Odaily Planet Daily News Brazil's Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has passed the first committee for review. The bill proposes to establish a "sovereign strategic Bitcoin reserve" and allocate up to 5% of foreign exchange reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country after El Salvador to establish a legal BTC reserve. Pedro Giocondo Guara, chief of staff to the Brazilian vice president, said in March that the "strategic sovereign Bitcoin reserve" is vital to national prosperity and is a matter of public interest, calling Bitcoin "gold on the Internet." (Bitcoin News)

According to BlockBeats, Brazil's Bitcoin Reserve Bill, known as "PL 4501/2023 or PL 4501/2024," has successfully passed its first committee review. The proposed legislation aims to establish a "sovereign strategic Bitcoin reserve," allocating up to 5% of the country's foreign exchange reserves to Bitcoin. If implemented, Brazil would become the second Latin American nation, following El Salvador, to legally establish a Bitcoin reserve. Pedro Giocondo Guara, Chief of Staff to Brazil's Vice President, emphasized in March that a "strategic sovereign Bitcoin reserve" is crucial for the nation's prosperity and is a matter of public interest, referring to Bitcoin as "the gold of the internet."

Binance Blog published a new article, introducing Binance Wallet's advanced security features through multi-party computation (MPC) technology. This article aims to educate users on how Binance Wallet enhances crypto security by eliminating the need for a single seed phrase, thus providing a safer way to manage digital assets across the decentralized web, including DeFi, NFTs, and DApps. The Binance Wallet employs MPC technology to bolster security by dividing a private key into three encrypted key shares, requiring two for wallet access. This approach ensures that funds remain secure even if one key share is compromised. Users are advised to back up their wallets and set strong recovery passwords, as both are necessary for wallet restoration in case of access loss. Binance offers multiple backup options, including built-in encryption, iCloud, Google Drive, or QR code. Importantly, users should never import seed phrases or private keys from external sources to avoid potential theft. The article emphasizes the importance of verifying token legitimacy, liquidity, and slippage settings before swapping tokens to ensure safe transactions. Users are encouraged to connect only to trusted DApps and regularly review connected apps and token approvals to mitigate risks. The article further explains the process of receiving and sending crypto through Binance Wallet. Receiving funds is straightforward, while sending requires meticulous attention to detail, such as double-checking destination addresses and ensuring network compatibility to prevent irreversible losses. Binance Wallet's address book feature is recommended for saving trusted addresses, and users are advised to send small test amounts for large transfers. The transaction history tab provides a log of transfers, but users should remain vigilant for unknown tokens that may be scams. The swapping function allows direct token exchanges within the wallet, and users are urged to verify token legitimacy, liquidity, and slippage settings to avoid failed transactions or unexpected costs. Connecting to DApps through Binance Wallet involves scanning QR codes, browsing verified options, or entering URLs manually. Users should be cautious of phishing attempts disguised as harmless requests and only connect to credible DApps. Regularly reviewing connected DApps and token approvals is recommended to minimize exposure to potential exploits. The article concludes by highlighting the importance of staying informed and conducting due diligence to maintain security. Users are encouraged to explore Binance's educational resources for deeper insights into crypto security practices.

According to PANews, iPower Inc., a Nasdaq-listed e-commerce and supply chain platform, has announced a significant strategic transformation approved by its board of directors. The company plans to restructure into a crypto asset management and blockchain infrastructure services firm. As part of this transformation, iPower intends to implement a Bitcoin reserve strategy, incorporating Bitcoin as a long-term value storage tool within its financial system. In addition to establishing Bitcoin reserves, iPower will leverage its existing e-commerce platform, SuperSuite, to expand into blockchain-related retail services. These services will include cloud computing power retail, home mining machine distribution, and the development of a cold wallet product line. While the company emphasizes that its current operations will continue, the future focus will shift towards the digital asset economy. Detailed implementation plans and information about potential partners are expected to be announced in the coming months.

According to Odaily, former OpenAI employee Joey Bertschler is developing an instant payroll access system through his startup, Volante Chain. This system will enable employees to receive daily wages without waiting until the end of the month. Bertschler argues that the current payroll method deprives individuals of the freedom to manage their money for 30 days, particularly affecting those who rely on their salaries for daily living. Utilizing blockchain technology, the platform ensures seamless record-keeping and ledger verification. Bertschler disclosed that Volante has raised approximately $2 million from private investors, which is expected to sustain the company's operations for five years without additional funding.

