Tag: Crypto Adoption

BTC Institutional Adoption Wave: Revolut,Strive Capital, JetKing and More!

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May 7 Update: Institutional Bitcoin adoption is surging at an unprecedented rate as the King of Cryptocurrencies joins traditional balance sheets. Here is what’s up.

 

Bitcoin and crypto adoption are on the rise as governments and institutions seek to strategically position themselves in the digital assets market and the next financial revolution. On May 7, the market saw major institutions reveal their stance and plans in regards to BTC adoption. The following are today’s major updates:

  • Revolut, the $488 billion fintech giant with over 50 million user base, has revealed intentions to integrate the Bitcoin Lightning Network, enabling large-scale, faster and cheaper BTC transactions.
  • Jetking, a public Indian company, is raising billions to acquire 18,000 BTC as per its CEO, Harsh Bharwani, suggesting new Bitcoin Interest from Asia.
  • Strive Capital, the $2 billion firm backed by Ohio gubernatorial candidate Vivek Ramaswamy, plans to go public as a Bitcoin Treasury Company, starting with $1 billion worth of BTC

 

In other stories, the CEO of Strike, Jack Mallers, has told CNBC that Bitcoin is “humanity’s biggest tech opportunity”. According to him, BTC is targeting $500 trillion in global wealth. Additionally, Trump’s adviser, David Bailey, is reportedly raising $300 million for a Public Bitcoin Treasury Company, suggesting a heated institutional BTC adoption.

 

 

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What is Bitcoin Halving and Why does it Matter?

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Bitcoin halving cuts miner rewards every four years. So, what is Bitcoin halving, and why does it matter in Bitcoin’s principles?

 

Bitcoin halving is a built-in event that occurs approximately every four years in Bitcoin’s blockchain network, where the rewards for mining Bitcoin are slashed by 50%. Traders observe this event to understand BTC’s supply, demand, and price insights. Bitcoin halving defines market dynamics and investor sentiment.

As a result, one ought to understand and mark this key event while planning their long-term BTC investment strategy. BTC halving happens on-chain and is embedded in Bitcoin’s code. This means no single entity can control or tamper with it due to Bitcoin’s decentralized nature.

 

Why does Bitcoin halving matter?

Bitcoin halving is more than a technical update on the blockchain. The most recent event occurred in April 2024, cutting miner rewards from 6.25 to 3.125 BTC per block. Each halving minimizes Bitcoin’s supply amid growing demand. Historically, post-halving events have seen major bull runs for BTC.

Bitcoin’s supply is capped at 21 million coins, and each halving boosts the countdown to the total supply, thus solidifying BTC’s scarcity principle. This is a market-moving event that investors anticipate as Bitcoin ascends to a “digital gold” status fueled by growing adoption.

 

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New Hampshire Becomes First State to Enact BTC Reserve Legislation

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New Hampshire made history as the first U.S state to enact a strategic Bitcoin reserve bill into law.

 

In a historic moment, the U.S. state of New Hampshire has caught global attention following its completion of the strategic Bitcoin reserve legislation process.  After passing the committee stages, the state’s Bitcoin bill, HB302, was passed to Governor Kelly Ayotte for signing. Following her signature on the 6th of May,2025, the legislation is officially a law.

According to her official announcement on X (formerly Twitter):

 

New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.

 

This Law makes New Hampshire the first U.S. state to allow its treasury to invest up to 5% of its reserves in Bitcoin, the “digital gold,” and other precious metals. Arizona has been leading the strategic reserve race, but lags following Governor Hobbs’ veto.

This law comes as a bold step to appreciate and advance the role of digital assets in the evolving digital finance and global payments. While other states progress through their committee stages, New Hampshire goes down in history as a champion of digital assets and the financial revolution in the crypto space.

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BlackRock Weekly Bitcoin Accumulation Hits $2.5 Billion

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Blacrock has been accumulating Bitcoin at a high rate, signaling heightened institutional demand and adoption.

 

BlackRock, the world’s largest asset manager, with around $11.58 trillion in assets under management, has caught the market’s attention following its bold Bitcoin strategy. The institution’s rate of BTC acquisition has raised eyebrows as investors anticipate a bullish rally and potential market supply shock driven by demand.

According to on-chain data, Blacrock has acquired BTC worth $2.5 billion in just one week. In the past 7 days, there have been multiple transactions from Coinbase Prime to the IBIT ETF wallet, suggesting aggressive accumulation.

 

Source :X

 

What does this mean for BTC?

As traditional investors seek exposure to Bitcoin through ETFs, institutional acquisition of BTC is projected to rise in the following months.  With Bitcoin exchange supply draining steadily, the market could see a supply shock triggering a BTC rally towards the $100k mark and beyond.

Additionally, this suggests growing mainstream crypto adoption. Bitcoin is joining traditional balance sheets while positioning itself as a hedge against inflation and economic uncertainity.

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Arizona Governor Katie Hobbs Vetoes Strategic Bitcoin Reserve Legislation

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Arizona Governor Katie Hobbs has vetoed the anticipated Bitcoin reserve legislation, halting the state’s plans for crypto investment.

 

Arizona is the first U.S. state to pass a strategic Bitcoin reserve legislation. Following the Senate’s approval of investing state retirement funds in Bitcoin reserves on 28th of April, 2025, the bill has been awaiting the governor’s sign. In a turn of events, Arizona Governor Katie Hobbs has put a roadblock on the bill, citing that Bitcoin is a “virtual currency”.

