861776
Birose159

@birose159 #861776

Fan of eating tacos and bringing people together, often at the same time 🌮
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HYPERLIQUID DELISTS JELLY FOLLOWING SUSPICIOUS MARKET ACTIVITY, VALIDATORS VOTE TO PROTECT NETWORK
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Two strategic digital asset reserve bills in Arizona cleared Arizona’s House Rules Committee on March 24 and are now headed to the House floor for a full vote.
The bills together, if passed into law, would clear the way for Arizona to establish strategic digital assets reserves composed of existing assets confiscated through criminal proceedings in addition to newly invested public funds.
The Republicans hold a 33-27 majority in Arizona’s House of Representatives, giving both bills a decent chance of passing.
However, according to Bitcoin Laws, the final hurdle could be the state’s Democratic governor, Katie Hobbs. Hobbs has a history of vetoing bills before the House, having blocked 22% of bills in 2024 — the highest rate of any state governor.
The two bills recently approved by Arizona’s House Rules Committee are the Strategic Digital Assets Reserve Bill (SB 1373) and the Arizona Strategic Bitcoin Reserve Act (SB 1025).
The Strategic Digital Assets Reserve Bill (SB 1373) focuses on establishing a strategic digital assets reserve made up of digital assets seized through criminal proceedings to be managed by the state’s treasurer.
The treasurer would be limited to investing no more than 10% of the fund’s total value each fiscal year. However, they would also be able to loan the fund’s assets in order to increase returns, provided that doing so doesn’t increase financial risks.
The Arizona Strategic Bitcoin Reserve Act (SB 1025) specifically deals with Bitcoin
BTC
$86,644
. The bill proposes allowing Arizona’s Treasury and state retirement system to invest up to 10% of its available funds into Bitcoin.
Additionally, SB 1025 would also allow for the state’s Bitcoin reserve to be stored in a secure, segregated account inside a federal Bitcoin reserve, should one be established.
While Arizona is now considered to be leading the race to establish a state-based digital asset reserve, several other states are hot on its heels.
On March 6, the Texas Senate passed the Strategic Bitcoin Reserve Bill (SB-21) by a vote of 25-5. The Texan bill still needs to pass the House and get the governor’s signature to pass into law. Following this vote, a new bill was introduced by Democrat Representative Ron Reynolds to cap the size of the previously uncapped reserve to $250 million.
Utah also recently passed Bitcoin legislation, but all references to the establishment of a strategic reserve were removed at the last moment.
Meanwhile, the Oklahoma House passed its Bitcoin Reserve Bill HB1203, 77-15 on March 25. That bill will now head to the state’s senate.
Mantra received its license from the Virtual Asset Regulatory Authority (VARA) on Feb. 19, allowing it to expand its operations into the Middle East and North Africa (MENA) region.
“Upbit has reviewed the necessary improvements made in response to this sanction by the financial authorities and completed the measures,” the firm stated.
The SEC’s Enforcement Division informed Robinhood on Feb. 21 that it had concluded its investigation and would not recommend any enforcement action. Robinhood disclosed this information in a Feb. 24 announcement.
A gamer with that level of control transcends gaming. They become a creator, owner and controller. In many cases, they can join a game’s decentralized autonomous organization to, democratically and trustlessly, modify the game based on community-centric ideation.
Ownership without control is, as Web2 has proven, virtually ineffective and leaves users vulnerable. In the Web3 gaming or GameFi space, there’s a massive push for the right to ownership and control, to create, modify, upgrade and export (to other games and chains) your digital assets — profit from them even.
Beyond the alleged extortion racket, Iza’s operations extended to financial fraud. Between 2020 and 2022, he is accused of defrauding Meta Platforms Inc., stealing over $37 million by accessing business accounts and associated credit lines.
Saavedra also operated a private security firm, Saavedra & Associates LLC, which employed off-duty deputies. Iza reportedly paid $100,000 monthly between 2021 and 2024 for round-the-clock security.
In August 2021, LASD deputies allegedly held a victim at gunpoint at Iza’s residence, forcing a $25,000 bank transfer. In October 2021, Iza personally coerced another victim into transferring $127,000 while holding them at gunpoint.
Expect the total value locked (TVL) in decentralized applications to top $300 billion in 2025, far surpassing 2021’s highs of approximately $180 billion, according to the report.
