That could sink the pair to the solid support at $90,000. Buyers are expected to fiercely the $94,000 level because a break below it will complete a bearish double-top pattern. The next support on the downside is $85,000.
BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pair has been trading inside a tight range between $98,500 and $94,800. The moving averages have flattened out, and the relative strength index (RSI) is just below the midpoint, indicating a balance between supply and demand. Buyers will have to push the price above $98,500 to open the doors for a rally to $102,200.
Instead, if the price continues lower and breaks below the moving averages, it will suggest that the pair may remain inside the tight range for some more time. The short-term trend will shift in favor of the bears on a break below $94,000.
XRP price analysis
XRP (XRP) has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day exponential moving average ($2.64) has started to turn up gradually, and the RSI is in the positive zone, indicating a minor advantage for the bulls. The XRP/USDT pair could rise to the downtrend line, which is likely to act as a stiff resistance. Buyers will have to drive and maintain the price above the triangle to seize control.
Contrary to this assumption, if the price turns down and breaks below the moving averages, it will signal that the pair may remain inside the triangle for some more time.
XRP/USDT 4-hour chart. Source: Cointelegraph/TradingView
Both moving averages are sloping up on the 4-hour chart, and the RSI is in the positive territory, indicating an advantage to the bulls. A break and close above $2.84 could clear the path for a rally to the downtrend line.
Conversely, a break and close below the 20-EMA could pull the pair to the 50-simple moving average. That suggests the pair may remain inside the triangle for a while longer. The bears will be back in the driver’s seat on a break below the support line.
Litecoin Token price analysis
Litecoin (LTC) has been trading inside a symmetrical triangle pattern for several days, indicating buying near the support line and selling at the resistance line.
LTC/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day EMA ($118) and the RSI above 57 suggest that buyers have a slight edge. If the price turns up from the current level or the 20-day EMA, it will signal buying on dips. The bulls will then try to propel the LTC/USDT pair above the triangle. If they succeed, the pair could rise to $141 and then $147.
On the other hand, a break and close below the 20-day EMA will indicate that the pair may oscillate inside the triangle for a few more days. The trend will favor the bears on a close below the support line.
LTC/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pair turned down from the resistance line and broke below the 20-EMA, suggesting profit booking by short-term traders. The bears will try to sink the price to the 50-SMA, which is a critical level for the bulls to defend. If the 50-SMA gives way, the pair could slump to $112.
This negative view will be invalidated if the price turns up from the current level or the 50-SMA and breaks above the resistance line. The pair could climb to $147, where the bears are likely to pose a substantial challenge.
Related: Here’s what happened in crypto today
MANTRA price analysis
MANTRA (OM) has been in a strong uptrend, but the long wick on the Feb. 15 candlestick shows profit booking above $8.
OM/USDT daily chart. Source: Cointelegraph/TradingView
The OM/USDT pair is likely to find support at the 38.2% Fibonacci retracement level of $7.08 and then at the 50% retracement level of $6.73. A shallow pullback will increase the likelihood of the continuation of the uptrend. If the price breaks above $8.20, the pair could surge to $10.
Alternatively, a deeper pullback suggests that traders are rushing to the exit. The pair may slump to the 20-day EMA ($5.92), which is an important support to watch out for because a break below it could pull the pair to $5.27.
OM/USDT 4-hour chart. Source: Cointelegraph/TradingView
The 4-hour chart shows that the pair has been trading inside a tight range between $7.35 and $7.82. If the price turns up from the current level and rises above $7.82, the pair could rally to $8.20.
Contrarily, if the price breaks below $7.35, the pair could drop to $7.08 and, after that, to the 20-EMA. If the price rebounds off the 20-EMA, the pair will again try to resume the uptrend. Sellers will have to yank the price below the 20-EMA to start a deeper correction.
Gate Token price analysis
Gate Token (GT) closed above the downtrend line on Feb. 14, indicating that the bulls are trying to make a comeback.
GT/USDT daily chart. Source: Cointelegraph/TradingView
However, sellers are unlikely to give up easily. They will try to pull the price back below the downtrend line. If the price rebounds off the 20-day EMA ($22.22), it will signal that the bulls are buying on minor dips. That will improve the prospects of a rally to $26.
Instead, if the 20-day EMA cracks, the GT/USDT pair could skid to the 50-day SMA ($20.67). This is a crucial support to watch out for because a break below it may open the gates for a fall to $17.43.
GT/USDT 4-hour chart. Source: Cointelegraph/TradingView
The pair is trying to take support at the 20-EMA on the 4-hour chart. If the price bounces off the 20-EMA and clears the $24 resistance, the pair could climb to $25 and subsequently to $26.
On the contrary, a break and close below the 20-EMA suggests the start of a deeper correction to the 50-SMA. Buyers will have to vigorously defend the 50-SMA because a break below it may sink the pair to $21 and later to $20.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Litecoin ETF has 90% chance to get SEC approval in 2025: Analysts
Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year. Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other […]
Litecoin
Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year.
Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed, including a spot XRP (XRP), Solana (SOL) and Dogecoin (DOGE) ETF — which they see as having a 65%, 70% and 75% chance respectively.
Litecoin (LTC), which was created as a faster alternative to Bitcoin (BTC) in 2011, shares a similar proof-of-work consensus mechanism to Bitcoin.
Posting on X, the pair said that Litecoin’s path toward SEC approval may be the most straightforward as S-1 and 19b-4 forms have already been filed and acknowledged, while the SEC also likely views it as a commodity.
List of candidate crypto ETFs vying for SEC approval. Source: James Seyffart
The race for more crypto ETFs follows strong demand from the spot Bitcoin and Ether (ETH) ETFs, which have chalked up $40.7 billion and $3.18 billion worth of net inflows since launching in January and July 2024, respectively, Farside Investors data shows.
While Seyffart doesn’t think a Litecoin ETF would attract that much demand, he said it could still be worthwhile for fund companies with as little as $50 million in some cases.
“They don’t have to hit it out of the park on a flows basis to be worthwhile from an issuer perspective,” Seyffart told Cointelegraph.
Related: Crypto markets tried to stay calm… then Trump happened
The final deadline for the SEC to decide on the Litecoin, Solana, XRP and Dogecoin ETFs is between Oct. 2 and Oct. 18, Seyffart’s chart shows. A Litecoin ETF could launch before then, Seyffart said.
Seyffart and Balchunas also acknowledged that ETFs for Hedera (HBAR) and Polkadot (DOT) had been filed by Canary Capital and 21Shares but have not yet placed any approval odds at the time of writing.
Expect to see more crypto ETF filings
Seyffart said more crypto ETFs could be proposed, too, predicting US-based ETF issuers to follow a “spaghetti cannon approach.”
“Issuers will try to launch many many different things and see what sticks,” Seyffart said.
“You will probably see a long tail of ETFs holding digital assets in the long run and the ones that don’t garner interest or flows will simply liquidate.”
Balchunas noted that the odds for all of these crypto ETFs — except Litecoin — were below 5% before US President Donald Trump won the US election on Nov. 5, 2024.
Regulatory work still needs to be done with XRP, Solana
Meanwhile, questions remain over Solana and XRP’s security status, with Seyffart predicting that an XRP ETF wouldn’t be approved until the SEC’s lawsuit against Ripple is fully resolved.
