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Texas has become the third US state to formally create a Strategic Bitcoin Reserve with the historic signing of SB 21 into law. Armed with the newly minted law, the state of Texas will buy and hold Bitcoin via the office of the state comptroller. Texas Creates Strategic Bitcoin Reserve Into Law Emerging reports from
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The post SEC’s May 12 Roundtable: BlackRock, Nasdaq, and Others to Discuss Tokenization & DeFi appeared first on Coinpedia Fintech News
The SEC’s Crypto Task Force is all set for its next roundtable conference on tokenization and DeFi. It has announced the agenda and panelists for the event, where top Wall Street leaders will join to discuss the future of finance.
The event titled “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet” is scheduled for May 12 at the agency’s headquarters in Washington, D.C., where the event will explore how TradFi and DeFi meet through blockchain-based asset movement. The event will be open to the public and webcast live on the SEC’s website.
SEC Chair Paul Atkins will deliver the keynote address at the event. Commissioner Hester M. Peirce opened up about the importance of the event, calling Tokenization a technological development that could change many aspects of the financial markets. “I look forward to hearing ideas from our panelists on how the SEC should approach this area,” she said.
The event has two key sessions scheduled: “Capital Markets 2.0,” led by Jeff Dinwoodie from the law firm Cravath, and “The Future of Tokenization,” headed by Tiffany Smith from WilmerHale. The session will focus on the long-term implications, use cases, and how regulators may react to tokenized assets in capital markets.
The roundtable will feature panelists from Wall Street Giants like BlackRock, Fidelity, Nasdaq, and Robinhood. Participants include Robert Mitchnick (BlackRock), Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), Sandy Kaul (Franklin Templeton), Christine Moy (Apollo Management), among others.
Representatives from Robinhood, Maple Finance, Securitize, and Blockchain Capital will also share their views at the event.
Also, the fourth roundtable conference, “Defi and the American Spirit,” has been moved to June 9 from June 6.
The Crypto Task Force started a series of roundtables in March. The first roundtable discussed how crypto assets are classified, the second focused on crypto trading, and the third addressed custody issues. These sessions show how the agency is moving towards a more open and collaborative approach.
The post SEC’s May 12 Roundtable: BlackRock, Nasdaq, and Others to Discuss Tokenization & DeFi appeared first on Coinpedia Fintech News
The SEC’s Crypto Task Force is all set for its next roundtable conference on tokenization and DeFi. It has announced the agenda and panelists for the event, where top Wall Street leaders will join to discuss the future of finance. The event titled “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet” is scheduled …
Tesla’s Q1 2025 financial report reveals that despite missing revenue expectations, the company still holds over $951 million worth of Bitcoin.
After its initial purchase in February 2021 and the sale of 75% of its Bitcoin holdings in July 2022, Tesla currently holds approximately 11,509 BTC.
According to a filing with the US Securities and Exchange Commission (SEC) on April 22, 2025, Tesla’s Q1 revenue reached $19.34 billion. This figure falls significantly short of market expectations, which stood at $21.37 billion.
The electric vehicle segment, Tesla’s primary revenue stream, posted a 20% year-over-year decline. The main reason is a 13% drop in deliveries and a 16% reduction in production.
Despite this, Tesla’s stock price has dropped 41% since the beginning of 2025, under pressure from controversies surrounding CEO Elon Musk’s involvement in government roles and ongoing protests against the company.
A key point of interest in Tesla’s Q1 2025 financial report for the crypto community is the company’s Bitcoin holdings. As of March 31, 2025, Tesla owns 11,509 Bitcoin, valued at approximately $951 million, according to data from Bitcointreasuries.net.
Bitcoin’s 12% decline in Q1 2025 slightly reduced the value of Tesla’s BTC stash from $1.076 billion at the end of 2024. However, today, with Bitcoin prices rising 6% to $93,000, the value of Tesla’s Bitcoin holdings has again exceeded $1 billion.
