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A whale closed a long ETH position worth $15.53 million with a stop-loss, incurring a loss of $616,000.
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Florida 2026 Reboot of Cryptocurrency Strategic Reserve Act
ChainCatcher reports that, according to CoinDesk, Florida lawmakers are reintroducing legislation to include digital assets on the state government’s balance sheet. After the related proposal was blocked, they are once again proposing to establish a cryptocurrency reserve plan led by the state government.
The bill was submitted by Republican Congressman John Snyder on January 7 for the 2026 legislative session. House Bill 1039 (HB 1039) aims to establish a “Strategic Cryptocurrency Reserve Fund” independent of the state financial system and authorizes Florida’s Chief Financial Officer (CFO) to manage crypto asset investments within a set risk control framework.