Brazil’s Bold Move: Strategic Bitcoin Reserve Bill Advances, Paving the Way for Institutional Adoption
In a landmark development for cryptocurrency adoption, Brazil's Strategic Bitcoin Reserve Bill (Bill 4501/2024) has successfully passed its first legislative committee. This groundbreaking proposal aims to allocate up to 5% of the nation's foreign exchange reserves to Bitcoin, marking a significant step toward recognizing digital assets as sovereign holdings. The bill establishes RESBiT, a sovereign Bitcoin reserve to be managed jointly by the Central Bank and Ministry of Finance. This move signals Brazil's forward-thinking approach to financial innovation and positions the country as a potential leader in institutional cryptocurrency adoption. As of July 2025, this development could have far-reaching implications for Bitcoin's global acceptance and price trajectory, potentially serving as a model for other nations considering similar reserve strategies.
Brazil’s Strategic Bitcoin Reserve Bill Passes First Committee
Brazil took a significant step toward institutional cryptocurrency adoption as its Strategic Bitcoin Reserve Bill cleared the first legislative hurdle. The proposal, which would allocate up to 5% of the nation's foreign exchange reserves to Bitcoin, signals growing recognition of digital assets as sovereign holdings.
Bill 4501/2024 establishes RESBiT, a sovereign bitcoin reserve managed by the Central Bank and Ministry of Finance. The legislation mandates cold wallet storage and biannual audits, combining blockchain innovation with traditional financial safeguards. Deputy Eros Biondini's initiative reflects Brazil's progressive stance on monetary technology.
This development follows the bill's favorable reception in Brazil's Economic Development Committee. The original proposal envisioned blockchain-backed central bank currency, demonstrating the nation's systematic approach to digital asset integration. As emerging markets explore crypto reserves, Brazil's regulatory framework could set a regional precedent.
GameStop Proposes $1.75 Billion Debt Offering for Potential Bitcoin Treasury Expansion
GameStop, the meme-stock-turned-crypto-enthusiast, is making waves again with a bold $1.75 billion convertible senior note offering. The zero-interest notes, maturing in 2032, signal strategic maneuvering rather than desperate fundraising.
While not explicitly stated, the subtext is clear: Bitcoin accumulation continues. March's policy update formalized BTC as a treasury reserve asset, placing GameStop alongside MicroStrategy and other corporate hodlers. This debt play mirrors the Bitcoin-heavy playbook of companies betting on digital scarcity over cash erosion.
The offering's structure—limited to institutional buyers with a potential $250 million upsized option—reveals targeted sophistication. Convertible notes offer flexibility: creditors can become equity holders if GameStop's crypto bets pay off.
Top No-Deposit Bonus Casinos in 2025 Offer Crypto-Friendly Gaming Options
Online casinos are increasingly embracing cryptocurrency payments, with several platforms now offering no-deposit bonuses redeemable in Bitcoin and other digital assets. The 2025 landscape features promotions like 7Bit Casino's 20 free spins (promo code: 7BITCASINO20) and BitStarz's 50 free spins (BTCWIN50), both requiring 45x rollover requirements.
Notably absent from the list is Thunderpick, which currently offers no promotional incentives. The trend reflects growing convergence between iGaming and crypto ecosystems, particularly among exchanges like Binance and Coinbase that support gambling-adjacent tokens.
Bitcoin Rebounds from Routine Correction as $107K Support Holds
Bitcoin's 10% surge to $110,000 stalled this week, triggering a 3% pullback to test critical support at $107,000. The 4-hour chart shows bulls defending this level, though bearish pressure persists. Technical indicators suggest oversold conditions may soon fuel another upward impulse.
Market sentiment remains decidedly bullish despite the correction. The stochastic RSI on lower timeframes hints at accumulating rebound potential, while the daily chart maintains its broader upward structure. This dip mirrors Bitcoin's characteristic volatility during sustained rallies.
Ukraine Proposes Legislation to Include Bitcoin in National Reserves
Ukraine has taken a decisive step toward modernizing its financial reserves by proposing amendments to include digital assets like Bitcoin. The draft law, introduced on June 10, 2025, seeks to amend the National Bank of Ukraine's mandate, allowing cryptocurrencies to be held alongside Gold and foreign exchange reserves.
Yaroslav Zhelezniak, a key lawmaker overseeing finance and tax policy, framed the move as a strategic integration into global financial innovation. "Proper management of crypto reserves could strengthen macroeconomic stability," he noted on Telegram. The central bank WOULD retain full discretion over reserve allocations.
The initiative follows Ukraine's extensive use of crypto donations since Russia's invasion, with Binance reportedly advising on regulatory frameworks. Market observers highlight the symbolic weight of a war-torn nation embracing decentralized assets—a potential catalyst for broader institutional adoption.
GameStop Deepens Crypto Commitment with $1.75B Convertible Notes Offering
GameStop Corp. is doubling down on its cryptocurrency strategy with a $1.75 billion private offering of convertible senior notes. The zero-coupon notes, maturing in 2032, will allow the company to settle conversions in cash, stock, or a hybrid—reinforcing its Bitcoin-centric treasury approach. Institutional buyers have a 13-day window to purchase an additional $250 million in notes.
The MOVE signals a strategic shift toward digital assets, though final conversion terms hinge on GameStop's stock performance during a critical pricing window. While unregistered under U.S. securities laws, the offering's proceeds appear earmarked for Bitcoin-related initiatives—a bold bet on crypto's institutional adoption curve.