The purchase aligns with Hut 8’s strategy of combining low-cost Bitcoin production with opportunistic market buys to maximize returns and establish BTC as a reserve asset.
Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin, increasing its holdings to over $1 billion.
SOL was one of the few tokens to achieve a new all-time high in 2024, reaching $264.50 on Nov. 22. However, the momentum could not be sustained, with SOL underperforming as the broader altcoin market cap rose 18% since Nov. 22, while SOL price fell 12%.
If bulls want to prevent the downside, they will have to swiftly push the price back above $0.000028. The pair could then climb to $0.000033, which is expected to pose a strong challenge.
“We’re really waiting to see that exuberant move, and then we’ll look at that rotation of capital,” crypto exchange Swyftx lead analyst Pav Hundal told Cointelegraph at Aus Crypto Con 2024.
Altcoins will swing between big rallies and pullbacks until Bitcoin confirms a breakout past the $100,000 mark, according to a crypto analyst.
Meanwhile, leveraged spot Ether ETF demand has increased 160% since Trump’s election victory, K33 Research noted on Nov. 28.
“[This] sends a strong signal of a potential DeFi renaissance under a Trump presidency.”
President-elect Donald Trump and his sons would benefit from a more robust DeFi ecosystem because of their involvement in DeFi protocol World Liberty Financial, Thielen said.
Markus Thielen, 10x Research founder, said crypto privacy mixer Tornado Cash’s partial court victory likely contributed to Ethereum’s price rally as it is the dominant decentralized finance (DeFi) chain.
Despite the recent slowdown, spot Bitcoin ETFs have still had a record-breaking month with more than $6.2 billion of net inflows in November — which includes an eye-popping $3.1 billion of inflows last week.
An industry executive attributed the price gain to Ethereum-based Tornado Cash’s recent court victory in the United States, along with reports that crypto advocate Paul Atkins may replace Gary Gensler and lead a more crypto-friendly Securities and Exchange Commission (SEC).
Spot Ether ETFs took in $224.9 million in net inflows over the four trading days between Nov. 22-27, while spot Bitcoin ETFs tallied $35.2 million in net inflows due mainly to a heavy day of outflows on Nov. 25, Farside Investors data showed.
Ether exchange-traded funds (ETFs) have seen more money from investors than their Bitcoin counterparts since Nov. 22, as Ethereum’s decentralized finance (DeFi) ecosystem scored a key victory in a US court this week.
The Decentralized AI Society (DAIS), a newly-formed nonprofit at the nexus of blockchain and artificial intelligence, plans to launch a regulatory pilot in Bermuda and an AI venture fund next year, Michael Casey, DAIS’ co-founder and chairman, told Cointelegraph in an interview.
Both initiates aim to combat what Casey describes as the looming threat of centralization in AI models, which are permeating society at a rapid clip.
For the AI fund, DAIS is “exploring how decentralized economic groups can raise capital effectively without falling into the same traps as the traditional [venture capital] model,” Casey said.
However, Martinez also postulates that BTC could nullify the sell signal by the TD Sequential and avoid a major corection by closing above $100,535 on the 12-hour daily chart. Considering Bitcoin’s recent price movement and events such as excitement around Donald Trump’s electoral victory alongside increased ETF inflows, an uptrend continuation is definitely a strong possibility.
According to data from CoinMarketCap, BTC trades at $98,213 reflecting a 0.44% decline in the past day. In tandem, the asset’s daily trading volume is valued at $44.02 billion having declined by 43.14%. However, Bitoin remains largely profitable for long-term holders with gains of 45.06% in the past 30 days. With a market cap of $1.95 trillion, the premier cryptocurrency remains the world’s largest digital asset.
The fact that $DOG pumped so hard on just a futres listing is exact proof of what I have been telling you for months Runes listing depth is ultra tin If Kraken futures added hundreds of millions of marketcap What do you think happens to the ecosystem with Binance spot?
Then, Bitcoin broke out and hit $71,075, its best performance over the last four months. According to CoinGecko, Bitcoin’s latest price movement this Tuesday is backed by $51 billion in trading volume, double the amount generated on Monday.
In a Sept. 30 blog post, Walden explained how the first decade of blockchain development was inspired by Bitcoin’s original cypherpunk values: “censorship resistance, open source, permissionlessness, and a new glimmer of building a democratic [and] equitable internet on top of a shared world computer.”