In recent developments, BitMine’s Chairman Tom Lee has endorsed the U.S. government’s strategy to establish a Bitcoin reserve, which will include confiscated Bitcoin assets. This initiative aims to solidify the U.S.’s position in the evolving digital landscape. Meanwhile, Metaplanet’s CEO Simon Gerovich announced plans to increase the company’s Bitcoin holdings to 30,000 units, striving to own 1% of all Bitcoin by 2027. The firm emphasizes transparency and collaboration to promote Bitcoin adoption among businesses. Additionally, Jason Zhao, co-founder of Story Protocol, is stepping back to focus on a new AI venture, Poseidon, while remaining a strategic adviser. Story Protocol has successfully raised over $130 million to make intellectual property programmable on the blockchain. Lastly, a report from Binance highlights significant growth in the crypto market, driven by altcoins and stablecoins, with Ether seeing a remarkable 51% increase in July. This surge is attributed to corporate treasury holdings and a growing acceptance of cryptocurrencies, indicating a potential shift towards mainstream financial integration.
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