The Breez SDK is launching integration of the Liquid Network in addition to their support for the Lightning Network. Breez SDK has been a great success in making integration of Lightning support easier for developers. Used by Relai, Cake Wallet, CrowdHealth, and numerous other companies who have built out support for the Lightning Network.

Liquid support represents the next phase of significant expansion of the Breez SDK. Liquid is a federated sidechain network utilizing L-BTC, a bitcoin backed token custodied by the members of the federation operating the Liquid Network.

It is important to note that while people using the Liquid Network do self custody their L-BTC, having control to…

Read more on BitcoinMagazine

Hong Kong is ushering in a groundbreaking development in the cryptocurrency sector with the introduction of Asia’s first inverse exchange-traded fund (ETF) linked to Bitcoin, spearheaded by CSOP Asset Management. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, debuting on Tuesday, is designed for investors to hedge or capitalize on the declines in Bitcoin prices, particularly in the wake of U.S. political turbulence affecting the markets.

This strategic move underscores Hong Kong’s aspirations to solidify its status as a premier destination for crypto finance, rivaling hubs like Singapore and Dubai. The launch aligns with the city’s broader efforts to foster a crypto-friendly environment, evidenced by the recent introduction of both Bitcoin and Ether ETFs. Despite mixed responses to these earlier offerings, the new inverse ETF is set to enhance Hong Kong’s competitive edge in the crypto sphere.

Amidst fluctuating Bitcoin values, which recently saw a surge to $67,234 following former U.S. President Donald Trump’s renewed political prospects, CSOP’s CEO Ding Chen sees potential for significant asset accumulation, aiming for $50 to $100 million within a few years. The introduction of this product not only caters to current market demands but also bolsters Hong Kong’s positioning as a leading global player in cryptocurrency investments.

Source

Real Bedford FC, a pioneering non-league football club in the UK, continues to deepen its Bitcoin commitment by purchasing 66.9 BTC for $4.5 million, enhancing its treasury to 82.7 BTC. The club, which is innovatively integrating Bitcoin into its operations, made its latest purchase at an average price of $67,220 per BTC. This move aligns with chairman Peter McCormack’s vision to rejuvenate Bedford through Bitcoin, which began last June.

The club, now branded as the “Bitcoin football team,” has taken significant strides by incorporating the BTC logo and the name “Satoshi” on their jerseys. Additionally, RBFC accepts Bitcoin for all merchandise sales, appealing to a growing crypto-savvy fanbase. This strategy has attracted notable investments from figures like the Winklevoss twins, who recently injected $4.5 million into the club and joined as co-owners.

While RBFC remains in the non-league, its innovative approach to integrating cryptocurrency with sports management has resonated widely, securing new partnerships and sponsorships within the crypto industry. As institutional interest in Bitcoin grows, RBFC’s proactive adoption positions it uniquely within both the sports and financial sectors, potentially setting a new standard for sports clubs globally.

Metaplanet Inc., a prominent player in the cryptocurrency market, has announced the purchase of an additional 20.38 Bitcoins. This recent acquisition was made at an average purchase price of 9,813,061 yen per Bitcoin, amounting to a total expenditure of 200 million yen. The company disclosed this progress as part of their ongoing investment strategy in digital assets.

Following this latest purchase, Metaplanet Inc. has now completed their goal of acquiring 1 billion yen worth of Bitcoins. The total number of Bitcoins bought with the 1 billion yen investment is 104.919 BTC, at an average price of 9,531,162 yen per Bitcoin. This brings Metaplanet Inc.’s total Bitcoin holdings to 245.992 BTC, with an aggregated investment of 2.45 billion yen at an average purchase price of 9,959,687 yen per Bitcoin.

Understanding the fundamental differences between fiat currency and Bitcoin is crucial for envisioning the future of your money. Fiat currency, represented by traditional money like the US dollar, has an infinite supply. Central banks can print more money as needed, leading to potential inflation and a decrease in purchasing power over time.

On the other hand, Bitcoin has a fixed supply of 21 million coins, which cannot be increased. This finite supply makes Bitcoin a deflationary asset, potentially increasing in value as demand grows and supply remains constant. This characteristic positions Bitcoin as a hedge against inflation and a store of value.

Exploring these differences highlights the unique advantages Bitcoin offers in preserving value and protecting against the dilution of purchasing power, providing a compelling case for its inclusion in a diversified financial strategy.

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.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Europe emerges as the dominant force in the global cryptocurrency market, holding 37.32% of the total transactional value, as detailed by Coinwire. This achievement is largely fueled by Europe’s advanced regulatory environment and a technologically adept population. Following Europe closely, Asia contributes 36.17%, driven by high mobile usage and strong tech infrastructure. Notably, Europe’s trading volume in 2024 reached a staggering $40.51 trillion, with Russia leading at over $633 billion.

Slovenia distinguishes itself within Europe, boasting the highest cryptocurrency spending per internet user. Slovenians, on average, invest $2,609 monthly in crypto, showcasing a robust belief in digital assets and favorable local regulations. Additionally, despite ongoing conflicts, Ukraine maintains significant activity, with a trading volume around $442 billion, indicating strong market engagement relative to economic conditions.

Binance holds its position as the top global crypto exchange with a volume of $2.77 trillion. Its extensive reach and operational base in over 100 countries underline its pivotal role in the crypto trading landscape, further establishing the growing influence and acceptance of cryptocurrencies worldwide.

Data