• Wealthcamp
  • Posts
  • Senator Lummis Officially Introduces Bill to Buy 1M BTC for US Strategic Reserve 🔥

Senator Lummis Officially Introduces Bill to Buy 1M BTC for US Strategic Reserve 🔥

Could It Revolutionize US Economy?

Senator Cynthia Lummis is making waves with her ambitious Bitcoin Strategic Reserve Bill, aiming to secure the future of U.S. financial stability with crypto.

Banking on Bitcoin to stabilize the dollar and counter inflation, the bill proposes a rigorous five-year plan to acquire 1 million BTC, setting up decentralized vaults nationwide.

With bipartisan support and industry backing, could this be the bold step the U.S. needs to maintain its economic dominance?

Let's dive in!

  • Sen. Cynthia Lummis proposes a bill for the U.S. government to amass 1 million BTC, sparking nationwide debate. — Read More

  • Presidential race and policy shifts fuel bullish crypto market trends, driven by political and institutional support. — Read More

  • Gemini's research predicts crypto market expansion amid easing monetary policies and favorable regulations. — Read More

  • Bitcoin price drops after the Federal Reserve's meeting, Mt. Gox transfers, and other bearish catalysts. — Read More

  • Senator Bill Hagerty criticizes Kamala Harris's recent pro-crypto stance, calling it a desperate political move. — Read More

Bitcoin Price Consolidation Nears End?

Analysts predict Bitcoin's price breakout could occur within a month, clearing a path to new all-time highs.

Can Bitcoin Break Out After Bank of England Rate Cut?

Bank of England's surprise rate cut could boost Bitcoin, but it remains under $65,000.

Fed's Potential September Rate Cut Boosts Bitcoin Prospects

Fed's lean toward September rate cut bullish for Bitcoin, says QCP Capital report.

Digital Chamber Urges Senators to Support Lummis' Bitcoin Bill

The Digital Chamber calls for senatorial support for Lummis' bill to integrate Bitcoin into national reserves for economic stability.

MicroStrategy to Raise $2B for Bitcoin Purchases

MicroStrategy plans to raise $2 billion through class A shares to buy more Bitcoin and repay debt.

Global Liquidity Hits Record $95 Trillion

Global liquidity hits $95 trillion, fueling Bitcoin's recovery and potential bull run.

BlackRock's Ethereum ETF Outpaces Bitcoin Inflows

BlackRock’s Ethereum ETF saw $118M in inflows on Tuesday, surpassing Bitcoin ETF's $75M.

BlackRock's Tokenized Fund on Ethereum Distributes Record $2.1M

BlackRock’s Ethereum-based fund hits a record with $2.1 million dividends in July.

Bitcoin and Ethereum ETFs Log $77M in Inflows

Bitcoin and Ethereum ETFs see $77 million in combined inflows despite market challenges.

Retail Crypto Trading Begins in Hong Kong

Futu Securities International launches Bitcoin and Ethereum trading for retail investors in Hong Kong.

Solana Faces Uncertain August After July Rally

Will Solana reach $200 or drop to $100 in August amidst fluctuating trends?

Tether Hits Record $5.2B Profit Despite EU Regulation Exit in H1 2024

Tether reports $5.2 billion profit for H1 2024, attributing growth to strategic investments despite EU regulation challenges.

OKX and Aptos Unveil $10M Blockchain Fund

OKX Ventures and Aptos Foundation launch a $10 million fund for Aptos blockchain ecosystem, focusing on DeFi, gaming, AI projects.

Bybit Integrates USDe for Reward-Bearing Stable Collateral

Bybit integrates USDe, boosting trader rewards and efficient collateral management.

Morpho Labs Secures $50M Led by Ribbit Capital

Ribbit Capital leads $50M funding round for Morpho Labs to boost decentralization and public financial infrastructure.

UBXS Tokenizes Real Estate in Dubai

UBXS introduces home tokenization in Dubai, aligning with BlackRock's RWA insights and Trump's crypto optimism.

BlackRock's BUIDL Fund Pays $7 Million in Dividends

BlackRock's tokenized fund BUIDL has distributed $7 million in dividends since its March launch, growing its capital to $500 million.

The Growing Trend of Individual Securitization via Blockchain

Individual securitization, driven by blockchain, is rapidly expanding with innovative applications.

AI and DeFi Tokens Shine in July

AI tokens led crypto gains in July, followed by DeFi tokens with significant performances.

Top AI Crypto Performers This Week: AIOZ, AAVE, HNT

AIOZ Network, Aave, and Helium are today's top-performing cryptos despite major coins struggling.

Developing Games & Simulations on Ethereum

Exploring ERC721 tokens through sports simulation games and developing an Ethereum-based tennis game.

$35T US Debt May Propel Bitcoin As 'Hard Money'

Analysts believe the US's $35 trillion national debt could boost Bitcoin adoption as a safe-haven asset.

Artists Challenge SEC Over NFT Regulation

Two artists sue the SEC, seeking judgment on its authority over NFTs.

SEC Keeps SOL, ADA, MATIC in Regulatory Crosshairs

SEC's amendments still leave the security status of SOL, ADA, and MATIC uncertain.

SEC Shares Guidance for Terraform Labs Compensation Claims

SEC assists crypto victims with Terraform Labs compensation after $4.5B settlement, Kwon to transfer $204M.