The UK Finance Minister announced plans for the UK to lead in digital assets, including Bitcoin and stablecoins, highlighting their potential for debt relief.
According to BlockBeats, U. S. President Donald Trump is scheduled to deliver a speech marking his 100th day in office with the event taking place 6 p. m. local time at Macomb Community College in Warren, Michigan.
Lawmakers in the state of Arizona have approved a bill that allows the state treasury and pension system to invest up to 10% of available funds in digital assets, including Bitcoin, according to reports from Bloomberg and other outlets. The bill now heads to Governor Katie Hobbs for signature — the final step before it becomes law.
The bill, titled the Arizona Strategic Bitcoin Reserve Act, would make Arizona the first U.S. state to mandate the allocation of a portion of public funds into Bitcoin, if signed into law.
The initiative was authored by Republican Senator Wendy Rogers and Representative Jeff Weninger. The bill's explanatory note emphasizes that the legislation reflects the “growing recognition of digital assets in public financial management.”
Similar proposals are being considered in Iowa, Missouri, and Texas. At the federal level, President Donald Trump signed an executive order in March to establish a strategic reserve of confiscated bitcoins. However, the current version of the order does not authorize new purchases of cryptocurrency. #BTC
🪙 According to a study by Swan analysts, the HODL strategy mainly works for BTC: almost all top altcoins eventually lose up to 90% of their value relative to BTC. For example, QTUM collapsed in 17 months, MATIC in 23 months, and ADA and XRP in 36 months.
Even XMR, although it held up for 72 months, was described by analysts as an example of a “slow agony.”
In the long run, Bitcoin remains the undisputed leader. #btc
Bernstein: Bitcoin will hit new highs as companies increase holdings and ETF "supply tightening" intensifies
This year, the Bitcoin price narrative fluctuates between the "gold" and "Nasdaq" correlations, but Bernstein analysts believe that short-term correlations are highly misleading, and the exhaustion of retail selling, the wave of corporate holdings, and the return of ETF funds are the key indicators, which may drive "supply tightening" to new highs.
Circle, the issuer of the stablecoin, obtained preliminary approval from the Financial Services Regulatory Authority of ADGM to function as a money services provider.
ProShares Clarifies: No XRP ETF Launch on April 30, Bloomberg Analyst Confirms 📰
The much-speculated launch of a ProShares XRP ETF on April 30 has officially been disproved. This clarification comes from Bloomberg ETF analyst James Seyffart, who confirmed that no ETF launch has been planned for the specified date. This announcement puts to rest numerous rumors that were sparked by a stalled regulatory filing.
The confusion surrounding the anticipated XRP ETF launch highlights ongoing challenges in the crypto market related to regulatory approvals and market speculation. Despite the initial excitement, investors and enthusiasts must continue to rely on confirmed reports to guide their expectations and decisions.
Michael Saylor says when banks and experts finally endorse Bitcoin as a good investment, “everyone will want to buy it, no one will need to sell it,” and it will become unaffordable for most people. #MichaelSaylor
: Metamask has partnered with CompoSecure and Baanx to launch a self-custody crypto card backed by Mastercard, allowing users to spend crypto directly. #AirdropStepByStep #AITokensBounce