Abu Dhabi Wealth Fund Invests in BlackRock Bitcoin ETF
Mubadala Investment Company, the Abu Dhabi government’s sovereign wealth fund, has invested $436 million in BlackRock’s Bitcoin ETF. According to a fourth-quarter report filed with the SEC, Mubadala purchased 8.2 million shares of the Nasdaq-listed iShares Bitcoin Trust ETF.
The move shows that governments are increasingly interested in Bitcoin globally. With the Donald Trump administration considering the possibility of creating a strategic crypto reserve, it is being commented that other countries are racing to create Bitcoin reserves. As the crypto ecosystem in the Middle East rapidly develops, the Blockchain Center in Abu Dhabi continues to support initiatives.
Tether Works With US Lawmakers on Stablecoin Regulation
Tether aims to maintain its leadership in the sector by actively collaborating with US lawmakers on new stablecoin regulations. The proposed regulations would require stablecoin issuers to hold peer-to-peer reserves backed by high-quality, liquid assets and be subject to monthly audits. Tether CEO Paolo Ardoino said the firm wants to protect its own interests by engaging in the regulatory process. JPMorgan analysts suggested that Tether may be forced to sell its Bitcoin and precious metals holdings to comply with the new regulations.
The company currently offers quarterly audits, but could face stricter auditing under the new law. The U.S. Congress is considering three separate bills aimed at regulating the stablecoin market, and the Republican-controlled Congress plans to enact the regulations by April.
Wisconsin Increases Bitcoin ETF Investment
The Wisconsin State Investment Board (SWIB) has increased its exposure to bitcoin by purchasing $335.9 million worth of shares in BlackRock’s iShares Bitcoin Trust (IBIT) ETF. SWIB, which previously invested in BlackRock and Grayscale Bitcoin ETFs, is now focusing solely on IBIT. Institutional investor interest has soared in the U.S. with the approval of spot Bitcoin ETFs, while other states like Michigan are also turning to similar investments.
Argentine President Javier Milei Under Investigation Over LIBRA Crypto Scandal
Argentine President Javier Milei has been accused of defrauding investors by promoting the crypto asset LIBRA. Milei’s post on February 14 increased the market value of the token to over $4 billion, but it quickly lost value, causing investors to suffer major losses. While major investors made millions of dollars in profits, it turned out that the token’s financial model was weak. The government launched an investigation to investigate the legal aspect of the incident and announced that it would take the process to court by establishing a unit of experts.
CalSTRS Increases MSTR Investment to $83 Million
The California State Teachers’ Retirement System (CalSTRS) reported an $83 million investment in Strategy (MSTR) shares as of the fourth quarter. The fund added 5,191 more shares during the quarter, bringing its total MSTR shares to 258,785. MSTR shares gained over 70% with the Bitcoin price increase, rising from $168.5 to $289.6. The company maintains its leadership position in institutional Bitcoin investments, increasing its total Bitcoin reserves to 478,740 BTC.
CalSTRS increased its investment to $76 million due to the increase in the value of the shares, despite reducing its holdings of Coinbase Global by 707. The fund, which has total assets of $352.9 billion, indirectly reflects the increasing institutional interest in Bitcoin.
West Virginia Proposes to Include Bitcoin in the Treasury
West Virginia Senator Chris Rose has introduced a bill that would allow the state treasury to invest in Bitcoin and precious metals. Under the “Inflation Protection Act of 2025,” investments in digital assets exceeding $750 billion in market value would be allowed, which currently only covers Bitcoin. The state would be able to allocate up to 10% of its funds to digital assets and precious metals. West Virginia; Michigan joins states such as Kentucky and Utah that are considering creating Bitcoin reserves, while similar steps are anticipated to be taken at the federal level.
Barclays Invests $131 Million in BlackRock’s Bitcoin ETF
Barclays, one of the leading banks in the UK, announced that it invested $131 million in the iShares Bitcoin Trust (IBIT) ETF managed by BlackRock. According to the bank’s 13F report filed with the SEC, Barclays purchased 2,473,064 IBIT shares.
