Bitcoin Reserve Initiative in the US
At a meeting to be held on September 16 on Capitol Hill, a plan to establish a “strategic Bitcoin reserve” in the US will be discussed, sponsored by Senator Cynthia Lummis and Representative Nick Begich. Names from the crypto sector such as Michael Saylor and Tom Lee will also attend the meeting and share their views on the bill. This initiative is seen as a critical step in terms of the U.S. evaluating Bitcoin as a national reserve asset.
U.S. Treasury Secretary Benson Comments on AI and Inflation
Benson said artificial intelligence contributes to increased productivity. She also drew attention to the burden of customs duties on exporters in terms of inflation. In another statement, she said she could approve interest rate hikes if Trump sees inflation as a problem.
Possibility of 3 Dissenting Votes at the Fed
The US Senate confirmed Adriana Kugler as a member of the Fed Board of Governors. Bowman and Waller, who voted for an interest rate cut at the July meeting, are expected to vote the same way at the September meeting. Analysts say that in this case, three members could vote against the rate hike for the first time since 1988.
Fidelity: 42% of Bitcoin May Not Be Liquid by 2032
Fidelity predicted that if the current pace continues, 8.3 million Bitcoin (42% of supply) will not be liquid by 2032. The liquidity criterion was set as an increase in supply every quarter or an increase in 90% of the last four years. Long-term investors and publicly traded companies holding at least 1,000 BTC fall into this group.
Glassnode: Short-Term Holders’ Price is Fundamental Support
Glassnode explained that the realized price of short-term investors is a critical support level in the Bitcoin bull market. As long as BTC remains above this level, the upward trend is maintained; when it falls below, a correction process usually begins.
Capital B Raises €58.1 Million in Capital Increase
France-based public company Capital B raised €58.1 million from institutional investors through a private placement. The funds will be used to accelerate the company’s Bitcoin treasury strategy.
New Standards for Crypto ETPs from the SEC
According to The Block, the US SEC is preparing to introduce universal listing standards for crypto spot ETPs. Under the new regulation, products that meet the criteria will be approved within 75 days without the need for individual applications. Bitwise CIO Matt Hougan noted that this development could enable many assets like Solana, XRP, and Chainlink to quickly enter the ETP market. A similar regulation previously increased the number of issuances in the traditional ETF market from 117 to 370 annually.
SharpLink announced that it repurchased 1 million SBET shares, bringing the total repurchase to 1.94 million. The company currently holds 838,152 ETH; the market value of these assets is approximately $3.86 billion. It also earned 3,240 ETH in rewards through staking, and its asset concentration increased by 99%.
Israel Seizes Iran-Linked Wallets
Israel’s Ministry of Defense seized $1.5 million from 187 wallets believed to be linked to Iran’s IRGC. Blockchain firm Elliptic revealed that these wallets had received a total of $1.5 billion USDT in the past but currently have very low balances.
Reliance Global Makes $120 Million Crypto Investment
Nasdaq-listed Reliance Global plans to invest up to $120 million to create a portfolio including Bitcoin, Ethereum, and Solana. $60 million will be allocated in the first phase, with the remaining purchases to be made in stages. The company also plans to work on the tokenization of insurance assets.
Canary Announces Litecoin ETF Fee
Canary announced it will charge a 0.95% fee for its spot Litecoin ETF.
Jefferies: Powell’s Tone is Critical
Jefferies strategist Mohit Kumar said that if Fed Chair Powell emphasizes uncertainty and inflation risks at the meeting, markets could reduce their expectations for interest rate cuts.
New Move from Trump Whale
According to Lookonchain data, a whale that made $11.7 million from Trump purchased 2 million HOLO (≈$791,000) today. This move indicates that the investor has opened a new position on the HOLO side.
