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news-imageMarch 11, 2025

Texas introduces second Bitcoin reserve bill to allow $250M investment

Texas state lawmakers have introduced a second Bitcoin reserve bill that would allow the state Comptroller to invest up to $250 million in Bitcoin or other cryptocurrencies.
Publisher: Crypto news
Sentiment: Positive
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cover-imageCointelegraph
March 12, 2025

Senator Lummis' new BITCOIN Act allows US reserve to exceed 1M Bitcoin

US Senator Cynthia Lummis' newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which would be paid for by diversifying existing funds within the Federal Reserve system and the Treasury department. However, the reintroduced act, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means other than direct purchase, such as civil or criminal forfeitures, gifts made to the US or transfers from federal agencies.

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cover-imageCryptoSlate
March 12, 2025

Bullish bets soar as Bitcoin call options target $120K strike

Analyzing open interest distribution across different strike prices offers critical insights into market sentiment and potential price trajectories. Strike prices represent the specific levels at which options contracts can be exercised — essentially, the prices at which traders can buy or sell Bitcoin if they act on their contracts.

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cover-imageBitcoin Magazine
March 11, 2025

The United States Must Embrace Bitcoin Now: A Recap Of Bitcoin For America

Bitcoin Magazine The United States Must Embrace Bitcoin Now: A Recap Of Bitcoin For America Speakers at the Bitcoin Policy's Institute's Bitcoin For America event made the case that it's time for the United States to lead the way when it comes to Bitcoin adoption. This post The United States Must Embrace Bitcoin Now: A Recap Of Bitcoin For America first appeared on Bitcoin Magazine and is written by Frank Corva.

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cover-imageCryptonews
March 11, 2025

Rep. Nick Begich Introduces Companion Legislation to Sen. Cynthia Lummis' BITCOIN Act

Congressman Nick Begich has introduced a companion bill to Sen. Cynthia Lummis' BITCOIN Act, advocating for Bitcoin's integration into the national financial framework. The bill seeks to establish decentralized Bitcoin vaults and recognize Bitcoin as a long-term reserve asset to enhance U.S. economic resilience. The post Rep. Nick Begich Introduces Companion Legislation to Sen. Cynthia Lummis' BITCOIN Act appeared first on Cryptonews.

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cover-imageCryptonews
March 11, 2025

Senator Cynthia Lummis Re-introduces The BITCOIN Act

Senator Cynthia Lummis reintroduces the BITCOIN Act, a legislative proposal advocating for a Strategic Bitcoin Reserve. The bill aims to integrate Bitcoin into national reserves, addressing fiscal challenges while reinforcing the U.S. financial position in a shifting global economy. The post Senator Cynthia Lummis Re-introduces The BITCOIN Act appeared first on Cryptonews.

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cover-imageCryptonews
March 11, 2025

Bitwise Launches Bitcoin Standard Corporations ETF (OWNB) Tracking Firms

Bitwise launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), which tracks publicly traded companies holding at least 1,000 Bitcoin in their treasury reserves. The ETF gives investors exposure to companies integrating Bitcoin into their financial strategies. The post Bitwise Launches Bitcoin Standard Corporations ETF (OWNB) Tracking Firms appeared first on Cryptonews.

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cover-imageBenzinga
March 11, 2025

Bitcoin, Ethereum, XRP, Dogecoin Surge Following Bitcoin Act Of 2025 Announcement

Crypto markets are rallying on Tuesday as the Bitcoin Act of 2025 is introduced in the House, proposing the acquisition of one million BTC over five years with a 20-year lockup. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $82,985.45 +5.4% Ethereum (CRYPTO: ETH) $1,951.21 +4.6% Solana (CRYPTO: SOL) $127.73 +6.6% XRP (CRYPTO: XRP) $2.19 +6.4% Dogecoin (CRYPTO: DOGE) $0.1680 +7.1% Shiba Inu (CRYPTO: SHIB) $0.00001225 +4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 49.4% and daily active addresses growing by 19.9%.

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cover-imageBloomberg Markets and Finance
March 11, 2025

Bitfarms CEO on US Energy Policy, Bitcoin Miners

President Donald Trump said he is willing to increase steel and aluminum tariffs on Canada to 50% in retaliation against Ontario's move to raise taxes on electricity sent to the US. Canadian based Bitcoin miner Bitfarms' CEO Ben Gagnon gives his take on the tariffs and their impact on crypto miners.

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cover-imageCointelegraph
March 11, 2025

Texas lawmaker seeks to cap state's proposed BTC purchases to $250M

A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset.In a bill filed on March 10, Texas Representative Ron Reynolds proposed the state's comptroller not be allowed to invest more than $250 million of its Economic Stabilization Fund — otherwise known as a “rainy day” fund — in Bitcoin (BTC) or other cryptocurrencies. The legislation also suggested that Texas municipalities or counties could not invest more than $10 million in crypto.

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cover-imageCointelegraph
March 11, 2025

Texas lawmaker seeks to cap state's proposed BTC purchases at $250M

A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset.In a bill filed on March 10, Texas Representative Ron Reynolds proposed the state's comptroller not be allowed to invest more than $250 million of its Economic Stabilization Fund — otherwise known as a “rainy day” fund — in Bitcoin (BTC) or other cryptocurrencies. The legislation also suggested that Texas municipalities or counties could not invest more than $10 million in crypto.

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cover-imageCryptonews
March 11, 2025

Bitcoin Could Be at Deep Value Levels or Start of a Bear Market: CryptoQuant

Bitcoin's valuation metrics are pointing toward a critical market shift, with CryptoQuant highlighting bearish indicators, slowing whale accumulation, and declining ETF demand. Analysts debate whether Bitcoin is at deep value levels or at the start of a prolonged bear market. The post Bitcoin Could Be at Deep Value Levels or Start of a Bear Market: CryptoQuant appeared first on Cryptonews.

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cover-imageBitcoin Magazine
March 11, 2025

US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Bitcoin Magazine US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC Speaking at the “Bitcoin for America” summit, lawmakers announced their plans to create a federal bitcoin reserve that would see the U.S. buy one million BTC. This post US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC first appeared on Bitcoin Magazine and is written by Nik.

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cover-imageBenzinga
March 11, 2025

Bitcoin Act Of 2025 Introduced In The House Of Representatives

U.S. Congressman Nick Begich (R-AK) on Tuesday introduced the Bitcoin (CRYPTO: BTC) Act of 2025 in the House, aiming to fund the newly-established strategic Bitcoin reserve. What Happened: The bill proposes acquiring 1 million BTC over five years, with a 20-year holding period, leveraging Federal Reserve remittances and other financial tools—without taxpayer funding.

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cover-imageCointelegraph
March 11, 2025

Bitwise launches Bitcoin corporate treasury ETF

Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11. The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise said.

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