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Crypto News

Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves

Texas took a step toward building a state-based crypto reserve, grabbing $5 million of BlackRock's bitcoin exchange-traded fund, officials told CoinDesk, though the state is still setting up its Texas Strategic Bitcoin Reserve.

The state recently gathered information from the crypto industry on a proper approach to building its bitcoin stockpile, and it passed legislation earlier this year appropriating $10 million to fund it, leaving only a few last steps before it potentially becomes the first of the U.S. states to begin long-term crypto investments in earnest, though others would be expected to soon join it.

South African Reserve Bank flags crypto and stablecoins as financial risk

The South African Reserve Bank has identified cryptocurrency assets and stablecoins as a material financial stability risk, according to the central bank’s second Financial Stability Review of 2025.

The assessment cited rapid growth in domestic adoption and the increasing use of USD-pegged tokens in local trading activity. The country’s three largest cryptocurrency exchanges collectively reached 7.8 million registered users as of July, marking one of the highest levels of retail participation in the region, according to the report.

Michael Saylor Says $80K Bitcoin is "Satoshi's Gift to the Faithful"

Strategy Founder & Executive Chairman Michael Saylor joins us to discuss bitcoin's sharp decline to nearly $80,000, calling the volatility "Satoshi's gift" and a necessary "feature" for performance.

He argues that investors need a 4 to 10-year time horizon and defends MicroStrategy's stock and financial resilience against index exclusion rumors and market noise. Saylor stresses that the long-term fundamentals of digital capital and financial sovereignty will override near-term pain.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday was $128.64 million. The total net asset value of Bitcoin spot ETFs is $114.07 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.54%.

The Bitcoin spot ETF with the highest net inflow on Nov. 25 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $170.8 million. Followed by iShares Bitcoin Trust , with a net inflow of 83.01 million, according to SoSoValue.