Bitcoin Adoption in Full Swing

PLUS: Trump's New Executive Order, Strategic Bitcoin Reserve, MILD - a Bitcoin execution layer designed

Author

Michael Stinson
January 31, 2025

Happy Friday, Maestros!

We’re back with an exciting edition of the Bitcoin Renaissance.

This week, we cover global Bitcoin adoption as US states and nations move to add BTC to reserves, while Trump's executive order positions America to lead in digital assets.

🚀 Something big is coming next week! Maestro is about to drop a game-changing release—stay tuned

PS. Don’t forget to follow us on X here.

🚀 Featured Stories

Texas Lieutenant Governor Dan Patrick has announced plans to establish a Bitcoin reserve for the state as part of his top 40 priority bills for the 2025 legislative session. The proposal aligns with growing efforts by several U.S. states to integrate Bitcoin into financial strategies.

The Czech National Bank (CNB) is considering adding Bitcoin to its foreign exchange reserves as part of a diversification strategy. CNB Governor Aleš Michl will present the proposal at a board meeting on January 30th, potentially involving Bitcoin purchases worth approximately $7.3 billion.

Utah became the second U.S. state after Arizona to clear the Strategic Bitcoin Reserve Bill, with an estimated 11 states exploring the inclusion of Bitcoin in their strategic reserves.

President Trump signed a Digital Asset Executive Order on January 23, 2025, aiming to make the United States the "world capital of artificial intelligence and crypto". The order established the President's Working Group on Digital Asset Markets within the National Economic Council.

💡 Spotlight: Midl

We are excited to introduce Midl, a revolutionary Bitcoin execution layer designed to bring native smart contract functionality to Bitcoin. In this spotlight, we'll explore how Midl is transforming Bitcoin's capabilities without compromising its core principles.

History of Midl

Midl emerged from a fundamental challenge in the Bitcoin ecosystem: while Bitcoin has established itself as a secure and decentralized platform for peer-to-peer transactions, its limited scripting capabilities have restricted the development of complex decentralized applications (dApps) directly on its network. This gap between Bitcoin's potential and its practical applications inspired the creation of Midl.

Unlike existing solutions that require users to bridge their assets or leave the Bitcoin network entirely, Midl was designed to provide a truly native experience for Bitcoin users, allowing them to interact with smart contracts using their existing Bitcoin wallets.

Midl Key Features

  • No bridging required: Execute smart contract transactions natively on Bitcoin—no bridging, no extra steps.

  • Faster transactions: Requires just one Bitcoin block confirmation instead of six.

  • Native dApps on Bitcoin: Run staking, AMMs, GameFi, and SocialFi directly on Bitcoin with an EVM-like experience.

  • Cross-chain interoperability: Seamless asset transfers and dApp interactions with EVM-compatible chains.

  • User-friendly: Works with existing Bitcoin wallets for a familiar experience.

  • Efficient scaling: Batch multiple EVM transactions into one BTC transaction, cutting fees and boosting speed.

Midl Recent News

Midl has been actively developing its platform with a focus on key DeFi applications. The team has announced several core applications including:

  • A native swap platform for Ordinals and Runes trading

  • A lending protocol enabling Bitcoin users to borrow and lend assets

  • A stablecoin issuance system operating directly on Bitcoin

The Future

Midl is positioned to solve a trillion-dollar liquidity problem by enabling fast, secure, and native DeFi interactions on Bitcoin. By unlocking Bitcoin's utility as a smart contract platform while maintaining its security and decentralization, Midl aims to bridge the gap between Bitcoin's store of value proposition and the world of decentralized finance.

Learn more about Midl here: https://midl.xyz/

📣 Trending on X

BlackRock's spot Bitcoin ETF acquired 3,047 BTC today—over six times the 450 BTC mined by miners.

The world's largest stablecoin, Tether, is now issuing its stablecoin on the Bitcoin Lightning Network

Former U.S. Senator Bob Menendez, who opposed El Salvador’s Bitcoin adoption, gets 11 years for accepting bribes in gold and cash.

Kraken, which was forced to shutter its staking products in early 2023 thanks to the SEC, has re-introduced on-chain staking for U.S. clients in 39 state territories.