Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Nexo’s return to the U.S. after a hiatus, and the latest on Celsius founder Alex Mashinsky’s trial. Strategy buys more Bitcoin Nexo returns to the US Regulations and prosecutions…

• #bitcoin

Shiba Inu's inflows rapidly declining with lack of market traction

Have you ever wondered what separates a coin that skyrockets from one that fizzles out? With blockchain evolving faster than ever and fresh innovations popping up across Web3, picking the best tokens to buy in 2025 feels like navigating a maze. But those paying attention know that timing and tech make all the difference. Right [...] The post Top Analysts Reveal the 5 Best Tokens to Buy in 2025 With Massive Upside Potential appeared first on Blockonomi.

The bill has to secure support from at least seven State Democrats

Bitcoin reached highs of $97,948 before declining

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  Vitalik warned that Ethereum's growing complexity may threaten decentralization; Pectra upgrade triggers key debate. ETH whales showed mixed strategies as price stagnates, reflecting unThe post Ethereum’s Pectra upgrade: Buterin says THIS is its biggest threat! appeared first on AMBCrypto.

Binance has signed a memorandum of understanding (MOU) with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country.The MoU was formalized during the inaugural meeting of the Council for the Development of Digital Assets, attended by Kyrgyz President Sadyr Japarov, the exchange said in a May 4 press release.As part of the agreement, Binance will introduce Binance Pay to Kyrgyzstan, enabling crypto-based transactions for visitors and residents.The partnership also focuses on educational collaboration. Binance Academy will work with Kyrgyz government agencies and financial institutions to develop blockchain-focused learning programs.“Binance is excited to partner with the National Agency for Investments of the Kyrgyz Republic to drive forward the development of crypto-assets in the region,” Kyrylo Khomiakov, Binance’s regional head for Central and Eastern Europe, said.On April 4, former Binance CEO Changpeng “CZ” Zhao said he would begin advising Kyrgyzstan on blockchain and crypto-related regulation after signing an MOU with the country’s foreign investment agency.Source: CZRelated: Ex-Binance CEO chides Europe over crypto adoptionKyrgyzstan president signs CBDC lawDespite its growing interest in crypto and digital assets, Kyrgyzstan has also revealed intentions to launch a central bank digital currency (CBDC).On April 18, President Japarov signed a constitutional law authorizing the launch of a CBDC pilot project while also giving the “digital som” legal tender status.Notably, Kyrgyzstan has a track record in cryptocurrency mining. The country’s abundant hydroelectric resources have made it an attractive location for crypto miners seeking low-cost energy.Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been tapped, according to a report by the International Energy Agency.Related: CBDCs ‘costly fiat copy’, not fintech success so far: Ex-Binance execBinance expands collaborations with governmentsBinance’s new partnership with the Kyrgyz government comes as the exchange has recently expanded its collaborations with governments worldwide, aiming to strengthen its global presence and influence in the cryptocurrency sector.In an April 17 interview, CEO Richard Teng said the exchange has been advising multiple governments on establishing strategic Bitcoin reserves and formulating crypto asset regulations.“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng said.On April 7, former CZ was appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets. Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

Specialization of a new class of blockchains is already reshaping the blockchain technology industry’s trajectory

29,532,534 XRP lands on Coinbase in major crypto move

Bitcoin is trading above the $95,000 level as bullish momentum builds and the market looks poised for a potential breakout. After weeks of strong price action, bulls are now aiming to reclaim the $100,000 mark, a key psychological and technical milestone that could trigger further upside. Analysts are increasingly optimistic as selling pressure fades and […]

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Deribit, the world’s largest cryptocurrency options exchange with $1.3 trillion in trades last year, is considering entering the U.S. market, encouraged by President Donald Trump’s promise to make the country the global hub for digital assets like bitcoin, the FT reported. The Dubai-based company joins firms like OKX and Nexo in targeting the US after […]

Bitcoiners have pounced on Warren Buffett's nonchalant US dollar warning

• #bitcoin

Fartcoin dropped 6.93% after a 550% rally, triggering caution among traders. Social mentions and dominance plummeted, weakening the memecoin’s viral momentum. Fartcoin [FARTCOIN] has recorThe post FARTCOIN’s rally sees warning signs! - Why are traders pulling back? appeared first on AMBCrypto.

Trader who turned $500 into $250k with Solana is now betting big on Codename:Pepe — an AI-powered memecoin with a unique vision. #partnercontent

During Berkshire Hathaway’s 2025 annual shareholder meeting, Buffett criticized the Trump administration’s America First trade policies, suggesting that tariffs could be perceived as acts of war. He warned that continuing down this path could be dangerous in a world filled with nuclear weapons. Warren Buffett Directs Criticism at Trump’s Tariffs in a Nuclear World Warren […]

Analyzing how a $500 bet on XYZVerse in presale could grow if the project’s ambitious roadmap and listing plans play out in a favorable market. #partnercontent

A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form.The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico.Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed.” They warned they would not support a procedural vote to advance the legislation unless changes are made.Among the signatories were Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester and Andy Kim — all of whom had previously backed the bill when it passed through the Senate Banking Committee in March.The bill, introduced by Senator Bill Hagerty, is formally known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.Related: Fed’s Powell reasserts support for stablecoin legislationSenate prepares to vote on stablecoin billThe Senate is expected to begin floor consideration of the bill in the coming days, with the first vote potentially taking place next week.The bill has been championed by the crypto industry as a landmark step toward regulatory clarity. However, the Democrats’ about-face reflects growing unease within the party.Although revisions were made to the bill after its committee approval to address Democratic concerns, the lawmakers said the changes fell short. They called for stronger safeguards related to Anti-Money Laundering, national security, foreign issuers, and accountability measures for noncompliant actors.The statement was also signed by Senators Raphael Warnock, Catherine Cortez Masto, Ben Ray Luján, John Hickenlooper and Adam Schiff.A copy of the statement. Source: Alex ThornSenator Kirsten Gillibrand and Senator Angela Alsobrooks were absent from the list, who co-sponsored the bill alongside Hagerty.Despite their objections, the Democratic senators emphasized their commitment to shaping responsible crypto regulation. They reportedly said they “are eager to continue working with our colleagues to address these issues.”Related: US banks are ‘free to begin supporting Bitcoin’Crypto needs a stablecoin billOn April 27, Caitlin Long, founder and CEO of Custodia Bank, criticized the US Federal Reserve for quietly maintaining a key anti-crypto policy that favors big-bank-issued stablecoins, despite relaxing crypto partnership rules for banks.Long explained that while the Fed recently rescinded four prior crypto guidelines, a Jan. 27, 2023, statement was left intact in coordination with the Biden administration.The guidance, according to Long, blocks banks from engaging directly with crypto assets and prohibits them from issuing stablecoins on permissionless blockchains.However, Long noted that once a federal stablecoin bill becomes law, it could override the Fed’s stance. “Congress should hurry up,” she urged.Magazine: Financial nihilism in crypto is over — It’s time to dream big again

Sonic gained 24% monthly and 1.20% daily, maintaining bullish momentum overall. Sonic’s on-chain strength contrasts bearish trader behavior, creating a split in market outlook. Sonic [S] rThe post Decoding Sonic's 24% monthly rally – What every investor needs to know appeared first on AMBCrypto.

Nassim Nicholas Taleb continues to stand by his Bitcoin criticism

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With XRP stabilizing around $2.20, investors are eyeing cloud mining platforms like Winner Mining as a new gateway to passive crypto income. #sponsored

Ethereum co-founder Vitalik Buterin announced on May 3, 2025, a five-year plan to simplify Ethereum’s protocol, calling the Bitcoin network “beautifully simple” in his blog post “Simplifying the L1,” as he aims to make Ethereum easier to understand and more secure for users holding bitcoin and other cryptocurrencies. Buterin proposed a simpler consensus system with […]

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  The EU plans to ban anonymous cryptocurrencies and unidentified crypto accounts under the 2027 AMLR enforcement. CASPs, not miners or validators, must report crypto market abuse under MThe post EU's crypto crackdown: 40 firms to face scrutiny by 2027 - Details appeared first on AMBCrypto.

