UK’s Rejection of Bitcoin as Reserve Asset Highlights Diverging Global Crypto Strategies
The UK Treasury has firmly rejected the idea of adopting Bitcoin as a reserve asset, marking a clear divergence from the approaches being considered by the U.S. and EU. This decision underscores the varying attitudes toward cryptocurrency integration in traditional financial systems globally. Below is a detailed analysis of the implications and context of this development.
UK Rejects Bitcoin Reserves Strategy, Diverges from U.S. and EU Approaches
The UK Treasury has explicitly ruled out adopting Bitcoin as a reserve asset, distancing itself from nascent moves by the U.S. and EU toward crypto treasury management. Emma Reynolds, representing HM Treasury at the Financial Times Digital Asset Summit, stated the government views such a strategy as incompatible with domestic market conditions.
While American legislators debate neutral-budget Bitcoin acquisitions, British officials are prioritizing alternative digital asset applications. The decision underscores a broader divergence in institutional crypto adoption strategies among Western economies.
Canaan’s Bitcoin Mining Potential Highlighted by Analyst with 5X Upside Projection
Benchmark analyst Mark Palmer initiated coverage of Canaan (CAN) with a buy rating and a $3 price target, suggesting a potential fivefold increase from its current $0.62 share price. The Singapore-based Bitcoin mining rig Maker has seen its shares decline 72% year-to-date but stands out through its vertically integrated approach.
Canaan’s dual focus on ASIC chip development and self-mining expansion—particularly in the U.S.—positions it to capitalize on both hardware sales and proprietary mining revenue. "CAN’s vertically integrated approach differentiates it within the bitcoin mining space," Palmer noted, emphasizing its push into home mining rigs as a revenue diversifier.
Free Cloud Mining Gains Traction in 2025 as Mobile Apps Democratize Bitcoin Access
The landscape of cryptocurrency mining continues to evolve, with cloud-based solutions eliminating hardware barriers for retail participants. FioBit.com emerges as a standout platform this year, offering intuitive interfaces and configurable mining plans that cater to both beginners and seasoned miners.
Mobile mining applications are reshaping industry dynamics by decoupling cryptocurrency production from capital-intensive infrastructure. These solutions leverage cloud computing power while sidestepping traditional pain points like electricity costs and ASIC procurement cycles.
Bitcoin Core Developers Remove OP_RETURN Limit, Sparking Community Debate
Bitcoin’s technical landscape is shifting as CORE developers eliminate the 80-byte limit on OP_RETURN transactions. This once-sacrosanct constraint, designed to keep blockchain data lean, had become increasingly circumvented through creative technical solutions.
The change reflects a pragmatic alignment with actual network usage patterns, where users routinely employed multiple OP_RETURN outputs to bypass the restriction. Yet purists warn this could open floodgates to data bloat, potentially compromising Bitcoin’s lean transactional focus.
Market observers note the decision underscores Bitcoin’s ongoing evolution from rigid protocol to adaptable network. "Blockchains either adapt or become relics," remarked one protocol developer, speaking on condition of anonymity.
Dormant Bitcoin Wallets Shift $325M Ahead of Fed Decision
Two long-dormant Bitcoin addresses from the early ’Satoshi era’ have reactivated after more than a decade, transferring over $325 million in BTC just ahead of a key U.S. Federal Reserve rate announcement.
Spot On Chain, a blockchain analytics firm, reported that two dormant Bitcoin whales reawakened. The first moved 2,343 BTC, worth over $222.2 million, after a decade of inactivity. These coins were initially acquired in July 2013 at $85 each, totaling roughly $185,850. A second wallet transferred 1,079 BTC valued at $102.5 million, purchased in mid-2013 for approximately $91,713.