Source: James Seyffart
Ripple scored a partial victory in August 2023, when it was ruled that XRP isn’t a security when sold on secondary markets — however, the SEC appealed this court decision, claiming that Ripple breached securities laws when it sold XRP to retail investors.
However, these actions were taken under the Gary Gensler-led SEC, and Ripple is now hoping that the new SEC leadership, currently led by acting chair Mark Uyeda, will withdraw the enforcement case.
The security status of Solana will also need to be resolved before the SEC can analyze Solana under a “commodities ETF wrapper,” Seyffart said last month.
Magazine: How crypto laws are changing across the world in 2025
SEC acknowledges Grayscale Solana ETF filing in ‘notable’ step
The US Securities and Exchange Commission has made a “notable” step toward approving spot Solana exchange-traded funds in the US after acknowledging Grayscale’s amended application — in what analysts say is a first for SOL ETFs. “This is actually newsworthy because the SEC had refused […]
Litecoin
The US Securities and Exchange Commission has made a “notable” step toward approving spot Solana exchange-traded funds in the US after acknowledging Grayscale’s amended application — in what analysts say is a first for SOL ETFs.
“This is actually newsworthy because the SEC had refused to do this in recent filing attempts for SOL,” Bloomberg ETF analyst James Seyffart said of Grayscale’s Feb. 6 amended 19b-4 filing for a spot Solana (SOL) ETF.
Fellow Bloomberg ETF analyst Eric Balchunas said it was a “notable” development, adding: “We are now in new territory, albeit just a baby step, but seemingly the direct result of leadership change.”
The SEC reportedly refused these spot Solana ETFs under Gensler’s watch because they believed they were incorrectly filed as commodity trust shares, finance lawyer Scott Johnsson explained.
Source: Scott Johnsson
In January, Seyffart said it may take until 2026 for the SEC to approve a spot Solana ETF, and that the review process was further complicated by ongoing lawsuits against the likes of Binance and Coinbase, which alleges SOL constitutes an unregistered security.
“The SEC’s Division of Enforcement is calling Solana a security, which prevents other SEC divisions from analyzing it for a commodities ETF wrapper,” Seyffart said at the time.
The final deadline for Grayscale’s spot Solana ETF application is now around Oct. 11, Seyffart said.
A spree of crypto ETF filings has hit the SEC’s desk over the last few weeks as ETF issuers test which products could be approved under the Mark Uyeda-led SEC.
21Shares, Bitwise, VanEck and Canary Capital are also in the running to list spot Solana ETF after Cboe BZX Exchange refiled 19b-4s on their behalf on Jan. 28, while Bitwise even proposed to list a spot Dogecoin (DOGE) ETF on the same day.
Cboe BZX also filed forms for Canary Capital, WisdomTree, 21Shares and Bitwise to list a spot XRP (XRP) ETF in the US on Feb. 6.
Litecoin still looks like it’s next in line
The SEC on Feb. 6 acknowledged Grayscale’s 19b-4 filing to list a spot Litecoin (LTC) ETF, which Seyffart believes is next in line to win SEC approval, following Bitcoin and Ethereum.
The Bloomberg ETF analysts hold this view because Canary’s S-1 filing for a spot Litecoin ETF is already being actively reviewed by the regulator, while applicants for other crypto ETFs have been slower to submit their S-1s.
Related: Inside Trump’s crypto agenda: Memecoins, SEC task force and Bitcoin reserve plans
Financial services firm JPMorgan estimated an approved spot Solana ETF could attract between $3 billion and $6 billion in net assets over the first year — a prediction Balchunas said was a fairly “reasonable guess.”
Predictions market platform Polymarket estimates there’s a 39% chance that a spot Solana ETF will be approved by the SEC before July 31.
Betting markets on the odds of a spot Solana ETF approval in the US by July 31. Source: Polymarket
Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions
America’s Bitcoin Era Begins as Trump Creates Crypto Working Group
The post America’s Bitcoin Era Begins as Trump Creates Crypto Working Group appeared first on Coinpedia Fintech News On January 23, 2025, President Donald Trump ordered the creation of a cryptocurrency working group to propose digital asset regulations and explore a national cryptocurrency stockpile. The […]
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The post America’s Bitcoin Era Begins as Trump Creates Crypto Working Group appeared first on Coinpedia Fintech News
On January 23, 2025, President Donald Trump ordered the creation of a cryptocurrency working group to propose digital asset regulations and explore a national cryptocurrency stockpile. The move aims to overhaul U.S. crypto policy, ensuring innovation, security, and global leadership in the rapidly evolving digital asset space.
Could this initiative change how countries view reserve assets and redefine the global financial system? Bitcoin’s potential to alter power dynamics in the financial world is becoming more apparent.
What Is the Bitcoin Reserve Bill?
The Strategic Bitcoin Reserve Bill is a legislative proposal aimed at establishing a national reserve of Bitcoin for the United States. The primary objectives of the bill include:
- Acquisition of Bitcoin: The federal government would systematically purchase Bitcoin to build a substantial reserve.
- Strategic Asset Development: Positioning Bitcoin as a strategic asset to enhance national financial security and leverage its potential for future economic benefits.
Key Provisions of the Bitcoin Reserve Bill
The Bitcoin Reserve Bill lays out a comprehensive strategy to incorporate Bitcoin into the U.S. financial system. Here are the major components of the law:
Establishing a National Bitcoin Reserve
The U.S. government will aim to acquire 1 million bitcoins over a five-year period. This would account for 5% of Bitcoin’s total supply, making the U.S. one of the largest holders of the cryptocurrency.
Annual Bitcoin Purchases
To reach the target, the federal government will purchase 200,000 bitcoins annually for 5 years. The funding for these purchases will come from:
- Profits generated from existing Federal Reserve deposits.
- Sales of a portion of the national gold reserves.
Creation of the Digital Asset Oversight Committee
A Digital Asset Oversight Committee will be established to oversee the acquisition, storage, and management of the Bitcoin reserve. The committee will:
- Ensure secure storage solutions for Bitcoin.
- Develop a comprehensive risk management strategy to address Bitcoin’s price volatility.
- Provide annual reports to Congress on the status and performance of the reserve.
Regulatory Clarity
The Bitcoin Reserve bill emphasizes creating a clear and consistent regulatory framework for Bitcoin and other digital assets. This includes:
- Recognizing Bitcoin as a legitimate reserve asset.
- Implementing anti-fraud and anti-money laundering measures.
- Encouraging private-sector innovation in the cryptocurrency space.
Bitcoin Reserve Stats: A Snapshot
As of January 2025, here are some key statistics to help assess the potential of the U.S. Bitcoin reserve:
- Bitcoin Market Capitalization: Approximately $2 trillion. It signifies a considerable and liquid market compared to other growing classes.
- Bitcoin Circulating Supply: About 19.8 million Bitcoins in total of 21 million; This scarce supply is one typical characteristic that is why Bitcoin is attractive as an inflation hedge.
- US GDP: The approximate US GDP for the year 2025 is around $25 trillion. This helps put the potential scale of a Bitcoin reserve into perspective in terms of the US economy.