Ethereum has once again proven its resilience, bouncing strongly off a long-term ascending support trendline that has consistently sparked major rallies in the past. This ascending trendline signals renewed confidence from buyers each time it’s tested. The latest rebound, taking place with visible strength, suggests that Ethereum may be gearing up for another powerful move […]

Unfair trading practices like MEV, slippage, and front-running have long plagued decentralized exchanges, eroding both profits and the core principles of fairness. David Wells suggests that traders can spot these problems by watching for unusually high slippage, trade executions at worse-than-expected prices, and the “sandwiching” of transactions. Watch Out for MEV, Front-Running, Traders Told For […]

Bitcoiners and US government officials have criticized Arizona Governor Katie Hobbs’s decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves.“This will age poorly,” Casa co-founder and cypherpunk Jameson Lopp said in a May 3 X post. Bitcoin (BTC) entrepreneur Anthony Pompliano said, “Imagine the ignorance of a politician to believe they can make investment decisions.”Call for government officials who understand Bitcoin is “the future”“If she can’t outperform Bitcoin, she must buy it,” Pompliano said. Crypto lawyer Andrew Gordon said, “We need more elected officials who understand that Bitcoin and crypto are the future.”Source: Julian FahrerWendy Rogers, who co-sponsored the bill with State Representative Jeff Weninger, also voiced her disappointment.“Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin,” Rogers said.On May 2, Hobbs vetoed the Arizona Strategic Bitcoin Reserve Act, which would have permitted Arizona to invest seized funds into Bitcoin and create a reserve managed by state officials. “Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs said.Source: Dr. DanishRogers said she would refile the bill during her next session. Rogers also pointed out that Arizona’s state retirement system already holds stocks of Michael Saylor’s Strategy (MSTR).“Which is basically a leveraged Bitcoin ETF. Arizona’s Strategic Bitcoin Reserve bill will be back. HODL,” Rogers said. The stock price of Strategy rose 32% in April, the most significant monthly gain since November 2024.Related: US gov’t actions give clue about upcoming crypto regulationWell-known crypto skeptic Peter Schiff sided with Hobbs. “The government should not be making decisions to use public funds to speculate in cryptocurrencies,” Schiff said.Arizona would have become the first US state to establish a Bitcoin Strategic Reserve if it had passed.Arizona joins several other US states where similar efforts have failed. Similar proposals in Oklahoma, Montana, South Dakota and Wyoming have stalled or been withdrawn recently.Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

• #bitcoin
• #vechain

BNB Chain fired back with the Lorentz hard fork, flipping the switch on a wave of performance upgrades. For investors, the rewards are getting juicier. The race for the Layer 1 crown is offiThe post Ethereum vs. BNB: Who will lead the Layer 1 battle in 2025? appeared first on AMBCrypto.

The volatile nature of cryptocurrencies implies that early-stage investments often come with both high risks and high potential rewards. Investors who identify promising projects early can realize expThe post How a $500 early investment in XYZVerse ($XYZ) could play out appeared first on AMBCrypto.

Concordium CEO Boris Bohrer-Bilowitzki warns that excessive dollar dependence could lead to systemic instability, stressing the need for multi-currency diversification. He envisions stablecoins playing a key role in payment finance (PayFi), offering instant settlements, lower fees, and programmability. Stablecoin Concentration Around a Single Currency Presents Risks The stablecoin market has been overwhelmingly dominated by USD-pegged […]

Shiba Inu faced heavy sell pressure as whales offloaded 359 billion tokens in a single day. SHIB saw broad-based selling as all market cohorts rushed to exit positions. As Shiba Inu [SHIB] sThe post Shiba Inu's widespread dumping from 2 key groups - Sell pressure rising? appeared first on AMBCrypto.

BRICS nations are turbocharging their break from Western-dominated finance, advancing local currency trade, cross-border payment systems, and groundbreaking investment platforms to empower the Global South. BRICS Ministers Push Local Currencies, Cross-Border Payment Plan, and New Investment Platforms Foreign ministers from the BRICS countries highlighted their commitment to shifting away from reliance on dominant global currencies […]

CEO and Co-founder of crypto education media firm Coinbureau, Nic Puckrin has shared a “realistic” take on the altseason. The former TradFi entrepreneur and prominent digital asset advocate has highlighted three necessary conditions to usher in an altseason. Related Reading: Bitcoin Escapes Tight Range After Week Of Compression – Next Stop $100K? Altseason Still On […]

OKX founder and CEO Star Xu has publicly defended the crypto exchange after Tron founder Justin Sun accused it of failing to act on a law enforcement request to freeze stolen funds following a recent hack of Tron’s official X account.“OKX also has consumers protection policy according to law, we can’t freeze a customer’s funds according to your personal X post or an oral communication. I think you should understand it as the CEO of HTX,” Xu said in an X post.OKX says there is no communication in the spam box, eitherXu said that the crypto exchange had not received any related correspondence through OKX’s official channels. “Our LE cooperation team just checked the email, including the spam box; we haven’t received any request related with this case,” Xu said.Source: Star XuSun had earlier claimed that OKX has not responded to a “freeze notice” sent to its official email address from a “relevant law enforcement agency” to freeze the stolen funds. Sun said that he had no other way to contact OKX’s compliance department.“These stolen funds do not belong to me; I’m acting to protect the community,” Sun said. Several of Sun’s X posts related to the matter are now no longer visible, but Xu had already shared screenshots and called him out, saying, “Thanks for deleting all confusing public communications,” while reiterating that OKX has yet to receive any official enforcement request.On May 3, Tron DAO told its 1.7 million X followers that its account had been compromised. Tron explained that during the breach, an unauthorized party posted a malicious contract address, sent direct messages, and followed unfamiliar accounts.“If you received a DM from our account on May 2, please delete it and consider it the work of the attacker.”In response to Sun’s claims of inaction, Xu publicly called on him to provide a screenshot showing when and where the law enforcement request was made.The Tron incident is one of several recent security breaches involving high-profile crypto accounts on X.Related: Over 14,500 Tron addresses at risk of silent hijackingKaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide market analysis for users, and its founder, Yu Hu, were the victims of an X social media hack on March 15. The hackers opened up a short position on KAITO tokens before posting that the Kaito wallets were compromised and advised users that their funds were not safe.The Pump.fun X account was compromised on Feb. 26 to promote a fake governance token called “PUMP” and other fraudulent coins.Meanwhile, the X account of UK member of Parliament and Leader of the House of Commons, Lucy Powell, was hacked to promote a scam crypto token.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

OKX founder and CEO Star Xu has publicly defended the crypto exchange after Tron founder Justin Sun accused it of failing to act on a law enforcement request to freeze stolen funds following a recent hack of Tron’s official X account.“OKX also has consumers protection policy according to law, we can’t freeze a customer’s funds according to your personal X post or an oral communication. I think you should understand it as the CEO of HTX,” Xu said in an X post.OKX says there is no communication in the spam box, eitherXu said that the crypto exchange had not received any related correspondence through OKX’s official channels. “Our LE cooperation team just checked the email, including the spam box; we haven’t received any request related with this case,” Xu said.Source: Star XuSun had earlier claimed that OKX has not responded to a “freeze notice” sent to its official email address from a “relevant law enforcement agency” to freeze the stolen funds. Sun said that he had no other way to contact OKX’s compliance department.“These stolen funds do not belong to me; I’m acting to protect the community,” Sun said. Several of Sun’s X posts related to the matter are now no longer visible, but Xu had already shared screenshots and called him out, saying, “Thanks for deleting all confusing public communications,” while reiterating that OKX has yet to receive any official enforcement request.On May 3, Tron DAO told its 1.7 million X followers that its account had been compromised. Tron explained that during the breach, an unauthorized party posted a malicious contract address, sent direct messages, and followed unfamiliar accounts.“If you received a DM from our account on May 2, please delete it and consider it the work of the attacker.”In response to Sun’s claims of inaction, Xu publicly called on him to provide a screenshot showing when and where the law enforcement request was made.The Tron incident is one of several recent security breaches involving high-profile crypto accounts on X.Related: Over 14,500 Tron addresses at risk of silent hijackingKaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide market analysis for users, and its founder, Yu Hu, were the victims of an X social media hack on March 15. The hackers opened up a short position on KAITO tokens before posting that the Kaito wallets were compromised and advised users that their funds were not safe.The Pump.fun X account was compromised on Feb. 26 to promote a fake governance token called “PUMP” and other fraudulent coins.Meanwhile, the X account of UK member of Parliament and Leader of the House of Commons, Lucy Powell, was hacked to promote a scam crypto token.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

Bitcoin is gearing up to outshine gold as Fidelity’s latest analysis highlights a pivotal shift in performance momentum, signaling a new era for digital store-of-value dominance. Fidelity Signals Bitcoin May Soon Take the Baton From Gold Fidelity Investments’ director of global macro, Jurrien Timmer, offered a comprehensive take on the dynamic between bitcoin and gold […]

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The XRP price is showing signs of a strong comeback, according to a new technical analysis by TradingView crypto analyst ‘The Signalyst.’ The cryptocurrency is trading within a rising channel and quickly approaching a key support zone—a setup that indicates that bulls may be preparing for a higher leg up.  XRP Price Gets Back In […]

Bitcoin tested $96.5K, a key resistance level that may trigger further upside if broken. Open Interest surged, reflecting renewed market participation without signs of excessive leverage builduThe post Bitcoin's recovery on track! THIS signals BTC's potential for $100K breakout appeared first on AMBCrypto.

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Crypto is set to devour traditional finance as Coinbase sharpens its focus on decentralized systems, driving a seismic shift in how global financial services are built. Armstrong Says Crypto Will Eat Finance—Coinbase’s Strategy Just Got Clearer Brian Armstrong, chief executive officer of crypto exchange Coinbase (Nasdaq: COIN), reinforced the company’s long-term vision for the industry […]

Meme coins are again dominating crypto conversations, and 2025 is shaping up to be another gold rush for early investors. From viral humor to rebellious satire, these coins capture attention across Telegram, X, and TikTok. Troller Cat ($TCAT) leads the pack, whose highly anticipated presale launches May 2, 2025, at 6 PM UTC, with whispers [...] The post Best Meme Coins to Invest in May 2025: Mubarak, Fartboy, and the Cat with a Massive Upside Potential appeared first on Blockonomi.

