ChainCatcher news, according to a report by Reuters, Jan Kubicek, a member of the Czech National Bank (CNB) board, holds a "skeptical attitude" towards incorporating Bitcoin into the bank's large reserve assets, primarily due to concerns about its legal uncertainty and the volatility of digital currencies. Earlier this year, CNB Governor Ales Michl proposed considering Bitcoin, and the bank has begun analyzing the possibility of expanding the asset classes in its reserve investment portfolio. However, CNB Vice Governor Eva Zamrazilova has stated that Bitcoin is not a suitable reserve asset.In an interview on Tuesday, Kubicek stated, "We will evaluate different categories of assets, and Bitcoin is just one of them. I have a fairly skeptical attitude towards Bitcoin." He pointed out that the legal status of Bitcoin is an issue, as directly holding Bitcoin would mean developing many new processes in areas such as accounting or auditing. He also mentioned that volatility is another concern, making it difficult to assess market price trends. He said, "We cannot be sure whether the volatility of Bitcoin in the coming years will resemble the patterns observed in the past decade, because I doubt that if more institutional investors accept Bitcoin as an investment asset, its performance will be different from what we have seen so far."Kubicek indicated that the bank's research on new asset classes may be completed before October, and this research could explore the possibility of holding international corporate bonds, as well as investing in more targeted stock indices (such as technology) and real estate investment funds.

ChainCatcher news, according to Bloomingbit, the announcement by U.S. President Trump to consider XRP, ADA, and Solana as strategic reserve assets has led to a significant increase in the prices of these three cryptocurrencies, while also drawing strong skepticism from industry experts. Castle Island Ventures partner Nick Carter stated on social media: "The government's role is not to operate alternative cryptocurrency hedge funds."Several experts pointed out that some of the selected cryptocurrencies have serious flaws that make them unsuitable as strategic reserve assets. SpaceID business development manager Harrison Seletsky stated: "Ethereum and Solana have strong networks and may be suitable for inclusion as strategic reserve assets, but the mainnets XRPL and Cardano of XRP and ADA are clearly lacking in total locked value (TVL) and stablecoin liquidity."TwoPrime Digital Assets CEO Alexander Blum emphasized the centralization issue: "XRP, ADA, and Solana have centralized ownership structures, which fundamentally distinguishes them from Bitcoin." Smadex co-founder Jean Rausis criticized: "The strategic cryptocurrency reserve plan that includes XRP, Solana, and ADA is Trump's attempt to profit for himself; he knows nothing about cryptocurrency strategic reserves."

ChainCatcher message, cryptocurrency analyst Immortal posted on X: "The on-chain transaction volume of BTC is far from the levels of 2021... but are we expecting a big bull market? Even high transaction fees do not necessarily indicate a bull market; just look at past cycles."In response, Zhao Changpeng stated: "My intuition is that due to high fees and long block times, BTC now resembles a reserve asset rather than a transaction currency. A lot of new funds are buying ETFs, and these ETFs do not reflect on-chain transactions. Just to clarify, I might be wrong."

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that regarding the issue of Bitcoin reserves, the Federal Reserve is legally restricted from adding such assets to its balance sheet.

ChainCatcher news, according to GlobeNewswire, reinsurance solution Oxbridge today announced that its board has approved the decision to hold Bitcoin and Ethereum as treasury reserve assets. This decision reflects Oxbridge's commitment to innovation and its strategy of diversifying financial assets while exploring inflation-resistant assets with long-term growth potential, including Bitcoin, Ethereum, and potentially other cryptocurrency-related opportunities.This initiative complements Oxbridge's blockchain-based tokenization of real-world assets (RWA) program. These plans are driven by its Web3-focused subsidiary SurancePlus Inc. ("SurancePlus"), aiming to reshape the accessibility of reinsurance investments through tokenization and decentralization.By leveraging blockchain technology, SurancePlus hopes to enable more people to participate in investments in reinsurance contracts, transforming this asset class, which was previously reserved for ultra-high-net-worth individuals and institutions, into a dynamic and inclusive investment opportunity.

