Czech National Bank Considers Investing in Bitcoin – Market Info
The market capitalization of cryptocurrencies has been moving within a consolidation zone over the past two weeks, ranging between €3.21 billion and €3.59 billion. At the time of writing, the market capitalization is approximately at the same level as two weeks ago, standing at EUR 3.34 billion. Bitcoin’s dominance has slightly increased to 59.4%. The market sentiment remains neutral, as indicated by the CoinMarketCap Fear and Greed Index, which stands at 53 out of 100.

Source: coinmarketcap
Czech National Bank Considers Investing in Bitcoin
The Czech National Bank (ČNB) may invest up to 5% of its reserves in Bitcoin, which would mean purchasing BTC worth approximately $7.3 billion as part of a strategic diversification effort.
If the plan is approved, ČNB would become the first central bank in Europe to invest in Bitcoin as part of its foreign exchange reserve management. Governor Aleš Michl is set to present his proposal at the bank board meeting on January 30, according to the Financial Times.
According to André Dragosch, Head of Research at Bitwise, this investment would be equivalent to 5.3 months of newly mined Bitcoins, highlighting its significance.
This news comes just three weeks after Michl suggested that he sees Bitcoin as a potential reserve asset and is considering its purchase to diversify the portfolio.
Nevertheless, as recently as January 7, bank board advisor Janis Aliapulios told Cointelegraph that ČNB was not considering investing in Bitcoin and instead plans to increase its gold holdings to 5% of total assets by 2028. Source

Source: cointelegraph
Bitwise Files for Dogecoin ETF
Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) for approval of an exchange-traded fund (ETF) that would track the price of the popular memecoin Dogecoin.

Source: Forbes
According to the S-1 document filed on January 28, the proposed Bitwise Dogecoin ETF would hold Dogecoin (DOGE) and precisely track its price movements. Bloomberg ETF analyst James Seyffart noted on platform X that Bitwise had already registered the Dogecoin Trust in the state of Delaware on January 22. “However, this step makes it official with the SEC,” he added.
Interest in memecoin ETFs is growing in the U.S. Other issuers that have submitted similar applications include Osprey Funds, REX Shares, and Tuttle Capital, which focus on funds tracking or leveraging cryptocurrencies like DOGE or Official Trump (TRUMP).
On January 27, Seyffart stated that fund managers are “testing the limits of what the SEC is willing to approve,” noting that Tuttle recently filed for 10 leveraged ETFs tracking popular cryptocurrencies and memecoins.
For the SEC approval process to begin, a 19b-4 form must be attached to the S-1 application. Since its inception in 2015, Dogecoin has grown to a market capitalization of $47 billion and is the eighth-largest cryptocurrency on the market.
In its application, Bitwise stated that Coinbase Custody would serve as the proposed fund custodian, a popular choice among crypto ETF issuers. However, the company has not yet specified the fees, the exchange where the ETF would be traded, or its ticker symbol. Source
Solana ETF Coming Soon?
According to available information, the Cboe BZX exchange filed new 19b-4 applications on January 28 for funds from Bitwise, VanEck, 21Shares, and Canary Capital, after previous filings were reportedly rejected by the Securities and Exchange Commission (SEC) late last year.
The new filings mark the restart of the approval process—this time under the leadership of the newly appointed, more crypto-friendly SEC chairman, Mark Uyeda. If approved, Solana could become the third cryptocurrency available through a spot ETF on U.S. exchanges, following Bitcoin and Ethereum ETFs, which were launched last year.
According to estimates from investment bank JPMorgan, an approved Solana ETF could attract between $3 billion and $6 billion in investments within its first year.
VanEck was the first asset manager to file a 19b-4 application for a Solana ETF on June 27, 2024, followed by 21Shares a day later, with Canary Capital joining in October. Later, after Donald Trump’s victory in the November 2024 elections, Bitwise and Grayscale also submitted similar applications.
The new SEC leadership has already begun reversing some of Gary Gensler’s previous policies, including a rule that required financial firms to report cryptocurrencies as liabilities on their balance sheets. Additionally, the SEC has announced the formation of a special cryptocurrency task force, led by Commissioner Hester Peirce, aimed at developing regulations for digital assets. Source
Arizona Moves Forward with Bitcoin Reserve Bill
Lawmakers in Arizona have approved a bill that would allow the state to establish a strategic Bitcoin reserve and use Bitcoin as a savings technology.
The Strategic Bitcoin Reserve Act (SB1025), introduced by Senator Wendy Rogers and Representative Jeff Weninger, passed a 5-2 vote in the Senate Finance Committee on January 27. It now moves to the Senate Rules Committee for final discussions and potential amendments. If approved, it will advance to a vote in the House of Representatives.
The bill proposes that the U.S. Treasury Department establish a strategic Bitcoin reserve to store government Bitcoin assets. This reserve would also allow public funds to securely hold digital assets in separate accounts.
If passed, public institutions and pension funds could invest up to 10% of their capital in Bitcoin and other digital assets. This move could increase public interest in cryptocurrencies, particularly in retirement savings. According to Cointelegraph, 20% of Generation Z and Generation Alpha already prefer retirement savings in cryptocurrencies, with 78% trusting alternative investment options more than traditional funds.
According to blockchain expert Anndy Lian, Arizona’s initiative could trigger a domino effect, inspiring other states such as Texas and Pennsylvania to accelerate similar efforts. “If your state invested part of its tax revenue in Bitcoin, it could encourage other regions to follow suit,” he told Cointelegraph. Source
Binance Under Investigation in France for Tax Fraud
French authorities have launched a formal judicial investigation into Binance for alleged tax evasion, money laundering, and drug trafficking. According to a Reuters report dated January 28, the investigation may also include other unspecified charges.

