Tether Converts T‑Bills into Bitcoin with 8,888 BTC Buy, Holdings Top 96k

Florida lawmakers introduced a bill on Jan 9 proposing a state-run Bitcoin reserve to diversify the treasury and hedge against inflation. If passed, the measure would make Florida one of the first U.S. states to hold BTC on its balance sheet.

A near-total internet shutdown in Iran on Jan. 8, 2026 amid anti-government protests threatens local Bitcoin mining operations and could reduce global hash rate and pool connectivity. The outage underscores how geopolitical actions and state-controlled networks can quickly disrupt crypto infrastructure.

Fidelity Digital Assets reports that Bitcoin’s volatility has fallen to its lowest level on record as of Jan. 8, 2026. The shift could reshape trading strategies and derivatives pricing across crypto markets.

Polygon is closing in on a deal to acquire bitcoin ATM provider Coinme for roughly $100–125 million, people familiar with the matter said. The purchase would expand Polygon's on‑ramp and payments reach into Bitcoin infrastructure.

MSCI’s recent index move affecting MicroStrategy triggered outsized flows into equities and crypto, sparking short‑term Bitcoin weakness and higher volatility. The episode highlights how index actions can transmit to BTC through corporate proxies.