- US National Debt: The US national debt now stands at more than $30 trillion. In the long run, this can easily be paid off by mixing the reserves with Bitcoin; however, this approach is debatable.
These are dynamic numbers. The economy changes regularly and its benchmarks change over time.
El Salvador’s Bitcoin Journey
While the US Bitcoin Reserve Bill is a landmark, the first country was El Salvador which, in September 2021, became the first country that adopted Bitcoin to be used legally. This new move has, in turn, reshaped its entire financial world. A blueprint perhaps, and a cautionary case study for many other nations wanting to do this.
Why Do El Salvador Need Bitcoin?
El Salvador had several economic issues that compelled it to turn towards Bitcoin adoption:
Remittances Dependence
Remittances make up 23% of El Salvador’s GDP, with millions of citizens receiving money from abroad. Traditional remittance services like Western Union charge high fees, reducing the amount families receive. Bitcoin offers a cheaper and faster way to transfer money.
Limited Financial Inclusion
Over 70% of Salvadorans lacked access to banking services. This meant that a majority of the population was not engaged with any form of financial system. Bitcoin and digital wallets like Chivo allow unbanked citizens to send, receive, and store money digitally. Therefore, financial services became more accessible.
El Salvador uses the U.S. dollar as its official currency, which limits the control of the monetary policy of the country. By using Bitcoin, the government was seeking to diversify its financial system and gain more independence.
El Salvador’s Steps to Implement Bitcoin
To adopt Bitcoin, El Salvador took several significant actions:
- Bitcoin Law: Passed in 2021, this law made Bitcoin legal tender alongside the U.S. dollar. Businesses were required to accept Bitcoin, but citizens could choose whether to use it.
- Chivo Wallet: The government introduced a digital wallet called Chivo, providing each user $30 in Bitcoin to encourage adoption.
- Volcano Bonds: A $1 billion Bitcoin-backed bond was launched to finance infrastructure projects, including the proposed Bitcoin City powered by geothermal energy.
- Bitcoin Purchases: The government actively bought Bitcoin for reserves, accumulating over 6,000 bitcoins by 2025.
Impact of Bitcoin Adoption in El Salvador
El Salvador’s Bitcoin adoption has had both positive and negative effects:
Benefits
- Sending money home became cheaper, saving families millions of dollars. For example, transferring $100 through Bitcoin costs less than $1, while the traditional way costs $10–15.
- Bitcoin adoption attracted Bitcoin enthusiasts and investors, increasing tourism by 30% in 2022.
- Bitcoin investments reduced dependence on the U.S. dollar and diversified the economy.
- Bitcoin adoption created tech jobs and attracted foreign businesses.
Challenges
- Despite efforts by the government, 92% of citizens rarely use Bitcoin because of skepticism and lack of understanding.
- The value of Bitcoin fluctuates, causing losses in the country’s reserves.
- Most citizens did not have the internet, making it hard to use digital wallets.
- The IMF criticized El Salvador’s Bitcoin strategy, which exposed the country to financial risks.
Comparing the U.S. and El Salvador’s Bitcoin Strategies
| Aspect | United States | El Salvador |
| Bitcoin Use Case | Strategic reserve asset | Legal tender |
| Bitcoin Holdings | 200,000 BTC ($21 billion value) | 6,044 BTC ($610 million value) |
| Annual Purchases | 200,000 BTC | No specific target |
| GDP Impact | Target reserve: 0.57% of GDP | Bitcoin holdings: 1.6% of GDP |
| Key Challenges | Market volatility, regulation | Public mistrust, infrastructure issues |
What Can the U.S. Learn from El Salvador?
El Salvador’s experience provides key lessons for the U.S.:
- Education: Many Salvadorans remain unfamiliar with Bitcoin. The U.S. must educate its citizens to ensure widespread understanding and acceptance.
- Price Volatility: Bitcoin’s price swings pose a risk to national reserves. A solid risk management strategy is crucial.
- Infrastructure: Limited internet access was a challenge in El Salvador. The U.S. must ensure it has the infrastructure to support digital asset adoption.
- Global Cooperation: The U.S. has more influence than El Salvador, but it must collaborate with international organizations to build a supportive environment for Bitcoin.
Impact on the Crypto Market and the U.S. Dollar
Crypto Market Impact
The U.S. Bitcoin Reserve is likely to have significant effects on the crypto market:
- Increased demand for Bitcoin could drive its price up, as governments buy and hold Bitcoin in their treasuries.
- Official government adoption would further legitimize Bitcoin, encouraging wider use by individuals and businesses.
- A clear regulatory framework would provide more clarity and foster further innovation in the crypto space.
Impact on the US Dollar
The concept of a potential Bitcoin reserve has implications for the US dollar, appears to be quite complex and up for debate. There are different viewpoints:
- Strengthening the Dollar: The one argument is that acceptance of Bitcoin and becoming a leader in the digital asset space would further strengthen the prestige and influence of the dollar. It would attract more investment and reinforce the dollar as a global reserve currency.
- Weakening the Dollar: Others believe that the increased use of Bitcoin as a parallel currency will weaken the dollar. If people and businesses increasingly use Bitcoin for transactions and store value in it, demand for dollars could decrease.
The actual impact will depend on various factors, including the scale of the Bitcoin reserve, the regulatory environment, and how widely Bitcoin is adopted by individuals and businesses.
What’s Next for the U.S. and Bitcoin?
The US Bitcoin Reserve Bill sets the stage for a transformative era in the U.S. financial system. By incorporating Bitcoin into its national reserves, the U.S. could:
- Strengthen its position as a global leader in cryptocurrency innovation.
- Provide stability and legitimacy to the volatile cryptocurrency market.
- Encourage further adoption of digital assets across sectors.
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- Also Read :
- Donald Trump’s Crypto Portfolio, Policy Changes, & Top Blockchain Projects: Full Report
- ,
Conclusion
The Strategic Bitcoin Reserve Bill is a significant step in the discussion about digital assets and their future role in the global financial system. However, it comes with challenges, including price volatility, regulatory uncertainty, and security concerns. The impact on the U.S. dollar remains a complex issue, with opinions divided.
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FAQs
What is the Strategic Bitcoin Reserve Bill?
The Strategic Bitcoin Reserve Bill is a U.S. law to establish a national Bitcoin reserve, acquiring 1M BTC over five years to boost financial security.
How much Bitcoin does the U.S. have?
The U.S. plans to hold 1M BTC by 2030. Currently, it has acquired 200,000 BTC as part of its five-year Strategic Bitcoin Reserve strategy.
How many Bitcoin ATMs are in the USA?
As of 2025, there are over 30,000 Bitcoin ATMs in the United States, making it the country with the highest concentration of Bitcoin machines.
Donald Trump’s Crypto Portfolio, Policy Changes, & Top Blockchain Projects: Full Report
The post Donald Trump’s Crypto Portfolio, Policy Changes, & Top Blockchain Projects: Full Report appeared first on Coinpedia Fintech News Donald Trump’s changing stance on cryptocurrencies is a fascinating story of transformation. From being a vocal critic to actively supporting blockchain innovation, his shift has […]
Research report
The post Donald Trump’s Crypto Portfolio, Policy Changes, & Top Blockchain Projects: Full Report appeared first on Coinpedia Fintech News
Donald Trump’s changing stance on cryptocurrencies is a fascinating story of transformation. From being a vocal critic to actively supporting blockchain innovation, his shift has had a significant impact on the digital asset world. His policies, personal investments, and crypto-focused initiatives have positioned him as an influential figure in the crypto space.
