Indiana Lawmakers Push Bill to Make State a Bitcoin Leader

Strive Asset Management, led by Vivek Ramaswamy, has urged MSCI to reconsider its decision to exclude companies with significant Bitcoin holdings from its major benchmarks, citing potential inconsistencies due to varying accounting standards. This warning comes amid ongoing scrutiny of firms like MicroStrategy, which is facing challenges related to its Bitcoin valuation.

Bitcoin's price has dropped to approximately $88,000 following a significant selloff, raising concerns among investors about market volatility. Despite this downturn, JPMorgan has reaffirmed its price target for Bitcoin at $170,000, suggesting confidence in its long-term potential.

Indiana has introduced a bill that would allow public pension funds to invest in cryptocurrencies, potentially accelerating the adoption of digital assets in public finance. This legislative move could influence other states to consider similar integrations into their pension strategies.

Bitcoin Treasury Twenty One Capital is set to begin trading on the New York Stock Exchange next week, backed by a substantial $4 billion Bitcoin treasury. This move marks a significant milestone for the company as it transitions to a publicly traded entity, following a successful merger with Cantor Equity Partners.

Italy has initiated a thorough review of retail crypto-investment safeguards in response to increasing risks associated with the growing links between cryptocurrencies and the financial system. This move comes amid concerns that the current regulatory framework may not adequately protect investors from potential losses.

A 2012 video featuring Brian Armstrong pitching Coinbase has resurfaced, showcasing his early vision that contributed to the platform becoming America's largest Bitcoin exchange. The video highlights Armstrong's foresight in the cryptocurrency space, which has evolved significantly over the past decade.

Shareholders at CEP's Extraordinary General Meeting have approved the merger with Twenty One Capital, which is backed by significant investments from Tether and SoftBank, positioning the firm to hold 42,000 BTC and prepare for its public debut on Nasdaq.

The U.S. Commodity Futures Trading Commission (CFTC) has approved federally regulated spot Bitcoin and cryptocurrency trading, with Bitnomial's exchange set to launch next week. This marks a significant step in the regulatory landscape for digital assets in the U.S.