Florida senator files bill to allow state to invest in bitcoin

JUST IN: Bankrupt crypto exchange FTX to begin repaying customers on February 18.

Odaily Planet Daily News: Bit Digital, a cryptocurrency mining company listed on NASDAQ, Inc. officially released an unaudited operational update report for January 2025, which disclosed that the mining output in January was 28.7 BTC, a decrease of 11.4% compared to the previous month. In addition, the company received a staking reward of 65.8 ETH by staking 21568 ETH in the protoplasm staking protocol. As of January 31st, the company holds a total of 768.7 bitcoins and 27689.6 ETH, with fair market values of approximately $78.7 million and $91.3 million, respectively.

According to BlockBeats news, on February 8th, according to official sources, FTX will begin initial distribution to the claim holders allowed under its Chapter 11 restructuring convenience category on February 18, 2025. The initial allocation is limited to holders who are allowed to claim compensation in the convenience category of the plan before completing the allocation requirements. Qualified creditors should receive their distribution within 1 to 3 working days from February 18, 2025.

Odaily Planet Daily News Geoff Kendrick of Standard Chartered Bank and Matt Mena of 21Shares believe that, given that the yield of the 10-year US treasury bond bond is still lower than 4.50%, the current market situation is favorable to the special currency. Kendrick stated that if the yield remains at these levels throughout the weekend, Bitcoin may break through $102500 and potentially reach a historic high of over $108000 in February. Kendrick said: "Although the details of the US employment data released today are very clear, so far, the yield of the 10-year US treasury bond bond cannot exceed 4.50%, which is very constructive for digital assets. The yield is not higher, but the economic situation is still good, which is the golden development period of digital assets." (THE BLOCK)

1. The United States added 143000 new jobs in January, lower than expected 2. The probability of the Federal Reserve cutting interest rates in March is 14.5% 3. Trump may impose tariffs on other countries 4. Florida proposes allowing investment in Bitcoin 5. US House of Representatives pushes new bill to regulate stablecoins 6. ConsenSys faces bank ban action 7. Bitcoin market activity hits a one-year low 8. CFTC will hold Crypto CEO Forum The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/441745