Bitcoin is barreling toward $100K in the coming weeks as explosive momentum, soaring liquidity, and a decisive breakout converge to supercharge the bullish Q2 setup. Bitcoin Eyes $100K in Weeks—Strategist Maps Bullish BTC Setup Through Q2 Matt Mena, crypto research strategist at asset management firm 21Shares, commented Friday on the surprising strength of April’s U.S. […]

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Institutional ETH inflows stall again, echoing conditions preceding past sharp price declines. Strong retail buying, especially from U.S. traders, could trigger a rally despite bearish institutThe post Ethereum at a crossroads: Stalling ETF demand vs. retail investors push appeared first on AMBCrypto.

Arizona’s chance to pioneer crypto-driven public finance was abruptly halted as the governor axed a game-changing bill that would’ve let state retirement funds buy bitcoin. Arizona Governor Kills Bitcoin Bill for Public Crypto Investment Arizona Governor Katie Hobbs vetoed Senate Bill 1025 on May 2, blocking a legislative proposal that would have allowed public funds—including […]

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Market prices of Bitcoin (BTC) rebounded as high as $96,000 to mark a bullish end to April and the potential start to a price uptrend. However, despite breaking key resistances, BTC is yet to return to the present market peak price, which would ultimately confirm the resumption of the bull market.  Interestingly, crypto analyst Rekt […]

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Lately, Bitcoin developers have found themselves entrenched in a fervent dispute over a proposal to eliminate the long-standing 80-byte constraint imposed on the OP_RETURN function. As this technical standoff intensifies, the alternative Bitcoin client known as Bitcoin Knots witnessed a notable climb in node adoption. OP_RETURN Controversy Drives Surge in Bitcoin Knots Adoption The proposal, […]

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Buffett's leadership transition and openness to currency diversification signal a strategic shift, impacting global investment dynamics. The post Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century appeared first on Crypto Briefing.

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AERGO crypto broke out of a falling wedge pattern that had confined the price in the last week. Price attempted to break above $0.211, which could result in a move towards $0.25, $0.336, and evThe post AERGO'S 30% surge stuns the market – But will profit takers spoil the party? appeared first on AMBCrypto.

Tokenized gold carries several benefits over other forms of paper gold, including gold exchange-traded funds (ETFs), according to Melissa Song and Dustin Becker, representatives of Gold DAO, a decentralized autonomous organization that facilitates investor access to tokenized gold.In an interview with Cointelegraph, the DAO representatives outlined three major benefits unique to tokenized gold, including 1:1 redeemability for a specific quantity of physical, serialized gold, usage as collateral in decentralized finance (DeFi) applications, and transactional efficiency through on-demand liquidity."When you buy an ETF, you are betting on the gold price going up, but you do not own any specific gold bar," Song told Cointelegraph.The pair added that the price of gold surged in 2025 due to the current macroeconomic uncertainty, the high level of US government debt, and geopolitical tensions that are reshaping the global monetary order.Gold’s price hits all-time highs against the US dollar. Source: TradingViewRelated: Geopolitical tensions fuel central bank shift toward gold, crypto — BlackRock execMacroeconomic uncertainty spikes gold prices, leaves USD in doubtGold hit an all-time high of $3,500 per ounce in April 2025 amid the trade tariffs announced by United States President Donald Trump that caused turmoil in risk-on asset markets like stocks and crypto.Traders shifted to gold, cash, and other safe-haven assets to weather the extreme volatility caused by the protectionist trade policies and the counter-response from other countries.This rush to gold also caused gold-backed cryptocurrencies such as Paxos Gold (PAXG) and Tether Gold (XAUT) to spike in price during April 2024.The Volatility S&P Index (VIX) tracks the volatility of the US stock market and surged following Trump’s tariff announcement. Source: TradingViewBitcoin advocate Max Keiser argued that gold-backed tokens will outcompete fiat stablecoins due to the lack of geopolitical risk and inflationary resistance inherent in gold."A stablecoin backed by Gold would out-compete a USD-backed stablecoin in world markets: Russia, China, and Iran should take note," Keiser wrote in a March 22 X post."The United States dollar has no volatility, but you are guaranteed to lose purchasing power," the BTC advocate continued.Gold's current rally could spill over into Bitcoin if investors shift from viewing Bitcoin as a risk asset to more of a store of value in turbulent economic times that is counter-cyclical to the stock market and other speculative investments.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fightThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ethereum’s Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which historically marked the beginning of a massive rebound.ETH price fractal from 2019 hints at bottom The ETH/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC — the exact level it reached in September 2019 before rallying nearly 450% over the following year.ETH/BTC weekly performance chart. Source: TradingViewThe current ETH/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI), long stretches below key moving averages, and multiyear declines.In 2019, ETH/BTC fell over 90% in the prior two years, driven by the ICO collapse. As of 2025, the pair is down over 80% from its 2021 peak, weighed by skepticism over Ethereum’s switch to proof-of-stake (PoS), rising competition, and Bitcoin’s growing dominance as an institutional asset.In response to the growing concerns, Ethereum co-founder Vitalik Buterin has proposed new architecture and protocol-wide standards to make Ethereum simpler, faster, and as maintainable as Bitcoin within five years. Related: Ethereum to simplify crosschain transactions with new token standardsOne analyst called Buterin’s proposal “the most bullish thing for ETH.”The bullish hopes come as ETH/BTC attempts to break free from its multi-year “bearish parabola.” This resistance curve has been instrumental in limiting the pair’s upside attempts since December 2021 but showed signs of exhaustion as of May 3.Edit the caption here or remove the text“We might see an end of this bearish parabola,” wrote chartist Jimie.He noted that if the curved resistance holds, ETH/BTC could drop toward 0.016 BTC — the same level where it bottomed in September 2019 before rallying by roughly 450%.Flush ETH and buy Bitcoin, says Adam BackSkeptics like Bitcoin’s proof-of-work pioneer, Adam Back, argue that Buterin is overlooking deeper design flaws while proposing to simplify Ethereum in the coming years. Back criticizes Ethereum’s account-based system, saying it adds unnecessary complexity compared to Bitcoin’s simpler UTXO (unspent transaction output) model. He argues this growing complexity increases technical risks and makes Ethereum harder to scale and secure.Source: X/Adam BackHe also warns that Ethereum’s shift to PoS has concentrated power among insiders by redirecting miner rewards to large tokenholders.“At this point, just flush ETH before it hits zero and buy Bitcoin,” he wrote, suggesting no upgrade can fix what he views as Ethereum’s flawed foundation.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating expenses instead of selling BTC and losing the upside of an asset that miners expect to surge in price, according to John Glover, chief investment officer at Bitcoin lending firm Ledn.In an interview with Cointelegraph, Glover said that holding onto the BTC carries several benefits including, price appreciation, tax deferment, and the potential to make extra revenue by lending out BTC held in corporate treasuries. The executive added:"If you are mining, you are generating all this Bitcoin. You understand the thesis behind Bitcoin and why it is likely going to continue to appreciate in the future. You do not want to sell any of your Bitcoin."This debt-based approach is similar to companies like Strategy, which issue corporate debt and equity to finance Bitcoin acquisition and profit from the diverging fundamentals of BTC and the fiat currencies the corporate capital raises are denominated in.BTC mining hashprice, a metric used to gauge miner profitability, has collapsed as ever-increasing computing resources are deployed to secure the network. Source: Hashrate IndexBitcoin-backed loans could be a valuable lifeline for miners struggling in the highly competitive industry, which is facing increased pressure due to the ongoing trade tensions brought on by the Trump administration's protectionist trade policies and macroeconomic uncertainty.Related: Riot Platforms secures $100M ‘Bitcoin-backed’ loan from CoinbaseTrade war places even more pressure on beleaguered mining industryThe Bitcoin mining industry is characterized by high competition and capital costs that increase over time as more powerful computing resources are used to mine blocks and secure the network.US President Trump's sweeping trade tariffs have cast a cloud over the already competitive sector, raising fears that import duties will raise the cost of mining equipment, like application-specific integrated circuits (ASICs), to unsustainable levels.Mining firms collectively sold over 40% of their mined supply produced in March 2025 amid the heightened macroeconomic uncertainty and fears that the ongoing trade tensions will cause price increases across the board.According to TheMinerMag, this 40% sell-off marked the reversal of a trend that began post-halving, in April 2024, and represented the highest monthly BTC liquidation among miners since October 2024.Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express

