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US entities now hold 65% more Bitcoin than non-US counterparts, marking a record high in global reserves. This surge follows increased institutional demand, with notable players like MicroStrategy and new entrants like Thumzup Media Corporation investing heavily in Bitcoin.The trend is prompting global interest, as countries like Japan consider building strategic Bitcoin reserves, potentially inspired by US initiatives. Czech National Bank's governor has also proposed Bitcoin acquisition for diversification, joining a growing list of nations exploring crypto as a reserve asset.
Solana (SOL) is poised for significant growth by 2025, driven by the anticipated approval of U.S. Exchange Traded Funds (ETFs) and increasing retail demand. Analyst Nikolai Shendergaard from Nansen Research believes that Solana's price around $200 will attract new investors, despite recent market adjustments. With five companies, including VanEck and Grayscale, vying for ETF approval, optimism in the crypto market is on the rise.
Story has announced its integration of Stability AI's models to enhance open-source AI development, enabling creators to monetize their contributions effectively. By utilizing blockchain technology, Story aims to ensure proper attribution and compensation for creative work in the rapidly evolving AI landscape. Applications like Mahojin and ABLO exemplify how this collaboration can empower creators and safeguard their intellectual property.
Solana is set for significant growth in 2025, driven by retail investor interest and the anticipated approval of a US-based Solana exchange-traded fund (ETF). Despite a recent price drop below $200, analysts predict Solana could surpass $400, with several companies vying for ETF approval by late January 2025. The potential ETF may enhance accessibility for traditional investors seeking exposure to SOL, following Brazil's successful ETF launch.
Solana is set for significant growth in 2025, driven by retail investor interest and the anticipated approval of a US-based Solana exchange-traded fund (ETF). Despite a recent price drop below $200, analysts predict Solana's price could exceed $400, with multiple companies vying for ETF approval by late January 2025. The potential ETF may enhance accessibility for traditional investors seeking exposure to SOL, following Brazil's successful ETF launch.
US entities now hold 65% more Bitcoin than offshore players, with reserves reaching an all-time high as of January 9. This surge coincides with Bitcoin's price increase, driven by institutional demand, particularly from MicroStrategy, which recently purchased 1,070 BTC. Despite a recent price correction, the dominance of US-held Bitcoin remains significant, reflecting growing institutional interest and market dynamics.
Donald Trump’s transition team is interviewing candidates for the CFTC chair position, which is expected to play a crucial role in regulating the $3.5 trillion crypto industry. Among the candidates are Brian Quintez, Caroline Pham, and Marco Santori, with Quintez seen as a strong contender due to his crypto expertise. The Trump administration aims to create a regulatory-friendly environment for crypto, contrasting with the current SEC's enforcement-heavy approach.
Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, allowing employees to receive wages in Bitcoin as a response to inflation and the declining value of the US dollar. The bill, SB325, aims to position Oklahoma as a leader in financial technology by enabling businesses to accept Bitcoin payments. Deevers emphasized Bitcoin's potential as a hedge against inflation, advocating for a shift towards embracing cryptocurrency in the state's economy.
FTX has contested the sale of its European subsidiary, FTX EU, to Backpack, a platform founded by former FTX employees, claiming no court approval for the transaction. FTX asserts that the transfer was arranged without its or the court's knowledge and emphasizes that Backpack is not responsible for settling claims related to FTX EU's former customers. In contrast, Backpack's CEO insists the acquisition was legitimate and approved by regulatory authorities, stating that FTX EU's obligations are now managed solely by Backpack.
Thursday marks a national day of mourning for former President Jimmy Carter, who passed away at 100. A state funeral will be held at Washington National Cathedral at 10 AM ET, with federal offices closed and the U.S. Postal Service suspending mail delivery. While stock markets will be closed, most banks are expected to remain open, and most schools will operate normally, though some may close due to winter weather. The IRS has extended the deadline for tax returns and payments originally due on this day to January 10, 2025.
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US Bitcoin Holdings Surge as Institutional Demand and Strategic Reserves Rise
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us entities dominate bitcoin reserves as institutional interest surges
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