Norway’s sovereign wealth fund—Norges Bank Investment Management (NBIM)—increased its indirect Bitcoin exposure by 153% in 2024 to 3,821 BTC, according to Vetle Lunde, a senior analyst at K33 Research. Lunde explained that the exposure likely stems from sector-based investment strategies rather than a direct push toward Bitcoin. However, the steady increase shows how BTC is […]
The Sui blockchain is making strides in improving accessibility by enabling transactions through SMS. On Jan. 27, Mysten Labs Co-Founder and Chief Cryptographer Kostas Kryptos Chalkias shared a demo showcasing how SMS-based transactions function on the SUI network. Mysten Labs is the developer behind the Sui Layer 1 blockchain network. Adeniyi Abiodun, another Mysten Labs […]
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Crypto-focused exchange-traded products (ETPs) experienced a significant boost, recording $1.9 billion in inflows last week. This was only the second-largest weekly inflow of 2025, bringing total inflows for the year to $4.8 billion, according to the latest report by CoinShares. James Butterfill, CoinShares head of research, pointed out that this uptick may be tied to […]
Rosseti, Russia’s state-owned electricity giant, is reportedly evaluating Bitcoin mining to enhance energy utilization in areas with surplus capacity, local news agency TASS reported. According to the report, the power grid operator plans to establish mining infrastructure in regions with low energy demand. The company believes this move would improve energy efficiency and generate tax […]
Taiwan’s Financial Supervisory Commission (FSC) has unveiled plans to allow banks to issue stablecoins as part of a comprehensive regulatory framework for virtual asset service providers (VASPs). The draft bill, expected in June, aims to establish stablecoins as a bridge between the New Taiwan dollar (TWD) and digital currencies, according to local media reports. The […]
Venture capital (VC) giant Andreessen Horowitz (a16z) is scaling back its high-profile push into the UK crypto market, as reported by The Financial Times, to refocus its efforts on the US under President Donald Trump’s administration. The firm, which opened its first office outside the US in London in 2023, had touted its expansion as […]
Marathon Digital, a prominent Bitcoin mining company, has immortalized incoming US President Donald Trump on the blockchain network of the flagship digital asset. On Jan. 17, Marathon Digital CEO Fred Thiel detailed the creation of the “Trump 47” block on social media platform X, saying: “The ‘Trump 47’ block was composed with AI to form […]
Ethereum developers are preparing to introduce the network’s next upgrade, Pectra, in March 2025. This timeline was discussed during the latest Execution Layer Meeting on Jan. 16, where key milestones leading to the mainnet activation were outlined. According to the developers, preparation begins with finalizing block numbers for the Sepolia and Holesky forks, which is […]
Senator Cynthia Lummis sent letters to US authorities expressing her concerns over the plans to liquidate the 69,370 Bitcoins (BTC) tied to the Silk Road and the alleged destruction of material regarding the Federal Deposit Insurance Corporation (FDIC) activities on digital assets. In the letter addressed to Ronald L. Davis, Director of the US Marshals […]