### An Unusual Payment Method for Online Gambling

A recent investigation has uncovered that a **state-run illegal online casino** is exclusively using **Bitcoin** and wire transfers for payouts. This revelation raises significant concerns about the **transparency** and **regulation** of online gambling platforms.

### The Implications of Cryptocurrency Use

The reliance on **Bitcoin** for transactions in illegal online casinos highlights a growing trend where digital currencies are becoming the preferred method for **anonymity** and **security**. As more individuals turn to cryptocurrencies, the potential for **fraud** and **money laundering** increases, prompting calls for stricter regulations.

### Why Bitcoin?

Using **Bitcoin** allows these casinos to bypass traditional banking systems, making it difficult for authorities to track financial flows. This trend not only poses risks to users but also undermines the **integrity** of the gambling industry as a whole.

### Conclusion

The situation underscores the urgent need for regulatory bodies to address the implications of cryptocurrency in illegal activities, especially in online gambling, where the stakes are high and the risks are even higher.

Shocking Revelation: Illegal Online Casino Only Accepts Bitcoin and Wire Transfers!

# A Safer Way to Invest in Bitcoin

A major **exchange-traded fund** provider, **Calamos Investments**, has introduced the **Calamos Bitcoin Structured Alt Protection ETF (CBOJ)**, claiming it to be **the world's first downside protected bitcoin ETF**. This innovative fund is designed for **risk-averse investors**, aiming to eliminate the **volatility** typically associated with bitcoin investing.

![Bitcoin Illustration](https://media.nbcnewyork.com/2024/11/108067834-1732896914634-108067834-17325694842024-11-25t203255z_761370222_rc2kcbam5kil_rtrmadp_0_fintech-crypto-bitcoin.jpeg?quality=85&strip=all&resize=320%2C180)

## Key Features of the CBOJ ETF

According to **Matt Kaufman**, head of the ETF at Calamos, the fund allows investors to secure **100% protection** while still participating in the market. "You can get in all day long. Get that 100% protection. And then at the end of the day, we're going to strike the cap," Kaufman explained in an interview on CNBC's **ETF Edge**. 

The launch of this ETF comes at a time when **bitcoin** has seen a **10% increase**, marking a winning streak for the cryptocurrency. Calamos aims to provide investors with a **risk-controlled environment** to access bitcoin, addressing concerns over its notorious volatility.

## Meeting Investor Demands

Kaufman emphasized that many potential investors have been hesitant to dip into bitcoin due to its **high volatility**. The CBOJ ETF seeks to **capture bitcoin's growth potential** while mitigating risks associated with price fluctuations. 

Calamos has plans for more crypto funds, with upcoming launches of the **Calamos Bitcoin 90 Series Structured Alt Protection ETF (CBXJ)** and **Calamos Bitcoin 80 Series Structured Alt Protection ETF (CBTJ)** scheduled for February 4.

## No Meme Coin ETFs Here

Despite the expanding cryptocurrency fund offerings, Kaufman stated that **Calamos has no interest in creating meme coin ETFs**. The focus remains on providing serious investment options that align with various risk tolerances.

---

A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing.

Revolutionizing Bitcoin Investment: The World's First Downside Protected ETF!

President **Donald Trump** has taken a significant step in support of the cryptocurrency sector with a new **executive order** that aims to bolster the growth and utilization of **digital assets** and **blockchain technology**.

### Key Highlights of the Executive Order

- The order directs the government to create a **clear regulatory framework** for the crypto industry and to explore the establishment of a **national digital asset stockpile**.
- A new **President’s Working Group on Digital Assets Markets** will be chaired by **David Sacks**, with participation from key regulatory bodies like the **SEC** and **CFTC**.
- **Jonathan Jachym**, from **Kraken**, expressed enthusiasm for the executive action, emphasizing the importance of the working group in addressing critical issues for the industry.
- The directive marks a stark contrast to the previous administration's approach, which many in the crypto space viewed as overly restrictive.

### National Digital Asset Stockpile

The executive order also tasks the working group to propose criteria for a **national digital asset stockpile**, potentially utilizing cryptocurrencies seized by the government. This initiative is seen as a way to legitimize cryptocurrency as a **store of value**, particularly in the context of **Bitcoin reserves** to combat inflation.

