U.S. Government to Disclose Bitcoin Holdings Following Presidential Directive
The U.S. Treasury and other federal agencies are set to reveal their holdings of Bitcoin and other cryptocurrencies on April 5, following a recent directive from U.S. President Donald Trump. The announcement will clarify whether digital assets like XRP, SOL, and ADA will be included in the national digital asset reserves. David Bailey, CEO of BTC Inc, suggests that the audit results may explain recent Bitcoin price movements.
A Missouri bill proposes establishing a Bitcoin reserve fund for state investments
House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees. Bitcoin collected cannot be sold for five years. Utah has passed a similar bill, and at least 16 other states, including Arizona and Wyoming, are considering cryptocurrency investments. Missouri’s Plan to Create a Bitcoin Reserve Fund A new bill introduced by Representative Ben Keathley moves Missouri a step closer to adopting Bitcoin. House Bill 1217 creates the opportunity for a bitcoin reserve fund for the state so that it can invest in bitcoin as part of its financial strategy.
The idea is that the usage of bitcoins will protect the state’s investment from inflation, ensuring more diversification in investments. If the bill gets passed, it will allow the Missouri state treasurer to buy, hold, and manage Bitcoin. The bill further allows the state to accept donations in Bitcoin by residents and governmental entities to further grow the reserve.
Bybit, the world’s second-largest crypto exchange by trading volume, was given a 9.27 crore rupees fine ($1.06 million) by India’s Financial Intelligence Unit (FIU), according to a press release from the Indian Ministry of Finance.
The fine was imposed for allegedly violating the Prevention of Money Laundering Act (PMLA), according to official documents published on Jan. 31,
Kraken delists USDT and other stablecoins Under EU MiCA Kraken will remove Tether’s USDT and four other stablecoins from its European market to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations.
The delisting will happen in stages, with complete removal set for March 31, 2025. Along with USDT, the affected stablecoins include PayPal USD, Euro Tether, TrueUSD, and TerraClassicUSD. The process will begin on February 13, when margin pairs for these assets will be set to “reduce-only” mode. Allowing European users to close existing positions but not open new ones.
By February 27, trading will be limited to “sell-only” mode, preventing users from generating new deposit addresses for these stablecoins. Spot trading for these assets will be halted on March 24, and any remaining holdings will be converted into a different stablecoin by March 31.
ESMA has asked crypto exchanges to withdraw non-compliant stablecoins from their platforms step by step in order not to cause market disturbance. Other large exchanges, including Crypto.com and Coinbase, have begun delisting USDT and other similar assets $PHA $PEPE
U.S Senators Urge Fed to Cut Interest Rates Ahead of FOMC Meeting Elizabeth Warren, Jacky Rosen, and John Hickenlooper—three U.S senators—recently wrote to Federal Reserve Chair Jerome Powell, urging him to lower the Fed interest rate. At 5.5%, the current interest rate set by the Fed is the highest level in two decades. High borrowing rates, according to the senators, are making life even more difficult for working Americans.
Americans are feeling the pinch most acutely in the form of rising home and car insurance premiums. In addition, the current call for a rate decrease by the Fed follows a worldwide trend of central banks doing the same. The interest rate differential between the United States and Europe has become even wider when the European Central Bank cut rates from 4% to 3.75%.
A comparable action in the United States is therefore proposed by the senators. The senators expressed their disagreement with the Federal Reserve’s decision to maintain high interest rates, stating that it widens the gap between the US and Europe’s rates. They went on to say that monetary conditions might become tighter as a result of reduced interest rates driving up the currency.
An unprecedented eleven rate hikes have been implemented by the Federal Reserve since March 2022. Concerns about more economic hardship have been stoked by the Federal Reserve’s decision to retain its position on interest rates, despite mounting demands for reduction from lawmakers and scholars.#FOMC_Meeting_Results
Russian Government Successfully Tests Digital Ruble in Budget Process
The Russian government and central bank reported that they successfully tested the CBDC for budget settlements. Apparently, the officials revealed the news one month after the actual trials. The Russian Finance Minister Anton Siluanov has been planning to test and launch the digital ruble for more than a year.
The Russian Ministry of Finance stated that the testing process is going on and revealed no further details. Also, they do not seem to have any plans to make government payments to the local population in CBDCs. As per the previous statements made by Anton Siluanov, they deem the CBDC to be useful for budget funds
Russia Plans to Launch Digital Ruble in 2025 As per the head of the State Duma Committee on Financial Markets Anatoly Aksakov, the digital ruble could make its debut in Chuvashia. Also, credit institutions in the country will be able to use CBDC transactions from July 2025
Wall Street faced a major shock on Monday as Chinese AI startup DeepSeek emerged as a formidable competitor, triggering a sell-off in US tech stocks. NVIDIA, one of the biggest beneficiaries of the AI boom, saw its stock plunge by almost 17%, closing at $118.58 .
This came after DeepSeek, a Chinese startup founded in 2023, announced its latest AI model, R1, which reportedly matches US-developed models like OpenAI’s ChatGPT at a fraction of the cost. The news unsettled investors, who fear that such advancements could disrupt the lucrative AI supply chain that has driven Silicon Valley’s growth. “This is AI’s Sputnik moment,” venture capitalist Marc Andreessen told news agency AP.
The impact was immediate and widespread. The S&P 500 dipped 1.7%, with tech stocks suffering the brunt of the losses. Shares of Microsoft and Meta Platforms, both heavily invested in AI infrastructure, saw sharp declines, while bond yields fell as investors sought safer assets. #DeepSeekImpact #PHA/USDT $PEPE
We're thrilled to officially launch Binance Moonbix, our new Telegram Mini App Game!
🚀 Embark on Your Adventure: Transform into a crypto space explorer, collect special items, and rack up points along the way.
🌖 Climb the Moonbix Hall of Fame: Rank your points and stay on top by completing tasks for extra points and attempts.
🎁 Stay Tuned for Crypto Rewards: Subscribe to our channel to be the first to know about new campaigns!
Prepare for launch in 3...2...1! Hit ‘Play Now’ to start your adventure - TO THE MOON! 👩🚀🚀🌖 https://t.me/Binance_Moonbix_bot/start?startApp=ref_5941158255&startapp=ref_5941158255&utm_medium=web_share_copy$$$