Below you can see some of the latest news from the Selwix platform (first thoughts here). By the way, along with the news section they also have an events section where those who want to can see meetings, forums and photos.
Here is the news:
Chinese Authorities Consider Creating a National Bitcoin Reserve
China to Follow the US Example with a Bitcoin Reserve
Chinese Authorities Consider Creating a National Bitcoin ReserveAs is known, on March 6 of this year, US President Donald Trump signed an executive order establishing the SBR (Strategic Bitcoin Reserve). The fund will be based on assets confiscated by the government. This initiative was one of Trump’s campaign promises.
Against this backdrop, Bitcoin Magazine CEO David Bailey reported that China is also actively working on creating its own strategic Bitcoin reserve.
According to him, closed-door meetings of Chinese government officials on this issue began immediately after the US elections in November 2024. Regarding his sources, Bailey emphasized that there are “quite a few staunch Bitcoiners” in Beijing.
According to Bitcoin Treasuries, wallets controlled by US authorities hold 198,109 BTC, most of which is expected to be returned to the Bitfinex exchange.
Data from the same service indicates that the Chinese government holds 190,000 BTC. These assets are linked to the PlusToken crypto pyramid scheme. This amount could make Beijing the largest state owner of digital gold. However, there has been no official confirmation from China regarding possession of these assets.
Most experts believe that the US-initiated “SBR race” will inevitably push various governments to purchase digital gold. The United States is likely unwilling to lose its dominance in the sector and will also increase the volume of the SBR by acquiring the first cryptocurrency.
In any case, this agenda is already starting to have a positive impact, strengthening market participants’ confidence in the future prospects of the crypto market.
Selwix – Your Guide to the World of Cryptocurrencies
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The popularity of the Tether stablecoin continues to rise despite the limitations on its circulation in Europe
Tether predicts the growth of USDT users to 1,000,000,000
The popularity of the Tether stablecoin continues to rise despite the limitations on its circulation in Europe.
According to conservative estimates, the number of USDT users worldwide exceeded 400 million by the end of March 2025. This was stated by Tether’s CEO, Paolo Ardoino. The company also notes that with the growing popularity of their coin, the user base may soon reach one billion.
Ardoino said that the mass adoption of the technology is happening due to “fieldwork” and close interaction with users, while traditional financial institutions remain passive and only observe the process from the sidelines.
The company’s CEO also emphasized that such rapid development became possible thanks to solutions “created by Tether back in 2014.”
Today, the popularity of stablecoins is growing not only among individual investors but also among companies and government entities. Many of them are already implementing, developing, or planning to launch their own digital assets.
Such positive trends contribute not only to the development of the crypto market and digital infrastructure as a whole but also strengthen the positive attitude toward modern financial technologies worldwide.
Selwix – your guide to the world of cryptocurrencies!
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