5 Aug 2025, 18:50

Brazil to hold a public hearing on August 20 to discuss creating a Strategic Bitcoin Reserve

The first official Brazilian debate on whether a Strategic Bitcoin Reserve should be established will be held on August 20, 2025. This hearing will be held in the Chamber of Deputies in Brasilia’s capital. It will address Bill 4.501/2024, which suggests the addition of Bitcoin to the national reserve, which will be under state jurisdiction. “Requests the holding of a public hearing with the objective of debating PL 4501/2024, which provides for the formation of a Sovereign Strategic Reserve of Bitcoins by the Federal Government and provides other measures.” Federal deputy Luiz Philippe de Orleans e Bragança The proposal was first introduced by Deputy Eros Biondini in November 2024 and was subsequently posted to the Economic Development Commission. Deputy Luiz Philippe de Orleans e Braganca had called the hearing publicly later in June, and this is now to be met by the scheduled session on August 20. The bill demands that the Brazilian Treasury begin diversifying its asset holdings by purchasing Bitcoin (BTC) and other cryptoassets that are considered secure. The event will be open to experts and the public, giving key figures a platform to present their views on the potential benefits of holding Bitcoin in government reserves. Brazil, the ninth-biggest economy in the world, has a foreign exchange reserve of nearly $341 billion. If this bill is passed, 5% of these reserves, or $17 billion, will be channeled into Bitcoin. This would make Brazil the world’s largest holder of Bitcoin reserves, replacing countries such as El Salvador, the U.K., and Bhutan. Brazil’s move to discuss Bitcoin integration aligns with its growing commitment to digital assets. In June 2023, the country implemented a legal framework that empowers its central bank to regulate and oversee virtual asset service providers. The new framework also clarifies the Securities and Exchange Commission’s authority over tokens considered securities. Brazil’s growing crypto landscape The Brazilian crypto environment is already robust. The country became a leader in the Americas in authorizing spot cryptocurrency ETFs. Brazil currently has a variety of investment options within the cryptocurrency industry. These are FOMO11, which measures sentiment on the market; DEFI11, which combines a selection of DeFi tokens; and HASH11, the most traded ETF in Brazil. Also, a Solana spot ETF was authorized in August 2024, boosting Brazil to an even higher standing. The next steps of the Brazilian Bitcoin Reserve will rely upon the conclusion of the open hearing on August 20. If the Economic Development Commission passes the bill, it will then be passed to Congress and can eventually be signed by the President. Global Bitcoin Reserve adoption Brazil is not alone in considering a national Bitcoin reserve. Several other nations have also moved to integrate Bitcoin into their financial frameworks. The ongoing discussions come at a time when other nations are also looking into similar plans. An example is the United States, which has been considering the formation of a strategic reserve of Bitcoin, as recent remarks by Bo Hines, Digital Assets Director of the U.S. Department of the Treasury, have suggested. Similar to Brazil, the U.S. has to balance regulatory issues with the possible financial advantages of Bitcoin as a part of reserves. In 2021, El Salvador became the first nation to make Bitcoin a legal tender. The government is also reported to have earned tremendously through Bitcoin possession, and it has not stopped its daily routine of buying one Bitcoin each day. KEY Difference Wire helps crypto brands break through and dominate headlines fast

5 Aug 2025, 18:37

End-of-July Bitcoin Dip Explained: What Triggered It? (CryptoQuant)