How did it all happen? Time for a deep dive. Join in.
Evolution of Trump’s Crypto Stance
Trump’s journey with cryptocurrencies has evolved dramatically, starting from skepticism and shifting toward strong advocacy.
2019: Active Critic of Cryptocurrencies
In July 2019 Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
made several strong criticisms against Bitcoin and other cryptocurrencies. He tweeted:
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activities.”
During that time, Trump’s administration also proposed tighter regulations on digital currencies, claiming that illicit activities were being conducted.
2021-2023: Gradual Shift Toward Acceptance
As time passed, Trump softened his stance. After leaving the White House, he spoke positively about blockchain in interviews, suggesting it could help modernize the financial system. While still cautious about Bitcoin’s volatility, he became more open to blockchain’s potential for innovation.
2024: Campaign Messages: Pro-Crypto
In his 2024 presidential election, Trump made a direct move to be pro-crypto. In his agenda, he promised to enhance blockchain innovation, relax the regulations, and be the first in the digital economy in the United States.
2025: “The First Crypto President”
By 2025, Trump had fully embraced cryptocurrency and was known as the “First Crypto President.” His policies and personal investments reflected a push for the widespread adoption of blockchain in the U.S. economy.
Donald Trump’s Crypto Portfolio
According to the data from crypto intelligence firm Arkham, as of January 2025, Trump’s cryptocurrency portfolio has experienced multiplying growth. His holdings reveal a strategic approach to digital asset investments.
Portfolio Overview
- Total Value: $15.8 million (up from $1.3 million in January 2024).
Key Assets:
- TROG Tokens: 210 billion tokens valued at $9.5 million.
- Trump Coins: 579,000 tokens valued at $1.66 million.
- Ethereum (ETH): Approximately $1.60 million in value.
Market Performance
In January 2025, Trump’s portfolio increased by $2.7 million. This was due to an increase in investor confidence after the announcements of crypto-friendly policies from his administration.
Donald Trump’s Crypto Project: WLFI
One of Trump’s most ambitious crypto projects is World Liberty Finance, which aims to create a global financial ecosystem powered by blockchain.
Project Overview
- Token Name: WLFI (World Liberty Finance Token).
- Total Token Supply: 100 billion WLFI tokens.
- First Raise: $300 million, 20% of tokens sold.
- Current Token Sale: Sold an additional 5 billion tokens at $0.05.
- Projected Additional Raise: $250 million.
Key Investors
- Justin Sun: TRON founder who has invested $75 million in WLFI:
- Initial investment: $30 million.
- Additional investment: $45 million.
- Transaction Volume: The platform has processed more than $889 million through its Safe Protocol institutional account, which shows a lot of activity within its ecosystem.
The platform has processed over $889 million through its Safe Protocol institutional account, indicating substantial activity within its ecosystem.
World Liberty Finance aims to simplify global transactions, lending, and investments by decentralizing financial systems. This project is designed to assist underbanked communities and make financial growth more accessible.
Trump Cryptocurrency Tokens: $TRUMP and $MELANIA Memecoins
In January 2025, President Donald Trump and First Lady Melania Trump launched two memecoins: $TRUMP and $MELANIA. It was a great entry into the cryptocurrency market.
$TRUMP Memecoin
- Blockchain: It was launched on the Solana blockchain. It is a high-speed transactional blockchain and scalable.
- Market Capitalization: The market cap crossed over $9 billion in two days after the launch.
- Launch Price: Sold at $0.18 per token.
- Peak Price: The two days topped it at $75.35 since the market had a lot of interest in it.
- Ownership: The tokens are held by Trump-affiliated entities, especially CIC Digital LLC and Fight Fight Fight LLC, about 80%.
$MELANIA Memecoin
After the release of $TRUMP, first lady Melania Trump launched the $MELANIA memecoin.
- Market Cap: Within days, it reached a market cap of about $810 million.
- Rapid Adoption: Its prices skyrocketed in no time after its creation.
Trump Administration’s New Cryptocurrency Regulations
President Donald Trump’s administration has introduced several initiatives to position the United States as a leader in blockchain and cryptocurrency innovation:
Establishment of the U.S. DOGE Service
In early 2025, President Trump signed an executive order renaming the U.S. Digital Service to the U.S. DOGE Service, integrating it within the Executive Office of the President. This move aims to reduce federal spending and bureaucracy, with elon musk
elon musk
Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor's degree in Arts and physics, and the Wharton School, earning a bachelor's degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion.
NAsales@teslamotors.com
EntrepreneurInvestorChief Executive Officer
appointed to lead the department.
Presidential Council on Cryptocurrencies
According to Forbes report, President Trump plans to sign executive orders to elevate cryptocurrency to a national policy priority and form a Presidential Council on Cryptocurrencies. This council is expected to provide guidance on integrating digital assets into the U.S. financial system.
Support for ‘Made in USA’ Crypto Projects
The administration is anticipated to promote domestic blockchain projects, encouraging innovation within the United States. This initiative aligns with the broader goal of establishing the U.S. as the “crypto capital of the planet.”
These actions reflect a strategic effort to integrate cryptocurrencies into the national economy, fostering innovation while addressing regulatory challenges.
Problems and Ethical Issues in Trump’s Crypto Policies
While Trump’s pro-crypto policies have generated excitement, they’ve also raised ethical concerns.
Critics have pointed out potential conflicts of interest, particularly with the launch of the $TRUMP and $MELANIA memecoins. They argue that Trump’s policies may unfairly benefit him personally. Additionally, the volatility of $TRUMP’s price raised concerns about market speculation and manipulation.
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Outlook
Donald Trump’s journey into the world of cryptocurrency has been nothing short of remarkable, transforming from a skeptic to a vocal supporter. Through his investments and ambitious projects like World Liberty Finance, he’s helping to shape the future of U.S. crypto policy.
While his approach has sparked both excitement and ethical concerns, it highlights the rising influence of blockchain technology in global finance. If Trump continues backing cryptocurrency, his legacy could play a major role in making the U.S. a leader in blockchain innovation for years to come. A story for the books!
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FAQs
What is World Liberty Finance (WLFI)?
WLFI is Trump’s blockchain project aiming to simplify global financial systems and promote decentralized finance innovation.
What are Donald Trump’s crypto holdings in 2025?
Trump holds TROG tokens ($9.5M), Trump Coins ($1.66M), and Ethereum ($1.6M), totaling $15.8M in value.
What pro-crypto policies has Trump implemented in 2025?
Trump introduced a Presidential Council on Cryptocurrencies and promoted domestic blockchain projects to position the U.S. as a crypto leader.
Inside MicroStrategy’s Bitcoin Holdings Over the Years: 447,470 BTC and Counting!
