In this episode of the Coin Street headlines, we dive into the latest developments in the cryptocurrency world. Join us as we discuss Ark Invest’s Cathie Wood’s insights on Hyperliquid and its potential, reminiscent of Solana’s early days, while emphasizing bitcoin’s central role in her investment thesis. We also explore the increasing global momentum for bitcoin adoption, with a focus on Latin America, as noted by Jan3 founder Samson Mow. In other news, Ohio takes a significant step by allowing cryptocurrency payments for government services, becoming the fourth state to do so, following Colorado, Utah, and Louisiana. Lastly, we highlight an upcoming meeting between a Coinbase executive and the Senate Finance Committee to discuss digital asset tax matters, aligning with the White House’s recommendations for recognizing crypto as a new asset class. Jane King with the latest from the NYSE.
Get the latest news and updates on FINTECH.TV
Thanks, Rey.
Here's a look at your Coin Street headlines.
Arkins Cathy Wood says Hyperliquid reminds her of Solana's early days, but maintains that Bitcoin remains the core of her crypto thesis.
Wood did not confirm any position in Hyperliquid, but described the protocol as one to watch.
Her remarks come as competition between perpetual futures dexes have been heating up after Astor launched a ton earlier this month and saw.
Trading volume and open interest surge past hyperliquid.
Well, increasing number of countries are preparing to ramp up Bitcoin adoption after moving past the initial skepticism.
That's according to GN 3 founder Samson Mao.
Mao emphasized that while President Trump has signed an executive order to establish a strategic Bitcoin reserve, the US still hasn't started buying.
Mao anticipates significant Bitcoin moves from the Latin American region, which he says is one of the.
He is most bullish on.
Ohio has become the latest US state to move toward allowing cryptocurrency payments for government services after the state board of deposit unanimously approved its first vendor to process digital asset transactions.
The Ohio Secretary of State says the move makes Ohio the 4th state to authorize cryptocurrencies for fees following Colorado, Utah, Louisiana also passed a law earlier this year to adopt similar measures.
And a coin-based executive and three other crypto tax and policy specialists will meet with the Senate Finance Committee Wednesday to discuss digital asset tax matters.
It falls in line with the White House Digital Asset Working Group's crypto recommendations in July, which called on lawmakers to recognize crypto as a new asset class and tailor existing tax rules for securities and commodities to digital assets, and that is the latest Poin Street headlines.