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Philippine Congressman Proposes Establishing National Bitcoin Strategic Reserve

By: theblockbeats.news|2025/08/22 11:42:07

BlockBeats News, August 22nd, according to NLNico, Philippine Congressman Miguel Villafuerte has submitted HB 421, proposing the establishment of a Philippine Strategic Bitcoin Reserve. The proposal suggests that the Philippine Central Bank (BSP) should purchase 2,000 bitcoins annually over a period of 5 years, accumulating a total of 10,000 bitcoins to be held for 20 years without being touched, aiming to strengthen national security and debt stability.

VaderAI has announced the cessation of development of its Genesis-related DeFAI product, with VADER experiencing a sudden price drop of over 45%.

Viewpoint: Tonight's Powell Speech Expected to Cause a 2% Price Swing for Bitcoin