The hottest month of the year also saw some of the hottest climbs for the largest digital asset, which reached unseen territories driven by global demand. The market is naturally cooling after a month of events, and speculation about the next direction is high. Here’s CryptoQuant’s take on why BTC dipped at the end of July. Potential Triggers The month of July, which marked the second half of the year, saw a spectacular BTC run that drove the asset to a new all-time high of just over $123,000. At the end of the month, however, bitcoin experienced a significant drop, losing 7-8% of its value and falling to a multi-week low of $112,000. Given that this ATH was a level not previously seen, it was natural for some profit-taking to occur, whether by institutions, investors, miners, or OG holders who decided to exit at this price range. A notable sell-off took place in the last few days of the month. Galaxy Digital disposed of 80,000 BTC for a client, valued at around $9 billion. While it was a strong month for BTC Exchange-traded funds (ETFs), with only 4 days marking outflows, anything that goes up must come down, right? On July 31st and August 1st, over $920 million left ETFs, according to data from SoSoValue. The following graph, shared by CryptoQuant, is a good visualization of the sharp decline. Source: CryptoQuant “ETF inflows were intermittent and not stable during periods when funds were withdrawn from ETFs. There was no alternative demand to compensate for this shortfall,” was noted by the blockchain page ArabxChain. The macroeconomic scene also did not help much, with the most recent Federal Reserve meeting from last week, despite the US economy posting a 3% increase. President Trump used this opportunity to urge Fed Chair Jerome Powell to cut rates, but they remained unchanged. Future Outlook The crypto asset with the largest market capitalization experienced a few wobbly days and appears to be still recovering from them, with overall market santiment split between bearish and bullish. The most recent liquidation heatmap from Coinglass indicates strong investor confidence that Bitcoin will regain its previous levels, with a significant cluster of positions centered around the $120,000 mark. Source: Coinglass Michaël van de Poppe noted on X that “Bitcoin is doing great,” but also emphasized the possibility that BTC is not entirely out of the woods yet. “Rejection here? Yes, that would mean we’re retesting the area around $110-112K.” The author and advocate of BTC, Robert Kiyosaki, is still leaning toward a more bearish stance, citing historically low August levels. Although he will not shy away from buying the dip, should it happen. The post End-of-July Bitcoin Dip Explained: What Triggered It? (CryptoQuant) appeared first on CryptoPotato .

5 Aug 2025, 18:30

U.S. government has picked OpenAI, Google, and Anthropic to provide AI tools to federal agencies

The U.S. government has officially designated OpenAI, Google, and Anthropic as approved artificial intelligence (AI) vendors, paving the way for easier adoption of their tools across federal agencies. U.S. Announced by the General Services Administration (GSA), the move is part of a broader push by the U.S. to accelerate the responsible use of AI in civilian government operations. The companies—creators of ChatGPT, Gemini, and Claude—are now available through the GSA’s Multiple Award Schedule, a contracting mechanism that offers pre-negotiated pricing and terms. Previously, agencies had to go through time-consuming legal and procurement processes to acquire AI tools. The GSA has effectively removed much of that red tape by adding these three firms to its schedule. “We’re not in the position of picking winners or losers here. We want the maximum number of tools to provide to all federal government employees to make them as productive as possible,” said GSA Deputy Administrator Stephen Ehikian. “There’s going to be different tools for different use cases.” Though specific contract values remain undisclosed, the GSA is known for securing deep discounts through bulk purchasing—similar to past deals with Adobe, Salesforce, and Google. The selected AI models underwent GSA vetting for safety, performance, and security. Officials added that more AI vendors may be approved soon, pending completion of the evaluation process. Federal agencies prepare for widespread AI integration The U.S. government’s decision to approve OpenAI, Google, and Anthropic as official AI vendors marks a turning point in how federal agencies adopt and integrate artificial intelligence into their operations. For example, the Office of Personnel Management (OPM) plans to use AI to develop customer service chatbots and analyze public comments on federal regulations. OPM Director Scott Kupor noted that manually summarizing tens of thousands of citizen responses often delays the regulatory process, but said that with AI, the agency could work faster and more accurately. Other departments like the Treasury and the Department of Commerce are exploring AI to help detect tax fraud , process patents, and support grant application reviews. Until now, many of these tools were limited to small-scale pilot projects, often siloed within national security or research-focused initiatives. The GSA’s new approval opens the door for agency-wide and cross-agency adoption. The Pentagon has already been ahead of the curve, issuing contracts to OpenAI and Elon Musk’s xAI for military-related projects. Those deals are separate from the GSA program but signal a federal consensus: AI is now a core component of U.S. government strategy. White House sets new standards to curb AI bias The GSA’s announcement follows a recent push from U.S. President Donald Trump to reshape federal AI policy . Just days before the vendor list was released, Trump signed three executive orders to tighten government AI use oversight. This rule suggests that it will be implemented at the agency level, with each department deciding what bias is and how they imagine they can test for it. Trump and other conservative leaders have regularly referred to bias as the “woke AI” problem. The effort goes beyond simply processing new technology, said Josh Gruenbaum , Commissioner of the GSA’s Federal Acquisition Service. He called it winning the global race in artificial intelligence, the same thing the president said when he declared that “the U.S. must win.” Still, the inclusion of OpenAI, Google, and Anthropic, companies often accused by conservatives of holding liberal biases, suggests the government focuses more on utility and performance than ideology, at least in the early stages. The GSA noted that the agency’s vetting process included bias assessments, security checks, and performance evaluations, and added that more tools would be added as they meet the required standards. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

