5 Aug 2025, 17:50

Indonesia’s Sovereign Fund could start accumulating Bitcoin

Indonesia has joined the list of countries exploring Bitcoin as a national reserve. The effort is being pushed by the Vice President’s office, and the idea is being considered because of its potential to diversify national reserves, serve as a hedge against inflation, and reduce reliance on traditional fiat currencies like the U.S. dollar, especially in the face of global economic volatility. According to a post on X from Bitcoin Indonesia, the largest BTC community in the country, the Vice President’s office has expressed interest in Bitcoin and wants to know how it can support the country. BIG NEWS: 🇮🇩 Indonesia is exploring Bitcoin as a national reserve. We were invited to the Vice President’s office to present how Bitcoin could benefit the country. What we discussed could shape the future of Indonesia’s economic strategy. 🧵👇 pic.twitter.com/QGKgGRRgEU — Bitcoin Indonesia (@bitcoinindo21) August 5, 2025 Indonesia may consider Bitcoin mining as a national reserve strategy Members of the community were invited to the Vice President’s office to make a presentation on how Bitcoin could benefit the country, and they reportedly discussed topics that could alter the future of Indonesia’s economic strategy. While there, they announced readiness to lead Bitcoin education at the national level and proposed what they called a “bold” idea: using Bitcoin mining as a national reserve strategy with the ultimate goal of using Bitcoin to fuel long-term economic strength. “We presented @saylor’s 2045 price prediction, which happens to align with 100 years of Indonesian independence,” a tweet from the post read. “They were bullish. So were we.” Indonesia’s Sovereign Fund (Danantara) could start accumulating Bitcoin Various parties in the country of Indonesia, including the office of the VP, believe it is time for BTC to be added to the country’s national reserve. Gabriel Rey, CEO of licensed crypto exchange Triv, and Anthony Leong, Deputy Secretary General of the Indonesian Young Entrepreneurs Association (HIPMI), both argue that it is time for Indonesia to explore the possibility, and proposed that Bitcoin be included as one of BPI Danantara’s investment options. Leong says if BPI Danantara allocated IDR 300 trillion (about $18.3 billion) to Bitcoin, it could lock up up to 200,000 BTC. The profits generated could help reduce some of the national debt if the digital asset’s price increases significantly. The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) was officially launched by the President of the Republic of Indonesia, Prabowo Subianto, on February 24, 2025, and is tasked with managing state assets independently to accelerate long-term development. The purpose of the Bitcoin reserve would be to diversify state assets, protect national wealth from inflation, and keep up with the trend of developed countries that are starting to include crypto assets in their portfolios. The proposal triggered support and opposition across various circles, and among those that spoke up was Indonesia’s financial regulator, Financial Services Authority (OJK). OJK was cautious in its response, expressing a willingness to entertain the discourse further, while emphasizing the need for strong regulations and governance if it were to happen. If the discourse becomes a reality, it could make Indonesia one of the first countries in Southeast Asia to adopt Bitcoin as part of its sovereign wealth fund. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

5 Aug 2025, 17:47

Pay Attention to This Date in Bitcoin: Critical Country to Discuss Adding BTC to Its Treasury

Brazil's Federal Chamber of Deputies will hold a public hearing on August 20 to consider the possibility of diversifying part of the country's national reserves into Bitcoin. The plan envisions Brazil's Central Bank purchasing Bitcoin over time, increasing its share of the cryptocurrency to 5% of the country's foreign exchange reserves. The bill cites examples of steps taken by countries like the United States and El Salvador to integrate cryptocurrencies into their national financial management strategies. Related News: BREAKING: Coinbase Announces It Will List Its Third Altcoin in a Row The proposed law requires that purchased Bitcoin be stored in cold storage and that all transactions be publicly reported. However, the bill does not specify a timeline for when or under what circumstances Bitcoin holdings could be sold. The US recently took a similar step, but stated that BTC could only be purchased without creating an additional burden on taxpayers. This generally means a reserve will be established from confiscated Bitcoin. The US reserve, on the other hand, also pledges not to sell BTC. *This is not investment advice. Continue Reading: Pay Attention to This Date in Bitcoin: Critical Country to Discuss Adding BTC to Its Treasury

5 Aug 2025, 17:26

XRP Hype Soars: 86% Bet on ETF Approval as Ripple Goes All-In for U.S. Bank Status

