💰 Bitcoin in the French State’s reserves? What Ciotti’s bill proposes
Welcome to the Daily for Wednesday, October 29, 2025 ☕️
Hello Cointribe! 🚀
Today is Wednesday, October 29, 2025, and as every day from Tuesday to Saturday, we bring you a summary of the past 24 hours’ key news you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
🌧️ Rainy
24h crypto recap! ⏱
🇬🇧 🧩 Circle launches ARC testnet with backing from major banks and top exchanges
Circle has launched the testnet of its ARC protocol, an infrastructure designed to connect financial institutions with public blockchains. Supported by several major banks and global exchanges, the project aims to standardize tokenized payments and strengthen regulatory compliance in digital finance.
👉 Read the full article
🧱 Ethereum completes testing phase of Fusaka
Ethereum developers have finalized the last testing phase of the Fusaka upgrade, focused on optimizing staking and reducing network fees. Deployment on the mainnet is now ready, marking a new milestone in Ethereum’s scalability roadmap.
👉 Read the full article
📊 Trump Media and Crypto.com launch “Truth Predict” on Truth Social
Trump Media & Technology Group, in partnership with Crypto.com, has launched Truth Predict — a decentralized prediction market integrated into Truth Social. The platform allows users to bet on political and economic events using stablecoins, under a framework compliant with U.S. regulations.
👉 Read the full article
🪙 Bitwise’s Solana ETF off to a strong start
Asset manager Bitwise has confirmed the successful launch of its Solana (SOL) ETF, which recorded over $120 million in trading volume on its first day. The product offers regulated exposure to the Solana ecosystem, supported by growing institutional demand.
👉 Read the full article
💵 Western Union to launch USDPT stablecoin on Solana in 2026
Western Union plans to launch its USDPT stablecoin on the Solana network in 2026, aiming to modernize cross-border payments. The company seeks to reduce transaction costs and processing times while integrating automated compliance mechanisms.
👉 Read the full article
Crypto of the Day: Pendle (PENDLE)
Innovation and Added Value 🧠
Pendle is a DeFi protocol specializing in the tokenization and trading of future yields from crypto assets. It enables any yield-bearing asset (such as a staked token or a deposit on Aave, Lido, Ether.fi, etc.) to be split into two components:
Principal Token (PT): representing the initial capital.
Yield Token (YT): representing the future interest generated by the asset.
This innovation allows investors to sell or buy yield in advance, hedge their exposure, or optimize their cash-flow strategies. Pendle operates without intermediaries, using an Automated Market Maker (AMM) architecture designed for fixed-maturity assets. Since 2024, it has become a leading “yield-trading” platform, thanks to integrations with Lido, Aave, Ether.fi, and EigenLayer, as well as its multichain compatibility (Ethereum, Arbitrum, Base).
The Token 💰
PENDLE is the protocol’s native token. It is used for governance, staking, and liquidity-pool incentives. Holders can lock their tokens as vePENDLE, a model inspired by Curve, which grants voting rights proportional to the lock-up duration. This mechanism aligns user and governance interests while controlling token inflation.
PENDLE thus lies at the core of a programmatic yield ecosystem, where each token becomes a composable, tradable unit of economic value.
Real-Time Performance 📊
💵 Current price: 5.42 USD
📈 24-hour change: + 2.17 %
💰 Market cap: 1 261 000 000 USD
🏅 CoinMarketCap Rank: #83
🪙 Circulating Supply: 232 700 000 PENDLE
📊 24-hour Volume: 42 870 000 USD
Towards a Strategic Bitcoin Reserve in France? Decoding the Ciotti Proposal
What if France became the first country in the European Union to build a public Bitcoin reserve? That’s the ambition behind a new bill recently submitted to the National Assembly. Between financial innovation, digital sovereignty, and fiscal strategy, the proposal raises key questions about the country’s monetary future.
An ambitious proposal at the heart of the monetary debate
On October 28, 2025, MP Éric Ciotti, backed by several members of the UDR group, introduced a bill at the National Assembly aimed at creating a strategic Bitcoin reserve held by the French State. The goal: to accumulate up to 2% of Bitcoin’s total supply — about 420,000 BTC — within seven to eight years.
To manage this initiative, the law proposes establishing a public administrative entity (EPA) responsible for coordinating acquisitions. The reserve would be funded through several channels, including 25% of funds from savings accounts (Livret A and LDDS), bitcoins from judicial seizures, and surplus electricity generated at public industrial sites used for national Bitcoin mining. Daily purchases would also be conducted to avoid market disruptions.
Beyond Bitcoin, the proposal includes broader pro-crypto measures: authorizing euro-backed stablecoins for payments up to €200 per day and allowing taxpayers to pay their taxes in cryptocurrency. It also suggests integrating crypto-linked ETNs into stock savings plans (PEA), opening access to decentralized finance for the general public.
A multi-faceted vision of digital sovereignty
More than a technical reform, the bill reflects a political stance on monetary sovereignty. Opposing the introduction of a central bank digital currency (CBDC), viewed as a threat to individual freedoms, Ciotti favors an open, decentralized model. His proposal supports private or hybrid euro-backed stablecoins, provided they are properly regulated.
The initiative draws inspiration from international precedents — particularly the United States, where similar strategies to accumulate digital reserves are under discussion. France’s proposal positions itself as a bid for strategic independence in an increasingly fragmented and technology-driven global economy.
Domestically, the measure also seeks to leverage national savings toward long-term technological investment. It envisions a fusion of monetary innovation and wealth management, where cryptocurrencies become tools of public interest rather than speculative assets. Tax incentives would help ease the transition for individuals.
Though still a proposal, the Ciotti bill already ignites major debates on Bitcoin’s role in public finance, national savings management, and the redefinition of French monetary sovereignty.
