This article is adapted from The Block's newsletter "The Daily," reporting on the latest developments in the cryptocurrency market. Bitcoin prices remain stable as market expectations for a Federal Reserve rate cut in September keep Bitcoin in a temporary range-bound state. Several publicly listed companies are actively deploying cryptocurrency financial strategies, accumulating digital assets such as Bitcoin, Ethereum, Solana, and XRP, driving valuation increases and raising bubble concerns. Treasury Secretary Scott Bessent stated that the cryptocurrency policies promoted by Trump will make stablecoins important buyers of U.S. Treasury bonds, thereby consolidating the dominance of the U.S. dollar. Trump has called on the House of Representatives to quickly pass the GENIUS Act to help the United States become a leader in the digital asset space. Additionally, DT Marks DeFi, associated with Trump, has reduced its stake in World Liberty Financial Holdings from 60% to 40%. Elon Musk plans to transform X Platform into a "super app," soon launching in-app investment and trading features. The article also mentions content related to SoSoValue.

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The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.Happy Thursday! Bitcoin remains flat as summer sluggishness sets in and markets push Fed rate cut hopes to September, with the wait-and-see mood potentially keeping BTC rangebound — for now.In today's newsletter, crypto treasury company bubble risks are real but more nuanced than in past boom-and-bust cycles, according to Presto. Treasury Secretary Bessent says the U.S. crypto push will "lock in" dollar supremacy, President Trump urges the House to get the stablecoin bill on his desk "ASAP," and more.Meanwhile, bitcoin's $100,000 level is being "cemented as the base price" for investors, according to analysts.Let's get started.A wave of public companies is piling into crypto treasury strategies, raising billions to stockpile digital assets like BTC, ETH, SOL, and XRP — fueling both soaring valuations and bubble fears.Treasury Secretary Scott Bessent said President Trump's crypto push will help "lock in" dollar supremacy by turning stablecoins into major buyers of U.S. Treasurys.Meanwhile, President Trump urged the House of Representatives to pass the GENIUS Act and get it to his desk "ASAP," calling it key to making America the "undisputed leader" in digital assets.Trump-linked DT Marks DeFi quietly cut its stake in World Liberty Financial's holding firm from 60% to 40%.Elon Musk's ambitions to turn X into an "everything app" have taken a step closer amid plans to "soon" roll out in-app investing and trading features as part of its X Money umbrella, according to the FT.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Cryptocurrency Financial Strategy Risks and the Dominance of the US Dollar: Trump Advocates for Digital Asset Legislation

Cryptocurrency Financial Strategy Risks and the Dominance of the US Dollar: Trump Advocates for Digital Asset Legislation