GuShiio.com’s daily selection of crypto news- Vaneck analyst: 20 U.S. states plan to push Bitcoin reserve bill, which may drive US$23 billion in buying

1.Vaneck analyst: 20 states plan to introduce a bitcoin reserve bill, which may lead to a $23 billion purchase
According to Matthew Sigel, an analyst at Vaneck, 20 states are pushing for bills on bitcoin reserves, which, if passed, are expected to push $23 billion into the bitcoin market, equivalent to about 247000 BTC. The study covers state reserve funds, pension plans and other state investment mechanisms, some of which propose to use state budget surpluses, stabilization funds and land funds to invest in bitcoin.
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2.Arthur Hayes article: Memecoin is the most effective form of political advertising
The Arthur Hayes article points out that Memecoin is the most effective form of political advertising because they can be promoted as viral digital word-of-mouth. In the US, at least, the 2026 election will see a slew of new personal political brands created through memecoin that will defeat incumbents who are said to be invincible. If cryptocurrency sentiment improves, TRUMP will lead Bitcoin. If politicians believe that certain policies will have a positive impact on cryptocurrencies, TRUMP will rise sharply before the good news is announced, and Bitcoin will follow, putting TRUMP on the watch list of cryptocurrencies. If I see it soar or fall rapidly, then I know something is happening.
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3.Vitalik: increasing the L1 capacity of Yi Tai Fong by 10 times is very important for long-term ecology.
Vitalik published an article pointing out that although layer 2 network (L2) plays a dominant role in Ethernet Fang ecology, increasing the gas capacity of layer 1 network (L1) by about 10 times has important long-term value, which makes short-term L1 capacity expansion reasonable in the next 1-2 years. This paper describes through a number of application scenarios: L1 expansion can enhance L2’s anti-censorship ability; across L2 asset transfer, L2 large-scale exit, issuing ERC20 tokens on L1, key storage wallet operation and L2 certificate submission and other scenarios, L1 capacity needs to be increased to ensure smooth operation, reasonable cost and security.
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4. Bank of Montreal of Canada (BMO) invests $150 million in Bitcoin ETF
Bank of Montreal (BMO), Canada’s third-largest bank by assets, has invested $150 million in bitcoin ETF, according to filings with the Securities and Exchange Commission (SEC). BMO’s biggest purchase, $139 million, invested in BlackRock’s iShares bitcoin ETF, as well as bitcoin ETF from ARK 21Shares, Fidelity and Grayscale.
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5.Coinbase beat expectations in the fourth quarter of 2024, up 88 per cent from the previous quarter
Coinbase’s revenue in the fourth quarter of 2024 was $2.3 billion, exceeding expectations of $1.87 billion, up 88% from a month earlier; trading revenue was $1.6 billion, up 172% from a month earlier; and trading volume reached $439 billion. Revenue from subscriptions and services was $641 million, up 15 per cent from a month earlier. Operating expenses were $1.2 billion, a month-on-month increase of 19%. Net income was $1.3 billion, including unrealized gains on a $476 million portfolio of encrypted assets. Earnings per share (EPS) was $4.68.
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