Top 5 Crypto News of the Week! (23 - 29 December)
Dear PointPay Family,
The week is coming to an end—it’s time to recap! We’ve curated the top 5 most fascinating, important, and unique crypto stories of the week. Stay informed with the latest from the crypto world.
Saylor’s Vision: A Crypto Framework for US Prosperity
Michael Saylor has unveiled a groundbreaking framework to integrate digital assets into the US financial system. Highlighting transparency and innovation, the proposal envisions expanding digital currency markets to $10 trillion and building a strategic Bitcoin reserve capable of generating trillions in wealth. Saylor emphasizes that this approach could strengthen the US dollar, address national debt, and solidify America’s leadership in the digital economy.
Marathon Digital Powers Finnish Homes with Mining Heat
Marathon Digital Holdings has transformed Bitcoin mining into a community asset by using excess heat to warm homes in Finland. Expanding its pilot project, the initiative now heats 80,000 residences, showcasing a sustainable approach to mining. This innovative system reflects Marathon’s commitment to environmental responsibility while maintaining its status as a $7 billion Bitcoin mining leader.
El Salvador Shifts Focus Amid IMF Agreement
El Salvador plans to phase out its state-backed Chivo wallet under a $1.4 billion IMF loan deal. Despite this move, Bitcoin remains legal tender, and President Bukele’s pro-BTC policies endure. Since adopting Bitcoin in 2021, the country has invested $270 million in the asset, reaping $362 million in unrealized profits as BTC’s growth boosts bond markets.
Israel to Launch Six Bitcoin ETFs in Landmark Approval
Israel's Securities Authority has greenlit six Bitcoin ETFs, set to debut on December 31. Companies like Migdal and Phoenix will simultaneously launch these funds, offering management fees between 0.25% and 1.5%. This decision follows a surge in global Bitcoin ETF success, with $110 billion in assets under management by year-end.
MicroStrategy Hits Milestones with Bitcoin Surge
MicroStrategy has expanded its Bitcoin holdings to 444,262 BTC, valued at $43 billion. This strategic accumulation coincides with the company’s inclusion in the Nasdaq 100 and a 480% surge in its stock value this year. As Bitcoin rallies post-election, MicroStrategy cements its position as a leader in institutional crypto investment.
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