SoSoValue Crypto Daily | Crypto Market Steady Amid Mixed Signals; Texas Makes First State-Level Bitcoin Purchase, Regulatory and Legal Developments in Focus

SoSoValue Crypto Daily | El mercado de criptomonedas se mantiene estable en medio de señales mixtas; Texas realiza la primera compra de Bitcoin a nivel estatal, con enfoque en desarrollos regulatorios y legales

SoSoValue Crypto Daily | Le marché crypto reste stable malgré des signaux mitigés ; le Texas effectue son premier achat de Bitcoin au niveau de l'État, l'accent étant mis sur les développements réglementaires et juridiques

SoSoValue 暗号資産（仮想通貨）デイリー | 相場はさまざまなシグナルが混在する中で安定、テキサス州が州レベルで初の Bitcoin 購入、規制と法的な動向に注目

SoSoValue Crypto Daily | Mercado de Cripto Estável em Meio a Sinais Mistos; Texas Faz a Primeira Compra de Bitcoin em Nível Estadual, Desenvolvimentos Regulatórios e Legais em Foco

SoSoValue Crypto Daily | Криптовалютный рынок стабилен на фоне смешанных сигналов; Техас совершает первую покупку Bitcoin на уровне штата, в центре внимания нормативные и юридические разработки

SoSoValue 加密貨幣日報 | 加密貨幣市場在混合訊號中保持穩定；得克薩斯州完成首筆州級 Bitcoin 購買，監管和法律進展成為焦點

SoSoValue Kripto Günlüğü | Kripto Piyasası Karışık Sinyaller Arasında İstikrarlı; Teksas İlk Eyalet Düzeyinde Bitcoin Satın Alımını Yaptı, Düzenleyici ve Yasal Gelişmeler Odakta

SoSoValue Crypto Daily | Thị trường Crypto ổn định giữa các tín hiệu trái chiều; Texas thực hiện giao dịch mua Bitcoin cấp tiểu bang đầu tiên, tập trung vào các phát triển pháp lý và quy định

SoSoValue 加密货币日报 | 加密货币市场在混合信号中保持稳定；得克萨斯州完成首笔州级 Bitcoin 购买，监管和法律进展成为焦点

<p>The crypto market remained stable with a slight 0.28% dip in total capitalization as Bitcoin fell 0.66% and Ethereum rose 0.5%. Texas reportedly became the first U.S. state to buy Bitcoin, purchasing $5 million in BlackRock’s ETF as part of its new state reserve policy. Japan’s Metaplanet expanded its Bitcoin-backed financial strategy with a new $130 million loan to acquire more BTC and potentially buy back shares. The U.S. regulatory landscape saw movement as the CFTC called for CEO Innovation Council nominations and Kevin Hassett emerged as a frontrunner for Federal Reserve Chair, both possibly impacting crypto policy. Binance faces a major lawsuit alleging it enabled terrorism financing related to the 2023 Hamas attack, while prediction market Polymarket received CFTC approval to operate under stricter U.S. regulation.</p>

<p>Market UpdateThe cryptocurrency market displayed a modest retreat today, with the total market capitalization declining by 0.28% to $3.1 trillion. Bitcoin (BTC) slipped by 0.66% over the past 24 hours, settling at $87,400, while Ethereum (ETH) managed a 0.5% increase to $2,950. Most crypto sectors saw mixed movements, with changes hovering around the 1% mark, indicating a generally stable yet cautious trading environment.Texas Initiates State Bitcoin ReserveA notable development came from Texas, where the state reportedly executed its first Bitcoin purchase—roughly $5 million worth of BlackRock’s IBIT Bitcoin ETF. This allocation marks the inaugural deployment of funds under Texas’s new SB 21 law, signed by Governor Greg Abbott in June, which established a Bitcoin reserve managed by the Texas Treasury Safekeeping Trust Company. According to the Texas Blockchain Council, this is the first time a U.S. state government has officially purchased Bitcoin, though formal confirmation from officials is still pending. This move could signal a growing acceptance of digital assets among U.S. public institutions.Corporate Bitcoin Accumulation ContinuesJapan-based Metaplanet further expanded its Bitcoin-backed strategy, leveraging an existing credit facility to issue a new $130 million loan. The loan funds will be used to acquire additional Bitcoin, pursue revenue-generating opportunities, and potentially buy back company shares. Metaplanet currently holds 30,823 Bitcoin—valued at $2.7 billion—which serves as collateral for its $500 million credit line, with $230 million already drawn. This underlines a broader trend of corporates using Bitcoin reserves as financial leverage.U.S. Regulatory Landscape EvolvesOn the regulatory front, Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), has initiated calls for nominations to the CEO Innovation Council. This council is expected to play a pivotal role in shaping the agency’s crypto policy priorities, underscoring the increasing engagement of U.S. regulators with the crypto industry.Separately, Bloomberg reported that Kevin Hassett, Director of the White House National Economic Council, has emerged as a leading candidate for the next Federal Reserve Chair, a decision that could have notable implications for the broader financial landscape, including digital assets.Binance Faces Lawsuit over Alleged Terrorism FinancingBinance, the world’s largest cryptocurrency exchange, is facing a lawsuit in North Dakota federal court from more than 300 victims and families affected by the 2023 Hamas attack in Israel. The plaintiffs allege that Binance “knowingly and systematically” facilitated the transfer and concealment of hundreds of millions of dollars for Hamas and other sanctioned organizations, thereby materially supporting terror activities. Similar lawsuits are pending against Binance across the U.S., with the exchange declining to comment on ongoing legal matters.Polymarket Secures CFTC ApprovalPrediction market platform Polymarket has received a revised designation order from the CFTC, allowing it to operate as a fully regulated U.S. platform. This approval enables Polymarket to serve American users through traditional brokerage and futures channels, bringing it under the full regulatory oversight of federal authorities. The move mandates higher standards for market operations, clearing, and reporting, and reflects the ongoing integration of crypto-native services into established regulatory frameworks.</p>

Crypto Market Steady Amid Mixed Signals; Texas Makes First State-Level Bitcoin Purchase, Regulatory and Legal Developments in Focus