Crypto

Arizona’s plan to invest in Bitcoin has ended in a veto, with Governor Katie Hobbs citing concerns over using public funds for "untested assets." 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. Read more

Vitalik Buterin proposed new architecture and protocol-wide standards to make Ethereum simpler, faster and easier to maintain. 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. Read more

The court ruling is “absolutely huge for crypto,” says a crypto commentator, as iOS applications will no longer be hit with the hefty charge for off-app purchases. Crypto app developers are now free to direct users to payments outside of Apple’s ecosystem without restrictions or hefty fees, after a United States district judge ruled that Apple violated an injunction in its antitrust legal battle against Epic Games. “The Court finds Apple in willful violation of this Court’s 2021 Injunction, which was issued to restrain and prohibit Apple’s anticompetitive conduct and anticompetitive pricing. Apple’s continued attempts to interfere with competition will not be tolerated,” US district judge Yvonne Gonzalez Rogers said in an April 30 court filing. “Effective immediately, Apple will no longer impede developers’ ability to communicate with users, nor will they levy or impose a new commission on off-app purchases,” Rogers added. Read more

Litecoin (LTC) price predictions are becoming more bullish, with traders turning their focus to a near-term retest of $100, and perhaps as high as late-2024/early-2025 highs in the $140 area in the coming weeks. The post New Litecoin Price Prediction Targets $100 and Beyond – Where Is LTC Headed Next? appeared first on Cryptonews.

Arthur Hayes doubts the US government would print money to buy Bitcoin while the “popular narrative” paints Bitcoin bros partying in nightclubs. BitMEX co-founder Arthur Hayes says the United States is unlikely to add more Bitcoin to its reserves beyond what it has already seized due to the country’s high debt levels and the stereotype behind “Bitcoin bros.” “I’m not really into the whole Strategic Reserve situation,” Hayes said in a May 1 interview. “The United States is a deficit country; the only way they can do a Strategic Reserve is not sell the Bitcoin they took from people, fine, that’s 200,000 Bitcoin,” he said. Read more

Blockchain analyst ZachXBT revealed that roughly $7 million of the $330 million in Bitcoin (BTC) stolen from a longtime US crypto holder has been frozen with the help of Binance. The update comes days after ZachXBT first reported a suspicious transfer of 3,520 BTC, worth about $330 million at the time, from a single wallet. […] The post ZachXBT reveals $7M of the OG holder’s stolen Bitcoin was frozen with Binance’s help appeared first on CryptoSlate.

Crypto venture funding reached $4.9 billion in the first quarter of 2025, marking a strong comeback for the industry, according to a May 1 report by Galaxy. The total capital raised was 40% higher than the previous quarter and came from 446 deals, which also reflected a 7% growth during the period. This makes the […] The post Crypto funding hits $4.9B in Q1 2025 with US firms leading the charge appeared first on CryptoSlate.

Moderate optimism can be seen in Bitcoin derivatives data, but not everyone is convinced that new all-time highs are “programmed.” Key takeaways: BTC hit $97,900 due to soaring institutional investor demand, but futures pricing shows traders aren't confident in a sustained rally. Macroeconomic risks and global trade tensions cap bullish sentiment despite $3.6 billion in spot BTC ETF inflows. Read more

Research analysts from Benchmark and Bernstein reiterated buy ratings and set lofty price targets for Bitcoin reserve giant Strategy (MSTR).

Wyoming Senator Cynthia Lummis reportedly said the reward for Donald Trump's memecoin holders "gives [her] pause" while cozying up to the president's Bitcoin reserve plan. Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and White House tour. According to a May 2 CNBC report, Lummis said the idea that the US president was offering exclusive access to himself and the White House for people willing to pay for it “gives [her] pause.” She wasn’t the only member of the Republican Party to be critical of Trump’s memecoin perks, announced on April 23, roughly three months after the then-president-elect launched the TRUMP token.   “I don’t think it would be appropriate for me to charge people to come into the Capitol and take a tour,” said Republican Senator Lisa Murkowski, according to NBC News. Read more

Sen. Cynthia Lummis has urged passage of the BITCOIN Act, arguing that a U.S. Bitcoin reserve would help manage the $36 trillion debt and solidify the nation’s standing in digital finance. The proposal, backed by Rep. Nick Begich and welcomed by Donald Trump, frames Bitcoin as a strategic asset. The post BITCOIN Act Touted by Sen. Lummis to Slash $36T U.S. Debt appeared first on Cryptonews.

One analyst predicts Bitcoin price will hit $135,000 in the next 100 days if certain macroeconomic conditions remain consistent. Key Takeaways: Analyst predicts that a low VIX, specifically below 18, signals a risk-on market, which could potentially boost the Bitcoin price to $135,000 within the next 100 days. The stablecoin market cap hits $220 billion, driving crypto liquidity and Bitcoin’s bullish price action. Read more

The UK's financial regulator is considering a ban on buying crypto with credit, and also mulling outlawing crypto lending and borrowing platforms.

Gala Games is shutting down The Walking Dead: Empires and offering NFT owners assets in other games as compensation.

Mango Markets exploiter Avraham Eisenberg, already awaiting a July sentencing for commodities fraud tied to a $110 million token manipulation, has been given more than four years in federal prison for allegedly possessing almost 1,300 files of child images discovered during his 2022 arrest. The post Mango Markets Exploiter Gets 4 Years for 1.3K Child-Exploitation Images appeared first on Cryptonews.

Strategy goes full laser-eyes for Bitcoin while Cboe pats itself on the back for its “really nice” crypto ecosystem.

The pair took voluntary resignation offers and left their positions after only a little more than a year of government service, according to two people.

EU lawmakers have finalized AMLR that will close anonymous Crypto Accounts, ban privacy coins from July 2027, and place large exchanges under AMLA oversight. Regulators plan a bloc-wide register by 2029 and checks on self-hosted wallets to align crypto compliance with banking standards. The post Crypto Accounts Purged: EU Imposes Anonymous Wallet Ban on 1 July 2027 appeared first on Cryptonews.

While U.S. stocks have recovered from Trump’s unveiling of "reciprocal" tariffs, the greenback is still weaker.

Elon Musk's "truth-seeking" chatbot Grok is causing conservative meltdowns by settling arguments in favor of the left.