The US is considering a BTC reserve, Kazakhstan is creating a crypto fund, the NBU is setting "red lines," Robinhood is entering social media, and Dogecoin has received an ETF.

US Treasury to consider creating a Bitcoin reserve

Congressman David Joyce introduced bill HR 5166, which instructs the US Treasury Department to prepare a report on the possibility of establishing a state Bitcoin reserve. The report is expected to be completed within 90 days after the law takes effect.

Transmitting Bitcoin transactions to Mars: the PoTT concept

Researchers proposed a mechanism called Proof-of-Transit Timestamping (PoTT), which involves transmitting transactions between Earth and Mars via ground stations, satellites, and potential lunar nodes. At each stage, the message receives a timestamp, allowing the full payment route to be tracked.

Crypto assets cannot become legal tender in Ukraine

Andriy Pyshnyy stated that the bill on virtual assets is important but does not allow cryptocurrencies to become a full-fledged means of payment. According to him, the NBU has “clear red lines,” and recognizing crypto as legal tender is beyond those boundaries.

Kazakhstan to establish a digital assets fund

President Kassym-Jomart Tokayev instructed the creation of a state digital assets fund based on the National Bank’s Investment Corporation. The fund will store the most common and reliable cryptocurrencies to form a strategic reserve.

Legalization of crypto in Ukraine 

Ukraine’s Ministry of Digital Transformation announced that the Cabinet of Ministers approved the ministry’s 18-month work plan. Key directions include legalizing crypto assets, integrating with the European digital market, and launching satellite mobile communication services.

Tether among the biggest Bitcoin buyers of the year

The USDT issuer added over 27,700 BTC to its reserves, surpassing even some spot ETFs. About 7,900 BTC were allocated directly to back the stablecoin, while nearly 20,000 BTC were transferred to the digital assets fund Twenty One Capital.

Robinhood launches its own social network

The company announced Robinhood Social — a platform integrated into its mobile app that will allow users to share trades and follow the actions of public figures, including Mark Zuckerberg and Nancy Pelosi.

First spot Dogecoin ETF launches in the US

On September 11, trading began for a Dogecoin-based ETF from REX Shares and Osprey Funds. By registering under the Company Act of 1940, the fund bypassed the complex SEC approval process.

Read more here.

Kursoff’s opinion

This week revealed several important vectors for the crypto industry. The US is exploring the idea of a state BTC reserve, while Tether is already strengthening its position as the largest corporate buyer. At the same time, Ukraine and Kazakhstan are moving toward regulation and the creation of digital funds. Even Dogecoin is getting its own ETF, symbolizing the expansion of crypto into the institutional dimension. And the concept of transmitting Bitcoin transactions to Mars is a reminder: the future of crypto may reach far beyond our planet.