The post Inside MicroStrategy’s Bitcoin Holdings Over the Years: 447,470 BTC and Counting! appeared first on Coinpedia Fintech News The report discusses microstrategy microstrategy – Business Intelligence strategies for acquiring Bitcoins since 2019, its history of purchases, funding methods, stock performance, measures taken for custodianship, […]
Research report
The post Inside MicroStrategy’s Bitcoin Holdings Over the Years: 447,470 BTC and Counting! appeared first on Coinpedia Fintech News
The report discusses microstrategy
microstrategy
–
Business Intelligence
strategies for acquiring Bitcoins since 2019, its history of purchases, funding methods, stock performance, measures taken for custodianship, and whether it is really challenged by big regulatory hurdles.
Key Findings:
- Total Bitcoins: 447,470 as of January 2025
- Total Investment: $27.97 billion.
- Market Value: $16.5 billion (at $36,900 per BTC).
- Cost per Bitcoin averaged: $ 62,503
- Market value today: Approximately $ 16.5 billion on a trading value of $36,900 per Bitcoin.
- Stock Performance: MicroStrategy’s stock price has shown extraordinary growth since the company adopted a Bitcoin-focused strategy in August 2020. Over the past 4.5 years, the share price has increased by 1,600%, far outperforming the S&P 500 technology index.
- Unique Positioning: Bitcoin is the biggest corporate holder in the world, beating its peers like Tesla and Square.
The Evolution of MicroStrategy
Founded by Michael Saylor
Michael Saylor
Michael Saylor is a co-founder of Strategy (formerly MicroStrategy). Before founding Microstrategy, he was a rocket scientist and studied aeronautics and astronautics at MIT on an Air Force scholarship. He dubs Bitcoin 'Digital Gold'.
He made some early investment in Bitcoin as soon as he realized it was going to be the next big thing in shaping decentralized finance from traditional finance. His firm Strategy has made Bitcoin their primary treasure reserve.
Quick Facts
Full Name
Michael J. Saylor
Birth
04-02-1965 in Lincoln, Nebraska
Education
BSc from MIT
Marital Status
To be updated / Unmarried
Nationality
American
Net Worth
$8.4B (Feb. 20205, Refer for realtime)
As per Forbes, Saylor bought another 17,732 bitcoins for $175 million in October 2020. Forbes covered Michael Saylor on its front page and called him "The Bitcoin Alchemist" as the latter's Net Worth hit a whopping $7.6B in January 2025.
Michael Saylor – Career Timeline
1983–1987: Studied Aeronautics & Astronautics and Science, Technology & Society at Massachusetts Institute of Technology (MIT).
1989: Co-founded MicroStrategy (Strategy).
1998: MicroStrategy IPO – Took MicroStrategy public on the NASDAQ at $12 per share.
2000: Accounting Scandal & Crash – MicroStrategy's stock plunged 62% in a day due to an accounting misstatement, wiping out billions in valuation.
2004–2019: MicroStrategy Rebuilds – Worked towards cloud-based analytics and AI-driven business intelligence, regaining stability.
2020: Bitcoin Strategy & Investment – Led MicroStrategy’s $425M Bitcoin investment. He made it the first publicly traded company to adopt Bitcoin.
2021: Bitcoin Evangelism – Became one of Bitcoin’s most vocal advocates, encouraging corporations and institutions to adopt BTC and blockchain.
2022: Stepped Down as CEO – Transitioned to Executive Chairman to focus entirely on Bitcoin strategy.
With a major focus on blockchain network growth, Saylor is considered one of the architects in shaping the growth of decentralized finance.
Useful Links to connect with Michael Saylor
Platform
Link to connect
Twitter (X)
Michael Saylor
MicroStrategy (Strategy) Official Website
MicroStrategy
Michael Saylor’s YouTube Channel
https://www.youtube.com/c/MichaelSaylor
Hope.com (Bitcoin Education by Saylor)
Bitcoin is Hope
msaylor@microstrategy.com
EntrepreneurCrypto and Blockchain ExpertAuthor
and Sanju Bansal in 1989, MicroStrategy began as a company that provided business intelligence and analytics software. The company was recognized for its innovative enterprise analytics, cloud solutions, and data insights products and services. By 2020, MicroStrategy, struggling in software sales under Saylor, made a dramatic transition into Bitcoin investment.
- Headquarters: Tysons Corner, Virginia, USA.
- Core Business: Enterprise software development and data intelligence solutions.
- Annual Revenue: $500 million (2024 estimate).
Michael Saylor
A self-proclaimed Bitcoin advocate, Michael Saylor has been a strong force behind MicroStrategy’s turn towards cryptocurrency. He, as the Executive Chairman and earlier CEO of the company, led its efforts in this direction, referring to Bitcoin as the superior asset class that could protect shareholder value during an unstable economy and inflation.
Switch to Bitcoin Treasury Strategy
Why Bitcoin?
- Inflation Hedge: Saylor said that fiat currencies risk devaluation due to aggressive monetary policies undertaken during the COVID-19 pandemic.
- Reserve Asset Innovation: Bitcoin represented a digital equivalent of gold and thus had strong potential for appreciation.
- Corporate Strategy: The goal was to make shareholder returns by investing in Bitcoins.
Timeline of Strategic Bitcoin Announcements
Key Events in Bitcoin Adoption:
1. August 2020: Initial Bitcoin Purchase
- Details: Purchased 21,454 BTC for $250 million, with an average price of $11,653 per Bitcoin.
Reasoning:
- Hedge against inflation.
- Preserve corporate treasury value.
- Anticipate Bitcoin’s long-term appreciation.
2. September 2020: Bitcoin Becomes Reserve Asset
- CEO Michael Saylor announced Bitcoin as the company’s new reserve asset, replacing traditional strategies.
Motivation:
- Growing distrust in fiat currencies due to macroeconomic uncertainty, exacerbated by the COVID-19 pandemic.
- Saylor’s personal belief in Bitcoin’s potential as a “digital gold.”
3. December 2020: Increased Investment
- Purchased 29,646 BTC for $650 million at an average price of $21,925 per Bitcoin.
- Funded the acquisition using convertible senior notes.
4. Subsequent Acquisitions (2021-2025)
- The company continued acquiring Bitcoin using proceeds from share sales and debt issuances.
- Purchases were guided by extensive internal research and consultations with financial experts.
MicroStrategy Bitcoin Holdings
| Year | BTC Purchased | Cumulative Holdings | Total Investment (USD) | Average Purchase Price (USD) | Market Context |
| 2020 | 29,646 | 51,100 | $650 million | $21,925 | Year-end strategic investment |
| 2021 | 13,005 | 83,557 | $489 million | $37,617 | Mid-year investment expansion |
| 2022 | 24,000 | 107,557 | $1.4 billion | $52,093 | Leveraging market opportunities |
| 2023 | 16,796 | 136,686 | $825 million | $68,324 | Continued aggressive acquisition |
| 2024 | 52,000 | 225,686 | $4.6 billion | $88,461 | Record quarterly purchase |
| 2025 | 1,070 | 447,470 | $101 million | $94,392 | Continued strategic accumulation |
Public Disclosures & Transparency
Disclosure mechanisms set forth by MicroStrategy cover the company’s Bitcoin acquisition and holding strategy entirely and transparently:
Quarterly Earnings calls
Earnings call transcripts feature detailed discussions through which stakeholders find updates on acquiring Bitcoins, raising funds, as well as associated impacts on overall financial performance. The calls may also indicate what Bitcoin investments intend to do as part of company-wide goals and objectives.
