Bitpush Editor's Daily Selected Web3 News:
【Galaxy Digital Founder: If the Trend Continues, Bitcoin Could Reach $1 Million】
Galaxy Digital Founder and CEO Mike Novogratz said on Thursday that Bitcoin's price could rise 10 times to $1 million.
In an interview with CNBC, he stated: "Over time, younger people care more about Bitcoin than older people, so gold will slowly be replaced by Bitcoin. If you compare the market capitalization of gold and Bitcoin, you'll find Bitcoin has a long way to go, needing to reach 10 times gold's level, which would require $1 million."
Novogratz believes Bitcoin's potential 10-fold growth is partly based on the latest macro adoption trends. He said: "Now, all these financial companies are buying Bitcoin, sovereign wealth funds are buying Bitcoin, retail investors are buying Bitcoin, and ways to acquire Bitcoin are becoming increasingly convenient. Therefore, I believe adopting Bitcoin as a macro asset, a savings asset, is now unstoppable like a snowball rolling down a hill."
【SEC Delays Decision on Listing Applications for Dogecoin, Hedera, and Avalanche ETFs】
The U.S. Securities and Exchange Commission has postponed decisions on a series of spot Altcoin ETF applications, including the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF. The agency wrote in each document: "This does not indicate that the Commission has drawn any conclusions about any of the issues involved. Instead, the Commission seeks and encourages comments on the proposed rule changes."
【The Information: Financial Market Giant DTCC Exploring Stablecoins】
According to The Information, the financial market giant DTCC is exploring stablecoins.
DTCC has not publicly commented on the report. The company, registered with the SEC, provides post-trade clearing, settlement, custody, and information services. DTCC and its subsidiaries process trillions of dollars in securities transactions annually.
DTCC noted in a recent blog post that "stablecoin use cases are increasing," including "corporate cross-border fund management and payment systems." The company wrote: "Stablecoins are becoming an alternative settlement mechanism, a means of improving payment efficiency, and the ultimate use case for blockchain technology. By updating payment infrastructure, stablecoins are now a payment option across ecosystem segments, from retail cross-border transactions to securities settlement."
【Trump: $5 Million "Trump Card" Arrives, Over 15,000 People Join Waitlist】
U.S. President Trump stated: "$5 million 'Trump Card' is here! Since we opened the website last night, over 15,000 people have registered and joined the waitlist! These $7.5 billion will help us balance the budget and strengthen America's power. The opportunity to live in the world's largest economy, the greatest country, is here. This is a once-in-a-lifetime opportunity. The waitlist is now open."
【Shopify Collaborates with Coinbase and Stripe to Promote USDC Stablecoin Payments】
According to two announcements released on Thursday, Shopify has partnered with Coinbase and Stripe to make it easier for merchants to accept payments in Circle's USDC stablecoin.
Stripe stated in a press release: "Shoppers will be able to use USDC on Base with their preferred crypto wallet. By default, Stripe will allow merchants to receive stablecoin payments in their preferred local currency and deposit them into their bank accounts like any other payment."
Stripe said this service will be available to Shopify merchants in 34 countries/regions. Stripe noted that stablecoin payments have settled over $94 billion in the past two years. "During this period, monthly payment amounts have grown from less than $2 billion to over $6.3 billion".
【Trump: Will Create Clear Regulatory Framework to Lead Bitcoin and Crypto Future】
Trump stated at the Coinbase "State of Crypto" summit that the U.S. will work to create a clear, simple market framework to dominate the future of cryptocurrencies and Bitcoin.
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