Bitcoin’s Political Breakthrough: Jeremy Tan’s 36% Vote Share Signals Growing Crypto Acceptance in Singapore

In a groundbreaking development for both politics and finance, independent candidate Jeremy Tan secured a remarkable 36% of the vote in Singapore’s Mountbatten SMC by running a Bitcoin-centric campaign. His performance challenges traditional financial paradigms and highlights increasing mainstream acceptance of cryptocurrency as a hedge against fiat instability. This political milestone coincides with Bitcoin trading at 103,074.97 USDT, underscoring the growing intersection between digital assets and global governance systems.

Singapore’s Bitcoin Candidate Jeremy Tan Sparks Political and Financial Disruption

Jeremy Tan, an independent candidate in Singapore’s general election, secured a notable 36% of the vote in Mountbatten SMC by centering his campaign on Bitcoin adoption. His platform emphasized the need for Singapore to consider Bitcoin as a hedge against US dollar instability, challenging the Monetary Authority of Singapore’s cautious crypto stance.

Tan’s strong electoral performance signals growing mainstream awareness of digital assets. The campaign has shifted bitcoin from a fringe topic to a subject of serious political discourse, revealing potential disconnects between official narratives and behind-the-scenes institutional activity.

Bitlayer Launches YBTC: Bitcoin Now Yield-Generating on Sui via BitVM Bridge

Bitcoin’s role in decentralized finance (DeFi) has expanded dramatically with Bitlayer’s introduction of YBTC, a Bitcoin-backed token on the sui blockchain. This innovation leverages a trustless BitVM bridge, eliminating centralized intermediaries and enabling BTC to function as a productive asset within DeFi protocols.

YBTC unlocks new utility for Bitcoin holders, allowing participation in staking, lending, borrowing, and trading on Sui-based decentralized exchanges. The MOVE marks a pivotal shift for BTC—traditionally viewed as a store of value—into programmable finance ecosystems dominated by native tokens.

The BitVM bridge’s decentralized architecture represents a technical breakthrough, offering secure cross-chain interoperability without reliance on third-party custodians. Market observers note this development could accelerate institutional adoption by merging Bitcoin’s liquidity with DeFi’s yield opportunities.

Which Will Yield Bigger Gains: Buying Bitcoin or Bitcoin Treasury Stocks?

The debate between direct Bitcoin investment and exposure through corporate treasury stocks is intensifying as institutional adoption grows. Owning BTC outright provides unfiltered exposure to price movements, while equity positions in Bitcoin-heavy companies offer leveraged—but riskier—participation in crypto’s upside.

MicroStrategy’s 214,400 BTC treasury exemplifies the potential volatility. The stock often amplifies Bitcoin’s daily swings, yielding triple-digit returns during bull markets but severe drawdowns in corrections. This dynamic creates a high-stakes choice for investors seeking crypto exposure through traditional markets.

Public companies now hold over 1% of Bitcoin’s circulating supply, transforming corporate treasuries into a new asset class. The trend mirrors early Gold adoption by corporations, though with greater price elasticity. As the SEC greenlights spot Bitcoin ETFs, the liquidity divide between direct and indirect exposure continues narrowing.

Bitcoin Price Swings Continue Amid Analyst Predictions

Bitcoin’s price volatility persists as it oscillates between $103,000 and $104,000, with brief spikes to $106,000 and dips below $101,000. The market remains indecisive, reflecting a tug-of-war between bullish sentiment and short-term profit-taking.

Analysts maintain a constructive outlook despite recent fluctuations, citing institutional demand and macroeconomic tailwinds. The cryptocurrency’s ability to hold above $100,000 demonstrates underlying strength, though technical indicators suggest continued consolidation may precede the next decisive move.

Bitcoin Whales Accumulate Strategically Amid Market Consolidation Above $100,000

Bitcoin’s consolidation above the $100,000 threshold is being underpinned by a deliberate accumulation phase, as evidenced by on-chain data and spot market flows. Unlike the speculative frenzy of derivatives, this rally is driven by measured capital deployment from strategic investors.

Coinbase and ETF inflows have emerged as primary catalysts, with a pronounced accumulation zone between $93,000 and $95,000—a range that aligns with the breakeven point for short-term holders. This disciplined buying activity suggests institutional players are positioning for the next market cycle.