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Florida Legislative Proposal Aims to Allow State Government Funds and Pension Funds to Allocate to Bitcoin and Related ETFs

2025.10.17 09:00:24

On October 17th, as per The Block, Florida legislators have launched the 2026 legislative session and have proposed including Bitcoin in the state's asset allocation. House Bill 183, submitted to the Florida House of Representatives, would permit the state's Chief Financial Officer to invest up to 10% of designated public funds (such as the general revenue fund, budget stabilization fund, and various trust funds) in "digital assets" and exchange-traded products. It is reported that the bill defines digital assets to encompass Bitcoin, tokenized securities, and NFTs, and sets out strict custody requirements: the assets can be held by the Chief Financial Officer, a qualified custodian, or an ETF registered with the SEC. Citing the executive order establishing a federal "Strategic Bitcoin Reserve" by the White House in March 2025 as the policy background, the bill positions Bitcoin as a potential store of value for the state's finances and an inflation hedging tool, scheduled to come into effect on July 1, 2026.
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SpaceX completes $60 billion acquisition of Cursor, marking another major strategic step in Elon Musk’s AI expansion.

SpaceX has completed the $60 billion acquisition of AI coding startup Cursor, a key step for Elon Musk to catch up with rivals Anthropic and OpenAI in the AI space. According to regulatory filings, the deal took effect on August 14, two months after SpaceX officially announced the acquisition agreement. The purchase ranks among the largest tech transactions in history, intended to help Musk’s company accelerate development of more advanced AI tools that simplify tasks including coding—a highly profitable segment of the AI market. Musk’s AI venture, now rebranded as SpaceXAI, had limited commercial traction before and went through a series of layoffs and restructuring. Cursor’s AI assistant launched in 2023, designed to help programmers write and debug code more efficiently. It has emerged as one of the fastest-growing startups ever and played a core role in the tech “generative coding” era, when software developers’ demand for tools that can build based on chatbot prompts surged. (Jinshi)

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Netflix: FTX-related series 'The Altruists' set to premiere on November 19

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Monetalis wallet deposits 3.72M $UNI ($13M) to major exchanges via Cumberland in 24 hours

A wallet linked to Monetalis deposited 3.72M $UNI ($13M) into #Binance, #Coinbase, #Bybit, and #OKX through Cumberland over the past 24 hours.

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Market pricing indicates that the probability of the Federal Reserve hiking interest rates more than once by mid-2027 has fallen.

Market pricing shows that the probability of the Federal Reserve raising interest rates more than once before mid-2027 has decreased. (Jinshi)

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SpaceX completes acquisition of Cursor.

SpaceX has completed its acquisition of Cursor, with the merger taking effect on August 14.

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Strategy responds to reports that it may face removal from MSCI indices: Bitcoin does not need MSCI, and neither does Strategy.

Strategy issued a statement responding to the possibility of being removed from MSCI indices, stating: "Digital assets are assets. Index providers should measure the market, not decide which assets companies can hold." The firm added that MSCI’s relevant proposal is inconsistent with the direction of regulators, the market, and its own clients, emphasizing: "Bitcoin does not need MSCI, and neither does Strategy." Earlier reports noted that MSCI is soliciting feedback on a new non-operating company identification methodology, which could result in Strategy and Metaplanet being excluded from the MSCI All Country World Investable Market Index (ACWI IMI). Based on MSCI’s simulation using May 2026 data, Strategy, Metaplanet, and uranium investment firm Yellow Cake would be removed from MSCI ACWI IMI, while entities including SharpLink would be placed on the public watchlist.

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