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Warren Buffett, the CEO of publicly traded investment company Berkshire Hathaway, announced at the company's annual shareholder meeting that he will step down by the end of 2025, and his chosen successor will take over as CEO, pending approval from Berkshire's board of directors.According to CNBC, Buffett reiterated that Greg Abel, the company's vice chairman of non-insurance operations, who was previously named by Buffett as his successor, will take over. The Berkshire founder announced:"The time has arrived when Greg should become the Chief executive officer of the company at year-end, and I want to spring that on the directors effectively and give that as my recommendation."Buffett added that he would stay at the company in an advisory role "but the final word would be what Greg decided," the CEO said. Buffett's decision to step down as CEO comes at a time when Berkshire Hathaway is sitting on cash reserves of roughly $348 billion.Buffett speaking at the Berkshire Hathaway annual shareholder conference. Source: CNBCThe legendary stock investor has repeatedly called the growing US national debt unsustainable and issued warnings on the increasingly unstable macroeconomic environment that has taken a toll on the stock market.Related: Galaxy Digital plans Nasdaq listing as crypto stocks post strong reboundBerkshire Hathaway outperforms S&P but is outclassed by BitcoinDespite being renowned for consistently returning roughly double the average performance of the S&P 500 to investors throughout his career, Buffet has failed to outperform Bitcoin (BTC) and gold.Although Berkshire Hathaway's class A common stock carries a price tag of over $809,000, and a market cap of over $1 trillion at the time of this writing, shares of the company have massively underperformed against Bitcoin in percentage terms since 2015.Bitcoin has returned gains of over 781% to investors since 2020, while Berkshire Hathaway only returned approximately 150% over the same period.Bitcoin’s price performance appears in magenta and has outperformed Berkshire Hathaway’s stock in percentage gains. Source: TradingViewBuffett has long been critical of BTC, arguing that the decentralized, supply-capped, digital currency has no value and likened it to a scam on several occasions.The Berkshire founder and his business partner Charlie Munger have repeatedly said that Bitcoin does not even qualify as an investment and should be avoided by traders.Magazine: Bitcoin in Senegal: Why is this African country using BTC?

An early and iconic holder of Ethereum has reemerged, continuing a strategy of gradual profit taking that has stretched over years. For the past 33 hours, a whale wallet that first emerged during the 2015 Ethereum Initial Coin Offering (ICO) has been making the rounds in crypto media by dumping 6,000 ETH onto the open market. This latest move, which involved sending a bunch of ETH to major exchanges, has fueled both speculation and—let’s be honest—some mild panic across the crypto space. The account we are looking at, identified as 0xaDdf8637D7B249d78f78e7966e90C414F4aA3CD1, is no ordinary wallet. It first received 76,000 ETH The post Ethereum’s Original Whale Resurfaces: Another 6,000 ETH Sold as Market Watches Closely appeared first on The Merkle News.

In the fast-changing world of decentralized finance (DeFi), user activity is one of the strongest indicators of growing utility and adoption. Recent data suggest that SonicLabs is quickly becoming a noteworthy player in this space. Active addresses on the SonicLabs network have doubled in the last two weeks, signaling a huge uptick in user engagement and overall ecosystem growth. This growth is part of a larger, broader trend in blockchain, where different networks are seeing increases in user activity. Rates of activity differ, but the overall trend is a very strong interest from users in DeFi ecosystems that are emerging The post SonicLabs Emerges as a Rising Star as Active Users Double in Two Weeks appeared first on The Merkle News.

In the macroeconomic milieu of uncertainty that the cryptocurrency market finds itself in, even the best-laid plans of traders and long-term investors can go awry. Token unlock schedules that were previously in the shadows have been brought into the light; we are now all too aware of the impending unlocks of the very tokens with which we trade and invest. The issue is not really whether the unlocks will happen (they almost certainly will) or even when (most seem set to unlock sometime between now and the end of 2025). The real talk has been about the likely negative impacts The post Token Unlocks Loom Over Top Cryptos: What Investors Need to Know for the Next 6 Months appeared first on The Merkle News.

Cardano (ADA) appears to be regaining bullish momentum after experiencing a sharp correction from recent highs. According to a recent analysis by a TradingView analyst, ADA may be getting ready for another major rally, with potential price targets pointing toward the $1 mark and beyond.  Analyst Sees Cardano Breaking Past The $1 Target On May […]

• #Cardano

A major development for the blockchain and decentralized IoT ecosystem is that the recently listed $AIOT token—backed by the OKZOO project—has seen an explosive price surge of nearly 120% after Binance announced the launch of $AIOT futures contracts on April 25. This dramatic price movement has been drawing attention not just from retail investors but also from the institutional side of the space. Significant figures and just plain smart money seem to be acting on the belief that the $AIOT token will maintain upward momentum. A reported investor spent 1001 BNB—roughly worth $558,000 at the time—to acquire a large position The post OKZOO’s $AIOT Surges 120% Following Binance Contract Launch: Smart Money Sees Massive Gains appeared first on The Merkle News.

The cryptocurrency market has long been known for its volatility. But new data paints a stark picture of just how precarious the industry has become. Since 2021, more than half of all cryptocurrencies listed on GeckoTerminal have failed, with a staggering 3.7 million tokens now considered defunct. These tokens are no longer trading and have effectively been abandoned by both developers and users alike. Recent figures indicate that about 52.7% of nearly 7 million tokens listed since 2021 have failed. Even more alarming is the fact that a huge number of these failures took place in just a couple of The post Crypto Crash: Over Half of All Tokens Listed Since 2021 Have Failed Amid Market Turbulence appeared first on The Merkle News.

The cryptocurrency sector that is driven by artificial intelligence is showing signs of returning to health, with tokens such as $AI16Z and VIRTUAL recovering nicely along with the rest of the market. In the last week, $AI16Z has surged 78%, including a 22% spike in the last 24 hours. This sudden rise has brought the niche within the crypto market that focuses on AI tokens back to life after a near-death experience since early 2023. Nevertheless, not every player in the space has been able to surf this profit-tidal wave. One prominent investor, or “whale,” recently took a big loss The post VIRTUAL and AI16Z Lead the AI Token Rally, but Whale Takes $1.92M Loss Amid Volatile Turnaround appeared first on The Merkle News.

Warren Buffett, the CEO of publicly traded investment company Berkshire Hathaway, announced at the company's annual shareholder meeting that he will step down by the end of 2025, and his chosen successor will take over as CEO, pending approval from Berkshire's board of directors.According to CNBC, Buffett reiterated that Greg Abel, the company's vice chairman of non-insurance operations, who was previously named by Buffett as his successor, will take over. The Berkshire founder announced:"The time has arrived when Greg should become the Chief executive officer of the company at year-end, and I want to spring that on the directors effectively and give that as my recommendation."Buffett added that he would stay at the company in an advisory role "but the final word would be what Greg decided," the CEO said. Buffett's decision to step down as CEO comes at a time when Berkshire Hathaway is sitting on cash reserves of roughly $348 billion.Buffett speaking at the Berkshire Hathaway annual shareholder conference. Source: CNBCThe legendary stock investor has repeatedly called the growing US national debt unsustainable and issued warnings on the increasingly unstable macroeconomic environment that has taken a toll on the stock market.Related: Galaxy Digital plans Nasdaq listing as crypto stocks post strong reboundBerkshire Hathaway outperforms S&P but is outclassed by BitcoinDespite being renowned for consistently returning roughly double the average performance of the S&P 500 to investors throughout his career, Buffet has failed to outperform Bitcoin (BTC) and gold.Although Berkshire Hathaway's class A common stock carries a price tag of over $809,000, and a market cap of over $1 trillion at the time of this writing, shares of the company have massively underperformed against Bitcoin in percentage terms since 2015.Bitcoin has returned gains of over 781% to investors since 2020, while Berkshire Hathaway only returned approximately 150% over the same period.Bitcoin’s price performance appears in magenta and has outperformed Berkshire Hathaway’s stock in percentage gains. Source: TradingViewBuffett has long been critical of BTC, arguing that the decentralized, supply-capped, digital currency has no value and likened it to a scam on several occasions.The Berkshire founder and his business partner Charlie Munger have repeatedly said that Bitcoin does not even qualify as an investment and should be avoided by traders.Magazine: Bitcoin in Senegal: Why is this African country using BTC?

Apple has updated its U.S. App Store guidelines to allow apps to link to external payment systems, a shift welcomed by the crypto community for enabling NFTs, wallets, and decentralized finance (DeFi) platforms to bypass Apple’s fees. Apple’s App Store Rule Change Opens Door for Crypto Transactions via External Links The changes, effective May 2, […]

Bitcoin price resumed its upward trend this week as it crossed the important resistance at $97,000 and reached its highest level since February.  Bitcoin (BTC) was trading around $96,500 at last check Saturday. That’s up 30% from the lowest in…

• #bitcoin

Whale who held firm XRP and several other top cryptocurrencies, including BTC and ETH, has made total profit of $9 million

Cardano price continued to consolidate this week, but the ongoing whale accumulation and its technical pattern points to a rebound. Cardano (ADA), the popular layer-1 network, was trading at $0.70 on Saturday, a level it has remained at in the…

• #Cardano

The price of Bitcoin was somewhat slow in the last days of April before bursting to life again to begin the new month of May. The premier cryptocurrency has since made a return near $98,000, flirting with the highly coveted $100,000 level to kick off the weekend. Since losing the $100,000 price mark in early […]

• #bitcoin

Hyperliquid faces increasing bearish pressure, with long liquidations outweighing shorts. Social sentiment dips, reflecting reduced retail interest in HYPE’s potential. A whale recently deThe post Hyperliquid: Whales, retail exit - Can HYPE find support below $20? appeared first on AMBCrypto.

