The Federal Reserve announces the withdrawal of 2022 and 2023 guidance that required U.S. banks to notify regulators before engaging in crypto-asset and stable coin activities, signaling a shift toward a more crypto-friendly regulatory stance. (Federal Reserve)
A SoftBank-backed consortium, including Tether and Bitfinex, has partnered with Cantor Fitzgerald's SPAC, Cantor Equity Partners, to launch Twenty One Capital, a $3.6 billion bitcoin investment vehicle that will hold over 42,000 bitcoins and trade on Nasdaq under the ticker "XXI." (Reuters)
Pakistan plans to use its surplus electricity for Bitcoin mining and AI data centers, with talks underway with mining firms to address high tariffs and overcapacity, led by Bilal Bin Saqib of the Pakistan Crypto Council. (Reuters)
According to Vaneck: “The weaponization of trade and financial infrastructure continues to drive interest in neutral settlement rails. That interest is no longer theoretical. China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets.” (VanEck)
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