SEC Filings
- 8-Ks and 10-Qs make SEC filings under which there have been disclosures
- Number of Bitcoin acquired.
- Total acquisition cost.
- Accounting accounting provisions for holding (f. Ex. impairment costs U.S. GAAP).
- Risks of Bitcoin investments.
Press Releases and social media
Major bitcoin acquisitions are done through press releases and widely shared on social media platforms. MicroStrategy’s Executive Chairman, Michael Saylor, usually gives moment-by-moment updates to X, formerly Twitter.
Regulatory Considerations
MicroStrategy follows the SEC requirements for material disclosing, such as:
- Prompt reporting of significant purchases of Bitcoin.
- All-in expenses, market price, and accounting principle of financial statement.
- Impairment charges are reported transparently in the financial statement whenever the market price of Bitcoin goes below its cost.
Funding & Capital-Raising Methods
Convertible Debt Offerings
MicroStrategy has made several convertible notes to fund Bitcoin purchases. These include:
- Dec 2020: $650 million at 0.75% interest due in 2025.capital
- Feb 2021: $1.05 billion at a conversion price of $1,432.50 per share.
Equity Offerings
Stock issuances, including ATM programs, have provided additional :
- 2022: Raised $500 million.
- 2024: Will raise $2 billion in ATM offerings.
- Corporate Cash Flow Utilization
Financing Approaches
MicroStrategy has taken a balanced approach to fund its Bitcoin purchases:
1. Internal Cash Balances:
- Used $250 million of existing treasury balances in its first purchase.
- Tapped operational cash flow from its profitable enterprise software business to augment purchases.
2. Creative Financing:
- Convertible Notes: Issued convertible debt, raising billions of dollars at low interest rates, taking advantage of market conditions.
- At-the-Market (ATM) Equity Sales: Sold shares to raise additional capital for Bitcoin purchases.
- Perpetual Preferred Stock: Issued equity instruments to diversify funding sources.
Financial Breakdown
Total Investment in Bitcoin: $27.97 billion (as of 2024).
Sources of Funding:
- 40% from internal reserves.
- 35% from debt financing.
- 25% from equity offerings.
Impact on Balance Sheet
- Leverage Ratio: The debt-to-equity ratio increased significantly post-2020.
- Liquidity: Keep $800 million cash on hand to run the business.
Stock Implication for MSTR
Stock Performance
- MicroStrategy shares increased from $124 in August 2020 to $1,982 in January 2025.
- There is a direct relationship between the stock price and the price of Bitcoin.
- The share price peaked at $2,456 in November 2024.
Investor Psychology
Market Attitude
- Institutional Buyers: The institutional investors do not buy much because they prefer to invest in MicroStrategy as a long-term proxy for Bitcoin, with the name reflecting the business relationship between the two.
- Retail Investors: There is high demand from retail investors who view MicroStrategy’s stock (MSTR) as a proxy for holding Bitcoin directly.
Stock Performance:
- MSTR had a 244% return in 2024 and 1,600% over four years.
- It currently trades at a premium of 2.783 times Bitcoin-equivalent net asset value.
Risk Factors
- Impairment Losses: Accounting standards require MicroStrategy to recognize unrealized losses when the price of Bitcoin falls.
- Regulatory Scrutiny: Legal risks are still present due to the ambiguous regulatory environment of cryptocurrency.
Wallet Addresses & Custody Strategy
Security Protocols
- Primary Custodian: The firm owns its Bitcoins with Coinbase Custody, which provides institutional-grade custody and cold storage.
- Multi-Signature Wallets: These require multiple private keys to sign transactions, improving security and reducing the risk of unauthorized access.
- Geographical Dispersion of Storage: Private keys are stored in various geographically dispersed vaults to avoid single points of failure.
Risk Mitigation
- Insurance Coverage: Wider ranges of insurance cover all risks posed by theft or loss of Bitcoin.
- Security Audits: Internal audits and third-party audits are carried out regularly to ensure compliance with institutional security standards.
Security Measures
- Private keys are kept in geographical dispersion vaults.
- Insurance covers theft or loss.
- Publicly Known Wallets
- MicroStrategy keeps its wallet information private to avoid security weaknesses.
Corporate Governance
Leadership Dynamics
- Michael Saylor: Being the one to design the Bitcoin strategy at MicroStrategy, Saylor has played a big role in how the company operates. His aggressive public presence helped bolster the confidence for enthusiasts and investors.
- Board of Directors: This board has nine independent directors. It has made an open announcement supporting the Bitcoin strategy while maintaining concerns over the shareholders’ apprehension.
Shareholder Considerations
Equity offerings to support Bitcoin purchases cause shareholders to be concerned about dilution.
Shareholders continue to be concerned with the firm’s reliance on Bitcoin as the market is very volatile.
Possible Regulatory and Market Trends
Regulatory Environment
- Higher Scrutiny: The SEC has been watching public companies that own cryptocurrencies, specifically the accounting treatment and reporting of digital assets.
- New Accounting Principles: The Financial Accounting Standards Board is set to adopt changes in impairment loss, which would allow firms to include the fair market value of cryptocurrencies in their balance sheets.
Compliance Strategy
- Proactively interacting with regulatory agencies in response to any issues.
- Tailoring reporting formats to change over time based on new guidance.
- Providing ample disclosures for the sake of clarity.
Bitcoin Market Trend
According to analysts, Bitcoin will increase to $200,000 in 2025, giving MicroStrategy substantial benefits. Inflation and monetary policies will dictate Bitcoin’s path.
- Bitcoin Position: MicroStrategy will own 447,470 BTC by 2024, which is the biggest corporate treasury in Bitcoin.
- Funding Modes: The use of innovative financing modes, including convertible notes and ATM equity sales, has made it possible to maintain the acquisition strategy.
- Implication for MSTR Stock: MSTR stock tends to mirror the performance of Bitcoin in its market dynamics and thus offers the investor a singular exposure to the cryptocurrency market.
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Future Outlook
- Continuation of Bitcoin Accumulation Strategy: The company would continue to accrete Bitcoins while using existing and novel financing modes.
- Market Impact: MicroStrategy’s aggressive move may become a template for other firms looking to embrace cryptocurrencies as their reserve assets.
Market Volatility
- Bitcoin’s price is known for significant fluctuations, with potential quarterly variations of 40-50%.
- A substantial portion of MicroStrategy’s assets is tied to Bitcoin, exposing the company to financial instability during downturns.
Regulatory Risks
- Regulatory uncertainty looms over the cryptocurrency market, with:
- Potential SEC scrutiny of corporate crypto holdings.
- Differences in regulations across countries, complicating compliance.
Strategic Vulnerabilities
- Overconcentration: With most of its treasury invested in a single volatile asset, MicroStrategy faces liquidity risks.
- The firm is highly dependent on Bitcoin’s performance, leaving it vulnerable to market downturns.
Risk Mitigation Strategies
To address these challenges, MicroStrategy could implement the following measures:
1. Diversification
- Gradually diversify treasury holdings into other cryptocurrencies or traditional assets like bonds and equities.
- Maintain higher levels of cash reserves for liquidity.
2. Hedging Strategies
- Use financial derivatives such as options or futures to hedge against Bitcoin price declines.
