Bitcoin hits $100K as institutional money pours in, a royal bitcoin drain, two U.S. States Enact Strategic Bitcoin Reserve Legislation, and more in this Week in Review.
Bitcoin Hits $100K, A Royal BTC Drain, and More — Week in Review
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Week in Review
Bitcoin surged past the $100,000 mark amid a wave of institutional investment. In a striking move, Bhutan offloaded 2,584 BTC over 40 days, leveraging its holdings as both a reserve and liquid asset. Meanwhile, two U.S. states enacted strategic bitcoin reserve legislation within 48 hours. At the federal level, the U.S. unveiled a landmark draft crypto bill aimed at establishing a structured, innovation-friendly regulatory framework. However, the industry’s growing wealth has also attracted danger, as evidenced by a chilling case in Paris where a crypto millionaire’s father was kidnapped.
Bitcoin Hits $100K as Institutional Money Pours In
The last time the cryptocurrency topped six figures was in February shortly after reaching its all-time high of… read more.
Editor’s comment: With several tailwinds, Bitcoin seems primed for an all-time high retest and breakout.
Royal Bitcoin Drain: Bhutan Quietly Dumps 2,584 BTC in 40 Days
Roughly 40 days ago, Bitcoin.com News disclosed that the Royal Government of Bhutan, via Druk Holding… read more.
Editor’s comment: This shows Bhutan is using bitcoin as both a strategic reserve and a liquid national asset, which is uncommon among sovereign holders.
Within 48 Hours, 2 US States Enact Strategic Bitcoin Reserve Legislation
Bitcoin surges into state-level finance as two U.S. states legalize strategic bitcoin reserves within 48 hours… read more.
Editor’s comment: Expect many other states to follow, first and foremost from Texas.
US Releases Draft Crypto Framework—‘Golden Age of Digital Assets Is Here’
The U.S. has unveiled a sweeping draft crypto bill that redefines digital asset oversight, igniting momentum… read more.
Editor’s comment: This draft bill is the latest sign that the U.S. is moving beyond enforcement-led uncertainty to a more nuanced, forward-looking framework.
Crypto Wealth Turns Deadly: Father Snatched and Mutilated in Chilling Crypto Ambush
A brutal daylight abduction targeting a crypto millionaire’s father in Paris escalated into savage violence… read more.
Editor’s comment: Don’t advertise that you have crypto holdings. Be wary of wrench attacks. Stay safe!
