Official boost to cryptocurrencies / Record withdrawals from crypto funds / BlackRock bets on Bitcoin / The Libra scam continues to cause distrust and fear among savers
#1
Cardano, Solana, and Ripple on the rise
U.S. President Donald Trump has boosted the crypto market by announcing the inclusion of Cardano, Solana, and Ripple in the strategic reserve of crypto assets. Following his announcement, these coins have risen by up to 61%. Bitcoin also recovered by 10%, reaching $93,799.
#2
Bitcoin loses $2.5 billion
Cryptocurrency investment products recorded withdrawals of $3.8 billion in three weeks, with Bitcoin being the most affected. U.S. investors led the capital outflow, while Germany added funds. Factors such as the Bybit hack influenced this, although Trump’s crypto plan could reverse the trend.
#3
The effect of the crypto scam
Argentina led in the number of crypto users in Latin America. Binance, Lemon, and Belo dominate the market, with nearly 10 million users. However, according to a study by the consulting firm Sentimientos Públicos, following the memecoin Libra scandal (the scam promoted by the president of Argentina), there was a significant increase in rejection and distrust towards cryptocurrencies (and even other digital financial assets). The study also highlighted that 7 out of 10 Argentinians believe the financial system is “out of control” and “works against people.”
#4
IBIT: Bitcoin ETF
BlackRock has integrated its Bitcoin ETF (IBIT) into its model portfolios with an allocation of 1-2%. With 576,046 BTC, it controls 2.9% of the total supply. This move could boost institutional adoption of Bitcoin, despite volatility and recent ETF withdrawals.