Polymarket Bets 86% on Spot XRP ETF Approval Polymarket, a top crypto prediction platform, now pegs the odds of SEC approval for a spot XRP ETF at 86%. What explains this high confidence level? 1. Legal Clarity Surrounding Ripple In March 2025, the SEC formally dropped its longstanding lawsuit against Ripple, removing a major overhang for ETF issuers. This legal resolution reduced regulatory uncertainty and significantly bolstered confidence in XRP-based investment vehicles. 2. Growing Number of Institutional Filings Leading asset managers, including Bitwise, Grayscale, Franklin Templeton, 21Shares, CoinShares, ProShares, and more, have all submitted spot XRP ETF proposals to the SEC. The sheer volume and caliber of these filings suggest sustained institutional conviction in XRP’s long-term viability. 3. Futures ETFs Demonstrate Market Maturity CME Group launched XRP futures ETFs in mid-May this year, drawing more than $542 million in the first month More recently, ProShares introduced the Ultra XRP ETF (UXRP), a leveraged product on NYSE Arca, which surged on debut and re‑energized the narrative for spot approval. These developments signal demand and infrastructure maturity that regulators often seek. 4. Policy Developments and Framework Shifts Regulatory momentum has also shifted in favor of crypto ETFs. New legislation, such as the GENIUS Act and SEC commentary from commissioners, especially Hester Peirce, suggest an evolving framework that reduces operational complexity for altcoin ETF issuers through in‑kind creation and redemption mechanisms. 5. Market Behavior and Prediction Dynamics Polymarket’s 86% figure is underpinned by real money bets with total wagered volumes recently exceeding $114,000, reflecting serious investor conviction. Historically, Polymarket’s prediction accuracy has exceeded 90% in betting markets shortly before resolution dates. The high odds also reflect growing sentiment that the SEC will complete the approval process before the December 31, 2025 resolution deadline. Market implications An 86% approval probability indicates widespread optimism. If a spot XRP ETF is approved: Institutional capital may flow into XRP as showcased by Bitcoin and Ethereum ETFs, which saw tens of billions in inflows post‑approval. Liquidity and accessibility are set to improve because retail investors will gain regulated exposure to XRP via traditional brokerage accounts, without managing crypto wallets. Price upside could be significant with some analysts anticipating XRP might rise toward the $20–$27 zone, driven by ETF approval momentum, though volatility remains high. Ripple Officially Files Bank Charter Application with OCC Ripple Labs has formally submitted its application to the U.S. Office of the Comptroller of the Currency (OCC) seeking to establish Ripple National Trust Bank, a limited-purpose national trust bank fully owned by the company. Consequently, Ripple has made Volume 1 of its interagency charter application publicly available, offering stakeholders an initial window into the entity’s proposed structure and intended operations. This first volume outlines foundational details, such as the proposed headquarters in New York City, contact information, and a public notice announcing the filing. Volume 1 makes clear that Ripple is pursuing a national trust bank charter , which would empower the entity to undertake fiduciary duties, stablecoin reserve management, and institutional custody services, rather than traditional deposit-taking or consumer lending activities. Strategic Goals & Broader Context Ripple aims to secure a Federal Reserve Master Account, which would allow it to directly settle payments, hold reserves for its stablecoin RLUSD at the Federal Reserve, and bypass traditional intermediary banks, resulting in faster, more cost-effective settlement systems. Reactions & Implications The American Bankers Association and other banking groups, including the Independent Community Bankers of America, have formally opposed Ripple’s charter bid, citing concerns that a crypto-affiliated trust bank might erode consumer protections and destabilize traditional banking structures. However, industry observers note that under Comptroller Rodney Hood, the OCC has adopted a more crypto-friendly posture, rescinding prior restrictive guidance and historically rarely denying new charter applications. As majors like Circle and BitGo pursue similar charters, Ripple’s bid puts it at the forefront of a broader effort by crypto firms to bridge into regulated finance. Conclusion With Volume 1 public and the charter filing formalized, Ripple is set to redefine how stablecoins operate under U.S. federal oversight, turning ambition into architecture and innovation into institutional integration. Meanwhile, Polymarket’s 86% approval probability for a spot XRP ETF reflects a convergence of legal progress, institutional filings, market infrastructure maturity, and evolving regulatory sentiment. Therefore, this probability underscores a broad expectation that a US-based spot XRP ETF is increasingly viewed not as a question of if, but when.

