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- Everyone Wants A BTC Reserve šŖ
Everyone Wants A BTC Reserve šŖ
It seems like every State wants in on the BTC reserve action.
OVERVIEW
Everyone Wants A BTC Reserve šŖ
Before we dive in, hereās todayās crypto market heatmap:
And hereās a look at cryptoās total market cap chart:
NEWS IN THREE SENTENCES
Crypto News š°
š¼ A Case Study in Onchain Excellence by BlockTower and Centrifuge
BlockTower slashed securitization costs by 97% using Centrifugeās tokenization platformāso 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.
š” Nasdaq Files to List Litecoin ETF
The Canary Litecoin ETF has cleared regulatory hurdles and is primed for a 2025 debut, according to Bloombergās Eric Balchunas. Itās a huge step, not just for LTC (the āsilver to Bitcoinās 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.
š¤¦ 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 $6kāonly to find they couldāve walked away with over $4 million. Itās the classic ātiming 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.
š Brave Search: Now A Privacy-First Blockchain Explorer
Theyāre 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 Congrats, Googleāyouāre officially outdated. Brave blog.
š° Phantom Raises $150M At A $3B Valuation
Phantom wants to become the worldās biggest consumer finance platform after a massive funding round led by Sequoia and Paradigm. Theyāre rolling out social discovery features, simpler peer-to-peer payments, and an integration with Sui to complement BTC, ETH, and Solana. Crypto-Economy.
šŖ 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 tokensāon Optimism or Baseāgets 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 š
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 wasnāt the first, that was Pennsylvania in November 2024. š§
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. Letās see how much bigger that list grows in 2025. š
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