More Companies Holding Bitcoin as a Reserve Asset
According to Foresight News, the number of public companies holding Bitcoin as a reserve asset has risen to 126. This is a growth of 3.25%, with 22 new companies added in the last 30 days. These companies collectively hold about 819,000 BTC. This increase shows a strengthening trend of institutional investors adopting Bitcoin as a strategic reserve asset.
Michael Saylor’s Advice to Apple: Buy Bitcoin
Strategy co-founder Michael Saylor made a remarkable suggestion after Jim Cramer said Apple’s share buyback plans had failed: “Apple should buy Bitcoin.” According to Saylor, Apple investing its cash reserves in Bitcoin could be a more strategic step for the company.
Trump’s CFTC Nominee: Blockchain is a Technology Shaping Society
Brian Quintenz, the Trump administration’s nominee for the chairmanship of the Commodity Futures Trading Commission (CFTC), said that blockchain technology will transform not only finance but industries more broadly. Quintenz emphasized that clear and open cryptocurrency regulations are needed for the US to maintain its global leadership.
Blackstone Plans $500 Billion Investment in Europe
Blackstone CEO Stephen Schwarzman announced that the company plans to invest 500 billion dollars in Europe in the next 10 years. Stating that they will also start investing in the Middle East, Schwarzman stated that the current situation regarding trade tariffs will be resolved within 6 to 9 months and that this process will not have a significant impact on inflation and growth.
AGI Move by Zuckerberg: Establishing a “Super Intelligence” Team
Meta CEO Mark Zuckerberg is building a “super intelligence” team to develop general artificial intelligence (AGI). This team of around 50 people will develop products to be integrated into Meta’s social platforms, AI assistants and Ray-Ban smart glasses. Zuckerberg reportedly personally selected the team and reorganized the office space.
UK FCA Appoints Sarah Pritchard for Crypto Supervision
The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard to the newly created position of Head of Cryptocurrency Regulation in an effort to expand its authority over crypto assets. The appointment is part of the FCA’s strategy to strengthen its regulatory oversight of the cryptocurrency sector.
MiCA Compliant Stablecoin Move by Societe Generale
French banking giant Societe Generale has issued a new stablecoin called “USD CoinVertible” through its digital asset subsidiary SG-FORGE. This token, which will be issued on the Ethereum and Solana blockchains, is being launched in compliance with the European Union’s MiCA regulations.
Circle’s IPO Sets an Example for the Crypto Industry
Circle, the company behind USDC, has achieved a remarkable feat in its IPO, starting trading at $31 and closing the first week at $107. According to Bybit’s latest report, this performance sets a new benchmark in the industry and reveals that the company was undervalued by Wall Street ahead of its IPO.
Comprehensive Regulation for Digital Assets from South Korea
As part of the election promises of the new president Lee Jae-myung, South Korea is in the process of enacting a comprehensive digital asset regulation to legalize domestic stablecoin issuances and strengthen the cryptocurrency market. The ruling party, led by Lee, submitted the new bill, called the “Digital Asset Basic Act”, to parliament. The law introduces a licensing regime and various regulatory obligations for local stablecoin issuers.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