This move shows that major financial institutions are growing interested in crypto assets. Banks such as Goldman Sachs and JP Morgan have previously entered the sector by investing in Bitcoin ETFs. Barclays’ investment is seen as a sign that institutional adoption is accelerating.
Tether Joins Partnership with Juventus
Tether has taken a strategic step towards integrating digital assets into the sports industry by acquiring a minority stake in Juventus Football Club. The company aims to collaborate with the sports world in areas such as blockchain, artificial intelligence and biotechnology. The investment is seen as part of Tether’s effort to integrate financial innovation into sports management, going beyond its USDT stablecoin. With Juventus, Tether aims to make payment processes and fan interaction more efficient with blockchain technology.
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BITCOIN (BTC)
BTC is priced at $96,210, gaining 0.11% as of the morning hours. The 102,451.99 level is an important resistance point and the price has shown a decline since it could not break it. The price is currently trading at the 96,060.85 support and maintaining this level is critical for an upward reaction. If this support is broken, the price is likely to fall to the 91,370.06 level. In addition, the orange zone between 103,000 and 104,500 stands out as a supply zone where strong selling pressure has previously formed. In the bullish scenario, if the price breaks this zone, a movement to the 108,000 – 110,000 levels may occur. On the other hand, if the 96,060.85 level is broken, a pullback to the 91,370.06 level may occur due to increased selling pressure. If this zone cannot be held, the price will likely fall to around 88,000. The market is currently in the decision phase and the 96,060 support should be followed as a critical area.
ETHEREUM (ETH)
ETH is priced at $ 2666 as of the morning hours with a 0.21% gain in value. The 2,797.50 level is an important resistance area and the price had difficulty breaking this level. The price is currently trading at 2,662.00 and is moving within the consolidation zone. If the price declines to 2,562.51, a buyer reaction may come from this area. However, if this support is broken, the decline may continue to 2,461.59. In the bullish scenario, if the 2,797.50 level is broken, a movement towards the 2,921.00 level may occur.
RIPPLE (XRP)
XRP is priced at $ 2.69 as of the morning hours with a 1.27% loss in value. After reaching the important resistance area at 2.8716, the price is following a horizontal course with difficulty exceeding this level. The price is currently at 2.7046, trading just below the 2.7220 support. If this support area is lost, the price may experience a pullback to the blue support area around 2.5000. However, if the price can break the 2.8716 level, an upward movement towards the 3.2000 level can be expected. In the short term, whether the price can hold above 2.7220 is of critical importance. In a bearish scenario, the 2.5000 support could be an important area for buyers.
AVALANCHE (AVAX)
AVAX is trading at $ 24.95 with a 0.40% gain as of the morning hours. While the 32.95 level stands out as the strongest resistance point, the 28.77 level below draws attention as an important supply region (blue area). After testing this region before, the price entered a sharp selling wave and entered a downtrend. AVAX is currently trading at 24.64 and is in a short-term consolidation process. The nearest resistance level has been determined as 27. If the price breaks this level, the possibility of a continuation of the rise increases and a move towards the levels of 32.95 and 35.63 may occur. In the downside scenario, if the 22.00 level is lost, the lower 20 level may act as a strong support. This region is a critical support point where the price has reacted in the past, and buyers can be expected to step in here.
SOLANA (SOL)
SOL is priced at $183.40 with a 2.50% gain as of the morning hours. While the levels of 229.30 and 245.52 stand out as strong resistance areas, the price entered a downtrend after approaching these levels. SOL is currently traded at 182.81 and is moving close to a critical resistance area (orange area). The level of 190 is seen as a short-term resistance. If the price breaks this level, it is expected that the upward movement will continue and an increase will occur towards the liquidity area in the 210-220 band (blue area). The break of this area may support a larger recovery and initiate a movement towards the level of 229.30. However, the price is stuck in the 175-200 range. If the 175.00 level is broken, selling pressure may increase and the price may retreat to the 170-150 levels.