Bitcoin (BTC) mining firms should hold their mined Bitcoin and use it as collateral for fiat-denominated loans to pay operating expenses instead of selling BTC and losing the upside of an asset that miners expect to surge in price, according to John Glover, chief investment officer at Bitcoin lending firm Ledn.In an interview with Cointelegraph, Glover said that holding onto the BTC carries several benefits including, price appreciation, tax deferment, and the potential to make extra revenue by lending out BTC held in corporate treasuries. The executive added:"If you are mining, you are generating all this Bitcoin. You understand the thesis behind Bitcoin and why it is likely going to continue to appreciate in the future. You do not want to sell any of your Bitcoin."This debt-based approach is similar to companies like Strategy, which issue corporate debt and equity to finance Bitcoin acquisition and profit from the diverging fundamentals of BTC and the fiat currencies the corporate capital raises are denominated in.BTC mining hashprice, a metric used to gauge miner profitability, has collapsed as ever-increasing computing resources are deployed to secure the network. Source: Hashrate IndexBitcoin-backed loans could be a valuable lifeline for miners struggling in the highly competitive industry, which is facing increased pressure due to the ongoing trade tensions brought on by the Trump administration's protectionist trade policies and macroeconomic uncertainty.Related: Riot Platforms secures $100M ‘Bitcoin-backed’ loan from CoinbaseTrade war places even more pressure on beleaguered mining industryThe Bitcoin mining industry is characterized by high competition and capital costs that increase over time as more powerful computing resources are used to mine blocks and secure the network.US President Trump's sweeping trade tariffs have cast a cloud over the already competitive sector, raising fears that import duties will raise the cost of mining equipment, like application-specific integrated circuits (ASICs), to unsustainable levels.Mining firms collectively sold over 40% of their mined supply produced in March 2025 amid the heightened macroeconomic uncertainty and fears that the ongoing trade tensions will cause price increases across the board.According to TheMinerMag, this 40% sell-off marked the reversal of a trend that began post-halving, in April 2024, and represented the highest monthly BTC liquidation among miners since October 2024.Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express

• #bitcoin

XRP and ETH have formed divergent chart patterns, raising the hopes that the former will become the second-biggest cryptocurrency this year.

120-character news lead: As Bitcoin nears ATH, Pepeto gains momentum with utility, lore, and buzz as the next memecoin breakout. #partnercontent

Roughly 40 days ago, Bitcoin.com News disclosed that the Royal Government of Bhutan, via Druk Holding and Investments (DHI), had moved 600 BTC, and at the time, held a balance of 10,070 BTC. Since that report, Bhutanese officials have evidently parted ways with 2,584 BTC—shedding approximately $248 million in digital assets. Bhutan’s Bitcoin Hoard Shrinks […]

• #bitcoin

The price of Shiba Inu (SHIB) has retreated and regained support above the moving average lines, continuing its uptrend.

The NFT market is showing strong recovery with sales volume jumping by 22.43% to $107.1 million. According to data from CryptoSlam, the NFT buyer count has increased by 33.82% to 523,950, while NFT sellers have grown by 20.75% to 269,713.…

Arizona's Bitcoin reserve bill was vetoed despite passing a narrow House vote. North Carolina advances crypto investment legislation amid stalled efforts in other U.S. states. As interest inThe post What caused Arizona’s Bitcoin bill to collapse just as momentum was building? appeared first on AMBCrypto.

• #bitcoin

  You have the opportunity to join the upcoming seismic shift in the crypto world with gaming and Web3 at a time when mainstream success still lies ahead. The current blockchain market has surpassed its focus on following hype. The best investors of today seek crypto projects that offer genuine utility alongside strong essential qualities alongside developed long-term strategies. Let’s look into 5 such crypto projects! 5 Best Cryptos to Buy Now: DexBoss (DEBO) Aureal One (DLUME) Bitcoin (BTC) Celestia (TIA) Sei (SEI) 1. DexBoss (DEBO): Pro-Level Precision in DeFi Simplification The decentralized finance operation DexBoss represents an upcoming innovation The post Best Cryptos to Buy Now: DexBoss and Its Buyback Mechanism- The Secret to Boosting Token Value!! appeared first on The Merkle News.

The week of April 27 to May 3 saw major crypto funding activity, with total investments reaching $104.7 million across 15 projects. Camp Network and Miden both raised $25 million each. Infrastructure projects dominated this week’s funding rounds. The data…

Bitcoin is trading just below the $100,000 mark after reaching a local high of $97,938, signaling growing bullish momentum. After weeks of consolidation, last week’s surge has flipped sentiment across the market, with bulls now firmly in control. Analysts are increasingly optimistic, pointing to the tightening supply dynamics as a potential catalyst for further upside. […]

• #bitcoin

In a candid 60-second video, Ripple’s Chief Legal Officer Stuart Alderoty explained that the U.S. Securities and Exchange Commission’s decision to drop Ripple’s case underscores a change in the regulator’s approach to cryptocurrency enforcement. “The SEC has not only dropped…

• #waves

Bitcoin Long-term holders approached a 350% profit, hinting at possible distribution pressure. Bullish momentum persisted as BTC climbed within an ascending channel toward the $100K mark. BiThe post Bitcoin’s 'profit wall' is back — Can bulls punch through before the weekend? appeared first on AMBCrypto.

• #bitcoin

Ethereum’s Ether (ETH) token is approaching a critical price zone against Bitcoin (BTC), which historically marked the beginning of a massive rebound.ETH price fractal from 2019 hints at bottom The ETH/BTC pair, currently trading near 0.019 BTC, is edging closer to 0.016 BTC — the exact level it reached in September 2019 before rallying nearly 450% over the following year.ETH/BTC weekly performance chart. Source: TradingViewThe current ETH/BTC setup resembles 2019, with both periods marked by oversold relative strength index (RSI), long stretches below key moving averages, and multiyear declines.In 2019, ETH/BTC fell over 90% in the prior two years, driven by the ICO collapse. As of 2025, the pair is down over 80% from its 2021 peak, weighed by skepticism over Ethereum’s switch to proof-of-stake (PoS), rising competition, and Bitcoin’s growing dominance as an institutional asset.In response to the growing concerns, Ethereum co-founder Vitalik Buterin has proposed new architecture and protocol-wide standards to make Ethereum simpler, faster, and as maintainable as Bitcoin within five years. Related: Ethereum to simplify crosschain transactions with new token standardsOne analyst called Buterin’s proposal “the most bullish thing for ETH.”The bullish hopes come as ETH/BTC attempts to break free from its multi-year “bearish parabola.” This resistance curve has been instrumental in limiting the pair’s upside attempts since December 2021 but showed signs of exhaustion as of May 3.Edit the caption here or remove the text“We might see an end of this bearish parabola,” wrote chartist Jimie.He noted that if the curved resistance holds, ETH/BTC could drop toward 0.016 BTC — the same level where it bottomed in September 2019 before rallying by roughly 450%.Flush ETH and buy Bitcoin, says Adam BackSkeptics like Bitcoin’s proof-of-work pioneer, Adam Back, argue that Buterin is overlooking deeper design flaws while proposing to simplify Ethereum in the coming years. Back criticizes Ethereum’s account-based system, saying it adds unnecessary complexity compared to Bitcoin’s simpler UTXO (unspent transaction output) model. He argues this growing complexity increases technical risks and makes Ethereum harder to scale and secure.Source: X/Adam BackHe also warns that Ethereum’s shift to PoS has concentrated power among insiders by redirecting miner rewards to large tokenholders.“At this point, just flush ETH before it hits zero and buy Bitcoin,” he wrote, suggesting no upgrade can fix what he views as Ethereum’s flawed foundation.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

• #bitcoin

U.S. spot bitcoin and ether exchange‑traded funds amassed nearly $700  million during Friday’s trading session, closing the week on a vigorous note. Blackrock’s Bitcoin ETF Devours $675M in a Day While Rivals Stand Still Crypto ETFs finished in positive territory, with spot bitcoin products drawing $674.91  million and ethereum‑linked counterparts bringing in $20.10  million, according […]

• #bitcoin

Solana and Litecoin show bullish signs, but new token Remittix (RTX) could outperform both in the payments space. #partnercontent

