Notable news on 25/06: FED removes Crypto barriers, Norway tightens coin mining, and BNB is about to have its own "MicroStrategy"

Texas pioneers with independent Bitcoin reserves

#Texas has made history by becoming the first state in the United States to establish an independent Bitcoin reserve funded publicly. Governor Greg Abbott has signed Senate Bill No. 21, paving the way for the allocation of 10 million USD from the budget to purchase Bitcoin. This is a stark difference from Arizona and New Hampshire, which have only recently passed laws allowing the establishment of reserve funds, indicating a significant shift in the perspective on digital assets at the state level.

FED "opens the door" for Crypto, Norway "closes the door" on PoW mining

The U.S. Federal Reserve (FED) has removed "reputational risk" from banking oversight programs, making it easier for crypto companies to access traditional banking services. This is good news for the industry's integration. In contrast, Norway is planning to ban new cryptocurrency mining centers using Proof-of-Work starting in the fall of 2025, in order to prioritize energy allocation to other economic sectors more efficiently. #norway

BNB is about to have its own "MicroStrategy", XRP Ledger activity declines

Wall Street is betting 100 million USD on BNB, with a group of former hedge fund experts aiming to turn $BNB into the first treasury asset of a company listed on Nasdaq. This move is supported by CZ but still faces concerns about its connection to Binance. Meanwhile, the number of unique active addresses on the XRP Ledger has decreased by 80% since last December, indicating a significant decline in user interaction.