Trump Pushes for U.S. to Become the Bitcoin Superpower

Former President Donald Trump has reignited his push for American leadership in the cryptocurrency sector, positioning the U.S. as the future global hub for digital assets. Speaking at the America Business Forum in Miami, Trump emphasized the transformative policies of his administration, which sought to legitimize cryptocurrencies through executive orders. "We're making the United States the Bitcoin Superpower, the crypto capital of the world," he declared. This bold vision aligns with growing institutional adoption and regulatory clarity, reinforcing Bitcoin's long-term bullish trajectory. As global interest in digital assets surges, Trump's advocacy could accelerate U.S. dominance in the crypto space, further solidifying Bitcoin's role as a cornerstone of the future financial system.

Trump Advocates for U.S. Crypto Dominance at Miami Business Forum

Former President Donald Trump has reignited his push for American leadership in the cryptocurrency sector, positioning the U.S. as the future global hub for digital assets. Speaking at the America Business Forum in Miami, Trump emphasized the transformative policies of his administration, which sought to legitimize cryptocurrencies through executive orders. "We're making the United States the Bitcoin Superpower, the crypto capital of the world," he declared, criticizing the Biden administration's stringent regulatory approach.

Trump highlighted the role of bitcoin in alleviating pressure on the U.S. dollar, framing digital assets as a strategic economic tool. His remarks come amid a shifting regulatory landscape, with crypto advocate Paul Atkins succeeding Gary Gensler as SEC chair. Gensler's tenure was marked by aggressive enforcement actions against major exchanges like Binance and Coinbase.

The speech underscored the growing intersection of politics and cryptocurrency, with TRUMP positioning himself as a proponent of innovation in contrast to what he described as regulatory overreach. Market participants are now watching how these political narratives will influence institutional adoption and broader market trends.

Zohran Mamdani's Victory Puts New York's Crypto Sector on Edge

Zohran Mamdani's historic win as New York City's youngest mayor in a century has sent ripples through the crypto industry. The 34-year-old Democrat, who is also the city's first Muslim, South Asian, and African-born leader, defeated former Governor Andrew Cuomo in a race that captivated prediction markets. Polymarket, the largest decentralized prediction platform, saw over $430 million in bets, with 92% backing Mamdani.

Unlike outgoing Mayor Eric Adams, a vocal crypto advocate who deposited his paychecks in Bitcoin and established a digital assets office, Mamdani arrives with a track record of consumer protection and critiques of crypto excess. His victory raises questions about how his policies will impact New York's position as a crypto hub.

The election outcome reflects broader Democratic momentum, with candidates rallying against Trump-era policies and drawing support from younger, diverse voters. For the crypto industry, Mamdani's win represents more than a political shift—it signals potential regulatory headwinds for a sector accustomed to favorable treatment under the previous administration.

Metaplanet Bolsters Bitcoin Treasury with $100 Million Debt-Fueled Purchase

Tokyo-based Metaplanet has secured a $100 million loan collateralized by its existing Bitcoin holdings to further expand its crypto treasury strategy. The proceeds will fund additional BTC acquisitions, share repurchases, and operational growth initiatives.

The firm now holds 30,823 BTC worth $3.51 billion, representing one of Asia's most aggressive corporate Bitcoin accumulation plays. This latest debt issuance amounts to just 3% of their total holdings, maintaining conservative leverage despite market volatility.

Metaplanet's balance sheet shows $3.17 billion in net assets against $24.35 million in liabilities, positioning the company as a bellwether for institutional Bitcoin adoption. The MOVE exemplifies how corporations are increasingly using crypto reserves as productive collateral rather than idle assets.

Bleak Jobs Data Rattles Markets as Layoffs Surge and Bitcoin Faces Headwinds

October's jobs report delivered a gut punch to financial markets, revealing US companies slashed 153,074 positions—a 183% monthly surge marking the worst October since 2003. Technology firms spearheaded the cuts, eliminating over 33,000 roles amid AI adoption and cost pressures. Labor market analysts see this as structural realignment rather than cyclical weakness, with automation driving permanent workforce reductions.

Market reactions were paradoxical. While traders priced in 70% odds of a December Fed rate cut, equities cratered—the Dow plunged 500 points as growth concerns outweighed monetary easing prospects. Bitcoin failed to capitalize on risk-off sentiment, continuing its sideways struggle amid broader crypto market lethargy.

The tech sector's retreat casts long shadows. Once-unshakable confidence in Big Tech valuations now wavers as layoffs expose underlying revenue pressures. Andy Challenger of Challenger, Gray & Christmas draws parallels to early-2000s disruptions: "AI isn't just eliminating jobs—it's redefining what work means."

Marathon Digital Shifts Bitcoin Strategy Amid Margin Squeeze

Marathon Digital Holdings signaled a strategic pivot in its third-quarter filing, revealing plans to sell portions of newly mined Bitcoin to fund operations. The Nasdaq-listed miner held 52,850 BTC as of September 30, but faces mounting cost pressures with energy expenses reaching $39,235 per coin mined. Network difficulty increases and weak transaction fees—contributing just 0.9% of revenue—compound the strain.

The company's $243 million property investments and $1.6 billion financing activities coincide with hashprice plunging to $43, a multi-month low. This margin compression transforms miners from passive accumulators into active sellers, mirroring sell-side pressure from ETF outflows. Marathon's tactical monetization may foreshadow broader industry capitulation as capital commitments collide with deteriorating economics.

Bitcoin Case Ends as Court Clears FBI Over Lost $345 Million Hard Drive

A U.S. court has ruled in favor of the FBI, dismissing a lawsuit filed by Michael Prime over the erasure of a hard drive containing 3,400 Bitcoin. The Eleventh Circuit Court of Appeals found that Prime's failure to disclose the cryptocurrency during prior proceedings nullified his claim. The ruling underscores the irreversible nature of lost cryptographic keys.

Prime, convicted of identity theft and firearm possession in 2019, alleged the FBI destroyed his hard drive holding 3,443 BTC (worth $345 million). The court noted the agency followed standard procedures, and Prime's contradictory statements undermined his case. The decision reinforces the legal principle that undisclosed assets cannot FORM the basis for future claims.