Blockchain founders like MOVE’s Rushi Manche are clamoring for a spot in the president’s crypto portfolio, hoping it will boost their token price.

Movement was reportedly one of the teams the Department of Government Efficiency representatives held conversations with about blockchain being used for government operations.

While some view it as a positive move for long-term growth, others worry it could lead to monopolistic behavior and harm innovation in the Solana ecosystem.

While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.

The latest price moves in crypto markets in context for Oct. 30, 2024.

The Bhutan government recently deposited almost 1,000 BTC into a Binance deposit address. It holds $900 million of the asset.