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In the rapidly evolving blockchain landscape, interoperability has emerged as a critical factor for the seamless integration of decentralized applications (dApps) and decentralized finance (DeFi) platforms. Two prominent projects at the forefront of this movement are UniLayer and LayerZero, each contributing uniquely to the ecosystem. UniLayer: Revolutionizing Decentralized Trading UniLayer is a decentralized trading platform built atop existing decentralized exchanges (DEXs) such as Uniswap. It aims to enhance the DeFi trading experience by introducing advanced tools and features typically found on centralized exchanges. Key Features of UniLayer: Automated Trading: UniLayer enables users to schedule buy and sell orders, facilitating strategic trading without constant manual oversight. Staking and Yield Farming: The platform offers staking opportunities where users can lock their tokens to earn rewards. Additionally, yield farming options are available for users to generate returns on their crypto assets. DEX Aggregation: By integrating with multiple decentralized exchanges, UniLayer ensures users access the best available prices for their trades. Launchpad for New Projects: UniLayer provides a decentralized launchpad, enabling emerging projects to raise funds in a secure and transparent environment. The LAYER Token: At the heart of the UniLayer ecosystem is its native ERC-20 token, $LAYER . This token serves multiple functions within the platform: Trading Fee Discounts: Holders of $LAYER tokens benefit from reduced trading fees on the platform. Staking Rewards: Users can stake $LAYER tokens to earn passive income, with rewards distributed proportionally based on the amount staked. Governance Participation: $LAYER token holders possess voting rights, allowing them to influence key decisions regarding platform upgrades and new features. As of February 16, 2025, $LAYER is trading at approximately $0.723181 USD, with a slight decrease of 0.11703% from the previous close. The intraday high reached $0.819188 USD, while the low was $0.03474506 USD. LayerZero: Facilitating Omnichain Interoperability LayerZero is an interoperability protocol designed to enable seamless communication between disparate blockchain networks. By providing a universal messaging layer, LayerZero allows decentralized applications to operate across multiple blockchains efficiently. Core Components of LayerZero: Ultra Light Nodes (ULNs): These serve as on-chain endpoints that facilitate the validation of cross-chain messages without the need for full nodes, ensuring efficient and secure communication. Oracles and Relayers: LayerZero employs decentralized oracles and independent relayers to transmit messages and proofs between blockchains, maintaining trustlessness and security in cross-chain interactions. Ecosystem and Integrations: LayerZero's protocol has been adopted by various projects aiming to enhance cross-chain functionality: Stargate Finance: A liquidity transport protocol that enables users to transfer assets across multiple blockchains seamlessly. Radiant Capital: An omnichain money market allowing users to deposit and borrow assets across different chains. Trader Joe: A decentralized trading platform that has integrated LayerZero to facilitate cross-chain token transfers. By focusing on trustless and efficient cross-chain communication, LayerZero aims to dissolve the barriers between isolated blockchain networks, fostering a more interconnected and versatile decentralized ecosystem. Conclusion Both UniLayer and LayerZero are making significant strides in advancing blockchain interoperability. UniLayer enhances the decentralized trading experience by providing advanced tools and features, while LayerZero addresses the critical need for seamless cross-chain communication. Together, they exemplify the innovative efforts driving the evolution of a more integrated and efficient blockchain ecosystem.