New regulations by the Financial Accounting Standards Board (FASB) require companies to mark digital assets to market value each quarter, impacting Tesla’s financial reporting. Previously, this rule enabled Tesla to record a $600 million profit from Bitcoin in Q4 2024 due to market appreciation.
Thus, Tesla did not make any Bitcoin-related transactions during this quarter. This indicates the company is sticking with a HODL strategy, treating Bitcoin as part of its strategic investment portfolio. Other major firms, like Strategy and Metaplanet, are also following this long-term holding approach.
Tesla’s continued Bitcoin holding amid market volatility shows Elon Musk’s confidence in the cryptocurrency’s long-term potential. However, it also raises questions about the fate of Tesla’s BTC stash, especially as Musk is expected to reduce his focus on DOGE and shift more attention back to Tesla starting this May.
“Not stepping down, just reducing time allocation now that @DOGE is established,” Musk stated.
Tesla now stands at a critical crossroads, with Dan Ives, an analyst at Wedbush, calling it a “code red situation.” If the current scenario persists, Musk may be forced to restructure Tesla’s financial strategy, including its Bitcoin holdings.
BeInCrypto reported that the cryptocurrency market will be volatile in the short term until mid-May 2025, citing economic pressures and trade policy uncertainty. The market might stabilize in mid- to late-Q2, supported by historical trends and loose monetary policy. Strong growth is expected in Q3, driven by Bitcoin’s post-halving cycle, institutional adoption, and clearer US crypto regulations.
The post Tesla Misses Q1 Revenue Targets but Still HODLs 11,509 BTC—Now Worth $1 Billion Again appeared first on BeInCrypto.
Cardano (ADA) price has shown signs of a potential surge as whales have been actively accumulating large amounts of ADA. With a total of 40 million ADA purchased, many are watching closely for signs of a breakout. Currently, the ADA price is holding steady above the $0.7 support level, following a sideways trend in the market. The question is whether ADA can break through its critical $1 resistance and enter a bullish rally.
The recent surge in the Cardano price has drawn attention after a significant whale transaction. According to the data, a large investor recently purchased 40 million ADA, sending a strong signal to the market.
This buying activity has contributed to a noticeable shift in ADA’s market dynamics, with the price rising steadily.
The transaction could create momentum, attracting more investors into the market, which would further solidify the upward trend in ADA’s value.
The price triggered by such a large purchase may pave the way for continued growth, especially if more whales or institutional investors follow suit. With a higher demand for ADA, the price could rise past resistance levels, bringing it closer to the $1 target.
As of Tuesday, March 18th, 2025, the price of ADA has been witnessing fluctuations within a defined range. The Cardano price is trading around $0.7, showing a slight decline of 3% over the past 24 hours, following the crypto market decrease.
Cardano price prediction has been hovering between the $0.60 and $0.80 range, with the possibility of a notable upside surge if the $0.80 resistance level is broken. The price could potentially rise by 42%, reaching a target price of $1.
The MACD line remains below the signal line, signaling a weak bullish momentum, while the RSI is currently at 37, indicating that the market is not in an overbought or oversold condition.
Crypto analysts highlighted a recent price movement for Cardano price, noting that the cryptocurrency is gaining momentum. After bouncing off a key support level, ADA shows potential for an upward move toward $0.76. The technical chart reflects a bullish pattern, with the price stabilizing at the $0.70 mark.
Analyst suggests that if the $0.70 level holds, the positive trend will continue, with a breakout likely to drive prices higher. He emphasizes the importance of volume confirmation to support the strength of this price action. The breakout, should it happen, could push ADA to higher levels, indicating increased investor confidence.
To sum up, As Cardano price continues to stabilize around the $0.70 mark, market participants remain hopeful that whale activity could push the price toward $1.
The post Is Cardano Price Set to Hit $1 as Whales Buy 40M ADA? appeared first on CoinGape.
