The U.S. Office of the Comptroller of the Currency (OCC) confirmed that national banks and federal savings associations can trade cryptocurrencies on behalf of customers and outsource certain crypto activities, like custody and execution services, to third parties, provided they comply with relevant laws and risk management practices. Acting Comptroller Rodney Hood emphasized that banks can offer broader crypto custody services, including tax and reporting, and partner with sub-custodians. This move, part of a broader shift under the Trump administration to ease crypto restrictions, has been welcomed by the industry as a step toward clearer regulatory guidance and integration of digital assets into traditional banking.

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Steak ‘n Shake has announced it will begin accepting Bitcoin at all locations starting May 16, marking a major step in mainstream crypto adoption. The fast food chain teased the move in March, gaining attention from Bitcoin supporters like Jack Dorsey, and has since ramped up Bitcoin-themed marketing. With this move, Steak ‘n Shake joins other fast food giants like Chipotle, Subway, and McDonald’s in embracing crypto payments, a trend that began with the historic 2010 Bitcoin Pizza Day when 10,000 BTC bought two pizzas.

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New Hampshire has become the first U.S. state to establish a crypto reserve, passing legislation that allows its treasurer to invest up to 5% of public funds in precious metals and digital assets with a market cap over \$500 billion—effectively limiting crypto purchases to bitcoin. Governor Kelly Ayotte celebrated the move, referencing the newly signed HB 302, which permits these holdings through secure custody or exchange-traded products. Unlike Trump’s federal order, which only allowed holding existing bitcoin, New Hampshire’s law authorizes new purchases, marking a significant step beyond federal policy. The law will take effect in 60 days.

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Two Florida crypto bills—House Bill 487 and Senate Bill 550—aimed at establishing a state Bitcoin reserve were withdrawn from consideration on May 3 after the legislative session adjourned without passing them, marking another setback for U.S. state-level crypto investment efforts. HB 487 and SB 550, introduced in February, would have allowed Florida to invest up to 10% of certain state funds into Bitcoin, but their failure aligns Florida with several other states, including Wyoming, South Dakota, and Montana, where similar legislation has also stalled. Meanwhile, Arizona, which recently saw its House Bill 1025 vetoed by Governor Katie Hobbs due to concerns over digital assets being "untested investments," still has two active bills—HB 2749 and SB 1373—that could potentially make it the first state to establish a Bitcoin reserve, with advocates like Dennis Porter and Anthony Pompliano urging lawmakers to seize the opportunity.

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stargalgalexi

August 15, 2024, 13:58

CW: Dildo, Vaginal, Pee, Peegasm.

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It is still premature to declare a definitive bottom for the S&P 500 or to conclude that the trade war has been resolved. An economic recession would likely have negative implications for both markets. However, the current strength in equities indicates reduced risk aversion among investors. For the time being, the elevated correlation between cryptocurrencies and stocks may represent the most favorable scenario.

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Richard Byworth, partner at Syz Capital and adviser at Jan3, believes Michael Saylor’s company Strategy should ramp up its Bitcoin accumulation by acquiring cash-rich firms and converting their reserves into Bitcoin, rather than relying on over-the-counter purchases. He suggests that as Bitcoin’s supply on exchanges dwindles, Strategy could benefit shareholders by aggressively boosting its multiple of Net Asset Value (mNAV), even if it impacts market prices. Byworth points to Japan’s “zombie companies” with idle cash as potential acquisition targets, drawing parallels to Metaplanet’s recent moves. At the time of writing, Strategy holds 553,555 BTC, worth around $52.48 billion.

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Legendary investor Ray Dalio warned that the global monetary system is on the brink of collapse, accelerated by U.S. tariff policies under the Trump administration. In a recent post, he said these trade tensions are driving deglobalization, damaging international cooperation, and pushing countries—especially China and the U.S.—to reduce economic interdependence and seek alternatives. Dalio believes America’s role as the world’s top consumer and debt issuer is unsustainable, and nations are likely to bypass the dollar by forming new trade networks and turning to hard assets like Bitcoin and gold. He urged the U.S. to address its debt and trade imbalances through coordinated efforts rather than conflict, warning that continued volatility could lead to irreversible consequences.

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stargalgalexi

August 12, 2024, 22:21

This piece took a long time but it was worth it. I still need to create a diapered alt for this piece, but for now, here are two of the versions.

I am happy sometimes to create art like this I can actually share to non-babyfur furries so they can believe me when I tell them I DO ART! lol.

She's such a beautiful horse :'3 This was for a recent commission.

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stargalgalexi

August 9, 2024, 7:57

Recent Sleepy Pic for a commission! I literally cannot sleep unless I am snuggling my plushie.

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