Texas | Crypto

Crypto majors were slightly red, with BTC down 1% at $86,600 and ETH down 1% at $2,910, while BNB gained 1% to $856 and SOL held steady at $136. Among top movers, MON (+24%), SPX (+13%), and IP (+7%) led the market. In policy and institutional developments, Texas launched its Bitcoin reserve with a $5 million purchase of BlackRock’s IBIT ETF, marking the first deployment of its approved $10 million BTC budget. U.S. Bank completed a test of issuing a proprietary stablecoin on the Stellar network, and MoonPay secured a New York trust charter, joining firms like Coinbase and Ripple to expand institutional custody and service capabilities. Polymarket received CFTC approval to reenter the U.S., enabling it to onboard domestic users, brokers, and intermediaries, while Kalshi was blocked in Nevada from offering sports and election markets after a judge reversed an earlier ruling. Klarna introduced its own stablecoin, KlarnaUSD, on Tempo. Meanwhile, the Department of Homeland Security has reportedly been investigatin...

Coinbase has announced it will leave Delaware and reincorporate in Texas, framing the shift as a move toward regulatory efficiency. The decision has reflected wider competition among states and has aligned with Texas’ appeal to technology and digital finance firms. The post Coinbase Leaves Delaware, Reincorporates in Texas as State Rivalry Heats Up appeared first on Cryptonews.

The US-based cryptocurrency exchange has not had a brick-and-mortar headquarters amid adopting its “remote-first” policy, but maintains offices in San Francisco and New York City. Cryptocurrency exchange Coinbase will reincorporate to Texas from Delaware, a move highlighting the respective states’ legal and regulatory environments. In a Wednesday X post, Coinbase Chief Legal Officer Paul Grewal said the crypto exchange would move its incorporation to Texas. In a Wall Street Journal op-ed, Grewal wrote that the climate in Delaware’s courts had become “rife with unpredictable outcomes,” while Texas offered “efficiency and predictability.”  “This decision was not made lightly, but we’ll always do what’s best for our customers, our employees, and our shareholders,” said Grewal. Read more

CleanSpark expanded its power capacity and secured a Texas site for its new AI campus, reflecting a broader shift among Bitcoin miners toward high-performance computing. Bitcoin miner CleanSpark expanded its power capacity by 28% in October as part of a broader push beyond crypto mining into artificial intelligence and high-performance computing (HPC). The US-based company said it had acquired 271 acres near Houston, Texas, securing 285 megawatts of long-term power for a dedicated AI data center. The move marks one of CleanSpark’s largest steps yet to diversify its operations as demand for energy-intensive computing continues to surge. CleanSpark’s AI move also led to a new partnership with Submer, a company that offers cooling solutions for data centers. “While Bitcoin remains an integral part of our business, we’re equally focused on developing large-scale data centers that will power the next generation of innovation across the digital world,” said Matt Schultz, CleanSpark’s CEO and chairman. Read more

The cryptocurrency with the second-largest market cap was on its way to meeting requirements under Texas' crypto reserve law until a price drop on Friday. This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset. Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of passage. “I’m really interested to see the speed at which they establish the reserve and how it acts from a returns standpoint,” said Schwertner. ”If Ethereum maintains its market cap over 24 months, I think it’s reasonable and prudent to give directi...

Look! In the sky! It's a flying burrito! Chipotle's drone test with Zipline starts this week in Rowlett, Texas, promising faster food deliveries.

A new More Perfect Union video sheds light on what life is like for Granbury, Texas, residents living with the near-constant noise of a Bitcoin mining operation. Many residents of a Texas town southwest of Dallas, facing health problems allegedly associated with constant noise, don’t seem to have anything good to say about a crypto mining facility run by MARA Holdings. In a video released Thursday by the nonprofit advocacy organization More Perfect Union, reporter Dan Lieberman spoke to residents of Granbury, Texas, some of whom lived less than a mile from MARA’s 300-megawatt Bitcoin (BTC) mining facility. Many long-term residents and retirees described life as “hell” under the near-constant noise of the mining operation, which lies in an unincorporated area of Hood County.  “It never goes away, headaches never go away,” said one elderly resident on camera, with the sound of the facility easily heard in the background. Read more