 

According to the official letter, Katie Hobbs responded;

Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency

 

Following this veto, crypto enthusiasts and Bitcoin maximalists have expressed mixed feelings. Some crypto analysts are surprisingly trying to estimate the projected losses that await Arizona state in the coming years, if Bitcoin reserves face complete rejection.

As legislators remain resilient in their decisions, the market anticipates positive approaches in the coming months while monitoring committee stages in other states.

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Ivy League Brown University Goes Crypto With 4.9M Bitcoin ETF Buy

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Beyond its 260-year-old educational excellence, Ivy League Brown University has joined institutional smart money, making bold steps into the “digital gold” rush.

 

May 2- One of the 8 oldest educational institutions (Ivy League schools) in the United States has announced its strategic step into the digital assets market. Brown University has signaled confidence in crypto assets as the mainstream finance sector faces portfolio revisions.

In its recent 13F filing and portfolio disclosure, Brown University has revealed a smart money move by opening a $4.9 million position in the IBIT Bitcoin ETF, totaling 105,000 shares.

 

Source: Quiver Quantitative

 

What does this mean for BTC?

With Bitcoin Exchange Reserves declining, Bitcoin’s scarcity is rising, hinting at a potential supply shock in the next few months. Analysts have argued that with the rising institutional demand, 2025 could be the last year to buy BTC below $100k, considering its capped supply.

As institutions rush to accumulate the “digital gold”, an exponential bull rally could be on the cards in the next few months, with negligible price volatility marks.

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What is Ethereum Virtual Machine(EVM) in Web3?

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The Ethereum Virtual Machine(EVM) Powers smart contracts and Web3 applications on Ethereum and associated blockchains. So, how does EVM work?

 

Ethereum Virtual Machine (EVM) is an invisible engine that powers every smart contract on the Ethereum blockchain network. Through this engine, decentralized applications (dApps) can run smoothly, advancing Web3 utility. EVM is holding multiple blockchains, enabling developers to build, deploy, and scale on a common ground.

 

What is the technology behind EVM?

EVM plays the role of a decentralized global computer processing smart contracts for Ethereum-based platforms and dApps. It is Turing-complete and thus can perform any logic, ranging from token swaps to NFT minting securely and without interference. Its compatibility allows other chains like Avalanche, Polygon, and Binance Smart Chain to support applications.

In other words, due to its security by decentralization, EVM is the brain behind the Ethereum ecosystem and several upcoming blockchains. All nodes in the Ethereum blockchain run the EVM and work independently, verifying each transaction. The reliability and compatibility make it easier for builders to advance blockchain utility and Web3 technologies.

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SUI Surges 9% as 21Shares Files for SUI ETFs

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Sui has surged 9% following a partnership between the SUI Network and 21Shares.

 

On April 30, 21Shares, the crypto exchange-traded products (ETPs) firm, announced a partnership with the SUI network. The strategic collaboration aims at advancing high-performance blockchain utility in institutional finance. 21Shares has moved ahead to file for SUI  Exchange Traded Fund (ETFs) under the Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).

 

Following this Development, SUI has surged 9% in the past 24 hours as of this writing, according to CoinMarketCap Data. The coin is attempting a breakout above the $3.50-$3.70 key resistance zone, with price fluctuating around this level.  Per Coinglass data, the Coin’s open internet has surged nearly 10%, signaling rising market optimism.

With the Open Interest (OI)-Weighted Funding Rate turning positive, SUI’s bullish momentum could be strengthening. Traders are watching the buying pressure and the market’s response to this news to determine their next moves.

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Dogecoin Goes Mainstream as 21Shares File for First Spot DOGE ETF

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Dogecoin’s journey from a meme to a key digital asset integrated with traditional finance will be historic in the crypto space.

 

Crypto investors, especially memecoin enthusiasts, are overwhelmed by the latest development in the memecoin market. Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list shares of 21shares Dogecoin Spot ETFs. If approved, traditional investors will gain direct exposure to DOGE without having to hold the memecoin themselves.

 

In addition, Nasdaq has submitted a Form 19b-4 to the SEC seeking approval to list the ETF on its exchange. The proposed Dogecoin ETF is a huge step towards mainstream crypto adoption. As cautious traditional investors gain exposure to such ETFs, this could trigger a desire to learn more about digital assets.

 

Crypto traders and enthusiasts have applauded Dogecoin’s journey from a mere social media meme to a key digital asset in mainstream finance. This reflects the community’s resilience over the years and belief in the future of digital finance.

 

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Circle Receives Regulatory Approval as Money Service Provider in Abu Dhabi

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Circle, the company behind USDC stablecoin, gets a green light in Abu Dhabi to operate as a money services provider, signalling the UAE’s positive approach to digital assets.

 

Traditional finance is slowly fading in the global payment systems as digital finance gains ground across the world. Major institutions and governments have shifted their approach to digital financial operations to include cryptocurrencies, inspired by their efficiency in cross-border transcations.

 

In the latest market development, USDC stablecoin issuer Circle has received regulatory approval to operate as a money services provider in Abu Dhabi. This means that the company can offer money services such as payment services, issuance, and custody for the Abu Dhabi Global Market (ADGM). This comes as a reflection of the UAE’s stance on digital assets as key elements of the next financial revolution. Per the Circle announcement on X (formerly Twitter);

 

We’ve received In-Principle Regulatory Approval from  @ADGlobalMarket!  We have also entered into a strategic collaboration with @hub71ad, to strengthen innovation within the digital assets space, and advance access to trusted, transparent, and regulated stablecoin infrastructure across the region.

 

 

The  Past week has seen the stablecoin market surge by 4.8 billion, showing growing demand and adoption of crypto payment services. The market is anticipating further exponential growth in the coming months.

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