$BTC š¼Strategy replenished its reserves: +15,355 BTC worth $1.42 billion
The company Strategy continues to strengthen its positions in Bitcoin ā in its latest purchase, it acquired 15,355 BTC for approximately $1.42 billion, at an average price of ~$92,737 per coin.
#ArizonaBTCReserve The state of Arizona has taken an important step towards the implementation of bitcoin in the United States by 2025, passing two bills that allow direct investments of state funds in digital assets.
On Monday, the Arizona House of Representatives passed Senate bills 1025 and 1373, allowing investment of up to 10% of state assets, equivalent to approximately $3.14 billion, in bitcoin and NFTs. The bill is now awaiting the signature of Governor Katie Hobbs to take effect.
The bills also create a Strategic Reserve Fund for digital assets, which will be used to store confiscated cryptocurrencies and future acquisitions, requiring blockchain audits and strict risk management oversight.
#AbuDhabiStablecoin Circle has received preliminary approval from the Abu Dhabi Financial Services Regulatory Authority to expand its operations in the Middle East. Stablecoins are growing worldwide as an alternative to traditional rails for payments and money transfers. This change in the regulatory bodies came after Circle launched a payment network last week, enhancing the utility of its $62 billion USDC token, while the company experiences a lull following its IPO application in the US.
The majority of Bitcoin is still concentrated among private investors, however, the share of institutional investors through ETFs is rapidly growing, strengthening BTC's status as a global investment asset.
#TrumpTaxCuts U.S. President Donald Trump and his administration will summarize the achievements of the first hundred days in office this week, and will present future plans with a focus on trade agreements and peace negotiations.
#XRPETFs The issuer of exchange-traded funds (ETFs) ProShares has received the green light from the U.S. Securities and Exchange Commission (SEC) to launch three new products related to XRP. These funds will appear this week, indicating an increasing interest in cryptocurrency investments.
This is reported by CoinDesk.
Among the new offerings will be the Ultra XRP ETF with a twofold (2x) leverage, the Short XRP ETF, and the Ultra Short XRP ETF with a downward (ā2x) leverage. Such moves indicate a rapidly growing market for XRŠ tokens, although the approval of a spot XRP ETF is still in question. The SEC is reviewing several applications for spot XRP ETFs, including one from the management company Grayscale, with the deadline for submission ending on May 22.
Interestingly, ProShares' approval came just a few weeks after the Teucrium ETF with 2x XRP debuted in the market, becoming the first XRP ETF in the U.S. On its first trading day, it amassed over $5 million in volume, marking a real success for the new product.
Also, it is worth noting that last week the CME group added XRP futures to its offerings on the largest derivatives exchange in the U.S., which was an important event among products based on BTC, ETH, and SOL.
#AirdropFinderGuide A cryptocurrency airdrop is a distribution strategy used by startups in the cryptocurrency field. It involves providing free coins to users who perform certain actions or meet specific criteria. The methods of distribution can vary depending on their type. The photo below shows where you can get free coins in the Binance app; just go to these sections and fulfill the conditions listed there, it's very simple.
<t-28/>#BTC š ARK Invest forecasts Bitcoin at $2.4 million by 2030
In the updated forecast, ARK Invest estimates a bullish scenario for the price of BTC reaching $2.4 million by 2030 š.
š Key growth drivers: ā š Institutional demand ā š Competition with gold as a means of saving ā š Growth in demand in developing countries