Governor Greg Abbott signed a bill into law allowing Texas residents to use the precious metals for “day-to-day financial transactions” starting in May 2027. Some Texas residents are already expressing skepticism about a recently passed law recognizing gold and silver as legal tender in the state, as well as “the establishment of a transactional currency” based on the precious metals. In a Sunday X post, Texas Governor Greg Abbott announced that he had signed House Bill 1056 into law after passage in the state House of Representatives and Senate. The bill, expected to take effect on May 1, 2027, amends the state government code to recognize gold and silver as legal tender and for residents to use them in everyday transactions based on the comptroller’s determined value at the time. Abbott cited a clause of the US Constitution stating no state shall “make any thing but gold and silver coin a tender in payment of debts,” though the law would not prohibit Federal Reserve notes or other US currency for use as leg...

Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds […] The post Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund appeared first on CryptoSlate.

Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes any comparable action. Governor Greg Abbott on Saturday signed Senate Bill 21, a law that explicitly allows the state to buy and hold Bitcoin and other top-tier cryptocurrencies. The measure passed the Texas House and […] The post Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers appeared first on CryptoSlate.

Texas becomes the first US state to commit public funds to a standalone Bitcoin reserve, aiming to treat BTC as a long-term strategic asset. Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will hold Bitcoin as part of the state’s long-term financial assets. The newly established reserve operates independently of Texas’ general treasury system and aims to strengthen the state’s financial resilience while serving as a potential hedge against inflation, according to the bill text. Furthermore, only assets with a market capitalization exceeding $500 billion are eligible for inclusion, a threshold currently met only by Bitcoin (BTC). Read more

Governor Greg Abbott posted to his official X account on May 22, roughly a day after the legislature passed a bill to create a strategic Bitcoin reserve in Texas. Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve. In a May 22 X post, Abbott posted a Techstory article about Texas state lawmakers’ efforts to create a Bitcoin (BTC) reserve. The story pointed out that the decision for the passage of SB 21, the bill in question, now rests on Abbott’s shoulders, roughly three months after it was introduced.  Since taking office, Abbott referred to himself as a “crypto law proposal supporter” in 2021 and suggested that he would support policies to establish Texas as a “crypto capital” in 2024. Texas was one of a handful of state-level governments that proposed setting up a strategic crypto reserve after the 2024 federal elections.    Read more

BTC hits ATH, InfoFi battle begins, Texas passes BTC bill FOMO HOUR EP363 BTC hits new ATH of $111k. BTC on track for first golden cross since Oct. Funding rates on majors remain very low. BTC OI on Deribit at record $42.5b. Hyperliquid whale increases BTC position to $1.1bn. Miners appeared dumped BTC right before ATH. HYPE leads rally in L1s, nears ATH. Cetus on SUI faces exploit. IBIT now top 5 in YTD inflows across all ETFs. VanEck to launch private digital asset fund in June. Binance to list WLFI USD1 stablecoin. SOL Mobile’s 2nd Gen Seeker to ship from Aug 4. WLD raises $135m from VCs for expansion. Synthetix drops $27m Derive deal. Hong Kong passes stablecoin bill. Coinbase leak likely happened in December. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to F...

BTC nears ATH, InfoFi battle begins, Texas passes BTC bill FOMO HOUR EP362 BTC records highest daily close ever, nears ATH. Texas passes BTC reserve bill, heads to governor. ETH co-founder sends $262m ETH to Kraken. More Americans now own BTC than Gold. Strive to buy $8bn BTC claims for Mt Gox. Hyperliquid whale increases BTC long to $675m. New York City creates crypto advisory council. Societe Generale launches USD stablecoin on ETH. SUI ecosystem sees $83m of inflows in 24 hours. BTCS buys $8.4m ETH, to raise $58m to buy more. SEC delays decision on XRP, DOGE ETF proposals. Robinhood sends proposal for RWA token regulation. SEC sues Unicoin alleging fraud. Genesis sues DCG and its CEO alleging fraud. Kraken launches crypto derivative offering in Europe. Crypto should be regulated, not banned: India SC. Argentina dismantles Libra scandal task force. South Korea tightens crypto regulations. xAI to collab with Robinhood and Kalshi. FOMO HOUR brings you the biggest daily news, updates and events from inside and...