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Swiss Bitcoin Initiative: Voters May Force Central Bank to Hold BTC Reserves
Switzerland's Federal Chancellery has approved the 'Bitcoin Initiative,' paving the way for a potential national referendum on requiring the Swiss National Bank to hold Bitcoin reserves. The groundbreaking proposal could make Switzerland one of the first countries to mandate cryptocurrency holdings for its central bank.
Bitcoin Mining Giant Foundry Returns $777,000 in Mistakenly Paid Transaction Fees
Foundry USA Pool, the leading Bitcoin mining operator, has returned 8.18 BTC to a user who accidentally paid a transaction fee 91,127 times higher than required. The incident highlights growing industry standards for fee reimbursement, with Foundry maintaining its dominant 38% market share despite recent organizational changes.
Ethiopia Emerges as Africa's Bitcoin Mining Powerhouse with Green Energy Revolution
Ethiopia has captured 2.5% of global Bitcoin mining hash rate through renewable energy initiatives, attracting over $1 billion in infrastructure investments. The nation's competitive electricity rates and hydroelectric power from the Grand Ethiopian Renaissance Dam are driving sustainable mining growth while supporting rural electrification.
Tesla Resumes Bitcoin Payments as Mining Goes Green
Tesla announces the return of Bitcoin payments for vehicle purchases as cryptocurrency mining surpasses 50% renewable energy usage. The milestone decision follows Elon Musk's previous suspension of Bitcoin transactions and reflects the industry's shift toward sustainable practices.
Coinbase CEO Proposes USDC Integration for X Social Media Platform
Coinbase CEO Brian Armstrong advocates for integrating USDC stablecoin transfers on Elon Musk's X platform, aligned with X's vision of becoming an 'everything app'. The potential collaboration comes as USDC sees remarkable growth in 2024, with its supply increasing over 80% to $43 billion.
Elon Musk's Frog Avatar Triggers 6% Surge in Pepe Cryptocurrency
The meme cryptocurrency Pepe (PEPE) defied market trends with a 6% price increase after Elon Musk changed his X profile picture to a frog in Roman armor. The surge pushed PEPE's market cap above $8 billion, reinforcing its position as the third-largest meme cryptocurrency.
HyperLiquid Launches Staking Platform as HYPE Token Soars 890% Since Launch
HyperLiquid's mainnet staking launch enables HYPE token holders to earn rewards through 16 validators while securing the network. The protocol has seen explosive growth with $8.4B in staked tokens, $4B daily trading volume, and HYPE token surging to become a top 20 cryptocurrency.
MicroStrategy Bolsters Bitcoin Portfolio with $209M Strategic Purchase
Business intelligence giant MicroStrategy expands its Bitcoin holdings to 446,400 BTC with a $209 million purchase at an average price of $97,837 per coin. The acquisition, funded through share sales, marks the company's eighth consecutive week of Bitcoin purchases under Michael Saylor's leadership.
Bitcoin's Real Value Hits $1.03T: New Metric Reveals True Investment Landscape
Bitcoin's stored value surges 85% to $1.03 trillion in 2024, according to CryptoQuant analysis combining on-chain and off-chain data. This new metric offers deeper insights into actual capital invested versus market cap, suggesting growing institutional confidence in Bitcoin as a store of value.