TL;DR Blockchain investigator ZachXBT has uncovered strong on-chain links between WhiteRock Finance and the infamous $33 million ZKasino scam. Funds from ZKasino’s presale were funneled into WhiteRock’s marketing wallet, allegedly to finance a new asset tokenization platform. Most notably, a shared email address connects both projects to Ildar Ilham—ZKasino’s alleged architect—suggesting WhiteRock may be a. source: https://crypto-economy.com/blockchain-sleuth-zachxbt-exposes-on-chain-ties-between-whiterock-and-zkasino/

According to Odaily, Greeks.live has released a community digest indicating a shift in trader sentiment regarding Bitcoin. Initially bearish, traders have changed their outlook as Bitcoin rebounded above $106,000. This level is considered a crucial support point, with traders emphasizing its importance for the continuation of the upward trend.

According to PANews, billionaire Mark Cuban has speculated on social media that the newly released T1 smartphone by the Trump family might include a built-in cryptocurrency wallet. Cuban suggests that the phone could integrate a wallet system supporting Trump tokens and World Liberty Financial stablecoins, potentially profiting from transaction fees. If Cuban's theory holds true, the Trump phone could serve as a gateway to a Web3 ecosystem under the Trump brand, featuring pre-installed wallets, digital assets, and transaction generation capabilities. The gold-plated phone, priced at $499, was launched by the Trump children, claiming it will 'revolutionize the mobile phone industry,' although specific manufacturer details have not been disclosed. Currently, the official Trump phone website does not mention any cryptocurrency features, instead highlighting services such as roadside assistance and telemedicine. Previously, it was reported that the Trump Group introduced the T1 smartphone, priced at $499, with an expected release in September.

Eric Trump denies taking part in Tron's plan to go public through SRM Entertainment source: https://www.cryptopolitan.com/eric-denies-ties-to-trons-public-venture/

James Wynn’s $100-million Bitcoin liquidation shocked the crypto world. The way he used leverage is astounding, though his later losses also exposed associated market risks. source: https://cointelegraph.com/explained/this-crypto-trader-just-lost-100m-but-hes-still-not-done?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

In 2025, the crypto market is deeply involved in the interest rate cut game between Trump and Powell, and at the same time becomes a chess piece in the reshaping of the US dollar system. How can retail investors anchor the certain opportunities in 2026 in the storm?

Recommended readings tonight: 1. Understanding Trump’s “Made in America” mobile phone and ETF layout; 2. The past, present and future of the stablecoin market; 3. a16z: Analysis of the controversy over the “end of the crypto foundation era”;

Tron's operation is more like using the shell resources of listed companies to hype the market value of cryptocurrencies. Its core risk is to use high leverage to bet on an asset with fragile liquidity, unclear regulatory characterization, and lack of independent value support.

5 issues to be discussed: taxation, charitable organizations, the future role of foundations, and the limitations of the “pure foundation” model

The Ethereum ecosystem may be about to move from the L2 "Spring and Autumn Period and Warring States Period" melee stage to an era of unification.

Blockchain, Satoshi Nakamoto, BeWater Investment Zen 1: Life is like a chain. Golden Finance, Time Chain is a more appropriate name than Blockchain.

WhatsApp has just rolled out a major update, marking a significant departure from its traditionally free model by introducing features that allow monetization through subscription fees and ads.

Malaysia’s central bank has launched a Digital Asset Innovation Hub to support safe financial experimentation with digital currencies, including a ringgit-backed stablecoin. This move is part of broader reforms aimed at boosting innovation while ensuring economic stability and consumer protection.

A South Korean court has cleared Haru Invest CEO Lee Hyung-soo of fraud, ruling that the platform’s collapse was due to mismanagement and external market shocks, not criminal intent. Although Lee and other executives avoid prison, they still face civil claims as investors suffered major losses from the company’s sudden shutdown in 2023.

A new report commissioned by telecommunications giant Openreach reveals that Liverpool leads the nation in cryptocurrency engagement, with 13% of its residents regularly investing in digital assets and monitoring stock markets—more than any other city in the UK.