### Ban on Central Bank Digital Currency

In a decisive move, Trump’s order prohibits any government agency from creating a **central bank digital currency (CBDC)**. The Federal Reserve had been contemplating a CBDC to enhance cross-border payments, but Trump has previously voiced concerns about government control over personal finances.

### Repeal of Biden's Safeguards

The order also revokes a 2022 executive order by **Biden** that aimed to implement consumer protections in the crypto space, which some argue led to excessive enforcement against digital assets.

### Market Reaction

Crypto enthusiasts have been eagerly awaiting this order, which is believed to have contributed to **Bitcoin** reaching a new **all-time high** of **$109,000**. Despite initial excitement, some investors expressed disappointment when digital currencies were not mentioned in Trump’s inaugural address.

For more insights into the cryptocurrency landscape, check out **Fortune's Crypto Crash Course**.

The executive order delivers on a number of Trump’s pro-crypto campaign promises.

Trump's Bold Executive Order: A Game Changer for Crypto Enthusiasts

### Trump Signs Executive Order for Crypto Advancement

On January 23, 2025, **President Donald Trump** took a significant step towards the future of cryptocurrencies in the United States by signing an **executive order** aimed at promoting the **advancement of crypto** and exploring the possibility of a **national digital asset stockpile**. This move marks a notable shift from his previous stance as a crypto critic during his first term.

![Trump Signs Executive Order](https://image.cnbcfm.com/api/v1/image/108091667-17376637762025-01-23t201720z_596500635_rc2vfca6hmek_rtrmadp_0_usa-trump.jpeg?v=1737663923&w=1858&h=1045&vtcrop=y)

Venture capitalist **David Sacks**, appointed as Trump's **crypto and AI czar**, was present during the signing. The order emphasizes that the **digital asset industry** is vital for **innovation** and **economic development**, as well as maintaining the U.S.'s leadership on the international stage.

One of the key aspects of the order is the formation of a **working group** to consider a **national digital asset stockpile**, potentially sourced from cryptocurrencies seized by the federal government. Historically, the U.S. Marshals Service has auctioned off seized **bitcoin**, **ether**, and **litecoin**. Trump has previously promised that if re-elected, he would ensure the government retains all its bitcoin holdings.

The executive order also outlines priorities for protecting individuals and companies using blockchain, as well as supporting the rights of those who **self-custody** their digital assets, avoiding reliance on centralized entities like **Coinbase**. Furthermore, it aims to bolster the **sovereignty of the U.S. dollar** by promoting legitimate, dollar-backed **stablecoins**.

### Administration's Support for Crypto
Since his election victory, Trump has focused on appointing leaders who support the cryptocurrency sector, including **Paul Atkins** for the SEC chair position, known for advocating market-friendly policies. Additionally, a new **crypto task force** led by **Hester Peirce** has been announced, aimed at fostering innovation in the sector.

Trump's administration aims to reclaim the U.S.'s position as a global leader in digital asset innovation, with Sacks declaring, "**the war on crypto is over**." This executive order could pave the way for significant changes in the crypto landscape in the U.S.

![Crypto Task Force](https://image.cnbcfm.com/api/v1/image/108088672-Screenshot_2025-01-17_at_64325_PM.png?v=1737157436&w=750&h=422&vtcrop=y)

President Donald Trump on Thursday signed an executive order on Thursday that could set the stage for developing a national digital asset stockpile.

Trump's Bold Move: Executive Order to Establish a National Crypto Stockpile

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote **United States leadership** in **digital assets** and **financial technology**, it is hereby ordered as follows:

### Purpose and Policies
(a) The **digital asset industry** plays a crucial role in **innovation** and **economic development** in the United States, as well as our Nation’s **international leadership**. It is therefore the policy of my Administration to support the **responsible growth** and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:

1. **Protecting and promoting** the ability of individual citizens and private-sector entities to access and use open public **blockchain networks** without persecution.
2. **Promoting and protecting** the sovereignty of the **United States dollar**, including through actions to promote the development of lawful and legitimate dollar-backed **stablecoins** worldwide.
3. **Ensuring fair and open access** to banking services for all law-abiding citizens and entities.
4. **Providing regulatory clarity** and certainty built on technology-neutral regulations.
5. **Protecting Americans** from the risks of **Central Bank Digital Currencies (CBDCs)**, which threaten the stability of the financial system, individual privacy, and sovereignty.

