US Crypto Lobbying Intensifies and 401(k) Market Access Looms, While Bitcoin Institutional Demand Shifts and XRP Faces Deleveraging
US Crypto Lobbying Intensifies and 401(k) Market Access Looms, While Bitcoin Institutional Demand Shifts and XRP Faces Deleveraging
The cryptocurrency sector is witnessing significant developments on multiple fronts. On the political stage, the Coinbase-backed advocacy group, Stand With Crypto, has ramped up its efforts to mobilize pro-crypto voters for the 2026 midterm elections, unveiling endorsements and a new online voter hub. Concurrently, a major regulatory hurdle has been cleared for wider adoption, as the White House approved a Department of Labor rule review that could open the door for cryptocurrency investment options within the massive $10 trillion 401(k) retirement market in the US.
Market dynamics for specific assets show interesting shifts. Corporate demand for Bitcoin treasuries is increasingly concentrated, with "Strategy" emerging as the dominant buyer while other corporate interest has sharply declined. Meanwhile, XRP has experienced considerable volatility in its derivatives market, with a dramatic 78% collapse in leverage on Binance, suggesting a significant deleveraging event and renewed selling pressure as crowded trades are cleared.
Coinbase-Backed Stand With Crypto Discloses Political Plan For 2026 Midterm Elections
Stand With Crypto, an advocacy group backed by crypto exchange Coinbase (COIN), has unveiled its first endorsements for the upcoming midterm elections in the United States and unveiled a new online voter hub aimed at mobilizing pro-crypto voters. Stand With Crypto Builds Voter Tools In a Thursday press release, the organization said it will back […]
White House Clears Review Of Rule To Allow Crypto In $10 Trillion 401(k) Market
The Department of Labor’s (DOL) proposed rule to allow crypto investment options for 401(k) retirement plans has cleared the White House’s regulatory review, bringing digital assets closer to the US’s $10 trillion market. Related Reading: $35M Breakthrough: Irish Authorities Crack Bitcoin Wallet Linked To 2019 Drug Seizure White House Clears DOL’s Proposed 401(k) Rule The […]
Bitcoin Treasury Demand Dominated By Strategy As Others’ Share Drops 99%
Data shows Strategy is currently the main driver of corporate Bitcoin demand, as other companies have seen their purchase share shrink to just 2%. Strategy Behind Most Of The Bitcoin Treasury Buying From The Past Month In a new post on X, on-chain analytics firm CryptoQuant has highlighted how Bitcoin treasury demand is now being […]
XRP Leverage Collapses 78% On Binance – The Crowded Trade Has Been Cleared
XRP is trading below $1.40. Weeks of consolidation have given way to renewed selling pressure. And beneath the price action, the derivatives market is telling a story the spot chart cannot. A CryptoQuant analyst tracking Binance derivatives data has identified a deleveraging cycle of unusual magnitude: XRP’s Estimated Leverage Ratio on Binance has collapsed from […]