[Morning News Brief] Czech Central Bank allocates 1% of foreign exchange reserves to Bitcoin, with an assessment stating expected returns increase but risk changes are minimal

Czech National Bank: “When 1% of foreign exchange reserves is included in Bitcoin, expected returns rise, while overall risk remains almost unchanged”

It is reported that the Czech National Bank’s assessment states that if 1% is allocated to Bitcoin within the foreign exchange reserve investment portfolio, expected returns will increase while overall risk will remain almost unchanged.

According to sources, the Czech National Bank has taken the position that the small-scale inclusion of Bitcoin in the national reserve asset portfolio could be positive from the risk-return perspective.

Based on content shared by Pete Rizzo, the Czech National Bank explained that “expected returns increase while overall risk remains almost unchanged.” However, this was a summary of remarks circulated through social media; the original text of the report or whether a decision has actually been made to include Bitcoin is not provided in the article.

The market is watching for relevant signals, because if Bitcoin is included in discussions around major institutional and sovereign asset allocation, it could raise expectations for mainstream adoption.

CFTC accuses Wisconsin of infringing its jurisdiction over cryptocurrency prediction markets and files a lawsuit

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit, accusing Wisconsin of infringing its jurisdiction over cryptocurrency prediction markets.

According to Watcher.Guru, the CFTC claims that Wisconsin interfered with regulation related to cryptocurrency-based prediction markets, infringing on the jurisdiction of the federal agency.

This lawsuit shows that legal disputes between the federal government and state governments over who has regulatory control over crypto derivatives and prediction markets are expanding.

Report: World Liberty Financial, owned by the Trump family, partners with a project linked to a U.S.-sanctioned scam organization

According to a report by The Wall Street Journal (WSJ), World Liberty Financial, part of the Trump family’s business, collaborated with a cryptocurrency project associated with the operator of a scam organization known to be under U.S. sanctions.

The source is Watcher.Guru. If the report is true, the partnership could increase World Liberty Financial’s reputation and regulatory risk.

However, based solely on the currently disclosed information, it is not possible to confirm the specific name of the partner project, the scope of the contract, or World Liberty Financial’s position.

Coinbase plans to list Virtual Protocol (VIRTUAL) for spot trading

Coinbase is set to begin spot trading of Virtual Protocol (VIRTUAL).

According to PANews, Coinbase said it plans to open the VIRTUAL-USD trading pair in supported regions on the 29th. Trading will start once liquidity conditions are met.

The move is seen as part of Coinbase’s trend of expanding spot listings for new tokens.

Block: “Square merchants supporting Bitcoin payments exceed 808,000”

Block announced that the number of Square merchants supporting Bitcoin payments has surpassed 808,000.

Bitcoin Magazine cited Block’s announcement on the X platform, saying that the frequency of new merchants adopting BTC payments is roughly one every 8 seconds.

The announcement is seen as an indicator of Bitcoin’s expanding real-world use.

Over Foundation halts operations of Over Protocol due to financial constraints

Over Foundation announced on X that, due to financial constraints, it will stop operating Over Protocol.

According to Odaily, the foundation has terminated all infrastructure and services, including OverWallet, OverNode, OverFlex, RPC endpoints, a block explorer, and APIs, and said there are no plans to restart.

Over Protocol is designed to be a decentralized Layer 1 mainnet, but a service interruption by the foundation likely makes ongoing network operation difficult. Whether block production can continue in the future will depend on independent validators running open-source clients.

Citadel obtains regulatory approval to operate in Dubai

Citadel has received regulatory approval to operate in Dubai, UAE.

According to Watcher.Guru, reported on the 28th local time, Citadel has obtained approval from the relevant authorities to conduct business in Dubai. The approval is expected to serve as a foundation for Citadel’s expansion of operations in the Middle East.

Dubai has recently been actively attracting global financial institutions and digital asset companies and is emerging as a financial hub in the Middle East.

RWA yield platform Numa Digital raises $5.2 million in a seed round led by Morgan Creek Digital

RWA yield platform Numa Digital raised $5.2 million in a seed round led by Morgan Creek Digital. The funds will be used to build its self-custodied RWA yield platform, Numa Finance.

According to PANews on the 29th, investors including Ulu Ventures participated in this round. Numa is a project incubated jointly by Animoca Brands and Numa Labs, aiming to establish a self-custodied RWA market connecting asset issuers and users.

After users deposit USDC, they will receive nvAsset tokens representing their equity, with the yield reflected in the token price. Initial products include nuYLDS and nuHELOCs based on on-chain assets from Figure Technologies.

Among them, YLDS is a yield-bearing stablecoin registered with the U.S. Securities and Exchange Commission, while nuHELOCs are associated with home equity loan assets exceeding $16 billion. Numa also plans to issue NUVA utility tokens in the future, but the specific go-live timeline for the platform and tokens has not been announced.

$194.98 million USDC transferred from Coinbase Institutional to an unconfirmed wallet

According to Whale Alert monitoring, $194.98 million worth of USDC (approximately $194.98 million) was transferred from Coinbase Institutional to an unconfirmed wallet.

This was a large-scale on-chain transfer of funds. Whether it involved buying, selling, or reconfiguring custody of assets has not been confirmed.

$115.86 million USDC transferred from the USDC treasury wallet to Coinbase Institutional

According to Whale Alert monitoring, $115.86 million worth of USDC (approximately $115.86 million) was transferred from the USDC treasury wallet to Coinbase Institutional.

This transaction is a large transfer of stablecoins to Coinbase’s institutional account, which may be interpreted as an inflow of funds awaiting purchase or as replenishing liquidity for the exchange. However, based solely on on-chain transfers, the actual buying activity or the specific use of the funds cannot be determined.