### Definitions
- **Digital asset**: Any digital representation of value recorded on a distributed ledger, including cryptocurrencies, digital tokens, and stablecoins.
- **Blockchain**: A technology where data is shared across a network to create a public ledger of verified transactions.
- **Central Bank Digital Currency**: A form of digital money or monetary value directly issued by the central bank.

### Revocation of Previous Orders
- Executive Order 14067 of March 9, 2022, is hereby revoked, along with all policies issued pursuant to it.

### Establishment of the President's Working Group on Digital Asset Markets
- A new **Working Group** is established to propose a Federal regulatory framework governing digital assets, including stablecoins.

### Prohibition of Central Bank Digital Currencies
- Agencies are prohibited from establishing or promoting **CBDCs** within the U.S. jurisdiction.

### General Provisions
- This order will be implemented consistent with applicable law.

**THE WHITE HOUSE,**  
**January 23, 2025.**

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States

How the U.S. is Shaping the Future of Digital Financial Technology

Bitcoin is currently experiencing a **bullish price action**, but potential disappointment surrounding an anticipated **crypto-related executive order** from President Trump on **January 23** could trigger a significant **correction** in BTC's price.

### Bitcoin's Price Target: $96,000

Analysts suggest that Bitcoin's price may be on a path to correct below **$96,000**, influenced by the **'diamond pattern'** emerging on technical charts. This pattern often indicates a **momentum reversal** for the asset. According to crypto trader **Blackmore**, this setup is tricky:  
> “It’s usually best to wait for it to play out before making a move, rather than trying to get the break from structure… Technical target for this is around **$94,000 - $96,000**.”  
![Diamond Pattern](https://s3.tradingview.com/news/image/cointelegraph:7847afbc0094b-9736a276a2c3ca3666b4ad4a9c11e109-resized.jpeg)

### Market Reactions and Predictions

**Ki Young Ju**, CEO of **CryptoQuant**, speculates that Bitcoin might **pull back** or **move sideways** for months, although other **on-chain indicators** remain bullish.  
![Market Analysis](https://s3.tradingview.com/news/image/cointelegraph:7847afbc0094b-914fa62b7d70e9500571b29897ad9568-resized.jpeg)

### Key Support Level: $101,000

Bitcoin may avoid further downside as long as it remains above the **$101,000 support** level. **Rekt Capital**, a popular analyst, has noted:  
> “Bitcoin has once again revisited the Range Low of **$101,000** for a retest. This retest is currently in progress.”  
![Support Level](https://s3.tradingview.com/news/image/cointelegraph:7847afbc0094b-64ece735c4d5f7f576998735e43bdbfe-resized.jpeg)

A dip below **$101,000** could cause significant market volatility, potentially leading to over **$1.34 billion** in leveraged long liquidations across exchanges.

### Concerns Over Monetary Policy

**Ryan Lee**, chief analyst at **Bitget Research**, highlights that tightening monetary policy and global interest rate hike concerns are creating **short-term bearish sentiment**. However, **institutional buying** may help stabilize prices.  
![Volatility Concerns](https://s3.tradingview.com/news/image/cointelegraph:7847afbc0094b-fc78d9727f7217248abd8d4ec6c73b8d-resized.jpeg)

Markets are now expecting the first US interest rate cut to occur on **June 18**, according to estimates from the **CME Group’s FedWatch tool**.

Bitcoin is enjoying a day of bullish price action, but any disappointment related to the markets’ anticipation of a crypto-related executive order from President Trump on Jan. 23 could trigger a correction in BTC (BTC) price. Some analysts believe Bitcoin price could be headed to a correction below…

Is Bitcoin Set for a $96K Dip? Analyzing the 'Diamond Pattern' and Market Sentiment

### Bitcoin Trading Hits New Heights

Bitcoin continues to trade at **record levels**. According to data from [checkonchain](https://www.checkonchain.com), Wednesday's total **bitcoin (BTC) volume reached $130 billion**, marking one of the highest trading volumes in its history. This surge in trading activity follows a significant increase since the recent U.S. presidential election, where trade volume doubled from an average of **$65 billion per day**.

