Swiss Bitcoin reserve campaign set to lapse after failing to gather signatures
A Swiss campaign to require the central bank to hold Bitcoin in reserves has failed, collecting only half the 100,000 signatures needed for a referendum. The Swiss National Bank opposes crypto holdings citing volatility concerns. Meanwhile, sovereign Bitcoin adoption remains limited globally, with El Salvador and Bhutan leading efforts, though Bhutan recently reduced holdings significantly.
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Coinbase rebounds as altcoins surge with bitcoin holding above $80,000
Bitcoin held above $80,000 Friday as altcoins surged, with ICP, NEAR, and UNI leading gains. Coinbase rebounded 10% from session lows despite Thursday's earnings miss. SEC Chair Paul Atkins signaled support for onchain trading and blockchain settlement rules, bolstering sentiment around tokenization infrastructure. Strong U.S. labor data and record equity highs fueled risk appetite across crypto markets.
TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
TeraWulf reported AI compute revenue surpassing bitcoin mining operations despite posting a $427 million loss, signaling the company's strategic pivot toward artificial intelligence infrastructure. The shift reflects broader crypto-mining sector trends as firms diversify beyond traditional cryptocurrency generation. Bitcoin remains stable near $80,000, while AI infrastructure investments reshape mining economics for investors monitoring sector transformation.
Will Strategy Sell Bitcoin This Year? Traders Are Convinced After Saylor Comments
Strategy (MicroStrategy) CEO Michael Saylor's recent comments sparked trader speculation that the company may sell Bitcoin holdings this year. Bitcoin trades near $80,097. While Saylor has historically been bullish on BTC accumulation, market participants now debate potential liquidation scenarios. This uncertainty could impact Bitcoin's price volatility and institutional investor sentiment globally, including among Indian crypto traders monitoring macro shifts.