CoinShares: Global digital asset fund inflows have exceeded the entire year of last year, reaching US$48.67 billion

Bitcoin price receives rare acknowledgement from Tether CEO Ardoino

The post Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council appeared on BitcoinEthereumNews.com. Michael Saylor and a group of crypto executives met in Washington, D.C. yesterday to push for the Strategic Bitcoin Reserve Bill (the BITCOIN Act), which would see the U.S. acquire up to 1M $BTC over five years. With Bitcoin being positioned yet again as a cornerstone of national monetary policy, many investors are turning their eyes to projects that lean into this narrative – altcoins, meme coins, and presales that could ride on the same wave. Read on for three of the best crypto projects that seem especially well‐suited to benefit from this macro shift:  Bitcoin Hyper, Best Wallet Token, and Remittix. These projects stand out for having a strong use case and high adoption potential, especially given the push for a U.S. Bitcoin reserve.   Why the Bitcoin Reserve Bill Matters for Crypto Markets The strategic Bitcoin Reserve Bill could mark a turning point for the U.S. approach to digital assets. The proposal would see America build a long-term Bitcoin reserve by acquiring up to one million $BTC over five years. To make this happen, lawmakers are exploring creative funding methods such as revaluing old gold certificates. The plan also leans on confiscated Bitcoin already held by the government, worth an estimated $15–20B. This isn’t just a headline for policy wonks. It signals that Bitcoin is moving from the margins into the core of financial strategy. Industry figures like Michael Saylor, Senator Cynthia Lummis, and Marathon Digital’s Fred Thiel are all backing the bill. They see Bitcoin not just as an investment, but as a hedge against systemic risks. For the wider crypto market, this opens the door for projects tied to Bitcoin and the infrastructure that supports it. 1. Bitcoin Hyper ($HYPER) – Turning Bitcoin Into More Than Just Digital Gold The U.S. may soon treat Bitcoin as…

PANews reported on October 9th that Kerrisdale Capital, a prominent short-selling firm, announced it has shorted Bitmine, the Ethereum treasury reserve company. The firm believes the DAT (Digital Asset Treasury) model has become mediocre, with the market flooded with copycat projects, resulting in a collapse in premiums and a loss of the ability to increase ETH per share by issuing shares above net asset value. Companies pursuing this "crypto-asset treasury strategy" originally planned to raise over $100 billion, but the scarcity that underpinned the high premiums has been shattered. Today, many of these companies' shares are trading near or below net asset value, stalling their self-circulating mechanism and beginning to collapse. MSTR, one of the earliest DATs, has seen its premium decline from 2-2.5 times its net asset value to approximately 1.4 times. BMNR's premium has also continued to decline, with expectations of parity with or even lower than its net asset value. Currently, BMNR's MNAV is approximately 1.4 times, leaving over 40% room for further decline.