Odaily Planet Daily News: Brazilian Congressman Eros Biondini proposed a bill on Monday to create the 'Sovereign Strategic Reserve of Bitcoins (RESBit)', which is a strategic sovereign Bitcoin reserve. The proposal suggests allocating up to 5% of Brazil's approximately $372 billion national reserves to Bitcoin through a phased acquisition strategy. The bill points out that establishing a Bitcoin reserve can enhance the country's economy's resilience to currency fluctuations and geopolitical uncertainties. The proposal also highlights examples such as El Salvador adopting Bitcoin as legal tender and the United States approving a spot Bitcoin ETF as part of an innovative national strategy. (The Block)