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#GENIUSAct The United States Senate has approved the GENIUS Act with a vote of 66 in favor and 32 against, marking a significant step toward the regulation of stablecoins. What does this advancement imply? Clear regulation for stablecoins: The bill establishes strict requirements, such as 1:1 backing in US dollars, monthly audits, and clear redemption rules, aiming to strengthen trust in these digital assets. Boost for the digital dollar: The GENIUS Act aims to reinforce the supremacy of the dollar by modernizing payment infrastructure, positioning the US as a leader in digital financial innovation $BTC
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The Impact of Bitcoin on Equity Capital Markets Highlighted by the Founder of Strategy
According to BlockBeats, the founder of Strategy, Michael Saylor, has expressed that Bitcoin is transforming the equity capital markets. Saylor's comments underscore the growing influence of cryptocurrencies on traditional financial systems, suggesting a shift in how capital is raised and managed. This development reflects the broader trend of digital assets gaining momentum across various sectors, potentially restructuring investment strategies and market dynamics.
French Bank to Launch the First Dollar Stablecoin Issued by a Bank on Ethereum
According to PANews, the cryptocurrency subsidiary of the French banking giant Société Générale, SG Forge, is set to introduce the first dollar stablecoin issued by a bank on the Ethereum network. This initiative will position Société Générale as the first multinational banking group to issue a dollar stablecoin on a public blockchain. The stablecoin is primarily aimed at institutional investors and aims to meet the demand for liquidity in tokenized dollars regulated by the European Union. SG Forge holds an EU electronic money license and previously launched a stablecoin in euros, EURCV, in April 2023, which currently has a circulation of 40 million euros. The company plans to expand the availability of the stablecoin to other public blockchains, such as Solana, in the future.
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*Whisky manufacturer Heritage adopts payments in Bitcoin*
According to Odaily, Bloomberg's senior ETF analyst, Eric Balchunas, shared on platform X that whisky manufacturer Heritage has started accepting payments in Bitcoin and is depositing the profits in the company's treasury. Balchunas noted that this strategy is prudent. He suggested that if a company intends to build a Bitcoin reserve, acquiring Bitcoin through its acceptance as payment can be beneficial. This approach allows Bitcoin enthusiasts to purchase products, which could increase sales as the company accepts Bitcoin.
*U.S. states increase investment in MSTR shares in early 2025*
According to Foresight News, Julian Fahrer, founder of Bitcoin Laws, has revealed that public pension and fiscal funds in 14 U.S. states have increased their exposure to MSTR shares to $632 million in the first quarter of 2025. The states collectively added $302 million in investments in MSTR during this period, marking an average increase of 44% in their holdings.
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#EthereumSecurityInitiative The Ethereum Foundation has launched the "One Billion Dollar Security" (1TS) initiative to enhance the security and scalability of Ethereum. This ecosystem-level effort aims to make Ethereum secure enough to handle billions of dollars in assets and billions of users. *Key Objectives:* - *Identify Weak Points*: Conduct a thorough scan of the Ethereum ecosystem to identify vulnerabilities, including wallet security and node connectivity. - *Fix What Needs to Be Fixed*: Coordinate improvements, such as security updates for wallets, smarter consensus designs, and better infrastructure. - *Keep Everyone Informed*: Publish updates, share findings, and encourage community contributions to build trust and transparency. *Leadership:* The initiative is led by Fredrik Svantes, a protocol security expert at the Ethereum Foundation, and Josh Stark, along with high-profile security experts like Samczsun from Paradigm, Mehdi Zerouali from Sigma Prime, and Zach Obront, co-founder of Etherealize ¹. Unfortunately, I am a text-based AI and cannot provide images. However, I can suggest some resources where you might find relevant images or graphics related to Ethereum or the 1TS initiative: - Blog or official website of the Ethereum Foundation - Cryptocurrency news websites or blogs - Social media platforms like Twitter or LinkedIn, where the Ethereum Foundation or its leaders share updates
#MastercardStablecoinCards Mastercard is intensifying its foray into the world of stablecoins. Recently, it partnered with MoonPay to launch stablecoin cards globally. These cards will allow users to make payments with their stablecoins, such as USDC, at over 150 million merchants that accept Mastercard worldwide. This initiative aims to simplify the use of digital assets in everyday transactions, converting stablecoins to local currency at the point of sale. Additionally, Mastercard has integrated with Kima to facilitate top-ups of prepaid cards using stablecoins directly from self-custody wallets. These moves underscore Mastercard's growing interest in integrating stablecoins into its global payment infrastructure, seeking to bridge the gap between traditional finance and the cryptocurrency ecosystem.