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Chinese companies are tokenizing rare Huanghuali trees and other commodities in an effort to address liquidity issues facing various industries.
Digital Tokens For Scarce Resources
Firms located on Hainan, a tropical island in China, are capturing images of Huanghuali trees, a scarce species of rosewood, to transform them into digital assets, as reported by Reuters.
Zhao Xiaobao, the Hainan representative for Geely Technology Group, a subsidiary of Chinese automaker Geely Automobile Holdings (OTC:GELYF), expressed that converting the Huanghuali into tradeable tokens could infuse much-needed capital into industries grappling with cash flow issues.
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BitGo, a digital asset infrastructure company, announced it now offers Bitcoin Lightning Network access directly from its qualified custody platform. The move makes it one of the first companies to provide Lightning payments for institutional custody.
The service aims to give clients faster and cheaper Bitcoin transactions while keeping institutional security standards intact. It builds on BitGo’s earlier self-custody Lightning solution.
The new offering is powered through a partnership with Voltage, a Lightning Network infrastructure provider. Clients can now use Lightning without running their own nodes or managing keys. BitGo and Voltage handle infrastructure, channels,…
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The bitcoin price (BTC) briefly surged above $90,000 early Wednesday in U.S. trading, only to tumble back below $87,000 within minutes, reflecting a fragile and volatile crypto market.
The largest cryptocurrency rallied from roughly $87,000 to above $90,000 around 10:00 a.m EST before rapidly retracing to the $86,500–$87,500 range.
At the time of writing, Bitcoin price was near $86,000, down over 0.5% over the past 24 hours despite having been higher by more than 3% minutes earlier.
The swift swings triggered more than $190 million in liquidations across crypto derivatives markets, hitting both long positions — bets on rising prices — worth $72 million, and short…
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Bitcoin’s Lightning Network, the layer-2 payments system designed to make Bitcoin faster and cheaper to use, has reached a new all-time high in capacity, signaling renewed institutional interest even as grassroots adoption lags.
Data from AMBOSS shows Lightning capacity climbed to 5,637 BTC yesterday, surpassing its previous peak in March 2023.
The surge, concentrated in November and December, follows a year of declining capacity, as more Bitcoin is added to existing channels, enabling off-chain payments that settle nearly instantly and at minimal fees.
Yet, the network’s growth in BTC held has not been mirrored by an increase in users or nodes. Lightning currently has…
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The second Edition of the Bitcoin Medellin Conference is coming. The small but high signal conference is set in the City of Eternal Spring, Medellin, a tourism hot spot for the Latin American countries, featuring rich food, landscapes, music, and culture, famous for the charisma and beauty of its people. Medelling also hosts a large international community with a strong entrepreneurship and start-up culture.
The Bitcoin Medellin conference will take place on January 16- 17, 2026, in Plaza Mayor, a large event conference space near the heart of the city. The conference will feature international grade speakers like Jeff Booth, Venture Capitalist and author of The Price Of Tomorrow,…
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Norway’s Norges Bank Investment Management (NBIM), the manager of the country’s $1.7 trillion sovereign wealth fund, has voted in favor of all five management proposals at Metaplanet’s upcoming Extraordinary General Meeting (EGM) on Dec. 22, endorsing the firm’s bitcoin treasury strategy.
NBIM, which held roughly a 0.3% stake in Metaplanet as of June 30, disclosed its vote via Dylan LeClair, Metaplanet’s director of bitcoin strategy.
The five proposals are designed to expand the company’s capital flexibility and support non-dilutive bitcoin accumulation.
One proposal would reduce capital stock and capital reserves, allowing funds to be transferred to surplus. This would…
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Bhutan has committed up to 10,000 bitcoin to support the long-term development of Gelephu Mindfulness City (GMC), marking one of the most ambitious sovereign uses of bitcoin for national infrastructure and economic development to date.
The Himalayan kingdom unveiled the Bitcoin Development Pledge this week, allocating a portion of its sovereign bitcoin holdings — valued at roughly $860 million to $1 billion at current prices — to back the new special administrative region in southern Bhutan.
Officials emphasized that the allocation is intended to preserve capital over the long term rather than fund near-term spending through asset sales.
Instead, Bhutan is exploring mechanisms…
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