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A senior figure in India’s ruling Bharatiya Janata Party (BJP) has called for the country to consider integrating Bitcoin into its official reserve strategy.
On July 26, Pradeep Bhandari, a spokesperson for the BJP, encouraged Indian policymakers to adopt a measured approach to Bitcoin, suggesting that even a small-scale pilot program could strengthen India’s economic resilience and align the...
Hong Kong released a second policy statement to accelerate its digital asset (DA) development and reinforce its ambition to become a global leader in financial innovation.
The latest statement, dated June 26 and dubbed “Policy Statement 2.0,” expands on the framework laid out in its initial release from October 2022.
According to the Hong Kong government, the updated strategy creates a vision for...
Bitcoin miners are holding onto their assets even as mining profitability dips to multi-month lows, a new CryptoQuant report shared with CryptoSlate shows.
The data reveals that miner revenues dropped to $34 million on June 22, marking their weakest earnings since April 20.
Bitcoin Miners Daily Revenue (Source: CryptoQuant)
This comes amid a broader market pullback and a drop in transaction...
Kraken has become the first major global crypto exchange to secure a full Markets in Crypto-Assets (MiCA) license through the Central Bank of Ireland, enabling the company to offer regulated digital asset services across all 30 European Economic Area (EEA) countries.
The license, granted June 26, positions Kraken ahead of the European Union’s year-end MiCA compliance deadline for crypto asset...
World Liberty Financial, the DeFi project part-owned by US President Donald Trump, has announced plans to enable transfers of its WLFI token.
In a June 25 post on X, the team stated:
“You asked to make WLFI transferable — we heard you. The team is working behind the scenes to make it happen.”
The team failed to provide further information about the timeline for this development.
WLFI is the core...
Japan-based Metaplanet has overtaken Tesla among corporate Bitcoin holders following its largest single purchase to date.
On June 26, the firm confirmed that it acquired 1,234 BTC for approximately $132.7 million, paying an average of $107,557 per coin.
This brings Metaplanet’s total Bitcoin holdings to 12,345 BTC, now worth about $1.33 billion based on current market prices.
The company’s...
The Iran-Israel conflict reportedly cost the two nations roughly $25.5 billion, worth over 240,837 BTC at current prices, according to a report by Opportunity Cost, a digital tool that translates global spending into Bitcoin and Satoshi equivalents.
According to the platform, Israel fired Arrow interceptor missiles, each costing around $3 million or 28.3 BTC, to counter Iranian missiles priced at...
Binance’s monthly Bitcoin (BTC) inflows have fallen to 5,700 BTC, less than half the 12,000 BTC average recorded since 2020 and 25% of the 24,000 BTC that hit the exchange during the FTX panic of late 2022, CryptoQuant analyst Darkfost shared in a June 24 note.
Darkfost’s data showed that every material deposit surge of the current cycle matched a local price peak. Net inflows jumped above 17,000...
The European Union is preparing to relax its stance on foreign-issued stablecoins, potentially allowing U.S. dollar-backed tokens like USDC and USDT to circulate freely within the bloc, the Financial Times reported on June 25.
According to the report, the European Commission will soon issue formal guidance enabling stablecoins issued outside the EU to be treated as equivalent to their European-...
US Federal Housing Finance Agency (FHFA) Director Willian J. Pulte ordered on June 25 that Fannie Mae and Freddie Mac treat cryptocurrency reserves as eligible assets when they measure risk on single-family mortgage loans, effective immediately.
The two government-sponsored enterprises must draft plans that show how they will recognize borrower crypto holdings without first converting the coins...