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Bitcoin Reaches $91,400 as Trump Targets Fed`s Powell, Gold Hits $3,500 Since Liberation Day

Bitcoin has surged to a new high of $91,400, marking a 4.5% jump in 24 hours and a 6.86% gain for the week, amid a weakening U.S. dollar and heightened political tensions. The cryptocurrency`s rise comes as President Donald Trump intensifies his efforts to remove Federal Reserve Chairman Jerome Powell, contributing to market uncertainty. The U.S. dollar index has hit a three-year low, reflecting broader economic concerns and contributing to Bitcoin`s appeal as a safe-haven asset. Gold has also reached an all-time high of $3,500, reinforcing the trend of investors seeking alternatives to traditional investments. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag

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Arch Labs Raises $13M from Pantera, Multicoin to Launch ArchVM on Bitcoin, Valued at $200M

Arch Labs, a Bitcoin infrastructure company, has successfully completed a $13 million Series A funding round, led by Pantera Capital with participation from Multicoin Capital. The round values Arch Labs at approximately $200 million. The company plans to use the funds to launch ArchVM, a new virtual machine, with the mainnet scheduled for June 29th. Arch Labs aims to introduce smart contract functionality directly into Bitcoin through its novel architecture, enabling fast and scalable Bitcoin applications using Solana-speed rails. This development is aimed at building a Bitcoin DeFi ecosystem, with Arch Labs positioning itself as a key player in this space. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag