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Company strengthens bitcoin treasury strategy with $10 million purchase, emphasizing BTC yield as key performance indicator.

(Reuters) -Binance and the U.S. Securities and Exchange Commission have asked a federal judge to stay the regulator's lawsuit against the crypto exchange, according to a court filing, citing the potential impact of a newly launched task force. The motion to request a stay for 60 days marks the first clear effort to retreat from the SEC's previous crypto enforcement under Democratic leadership. In a joint motion filed late Monday, the parties said the SEC's task force, formed last month to work on crypto regulations, may "impact and facilitate the potential resolution of this case".

About 78 companies worldwide have added Bitcoin to their reserves.

Hong Kong's New Capital Investment Entrant Scheme, a visa targeting wealthy migrants, accepts crypto as a means to prove required net worth, a spokesperson confirms.

At the same time, large institutional investors will continue to ratchet up their portfolio allocations to Bitcoin. Right now, institutional investors are allocating about 1% of their portfolios to Bitcoin.

The majority of scams involved gaining access to notable people's social media accounts through social engineering.

Circulating and advertising digital currencies is banned in Russia, although using cryptocurrency for international payments is now legal, as is cryptocurrency mining. "bestchange.ru has been restricted in Russia by Roskomnadzor," the platform said late on Monday in response to a request for comment.