US Bitcoin reserve idea could spark global race, Metaplanet CEO predictsGeorvich predicts US move to adopt Bitcoin would spur global competition, stabilize developing nations' currencies.Happy Thursday!In today's newsletter, we explore significant developments in the cryptocurrency landscape. Metaplanet CEO Simon Georvich suggests that the U.S. could ignite a global competition for Bitcoin if it establishes a national reserve, potentially stabilizing currencies in developing nations. Meanwhile, the IRS has granted temporary relief from new crypto tax reporting rules, providing investors with a much-needed reprieve as they navigate evolving regulations. Additionally, China is tightening its regulatory grip on cryptocurrencies with new foreign exchange rules, indicating a more stringent approach to digital asset transactions. Stay tuned for in-depth coverage of these crucial stories! LATEST SLATECAST 🎙️ Swaroop Hegde discusses Powerloom’s mission to reshape data integrity in blockchain 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.4 trillion, with a 24-hour volume of $126.51 billion. The price of Bitcoin is $96,239.80, and BTC market dominance is 56.2%. The price of Ethereum is $3,457.05, and ETH market dominance is 12.3%. The best-performing sector is Base Ecosystem, which gained 14%. The Crypto Fear & Greed Index is currently Greed (70). 📰 Top NewsUS Bitcoin reserve idea could spark global race, Metaplanet CEO predictsGeorvich predicts US move to adopt Bitcoin would spur global competition, stabilize developing nations' currencies. IRS grants temporary relief on crypto tax reporting rules amid legal challengesIRS crypto cost-basis rule delay hailed as investor reprieve amid evolving regulatory landscape. China tightens grip on crypto with new foreign exchange rulesChina's tightened regulatory measures signal a deeper clampdown on crypto-related foreign exchange transactions. Ad: T3 Financial Crime Unit Marks Enforcement Victory: USDT 100 Million in Criminal Assets Frozen Across Five ContinentsT3 FCU exemplifies the power of public-private collaboration in real-time cryptocurrency crime-fighting, freezing over USDT 100 million in illicit assets. 📈 Latest Insights
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US Bitcoin reserve idea could spark global race, Metaplanet CEO predicts