- Conduct regular risk assessments to balance exposure.
3. Governance and Transparency
- Increase transparency through frequent updates to stakeholders.
- Strengthen board oversight of Bitcoin-related decisions.
Expert Opinions on MicroStrategy’s Strategy
- Many financial experts caution against overreliance on a single asset, emphasizing the need for balanced investment strategies.
- Critics warn of potential liquidity constraints and reputational risks in the event of prolonged Bitcoin price declines.
- Analysts suggest that MicroStrategy should adopt a multi-asset investment framework to ensure long-term sustainability.
MicroStrategy’s transformation from a software company into a Bitcoin-focused company speaks volumes about the value of cryptocurrencies for corporate treasury management. While there are certain risks associated with the operation, it has helped the company generate value worth millions of dollars and become a trendsetter in its very own venture of digital assets. Its strategy might lead other companies to include cryptocurrencies in their financial paradigm as well.
FAQs
How much Bitcoin does MicroStrategy hold?
MicroStrategy holds 447,470 BTC as of January 2025, making it the largest corporate holder of Bitcoin.
What is the total investment of MicroStrategy in Bitcoin?
MicroStrategy’s total Bitcoin investment is $27.97 billion as of 2024, reflecting its aggressive acquisition strategy
How does MicroStrategy fund its Bitcoin purchases?
MicroStrategy funds Bitcoin purchases through convertible notes, equity offerings, and internal cash reserves, diversifying financing sources.
Who Owns the Most Government Bitcoin Holdings in 2025? Top 9 Players Revealed
The post Who Owns the Most Government Bitcoin Holdings in 2025? Top 9 Players Revealed appeared first on Coinpedia Fintech News As of January 2025, governments around the world collectively hold approximately 471,000 Bitcoin (BTC), a staggering 2.5% of the total Bitcoin supply. With the […]
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The post Who Owns the Most Government Bitcoin Holdings in 2025? Top 9 Players Revealed appeared first on Coinpedia Fintech News
As of January 2025, governments around the world collectively hold approximately 471,000 Bitcoin (BTC), a staggering 2.5% of the total Bitcoin supply. With the current market price sitting at $34,750 per Bitcoin, this amounts to a mind-blowing $16.37 billion. But how did these governments come to own such vast amounts of Bitcoin?
Governments have acquired Bitcoin in various ways, including criminal asset seizures, strategic purchases, and public donations. Increasingly, they are exploring how to use Bitcoin as both a financial asset and a tool for modernizing economic systems.
Top Government Bitcoin Holdings in 2025
| Rank | Country | Bitcoin Holdings (BTC) | Approximate Value (USD) | Primary Acquisition Method | Notes |
| 1 | United States | 212,000 | $7.37 billion | Criminal seizures (Silk Road, Bitfinex, etc.) | Largest holder; reserves impact the market significantly. |
| 2 | China | 194,000 | $6.74 billion | Seized from the PlusToken Ponzi Scheme | Retains Bitcoin despite crypto trading ban. |
| 3 | United Kingdom | 61,000 | $2.12 billion | Seizures from money laundering and fraud operations | Proactively auctions Bitcoin to fund law enforcement efforts. |
| 4 | Bhutan | 13,029 | $780 Million | Bitcoin Mining | Bitcoin mining through renewable hydropower |
| 5 | El Salvador | 5,800 | $201 million | Actively purchased for national adoption strategy | First country to adopt Bitcoin as legal tender. |
| 6 | Ukraine | 1,200 | $41.7 million | Public donations during the Russia-Ukraine conflict | Bitcoin used for humanitarian and military funding. |
| 7 | Finland | 1,890 | $65.6 million | Seized during narcotics trafficking investigations | Sold some Bitcoin to fund social programs. |
| 8 | Germany | 0 | $0 | Seizures from cybercrime (previously held 46,359 BTC) | Exploring the potential use of Bitcoin for a national digital asset fund. |
| 9 | India | 450 | $15.6 million | Seized in crypto fraud investigations | Exploring potential use of Bitcoin for a national digital asset fund. |
1. United States
The U.S. holds the largest government Bitcoin reserve, mostly obtained through enforcement actions against cybercriminals and dark web markets.
- Bitcoin Holdings: 212,000 BTC
- Approximate Value: $7.37 billion
Accumulation Source:
- Silk Road shutdown that led to the seizure of 69,370 BTC.
- Bitfinex hack case where the government recovered 94,636 BTC from hackers in 2022.
- Jimmy Zhong’s arrest in 2022 where 50,676 BTC were seized.
Current Status: The U.S. typically auctions off part of its holdings, while retaining a significant portion for long-term storage or study. These actions can influence the market, as past sales have affected Bitcoin prices.
2. China
China holds the second-largest Bitcoin reserve, thanks to its crackdown on fraudulent schemes.
- Bitcoin Reserves: 194,000 BTC
- Estimated Worth: $6.74 billion
Accumulation Source: China’s Bitcoin was mainly acquired through the PlusToken Ponzi Scheme, where the scam made off with more than $2 billion in Bitcoins and Ethers.
Current Status: Although it has banned all crypto trading activities, China is keeping its confiscated Bitcoin rather than liquidating it and may be hoarding it to hedge against the continued rise of digital currency as a global currency.
3. United Kingdom
Due to the forceful effort to curb financial crimes related to using digital assets, the United Kingdom has become one of the leading powers.
- Bitcoin Holdings: 61,000 BTC
- Estimated Worth: About $2.12 billion in value
Accumulation Source: Bitcoin seized from illegal money laundering and fraud activities, including cases related to Chinese operators running illegal exchanges.
Current Status: The UK government often auctions seized Bitcoin, using the proceeds to fund law enforcement efforts.
4. Bhutan
Bhutan now accounts for the sum of 13,029 BTC which is worth over $780 million, being considered the world’s fourth biggest state Bitcoin owner. This portfolio in terms of shares makes it equate to about 25% of Bhutan’s GDP, where the big BTC reserve reflects this distinct approach from other countries integrating crypto into national economics.
- Bitcoin Holdings: 13,029 BTC
- Estimated Worth: $780 million.
Accumulation Source: Unlike other governments that are acquiring Bitcoin by seizure or purchase, Bhutan acquired its Bitcoin from its investment in Bitcoin mining with the use of its vast, sustainable hydropower resources.
Current Status: It is a greener strategy as it supports the country’s policy of more extensive renewable energy commitments, which has placed Bhutan at the centre of the fast-emerging area of cryptocurrency and environmental sustainability.
5. El Salvador
El Salvador made history as the first country to adopt Bitcoin as legal tender. Its Bitcoin holdings are actively being purchased as part of a broader national strategy.
- Bitcoin Holdings: 5,800 BTC
- Approx. Value: $201 million
Accumulation Source: Purchased as part of the country’s Bitcoin adoption plan, including the “1 Bitcoin per Day” program launched in late 2022.
Current Status: Bitcoin is used for various purposes in El Salvador, including funding infrastructure development and promoting financial inclusion through the Chivo Wallet.
6. Ukraine
Ukraine’s Bitcoin holdings are primarily sourced from public donations during the ongoing conflict with Russia.