![BTC: Futures vs Spot vs ETF Trade Volume (Checkonchain)](https://cdn.sanity.io/images/s3y3vcno/production/d4aa528208c5ad56e9aa660a802c9775f05efb08-1728x958.png?auto=format)

### Key Highlights:
- The **futures market** accounted for approximately **$110 billion** in volume, ranking it as the **fifth-highest** recorded.
- The **spot market** traded around **$15 billion**, nearing an all-time high.
- Bitcoin ETFs saw about **$5 billion** in trading volume, about half of the peak seen in March 2024.
- Notably, **options volume** is not included in the $130 billion figure, but it's also experiencing rapid growth, with over **$3 billion** in options contracts traded in the last 24 hours.

With bitcoin positioning itself as a **global settlement layer**, increasing volume and liquidity are crucial for attracting institutions that aim to conduct transactions worth billions swiftly.

Across ETFs, spot and futures trade, bitcoin combined for $130 billion volume yesterday. 

Record-Breaking Bitcoin Trading Day: $130 Billion Volume Shakes the Market!

### Bitcoin's Remarkable Surge

**Bitcoin** is experiencing a significant upswing, soaring above **$106,000** as speculation grows around a potential **strategic national Bitcoin reserve** under President **Donald Trump**. Early Thursday, Bitcoin was trading between **$101,000 and $102,000** when Senator **Cynthia Lummis**, a prominent advocate for Bitcoin, hinted at exciting news on social media.

Lummis tweeted, "**Big things are coming**," prompting immediate market reactions. Bitcoin's price jumped to over **$105,000**, dipped slightly, and then climbed to nearly **$106,000**. Although no formal announcement was made at 10 AM ET, Lummis later revealed her new role as Chair of the Subcommittee on Digital Assets.

In her statement, Lummis emphasized the importance of **bipartisan legislation** to establish a legal framework for digital assets, which would bolster the **U.S. dollar** alongside a strategic Bitcoin reserve. Following these developments, Bitcoin reached **$106,732**, marking its highest price since Tuesday, reflecting a **3% increase** for the day and nearly **7% for the week**.

Prominent figures in the crypto space, like **Changpeng Zhao** (CZ), founder of **Binance**, expressed optimism, stating that a **U.S. Strategic Bitcoin Reserve** is essentially confirmed. Trump has previously supported the idea of a national Bitcoin stockpile, and several states are considering their own treasury reserves.

Interestingly, only **42%** of bettors believe Trump will establish a national Bitcoin reserve within his first **100 days** in office, according to **Polymarket** data.

Bitcoin is flying high Thursday as momentum builds around a potential strategic national BTC reserve under President Trump.

Shocking Revelation: Illegal Online Casino Only Accepts Bitcoin and Wire Transfers!

Summary:

An Unusual Payment Method for Online Gambling

The Implications of Cryptocurrency Use

Why Bitcoin?

Conclusion

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Other Latest News

Revolutionizing Bitcoin Investment: The World's First Downside Protected ETF!

Trump's Bold Executive Order: A Game Changer for Crypto Enthusiasts

Trump's Bold Move: Executive Order to Establish a National Crypto Stockpile

How the U.S. is Shaping the Future of Digital Financial Technology

Is Bitcoin Set for a $96K Dip? Analyzing the 'Diamond Pattern' and Market Sentiment

Record-Breaking Bitcoin Trading Day: $130 Billion Volume Shakes the Market!

Bitcoin Soars Past $106K Amid Hopes for a U.S. Strategic Reserve Under Trump

Other Latest News

Revolutionizing Bitcoin Investment: The World's First Downside Protected ETF!

Trump's Bold Executive Order: A Game Changer for Crypto Enthusiasts

Trump's Bold Move: Executive Order to Establish a National Crypto Stockpile

How the U.S. is Shaping the Future of Digital Financial Technology

Is Bitcoin Set for a $96K Dip? Analyzing the 'Diamond Pattern' and Market Sentiment

Record-Breaking Bitcoin Trading Day: $130 Billion Volume Shakes the Market!

Bitcoin Soars Past $106K Amid Hopes for a U.S. Strategic Reserve Under Trump