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From Bitcoin gains to LCAI opportunities: why on-chain activity points to Lightchain Protocol AI as the next big move
Bitcoin’s recent price action has reignited enthusiasm in the crypto market, with its bullish run providing significant gains for long-time holders and traders. But the true story lies beyond Bitcoin, as on-chain analytics reveal that savvy whales are reallocating profits into promising presales. Lightchain Protocol AI, with its innovative LCAI token, is emerging as a prime destination for these strategic investors. Bitcoin’s Rally Fuels Interest in Presales After weeks of consolidation, Bitcoin has surged past key resistance levels, sparking excitement across the market. On-chain data shows increased activity among whale wallets, with many leveraging their Bitcoin gains to diversify into...
Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve
Renewed interest surges in Lummis's July proposal for a Strategic Bitcoin Reserve amid a Trump win and Bitcoin's new all-time high. Author: Cynthia Lummis X account Key Takeaways The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program. Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is now in the initial stage of the legislative process. For the proposal to become law, it must first pass through the Senate...
Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve: Bloomberg
According to a latest Bloomberg report, Republican Senator Cynthia Lummis of Wyoming has proposed to sell a part of the Federal Reserve’s gold holdings to purchase one million Bitcoins for the creation of a strategic bitcoin reserve. The Senator, an ally of Donald Trump, has a plan for filling up the president-elect’s proposed strategic Bitcoin stockpile without adding to the government deficit. The bill calls for the US to acquire 1 million Bitcoin, representing nearly 5% of the outstanding tokens. Cynthia Lummis estimates this would cost around $90 billion based on current prices, but the sum could rise if the...
