[Bit推 Daily News Highlights] Harvard University holds $117 million in Spot Bitcoin ETF for Q2, exceeding investment in Google's parent company Alphabet; Trump plans to promote Fannie Mae and Freddie Mac IPO within the year, aiming to raise $30 billion;

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[Harvard University holds $117 million in spot Bitcoin ETFs in Q2, surpassing investment in Google's parent company Alphabet]

According to a report from Bitpush, as of the end of the second quarter, Harvard University's investment portfolio held $117 million worth of shares in BlackRock's spot Bitcoin ETF (IBIT). This investment ranked fifth in Harvard's holdings, surpassing its investment in Google's parent company Alphabet (approximately $114 million).

The document shows that Harvard Management Co Inc.'s largest investment is in Microsoft, valued at over $310 million. Besides Harvard, institutional investors' interest in cryptocurrencies continues to grow. The Michigan Retirement System also reported this week that, as of the end of the second quarter, it held nearly $11 million worth of the ARK 21Shares Bitcoin ETF.

[Trump plans to promote Fannie Mae and Freddie Mac IPO within the year, aiming to raise $30 billion]

According to reports from Bitpush and The Wall Street Journal, Trump is preparing to promote the initial public offerings (IPOs) of Fannie Mae and Freddie Mac within 2025, aiming to raise $30 billion, with a valuation target of $500 billion, which could become the largest IPO in history.

Trident Digital, a Nasdaq-listed company, plans to raise $500 million to establish a corporate XRP reserve.

According to BitPush news, Nasdaq-listed company Trident Digital Tech Holdings (TDTH) announced today that it plans to apply for stablecoin operating licenses in several African countries to promote the application of RLUSD in the African market. The company also plans to raise $500 million to establish an enterprise XRP reserve, strengthening integration with the Ripple ecosystem.

The company is currently in preliminary discussions with regulatory authorities and financial institutions in various countries, and plans to begin phased deployment in pilot countries by mid-2026.

[Trump Confirms He Will Meet With Putin Soon]

According to Bitpush news, U.S. President Trump announced on Friday local time that he will soon meet with Russian President Putin, and the location of the meeting will be announced shortly. "I will meet with President Putin soon. It was supposed to be earlier, but unfortunately, I think people need to make security arrangements."

The SPAC listing plan led by Joe McCann for the Solana treasury company has been terminated

According to a report by Blockworks, the plan for the Solana digital asset treasury company led by Joe McCann to go public through a SPAC has been halted. The company had originally planned to raise up to $1.5 billion by merging with Gores Holdings X's SPAC, with McCann serving as co-founder and CEO. Sources indicate that the reason for the current cancellation of the deal has not been disclosed, and they may seek other paths to go public in the future. Previously, McCann's hedge fund Asymmetric had LP disclosures showing a loss of nearly 80% this year.

According to previous reports, the new Solana treasury company Accelerate plans to raise $1.5 billion, and Joe McCann will serve as CEO.

[Bitwise CIO: The configuration of encrypted 401(k) will fundamentally change the market, resulting in higher returns and lower volatility]

According to the information from Bitpush, data from the American Investment Company Association and the Federal Reserve shows that by the first quarter of 2025, the total retirement assets in the United States will reach $43.4 trillion. Fixed contribution plans (including $8.7 trillion from the 401(k) plan) account for over $12 trillion.

Bitwise Chief Investment Officer Matt Hougan stated that this change could transform the cryptocurrency market by introducing a slow, stable, and consistent pension investment mechanism. The result would be higher returns and lower volatility.

Michael Heinrich, co-founder and CEO of 0G Labs, reminded that if this decree is implemented well, it could release trillions of dollars in retirement funds for Bitcoin and other compliant assets. If done poorly, it could trigger political and financial backlash. Details such as which tokens qualify, how custody will be handled, and what protective measures will be taken are crucial.