North Carolina House Speaker Destin Hall has introduced a bill to invest public money in cryptocurrency. The bill would enable the state to allocate funds to create a Strategic Bitcoin Reserve and other Bitcoin-related investments. According to news reports, the North Carolina House Speaker is pushing to invest up to 10% of the state’s general and highway funds in crypto assets. However, this would be limited to digital assets with high market capitalizations, making BTC the only qualifying cryptocurrency. Strategic Bitcoin Reserve Legislation North Carolina as a Leader in Technology The introduction of House Bill 92 that was sponsored by Representatives Destin Hall, Mark Brody, and Steve Ross, makes North Carolina the 20th state to introduce similar bills aiming to establish a Strategic Bitcoin Reserve by putting public money into crypto where most of them intend to invest portions of their state’s retirement funds. According to the Bill, the cryptocurrencies that qualify should have a market capitalization of at least $750 billion during the one year preceding the potential investment to qualify. Representative Hall said in a statement: “Investing in digital assets like Bitcoin not only has the potential to generate positive yields for our state investment fund but also positions North Carolina as a leader in technological adoption & innovation.” Regulated via ETP As a result, only Bitcoin could comfortably qualify to meet this requirement as its threshold is over two times that of the following digital asset, Ethereum, whose current market capitalization stands at around $323 million. Moreover, the bill further stipulates that the investment will happen via a regulated exchange-traded product (ETP). Under the bill, the state’s Treasurer will be allowed to invest in digital assets via the General Fund, Highway Fund, and 24 other special funds it supervises. The implementation of the digital asset investment will be overseen by the Governor and Council of State and a third-party investment manager that must have at least $100 million in assets under management. Apart from North Carolina, other states that have recently proposed a similar Strategic Bitcoin Reserve bill include Kentucky, which plans to allocate at least 10% of its reserves to BTC and other cryptocurrencies. Florida Senator Joe Gruters has also recently introduced the SB 550 bill, which aims to allow the state’s Financial Officer to use public funds to invest in BTC and create a Strategic Bitcoin reserve. Bill Awaiting Legislative Process Bill Awaiting Legislative Process Building a US Strategic Bitcoin Reserve has gained much traction nationally, especially following President Donald Trump’s stance on cryptocurrencies. Industry leaders like Mathew Sigel have proposed that creating a Bitcoin reserve strategy would be significant as it would help maintain the country’s economic strength. North Carolina’s Strategic Bitcoin Reserve Bill now moves to the legislative process where lawmakers will debate it, approve it, and make it one of the first states to use public funds to invest in crypto. Conclusion As institutional adoption rates rise, several states in the US are considering creating a Strategic Bitcoin reserve like the federal government plans to put in place. Lawmakers in Iowa, Maryland, and Kentucky have introduced bills similar to North Carolina’s. Only time will tell whether the respective houses will approve the proposed bills and make the crypto dream a reality. Frequently Asked Questions (FAQs) What is a strategic Bitcoin reserve? This would be a state or national stockpile of Bitcoin, similar to the US government’s strategic petroleum reserve to utilize in case of a global disruption. Is there a case for a strategic reserve for Bitcoin? Establishing a strategic reserve for BTC could strengthen a nation or state’s economic stability through debt offsetting, increased diversification, and a hedge against inflation. How would a BTC strategic reserve work in the US? This would involve the government buying and holding a BTC stockpile like gold reserves. The US federal government already has over 200,000 Bitcoins, mostly confiscated from criminal elements. How would such a reserve impact the crypto market? Proponents believe a strategic bitcoin reserve could trigger a crypto’ arms race’ to reshape the global economic order and legitimize cryptocurrencies. References Reuters Coindesk Appendix Glossary of Key Terms House Bill: Refers to a proposed law for introduction in a House of Parliament to introduce a new legislation, amend an existing one, or repeal one. Bitcoin: A cryptocurrency that operates on peer-to-peer software and cryptography and is free of any central control or the oversight of banks or governments. Strategic Reserve: A stockpile of essential resources or commodities that can be used when needed, especially during a crisis or supply disruption. Exchange Traded Product: A financial product that trades like a stock, bond, or commodity on an exchange.