• #litecoin

Tokenized gold carries several benefits over other forms of paper gold, including gold exchange-traded funds (ETFs), according to Melissa Song and Dustin Becker, representatives of Gold DAO, a decentralized autonomous organization that facilitates investor access to tokenized gold.In an interview with Cointelegraph, the DAO representatives outlined three major benefits unique to tokenized gold, including 1:1 redeemability for a specific quantity of physical, serialized gold, usage as collateral in decentralized finance (DeFi) applications, and transactional efficiency through on-demand liquidity."When you buy an ETF, you are betting on the gold price going up, but you do not own any specific gold bar," Song told Cointelegraph.The pair added that the price of gold surged in 2025 due to the current macroeconomic uncertainty, the high level of US government debt, and geopolitical tensions that are reshaping the global monetary order.Gold’s price hits all-time highs against the US dollar. Source: TradingViewRelated: Geopolitical tensions fuel central bank shift toward gold, crypto — BlackRock execMacroeconomic uncertainty spikes gold prices, leaves USD in doubtGold hit an all-time high of $3,500 per ounce in April 2025 amid the trade tariffs announced by United States President Donald Trump that caused turmoil in risk-on asset markets like stocks and crypto.Traders shifted to gold, cash, and other safe-haven assets to weather the extreme volatility caused by the protectionist trade policies and the counter-response from other countries.This rush to gold also caused gold-backed cryptocurrencies such as Paxos Gold (PAXG) and Tether Gold (XAUT) to spike in price during April 2024.The Volatility S&P Index (VIX) tracks the volatility of the US stock market and surged following Trump’s tariff announcement. Source: TradingViewBitcoin advocate Max Keiser argued that gold-backed tokens will outcompete fiat stablecoins due to the lack of geopolitical risk and inflationary resistance inherent in gold."A stablecoin backed by Gold would out-compete a USD-backed stablecoin in world markets: Russia, China, and Iran should take note," Keiser wrote in a March 22 X post."The United States dollar has no volatility, but you are guaranteed to lose purchasing power," the BTC advocate continued.Gold's current rally could spill over into Bitcoin if investors shift from viewing Bitcoin as a risk asset to more of a store of value in turbulent economic times that is counter-cyclical to the stock market and other speculative investments.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fightThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Sui price is slowly forming a bullish flag and a golden cross, pointing to a strong breakout as its funding rate turns positive and decentralized finance assets jump. Sui (SUI) token was trading at $3.40 on Saturday, up by 94%…

Following its recent display of positive momentum, the price of Bitcoin returning to six-figure valuation has been the most popular narrative in the cryptocurrency market. However, the latest on-chain data suggests a relevant class of investors might pose a threat to the premier cryptocurrency’s dream of reclaiming $100,000. A Successful $100K Break Could Open Path […]

• #bitcoin

XRP’s fundamentals are firing on all cylinders, yet price action remains subdued.  On-chain data strengthens the undervaluation case.  Ripple [XRP] has been the talk of the town lately, The post XRP: All gas, no crowd - Why there's no demand for the altcoin appeared first on AMBCrypto.

• #litecoin

Coinspeaker Scam Alert: TRON DAO X Account Hacked In Epic Social Engineering Attack For a moment, TRON DAO’s X page was under siege by a hacker who leveraged unauthorized access to publish a post with a contract address. Consequently, TRON founder Justin Sun urged cryptocurrency exchange OKX to freeze funds believed to be linked to the exploit. Hacker Gets Busy Within TRON DAO Ecosystem In the early hours […] Scam Alert: TRON DAO X Account Hacked In Epic Social Engineering Attack

Recently, monero ( XMR) captured attention when reports surfaced of hackers converting 3,520 stolen BTC into XMR. Interestingly, the privacy-oriented cryptocurrency has notably outperformed both BTC and ETH so far this year. Over the Last 12 Months, Monero Outperformed Bitcoin and Ether Throughout 2025, monero (XMR) has delivered impressive market returns, steadily increasing in value […]

Bitcoin is back above $97,000 and traders turned optimistic this week, paving the way for capital rotation to GameFi, DeFi and Layer 2 tokens. ImmutableX’s IMX token stands out among the rest with double-digit gains on Friday. The native utility token of the gaming platform rallied 10% before erasing gains at the end of the week, and printed over 5% weekly gains.

A whale acquired 2.48M VIRTUAL using $4.28M in ETH and AERO, averaging a price of $1.72. VIRTUAL may continue to outperform AERO, despite the whale backing both altcoins. As most altcoins maThe post Why AERO failed to match VIRTUAL’s surge despite whale backing both tokens appeared first on AMBCrypto.

Opinion by: Fakhul Miah, managing director of GoMining InstitutionalThe Bitcoin (BTC) mining industry has never been more attractive to institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the US and the profitability margin of BTC. Then, numerous companies are diversifying by allocating computing power to AI, further strengthening their economics and, thus, investment attractiveness. For now, it looks like the future of the foundational layer for the Bitcoin network could mark the new gusher age.Is Bitcoin mining profitable?Bitcoin mining is still profitable. CoinShares, a digital asset investment firm, shared that the average cost to mine 1 BTC for US-listed miners reached $55,950 in Q3 2024. Two other popular models — one from MacroMicro and another dubbed the Glassnode Difficulty Regression Model — give different estimates. On the very same day of Feb. 20, MacroMicro.me data shows that the average cost to produce 1 BTC hovers above $92,000; Glassnode’s Difficulty Regression Model estimates the cost to mine a single BTC at approximately $34,400, all while the cryptocurrency’s price hit $98,300 on that day.On a global scale, mining costs differ based on the region. For example, the electricity cost to produce 1 BTC in Ireland is roughly $321,000, but it costs just over $1,300 to mine 1 BTC in Iran. Electricity is only part of the equation — hardware, labor and maintenance costs also play a crucial role.Recent data from CoinShares and MacroMicro.me paints a challenging yet nuanced picture for Bitcoin miners in the United States. While some institutional miners remain profitable, the broader landscape reveals increasing operational pressures that could reshape the mining industry.What happens if the challenges aren’t addressed? Mining institutions with high profitability rates could start to expand their operations and possibly acquire struggling miners at bargain prices, potentially putting retail and smaller miners at risk.Sustainable economics for investment attractivenessIn addition to receiving the block rewards, miners also benefit from the Bitcoin network’s transaction fees, which depend on network usage. Data shows that the daily Bitcoin transaction fees have been hovering between $360,000 and $1.3 million over the past month — reaching an average of $595,000 daily. This additional revenue stream bolsters Bitcoin mining’s economic appeal and strengthens the resilience of the mining business model by diversifying income sources.Recent: Bitcoin miner Bitfarms secures up to $300M loan from MacquarieIt’s not only mining that mining hardware is used for. High computational power, captive power supplies and ready-made infrastructure make miners uniquely equipped to support AI and high-performance computing. In simple terms, mining firms can now rent out their hardware to process AI tasks instead of only focusing on mining Bitcoin.The combination of transaction fee revenue growth and AI computing diversification creates a more resilient and profitable industry model (the existing one has never been quite appealing to institutional investments in the US). Institutional investments on the riseThe appealing revenues in the Bitcoin mining industries brought huge attention from institutional investors. This process is easy to spot: Bitcoin mining pools in the US accounted for over 40% of the global Bitcoin network’s hashrate in 2024. According to research by EY-Parthenon and Coinbase, 83% of the 352 global institutions plan to increase their crypto allocations this year, while 51% of the asset managers are considering investments in digital asset companies, including mining companies. That’s why I’m not surprised to witness huge investments in Riot Platforms, CoreWeave and other mining industry players. The favorable market sentiment has paved the way for more initial public offerings (IPOs) and specialized funds targeting mining companies. In addition to securing the $650-million investment, CoreWeave aims to go public with a $4-billion IPO to help the Nvidia-backed company reach a $35-billion valuation.Bgin Blockchain, a Singapore-based crypto miner manufacturer, recently filed to go public in the US. Renaissance Capital, an investment advisory firm, expects Bgin Blockchain to raise $50 million for its IPO.This surge in institutional momentum is set to benefit the Bitcoin mining industry by driving up demand and tightening available supply on the market. As more large players accumulate and hold Bitcoin, market scarcity could increase, supporting higher prices and, in turn, boosting miner profitability.The future optimism is more than tangibleThe strong support from institutional investors comes as the optimism around crypto-friendly policies has significantly increased after Donald Trump won the US presidential elections in November 2024.Establishing a Strategic Bitcoin Reserve in early March, seen as a massive policy shift, triggered positivity in the crypto and mining sectors. This sector gained importance. Last year, Bitcoin mining operations significantly contributed to the US economy, generating roughly $4.1 billion in gross domestic product and creating over 31,000 jobs nationwide. The industry is also revitalizing rural areas by generating tax revenue and repurposing remote locations for mining operations. It sounds like the gusher days of the oil industry a century ago, doesn’t it?The latest investments, leadership appointments and IPOs show that Bitcoin mining firms have a significant tailwind. Meanwhile, they are no longer just about BTC — they are becoming data infrastructure providers for the AI sector, turning into hybrid data processing giants.Taking advantage of this shift, the US could potentially become the leader in the digital asset and Bitcoin mining space due to the pro-crypto stance of the Trump administration and fulfill its stated goal of being the “crypto capital of the world.”As institutions double down on Bitcoin mining and AI convergence, the question isn’t if this industry will evolve but who will lead the charge. The modern digital gold rush is underway, and the smartest capital is already claiming it.Opinion by: Fakhul Miah, managing director of GoMining Institutional.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

• #bitcoin

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Shiba Inu ecosystem seeing increased activity

The team behind the Melania meme coin has made another token selloff and dumped 9.99 million $MELANIA tokens worth approximately $4.65 million over the past eight days. According to on-chain analyst Ember CN, these sales were conducted through “unilateral liquidity…

A small US logistics firm hit headlines after announcing plans to hold the TRUMP memecoin as part of its treasury. Freight Technologies Inc.’s share price surged over 100% on Friday after reports of the announcement. Related Reading: Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move According to a Bloomberg report, the lesser-known company […]

Peter Schiff reignites criticism, claiming Bitcoin lacks inflation-hedge credibility and stability. Kevin O’Leary and Senator Lummis defended Bitcoin’s growing market and policy relevance. The post Peter Schiff's new Bitcoin criticism: 'If you want to protect your purchasing power...' appeared first on AMBCrypto.

