Hines said he is leaving the crypto advisory group to rejoin the private sector but will continue to support the cryptocurrency industry. Bo Hines, the executive director of US president Donald Trump’s White House Crypto Council, announced he is stepping down on Saturday. Hines, who was appointed by the president to lead the advisory group in December 2024, said he is stepping down to rejoin the private sector and thanked the crypto community for its “unwavering” support. He wrote on Saturday: Although a successor has not yet been named, independent crypto reporter Eleanor Terrett said that Hines’ deputy director, Patrick Witt, will likely be appointed to the position. Read more
The cypherpunk ethos is retreating from the limelight, as institutions and centralized players take center stage, driving new narratives. Traditional financial institutions are increasingly shaping the narratives in the crypto sector, and are poised to benefit the most from the current trends, according to Arthur Azizov, founder of B2 Ventures, a private “alliance” of crypto services and financial tech companies. Azizov told Cointelegraph that this market cycle has been dominated by institutional investors, investment vehicles like exchange-traded funds (ETFs), governments, and stablecoin issuers. He also said that big banks will accelerate this trend in the near future, once they have regulatory clarity to interact with crypto, saying it will only be a “matter of months” between the time these banks receive regulatory clarity and the time it takes them to launch a stablecoin. Azizov added: Read more
The new law will allow investment banks, which can underwrite companies, issue securities, and are institutionally focused, to hold BTC. Regulated Bitcoin (BTC) investment banks are coming to El Salvador, following Thursday’s approval of El Salvador’s Investment Banking Law, which classifies investment banks under different regulations than commercial banks. Investment banks will now be allowed to hold BTC and other digital assets on their balance sheets and offer crypto services to “sophisticated” investors, the equivalent of accredited investors in the United States, Juan Carlos Reyes, president of El Salvador’s Commission of Digital Assets (CNAD), the government’s crypto regulatory agency, told Cointelegraph. He added: The law encourages foreign investment in El Salvador and positions it as an emerging hub for finance, proponents of the newly adopted law say. Read more
Crypto influencers democratize early-stage investing by offering transparent, accessible opportunities that VCs keep behind closed doors for the elite. Opinion by: Tom Bruni, editor-in-chief and vice president of Community, Stocktwits Since the dawn of the dot-com boom, it’s almost impossible to hear the term “VC” (venture capitalist) without immediately conjuring up an image of Sandhill Road — and the ultra-exclusive air that surrounds the famed strip of land in Northern California that’s responsible for pouring billions into tech startups each year. Silicon Valley VCs and their global counterparts have sat behind literal and metaphorical closed doors for decades. Only a few people decide which innovators and trends receive access to vital funding. Read more
Ether price excitement boils over as giant targets combine with a countdown to new all-time highs — but ETH/BTC still has a long way to go. Key points: Ether is on track to reach $20,000 as a lifelong price channel stays relevant, says a popular trader. ETH may even break beyond the channel for the first time in history. Read more