The post Florida Proposes Bill to Invest Public Funds in Bitcoin appeared first on Coinpedia Fintech News In a recent development, Florida Senator Joe Gruters has proposed a bill to allow public funds investment in Bitcoin. The bill called “SB 550: Investments of Public Funds in Bitcoin,” which would allow the state’s Chief Financial Officer (CFO) to invest various public funds in Bitcoin and other cryptocurrencies. This includes funds like the General Revenue Fund, Budget Stabilization Fund, and trust funds. 41.) Florida Senator @JoeGruters introduces bill SB 550, which allows the CFO to invest up to 10% of public funds into #Bitcoin pic.twitter.com/RKNeVBUOHZ — HODL15Capital (@HODL15Capital) February 10, 2025 Notably, the bill gives the CFO authority to manage and regulate these investments while ensuring they follow state financial plans. It sets a cap of 10% for Bitcoin holdings in each fund. The bill also sets rules for safely storing Bitcoin and provides guidelines for tax collection. Its goal is to include Bitcoin in Florida’s financial system as a useful asset, while ensuring all regulations are followed. This bill places Florida among the U.S. states considering Bitcoin for public investment. VanEck’s Matthew Sigel also pointed out that holding Bitcoin as a reserve could strengthen the U.S. economy, particularly in sectors like energy, AI, and finance, while protecting against inflation. Key Provisions Of The Bill The proposed bill lays out a clear plan for investing public funds in Bitcoin. It gives the CFO the authority to manage these investments according to the state’s financial goals. The bill also sets rules for safely holding Bitcoin and lending it under certain conditions. To handle taxes, the bill suggests transferring taxes and fees paid in Bitcoin to the General Revenue Fund. This fund would also cover payments for state employees who choose to receive crypto as part of their salary. These provisions aim to ensure transparency and accountability in managing crypto investments. Growing Number Of States Adopting Crypto This bill from Florida follows a similar initiative in Maryland, where the state proposed the Strategic Bitcoin Reserve Act to invest in Bitcoin using gambling violation revenues. It shows that more states are exploring crypto adoption. Bitcoin is on its way to becoming a mainstream reserve asset, driven by increasing adoption from institutions and governments. Despite the growing number of Bitcoin reserve proposals, regulatory challenges remain. Fiscal policies and Bitcoin’s volatility could create obstacles for lawmakers and the public. However, if enough states adopt similar bills, it could spark a wider discussion about a potential federal Bitcoin reserve in the future.

NEW: Florida Senator Joe Gruters introduces bill to invest in Bitcoin 🇺🇸

Texas Representative Al Green, ranking member of a House subcommittee on oversight and investigations, criticized US President Donald Trump for pushing his own “deregulatory pro-crypto agenda” while launching a controversial memecoin.  In a Feb. 6 hearing of the House Financial Services Committee’s Oversight and Investigations Subcommittee, Rep. Green, a Democrat, immediately challenged the narrative Republican leadership made in claiming the previous administration had “put crypto in the crosshairs” of US regulators. The Texas representative said the colloquial term Operation Choke Point 2.0 — used by some lawmakers and crypto executives claiming former US President Joe Biden’s administration had orchestrated attempts to debank the industry — was a “fake program, never initiated.” Politics, Congress, Banks, Donald Trump, Memecoin Rep. Al Green addressing lawmakers on Feb. 6. Source: House Financial Services Committee According to Rep. Green, the Federal Deposit Insurance Corporation (FDIC) and US financial regulators under the previous administration warned financial institutions about potential business ties to crypto firms rather than ordering them to halt services — a claim echoed by Better Markets banking policy director Shayna Olesiuk, who testified at the hearing.  Regulators asking banks to consider the risks associated with the cryptocurrency industry does not amount to debanking,” said Rep. Green. The Texas representative hinted that lawmakers should turn their attention to Trump’s memecoin, which he launched before taking office on Jan. 17. Neither subcommittee chair Dan Meuser nor Financial Services Committee chair French Hill commented on the TRUMP coin in their opening statements. “Regulation by exhaustion,” says Coinbase CLO The Feb. 6 hearing appeared to be based on some industry executives claiming to have been cut off from traditional banking services based on their ties to crypto. A Freedom of Information Act lawsuit led by Coinbase showed the FDIC issued letters to banks in 2022 suggesting they “pause all crypto asset-related activity.”$TRUMP