The post Texas becomes first US state to buy $10 million in Bitcoin for strategic reserve appeared on BitcoinEthereumNews.com. Key Takeaways Texas acquired $10 million in BTC on Nov. 20 as part of its newly approved Strategic Bitcoin Reserve initiative. The state made the initial purchase through BlackRock’s IBIT ETF, with plans to self-custody in the future. Texas has become the first U.S. state to purchase Bitcoin for its treasury, acquiring $10 million worth of BTC on November 20 as part of its newly established Strategic Bitcoin Reserve. The initial buy was executed through BlackRock’s spot Bitcoin ETF, IBIT, at an average price of approximately $87,000 per coin, according to Texas Blockchain Council president Lee Bratcher. While the state plans to self-custody its Bitcoin in the future, the ETF structure provides a compliant and accessible entry point as Texas finalizes its custody framework. The purchase follows legislative approval to formalize Bitcoin as a strategic reserve asset, positioning Texas at the forefront of state-level digital asset adoption and signaling a broader shift in how public entities may approach crypto treasury strategies. Source: https://cryptobriefing.com/texas-acquires-10m-bitcoin-strategic-reserve/The post Texas becomes first US state to buy $10 million in Bitcoin for strategic reserve appeared on BitcoinEthereumNews.com. Key Takeaways Texas acquired $10 million in BTC on Nov. 20 as part of its newly approved Strategic Bitcoin Reserve initiative. The state made the initial purchase through BlackRock’s IBIT ETF, with plans to self-custody in the future. Texas has become the first U.S. state to purchase Bitcoin for its treasury, acquiring $10 million worth of BTC on November 20 as part of its newly established Strategic Bitcoin Reserve. The initial buy was executed through BlackRock’s spot Bitcoin ETF, IBIT, at an average price of approximately $87,000 per coin, according to Texas Blockchain Council president Lee Bratcher. While the state plans to self-custody its Bitcoin in the future, the ETF structure provides a compliant and accessible entry point as Texas finalizes its custody framework. The purchase follows legislative approval to formalize Bitcoin as a strategic reserve asset, positioning Texas at the forefront of state-level digital asset adoption and signaling a broader shift in how public entities may approach crypto treasury strategies. Source: https://cryptobriefing.com/texas-acquires-10m-bitcoin-strategic-reserve/

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more