ChainCatcher news, the draft regulations for the supervision of stablecoin issuers have been submitted to the Hong Kong Legislative Council for review this week. Legislative Council member and chairman of the Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, pointed out that stablecoins are part of the infrastructure of virtual assets. In addition to being used for investment, they can also facilitate cross-border payments, making them an important tool for citizens to participate in virtual assets. However, the current regulatory direction suggests that issuers should entrust their reserve assets to Hong Kong banks, which may not comply with the local regulations of individual coin merchants. Efforts will be made to communicate with the government and the industry to seek a compromise solution, such as establishing contracts or notes for mutual recognition between the two regions, while not requiring the assets to be held in Hong Kong.

ChainCatcher news, Bankless co-founder Ryan Sean Adams posted on social media that Ethereum has the potential to be a reserve asset.In addition, Ryan Sean Adams also hinted that Trump is unwilling to fall behind other countries in ETH reserves.

ChainCatcher news, publicly traded company Jiva Technologies announced that its board has approved the purchase of $1 million in Bitcoin as part of its reserve asset and corporate fund management strategy. Its CEO Lorne Rapkin stated that the inherent scarcity and limited supply of Bitcoin make it a modern hedge against inflation and a safe haven during times of economic uncertainty. The company will also closely monitor its Bitcoin holdings to ensure alignment with market conditions and the company's cash flow requirements.

ChainCatcher news, according to PR Newswire, the NASDAQ-listed company Anixa Biosciences, Inc. (NASDAQ: ANIX) announced that its board has approved the purchase of Bitcoin as a treasury reserve asset, aimed at diversifying the company's assets while allowing Anixa to benefit from the potential long-term value of digital assets.It is reported that Anixa is a clinical-stage biotechnology company focused on cancer treatment and prevention.

ChainCatcher News, the U.S. publicly traded company SAIHEAT Limited (NASDAQ: SAIH, SAITW) announced that it has purchased $1.5 million worth of Bitcoin and currently holds approximately 102 Bitcoins, including staked and restricted Bitcoins.The company stated that it is committed to implementing a comprehensive HODL strategy for its Bitcoin holdings, aiming to retain the Bitcoins mined through operations as long-term assets. Additionally, SAIHEAT is making strategic purchases in the open market to increase its Bitcoin reserves while aligning with its long-term financial goals.It is understood that SAIHEAT Limited is a company providing integrated energy services for data centers, formerly known as SAI.TECH Global Corporation, which merged with TradeUP Global Corporation in May 2022 to become a publicly traded company on NASDAQ. (Globenewswire)

ChainCatcher news, according to PR Newswire, the U.S. publicly traded company Hoth Therapeutics announced that its board of directors has approved the purchase of up to $1 million in Bitcoin.Hoth CEO Robb Knie stated, "With the continued growth of Bitcoin and its gradual emergence as a major asset class attracting investor attention and recognition, we believe Bitcoin will become a powerful financial reserve asset. With the recent approval of Bitcoin ETFs and the increasing activity of institutional investors, Bitcoin will serve as a strong complement to financial strategies. We believe that Bitcoin's anti-inflation characteristics may make it a reliable asset with value storage capabilities."

ChainCatcher news, according to PR Newswire, the board of directors of Nasdaq-listed biopharmaceutical company Acurx Pharmaceuticals has approved the purchase of $1 million in Bitcoin as a reserve asset.Acurx President and CEO David P. Luci stated, "With the growing demand for Bitcoin and its increasing acceptance as a major asset class, we believe that Bitcoin will become a powerful reserve asset to offset cash shortages in the next 12 to 18 months. With the recent approval of Bitcoin ETFs and the increasing support from government agencies and institutional investors, Bitcoin will be a significant complement to funding strategies. The limited supply of Bitcoin and its anti-inflation characteristics make it a practical means of value storage, and this new funding strategy is a financial strategy that will not impact the overall drug development plan."

