Dara Kennemer bnAP

#BTCReserveStrategy are some new crypto updates:
Market Updates
- *Bitcoin Price*: Bitcoin's price is around $114,964, with a 0.71% increase.
- *Ethereum Price*: Ethereum's price is $3,724.53, with a 2.57% increase.
- *Global Crypto Market Cap*: The global crypto market cap is $3.83 trillion, with a 1.5% daily increase.¹ ²
Regulatory News
- *SEC Guidance*: The SEC has updated its accounting guidance for USD stablecoins, hinting they might soon be treated like cash.
- *CFTC Regulatory Push*: The CFTC has begun a fast-tracked regulatory push to enact key cryptocurrency policies.
- *South Korea's Crypto Regulations*: South Korea is stepping up its crypto game, launching a dedicated virtual asset division to oversee the market and draft regulations.³ ⁴ ⁵
Investment and Adoption
- *Metaplanet's Bitcoin Purchase*: Metaplanet, Japan's leading Bitcoin treasury firm, has acquired another 463 BTC worth $53.7 million.
- *Bakkt's Crypto Treasury Venture*: Bakkt has acquired a 30% stake in Japan's Marusho Hotta, rebranding it as (link unavailable) for crypto treasury services.
- *Visa's Stablecoin Expansion*: Visa has widened its stablecoin offerings, integrating PayPal USD and adding Stellar and Avalanche to its supported blockchain networks.$BTC #

#BTCReserveStrategy Coinbase CEO Brian Armstrong has called for governments worldwide to establish strategic Bitcoin reserves, arguing that cryptocurrencies represent "the next chapter of capitalism." This comes as several nations consider adding Bitcoin to their national reserves as a hedge against inflation and currency devaluation.
💬What percentage of foreign reserves do you think should be allocated to BTC, and what government safeguards would you want in place to manage the volatility?
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