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Deutsche Bank Backs Bitcoin as Strategic Reserve Asset
Today's Market Overview, News and more.
Hodl Topic
March 13, 2025
🔥Heat Map:
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 12.6M
Exchanges: 805
Market Cap: $2.72T (+1.35%)
24h Volume: $102.26B (-14.81%)
Bitcoin Dominance: 61.3%
Ethereum Dominance: 8.4%
ETH Gas Price: 0.62 Gwei
Fear & Greed Index: 21 (Fear)
🪙 Top 5 Cryptocurrencies by Market Cap
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $83,879.46 | +1.44% | $1.66T | $39.79B |
Ethereum (ETH) | $1,900.04 | -0.22% | $229.16B | $22.05B |
Tether (USDT) | $1.00 | -0.02% | $143.35B | $77.50B |
BNB (BNB) | $573.97 | +4.00% | $81.77B | $1.80B |
Solana (SOL) | $126.45 | +1.28% | $64.42B | $4.07B |
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🚀 Trending on DexScan:
MERY/WCRO - $0.0000268 (+3.45%)
STAR10/WBNB - $0.01182 (+4.08%)
EYE/WBNB - $0.0002972 (+18.83%)
MATEZ/USDT - $16.29 (+8.30%)
WBNB/USDT - $574.31 (+3.98%)
💹 Market Highlights:
Total DeFi Volume: $6.35B
Stablecoins Volume: $96.32B
Coin with highest % change: VIC (+63.65%)
📈 Preview On Today’s News:
- Deutsche Bank Backs Bitcoin as Strategic Reserve Asset
- Binance Secures $2B Investment from Abu Dhabi’s MGX
- Singapore and Vietnam Form Strategic Partnership on Digital Asset Regulation
Keep reading below for more!
Today’s News:
1)
Deutsche Bank Backs Bitcoin as Strategic Reserve Asset
Germany’s largest bank, Deutsche Bank, has released an ultra bullish report on Bitcoin, comparing it to gold and emphasizing its potential as a strategic reserve asset. The bank highlights Bitcoin’s fixed supply of 21 million, its decentralized nature, and resistance to cyber threats as key factors supporting its reliability. According to the report, the US, under former President Donald Trump’s administration, is positioning Bitcoin as a national reserve to boost economic growth, protect against inflation, and strengthen its role in the global digital economy. Deutsche Bank argues that this move could mirror the historical significance of US gold reserves, potentially aiding public finances and offsetting national debt if Bitcoin's value increases significantly.
Deutsche Bank compares Bitcoin to gold, calling it a reliable strategic reserve due to its fixed supply, decentralization, and resistance to cyber threats.
The bank states the US is positioning Bitcoin as a national reserve asset to support economic growth, protect against inflation, and strengthen its global financial leadership.
2)
Binance Secures $2B Investment from Abu Dhabi’s MGX
Leading cryptocurrency exchange Binance has secured a $2 billion investment from Abu Dhabi-based tech and AI investor MGX, marking Binance’s first institutional backing and the largest single investment in a crypto firm to date. MGX now holds a minority stake in Binance, with the deal aimed at advancing blockchain and AI innovation while expanding Binance’s presence in the UAE. Both companies emphasized their commitment to building a secure, compliant, and scalable digital finance ecosystem. This milestone also follows Binance’s recent licensing by Dubai’s Virtual Asset Regulatory Authority (VARA), bolstering its strategic growth in the Middle East.
Binance secured a $2 billion investment from Abu Dhabi’s MGX, giving MGX a minority stake and marking Binance’s largest institutional funding round.
The partnership focuses on advancing AI and blockchain innovation, expanding Binance’s presence in the UAE, and strengthening the digital finance ecosystem.
3)
Singapore and Vietnam Form Strategic Partnership on Digital Asset Regulation
Singapore and Vietnam have entered a landmark partnership to collaborate on digital asset regulation, aiming to harmonize their regulatory frameworks and enhance cooperation in capital markets. Formalized through a Letter of Intent (LOI) between Singapore’s Monetary Authority (MAS) and Vietnam’s State Securities Commission (SSC), this alliance focuses on sharing anti-money laundering (AML) expertise, supervisory practices, and fostering innovation in the digital asset space. Witnessed by senior officials from both nations, the partnership positions Singapore and Vietnam as regional leaders in shaping responsible and secure digital asset ecosystems, potentially inspiring similar cross-border regulatory efforts across Asia.
Singapore and Vietnam signed a Letter of Intent to collaborate on digital asset regulation, sharing AML expertise, supervisory practices, and regulatory frameworks.
The partnership aims to foster innovation, strengthen investor protection, and position both nations as leaders in Asia’s digital asset ecosystem.
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This newsletter (Hodl Topic, hodltopic.com) is based on our data and opinions, provided solely for informational purposes. It does not constitute financial advice. Cryptocurrency investments involve significant risks, so it’s essential to conduct thorough research and consult a qualified financial advisor before making any investment decisions. We are not liable for any financial gains or losses resulting from the use of this information.