• #bitcoin

Opinion by: Fakhul Miah, managing director of GoMining InstitutionalThe Bitcoin (BTC) mining industry has never been more attractive to institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the US and the profitability margin of BTC. Then, numerous companies are diversifying by allocating computing power to AI, further strengthening their economics and, thus, investment attractiveness. For now, it looks like the future of the foundational layer for the Bitcoin network could mark the new gusher age.Is Bitcoin mining profitable?Bitcoin mining is still profitable. CoinShares, a digital asset investment firm, shared that the average cost to mine 1 BTC for US-listed miners reached $55,950 in Q3 2024. Two other popular models — one from MacroMicro and another dubbed the Glassnode Difficulty Regression Model — give different estimates. On the very same day of Feb. 20, MacroMicro.me data shows that the average cost to produce 1 BTC hovers above $92,000; Glassnode’s Difficulty Regression Model estimates the cost to mine a single BTC at approximately $34,400, all while the cryptocurrency’s price hit $98,300 on that day.On a global scale, mining costs differ based on the region. For example, the electricity cost to produce 1 BTC in Ireland is roughly $321,000, but it costs just over $1,300 to mine 1 BTC in Iran. Electricity is only part of the equation — hardware, labor and maintenance costs also play a crucial role.Recent data from CoinShares and MacroMicro.me paints a challenging yet nuanced picture for Bitcoin miners in the United States. While some institutional miners remain profitable, the broader landscape reveals increasing operational pressures that could reshape the mining industry.What happens if the challenges aren’t addressed? Mining institutions with high profitability rates could start to expand their operations and possibly acquire struggling miners at bargain prices, potentially putting retail and smaller miners at risk.Sustainable economics for investment attractivenessIn addition to receiving the block rewards, miners also benefit from the Bitcoin network’s transaction fees, which depend on network usage. Data shows that the daily Bitcoin transaction fees have been hovering between $360,000 and $1.3 million over the past month — reaching an average of $595,000 daily. This additional revenue stream bolsters Bitcoin mining’s economic appeal and strengthens the resilience of the mining business model by diversifying income sources.Recent: Bitcoin miner Bitfarms secures up to $300M loan from MacquarieIt’s not only mining that mining hardware is used for. High computational power, captive power supplies and ready-made infrastructure make miners uniquely equipped to support AI and high-performance computing. In simple terms, mining firms can now rent out their hardware to process AI tasks instead of only focusing on mining Bitcoin.The combination of transaction fee revenue growth and AI computing diversification creates a more resilient and profitable industry model (the existing one has never been quite appealing to institutional investments in the US). Institutional investments on the riseThe appealing revenues in the Bitcoin mining industries brought huge attention from institutional investors. This process is easy to spot: Bitcoin mining pools in the US accounted for over 40% of the global Bitcoin network’s hashrate in 2024. According to research by EY-Parthenon and Coinbase, 83% of the 352 global institutions plan to increase their crypto allocations this year, while 51% of the asset managers are considering investments in digital asset companies, including mining companies. That’s why I’m not surprised to witness huge investments in Riot Platforms, CoreWeave and other mining industry players. The favorable market sentiment has paved the way for more initial public offerings (IPOs) and specialized funds targeting mining companies. In addition to securing the $650-million investment, CoreWeave aims to go public with a $4-billion IPO to help the Nvidia-backed company reach a $35-billion valuation.Bgin Blockchain, a Singapore-based crypto miner manufacturer, recently filed to go public in the US. Renaissance Capital, an investment advisory firm, expects Bgin Blockchain to raise $50 million for its IPO.This surge in institutional momentum is set to benefit the Bitcoin mining industry by driving up demand and tightening available supply on the market. As more large players accumulate and hold Bitcoin, market scarcity could increase, supporting higher prices and, in turn, boosting miner profitability.The future optimism is more than tangibleThe strong support from institutional investors comes as the optimism around crypto-friendly policies has significantly increased after Donald Trump won the US presidential elections in November 2024.Establishing a Strategic Bitcoin Reserve in early March, seen as a massive policy shift, triggered positivity in the crypto and mining sectors. This sector gained importance. Last year, Bitcoin mining operations significantly contributed to the US economy, generating roughly $4.1 billion in gross domestic product and creating over 31,000 jobs nationwide. The industry is also revitalizing rural areas by generating tax revenue and repurposing remote locations for mining operations. It sounds like the gusher days of the oil industry a century ago, doesn’t it?The latest investments, leadership appointments and IPOs show that Bitcoin mining firms have a significant tailwind. Meanwhile, they are no longer just about BTC — they are becoming data infrastructure providers for the AI sector, turning into hybrid data processing giants.Taking advantage of this shift, the US could potentially become the leader in the digital asset and Bitcoin mining space due to the pro-crypto stance of the Trump administration and fulfill its stated goal of being the “crypto capital of the world.”As institutions double down on Bitcoin mining and AI convergence, the question isn’t if this industry will evolve but who will lead the charge. The modern digital gold rush is underway, and the smartest capital is already claiming it.Opinion by: Fakhul Miah, managing director of GoMining Institutional.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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XRP volume drops but positivity remains

President Donald Trump and his family are generating billions from cryptocurrency, according to a new report from State Democracy Defenders Action. The nonprofit organization, which claims to be “fighting autocracy,” estimates that nearly 40% of Trump’s net worth now comes…

Dogecoin price is down, trend that is generally negated by boost in large transactions

Bitcoin is currently trading around the $96,000 mark after a week of strong bullish price action that saw it reach $97,900 — its highest level since the March sell-off. The price now flirts with the psychological $100,000 barrier, a key milestone that could confirm the start of a new macro uptrend. However, global macroeconomic tensions […]

