Arizona has vetoed bill HB 2324 to create Bitcoin Reserve funded by criminal forfeiture, marking the third time the state has blocked a digital asset reserve proposal. In a veto letter to House Speaker Steve Montenegro, Arizona Governor Katie Hobbs has blocked House Bill 2324, which aimed to establish a Bitcoin and Digital Assets Reserve…
Trump’s “big, beautiful bill” passed the Senate, but without any provisions related to the crypto industry. Trump’s budget bill passed the Senate, but the crypto industry has little to celebrate. On Tuesday, June 1, the U.S. Senate passed the sweeping budget bill, with a razor-thin margin. Yet, despite Donald Trump’s past vocal support for the…
Bitcoin and altcoin prices could stage a strong rally in July after a surprise statement from Jerome Powell, the Federal Reserve Chair. In a statement, Powell changed his tune on when the Fed will start cutting interest rates. For the first time this year, he did not rule out slashing rates as soon as in…
Botanix isn’t the first to promise smart contracts on Bitcoin, but it may be the first to deliver them without centralization and possibly cut BTC block times to five seconds. Its mainnet launch signals a new phase in the evolution of Bitcoin’s utility beyond store of value. According to a press release, Botanix Labs has…
DDC Enterprise, best known for its Asian food brands, has entered the big leagues. With a half-billion-dollar war chest and heavyweight backers, the company is making an audacious play to dominate corporate Bitcoin holdings. In a press release on July 1, NYSE-listed DDC Enterprise announced the initial closing of its $528 million capital raise, backed…
Smarter Web Company is expanding its BTC treasury strategy as more and more London-listed firms join. London-listed companies are increasingly expanding their Bitcoin (BTC) treasury strategies. On Tuesday, July 1, the Smarter Web Company acquired an additional 230.05 bitcoins for $25 million. The move puts its total Bitcoin treasury holdings at 773.58 BTC. The company…
Bitcoin price hovers near $107,000 as the benchmark digital asset signals further consolidation following a largely positive run from lows of $84k seen in April. Bitfinex analysts, sharing their outlook for Bitcoin (BTC) in the next quarter, say the struggle for a breakout to $110,000 or higher in recent weeks signals a potential consolidation phase…
After analyzing BTC’s historical pattern, Matrixport analysts predict that the largest cryptocurrency by market cap could reach as high as $116,000 in the next few weeks. In a recent report, Matrixport analysts state that the month of July has always “historically favored Bitcoin,” as patterns of strong gains for BTC (BTC) have been consistently shown…
Arkham’s on-chain monitoring detected a suspected transfer of $20,000 in BTC to Satoshi Nakamoto’s address. This is the latest transfer made to Satoshi in the past four months. According to on-chain data from Arkham Intelligence, an unknown address sent 0.185 BTC (or around $20,000 at the time of transfer) to an address believed to be…
Eric Trump-backed cryptocurrency company American Bitcoin has raised $220 million from private investors to purchase Bitcoin and expand its digital mining business. The news was disclosed in a June 30 filing reviewed by Bloomberg, which revealed that part of the equity sale, worth about $10 million, was transacted directly in Bitcoin (BTC) rather than U.S….
