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The Texas House of Representatives has introduced a bill to establish a strategic Bitcoin reserve, aiming to hold the asset for at least five years and collect donations, taxes, and fees in Bitcoin to combat inflation. This initiative follows a surge in Bitcoin's value after Donald Trump's political success, with several states exploring similar measures. Meanwhile, a partnership between Tools for Humanity and Modulus Labs aims to enhance the security and scalability of the World network, which has seen significant user adoption despite regulatory challenges.
Hyperbolic has secured a $12M Series A funding round led by Polychain Capital and Variant, bringing its total funding to $20M. The company, known for its open access AI computing services, plans to expand its teams and launch its own blockchain in 2025, addressing the 'cost of trust' in decentralized GPU networks. With a strong Web2 foundation and partnerships with major AI players, Hyperbolic aims to bridge the gap between Web2 and Web3 through its GPU Marketplace and verifiable Inference Services.
Daniel Shorr
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Texas House proposes strategic Bitcoin reserve amid rising crypto adoption
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