Crypto Mining News in September: Putin Declares Russia a Bit | WuBlockchain on Binance Square

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Crypto Mining News in September: Putin Declares Russia a Bitcoin Mining Leader, Tokyo Electric Power Gets Into Bitcoin Mining, Canaan Issues Preferred Shares, sponsored by Bitdeer https://wublock.substack.com/p/mining-news-in-september-putin-declares?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true 

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Japanese lawmaker Satoshi Hamada proposed that the government set up a national bitcoin reserve and convert part of its foreign exchange reserves into bitcoin, saying that its decentralized nature makes it suitable as a strategic asset, and mentioned that the United States and Brazil are taking similar actions.

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Mike Dudas, founder of 6th Man Ventures, said that OpenSea is suspected to have registered the OpenSea Foundation in the Cayman Islands on August 20 this year. This may be a move before the token issuance. However, OpenSea's current market share is far smaller than its competitors Blur and MagicEden, which have already issued coins.

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Breaking: MicroStrategy (MSTR) has been added to the Nasdaq 100 Index. MicroStrategy will become the 40th largest company in the Nasdaq 100. As of December 8, 2024, MicroStrategy held a total of 423,650 bitcoins, with a cumulative investment of approximately US$25.6 billion and an average cost of approximately US$60,324.

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French Hill, the newly elected chairman of the U.S. House of Representatives Financial Services Committee, said that establishing a digital asset regulatory framework in the next 100 days will be his top priority. He plans to promote bills related to stablecoins and market structure, and criticized Gary Gensler's law enforcement on cryptocurrencies. Regarding the establishment of strategic Bitcoin reserve, Hill said that its value to the United States needs to be further evaluated.

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Vaneck predicts that the cryptocurrency bull market in 2025 will reach a mid-term peak in the Q1 and a new high in the Q4; Bitcoin will reach a maximum of $180,000, Ethereum will exceed $6,000; SOL and Sui will exceed $500 and $10. After the first peak, BTC is expected to experience a 30% retracement, and altcoins will face a sharp drop of up to 60% as the market consolidates in the summer.

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