JUST IN: Senator Cynthia Lummis appointed as chair of the Senate Banking Subcommittee on Digital Assets.
She wants to "urgently pass" legislation for a Strategic Bitcoin Reserve Source: Bitcoin Magazine
United States banks can now officially hodl Bitcoin.
The SEC's Accounting Bulletin No. 121 required banks to treat Bitcoin as a liability, making it costly and impractical. Today’s repeal means banks can buy and custody Bitcoin, like other assets. Source: Documenting Bitcoin
Will the National Digital Asset Stockpile only be denominated in bitcoin?
One week ago, the NY Post reported that President Trump is considering "prioritizing digital coins founded in the US.” This would include coins like Solana, USDC, and Ripple. Source: The Kobeissi Letter
New research published in the The Journal of Cleaner Production reports
"The findings of this study show that bitcoin mining can be used as an efficient alternative to extract added profits from various planned renewable energy facilities in the US." Source: Documenting ₿itcoin
BREAKING: Google Trends interest about bitcoin are currently at their highest level since 2021.
Worldwide searches for the Bitcoin have doubled over the last several weeks. However, search interest is still below the December 2017 peak and spikes seen in 2019 and 2021. Since November 1st, Bitcoin prices have surged 42.5% and are trading near $100,000. Source: The Kobeissi Letter
The Bitcoin network has 610,929x more hashing computational power than the combined total of the world’s top 500 supercomputers.
Source: Documenting Bitcoin
$JPM CEO Jamie Dimon just said that $BTC is "a Ponzi scheme" that "has no intrinsic value."
Meanwhile, the bank he runs is progressively adopting cryptos… Jamie Dimon, CEO of JPMorgan Chase, reiterated his harsh criticism of bitcoin. Despite his negative stance, Dimon concedes that cryptocurrencies might have a role in the future of finance. His views on Bitcoin have fluctuated over time, highlighting a pattern of inconsistency. And his own bank seems to be ignoring what he is saying...
Putting flows into perspective
gold (in black) vs. bitcoin (in orange) etf inflows per year since launch. Source: Bitwise
