In a post on X, Kevin O’Leary said the correction in crypto prices since October has eliminated smaller “poo poo” coins, which “got dumped accordingly.”
A crypto influencer argued the proposed U.S. crypto bill may favor banks and challenge crypto-native firms, disputing claims of massive capital inflows.
Ethereum’s price remained below $2,000, with analysts warning that the risk of a deeper correction increases if the token fails to reclaim that level soon.
The comment comes as the broader crypto market continues to see selling pressures amid uncertainties stemming from macroeconomics as well as leadership transition in the Federal Reserve.
Joseph Lubin warned that traditional finance was fragile, with weakening currencies and rising trust issues, and pointed to Greece-style economic collapse for traditional banks as DeFi grew.
Tom Lee said Bitmine’s $200 million investment in MrBeast could evolve into a financial platform that captures Gen Z and Gen Alpha, reaping boons for the company as well.
The White House’s closed-door meeting on the CLARITY Act is seen as a collaborative working session, not a confrontation, as talks focused on stablecoin yields.
Bitmine Immersion Technologies reportedly acquired another 40,000 Ethereum late Monday, following an earlier disclosure of 40,000 ETH added over the past week.