5 Aug 2025, 16:40

MEI Pharma’s Crypto Treasury Move: 930,000 Litecoin Tokens Acquired

MEI Pharma Inc. has become the first U.S.-listed public company to adopt litecoin ( LTC) as a primary reserve asset, deploying $100 million from a recent stock sale to acquire 929,548 tokens of the cryptocurrency. Litecoin Creator Charlie Lee Joins MEI Pharma’s Board The clinical-stage biopharmaceutical company (Nasdaq: MEIP) disclosed the LTC acquisition in an

5 Aug 2025, 16:26

Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury

Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July.

5 Aug 2025, 16:04

Trump said Russia’s economy “stinks” and warned low oil prices will cripple Putin’s war effort

President Donald Trump said on Tuesday that Russia’s economy “stinks” and claimed that falling oil prices would crush Vladimir Putin’s war machine. “Putin will stop killing people if you get energy down another $10 a barrel. He’s going to have no choice because his economy stinks,” Trump said during a live interview on Squawk Box . He made it clear that he believes oil revenue is the backbone of Russia’s war in Ukraine, and if it dries up, the war ends. This is part of Trump’s long-running one-man feud with Putin, who has refused to even acknowledge Trump’s existence for over a month. Putin hasn’t responded once, not even with a passing comment. Instead, it’s been Dmitry Medvedev, his closest confidant and former president, doing the talking, on X no less. Medvedev called Trump’s demands dangerous and said they’re pushing the U.S. closer to war with itself. He also reminded the world that Putin doesn’t see Trump as an equal, so he will never take the bait. Trump cuts deadline, threatens tariffs, deploys subs Tensions between Washington and Moscow got worse when Trump shortened the timeline for a Ukraine peace deal. Last Monday, he announced that the original 50-day window was now less than two weeks. If Putin doesn’t agree to stop the war, Trump plans to slap harsh secondary tariffs on countries still trading with Russia. It’s his way of forcing others to choose sides. Medvedev responded quickly. “Each new ultimatum is a threat and a step towards war,” he wrote on X. “Not between Russia and Ukraine, but with his own country.” Trump followed up on Friday by saying he had ordered two U.S. nuclear submarines to be moved to “the appropriate regions,” clearly referring to Russian-controlled waters. Trump has also been attacking New Delhi and PM Narendra Modi for buying discounted Russian oil and reselling it for big profits. “India has not been a good trading partner,” he said Tuesday on CNBC. “So we settled on 25%, but I think I’m going to raise that very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine, and if they’re going to do that, I’m not going to be happy.” Kremlin press secretary Dmitry Peskov told reporters that Trump’s tariff threats were just “attempts to force countries to stop trade relations with Russia.” He also backed India directly, saying sovereign countries “have the right to choose their own trade partners.” Russian economy under pressure, but not broken Oil prices are falling, though, and that’s a problem for Putin. On Tuesday, Brent crude dropped 83 cents to $67.92 a barrel. West Texas Intermediate went down 87 cents to $65.41. This came after OPEC and its partners announced on Sunday that they would increase output, which made markets worry about weakening demand. Russia’s finance ministry is already bracing for less revenue. It expects oil and gas income this year to be 24% lower than previously estimated. The ministry cut its oil price forecast from $69.70 to $56 per barrel. It also raised next year’s budget deficit target from 0.5% of GDP to 1.7%. Russia’s own Economic Development Ministry sees slower growth ahead. They project the economy will expand by only 2.5% this year, down from 4.3% in 2024. Inflation is officially sitting at around 10%, but independent analysts believe it’s higher—possibly over 15%. Food and production costs have soared. Putin even admitted the situation was “alarming.” The International Monetary Fund added more bad news in July. They revised Russia’s 2025 GDP growth down to 0.9%, from 1.5% in April. That change came after data showed weak retail activity and reduced industrial output. Despite all this, the Russian economy hasn’t been stunted, though sanctions have clearly slowed it down. Domestic pressures have increased. Oil revenue is down. Growth is falling. But the Kremlin hasn’t shown any signs of panic. Trade with countries like India and China continues. Putin hasn’t blinked. And Trump is still waiting for a reaction that hasn’t come, and probably never will. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More