Will Brazil Buy 1 Million BTC? – Market Info

The cryptocurrency market has seen a slight increase over the past 14 days. The total market capitalization rose by approximately 3.6 % during this period and currently stands at around €1.99 trillion. Bitcoin itself increased only by 0.3 % over the same period, with its price hovering around €57,600.

The Fear & Greed Index rose from 5 to 11 points over the two weeks, but it still remains in the extreme fear zone. Meanwhile, the Altcoin Season Index improved, rising from 42 points to 47 points.

Source: Coinmarketcap

Will Brazil Buy 1 Million BTC?

Brazilian lawmakers have once again submitted a bill aimed at creating a national Strategic Bitcoin Reserve (RESBit). According to the proposal, the country would gradually purchase up to 1 million bitcoins over a five-year horizon, significantly diversifying its state reserves.

The initiative is led by federal deputy Luiz Gastão (PSD/CE). The bill envisions the gradual accumulation of BTC while also prohibiting the sale of bitcoins seized by Brazilian courts – these would remain under public control and become part of the reserves.

Notably, the proposal includes the option to pay federal taxes in bitcoin and support for public companies involved in BTC mining and custody. Transparency is intended to be a key element of the project – the reserve’s status would be publicly available online and regularly audited. The law also emphasizes secure asset storage using cold wallet solutions, multisignature wallets, and other internationally recognized security standards.

In exceptional situations, the reserve could temporarily hold spot ETFs backed by bitcoin. If approved, Brazil would join a small group of countries actively holding bitcoin at a national level, potentially surpassing major holders such as the U.S. or China.

The pioneer in this field is already El Salvador, which holds more than 7,500 BTC and has long promoted bitcoin as a tool for financial sovereignty. Other countries considering similar steps include the U.S., Czechia, Switzerland, and Hong Kong.

If the trend of national bitcoin reserves spreads, it could mark another significant milestone in institutional adoption of Bitcoin and its transformation into a strategic reserve asset for states. Source

Bitwise: Investors Don’t Realize Wall Street Believes in Crypto

According to Bitwise’s Chief Investment Officer Matt Hougan, a fundamental shift toward cryptocurrencies and asset tokenization is underway on Wall Street. The problem is that traditional investors still underestimate this trend.

Hougan claims that large financial institutions are gradually moving funds “on-chain” – onto the blockchain. This is not just a marginal experiment but a systematic integration of technologies like tokenization and stablecoins into the traditional financial system. Despite this, ordinary investors still perceive crypto through the lens of its early years – as a cypherpunk experiment or a tool for the black market.

Similarly, crypto investors themselves remain skeptical. Many have heard promises of institutional adoption that did not materialize as expected, so they currently ignore the ongoing changes.

The reality, according to Bitwise, is different. The value of tokenized assets on blockchains – including U.S. government bonds and commodities – is approaching $20 billion, having grown more than fourfold during 2025. Giants such as BlackRock and Apollo are entering with their tokenized funds, while major banks like JPMorgan, Bank of America, Citigroup, and Wells Fargo discuss shared stablecoin solutions.

Regulators are also signaling support. The U.S. Securities and Exchange Commission (SEC) launched Project Crypto to enable the migration of parts of financial markets onto blockchain. According to Hougan, this creates a stark contrast between what investors think is happening in crypto and what is actually occurring, representing a potential investment opportunity – not to pick specific winners, but to build broader exposure to a sector undergoing structural transformation. Source

Vitalik Buterin Unveils 4-Year Ethereum Optimization Plan

Ethereum co-founder Vitalik Buterin has presented a more detailed roadmap for the next four years. The goal is to significantly speed up block production, shorten transaction finality times, and prepare the network for the era of quantum computing.

Currently, Ethereum produces new blocks approximately every 12 seconds. The new roadmap envisions gradually reducing this to two seconds, moving stepwise from 12 to 8, 6, 4, and finally 2 seconds. Faster blocks aim to increase network responsiveness and improve user experience. A crucial part of the plan is improving peer-to-peer communication between nodes. More efficient propagation of blocks and data should enable shorter intervals without compromising network security.

The second major change concerns finality – the moment a transaction is mathematically irreversible – currently around 16 minutes. The target is to reduce this to between 6 and 16 seconds, requiring a fundamental revision of the consensus mechanism.

A key element of the transformation is transitioning to post-quantum cryptographic signatures. Buterin explained that the goal is to decouple block production from finality, allowing each area to evolve independently. Interestingly, the blocks themselves could achieve quantum resistance before the entire finality system. In the event of the sudden emergence of powerful quantum computers, the network could continue operating even if finality guarantees are temporarily lost.

