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No capital tax on US crypto, Bitcoin reserve asset, nation state adoption – the biggest Trump rumors

Industry insiders speculate on a shift to create a Strategic Bitcoin Reserve, fostering US state-level crypto initiatives and potential federal backing.

CryptoSlate

Nov 14

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Happy Thursday!

In today’s CryptoSlate daily newsletter, we highlight key developments in the cryptocurrency sector, starting with rumors of a Strategic Bitcoin Reserve that could pave the way for no capital tax on crypto in the U.S., potentially boosting state-level initiatives and attracting federal support. In another exciting update, BlackRock's iShares Bitcoin Trust (IBIT) has skyrocketed to $40 billion in assets in just 211 days, ranking it among the top 1% of all ETFs launched over the last decade. Additionally, Robinhood is back in the spotlight as it reintroduces support for SOL, ADA, XRP, and PEPE, marking a significant return for these tokens after a year-long regulatory pause. Don’t miss our in-depth analysis of these compelling stories!

The global crypto market cap is $2.92 trillion, with a 24-hour volume of $274.18 billion. The price of Bitcoin is $88,037.10, and BTC market dominance is 59.7%. The price of Ethereum is $3,088.36, and ETH market dominance is 12.8%. The Crypto Fear & Greed Index is currently Greed (88).