Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

Key Takeaways Senator Lummis is advocating for a US strategic Bitcoin reserve strategy to address inflation concerns. The BITCOIN Act proposes the US Treasury acquire 1 million Bitcoins over five years with a 20-year holding period. Senator Cynthia Lummis is set to make a major announcement today at 10 a.m., which could reveal a significant … Read more

Retail Demand for BTC Provides Firm Underpinning in Weaker Crypto Market

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin and most major cryptocurrencies are weaker after Chicago Mercantile Exchange, a proxy for institutional activity, denied reports of listing futures tied to XRP and SOL. Traditional markets are also holding their breath for the expected Bank of Japan interest-rate increase on Friday. Despite BTC’s continued … Read more

Brazilian Oil Giant Petrobras Starts Looking Into Bitcoin Mining

Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is researching this and other Web3 applications to reduce carbon emissions. Brazilian State-Owned Company Petrobras Researches Bitcoin Mining Integration Bitcoin mining is starting to be considered by large oil companies in … Read more

Bitwise eyes first Dogecoin ETF amid rising crypto ETF interest

Bitwise Asset Management has set the stage for what could become its first Dogecoin-focused exchange-traded fund (ETF). On Jan. 22, the firm registered a Delaware statutory trust with Delaware’s Division of Corporations, a common preparatory step for launching financial products. Following the news, DOGE’s value fell by around 5% in the last 24 hours to … Read more

CBI manufacturing survey soft in January – Scotiabank

The CBI’s January survey of manufacturing was generally morose, Scotiabank’s Chief FX Strategist Shaun Osborne notes.   GBP little changed on the session “It revealed a small improvement in still weak orders, some improvement in still weak output and a further slide in the quarterly business optimism reading that likely reflects concerns about the government’s … Read more