Last update: Mar 28, 2025 11:16
Timezone: UTC
Get real-time FOMO alerts on our Telegram Channel
Sort by: Time FOMO Score Direction
Filter: All Bullish FOMO Bearish FOMO
@BTC_Archive Mar 17, 2025 19:44

El Salvador buys another Bitcoin today. Like clockwork. ⏰

BTC
FOMO: 90%
cointelegraph.com Mar 17, 2025 19:00

New BITCOIN Act would allow US reserve to exceed 1M: Law Decoded - The newly reintroduced Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025 by Senator Cynthia Lummis would allow the United States to potentially hold over 1 million Bitcoin (BTC) in its crypto reserves. The bill directs the government to buy 200,000 BTC annually over five years, to be paid for with existing funds within the Federal Reserve and the Treasury Department. If signed into law, the act would allow the US to hold more than 1 million BTC as long as the assets are acquired through lawful means other than direct purchases, including criminal or civil forfeitures, gifts, or transfers from federal agencies. Continue readingDemocratic lawmaker urges Treasury to cease Trump’s Bitcoin reserve plansUS Representative Gerald Connolly, a Democrat from Michigan, called on the Treasury to cease its efforts to create a crypto reserve in the United States. The lawmaker said there were conflicts of interest with US President Donald Trump and argued that the reserve would not benefit Americans.Connolly criticized the reserve in a letter addressed to Treasury Secretary Scott Bessent, arguing that there’s no “discernible benefit” to Americans and that the move would instead make Trump and his donors richer. Continue readingArgentine lawyer requests Interpol red notice for LIBRA creator: ReportArgentine lawyer Gregorio Dalbon is seeking an Interpol Red Notice for Hayden Davis, the co-creator of the LIBRA token, which caused a political scandal in Argentina. Dalbon submitted a request, seeking the Red Notice, to prosecutor Eduardo Taiano and judge María Servini, who are investigating the involvement of President Javier Milei in the memecoin project. In a filing, the lawyer said there’s a procedural risk if Davis remains free. The lawyer argued that Davis could have access to funds that might allow him to go into hiding or flee to the US. Continue readingAmerica must back pro-stablecoin laws, reject CBDCs — US Rep. EmmerIn a House Financial Services Committee hearing, US Representative Tom Emmer said that central bank digital currencies (CBDCs) threaten American values. The lawmaker called on Congress to pass his CBDC Anti-Surveillance State Act to block future administrations from launching a CBDC without congressional approval. Emmer said at the hearing that CBDC technology is “inherently un-American,” adding that allowing unelected bureaucrats to issue a CBDC could “upend the American way of life.”Continue readingTexas lawmaker seeks to cap state’s proposed BTC purchases at $250 millionRon Reynolds, a Democratic state representative in Texas, has proposed a cap for the state’s investment in Bitcoin or other cryptocurrencies. The lawmaker proposed in a bill that the state’s comptroller should not be allowed to invest more than $250 million in crypto. The bill also directs Texas municipalities or counties to not invest more than $10 million in crypto. The proposed bill follows the Texas Senate’s approval of legislation establishing a strategic Bitcoin reserve in the state.Continue reading

FOMO: 90%
cointelegraph.com Mar 17, 2025 19:00

Polymarket bettors say there’s a 100% chance the Fed ends QT before May - Betters on Polymarket believe it’s now a certainty that the US Federal Reserve will wind down its quantitative tightening (QT) program by May of this year, a move many analysts say could trigger the next leg of the crypto bull market. By March 14, Polymarket’s betting odds that the Fed would end QT by April 30 was 100%, where it remains unchanged at the time of writing.The wager, titled “Will Fed end QT before May?,” has more than $6.2 million in cumulative trading volume.Polymarket users have assigned a 100% probability that the Fed will end quantitative tightening in the coming months. Source: PolymarketPolymarket is a crypto-based prediction market that lets betters wager on real-world events. It rose to prominence during the 2024 US presidential election cycle, where it accurately predicted the ascent of Donald Trump.Quantitative tightening is a monetary policy tool used by the Fed to draw money out of the economy by letting the bonds on its balance sheet mature. It’s the opposite of quantitative easing or the balance sheet expansion that the central bank embarked on following the 2008 financial crisis. The Fed’s current QT regime has been ongoing since June 2022 as a complement to other inflation-reducing policies. In addition to raising short-term interest rates, the Fed uses QT to raise long-term rates and drain excess liquidity from the market. Although the start of QT didn’t prevent stocks and crypto prices from rallying — these markets are coming off back-to-back years of impressive growth — it has become a bottleneck due to the recent macroeconomic shocks stemming from the Trump administration.This was predicted in 2022 by Cambridge Associates senior investment director TJ Scavone, who said the negative side effects of QT would be felt once “something breaks”: “With QT just now ramping up, the risk it poses to financial markets appears low. Yet, adding QT to what is an already difficult and volatile market environment may worsen market conditions, increasing the risk that “something breaks” from overtightening.”Related: Polymarket bets on Fort Knox audit as reserve debate heats upQT and cryptoCrypto’s strong correlation with traditional markets exposed the asset class to extreme volatility in February. By March, the S&P 500 Index was officially in correction territory — and Bitcoin (BTC) was down roughly 30% from its January peak. The growing belief that the Fed is ready to wind down QT is seen by many as a bullish catalyst for crypto, as more liquidity will eventually trickle down into risk assets. Combined with rate cuts in the second half of the year, there may be enough policy drivers to reverse the crypto market’s multimonth downtrend.This general playbook is supported by crypto analyst Benjamin Cowen, who believes the end of QT will be followed by a broad market rally. Source: Benjamin CowenAlthough the Fed hasn’t confirmed whether it will wind down its QT program, the minutes of the January Federal Open Market Committee meeting revealed that some officials were concerned about balance sheet reductions impacting the government’s debt ceiling debate:“Regarding the potential for significant swings in reserves over coming months related to debt ceiling dynamics, various participants noted that it may be appropriate to consider pausing or slowing balance sheet runoff until the resolution of this event.”Important policy changes at the Fed are coinciding with a broad pickup in the business cycle. As Cointelegraph recently reported, the US Manufacturing Purchasing Managers Index (PMI) has been in expansion mode for two consecutive months following more than two years of contraction. During the last two crypto market cycles, Bitcoin’s peak coincided with the top of the business cycle, as expressed by the manufacturing PMI.Bitcoin’s price exhibits a strong correlation with the ISM manufacturing PMI. Source: TomasOnMarketsX Hall of Flame: DeFi will rise again after memecoins die down: Sasha Ivanov

FOMO: 90%