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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Altcoins

Bitcoin mining ‘Made in the USA’? This is Donald Trump’s plan

June 13, 2024
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Bitcoin mining ‘Made in the USA’? This is Donald Trump’s plan
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  • Donald Trump wants all the remaining Bitcoin to be “made in the USA.”
  • Bitcoin’s Miner Reserve sat at its lowest since February 2010.

In a post on the social media platform Truth Social on the 11th of June, Republican presidential candidate Donald Trump said that he wanted all remaining Bitcoin [BTC] to be,

“MADE IN THE USA!!!” 

According to the presidential candidate, this would help the country remain “energy dominant.”

Trump made that post after meeting executives from Bitcoin mining companies, including CleanSpark Inc., Riot Blockchain, and Galaxy Digital, at his Florida Mar-a-Lago.

His recent post on Truth Social forms part of his recent pro-crypto campaign.

In May, The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” crypto assets accepted through Coinbase toward his presidential bid. 

In the same month, Trump took to Truth to state that the United States should strive to be the leader in the cryptocurrency industry. 

Trump’s recent endeavors stand in clear juxtaposition to President Joe Biden, who appears to have taken a stringent stance toward the industry. 

For example, in his 2025 budget proposal, the president suggested a 30% tax on electricity used for Bitcoin mining and other regulations targeting the cryptocurrency industry.

Following Trump’s post, Bitcoin mining stocks have soared by double digits.

Among the top 10 largest Bitcoin miners by market capitalization, TeraWulf (WULF) and Hut 8 Mining (HUT) have seen their values rise by 11% and 10% in the past 24 hours, according to Google Finance. 

Bitcoin Miner Reserve continues to crater

Since the conclusion of the fourth halving event on the 14th of April, Bitcoin’s Miner Reserve has dropped. At 1.81 million BTC as of this writing, the amount of coins held in affiliated miners’ wallets has been reduced by 0.33%.

See also  Can Bitcoin rise above $35K?

According to CryptoQuant’s data, at press time, the Bitcoin Miner Reserve held the lowest number of coins since 2010. 

Bitcoin Miner Reserve - All Miners

Source: CryptoQuant

When the Miner Reserve declines this way, it suggests that many miners on the Bitcoin network are their coins for profit or to sort mining costs. 

Further, after climbing to a year-to-date high of 118,627 on the 30th of March, Miner Deposit Transactions on the Bitcoin network have since plummeted.


Read Bitcoin’s [BTC] Price Prediction 2024-2025


This metric tracks the total number of coin deposits made to miners’ wallets.

When it decreases, it means BTC miners are buying fewer coins. 

Next: Mike Novogratz hails memecoins as the ‘cornerstone’ of crypto

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

  • Donald Trump wants all the remaining Bitcoin to be “made in the USA.”
  • Bitcoin’s Miner Reserve sat at its lowest since February 2010.

In a post on the social media platform Truth Social on the 11th of June, Republican presidential candidate Donald Trump said that he wanted all remaining Bitcoin [BTC] to be,

“MADE IN THE USA!!!” 

According to the presidential candidate, this would help the country remain “energy dominant.”

Trump made that post after meeting executives from Bitcoin mining companies, including CleanSpark Inc., Riot Blockchain, and Galaxy Digital, at his Florida Mar-a-Lago.

His recent post on Truth Social forms part of his recent pro-crypto campaign.

In May, The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” crypto assets accepted through Coinbase toward his presidential bid. 

See also  Bitcoin: 'Bigger than govts.' or 'not a store of value'?

In the same month, Trump took to Truth to state that the United States should strive to be the leader in the cryptocurrency industry. 

Trump’s recent endeavors stand in clear juxtaposition to President Joe Biden, who appears to have taken a stringent stance toward the industry. 

For example, in his 2025 budget proposal, the president suggested a 30% tax on electricity used for Bitcoin mining and other regulations targeting the cryptocurrency industry.

Following Trump’s post, Bitcoin mining stocks have soared by double digits.

Among the top 10 largest Bitcoin miners by market capitalization, TeraWulf (WULF) and Hut 8 Mining (HUT) have seen their values rise by 11% and 10% in the past 24 hours, according to Google Finance. 

Bitcoin Miner Reserve continues to crater

Since the conclusion of the fourth halving event on the 14th of April, Bitcoin’s Miner Reserve has dropped. At 1.81 million BTC as of this writing, the amount of coins held in affiliated miners’ wallets has been reduced by 0.33%.

According to CryptoQuant’s data, at press time, the Bitcoin Miner Reserve held the lowest number of coins since 2010. 

Bitcoin Miner Reserve - All Miners

Source: CryptoQuant

When the Miner Reserve declines this way, it suggests that many miners on the Bitcoin network are their coins for profit or to sort mining costs. 

Further, after climbing to a year-to-date high of 118,627 on the 30th of March, Miner Deposit Transactions on the Bitcoin network have since plummeted.


Read Bitcoin’s [BTC] Price Prediction 2024-2025


This metric tracks the total number of coin deposits made to miners’ wallets.

When it decreases, it means BTC miners are buying fewer coins. 

Next: Mike Novogratz hails memecoins as the ‘cornerstone’ of crypto
Tags: BitcoinDonaldMiningPlanTrumpsUSA

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