Hong Kong lawmaker advocates including Bitcoin in national reserves
Hong Kong lawmaker advocates including Bitcoin in national reservesWu Jie believes Hong Kong's strategic move towards Bitcoin integration could enhance economic resilience and attract innovative businesses.
Happy Monday!In today's CryptoSlate newsletter, we highlight key developments making waves in the cryptocurrency world. Hong Kong lawmaker Wu Jie is advocating for the city to include Bitcoin in its national reserves, suggesting this could enhance economic resilience and attract innovative businesses. Meanwhile, A16z is taking a bold step by suing the IRS over new DeFi regulations, arguing that these changes threaten the future of decentralized finance. In regulatory news, Bybit has been ordered to shut down its operations in Malaysia after being flagged for unlicensed activities, raising concerns about compliance in the crypto exchange sector. These stories reflect the ongoing evolution and challenges within the cryptocurrency landscape. LATEST SLATECAST 🎙️ Exploring DeFi on Telegram: Alexander Sudeykin on EVAA Protocol and the TON ecosystem 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.21 trillion, with a 24-hour volume of $120.92 billion. The price of Bitcoin is $92,177.76, and BTC market dominance is 56.6%. The price of Ethereum is $3,331.87, and ETH market dominance is 12.4%. The best-performing sector is Insurance, which gained 9%. The Crypto Fear & Greed Index is currently Greed (65). 📰 Top News
Hong Kong lawmaker advocates including Bitcoin in national reservesWu Jie believes Hong Kong's strategic move towards Bitcoin integration could enhance economic resilience and attract innovative businesses. A16z is suing IRS over new DeFi rulesA16z believes the lawsuit is essential for safeguarding DeFi innovation against "midnight" broker rules. Bybit shut down in Malaysia over unlicensed operationsMalaysia orders Bybit to halt operations after three years on investor alert list, citing regulatory breaches.
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The fund now holds over $17 million worth of shares from the spot Bitcoin ETF, which is among the 35 largest funds to ever launch. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Analysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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