BTC

Florida proposes a bill to invest state funds in Bitcoin

February 8, 2025 1 min read

Florida Senator Joe Gruters has introduced a bill to include Bitcoin in the state’s investment strategy. If approved, the state could invest up to 10% of its public funds in Bitcoin. This move aligns Florida with other states like Texas, Wyoming, and Ohio, which are also exploring Bitcoin as a financial reserve. Senator Gruters believes Bitcoin can help protect against inflation and stabilize Florida’s finances. He stated, “The state should

Over $3 billion in Bitcoin and Ethereum options are set to expire today

February 7, 2025 1 min read

Today, over $3 billion worth of Bitcoin and Ethereum options are set to expire. This large volume of contracts is drawing attention from traders. They are closely monitoring how macroeconomic changes and Trump’s trade policies will affect short-term price movements. In the Bitcoin market, there are more buy contracts than sell contracts. This suggests that investors are feeling optimistic. However, the price point that is causing the most losses for

The SEC has acknowledged Grayscale’s Solana and Litecoin ETF filings

February 7, 2025 2 mins read

The U.S. Securities and Exchange Commission (SEC) has recognized Grayscale’s proposals for exchange-traded funds (ETFs) related to Solana and Litecoin. This is a significant moment as it is the first time the SEC has acknowledged a Solana ETF filing. This change comes during a time of leadership shifts within the SEC, raising hopes for a more favorable regulatory environment for cryptocurrencies. On February 6, the SEC invited public comments on

MicroStrategy rebrands to Strategy

February 7, 2025 1 min read

MicroStrategy rebrands to Strategy MicroStrategy has officially changed its name to Strategy, incorporating the Bitcoin symbol into its logo. This rebranding highlights the company’s strong commitment to Bitcoin (BTC). In 2024, Strategy reported a remarkable 74.3% yield from Bitcoin, even though its overall revenue declined. In the fourth quarter of 2024, the firm made its largest Bitcoin purchase ever, investing over $20 billion. Michael Saylor, co-founder of the company, announced

David Sacks outlines a crypto plan with a Bitcoin Reserve

February 6, 2025 2 mins read

David Sacks, the White House’s Crypto Czar, held a press conference with Senate leaders to discuss important topics like stablecoin legislation and a Bitcoin Reserve. He emphasized the need for clear regulations. Sacks argued that past uncertainties pushed crypto businesses abroad and led to significant fraud cases, such as FTX. Since his appointment by President Trump, Sacks’ role in federal crypto policy was unclear. However, he outlined his agenda, which

Senator Hagerty introduces the GENIUS Act to regulate stablecoins

February 6, 2025 1 min read

US Senator Bill Hagerty has introduced the GENIUS Act, a bill focused on regulating payment stablecoins. This legislation aims to enhance the US dollar’s dominance in the digital currency space. It follows an earlier draft discussed in October, marking a significant move towards establishing a legal framework for stablecoin transactions. The GENIUS Act defines payment stablecoins as digital assets used for payments, which are pegged to a stable value. The

Blackrock (BLK) plans on listing a bitcoin exchange traded product (ETP) in Europe

February 6, 2025 1 min read

BlackRock, the largest asset management firm in the world with over $10 trillion in assets under management, is planning to launch a bitcoin exchange-traded product (ETP) in Europe. This news was reported by Bloomberg. The new fund will be based in Switzerland, and BlackRock may start marketing it as early as this month. This will be BlackRock’s first crypto-linked ETP outside the United States. Their U.S.-based iShares Bitcoin ETF has

President Trump’s new order launches a U.S. sovereign wealth fund

February 6, 2025 1 min read

President Donald Trump has signed an executive order to create a sovereign wealth fund, exciting Bitcoin supporters. This order instructs the Treasury and Commerce Departments to devise a plan within 90 days. The fund aims to enhance financial security, lower taxes, and boost the US economy. Sovereign wealth funds are government-managed investment funds that handle surplus money, often from trade or resource revenues. They invest in various assets like stocks,

Coinbase urges US regulators to confirm banks can offer crypto services

February 6, 2025 2 mins read

Coinbase is urging US regulators to allow banks to offer cryptocurrency services. As the largest custodian for US-based spot Bitcoin ETFs, Coinbase wants state-chartered banks to provide and outsource crypto custody and execution services. They are asking regulators to confirm that banks can legally serve crypto businesses. In a letter to the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC),

Crypto inflows fell to $527 million as DeepSeek AI hype drained liquidity

February 5, 2025 2 mins read

Last week, crypto inflows dropped significantly to $527 million. This was a sharp decline from the nearly $2 billion seen in previous weeks. The drop was mainly due to the hype surrounding DeepSeek AI, which affected liquidity in both digital assets and stock markets. According to a recent CoinShares report, investor sentiment took a hit from DeepSeek’s rise. While there were still positive inflows in digital assets, they were much

Bybit CEO Ben Zhou warns crypto liquidations may have hit $10 billion after US tariffs

February 5, 2025 2 mins read

Ben Zhou, the CEO of Bybit, has raised concerns about the state of the crypto market. He estimates that liquidations could reach between $8-10 billion, which is much higher than the reported figures. Zhou explained that major exchanges, including Bybit, limit the liquidation data shared publicly. This means that actual losses are likely much worse than they seem. He compared the current situation to the 2022 collapse of FTX, where

Utah to become the first state in the US to establish a Bitcoin reserve

February 5, 2025 2 mins read

Utah is poised to become the first state in the U.S. to create a Bitcoin reserve. The state has a quick 45-day legislative calendar, which encourages lawmakers to act fast. This gives Utah an advantage over other states in adopting Bitcoin. Dennis Porter, CEO of the Satoshi Action Fund, believes Utah is leading in this effort. He highlights the state’s digital asset task force, which works year-round. This task force