What Happened in Crypto News Today? Key Market and Token Moves

Top Crypto News Today: Strategy Bitcoin, Trump, TON, and More

Crypto News: The worldwide cryptocurrency market is abuzz. The current total market cap is $3.91 trillion, an dicrease of 4.3% over the past 24 hours. The 24-hour trading volume stands at $264 billion, with Bitcoin commanding 59.4% dominance and Ethereum 11.5%. The Fear and Greed Index has decreased slightly to 67 from last week's reading of 70 but remains in a "greedy" zone for traders.

Top Highlights from the Crypto News Today

MicroStrategy (Now Strategy) Goes All-In on Bitcoin

In a high-stakes crypto news move gamble, Strategy previously MicroStrategy is raising as much as $2 billion to purchase additional Bitcoin. This is no fly-by-night move. 

The company, headed by Bitcoin bull Michael Saylor, already owns more than 607,770 BTC and desires more.

Strategy is beginning this charge with $500 million and will raise money through a preferred stock IPO named $STRC, targeted towards select investors only. They're also taking the help of convertible notes to raise funds by borrowing at low interest rates without diluting shares immediately.

Why does it matter? Because if corporations continue buying Bitcoin in such a way, demand might increase, and supply might dry up quickly. That could push prices even higher.

Source: X

2. Trump Meets at the Fed, Urges Lower Interest Rates

In another surprise turn of events in Crypto News, Donald Trump met with Senator Tim Scott at the Federal Reserve Building. Criticizing the high cost of renovations in the Fed headquarters, Trump also urged Jerome Powell to reduce interest rates.

He contends the Fed has waited too long and that now is the time to cut borrowing costs to sustain the economy. Even his own advisers and conservative economists are now on board.

This may shape upcoming monetary policy, which tends to have a significant effect on the price of cryptocurrency- particularly Bitcoin.

3. Christie's Opens Cryptocurrency -Only Real Estate Division

In a major crypto news development, Luxury real estate behemoth Christie's International Real Estate has launched a new division that will be responsible for crypto-only home sales. That is, buyers can now pay for homes using Bitcoin or stablecoins- no bank or cash required.

The initiative is spearheaded by Aaron Kirman, who has already closed some of the largest cryptocurrency real estate transactions. This is the first of the large U.S. real estate companies to develop a full platform for crypto transactions. It's a positive indicator that blockchain is coming into mainstream markets such as real estate.

Source: X

4. 14-Year Slumbering Bitcoin Wallet Suddenly Transfers $1.67B

In an unusual cryoto news update, a 14-year-old Bitcoin whale wallet was awakened by transferring 14,273 BTC valued at about $1.67 billion. This stirred activity on all digital exchanges.

More than 10,000 BTC was exchanged on Binance within 4 hours, and Galaxy Digital assisted with the massive transaction. Most think it might be part of an over-the-counter transaction.

These sudden whale movements have the power to move the market and influence short-term prices.

Source: X (Twitter)

5. TON Foundation Joins Forces to Raise $400M

In a major cypto news update, The TON Foundation, which operates the Telegram blockchain, has partnered with Kingsway Capital to form a new treasury company with the goal of raising $400 million.

The aim is to utilize the funds in purchasing Toncoin, the network's native token, and invite major investors to join. This action represents an upward trend in crypto news whereby tokens are being approached like actual financial assets and not merely virtual money.

This follows closely after Telegram's Bitcoin wallet went live in the United States, where users can receive and send coins, exchange tokens, as well as shop with no fees through MoonPay.

Up until now, more than 100 million users have enabled their Telegram wallet, demonstrating keen interest in making cryptocurrency convenient and an integral part of daily usage.

Final Thoughts

Today's Crypto News illustrates how quickly the world of CryptoSpace is evolving. From billion-dollar Bitcoin wagers to real estate transactions based on crypto, the world of digital currency is expanding beyond mere trading. And with politics and tech companies in the mix, things are just beginning.