Welcome to OLE777 – Asia 1st Multiplatform Crypto Gaming in the Daily Crypto section. Recent developments in the crypto industry highlight its growing significance: Coinbase’s partnership with the Canadian Football League (CFL) and its report on AI technology will lead to increased reliance on crypto for transactions. Meanwhile, Bhutan has made headlines by gathering 13,380 BTC, now valued at approximately $905 million.

Coibase Become The Official Partner of the Canadian Football League

Coinbase has become the official partner of the Canadian Football League (CFL) and will sponsor the 111th Grey Cup, including the popular coin toss during the November event in Vancouver. This partnership aims to bring cryptocurrency closer to CFL fans, as Canada’s crypto adoption grows with an estimated 5 million Canadians involved.

Coinbase Canada CEO Lucas Matheson expressed excitement over the partnership, stating that it will help Canadians engage more with the digital economy. 

As part of the collaboration, CFL fans who make their first trade on Coinbase will receive $25 in Bitcoin, and additional promotions include QR codes for a chance to win Bitcoin prizes, tickets, or a $50,000 Bitcoin prize plus a trip to the 112th Grey Cup in 2024.

Coinbase also expanded its partnership with German football club Borussia Dortmund, featuring its branding at the iconic Signal Iduna Park stadium.

Coinbase Report: AI Agen Will Drive The Economy

Coinbase’s new report explores how AI and crypto intersect, predicting that human users and AI agents will rely on crypto for transactions. 

As AI tech advances, autonomous agents could drive much of the economy, with crypto serving as a key payment method in the emerging “Agentic Web”—a future digital space dominated by AI interactions.

The analysis suggests crypto’s borderless, efficient, and programmable nature makes it ideal for real-time economic exchanges. This includes microtransactions and decentralized computing payments. As AI agents gain autonomy, self-custody wallets and stablecoins will allow seamless transactions between agents and humans, enabling a decentralized economy.

Moreover, AI-driven software and smart contracts could streamline on-chain applications, making decentralized apps more user-focused and efficient. This integration of AI and crypto marks a significant shift toward a decentralized digital economy.

Bhutan Holdings 13,380 BTC

Bhutan, a Buddhist nation in South Asia, has quietly increased its Bitcoin holdings to 13,380 BTC, now valued at $905 million. Recently, it bought an additional 3.33 BTC (worth $225,000) and received 7.337 BTC (valued at $497,000) as mining rewards. 

Bhutan’s use of its vast hydropower for Bitcoin mining was highlighted by Lyn Alden of Lyn Alden Investment Strategy, who noted Bhutan’s unique approach to “stacking Bitcoin at the sovereign level.”

Bhutan began mining Bitcoin in 2019 through its sovereign investment arm, Druk Holding & Investments, when Bitcoin was worth around $5,000. 

The country’s abundant hydropower contributes to 30% of its GDP and provides a sustainable way to expand its Bitcoin reserve. Bhutan’s strategy sets an example for neighboring countries like India, which is also seeing a growing interest in cryptocurrency despite regulatory challenges.