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Bitget has launched U-based TGT and BLUE perpetual contracts According to the official announcement, Bitget announced that it has launched U-based TGT and BLUE perpetual contracts, with leverage ranges of 1-20 times, and contract trading BOT will be opened simultaneously.

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In a groundbreaking move that could reshape how states engage with cryptocurrency, the Texas House has officially passed the Strategic Bitcoin Reserve Bill (SB21). This legislation allows Texas to allocate part of its rainy day funds to purchase Bitcoin, positioning the state as a pioneer in embracing digital assets as part of its financial strategy. 💰💻 What Does This Mean? 🤔 The bill empowers Texas to invest up to $23.7 billion of its rainy day funds into Bitcoin, assuming the current Bitcoin price of approximately $109,219 per $BTC This translates to a potential purchase of 217,654 Bitcoins 🪙—marking one of the largest institutional endorsements of crypto by any state or governmental entity. 📊 Why Bitcoin? 🔥 Bitcoin’s fixed supply and increasing institutional adoption have made it a popular hedge against inflation and currency devaluation. By holding Bitcoin as part of its reserves, Texas could diversify away from traditional assets such as bonds and cash, potentially increasing the state's financial resilience in volatile markets. 📉➡️📈 Context Among Other States 🌎 From the map, Texas joins a growing number of states engaging with the Strategic Bitcoin Reserve Bill or considering similar measures: Passed States (Green) ✅: Only two states, including Texas (and Arizona) have passed this bill so far. Considering (Orange) ⚠️: New Mexico is considering similar legislation. Pending (Blue) ⏳: A significant 18 states currently have bills pending, indicating growing legislative interest. Rejected (Red) ❌: Five states have rejected such proposals, reflecting ongoing debates over crypto risks. Potential Impact ⚡ If Texas proceeds with purchasing Bitcoin under SB21: It could serve as a model for other states seeking innovative treasury management. 🏦 It might catalyze further institutional adoption and acceptance of Bitcoin. 📈 It could expose Texas to both the upside potential and volatility risks inherent in cryptocurrencies. ⚠️ Strategic Implications 🧠 Texas’ move symbolizes a shift in traditional financial management, with government entities starting to view crypto as a legitimate asset class. By leveraging Bitcoin’s characteristics, Texas may be aiming to future-proof its finances amid economic uncertainty and inflationary pressures. 🌪️🛡️ Summary 📝 Texas House passed SB21 — Strategic Bitcoin Reserve Bill. 🎉 Potential purchase: 217,654 BTC using rainy day funds. 💵🪙 BTC price assumed: $109,219. 💲 Texas joins Arizona as the only states with passed bills. 🤝 Growing interest in similar legislation nationwide, with 18 states pending. 🔥 5 states have rejected the bill so far. 🚫 Texas’ move marks a pioneering step toward crypto sovereignty at the state government level. 🏛️ What’s Next? 🔮 The bill will now move to further legislative approval stages before implementation. Market watchers and crypto advocates are closely monitoring Texas, as its decision could signal a new wave of public sector crypto adoption, influencing financial policies across the US. 🇺🇸💥