Arab Press

بالشعب و للشعب
Saturday, May 31, 2025

Bitcoin, Ethereum, Dogecoin all in negative territory early Saturday

Bitcoin, Ethereum, Dogecoin all in negative territory early Saturday

Bitcoin reached the $55,000 level earlier this week

Bitcoin was trading 2.33% lower on Saturday morning.

The price was around $54,580 per coin, while rivals Ethereum and Dogecoin were trading around $3,576 (-1.93) and 24.4 cents (-1.02%) per coin, respectively, according to Coindesk.

U.S. Sen. Cynthia Lummis, R-Wyo., has long been a fan of Bitcoin, and a disclosure filed on Thursday shows she grabbed up to $100,000 worth of the cryptocurrency in a transaction over the summer.

The filing indicates Lummis made a buy of somewhere between $50,001 and $100,000 from Bitcoin exchange River Financial on Aug. 18 when the digital currency was at around $45,000 per coin, while bitcoin is now trading at $54,760.

The New York Post noted Lummis' August Bitcoin buy occurred less than two weeks after she joined two other senators in attempting to include an amendment in the infrastructure bill seen as favorable to the crypto sector, but the attempt at narrowing the definition of who is a cryptocurrency broker was not included.

Lummis has made no secret of her interest in crafting pro-crypto legislation.

In other cryptocurrency news, regulators with the Securities and Exchange Commission have OK’d Volt Crypto Industry Revolution and Tech ETF, which will trade under the ticker symbol BTCR.

U.S. Sen. Cynthia Lummis, R-Wyo., speaks during the Bitcoin 2021 conference in Miami, June 4, 2021. 


Volt Equity's exchange-traded fund is the first of its kind, offering investors access to companies with significant exposure to Bitcoin, according to the agency.

The fund, which cannot invest directly in Bitcoin, will put at least 80% of its net assets in "Bitcoin Industry Revolution Companies," which are defined as those that hold a majority of their net assets in the world's largest cryptocurrency or derive a majority of their revenue or profits directly from bitcoin mining, lending or transacting.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Netanyahu Accuses Starmer of Siding with Hamas
Calls Grow to Resume Syrian Asylum Claims in UK
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Denmark Increases Retirement Age to 70, Setting a European Precedent
Iranian Director Jafar Panahi Wins Palme d'Or at Cannes
Israeli Airstrike Kills Nine Children of Gaza Doctor
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
Mount Lewotobi Laki-Laki Erupts Again, Spewing Ash Cloud over Flores Island
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
×