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(Bloomberg) — Bitcoin rose alongside Asian stocks and a strengthening dollar after news that the US and China plan to hold trade talks. Most Read from Bloomberg The largest digital asset rose about 3.2% to top $97,500 on Wednesday morning in Singapore before paring gains, while second-ranked Ether climbed as much as 4.2%. The rally followed news that US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with the Chinese government this week in Switzerland, raising hopes that the world’s two largest economies can reach an agreement that may ease trade tensions. Meanwhile, India said in a…

ROMAIN COSTASECA/Hans Lucas/AFP via Getty Images New Hampshire passed legislation establishing the country’s first crypto reserve. The new law allows the state treasurer to purchase digital assets with a market cap of over $500 billion. Trump’s executive order on a national crypto reserve didn’t authorize new purchases of digital assets. Legislators in New Hampshire voted to pass a bill that establishes the first state crypto reserve. “New Hampshire is once again First in the Nation!” state governor Kelly Ayotte wrote on X. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.” The tweet is…

House Democrats registered a protest against President Donald Trump’s “corruption” at a hearing on digital assets on May 6. The members were supposed to hold discussions in order to build bipartisan support for legislations on stablecoin and crypto market structure at the ‘American Innovation and the Future of Digital Assets’ hearing. However, the Democrats chose to voice their criticism of the president’ crypto ventures during the hearing. Rep. Maxine Waters (D-CA-43) said that Trump’s first 100 days were filled with failures, chaos, and incompetence. Trump is using his crypto ventures to create an avenue to enrich himself and his inner circle. “I am…

Frank Bisignano testifies before the Senate Finance Committee on his nomination to be Commissioner of the Social Security Administration, on Capitol Hill in Washington, DC, March 25, 2025. Saul Loeb | AFP | Getty ImagesThe Senate has voted to confirm Frank Bisignano as the new commissioner of the Social Security Administration, ushering in new leadership at a federal agency that has already undergone many changes this year under the Trump administration’s Department of Government Efficiency.Bisignano, the chairman and CEO of payments and financial technology company Fiserv Inc., was nominated to serve as Social Security commissioner in December by then President-elect Donald…

The UK has ruled out the possibility of having a Strategic Bitcoin or crypto reserve, unlike the U.S. On May 6, speaking at the Financial Times Digital Asset Summit in London, Economic Secretary to the Treasury, Emma Reynolds, MP, said, “We don’t think that’s appropriate for our market.” Reynolds said the U.S. has changed course under President Trump but added: “That’s not the plan for us.” Although the U.K. isn’t as quick to follow Washington’s lead on Bitcoin accumulation, it is throwing in with the U.S. when it comes to regulatory cooperation, Reynolds explained. She also noted that talks between…

It is often said that crypto is part technology and part religion. As such, it is hardly surprising that the unfolding regulatory overhaul has been accompanied both by vigorous soul searching related to the state of crypto’s (often anti-establishment) core values and palpable excitement over potential new use cases. With the blessing of CoinDesk, I asked the panelists of our upcoming people’s regulatory roundtable at Consensus 2025—each of them crypto veterans and advocates for sensible regulation—about safeguarding crypto values in regulatory reform and about the innovation that new regulation is making possible. You can catch Kayvan Sadeghi, Connor Spelliscy, Lewis…

By Hannah Lang (Reuters) -Tensions on Capitol Hill over President Donald Trump’s various cryptocurrency ventures escalated on Tuesday and threatened to derail the digital asset sector’s hope of legislation by the end of this year as a top Democratic lawmaker stalled efforts to debate a bill. Although Congress had appeared likely earlier this year to pass legislation governing digital assets for the first time, Democrats have grown increasingly frustrated as Republican Trump and his family members have promoted their personal crypto projects. Representative Maxine Waters’ objection to a joint hearing scheduled for Tuesday effectively cancelled proceedings between the House Financial…

The recent bitcoin (BTC) price rally above $90,000 might have some holders eyeing a run to a new record topping the $109,000 hit in January. However, the path higher may not be so straightforward. The latest analysis by Glassnode shows potential for increased selling pressure from some groups of market participants at around $99,900. For a start, long-term holders — defined by Glassnode as wallets that have held coins for at least 155 days — may take profits at $99,900. This aligns with their historical behavior of selling at price levels that deliver roughly 350% paper gains. “Historically, LTHs begin…

US President Donald Trump signs executive orders relating to higher education institutions, alongside US Secretary of Education Linda McMahon (R), in the Oval Office of the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty ImagesThe Trump Administration resumed collection efforts on defaulted student loans Monday after a roughly five-year hiatus — and affected borrowers could begin feeling the financial consequences sooner than experts expected.The U.S. Department of Education released new details on what actions it plans to take, when.Here’s what to know.Federal benefits could be garnished by JuneWages at risk over the summerThe…

Figment, a major player in blockchain staking services, is actively looking to buy companies in a spree of crypto industry consolidation sparked by renewed optimism over U.S. regulatory clarity. The Toronto-based firm is targeting acquisitions between $100 million and $200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, CEO Lorien Gabel told Bloomberg. He said the firm already has term sheets out for some deals, the report added. Figment helps institutions earn rewards by staking, whereby tokens are locked to help secure blockchain networks and validate transactions supported by networks. The company currently…