Donald Trump Signs Executive Order for Strategic Bitcoin Reserve
Former U.S. President Donald Trump has signed an executive order to establish a strategic Bitcoin reserve, marking a historic shift in government policy toward digital assets. The order outlines plans to allocate Bitcoin as part of national reserves, signaling a growing recognition of cryptocurrency’s importance in global finance. While the move has sparked debates on the potential implications for monetary policy, it further cements Bitcoin’s legitimacy as a sovereign asset.
Metaplanet Stock Surges Amid Bitcoin Investments
Metaplanet, often dubbed Japan’s “MicroStrategy,” has seen its stock price soar following increased Bitcoin investments. The company’s decision to allocate more funds to Bitcoin has drawn comparisons to Michael Saylor’s aggressive BTC strategy at MicroStrategy. Investors view this move as a hedge against fiat currency instability, further solidifying Bitcoin’s role as a global store of value. As institutional interest in Bitcoin grows, Metaplanet’s success could inspire other firms in Asia to follow suit.
Bybit Hacker Launders $1.4 Billion in Stolen Funds
The Bybit security breach saga continues as the hacker responsible for the $1.4 billion exploit has started laundering the stolen funds through various channels. Blockchain analysts have detected movement of large sums across multiple wallets and privacy-focused platforms, making tracking efforts increasingly difficult. This case underscores the ongoing challenges crypto exchanges face in securing their platforms and highlights the importance of robust security measures to prevent future exploits.