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Onchain social network Zora has built a reputation as a popular tool for artists, musicians and other creatives to monetize their content onchain, but the recent launch of its eponymous ZORA token has left many users confused and dissatisfied.The token’s price tanked shortly after launch, with users and observers complaining about everything from poor communication from the team to the token’s distribution and utility models. This comes amid an overall decline in interest in the onchain creator economy and a changing perspective on whether blockchain tools like non-fungible tokens (NFTs) are still useful for creatives who want to monetize their work on the blockchain.With creators and builders shifting focus and NFTs no longer selling like they used to, does the ZORA token drop symbolize the end of the creator-driven NFT model? Maybe not, but many creatives are changing their perspectives and the role blockchain should play in the creator economy. ZORA token launch and airdrop go awryThe ZORA token launched on April 23, and it quickly became a point of controversy among users. To start, Zora did not officially announce that it had gone live until two hours after it was already trading, leading to confusion on social media.Source: ZachXBTThe token’s price quickly fell by over 50% within those roughly two hours, from $0.037 to $0.017, adding to users’ complaints. It has since fallen even further, sitting around $0.013 at the time of writing.ZORA’s tokenomics also became a point of contention. 45% of the supply is reserved for the team and investors, while 25% is for the treasury — leaving 20% for community incentives and just 10% for the user airdrop. This led some to complain that the project was keeping too much for itself.Others disliked its general lack of utility. Zora repeatedly stated that the token “is for fun only and does not entitle its holders to any governance rights or a claim on any equity ownership in Zora or its products.” But the project seemed to respond to this criticism on May 1 by announcing that ZORA would have some additional functionalities within the network.However, many others came to the defense of the project, saying that sharing on the platform has been financially lucrative. Others were simply thankful they received anything at all.Source: WbnnsSinger Vérité, who has racked up hundreds of millions of streams as an independent artist and was an early adopter of Web3 tech, told Cointelegraph that “on a base level, I’m appreciative of being rewarded for participating in something early.”She said that while she doesn’t know the team very well, “I feel like they are genuinely trying to construct new models for valuing digital artifacts and have built an aesthetic and culture around their brand in juxtaposition to what are usually awful crypto vibes.”Source: VéritéNFTs no longer the top of the creator food chain Zora’s token launch was the latest move in a broader shift away from the traditional NFT model for creators, in this case toward embracing the cultural dominance of memecoins. While posts on Zora used to be minted as NFTs, now each post creates an instantly tradeable memecoin, also known as a “content coin.” Creators are given 1% of the supply and earn 50% of the trading and liquidity provider fees.Source: ZoraWhile the move from NFTs to content coins was itself controversial, it represents a shift to a new class of creators, according to Adam Levy, host of the Mint podcast and founder of Blueprint, which helps creators go viral onchain. He told Cointelegraph that the wild success of memecoin launchpad Pump.fun “brought in a brand new class of creators that now Zora is trying to capitalize on.”I think the Pump.fun or coin-like model is a perfect token model for a new class of creators that are emerging just generally on the internet. I think it’s like the Gen Z brain rot type of creator that spends a lot of their time remixing content or trying to create viral content in terms of like memetic content.NFT sales remain way down compared to their 2021 peak, and many creators have simply left the NFT space due to its perceived shortcomings. Music-related NFTs, which used to be prevalent on platforms like Zora, have taken a particularly hard beating.Several builders of the most popular creator platforms have moved on to work on other projects. For instance, the team behind music NFT platform Sound.xyz has shifted its focus to a new platform called Vault, which still uses blockchain technology but keeps it hidden on the back end.In a February X post, Sound co-founder David Greenstein said a hyperfocus on speculation led to the decline in NFT interest. “Over time, it became less about the artist, the music, and real connection—and more about financial transactions,” he wrote. “When speculation cooled, so did the energy behind supporting artists.”This sentiment was echoed by Vérité, who said, “I don’t think digital artifacts will have lasting value outside of speculation, experience and patronage.”Related: Tokenizing music royalties as NFTs could help the next Taylor SwiftAccording to music artist and builder Latashá, “We weren’t getting focused on culture; we were getting focused on speculation. And once the bear market hit, it really showcased that.” Latashá, who was previously head of community at Zora and is now building several blockchain-based platforms, told Cointelegraph that people also got too caught up in the language of Web3 instead of simply using the technology:The language and the jargon and even the communities that created that really kind of boxed themselves in when they only stay in that place, right? And so, I always knew that the language was going to change and that the crypto was going to become just the tool, as it should be.What’s next for the onchain creator economy?Despite the shift of interest away from NFTs toward things like memecoins, as encapsulated by Zora, many builders and creators still believe blockchain remains incredibly powerful — just that maybe it needs to be used in a different way.“I learned that you can’t force your idealism onto the world and into the market,” said Vérité. “I am less interested in making ‘Web3 tools’ work because they’re on the blockchain and more interested in finding new ways to solve problems that face artists, audiences and the systems that connect them, regardless of form.”“I definitely won’t sell NFTs to fans,” she added.Levy, on the other hand, remains firm in his belief in NFTs, specifically. “I still have endless conviction in what I’m doing,” he said. He pointed out that cryptocurrency overall, let alone NFTs, is still in the very early stages of adoption. “I think we all need to zoom out.”I don’t think it’s just a fad. I don’t think that this is going to disappear. And I don’t think that because I’ve tasted the sugar of what this is as a creator. [...] And I know there’s a better way to create content on the internet and to monetize on the internet.One notable shift has been to hide the blockchain elements and focus solely on user experience. For example, rap duo Run The Jewels has a fan club where members are rewarded with “JWL” points that can be used to unlock exclusive experiences. JWL is actually an onchain token, but that fact is buried in the club’s FAQ page. “We still need to come up with a better way of making crypto wallets accessible to people so that it is easier,” Renata Lowenbraun, CEO of independent music Web3 platform Infanity, told Cointelegraph. “The moment that happens, everything will change.”Lowenbraun compared blockchain to the internet, saying the internet took decades to truly catch on. NFTs, she argued, had a “false start” before the infrastructure had a chance to mature, “but it doesn’t mean it’s not going to stick and it’s not going to be around and it’s not going to have these amazing applications, particularly for creative people and creative ventures.”For Latashá, the future is in the hands of the artists themselves. “I think artists are just going to build their platforms. I think that’s going to be the future,” she said.From 2021 to 2024, we were really dependent on platforms. [...] And then we witnessed platforms kind of move like Web2 platforms, where they had so much ownership over our worlds and how we move that I think we finally all learned like, ‘Oh yeah, if this is really about building something different, it’s going to have to come from us.’Whatever the future of the Web3 creator economy holds, it’s clear that it won’t be without road bumps along the way. But if the builders and artists are to be believed, the road bumps lie on the path toward greater artist independence.Magazine: Get Bitcoin or die tryin’: Why hip hop stars love crypto

Ethereum co-founder Vitalik Buterin called for simplifying Ethereum’s base protocol, aiming to make the network more efficient, secure and accessible, drawing inspiration from Bitcoin’s minimalist design.In a blog post titled “Simplifying the L1,” published on May 3, Buterin laid out a vision to restructure Ethereum’s architecture across consensus, execution and shared components.“This post will describe how Ethereum 5 years from now can become close to as simple as Bitcoin,” Buterin wrote, arguing that simplicity is key to Ethereum’s resilience and long-term scalability.While recent upgrades like proof-of-stake (PoS) and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK) integration have made Ethereum more robust, he said that technical complexity has led to bloated development cycles, higher costs and greater risks of bugs:“Historically, Ethereum has often not done this (sometimes because of my own decisions), and this has contributed to much of our excessive development expenditure, all kinds of security risk, and insularity of R&D culture, often in pursuit of benefits that have proven illusory.”Buterin praises Bitcoin for its simplicity. Source: Vitalik ButerinRelated: ‘Vitalik: An Ethereum Story’ is less about crypto and more about being humanEthereum eyes “3-Slot Finality” to simplify consensusOne key area of focus is Ethereum’s consensus layer. Central to this effort is the proposed “3-slot finality” model, which eliminates complex components like epochs, sync committees and validator shuffling.“The reduced number of active validators at a time means that it becomes safer to use simpler implementations of the fork choice rule,” Buterin wrote.Other proposed improvements include allowing for more straightforward fork choice rules and adopting Scalable Transparent Argument of Knowledge (STARK)-based aggregation protocols to decentralize and simplify network coordination.On the execution layer, Buterin proposed a shift from the Ethereum Virtual Machine (EVM) to a simpler, ZK-friendly virtual machine like RISC-V. This move could offer 100x performance improvements for zero-knowledge proofs and significantly simplify the protocol.RISC-V is an open-source instruction set architecture (ISA) used in designing computer processors. It follows a minimalist design philosophy, using a small set of simple instructions for high efficiency and easier implementation.To preserve backward compatibility, Buterin suggested running legacy EVM contracts onchain via a RISC-V interpreter while supporting both VMs concurrently during a transitional phase.Source: Vitalik ButerinRelated: Ethereum community members propose new fee structure for the app layerButerin calls for protocol-wide standardsButerin also advocated for protocol-wide standardization. He suggested adopting a single erasure coding method, serialization format (favoring SSZ), and tree structure to reduce redundant complexity and streamline Ethereum’s tooling and infrastructure.“Simplicity is in many ways similar to decentralization,” Buterin wrote. He suggested Ethereum adopt a “max line-of-code” target similar to what Tinygrad does, keeping consensus-critical logic as lean and auditable as possible.Non-critical legacy features would remain but reside outside the core specification.Buterin’s proposal aimed at simplifying Ethereum comes as the network continues to lose market share to competing blockchains.During a panel discussion at the LONGITUDE by Cointelegraph event on May 2, Alex Svanevik, CEO of data service Nansen, said Ethereum’s relative dominance among L1 blockchain networks has declined.“If you’d asked me 3–4 years ago whether Ethereum would dominate crypto, I’d have said yes,” Svanevik said during a panel discussion at the LONGITUDE by Cointelegraph event. “But now, it’s clear that’s not what’s happening.”Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet

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Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.The Digital Assets Strategic Reserve bill, which would have permitted Arizona to invest seized funds into Bitcoin (BTC) and create a reserve managed by state officials, was formally struck down on Friday, according to an update on the Arizona State Legislature’s website.“Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs wrote in a statement aimed at Warren Petersen, the President of the Arizona Senate.“Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency,” she added.On April 28, the bill passed a final vote in the state House when 31 members of the Arizona House voted in favor of the bill, with 25 opposing. Hobbs had previously stated she would veto any legislation not tied to a bipartisan agreement on disability funding.Source: Governor Katie HobbsRelated: Bitcoin bros at ‘the club’ may stop US gov’t from buying BTC — Arthur HayesAnother Bitcoin awaits final voteA companion bill, SB1373, which would authorize the state treasurer to allocate up to 10% of Arizona’s rainy-day fund into digital assets like Bitcoin, has not yet reached a final vote.Arizona joins several other states where similar efforts have failed. In recent months, similar proposals in Oklahoma, Montana, South Dakota and Wyoming have stalled or been withdrawn.In contrast, North Carolina’s House passed the Digital Assets Investment Act on April 30, allowing the state treasurer to invest up to 5% of certain funds in approved cryptocurrencies. The bill has now been moved to the state Senate for consideration.The state-level efforts to create Bitcoin reserves come amid a push from US President Donald Trump and Republican lawmakers to do the same in the federal government. Trump signed an executive order in March with a proposal for a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”Magazine: Crypto wanted to overthrow banks, and now it’s becoming them in stablecoin fight

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