The race to accumulate bitcoin (Btc) accelerates as corporations are increasingly viewing the digital asset as an important addition to their balance sheets. Beyond the companies that have been publicly exchanged, private companies have joined the movement, including a Norwegian Deep-Sea Mining Company planning to get $ 1.2 billion worth of BTC.
This week also marked the Officially uniting a new adventure Through Crypto businessman Anthony Pomplano, who aims to build a billion -dollar Bitcoin Treasury.
As the accumulation of Bitcoin intensifies, the stablecoins emerge as a major crypto adoption driver. The United States is closer Passing Landmark Stablecoin LegisionSouth Korea is pushing banks to issue winners of Stablecoins and the increase in yield-bearing stablecoins-described by a venture executive as an “inevitable” —a appears to be on the horizon.
This week of the Crypto Biz explored the growing momentum behind the wealth of Bitcoin and the irritating influence of Stablecoins.
Norway Deep-Sea Miner to buy Bitcoin
Norwegian Deep-Sea Mining Firm Green mineral as have announced plans to allocate up to $ 1.2 billion in its bitcoin treasury, featuring the growing institutional appetite for digital ownership.
The Bitcoin treasury approach is part of the broader ambitions to include blockchain technology in the company’s operations. The company said Bitcoin can help change its properties from fiat currencies.
Corporations are racing to buy Bitcoin, with new forms of entity that compress billion -billions of dollars of digital assets. Earlier this month, Tether and Bitfinex moved $ 3.9 billion The value of Bitcoin up to twenty -one capital, a new company supported by softbank and cantor Fitzgerald.
Businessman Anthony Pompliano also launched a new Financial Service Firm Bitcoin service, called Procap BTC, announced Plans to buy up to $ 1 billion worth of BTC.
Crypto Execs Plan BNB Treasury
Bitcoin Treasury is not the only digital asset stockpiles that make waves – crypto hedge fund executives from coral capital holdings have been reported raising $ 100 million To invest in Binance’s BNB (Bnb) token.
Patrick Horsman, Joshua Kruger and Johnathan Pasch plan to complete funding this month and start accumulating BNB immediately, Bloomberg reported. The BNB Treasury is governed by a new creature called Build & Build Corporation, which will also file for a public list on the NASDAQ Stock Exchange.
Horsman, Kruger and Pasch were part of the coral capital, which was obtained by the DNA Fund in 2024 for an unspecified amount.
Stablecoin’s yields are a “inevitable,” Coinfund Exec says
Crypto venture firm Coinfund is NAI -back defi protocol Veda With a $ 18 million increase to support its vault platform expansion, which allows those who provided Crosschain yield products such as assets with yields.
“The natural step for the onchain wealth is to earn yield and make your fiat currency or digital assets productive,” Coinfund Managing Partner David Pakman told Cointelegraph.
Although the US banking lobby has been reported spooked Regarding the impact of yield-bearing stablecoins, Pakman described them as an “inevitable,” as they were “a more convenient way of achieving low risk of fiat yield than traditional bank savings and money market accounts.”
“I agree that, once we have more and more stablecoins with yield, traditional bank saving accounts are dangerous and need to change,” Pakman said.
South Korea Eyes Stablecoins
Stablecoins will come to South Korea, with a buy-in from the country’s central bank and a broader financial sector.
Eight major banks in South Korea is developing a winner of supported Stablecoin in an attempt to hinder the dominance of the US dollar in the country. Stablecoin rollout can start later this year or early next year.
Bank of Korea Deputy Governor Ryoo Sangdai, would like to be regulated financial institutions to be the Mainly giving stablecoins In the country, according to local media reports.
“The goal is to establish a net safety, considering the potential for market interference or consumer damage,” Sangdai said.
Stablecoins is a $ 239 billion market, according to industry data. However, 99% of that amount was tied to the US dollar.
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