Arizona Passes Bill to Establish Bitcoin Reserve
Lawmakers in the state of Arizona have approved a bill that allows the state treasury and pension system to invest up to 10% of available funds in digital assets, including Bitcoin, according to reports from Bloomberg and other outlets. The bill now heads to Governor Katie Hobbs for signature — the final step before it becomes law.
The bill, titled the Arizona Strategic Bitcoin Reserve Act, would make Arizona the first U.S. state to mandate the allocation of a portion of public funds into Bitcoin, if signed into law.
The initiative was authored by Republican Senator Wendy Rogers and Representative Jeff Weninger. The bill's explanatory note emphasizes that the legislation reflects the “growing recognition of digital assets in public financial management.”
Similar proposals are being considered in Iowa, Missouri, and Texas. At the federal level, President Donald Trump signed an executive order in March to establish a strategic reserve of confiscated bitcoins. However, the current version of the order does not authorize new purchases of cryptocurrency.
Lawmakers in the state of Arizona have approved a bill that allows the state treasury and pension system to invest up to 10% of available funds in digital assets, including Bitcoin, according to reports from Bloomberg and other outlets. The bill now heads to Governor Katie Hobbs for signature — the final step before it becomes law.
The bill, titled the Arizona Strategic Bitcoin Reserve Act, would make Arizona the first U.S. state to mandate the allocation of a portion of public funds into Bitcoin, if signed into law.
The initiative was authored by Republican Senator Wendy Rogers and Representative Jeff Weninger. The bill's explanatory note emphasizes that the legislation reflects the “growing recognition of digital assets in public financial management.”
Similar proposals are being considered in Iowa, Missouri, and Texas. At the federal level, President Donald Trump signed an executive order in March to establish a strategic reserve of confiscated bitcoins. However, the current version of the order does not authorize new purchases of cryptocurrency.
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🟣 Weekly Token Unlocks: May 5–11, 2025
This week, over $81.9M in insider distributions is scheduled to be unlocked.
Notable unlocks by size and % of total supply:
- $ENA – $55.79M (3.1%)
- $SPEC – $15.42M (42.5%)
- $NEON – $3.33M (10.8%)
- $GGP – $2.41M (9.8%)
- $AGI – $2.35M (2.1%)
- $MAVIA – $1.41M (10.8%)
🔍 These unlocks primarily reflect distributions to founders and private investors, who often serve as leading indicators of supply dynamics and early
liquidity movements.
This week, over $81.9M in insider distributions is scheduled to be unlocked.
Notable unlocks by size and % of total supply:
- $ENA – $55.79M (3.1%)
- $SPEC – $15.42M (42.5%)
- $NEON – $3.33M (10.8%)
- $GGP – $2.41M (9.8%)
- $AGI – $2.35M (2.1%)
- $MAVIA – $1.41M (10.8%)
🔍 These unlocks primarily reflect distributions to founders and private investors, who often serve as leading indicators of supply dynamics and early
liquidity movements.
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Only 58 crypto wallets earned millions in profits from the TRUMP meme token, while over 764,000 investors ended up at a loss, according to analyst data.
CNBC
58 crypto wallets have made millions on Trump's meme coin. 764,000 have lost money, data shows
Interest in the $TRUMP meme coin spiked more than 50% after the project's website promised the top 220 holders a seat at a dinner with the president.
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Google shares drop after reports that Apple plans to integrate an AI search engine instead of the standard Google Search.
A top Apple executive directly stated that, for the first time in 20 years, they are seeing a decline in search query volume. People are switching en masse to AI interfaces like ChatGPT, Perplexity, and DeepSeek.
The market reacted instantly—Google shares plunged by −9% in just a few hours.
A top Apple executive directly stated that, for the first time in 20 years, they are seeing a decline in search query volume. People are switching en masse to AI interfaces like ChatGPT, Perplexity, and DeepSeek.
The market reacted instantly—Google shares plunged by −9% in just a few hours.
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The Game Has Changed – Are You In? 🤨
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You could be earning money with their free calls
Or watching others do it
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Solana has surpassed BNB and reclaimed fifth place in the CoinMarketCap rankings.
▪️The price of the Solana (SOL) token exceeded $180 for the first time since mid-February. Since the sharp crypto market rally began on May 8, SOL has surged by about 30%, despite briefly dipping below $100 in April.
▪️With a market cap now over $94 billion, Solana has once again overtaken Binance’s BNB, securing fifth place in the overall CoinMarketCap ranking.
▪️SOL’s all-time high of $294 was recorded on January 19, the same day the TRUMP memecoin launched by Donald Trump’s team debuted. Before it was listed on centralized exchanges, TRUMP could only be bought via DEX platforms on the Solana network — a factor that likely boosted demand for SOL, which is required for transaction fees.
▪️The price of the Solana (SOL) token exceeded $180 for the first time since mid-February. Since the sharp crypto market rally began on May 8, SOL has surged by about 30%, despite briefly dipping below $100 in April.
