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Binance Founder Changpeng Zhao: US Bitcoin Reserve ‘Pretty Much Confirmed’

Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with bullish activity on that prospect alone. Over the weekend, Bitcoin whales were insatiable in their accumulation. After Republicans retook control of Congress following November’s election, the US Senate Banking Committee opened its first subcommittee panel on cryptocurrencies Thursday. Binance Founder: Strategic Bitcoin Reserve Alert! US Strategic Bitcoin Reserve, pretty much confirmed. Crypto moving at crypto speed again. https://t.co/8qWlt65ARE — CZ BNB (@cz_binance) January 23, 2025 The idea of a national Bitcoin reserve is so popular at the moment among US policymakers that several states are considering establishing state reserves. Congress Convenes First Subcommittee on Crypto The Senate Banking digital asset subcommittee will: Pass legislation promoting responsible innovation and consumer protection Eradicate Operation Chokepoint 2.0 Make America the bitcoin and digital asset capital of the world — Senator Cynthia Lummis (@SenLummis) January 23, 2025 The new Senate subcommittee on digital assets has a host of issues to tackle with normalizing US government policy over blockchain. In an X post on Thursday afternoon, Sen. Lummis promised a three-point crypto agenda in 2025: Pass legislation promoting responsible innovation and consumer protection Eradicate Operation Chokepoint 2.0 Make America the bitcoin and digital asset capital of the world Popular crypto markets analyst Crypto Beast replied, “we’re going much higher.” The strategic Bitcoin reserve has backing from President Trump, according to recent reports and the fact that he signed the documents. In addition, it has a strong group of pro-crypto delegates to Congress in the new subcommittee. That includes Sen. Ruben Gallego (D-AZ), who received strong backing from the pro-crypto Fairshake PAC. Plus, there’s Sen. Bernie Moreno (R-OH), a freshman senator who prevailed in the ballot count over the Banking Committee’s previous chair, Sen. Sherrod Brown (D-OH). Bitcoin’s price had a somewhat unexpected reaction to the aforementioned news. The asset started to lose value after the document’s signing and dropped to $102,400 before it recovered some ground to nearly $105,000 now. The post Binance Founder Changpeng Zhao: US Bitcoin Reserve ‘Pretty Much Confirmed’ appeared first on CryptoPotato . Decrypt

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How to Discover New Cryptocurrencies to Invest In

It can be very overwhelming to find new cryptocurrencies to invest in other than Bitcoin and Ethereum . The crypto market is so huge, and at the same pace, it’s growing. To beginners, this area requires an understanding of how different it is from traditional investments. Success here comes from knowing where to look for information and how to evaluate new opportunities. Key Considerations Before Investing Before getting into new cryptocurrencies, consider these questions: Where does cryptocurrency fit into the bigger picture of your portfolio? Is cryptocurrency a good long-term investment? Should you invest in Initial Coin Offerings? Is it worth investing in NFTs? What is DeFi, and are there investment opportunities there? The crypto market is confusing. Scams and a lack of standardized valuation criteria send investors running for cover. Adding cryptocurrencies to a portfolio, however, can add diversity and high growth potential. Where to Find New Cryptocurrencies You can explore various platforms and tools to discover emerging cryptocurrencies: Cryptocurrency Exchanges Platforms like Binance , Coinbase , Crypto.com , and Kraken are great starting points. Most major exchanges list new coins as they launch. Some exchanges, like Coinbase, require an account to access detailed information about new cryptocurrencies. Data Aggregators Data aggregators provide up-to-date crypto information: CoinMarketCap : Lists new coins along with prices, market caps, and trading volumes. CoinGecko : Offers similar features to help you analyze coins. Social Media Social platforms provide real-time updates on crypto trends: X (formerly Twitter) : Follow developers and projects for updates on new coins. Telegram : Join crypto-related groups for direct communication with project teams. Discord : Many projects maintain servers for announcements and discussions. Specialized Tools Use tools to analyze and verify cryptocurrencies: KryptView : Research tokens by name or address. TokenSniffer : Provides audits of coins, highlighting potential risks. BSCCheck : Examines tokens on the Binance Smart Chain. Websites Explore reputable websites for crypto news and insights: Trading View Top ICO List DEX Screener Decentralized Finance (DeFi) Platforms DeFi platforms like Uniswap , Aave , and Maker allow users to engage in peer-to-peer transactions, lending, and borrowing. Many have native tokens that power their ecosystems. NFT Marketplaces NFTs are digital ownership of assets. New NFTs are listed on platforms such as OpenSea and Rarible. Specialized marketplaces like NBA TopShot sell to niche audiences. Initial Coin Offerings (ICOs) ICOs raise funds for new projects. While fewer exist today due to stricter regulations, some opportunities remain. Always check if the ICO is registered with regulatory agencies. Exchange-Traded Funds (ETFs) ETFs offer indirect exposure to cryptocurrencies. For instance, the Bitcoin Spot ETFs approved in 2024 allow investors to purchase shares in funds that hold cryptocurrencies. Evaluating New Cryptocurrencies Once you identify potential investments, analyze them carefully. Here are some factors to consider: Use Cases What purpose does cryptocurrency serve? Coins with strong use cases, like Ethereum (ETH) for smart contracts , often have higher potential. Market Metrics Review these key metrics: Price : Current value per coin. Market Cap : Total value of all circulating coins. Trading Volume : Amount traded in the last 24 hours. Community and Social Sentiment A strong community often supports a coin’s growth. Check forums, social media, and project updates to gauge sentiment. Regulations and Legal Status Ensure the cryptocurrency complies with local laws. Avoid coins involved in legal disputes or regulatory issues. Whitepapers A project’s whitepaper explains its purpose and technology. Analyze its clarity and feasibility. Tools for Analysis Here’s a quick comparison of popular tools: Tool Function Key Features CoinMarketCap Tracks new cryptocurrencies Prices, market cap, trading volumes TokenSniffer Analyzes token legitimacy Contract audits, risk flags, holder analysis KryptView Provides token research Holder data, transaction details Trading View Offers technical analysis tools Charts, price trends Common Red Flags Watch out for these warning signs to avoid scams: Exaggerated Promises : Claims of guaranteed returns. Lack of Transparency : Incomplete or vague whitepapers. High Concentration : Large token supplies held by few wallets. Unverified Contracts : Missing or unverified contract details. Staying Informed The crypto market changes rapidly. To stay ahead, regularly monitor: New listings on exchanges. Social media updates from project teams. Trends in DeFi platforms and NFT marketplaces. Investing in new cryptocurrencies can be exciting and profitable. Use reliable sources, conduct thorough research, and stay vigilant against scams. By following this guide, you can explore opportunities while minimizing risks. Happy investing! Decrypt