Nigel Farage’s Bold Vision: Bitcoin Reserve and Crypto-Friendly UK
In a groundbreaking announcement at a Las Vegas bitcoin conference, Reform UK leader Nigel Farage has pledged to establish a Bitcoin reserve at the Bank of England and introduce pro-crypto legislation if his party gains power. Farage unveiled the Crypto Assets and Digital Finance Bill, designed to position London as a global hub for cryptocurrency trading. The proposed bill would also prevent banks from debanking customers over crypto transactions, signaling a significant shift toward crypto adoption in the UK. This move could have far-reaching implications for Bitcoin's value and the broader digital asset market, as institutional and regulatory support grows. With the current date being July 23, 2025, the crypto community is closely watching how these developments might influence Bitcoin's trajectory in the coming years.
Nigel Farage Pledges Bitcoin Reserve and Pro-Crypto Legislation in UK
Reform UK leader Nigel Farage has vowed to establish a Bitcoin reserve at the Bank of England and pass crypto-friendly legislation if his party comes into power. Speaking at a bitcoin conference in Las Vegas, Farage unveiled plans for the Crypto Assets and Digital Finance Bill, aimed at positioning London as a global crypto trading hub.
The proposed legislation would ban banks from debanking customers over crypto transactions and introduce a 10% capital gains tax on crypto assets. Farage criticized central bank digital currencies (CBDCs) while emphasizing the need for reasonable taxation to encourage compliance.
Reform UK, gaining traction in recent polls, also announced it will become the first European political party to accept cryptocurrency donations. The next general election is scheduled for August 2029.
Cantor Fitzgerald Launches Gold-Backed Bitcoin Fund to Bridge Crypto and Traditional Finance
Cantor Fitzgerald Asset Management is making a bold entry into cryptocurrency investment vehicles with its Gold Protected bitcoin Fund. The Wall Street firm's new product offers investors exposure to Bitcoin's upside potential while using gold as a hedge against downside risk—a structure designed to appeal to both crypto enthusiasts and risk-averse traditional investors.
The five-year fund represents growing institutional sophistication in crypto product design. By pairing Bitcoin's volatility with gold's stability, Cantor Fitzgerald addresses one of digital assets' biggest adoption barriers: price instability. This comes as major financial institutions increasingly develop hybrid products that merge crypto with conventional asset classes.
Suspects in Manhattan Crypto Kidnapping Plead Not Guilty as Probe Expands
Two men accused of kidnapping and torturing an Italian cryptocurrency investor in Manhattan's SoHo neighborhood have entered not-guilty pleas, as the investigation widens to include scrutiny of the NYPD's handling of the case. William Duplessie, 33, and John Woeltz, 37, allegedly held the 28-year-old victim captive for over two weeks, subjecting him to electrocution, forced drug use, and physical humiliation to coerce the transfer of bitcoin private keys.
The victim escaped last Friday, fleeing with his laptop before alerting authorities. Prosecutors have deferred charges against a third suspect, 24-year-old Beatrice Folchi. Duplessie faces five counts including kidnapping for ransom and felony assault—charges that could reshape regulatory discussions about crypto-related crimes in major financial hubs.
Bitcoin Consolidates Near All-Time High as Altcoin Volumes Surge
Bitcoin hovered above $105,000 in early Asian trading, down 1% as institutional traders shifted toward yield-generating strategies. Paris-based Flowdesk notes a tactical rotation into altcoins amid declining BTC volatility—unusual given looming macroeconomic risks.
Call overwriting activity has increased NEAR record price levels, suggesting traders are monetizing upside potential without liquidating core positions. ETF inflows resumed after a brief pause, reinforcing structural demand.
Technical resistance at $108,800 remains formidable, though sustained institutional participation may prevent deeper retracements. The market appears to be entering a phase where altcoin liquidity benefits from Bitcoin's consolidation.
PSG Embraces Bitcoin as Part of Treasury Strategy
Paris Saint-Germain (PSG) has allocated a portion of its cash reserves to Bitcoin, marking a strategic pivot toward digital assets. The football club disclosed the MOVE during the Bitcoin Conference 2025, citing its young, tech-savvy global fanbase as a key driver. Over 80% of PSG's supporters are under 34, aligning with broader generational shifts toward cryptocurrency adoption.
The decision reflects a calculated risk-reward assessment, with the club aiming to diversify its financial portfolio. PSG's reach of 550 million fans worldwide underscores the potential for mainstream crypto integration. No specific exchanges or additional coins were mentioned in the announcement.
Silk Road Founder Ross Ulbricht Urges Crypto Community to Uphold Freedom and Decentralization
LAS VEGAS, Nevada — Ross Ulbricht, the founder of Silk Road, delivered a poignant keynote at Bitcoin 2025, marking his first public appearance since his prison release in January. Ulbricht emphasized three Core principles for the crypto community: freedom, decentralization, and unity. Drawing from his own experiences, he recounted a story about wasps in a remote cabin, symbolizing the strength of decentralized systems. "They were strong because they were free," he said, underscoring the resilience of decentralized networks like Bitcoin.
Ulbricht's message resonated deeply with attendees, as he called for unwavering commitment to these principles amid growing regulatory pressures. His analogy of the wasps—impossible to control due to their decentralized nature—served as a powerful metaphor for the crypto ecosystem's potential to withstand external challenges.