▪️With a market cap now over $94 billion, Solana has once again overtaken Binance’s BNB, securing fifth place in the overall CoinMarketCap ranking.
▪️SOL’s all-time high of $294 was recorded on January 19, the same day the TRUMP memecoin launched by Donald Trump’s team debuted. Before it was listed on centralized exchanges, TRUMP could only be bought via DEX platforms on the Solana network — a factor that likely boosted demand for SOL, which is required for transaction fees.
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The Central Bank of Brazil wants to ban stablecoin transfers abroad, restrict their domestic use, and impose taxes on related transactions.
The goal is to strengthen control over cross-border payments.
The goal is to strengthen control over cross-border payments.
thedefiant.io
VanEck Launches $NODE Onchain Economy ETF Targeting Blockchain and Digital Asset Adoption
VanEck has launched a new exchange-traded fund (ETF) called the Onchain Economy ETF, trading under the ticker $NODE
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Analyst: In Q1 2025, institutions reduced their Bitcoin holdings by 10% due to tariff-related news, and the price of $BTC also dropped by around 12%.
This marks a sharp contrast to Q4 2024, when the same investors significantly increased their purchases (+78%), driving the price up by 47%.
However, Q2 is already looking more promising, with signs that big money is flowing back in.
This marks a sharp contrast to Q4 2024, when the same investors significantly increased their purchases (+78%), driving the price up by 47%.
However, Q2 is already looking more promising, with signs that big money is flowing back in.
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Saylortracker
Strategy - Real-Time Treasury Analytics
Strategy Real-Time Treasury Analytics Dashboard
Strategy (formerly MicroStrategy) reported the purchase of 7,390 bitcoins totaling $764.9 million between May 12 and 18 at an average price of $103,498 per BTC.
▪️As of May 19, Strategy holds 576,230 bitcoins (around 2.6% of total BTC supply), for which the company has spent approximately $40.18 billion since 2020, with an average purchase price of $69,726 per BTC.
▪️According to documents filed with the U.S. SEC, the bitcoins were acquired through the issuance of Strategy's common and preferred stock under ATM (At-the-Market offering) programs.
▪️The day before the announcement, Strategy founder Michael Saylor once again hinted at a new BTC purchase. On Sunday, he posted a chart from saylortracker.com on X, showing Strategy’s purchases marked in orange against Bitcoin’s price chart, with the caption:
"Never short a man who buys orange ink by the barrel."
▪️As of May 19, Strategy holds 576,230 bitcoins (around 2.6% of total BTC supply), for which the company has spent approximately $40.18 billion since 2020, with an average purchase price of $69,726 per BTC.
▪️According to documents filed with the U.S. SEC, the bitcoins were acquired through the issuance of Strategy's common and preferred stock under ATM (At-the-Market offering) programs.
▪️The day before the announcement, Strategy founder Michael Saylor once again hinted at a new BTC purchase. On Sunday, he posted a chart from saylortracker.com on X, showing Strategy’s purchases marked in orange against Bitcoin’s price chart, with the caption:
"Never short a man who buys orange ink by the barrel."
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Hacker Withdraws Over $200M from Cetus Crypto Platform
▪️The decentralized exchange Cetus, built on the Sui blockchain, was attacked. The hacker drained liquidity from several pools, causing the prices of most Sui tokens to crash by more than 75%. The Cetus team has temporarily suspended its smart contract and launched an investigation.
▪️On DEXs like Cetus, users provide liquidity by depositing tokens into pools. When a hacker “drains liquidity,” it means they remove most of the tokens from a pool, leaving other users without the ability to trade. As a result, token prices collapse and trading becomes impossible.
▪️According to DEX Screener, tokens like LOFI, HIPPO, and CETUS dropped by over 50%, with some assets losing up to 90% of their value.
▪️Analysts at Lookonchain estimate the total damage at $260 million, with around $60 million already converted to USDC, moved to the Ethereum network, and swapped for ETH. PeckShield confirms that over $200 million was stolen, with a similar amount moved via USDC.
Binance founder Changpeng Zhao wrote on X that the exchange is “doing everything possible to help SUI,” but did not provide further details.
▪️The decentralized exchange Cetus, built on the Sui blockchain, was attacked. The hacker drained liquidity from several pools, causing the prices of most Sui tokens to crash by more than 75%. The Cetus team has temporarily suspended its smart contract and launched an investigation.
▪️On DEXs like Cetus, users provide liquidity by depositing tokens into pools. When a hacker “drains liquidity,” it means they remove most of the tokens from a pool, leaving other users without the ability to trade. As a result, token prices collapse and trading becomes impossible.
▪️According to DEX Screener, tokens like LOFI, HIPPO, and CETUS dropped by over 50%, with some assets losing up to 90% of their value.
▪️Analysts at Lookonchain estimate the total damage at $260 million, with around $60 million already converted to USDC, moved to the Ethereum network, and swapped for ETH. PeckShield confirms that over $200 million was stolen, with a similar amount moved via USDC.
Binance founder Changpeng Zhao wrote on X that the exchange is “doing everything possible to help SUI,” but did not provide further details.
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