The University of Austin is making history as the first US university to establish a dedicated Bitcoin investment fund. With a $5 million allocation from its $200 million endowment, the university sees Bitcoin as a long-term asset alongside traditional investments like stocks and real estate.
Chad Thevenot, senior vice president for advancement, confirmed the university’s commitment to holding Bitcoin for at least five years. The initiative, first announced in May, is being managed in partnership with Bitcoin financial services firm Unchained, which is responsible for securing the fund’s holdings.
While Austin is the first to launch a dedicated Bitcoin fund, other universities have already shown interest in crypto. Emory University recently disclosed a $15.1 million Bitcoin investment, while Stanford’s Blyth Fund allocated 7% of its portfolio to Bitcoin and later invested in BlackRock’s iShares Bitcoin ETF. As institutional adoption grows, Bitcoin’s role in university endowments appears to be expanding.
Elon Musk’s Department of Government Efficiency (DOGE) has saved US taxpayers $36.7 billion, sparking fresh calls for blockchain technology to bring transparency to government spending. According to Doge-tracker data, this represents just a fraction of Musk’s goal to cut $2 trillion in spending. Coinbase CEO Brian Armstrong praised the initiative, arguing that a blockchain-based treasury could provide real-time oversight of financial transactions.
In a recent breakthrough, DOGE identified a $100 billion loophole in government spending linked to entitlement payments to individuals without valid identification. Musk described this as ‘utterly insane,’ estimating at least half of these payments could be fraudulent. A new agreement with the US Treasury aims to close these gaps by enforcing stricter payment tracking and updating the “DO-NOT-PAY” list more frequently.
Crypto experts believe adopting blockchain for the US Treasury could position the country as a leader in financial transparency and innovation. Jean Rausis of Smardex stressed that any such system must remain decentralised to be truly effective. DOGE’s work is expected to conclude on 4 July 2026, with a plan to deliver a leaner, more efficient government in time for the US’s 250th Independence anniversary.
The Central African Republic made waves on 10 February by announcing the launch of its meme coin, CAR. The news came directly from President Faustin-Archange Touadéra’s official X account, presenting the token as an experiment to unite people and boost national development. The meme coin, launched on the Solana-based Pump.fun platform, saw its value surge rapidly as traders rushed to invest in what was described as the first-ever national meme coin.
However, excitement soon turned to scepticism. AI detection tools flagged the president’s announcement video as potentially AI-generated, raising concerns about its authenticity. The project’s official X account was swiftly suspended, and further scrutiny revealed that its domain had been registered just days before the announcement using Namecheap, a budget-friendly provider. Shortly after, Namecheap took the website offline, citing it as an ‘abusive service.’
Despite these red flags, the CAR token initially reached a peak valuation of $527 million before dropping to $460 million. The controversy comes amid a rise in fraudulent memecoin launches, with recent cases involving hacked X accounts of high-profile figures. While there is still no clear confirmation on whether CAR is an official government-backed initiative or an elaborate scam, the crypto community remains on high alert.
Tether and Reelly Tech have joined forces to integrate USDT into real estate transactions across the UAE. Their collaboration aims to enhance efficiency in property deals while educating real estate agents on the benefits of stablecoins. Reelly Tech, which connects over 30,000 agents globally, will work with Tether to launch an interactive educational series on USDT’s role in the market.
The initiative comes as the UAE’s real estate sector experiences record growth, with off-plan sales value reaching 283 billion AED in 2024, a 27.5% increase from the previous year. By positioning USDT as a reliable financial tool, the partnership seeks to provide seamless and secure property transactions for buyers, developers, and agents.
Tether has been expanding its presence in the region, supporting blockchain education and digital asset adoption through partnerships like its collaboration with RAK DAO. CEO Paolo Ardoino highlighted the UAE’s leadership in digital assets, calling it the ideal hub for innovation. In August 2024, Tether also announced plans to launch a stablecoin pegged to the UAE dirham, further strengthening its role in the region’s evolving financial landscape.
Potential candidates for Donald Trump’s Working Group on Digital Asset Markets have emerged, with leading crypto executives vying for spots on the advisory council. Figures such as Ripple’s Brad Garlinghouse, Coinbase CEO Brian Armstrong, and Circle’s Jeremy Allaire are reportedly in the running, though the final list remains uncertain.
Trump’s executive order establishing the council was seen as a major shift in the US government’s stance on digital assets. The order also calls for research into a strategic digital asset reserve—potentially including Bitcoin—while explicitly banning the development of a central bank digital currency (CBDC).
The advisory group will include officials from key government agencies, such as the Treasury and the Commodity Futures Trading Commission, but will exclude personnel from the Federal Reserve and the FDIC. The decision was welcomed by crypto advocates, who have accused these institutions of stifling the industry. Meanwhile, the FDIC recently released hundreds of pages of documents revealing its scrutiny of crypto firms, further fuelling debate over regulatory policies.