The process will unfold over four years, with approximately seven major updates (forks) planned at six-month intervals. The result should be a simpler, faster, quantum-resistant version of Ethereum ready for the next generation of financial applications. Source

Meta Plans Stablecoin Comeback

Tech giant Meta, led by Mark Zuckerberg, plans to return to the stablecoin sector. According to multiple sources, the company aims to launch dollar-backed token payments integration in the early second half of this year.

Meta intends to work with an external partner to administer stablecoin payments and implement a new digital wallet. The company has already sent requests for proposals to third parties, with Stripe cited as a likely candidate for the pilot phase. Stripe acquired stablecoin infrastructure firm Bridge last year and has been a long-term partner of Meta.

Introducing stablecoins would allow Meta to create its own payment system for over three billion users of its platforms – Facebook, WhatsApp, and Instagram. This could reduce reliance on traditional banking systems and fees while strengthening Meta’s position in social commerce and cross-border payments.

Meta previously attempted to enter digital currencies in 2019 through the Libra project, later renamed Diem. The project faced strong regulatory resistance from U.S. lawmakers and was ultimately shut down in 2022.

Today’s U.S. regulatory environment is different, with emerging frameworks for stablecoins opening opportunities for large tech and financial players. Meta appears to be taking a more cautious approach by partnering with an external provider to avoid direct regulatory pressure.

If successful, Meta could become one of the largest global players in digital payments and significantly enhance its financial infrastructure. Source

New Developments in the Terra Collapse Case

Terraform Labs bankruptcy administrator Todd Snyder filed a lawsuit against Jane Street Group for allegedly using non-public information and executing front-running trades ahead of the 2022 Terra ecosystem collapse.

The Manhattan federal court complaint claims Jane Street obtained internal information from Terraform Labs executives and executed trades before the information reached the market. The firm profited from these trades, which allegedly accelerated the collapse of the TerraUSD (UST) stablecoin and LUNA token in May 2022.

The lawsuit names Jane Street co-founder Robert Granieri and employees Bryce Pratt and Michael Huang as defendants. The Terra project’s collapse erased approximately $40 billion, with UST losing its dollar peg and LUNA falling nearly to zero in days, triggering a domino effect across multiple crypto companies.

Snyder is also pursuing a separate $4 billion claim against Jump Trading, alleging the firm manipulated the market by initially propping up TerraUSD and then withdrawing support, generating around $1 billion in gains.

The Terra case was also investigated by Manhattan federal prosecutors, examining communications between Jump Trading, Jane Street, and Alameda Research regarding a possible UST rescue. Terraform founder Do Kwon pleaded guilty to fraud related to misleading statements about the system’s stability mechanisms and was sentenced to 15 years in prison. Source

Spot ETFs See $500 Million Inflows, BTC Back Above $68K

U.S. spot Bitcoin ETFs saw a significant liquidity return on Wednesday as Bitcoin surpassed $68,000, attracting $506.5 million in inflows – the largest daily total since February 2. Spot Bitcoin ETFs are approaching their first weekly gain after five weeks of net outflows totaling $3.8 billion, with weekly inflows now at $560.4 million according to SoSoValue data. This trend represents two consecutive days of positive inflows, suggesting a potential rebound after a massive February sell-off.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the inflows with $297.4 million, followed by Bitwise Bitcoin ETF (BITB) with $39.4 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $30.1 million. ETF trading volumes rose above $4.3 billion, the highest since February 9, indicating renewed investor interest in Bitcoin after a significant decline.

The ETF interest comes amid ongoing debates on how market structure affects Bitcoin price discovery. Large market makers like Jane Street and authorized participants (APs) who create and redeem ETF shares are in focus. Following a recent lawsuit filed by Terraform Labs administrator Todd Snyder, speculation arose that Jane Street may have influenced prices via derivatives exposure and market manipulation, raising questions about market integrity and price discovery mechanisms.

Bitwise adviser Jeff Park noted that no AP explicitly suppresses Bitcoin’s price, but the price discovery mechanism could be weakened, which may have more serious consequences than the conspiracy theories themselves. Analysts also noted that selling pressure on Bitcoin has persisted since October 2025, raising questions about the impact of individual players. Concerns over “paper Bitcoin,” where firms trade without actual crypto ownership, intensified after South Korea’s Bithumb exchange mistakenly distributed 620,000 BTC it did not hold, highlighting further transparency and market integrity issues. Source

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