Category: crypto

Texas has introduced a second crypto reserve bill, allocating up to $250 million for Bitcoin and other digital assets from the state’s economic stabilization fund. This marks the state’s second attempt at establishing a digital asset reserve, with bipartisan support in the Senate. The bill would take effect on Sept. 1, 2025, aligning with trends…

Kraken has obtained an Electronic Money Institution (EMI) authorization from the UK Financial Conduct Authority (FCA), allowing the issuance of electronic money and streamlining deposit and withdrawal processes for UK users. The approval positions Kraken to introduce new crypto-oriented financial products and solidifies its presence in the UK market.

Base, a Coinbase-backed Ethereum Layer-2 solution, is experiencing rapid growth and is poised to become a key infrastructure provider for mainstream consumer blockchain applications. Significant developments such as Flashblocks, Base Appchains, and smart wallet enhancements are set for Q2, showcasing upgrades needed for consumer app adoption. Nansen highlights Base’s on-chain metrics, regulatory developments, and native…

Strategy, previously known as MicroStrategy, plans to raise $21 billion through its Series A preferred stock (STRK) to acquire more Bitcoin. The company will issue shares of its 8.00% Series A perpetual strike preferred stock at the market price, offering investors an 8% annual dividend with no redemption period.

Bitcoin (BTC) has dropped below $80,000, trading at $77,400 after a 5.84% decrease over 24 hours. Recent buyers realizing losses have contributed to the downturn, with Bitcoin falling 13% in the past week. The Spent Output Profit Ratio (SOPR) indicates capitulation, but potential recovery is possible if SOPR stabilizes above 1.

US congressman and Florida gubernatorial candidate Byron Donalds has proposed establishing a Bitcoin reserve in the state to safeguard against inflation and federal monetary policy. He believes Bitcoin’s historical price appreciation and scarcity make it a valuable asset for Florida’s financial portfolio, suggesting it could be funded through existing surpluses. Other states are also considering…

The European Stability Mechanism (ESM) managing director expressed concerns about the US administration’s support for dollar-backed stablecoins, which could threaten Europe’s monetary autonomy. In response, the ESM is backing the European Central Bank’s efforts to accelerate the development of a digital euro. President Trump signed executive orders to establish a Strategic Bitcoin Reserve.

Acting SEC chairman Mark Uyeda announced that the SEC is considering abandoning a proposal to require certain crypto firms to register as alternative trading systems. This proposal aimed to expand oversight of the crypto sector but has faced opposition. The SEC is now more inclined to cooperate with other government agencies and gather public feedback…

The Cayman Islands has introduced new regulations requiring crypto firms offering custody and trading services to obtain approval from the Cayman Islands Monetary Authority by April 1, 2025. The rules aim to align with international standards, improve market integrity, and strengthen investor protections. Firms have until July 1, 2025, to comply with the new requirements,…

AlphaFutures remain stable while spot Bitcoin trading volume drops significantly by over 26% due to reactions from traders to Trump’s strategic reserve plan and tensions between the U.S. and China.