Happy Tuesday!

In today's CryptoSlate daily newsletter, we explore the latest headlines that are shaping the cryptocurrency landscape. Russian lawmaker Anton Tkachev has unveiled a proposal for a strategic Bitcoin reserve, positioning Russia to leverage digital currency as a safeguard against geopolitical financial pressures. Meanwhile, the market is reeling from another flash crash, resulting in a staggering $1.52 billion in liquidations as over-leveraged traders scramble to exit their positions amid heightened volatility. On the technological front, Google's Willow quantum chip is igniting discussions within the crypto community about the urgent need to future-proof Bitcoin's security against potential quantum threats. Join us as we unpack these critical developments and their implications for the crypto market.

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The global crypto market cap is $3.35 trillion, with a 24-hour volume of $348.24 billion. The price of Bitcoin is $95,946.61, and BTC market dominance is 56.5%. The price of Ethereum is $3,571.12, and ETH market dominance is 12.8%. The Crypto Fear & Greed Index is currently Greed (78).

📰 Top News

Russian lawmaker proposes strategic Bitcoin reserve to counter geopolitical challenges

As Bitcoin gains traction globally, Tkachev's plan positions Russia to use digital currency as a hedge against geopolitical financial barriers.

Bitcoin sees another flash crash, leading to $1.52 billion cascade in crypto liquidations

Over-leveraged positions amplify crypto market chaos as $1.52 billion is liquidated in hours amid Bitcoin's second flash crash in a week.

Google’s Willow quantum chip brings Bitcoin security debate 10 years closer

Willow quantum chip milestone prompts the crypto industry to tackle future-proofing obligations for Bitcoin.

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Latest Insights

• MicroStrategy now controls over 2% of Bitcoin supply after latest $2.1 billion purchase

• Bitcoin’s drop triggers $1.57 billion in liquidations

• Marathon Digital boosts Bitcoin reserves by over 50% this quarter, nears $4 billion in holdings

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🗞️ More News

• Tether USDT wallets surge to 109 million, challenge Bitcoin and Ethereum user base

• Jetking Infotrain becomes India’s first public company to hold Bitcoin as treasury reserve

• Jupiter to airdrop $860 million in JUP tokens to loyal community voters

• Bitcoin shows strength for further upside as it consolidates on $100k — Bitfinex

• Ethereum community debates raising gas limits amid stability and security concerns