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Martin Gruenberg, Chairman of the U.S. Federal Deposit Insurance Corp. (FDIC), announced today that he’ll be stepping down on January 19, 2025, one day before Trump takes office.

I’d like to take this opportunity to tell Mr. Gruenberg not to let the door hit him on the way out.

The FDIC chair was one of the key players behind Operation Chokepoint 2.0 (as well as the first Operation Chokepoint), which included the unlawful debanking of a…

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Stablecoins are often pitched as a stopgap method, or a friendly tool for people in the developing world who cannot handle the volatility of Bitcoin. They are framed as something complementary to Bitcoin, not in competition with it. Nothing could be further from the truth.

Bitcoiners have commonly used the meme of a trojan horse to justify many things over the years, rationalizing many shortcomings and compromises made over time as what is necessary to sneak…

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On November 19, 2024, the daily net flow of U.S. Bitcoin ETFs showed a substantial overall increase, adding a total of 919 BTC across various funds. BlackRock’s Bitcoin ETF (Ticker: IBIT) led with a significant inflow, adding 978 BTC to its holdings. Fidelity’s Bitcoin ETF (Ticker: FBTC) also reported a robust increase, contributing an additional 656 BTC.

Other funds saw smaller but positive changes; Bitwise’s Bitcoin ETF (Ticker: BITB) gained 267 BTC, and ARK’s Bitcoin ETF (Ticker: ARKB) added 144 BTC to its portfolio. However, not all funds experienced growth. Grayscale’s BTC fund (Ticker: BTC) saw a notable decrease, losing 515 BTC, and Invesco Galaxy’s (Ticker: BTCO) decreased by 253 BTC. VanEck’s (Ticker: HODL) also recorded a decline, shedding 85 BTC.

Valkyrie’s (Ticker: BRRR) and Franklin Templeton’s (Ticker: EZBC) holdings remained stable with no changes reported for the day.

Overall, the total Bitcoin holdings of these ETFs amounted to 1,045,118 BTC, reflecting a net increase in market value of approximately $84.7 million. This day’s trading activity underscores a generally positive market trend with significant inflows into several major Bitcoin ETFs, contrasting with selective outflows from others.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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MicroStrategy’s corporate Bitcoin treasury strategy is taking off. Public companies are FOMO’ing into bitcoin. It’s almost as if Trump’s pro-Bitcoin stance is giving companies the green light to stack BTC.

Yesterday alone, seven public companies announced that they have bought or plan to buy bitcoin for their treasury reserves, with one new company committing to purchasing $1 million in BTC today. Crazy, right? It has felt…

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LQR House Inc. (NASDAQ: LQR), a leading e-commerce platform in the spirits sector, has announced a bold move into cryptocurrency by earmarking up to $1 million for Bitcoin purchases as part of its treasury management. The initiative extends to accepting cryptocurrency payments on their CWSpirits.com website, allowing customers to buy alcohol with digital currencies. This strategic pivot not only diversifies their investment but also enhances customer transaction options.

CEO Sean Dollinger highlighted Bitcoin’s acceptance as an asset class as a driving force behind their decision. “Bitcoin’s scarcity and finite supply make it an excellent hedge against inflation and economic uncertainty,” Dollinger stated. By retaining up to $10 million in Bitcoin from crypto transactions, LQR House signals strong confidence in the digital asset’s long-term value and growth potential.

Despite its new crypto-oriented approach, LQR House maintains a firm commitment to its core business and profitability strategies, including cost-reduction plans and collaborative efforts with board members to foster sustainable growth. The company will closely monitor its Bitcoin investments in alignment with its overall financial strategy and market conditions.

Source

Company Name: Casa

Founders: Nick Neuman, Jameson Lopp and others

Date Founded: Late 2017

Location of Headquarters: Remote

Website: https://casa.io/

Public or Private? Private

Being self-sovereign isn’t easy — especially if you aren’t technically-minded.

The team at Casa gets this and this is why, for over six years, the company has been helping customers secure their bitcoin in multisig wallets (also referred to as multi-key vaults).

The company was the first to offer an easy-to-use version of such a product that also came with customer support. It was Casa’s plan from the onset to be there for their customers, as this type of support was lacking in the broader crypto industry.

“The…

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