Czech President Petr Pavel recently signed a bill that exempts cryptocurrency users from paying taxes on long-term gains. Under the new legislation, crypto assets held for over three years will not be taxed when sold, and transactions up to CZK 100,000 (around $4,136) annually won’t require reporting on tax declarations, similar to securities.
The reform is part of the Czech Republic’s Digitalization of the Financial Markets Act, which is nearing its final stages. The bill will be officially published within the next week or two. As a member of the European Union, this move is seen as a significant step for the country’s crypto sector.
In a related development, the Czech National Bank recently approved a proposal by its governor to consider adding assets like Bitcoin to its reserves. However, European Central Bank President Christine Lagarde expressed her opposition, stating that she doesn’t foresee Bitcoin entering the reserves of EU central banks.
Coinbase is calling on US regulators to remove barriers preventing banks from offering crypto services, urging them to confirm that state-chartered banks can provide and outsource crypto custody and execution. The exchange sent letters to key regulatory bodies, including the Federal Reserve and the FDIC, requesting clear guidance on banks’ ability to work with crypto firms. Coinbase argues that current laws already permit such partnerships, but regulatory uncertainty is stopping banks from fully engaging in the sector.
The request comes amid an ongoing legal battle between Coinbase and US agencies, with the exchange accusing regulators of deliberately blocking banks from serving crypto businesses. Last year, Coinbase sued the SEC and the FDIC over alleged efforts to cut off essential banking services to the industry. Some reports even suggest the FDIC pressured banks to pause their crypto activities, despite institutions such as BNY Mellon moving forward with digital asset custody services.
With Donald Trump now in office, the crypto community is watching closely for potential regulatory shifts. Coinbase, which has been strengthening ties with the new administration, sees this as an opportunity to push for a more open banking environment for crypto firms. The exchange remains a major player in the market, serving as the primary custodian for US-based Bitcoin ETFs.
Trump’s crypto czar, David Sacks, has argued that stablecoins could help maintain US dollar dominance, just as lawmakers push for clearer regulations in the sector. His statement came after Senator Bill Hagerty introduced the GENIUS Act, a bill aimed at setting legal standards for stablecoins and ensuring their reserves are backed mainly by US Treasury Bills.
At a press conference alongside key Republican lawmakers, Sacks outlined Trump’s digital asset strategy, suggesting that stablecoin regulation could be a priority under the administration. He also addressed questions about Trump’s plan for a Bitcoin reserve, stating that assessing its feasibility is a key goal for the crypto council, though he declined to confirm whether the US government would actively accumulate BTC.
Meanwhile, Congress appears to be accelerating efforts to formalise crypto policy, with key committees forming dedicated groups to oversee digital asset regulations. Lawmakers, including Senate Banking Committee Chair Tim Scott and House Financial Services Committee Chair French Hill, have signalled a coordinated push to establish a comprehensive framework for stablecoins and broader crypto adoption.
The Trump administration is preparing to accelerate digital asset regulation, with White House crypto czar David Sacks set to lead a press conference alongside key Conservative lawmakers. The event, scheduled for Tuesday, will outline plans to establish the US as a leader in the digital asset space while ensuring regulatory clarity.
The administration’s working group on digital assets has tasked agencies, including the US Treasury and the SEC, with identifying all relevant cryptocurrency laws by the end of February. Between March and July, policy recommendations will be drafted to amend or remove outdated regulations, paving the way for a federal crypto framework.
Comprehensive proposals covering market structure, stablecoins, and consumer protection must be submitted within 180 days of July, with multiple parliamentary hearings expected. While the process will take time, the involvement of top Conservative policymakers signals a major shift in Washington’s approach to cryptocurrency regulation.
Vietnam is taking steps to regulate digital assets as the country faces rising crypto-related fraud. The proposed framework aims to reduce scams and provide legal clarity, addressing concerns about Vietnam’s “policy grey zones” that allow criminals to operate unchecked. According to Phan Đức Trung, the Vietnam Blockchain Association chairman, recent reports revealed a $100 million crypto fraud targeting local investors.
Despite Vietnam’s ambition to become a blockchain leader by 2030, the lack of regulation has created risks for investors. With 17 million Vietnamese citizens actively using crypto and capital inflows reaching $105 billion for 2023-2024, the country ranks among the world’s top crypto adopters. However, Trung warns that bad actors exploit loopholes by registering offshore without clear laws, making enforcement difficult.
Authorities have already cracked down on crypto scams, arresting multiple suspects in Hanoi and Dong Nai Province for defrauding victims through fake tokens and mining schemes. The new draft law, expected to pass in Q2 2025, aims to establish a legal framework for consumer protection, dispute resolution, and tackling illicit financial activities linked to crypto.
