Everyone Wants A BTC Reserve šŸŖ™

It seems like every State wants in on the BTC reserve action.

OVERVIEW

Everyone Wants A BTC Reserve šŸŖ™ 

Before we dive in, hereā€™s todayā€™s crypto market heatmap:

Source: Santiment

And hereā€™s a look at cryptoā€™s total market cap chart:

Source: TradingView

NEWS IN THREE SENTENCES
Crypto News šŸ“°

šŸ—¼ A Case Study in Onchain Excellence by BlockTower and Centrifuge

BlockTower slashed securitization costs by 97% using Centrifugeā€™s tokenization platformā€”so much for T+25 nonsense. Instead of hemorrhaging money on trustees and manual reconciliation, they turned real-world credit assets into NFTs and let automated smart contracts do the heavy lifting. Centrifuge blog.

šŸ’” Nasdaq Files to List Litecoin ETF

The Canary Litecoin ETF has cleared regulatory hurdles and is primed for a 2025 debut, according to Bloombergā€™s Eric Balchunas. Itā€™s a huge step, not just for LTC (the ā€œsilver to Bitcoinā€™s goldā€), but for the entire altcoin scene. With 300 million total transactions under its belt, Litecoin is strutting into the mainstream and possibly kicking down some doors for other altcoins, too. AltcoinBuzz.

šŸ¤¦ Crypto Trader Misses Out on $4 Million, Cashes Out at $6k

Someone grabbed 46.5 million AGiXT tokens for under $2k, then sold early for a measly $6kā€”only to find they couldā€™ve walked away with over $4 million. Itā€™s the classic ā€œtiming is everythingā€ lesson in crypto, with a side of meme coin heartbreak. Securing a small gain can feel safeā€¦right up until you see the life-changing profits you left on the table. Finbold.

šŸ‘€ Brave Search: Now A Privacy-First Blockchain Explorer

Theyā€™re letting you look up ETH, ENS, and Solana addresses in real time, minus the sketchy trackers that typical explorers love. Basically, Brave built a better block explorer without the usual snooping. Congrats, Googleā€”youā€™re officially outdated. Brave blog.

šŸ’° Phantom Raises $150M At A $3B Valuation

Phantom wants to become the worldā€™s biggest consumer finance platform after a massive funding round led by Sequoia and Paradigm. Theyā€™re rolling out social discovery features, simpler peer-to-peer payments, and an integration with Sui to complement BTC, ETH, and Solana. Crypto-Economy.

šŸŖ™ Synthetix Leveraged Token Rally

Synthetix is rolling out Leveraged Tokens on Base V3 next week, sweetening the deal with 150,000 USDC and 75,000 OP in five weeks of rewards. Anyone who mints these tokensā€”on Optimism or Baseā€”gets a share of the weekly spoils based on fees paid. Just show up, mint some leverage, and collect your tokens like you're picking up mail. Synthetix blog.

BITCOIN
And Now Massachusetts? The List Keeps Growing šŸ“œ 

Back in December 2024, Texas was the first state to have a bill introduced to create the State of Texasā€™ own BTC reserve. But Texas wasnā€™t the first, that was Pennsylvania in November 2024. šŸ§  

Since then, Ohio, New Hampshire, Wyoming, Oklahoma, and North Dakota have all had bills introduced at the State level to create their own BTC Reserves or changes to allow State ownership/investment in other capacities.

And now Massachusettes is added to this list. MA Senator Peter Durant introduced a bill to create a Strategic Bitcoin Reserve. Letā€™s see how much bigger that list grows in 2025. šŸ™‚ 

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