Dear PointPay Family,
The week has come to a close and it's time to take an outsider's perspective. Through all the news and changes, we've compiled the top 5 key events you should know about. And to save you time, the news is presented in TL;DR format.
Bitcoin ETF Surpasses S&P 500 Fund in BlackRock's Revenue
BlackRock's Bitcoin ETF is now outperforming its flagship S&P 500 fund in revenue generation. The iShares Bitcoin Trust (IBIT) has quickly become a major revenue driver, attracting steady inflows from both institutional and retail investors. Despite being much smaller in size compared to BlackRock's S&P 500 ETF, IBIT's higher fee structure has pushed its annual revenue just above that of its equity-focused counterpart. The growing appeal of Bitcoin as a portfolio asset highlights investors' willingness to pay for exposure to digital assets, solidifying Bitcoin's dominance in the crypto market.
US House Moves to Strengthen Blockchain Leadership with New Bill
The US House of Representatives has approved the Deploying American Blockchains Act of 2025, a new step toward establishing the country as a leader in blockchain technology. The bipartisan bill focuses on creating a national blockchain strategy to promote innovation, investment, and job growth. Lawmakers emphasized the urgency of maintaining America's competitive edge, especially as countries like China push forward with their digital infrastructure. If successfully implemented, the legislation could pave the way for wider blockchain adoption and strengthen the United States' position in shaping future global tech standards.
Kazakhstan Plans Bitcoin Reserve to Manage State Crypto Assets
Kazakhstan's central bank is preparing to introduce a national reserve in Bitcoin, marking a potential shift in the country's financial strategy. The initiative, currently under development, would allow the state to store and manage digital assets, including cryptocurrencies seized in legal cases or gained through state mining projects. Authorities are working on legal frameworks to ensure secure and transparent management of these assets. A centralized storage system is also being considered to reduce risks of asset loss or misuse. The project draws on international experience and aims to bring stronger oversight to the country's growing digital asset space.
Circle Seeks US Trust Bank Status for Stablecoin Expansion
Circle, one of the leading stablecoin companies, is taking steps to become a nationally regulated trust bank in the United States. Following its recent public listing, Circle has applied for a license that would allow it to safeguard its own reserves and offer custody services for tokenized assets like stocks and bonds. If approved, the new entity, First National Digital Currency Bank, would further strengthen Circle's position in the digital financial ecosystem. The company's USDC stablecoin would continue to be backed by the US dollar, with a focus on maintaining strong governance and regulatory compliance.
Germany's Largest Banking Group to Launch Bitcoin Trading
Sparkassen, Germany's largest banking network, is preparing to offer Bitcoin trading directly through its mobile app. This decision represents a significant shift in the group's approach to digital assets, driven by growing customer demand and the regulatory clarity provided by the European Union's new MiCAR framework. The upcoming service, expected within a year, will enable self-directed investors to buy and sell cryptocurrencies without bank-led advisory support. With competition intensifying in the German crypto banking sector, Sparkassen's move signals a growing recognition of Bitcoin's role in modern investment portfolios.
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