Bitcoinsistemi

The reevaluated GENIUS Act, a crypto-friendly stablecoin bill, may benefit Ethereum the most, according to Placeholder managing partner Chris Burniske. Solana and Tron could also see positive effects.

Singapore-based fintech company DigiAsia Corp plans to create resources of up to $100 million to form a Bitcoin treasury reserve, resulting in over 90% increase in share value during Monday trading hours. The company aims to allocate 50% of future net profits to Bitcoin purchases. The potential move to integrate Bitcoin demonstrates a strategic shift in treasury diversification common among public firms. The company is also considering various financing mechanisms like convertible bonds and crypto-linked instruments to support its Bitcoin strategy, while intending to generate returns from assets through corporate loans and staking via regulated partners. DigiAsia's announcement has drawn investor interest despite uncertainties in successfully implementing the Bitcoin acquisition strategy, as it aligns with firms like MicroStrategy and Metaplanet positioning Bitcoin as a long-term corporate asset. The company reported revenue of $101 million and EBIT of $12 million for 2024 in its recent update, hinting at a promising future if funding is secured for the Bitcoin acquisition strategy.

Rising interest in Bitcoin ETFs, approaching Basis Trading approximately 9%, and signals of institutional revitalization are observed as investors seek returns from revived basis trading and strong Bitcoin prices. ETF inflows reach $667.4 million, led by BlackRock's iShares Bitcoin Trust. Increased activity in CME Bitcoin futures indicates growing market potential, with opportunities for institutional investors to benefit from improved spreads.

President Donald Trump is set to host a gala dinner in Washington DC on May 22, honoring the top 220 holders of his meme coin TRUMP. Among them, Tron founder Justin Sun will attend as the top TRUMP holder. The event is expected to be the biggest crypto gathering of the year.

JPMorgan CEO Jamie Dimon, known for his hostility towards Bitcoin, announced that the bank will allow clients to buy Bitcoin but will not store it. Despite his previous skepticism, Dimon stated that clients' choice to buy Bitcoin will be respected.

SEC Commissioner Hester Peirce proposed a "safe harbor" framework at the SEC Speaks conference, calling for a new approach to regulating crypto assets. Under her proposal, certain crypto projects could be exempt from securities regulations for a limited time if they meet transparency and investor protection conditions. Peirce emphasized the need for clear criteria on when a crypto asset transitions from an investment contract to an independent asset. She also highlighted the importance of creating a regulatory framework that balances investor protection with fostering innovation in the crypto industry. The proposed safe harbor framework would require issuers to disclose public commitments related to the network's technical functionality or decentralization goals and regularly update investors. Peirce also advocated for creating a specific exemption regime to prevent token distributions via airdrops from being classified as registered sales.

Experienced crypto analyst Fred Krueger predicts Bitcoin (BTC) will double this year. He advises against market timing and criticizes financial institutions not holding Bitcoin directly. Krueger believes in the long-term HODL strategy for Bitcoin.

The proposal BIP-177 suggests renaming the smallest unit of Bitcoin from "satoshi" to "1 Bitcoin," aiming for easier user understanding without changing the technical infrastructure. Feedback on the proposal varies among Bitcoin community members.

The US Congress debates a stablecoin bill, facing criticism from Democratic senators. The bill aims to regulate stablecoins and protect investors, but concerns about potential loopholes and lack of consumer protection prompted calls for amendments. Some Democrats are wary, which may influence the bill's progress in the Senate.

Charles Hoskinson, founder of Cardano, refuted claims of misusing a $600 million ADA fund. He announced plans to release an audit report to address controversial transfers during the Allegra hard fork, aiming to clarify the situation and regain trust from the community. Hoskinson denied allegations of unauthorized use of ADA and expressed disappointment in community members for not trusting him. He plans to delegate his social media accounts to a media team after publishing the audit report.