Crypto Compass by BitcoinWalletSG #120

Kevin O’Leary: Institutions Are Focused on Bitcoin, Not Ethereum 🏢

Shark Tank investor Kevin O’Leary stated that major institutions are avoiding Ethereum due to regulatory uncertainty, especially concerns about it being classified as a security. In contrast, Bitcoin remains the top choice for institutional investors because of its clarity and regulatory acceptance as a commodity. O’Leary emphasized that Bitcoin is currently “the only game in town” for big players looking to enter the crypto space.

Ethereum’s Pectra Upgrade: What It Means 🛠️

Ethereum’s upcoming Pectra upgrade, set for May 7, introduces key enhancements like reduced transaction costs, faster settlement, and improved developer tooling. The upgrade is designed to boost Layer-2 scalability and efficiency, making Ethereum more business-friendly. Analysts expect it to strengthen Ethereum’s position as the leading smart contract platform.

UK Unveils Pro-Crypto Framework to Boost Industry Growth 📜

The UK has introduced a new regulatory framework aimed at fostering crypto innovation while ensuring consumer protection. The plan includes clearer rules for exchanges and stablecoins, positioning the UK as a potential global crypto hub. Industry leaders praised the move as a major step toward legitimacy and long-term growth.

Strategy Posts Fourth Straight Loss 📉

Strategy (formerly MicroStrategy) reported its fourth consecutive quarterly loss, driven by Bitcoin market volatility. Despite the setback, the company deepened its Bitcoin focus, rebranding efforts, and announced plans to raise funds for further BTC acquisitions, reinforcing its long-term crypto conviction.