Lookonchain APP

App Store
Feeds Articles

Gemini Co-founder Donates $21 Million Worth of Bitcoin to Support U.S. Crypto Legislation Drive

2 hours ago

On August 21st, the Winklevoss brothers, who are the co-founders of the U.S. cryptocurrency exchange Gemini, announced that they have donated Bitcoin worth $21 million, approximately 188.4547 BTC, to the Digital Freedom Fund Political Action Committee (PAC). The Winklevoss brothers stated that since Trump took office, not only has he fulfilled the promises made during the election but has also exceeded expectations. They hope that this unprecedented progress and momentum can continue to support President Trump and his administration in leading the United States into a golden age. The Digital Freedom Fund will focus on the following: Winning the midterm elections by identifying and supporting candidates in the primaries and midterm elections who advocate for President Trump's cryptocurrency agenda; Advocating for well-thought-out market structure legislation that enhances the freedom for the cryptocurrency industry to thrive and avoids excessive regulation and cumbersome licensing regimes; Promoting a streamlined market structure bill that clearly defines the rights of users to own, self-custody, and engage in peer-to-peer (P2P) Bitcoin and cryptocurrency transactions; Opposing central bank digital currencies (CBDCs) and seeking legislation to ban central bank digital currencies (CBDCs).
Add to Favorites Download image Share x Copy link
Relevant content

After the Federal Reserve meeting minutes were released, the crypto market experienced a downturn, with Bitcoin dropping below $114,000.

August 21st: Following the release of the Federal Reserve meeting minutes at 2:00, the crypto market witnessed a downturn. Bitcoin fell below $114,000, experiencing a short-term decline of 0.41%. Ethereum also dropped below $4,300, with a short-term decline of 1.35%.

1 seconds ago

Fed Meeting Minutes: Market Believes U.S. Economy Still Resilient

August 21st: The minutes of the Federal Reserve's July meeting were released. It was mentioned that the recent stock price hikes and the narrowing of credit spreads suggest that the market believes the overall U.S. economy remains strong. Nevertheless, the financial markets seem to have begun to distinguish among firms based on the scale and quality of their earnings. The valuation of the S&P 500 index remains above its long-term average level mainly because the market is optimistically expecting that large technology companies may gain potential benefits from the further application of artificial intelligence (AI). However, although the valuation of the small-cap stock index has increased during the intermeeting period, it is still below the historical average level. (FXStreet)

1 seconds ago

Fed Meeting Minutes: Fed Staff Lowered Inflation Outlook for June Meeting

August 21: Minutes from the Federal Reserve Meeting: Certain participants pointed out that it is neither feasible nor appropriate to wait until the impact of tariffs on inflation becomes fully evident before adjusting monetary policy. Most officials held the view that the Federal Reserve's policy was already in a favorable stance. Participants also noted that it would require time to obtain a more clear understanding of the magnitude and persistence of the impact of high tariffs on inflation. The Federal Reserve staff reduced their inflation expectations compared to the June meeting, yet they still anticipate that tariffs will lead to a rise in prices. (FXStreet)

1 seconds ago

Ethereum Reserve Concept Stocks Rebound, SBET and BMNR Both Rise Nearly 5%

On August 21st, based on market data, the Ethereum Reserve concept stocks in the US stock market showed a rebound. These include: - SharpLink Gaming (SBET.US), which rose by 4.90%; - Bitmine Immersion Technologies (BMNR.US), with an increase of 4.92%; - BTCS (BTCS.US), increasing by 6.15%; - GameSquare (GAME.US), which went up by 1.04%; - Bit Digital (BTBT.US), with a rise of 1.10%.

1 seconds ago

Fed Meeting Minutes: Several participants noted that the current federal funds rate target range may already be close to the neutral level

On August 21st, Minutes of the Federal Reserve Meeting: Several participants suggested that the current target range for the federal funds rate might not be far from the neutral level. The officials' projections for real GDP from 2025 to 2027 are similar to those prepared for the June meeting. In the Fed's July meeting, almost all participants believed that maintaining the benchmark interest rate within the range of 4.25% to 4.50% was appropriate. (FXStreet)

1 seconds ago

Fed Meeting Minutes: Tariffs' Impact More Evident in Goods Prices

August 21st. In the minutes of the Federal Reserve meeting, participants pointed out that the impact of tariffs had become more evident in commodity prices. However, the overall effect of tariffs on the economy and inflation still remained to be observed. (The Golden Ten)

1 seconds ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A whale exchanged WIF and Bonk positions for Fartcoin!

2024.12.25 11:01:14

 More

Hot Articles

Follow us

X

Follow

Telegram

Join