Source: HNonline
This move may be a continuation of the 2023 investigation when French authorities targeted Binance for alleged money laundering and financing of illegal activities.
The year 2023 was turbulent for cryptocurrency exchanges—following the collapse of FTX, other platforms also faced regulatory pressure. Crypto exchanges came under stricter scrutiny from authorities, who examined their practices and compliance with regulations.
During that period, U.S. authorities, including the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), filed lawsuits against Binance, Coinbase, and other crypto firms. While Binance was under investigation in multiple countries, U.S. regulators led the most legal actions.
While Coinbase fought back and filed counter-lawsuits, Binance opted for a settlement with the DOJ, agreeing to pay a record $4.3 billion fine. As part of the deal, the company was required to enhance compliance processes and change its leadership. However, the SEC continues its legal battle against Binance.
Binance founder Changpeng Zhao (CZ) resigned as CEO, with Richard Teng taking over. CZ also served four months in prison and was released at the end of 2024. Source
Ondo Finance Brings Tokenized Bonds to XRP Ledger
Ondo Finance will launch its $185 million OUSG token, backed by a BlackRock fund, on the XRP Ledger. This move will make U.S. Treasury bonds available in digital form to institutional investors. Transactions will be processed through Ripple’s RLUSD stablecoin, with integration expected within six months.
To ensure sufficient liquidity, Ripple and Ondo Finance have invested in the project, although they have not disclosed the amount. News of this expansion led to a 4% increase in the price of the ONDO token. The main advantage is faster and continuous trading compared to traditional financial systems.
Tokenized bonds have been rapidly growing in popularity, with their market value quadrupling to $3.5 billion over the past year. According to Markus Infanger of RippleX, these assets improve blockchain market stability and enable instant transactions without trading hour restrictions.
OUSG now joins OpenEden TBILL as the second tokenized bond on XRP Ledger. Previously available on Ethereum, Polygon, and Solana, the move to XRP Ledger is expected to bring faster transactions and better accessibility for investors. Source
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