- Bitcoin Reserves: 1,200 BTC
- Estimated Value: $41.7 million
Accumulation Source: In February 2022, the Ukrainian government made its Bitcoin wallet addresses public on social media and sought donations to supplement its military’s funding. Many people and institutions from all over the world donated to this effort.
Current Status: Despite the government taking in more than 1,300 BTC, the active utilization of these funds for humanitarian and military purposes has resulted in 1,200 BTC being set aside.
7. Germany
Germany has been known to confiscate large amounts of Bitcoin from cybercrime operations. As of January 2025, however, the country no longer maintains any Bitcoin reserves.
- Previous Balance: 46,359 BTC
- Liquidation Value: $1.58 billion
Source: Seizures of bitcoins from online piracy sites and dark web activities.
Present Situation: In mid-2024, Germany sold its entire Bitcoin, which caused its market value to depreciate by 15%.
Newly Emerging Players In 2025
1. Finland
Finland gained publicity after it confiscated 1,890 BTC in some cases of narco-trafficking.
- Number of Bitcoins Owned: 1,890 BTC
- Estimated Value: $65.6 million
Policy: Finland used part of the Bitcoin proceeds to finance social programs, thus being pragmatic in its use of the digital asset’s revenue.
2. India
India confiscated 450 BTC in 2024 as part of a crackdown on crypto-related scams.
- Bitcoin Holdings: 450 BTC
- Estimated Value: $15.6 million
Future Potential: The Indian government is considering incorporating confiscated Bitcoin into its economic development policies, and talks are still being held regarding the establishment of a national digital asset fund.
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Bitcoin’s Growing Role in Geopolitics and Financial Strategy
Governments holding large amounts of Bitcoin have significant influence over the cryptocurrency market. Liquidations, such as Germany’s 2024 sale, can trigger price fluctuations, while announcements of acquisitions or retention may boost market confidence.
Bitcoin is increasingly being seen as a tool for geopolitical strategy. Countries like El Salvador and Ukraine are using it for economic development and wartime funding, while larger economies like the U.S. and China are using their holdings to manage illegal activities and regulate the digital asset market.
Governments’ involvement in Bitcoin reflects the intersection of law enforcement, financial strategy, and technological advancement.
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document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}
} catch (e) {
console.error(‘Error parsing response:’, e);
}
},
});
}
function closeModal(template_id) {
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal
if (modal) {
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function() {
modal.style.display = ‘none’;
}, 500);
} else {
console.warn(‘Modal not found:’, modalId);
}
}
function closeunsubscribemodal() {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
if (unsubscribemodal) {
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);
}
setTimeout(function() {
unsubscribemodal.style.display = ‘none’;
}, 500);
}
function closesubscribemodal() {
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
setTimeout(function() {
subscribedmodal.style.display = ‘none’;
}, 500);
if (subscribedmodal) {
subscribedmodal.classList.add(‘hide’);
subscribedmodal.classList.remove(‘show’);
}
}
function withoutLoginClicked(withoutlogin_id) {
localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);
}
document.addEventListener(‘DOMContentLoaded’, function() {
const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);
// Function to get cookies
function getCookie(name) {
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
}
// Get user token from cookies
const userToken = getCookie(‘user_token’);
if (subscribewithoutData === ‘true’ && userToken) {
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);
// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
}
});
/************************** update susbcriber content **************************** */
function initializeSubscriptionButton() {
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item) {
console.log(item.checked, ‘Initial Checkbox checked status’);
});
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});
}
function updateButtonText(anyActive) {
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan) {
if (anyActive) {
subscribeButtonSpan.textContent = ‘Subscribe Now’;
} else {
subscribeButtonSpan.textContent = ‘Unsubscribe’;
}
}
}
function updateSubscriptionButton() {
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});
// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);
}
document.addEventListener(‘click’, function(event) {
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem) {
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
}
}
});
FAQs
Which country has the most Bitcoin holders?
The United States holds the most Bitcoin among governments, with 212,000 BTC worth $7.37 billion, seized from criminal activities.
Who is the largest corporate Bitcoin holder?
MicroStrategy is the largest corporate Bitcoin holder, owning over 450,000 BTC as of January 2025, valued at more than $46.35 billion.
Who is the actual owner of Bitcoin?
Bitcoin was created by an anonymous entity, Satoshi Nakamoto, in 2009. The true identity behind the name remains unknown.
Canary’s amended S-1 has analysts more confident a Litecoin ETF is next
Canary Capital’s recently filed amended S-1 form for its Canary Litecoin exchange-traded fund (ETF) could signal the altcoin may be the next digital asset in the United States to get the crypto ETF treatment, following Bitcoin and Ether in 2024. According to analysts from Bloomberg, […]
Litecoin
Canary Capital’s recently filed amended S-1 form for its Canary Litecoin exchange-traded fund (ETF) could signal the altcoin may be the next digital asset in the United States to get the crypto ETF treatment, following Bitcoin and Ether in 2024.
According to analysts from Bloomberg, the filing from Canary Capital on Jan. 15 seemingly confirmed industry “chatter” that Litecoin applications are being reviewed by the securities regulator.
“[This] bodes well for our prediction that Litecoin is most likely to be the next coin approved,” Bloomberg ETF analyst Eric Balchunas said on X — though he added that looming leadership change at the Securities and Exchange Commission remains a “huge variable.”
Amended S-1 registration statements like Canary’s filing are often made after the prospective ETF issuer has received feedback from the SEC.
However, Bloomberg ETF analyst James Seyffart noted that Canary’s S-1 must be accompanied by a 19b-4 filing to start the potential approval or denial “clock.”
Solana is further ahead on this front, as ETF issuers Bitwise, VanEck, 21Shares and Canary filed 19b-4s for a spot Solana (SOL) ETF in November.
Source: Eric Balchunas
Canary amended provisions in its S-1 form related to its proposed agreements with crypto custodians Coinbase and BitGo in addition to various accounting, marketing, legal and tax matters.
If approved, Litecoin (LTC) would become the third spot crypto ETF approved in the United States after Bitcoin (BTC) and Ether (ETH).
It comes as Litecoin rallied over 15% across Jan. 15-16 — outperforming all cryptocurrencies with a market cap of over $8 billion in that timeframe, CoinGecko data shows.
Blockchain analytics firm Santiment attributed the rise to Litecoin whales and “sharks” scooping up a combined 250,000 Litecoin worth around $29 million since Jan. 9.
Source: Santiment
The amendment also comes days ahead of the inauguration of US President-elect Donald Trump, who has assembled the most pro-crypto administration to date.
The SEC’s current chair, Gary Gensler, will be replaced on the same day by Paul Atkins, who previously served as an SEC commissioner between 2002 and 2008 — and many expect he will provide a friendlier crypto regulatory environment.
Related: BlackRock launches new Bitcoin ETF on Cboe Canada
XRP (XRP) is also in the running to be approved in spot ETF form by the SEC.
Analysts at JPMorgan predicted an SEC-approved spot Solana and XRP ETFs would attract between $3 billion to $6 billion and $4 billion to $8 billion in net assets over the first year.
Balchunas said spot Solana and XRP ETFs raking up a combined $14 billion in that time was a fairly “reasonable guess.”
Magazine: How crypto laws are changing across the world in 2025