5 Aug 2025, 18:22

RATE CUT ODDS SOAR, PROJECT CRYPTO, TRUMP TARIFFS

Crypto rises as Fed pivot bets build, SOL leads. ETH sees ATH ETF outflow. BMNR bought 200k ETH in past week. Vitalik proposes multidimensional ETH fees. US set to fine banks for crypto discrimination. SEC issues guidance on stablecoin accounting. Chainlink launches US equity data streams. Anti-Crypto Warren is a LOSER: Trump. CFTC opens door to crypto futures exchanges. Coinbase, Paypal to offer stablecoin yield. Thiel backed Bullish files for IPO. Arkham uncovers $3.5bn crypto heist

5 Aug 2025, 18:05

BlackRock Deposits $372,000,000 Worth of Ethereum and $292,000,000 in Bitcoin to Coinbase Prime: On-Chain Data

The world’s largest asset manager has deposited hundreds of millions of dollars worth of Ethereum ( ETH ) and Bitcoin ( BTC ) into Coinbase Prime, on-chain data shows. According to the blockchain tracking platform Lookonchain, BlackRock recently moved massive amounts of ETH and BTC worth a combined $664 million to the top US crypto platform as Trump’s latest tariff policies and new US jobs data have sparked market volatility. “BlackRock (ETHA) deposited 101,975 ETH ($372 million) and 2,544 BTC ($292 million) into Coinbase Prime [Tuesday].” The on-chain data indicate that the assets are from BlackRock’s Ethereum exchange-traded fund (ETF), the iShares Ethereum Trust (ETHA), and its Bitcoin ETF, the iShares Bitcoin Trust (IBIT). It’s unclear the reason for the transfers, but it may indicate an intention to sell on behalf of clients. BlackRock uses Coinbase Prime for custody, sales and other services. The asset manager moved the Bitcoin in batches of 300 BTC and it moved Ethereum in multiple 10,000 ETH transactions. Meanwhile, Lookonchain reports institutional accumulation sprees of Ethereum have been surging. “Whales/institutions keep buying ETH! Another three fresh wallets bought 63,837 ETH ($236 million) via FalconX and Galaxy Digital OTC (over the counter) [Monday]. Since July 9th, a total of 14 fresh wallets have accumulated 856,554 ETH ($3.16 billion).” Lookonchain also notices ETH Treasury firm SharpLink added more Ethereum to its books this week. “SharpLink bought another 18,680 ETH ($66.63 million) [Monday]. SharpLink currently holds 498,711 ETH ($1.81 billion).” Bitcoin is trading for $113,012 at time of writing, down 1.8% in the last 24 hours. Meanwhile, ETH is trading for $3,578 at time of writing, down 2.2% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE-2 The post BlackRock Deposits $372,000,000 Worth of Ethereum and $292,000,000 in Bitcoin to Coinbase Prime: On-Chain Data appeared first on The Daily Hodl .

5 Aug 2025, 18:02

Robin Energy Invests $3 Million in Bitcoin Through Anchorage Digital Bank, Signaling Potential Shift in Corporate Treasury Strategies

🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Robin Energy has