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Tag: Bitcoin

Texas Leads Crypto Innovation with Strategic Bitcoin Reserve

Texas Leads Crypto Innovation with Strategic Bitcoin Reserve

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Historic Legislation: Texas became the first U.S. state to establish a state-backed Bitcoin reserve through Senate Bill 21, signed into law on June 21, 2025. Purpose: The reserve aims to hedge against inflation and diversify Texas’ financial reserves, managed by the Texas Comptroller of Public Accounts. Investment Scope: The fund is limited to cryptocurrencies with an average market capitalization of at least $500 billion over the...

Bitcoin, Front page, News

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Geopolitical Jitters Hit Crypto

Geopolitical Jitters Hit Crypto: How Israel-Iran War Fears Impact Bitcoin and Beyond

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Market Plunge: The crypto market shed 7% of its value, falling to $3.3 trillion, after Israel’s airstrikes on Iran on June 13, 2025. Key Declines: Bitcoin BTC dropped 5% to $103,464, Ethereum ETH fell 10% to $2,471, and altcoins like Solana SOL saw losses up to 11%. Liquidations Surge: $1.2 billion in crypto positions were liquidated as investors shifted to safe-haven assets like gold and U.S. Treasuries. Geopolitical Driver:...

Bitcoin, Cryptocurrencies, Ethereum, Front page, News

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Bitcoin Payments Get Green Light in California

Bitcoin Payments Get Green Light in California

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The California State Assembly passed AB 1180 with a unanimous 68-0 vote, allowing the state to accept payments in Bitcoin and other digital currencies. The bill, described as a “first-of-its-kind” initiative by Assemblymember Avelino Valencia, now heads to the Senate for further deliberation. This move could set a precedent for cryptocurrency adoption across the U.S., potentially influencing other states to follow suit. In...

Bitcoin, Crypto adoption, Cryptocurrencies, Ethereum, Front page, News

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Ethereum ETFs Surge, Price Patterns Hint at Rally

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Ethereum (ETH) is flexing its muscle today, rallying 5% to surpass $2,600 while Bitcoin (BTC) remains flat. A key driver is the robust performance of spot ETH ETFs, which recorded an unprecedented streak of positive inflows from May 16 to May 30, amassing $550 million, per SoSoValue. This sustained capital influx signals growing investor confidence, possibly tied to ETH’s dominance in smart contracts and long-term bets on its scalability. The...

Bitcoin, Crypto market, Cryptocurrencies, Ethereum

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From Meme Stock to Bitcoin Treasury - GameStop’s Crypto Bet

From Meme Stock to Bitcoin Treasury: GameStop’s $512 Million Crypto Bet

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GameStop purchased 4,710 Bitcoin (BTC) for approximately $512–513 million, marking its first major cryptocurrency investment. The acquisition, announced on May 28, 2025, via X, follows a $1.5 billion convertible notes offering in April. GME stock rose nearly 5% in pre-market trading, reflecting investor enthusiasm. The move positions GameStop as the 13th largest public company holding BTC, aligning with the growing trend of...

Bitcoin, Front page, News

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