The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy can drive economic growth in the country. “We were invited to the Vice President’s office to present how Bitcoin could benefit the country,” Bitcoin Indonesia said in an X post…
Read more
The US Commodity Futures Trading Commission has launched an initiative to enable the trading of “spot crypto asset contracts” on CFTC-registered futures exchanges. The invitation is part of the CFTC’s “crypto sprint” initiative to implement recommendations from President Donald Trump’s Working Group on Digital Asset Markets, which included 18 recommendations. “The CFTC is full speed…
Read more
Metaplanet snapped up another 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s recent 5% dip over the weekend. The Japanese investment firm bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million) at an average purchasing price of around $115,895, Metaplanet said in a Monday statement. The purchase…
Read more
Maelstrom Fund chief investment officer Arthur Hayes has warned that mounting macroeconomic pressures could drag Bitcoin back down to the $100,000 level — and he’s already taken crypto profits in anticipation. Hayes linked the recent crypto pullback to renewed tariff fears sparked by the disappointing Non-Farm Payrolls report, which showed just 73,000 new jobs added…
Read more
Crypto lobby group DeFi Education Fund has called on the US Senate Banking Committee to rethink how it plans to regulate the decentralized finance industry after reviewing its recently published discussion draft on a key crypto market-structure bill. The response, signed on behalf of DeFi Education Fund (DEF) members including a16z Crypto, Uniswap Labs, and…
Read more
Strategy’s Michael Saylor has joined the call for the US to create a formal crypto taxonomy to clearly define when a security can be tokenized and what constitutes a digital security or commodity. “My opinion is it would be beneficial to the market if they nail down the digital assets taxonomy,” Saylor said during Strategy’s…
Read more
Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings…
Read more
Bolivia’s top bank called crypto a “viable and reliable alternative” to fiat currencies while signing a memorandum of understanding with El Salvador to accelerate crypto adoption. The agreement, which will see the two countries collaborate on policy development and share crypto intelligence tools, aims to modernize Bolivia’s financial system and improve financial inclusion for families…
Read more
Michael Saylor’s Strategy says it bought 21,021 Bitcoin after raising $2.5 billion from its fourth preferred stock — STRC — making it the largest US initial public offering in 2025 so far. Strategy, which has the largest Bitcoin (BTC) holdings among public companies, said on Tuesday that its latest buy was at an average purchase…
Read more
American billionaire and hedge fund manager Ray Dalio has recommended a 15% portfolio allocation into Bitcoin or gold to optimize for the “best return-to-risk ratio” in light of America’s crippling debt problem and currency devaluation. “[If] you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in…
Read more