Cryptocurrency Updates

Texas Strategic Bitcoin Reserve officially signed into law

Texas is becoming the third U.S. state to establish a Strategic Bitcoin Reserve with Senate Bill 21, signed by Governor Greg Abbott on June 20, 2025, reflecting a growing state-level trend to integrate Bitcoin into financial systems, following federal proposals like Senator Cynthia Lummis’ bill to acquire 1 million BTC over five years. This move […]

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Coinbase secures license to offer Bitcoin and crypto services across the European Union

The news highlight Coinbase’s strategic shift to secure a MiCA license from Luxembourg’s CSSF, enabling crypto services across all 27 EU countries, a move that leverages Luxembourg’s pro-business regulatory environment over Ireland’s, reflecting a broader trend of EU nations competing to attract crypto firms amid a $2.7 trillion global crypto market as of 2025. This

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Ford Motor Company Explores Cardano For Legal Data Storage In Advisory Role

This highlights Ford Motor Company’s exploratory partnership with Iagon and Cloud Court to test Cardano blockchain for secure legal data storage, a move that leverages decentralized technology to address inefficiencies in managing sensitive legal records, as supported by a 2023 IEEE study showing blockchain reduces data breach risks by 30% in enterprise settings. This collaboration

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Senate officially passes ‘Genius Act’ crypto stablecoin bill.

The Senate’s passage of the GENIUS Act on June 17, 2025, introduces a federal framework requiring stablecoins to be backed 1:1 by liquid assets like U.S. dollars or Treasury bills, a move supported by a 68-30 bipartisan vote, driven by a $119 million crypto industry lobbying effort in 2024 elections, per Reuters. This legislation, championed

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THAILAND JUST APPROVED TO ELIMINATE CAPITAL GAINS TAX ON BITCOIN

Thailand’s recent decision to eliminate capital gains tax on Bitcoin, announced on June 17, 2025, reverses its previous stance under Section 40 (4) (h) of the Revenue Code, potentially attracting global crypto investors despite earlier strict regulations from the Thai SEC, which had banned spot Bitcoin ETFs as noted in a March 2024 CoinDesk report.

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The world’s largest bank, JPMorgan, has filed a trademark for what appears to be a stablecoin called ‘JPMD’

JPMorgan Chase’s recent trademark filing for “JPMD” on June 15, 2025, is suggesting a potential stablecoin, building on their existing JPM Coin launched in 2019, which processes over $1.5 trillion in notional value on a private blockchain, per company reports. This move aligns with a broader trend where major banks are exploring tokenized assets, as

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MICHAEL SAYLOR HAS JUST BOUGHT 10,100 BITCOIN FOR $1.08 BILLION

Michael Saylor’s MicroStrategy purchased 10,100 Bitcoins for $1.05 billion, aligning with their aggressive strategy to hold 582,000 Bitcoins by June 9, 2025, at an average price of $66,384.56, as reported by BitcoinTreasuries.com, reflecting a bold bet on Bitcoin’s long-term value amid volatile markets. This move coincides with a 2025 trend of institutional adoption, supported by

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President Trump’s Truth Social files for Bitcoin and Ethereum ETF

The filing of a Bitcoin and Ethereum ETF by Trump’s Truth Social, announced on June 16, 2025, builds on a 2024 trend where spot Bitcoin ETFs grew to $130 billion in assets, with BlackRock’s iShares Bitcoin Trust leading at $69 billion, signaling a rapid institutional embrace of crypto. This move follows Trump’s March 2025 partnership

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Vietnam’s National Assembly approves the Law to legalise crypto.

Vietnam’s National Assembly passed the Law on Digital Technology Industry on June 14, 2025, legalizing crypto assets and setting a framework effective January 1, 2026, surprising many given the country’s prior ban on Bitcoin mining equipment imports since 2021. Chainalysis 2024 Global Crypto Adoption Index ranks Vietnam fifth globally for crypto use, with 17 million

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Michael Saylor named crypto advisor to Pakistan’s Crypto Council.

Michael Saylor, known for leading MicroStrategy to hold over 252,000 BTC (worth $17.7 billion as of mid-2025), is advising Pakistan’s Crypto Council, marking a shift from corporate to national crypto strategy, inspired by the U.S.’s own Bitcoin reserve discussions at the 2025 Bitcoin Conference. Pakistan’s move to establish a strategic Bitcoin reserve, announced by Crypto

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