Welcome to The Daily Crypto Briefing, your daily dose of crypto news. I'm Thomas, and here are today's headlines. In today's briefing, we'll cover the landmark Bitcoin investment by a UK pension fund, major transfers from Mt. Gox, Deutsche Telekom's entry into Bitcoin mining, the launch of USDG stablecoin, and record-breaking crypto investment flows. First up, a historic milestone in the UK. A British pension fund has made its first direct Bitcoin investment, marking a significant shift in institutional adoption. Pension specialist Cartwright guided an unnamed fund to allocate 3% of its £50 million assets to Bitcoin. What makes this particularly noteworthy is the direct nature of the investment, bypassing derivatives or ETFs. The fund implemented a robust security system, with private keys distributed among five independent institutions. Moving to our next story, Mt. Gox is making headlines again. The defunct exchange transferred 32,371 Bitcoin, valued at $2.19 billion, to unknown wallets as part of its creditor repayment process. This follows a smaller 500 BTC movement earlier. The exchange recently extended its repayment deadline to October 2025, further prolonging the wait for creditors who've been anticipating returns since the 2014 hack. In Germany, we're seeing major corporations embrace Bitcoin mining. Deutsche Telekom, in partnership with Bankhaus Metzler, has launched the Digital Monetary Photosynthesis pilot project. This initiative focuses on sustainable Bitcoin mining using surplus renewable energy, demonstrating how traditional financial institutions are adapting to the crypto space. The stablecoin landscape is evolving with the announcement of USDG. A powerful consortium including Robinhood, Galaxy Digital, Kraken, and Paxos has formed the Global Dollar Network to support this new stablecoin. This collaboration between traditional finance and crypto companies signals growing mainstream acceptance of digital currencies. Lastly, crypto investment products are setting new records. According to CoinShares, last week saw $2.18 billion in net inflows, pushing the year-to-date total to an unprecedented $29.2 billion. Trading volumes surged 67% to $19.2 billion, representing a significant portion of Bitcoin trades on trusted exchanges. That wraps up today's briefing. From institutional adoption to record-breaking investments, these developments showcase the growing maturity of the crypto ecosystem. I'm Thomas, and thank you for tuning in to The Daily Crypto Briefing. Stay informed, and we'll see you tomorrow with more crypto news.
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