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Senator Lummis Pushes Gold Revaluation to Bypass 15% Seized Bitcoin Bottleneck
Senator Lummis Pushes Gold Revaluation to Bypass 15% Seized Bitcoin Bottleneck

Senator Lummis pushes the BITCOIN Act, suggesting gold revaluation to fund the US Bitcoin Reserve and sidestep legal bottlenecks limiting seized BTC.

BeInCrypto·2025/08/14 23:18
US lawmakers accuse Lutnick’s Cantor Fitzgerald of insider trading
US lawmakers accuse Lutnick’s Cantor Fitzgerald of insider trading

Share link:In this post: Senators Wyden and Warren accused Cantor of profiting from insider access to Trump-era tariff policy. They sent a letter demanding full details on refund-related trades and any contact with Trump officials. Cantor allegedly offered companies 20–30% cash for future tariff refunds if courts strike down the tariffs.

Cryptopolitan·2025/08/14 23:00
Flash
  • 06:52
    0xsun.eth briefly opened a short position on Bitcoin after depositing 303,000 USDC to Hyperliquid.
    According to Jinse Finance, on-chain analyst Ai Aunt (@ai_9684xtpa) monitored that the address 0xsun.eth deposited 303,000 USDC as margin to Hyperliquid two hours ago. Subsequently, two short BTC positions were opened, but each lasted only 6-11 minutes. An hour later, all the margin was withdrawn to an exchange.
  • 06:17
    A certain whale accumulated 3,195 BTC worth $356 million in the past 3 hours.
    According to Jinse Finance, monitored by Lookonchain, a certain whale has accumulated 3,195 BTC (worth $356.6 million) in the past 3 hours.
  • 05:35
    LinkedIn co-founder and well-known investor Reid Hoffman changed his X account avatar to Cryptopunks, making a high-profile announcement of joining its community
    On October 26, it was reported that American internet entrepreneur, venture capitalist, podcast host, and LinkedIn co-founder Reid Hoffman changed his X account avatar to a Cryptopunks NFT and posted: "I bought this NFT a few months ago. I have been investing in the crypto space since 2013, and I am now excited to join one of the most influential communities in the field." Reid Hoffman graduated from Stanford University with a bachelor's degree in Symbolic Systems and Cognitive Science (1990), and as a Marshall Scholar, earned a master's degree in Philosophy from Wolfson College, Oxford University (1993). Hoffman co-founded LinkedIn in 2002 and served as Executive Chairman until it was acquired by Microsoft for $26.2 billions in 2016, after which he joined the Microsoft board. He was an early board member and Chief Operating Officer of PayPal, contributing to its growth before it was acquired by eBay in 2002. As a venture capitalist, he is a partner at Greylock Partners, Chairman of Village Global, and has invested in multiple companies such as Airbnb, Facebook, Aurora Innovation, and Joby Aviation.
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