$AMP's Bitcoin Purchase and Profits 📈💰
Australian pension fund $AMP has bought $27 million worth of Bitcoin, achieving a 60% profit since its purchase at $60,000 per $BTC in May. Senior portfolio manager Steve emphasizes the significance of cryptocurrency.

Growing Institutional Interest 🌐🏛️
Legislative moves in Texas aim to establish Bitcoin reserves, while Vancouver considers becoming a "Bitcoin-friendly city" to enhance city finances. Bitcoin's branding continues to rise with political backing.

Technological Scaling Developments 🚀🔧
Electric Capital reports steady interest in scaling solutions, with approximately 1,200 developers actively improving this area. About 40% of these developers are focused on scaling improvements.

Bitcoin Staking and Investments 💹🔒
The Babylon staking protocol currently has 37,896 $BTC staked, drawing interest in monetizing Bitcoin holdings. Bitwise anticipates more inflows into Bitcoin spot ETFs next year, focusing on political, economic, and technological trends.

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