Several Fed policymakers recently signaled they support keeping rates on hold for an extended period. In markets, swaps reflect a similar viewpoint, with the next quarter-point cut not fully priced in until the second half of the year. A number of Wall Street banks on Friday trimmed their forecasts for 2025 cuts in the wake of strong jobs data. Bank of America Corp. and Deutsche Bank AG don’t see the Fed easing at all this year.

@coinacademy_fr
 
FLASH : L'ensemble du groupe Tether déménage au Salvador pour y installer son siège social.

New Hampshire: A bill was introduced to establish a strategic reserve of digital assets with an average yearly market cap of over $500 billion, which only Bitcoin meets. The state treasury can also invest up to $360 million in stablecoins like Tether USD (USDT) and USD Coin (USDC). Additionally, the bill allows investment in traditional precious metals like gold, silver, and platinum. This legislation aims to diversify public funds and potentially generate passive revenue through staking, although Bitcoin itself isn't staked due to its consensus mechanism.  
 
North Dakota: The North Dakota State Legislature introduced a resolution to invest "select state funds in digital assets and precious metals." While Bitcoin was not specifically named, the context suggests it could be part of the investment strategy. This resolution encourages diversification of state assets but is largely symbolic until further legislative action is taken.  
 
Texas: Texas has introduced a bill that focuses on accumulating Bitcoin by accepting taxes and donations in cryptocurrency. There's also a minimum five-year embargo on selling state-owned Bitcoin, aiming to hedge against the eroding value of USD.  
 
Ohio: Ohio's proposal is to create a Bitcoin reserve to diversify against USD devaluation. The specifics include the possibility of using state funds to invest in Bitcoin, though direct purchase amounts or timelines were not mentioned.  
 
Pennsylvania: Pennsylvania's legislation suggests investing up to 10% of the State General Fund in Bitcoin to combat inflation, which could amount to nearly a billion dollars. This, like Ohio and Texas, is aimed at protecting state funds from inflation.  
 
General Context: These state-level initiatives are part of a broader trend where states are considering Bitcoin as a strategic reserve to diversify their financial portfolios, respond to inflation, and potentially secure state funds. The trend includes states like Florida also considering similar moves, although not detailed in the provided posts.  
 
Switzerland: A public referendum could make Switzerland the first nation to officially hold Bitcoin as a reserve asset, aligning with its ethos of innovation and financial independence. This move could set a precedent for other nations to follow.
 
Brazil: In South America, Brazil has introduced the sovereign strategic bitcoin reserve (RESBit), aiming to allocate some of its international reserves to Bitcoin.
 
Russia: Russia has begun using Bitcoin and other digital currencies for international transactions as part of its strategy to bypass Western sanctions and reduce reliance on the U.S. dollar.
 
Poland: Presidential candidate Sławomir Mentzen has proposed creating a Bitcoin reserve to position Poland as a hub with favorable regulations for cryptocurrencies.
 

Le PDG Paolo Ardoino a déclaré à Reuters que Tether allait s'installer au Salvador après avoir récemment obtenu une licence de fournisseur de services d'actifs numériques dans ce pays, et que lui-même et d'autres membres de la direction ainsi que les cofondateurs allaient déménager pour y vivre. La société était auparavant constituée dans les îles Vierges britanniques.
 
"Ce déménagement au Salvador sera la première fois que nous aurons également un siège physique", a-t-il déclaré, ajoutant toutefois que l'entreprise ne prévoit pas de relocaliser l'ensemble des plus de 100 employés, le travail restant principalement à distance.
 
L'essor du marché des stablecoins a inquiété les régulateurs, qui craignent que l'augmentation des réserves de stablecoins n'expose le système financier au sens large à des risques plus importants, car ils servent de passerelle entre l'univers des crypto-monnaies et les marchés financiers traditionnels.
 
Tether a été confronté à des questions concernant ses réserves et ne divulgue pas entièrement où elles sont détenues et sous quelle forme. La société affirme que la grande majorité de son stablecoin est adossée à des réserves de devises traditionnelles détenues auprès de la société de courtage de Wall street Cantor Fitzgerald, dont le PDG est le candidat de Trump au poste de prochain secrétaire au commerce des États-Unis.
 
"Nous avons donc des liquidités dans d'autres banques, mais la grande, très grande majorité des bons du Trésor se trouve chez Cantor", a déclaré M. Ardoino.

The most successful bitcoin ETF is BlackRock's iShares Bitcoin TrustIBIT $52.45 (-2.57%), with almost $53 billion in assets under management. As Bloomberg put it: “Simply put, no ETF has ever had a better debut.”
 
After BlackRock’s bitcoin ETF, the other funds rounding up the top five are:  
 
Fidelity Wise Origin Bitcoin FundFBTC $80.57 (-2.56%): $19.6 billion in assets
 
Grayscale Bitcoin Trust ETFGBTC $73.12 (-2.61%): $19.2 billion in assets
 
ARK 21Shares Bitcoin ETFARKB $92.00 (-2.74%): $4.5 billion in assets
 
Bitwise Bitcoin ETFBITB $50.16 (-2.77%): $4.2 billion in assets