After ‘I’m A Nazi’ Rant On X, Kanye West Is Reportedly Considering A Token After All

Ye, formerly known as Kanye West, may be set to launch a cryptocurrency called YZY, marking his latest move in a long string of business ventures.

What Happened: Quoting sources familiar with the project, Coindesk reported that the token is intended to serve as the official currency of his Yeezy brand while allowing him to sidestep traditional financial platforms that have distanced themselves from him due to his public controversies.

The YZY token’s structure has already raised concerns.

Seventy percent of its total supply will be allocated to Ye himself, with only a small portion set aside for investors and liquidity.

This centralized ownership model closely resembles…

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LATEST: South African Firm Altvest Adopts Bitcoin as Inflation Hedge Strategy

Altvest Capital Limited a major player on the Johannesburg Stock Exchange has declared its transition to Bitcoin as its principal treasury reserve asset. This bold move positions Altvest as the first listed African company to anchor its financial strategy in cryptocurrency securing its assets against inflation with Bitcoin’s finite supply of 21 million coins.

The company’s strategic shift includes a focused Bitcoin-only investment strategy amid a global rise in institutional acceptance of the digital asset. Altvest aims to bolster financial resilience and preserve shareholder value by leveraging Bitcoin’s liquidity and strong market security features.

CEO Warren Wheatley expressed confidence in Bitcoin’s unique attributes stating that it aligns perfectly with Altvest’s investment philosophy. The decision reflects a comprehensive risk assessment and a commitment to navigating economic shifts while enhancing the company’s treasury portfolio with a proven decentralized asset.

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Moving Forward with Bitcoin Reserve Bill

Montana is moving to allow bitcoin to be part of its state reserves. House Bill 429 (HB 429) passed the Montana House Business and Labor Committee with a 12-8 vote. All Republicans voted for it, all Democrats against.

Satoshi Action Fund on X

The bill, introduced by Representative Curtis Schomer, now goes to the full Montana House. If it passes, it goes to the state Senate.

HB 429 creates a state investment fund with bitcoin, precious metals and stablecoins. Digital assets must have a market cap of at least $750 billion over the past year to qualify. Right now, only Bitcoin meets that requirement.

This bill allows Montana to invest in bitcoin as a hedge against…

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