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BlackRock buys $3.85b Bitcoin as IBIT overtakes S&P 500 fund in earnings

BlackRock continued its aggressive Bitcoin accumulation through June, adding billions to its holdings as demand for its spot ETF showed no signs of slowing down. According to blockchain intelligence platform Arkham, BlackRock ramped up its Bitcoin purchases in June, accumulating approximately $3.85 billion worth of BTC over the course of the month. The billion-dollar acquisition…

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Connecticut passes law blocking the state from creating a Bitcoin reserve

Connecticut has officially passed a law that restricts the state government from accepting, holding, or investing in virtual currency, effectively banning the creation of a cryptocurrency reserve. On June 30, Governor Ned Lamont signed House Bill 7082 into law, following unanimous approval by both chambers of the state legislature. The legislation, now enacted as Public…

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