ChainCatcher news, Nasdaq-listed healthcare company Cosmos Health has incorporated BTC and ETH into its reserve assets. The company stated that the adoption of this new policy aligns with its forward-looking approach to investing in new technologies, including the recent acquisition of its AI-driven drug repurposing platform, Cloudscreen.Cosmos Health expects that adding Bitcoin and Ethereum, along with potential other cryptocurrencies and blockchain-related assets, will help diversify its balance sheet and provide significant upside potential as these assets gain increasing adoption globally. In addition to holding Bitcoin and Ethereum as reserve assets, the company is also committed to meeting the needs of customers who wish to make payments using cryptocurrencies. (Accesswire)

ChainCatcher news, according to Bitcoin Magazine, publicly traded company Thumzup Media Corp announced that it will adopt Bitcoin as a treasury reserve asset, with the company's board approving the purchase of up to $1 million in Bitcoin.It is reported that Thumzup Media Corp is engaged in the social media branding and marketing industry. The company operates in a single business area, namely social media marketing.

ChainCatcher news, the AI-driven education group Genius Group announced that its board has adopted a global "Bitcoin-first" strategy, making Bitcoin its primary reserve asset.The company's board has approved a commitment to allocate 90% or more of its current and future reserve assets to Bitcoin, with a goal of an initial investment of $120 million through ATMs, as a long-term hold for its main treasury reserve asset, while launching a Web3 wealth revival education series and enabling global Bitcoin payments on the company's Edtech platform.

ChainCatcher message, Real Vision analyst Jamie Coutts CMT stated on X: "Bitcoin may have already appeared on the balance sheets of multiple countries, especially those with domestic mining operations. The announcement by Trump and Robert F. Kennedy Jr. to adopt it as a reserve asset for the U.S. will be preemptively implemented by other countries. Regardless of whether these candidates are elected, the situation has changed."

ChainCatcher news, the Hong Kong Monetary Authority stated that it will adopt a risk-based regulatory approach, requiring fiat stablecoin issuers to demonstrate that their reserve asset investment policies and liquidity management policies are commensurate with the scale and complexity of their business, ensuring that they can meet redemption requests under both normal and stressed conditions.Regarding the types of reserve assets, the Monetary Authority indicated that, in general, high-quality and highly liquid reserve assets may include:Coins and banknotes;Deposits with licensed banks;High-quality securities that represent claims against governments, central banks, or qualified international organizations, or are guaranteed by them;Overnight reverse repurchase agreements with extremely low counterparty risk collateralized by such securities; andTokenized forms of the above assets.Issuers must take ultimate responsibility for the risk management of reserve assets and should also discuss investment policies with the Monetary Authority. As for other investment instruments, the Monetary Authority will consider them on a case-by-case basis, with relevant factors including the supply and liquidity of such assets, as well as the ability to liquidate such assets in a short time.

ChainCatcher news, according to Ming Pao, the Hong Kong Financial Services and the Treasury Bureau and the Monetary Authority published a consultation summary yesterday on the legislative proposal for the regulation of fiat-backed stablecoin issuers in Hong Kong. The vast majority of respondents agreed that there is a need to introduce a regulatory framework for fiat-backed stablecoin issuers to appropriately manage potential monetary and financial stability risks, and to provide transparency and suitable regulations.The Financial Services and the Treasury Bureau and the Monetary Authority will finalize the legislative proposal based on the opinions and suggestions of the respondents and will submit the bill to the Legislative Council as soon as possible; the Monetary Authority is also processing "sandbox" applications from stablecoin issuers and will announce the list of participants in the short term. According to the consultation, most respondents support the requirement for the total value of reserve assets for fiat-backed stablecoins to be maintained at full reserve at all times. Some respondents raised potential difficulties in real-time reconciliation and the need to periodically replenish reserve assets to ensure that the market value of the reserve assets is at least equal to the face value of the circulating fiat-backed stablecoins.In addition, the consultation document suggests that the minimum paid-up capital for issuers should be at least 2% of the total amount of circulating fiat-backed stablecoins, or HKD 25 million, whichever is higher. Some respondents believe that it is difficult to maintain sufficient capital based on the circulation of fiat-backed stablecoins. The authorities will change the minimum paid-up capital requirement to HKD 25 million or 1% of the circulation of their stablecoins, whichever is higher, while the Financial Commissioner retains the flexibility and power to impose additional capital requirements when necessary.