Day: May 3, 2025

Bitcoin mining — Institutions boost investments amid favorable US climate

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Opinion by: Fakhul Miah, managing director of GoMining Institutional The Bitcoin (BTC) mining industry has never been more attractive to institutional investors. Fintech giants are investing in Bitcoin mining rather than just accumulating the asset, all thanks to the favorable regulatory environment in the US and the profitability margin of BTC.  Then, numerous companies are diversifying by allocating computing power to AI, further strengthening their economics and, thus, investment attractiveness. For now, it looks like the future of the foundational layer for the Bitcoin network could mark the new gusher…

After Zora airdrop goes awry, what’s next for Web3 creator economy?

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Onchain social network Zora has built a reputation as a popular tool for artists, musicians and other creatives to monetize their content onchain, but the recent launch of its eponymous ZORA token has left many users confused and dissatisfied. The token’s price tanked shortly after launch, with users and observers complaining about everything from poor communication from the team to the token’s distribution and utility models.  This comes amid an overall decline in interest in the onchain creator economy and a changing perspective on whether blockchain tools like non-fungible tokens…

Arizona governor rejects bill to add Bitcoin to state reserves

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Key Takeaways Arizona Governor Katie Hobbs vetoed a bill that would allow Bitcoin in state reserves. A related bill, SB1373, could still permit limited investment in digital assets in Arizona. Share this article Arizona will not be adding Bitcoin to its list of official state investments — at least not under Democratic Governor Katie Hobbs. In a veto issued late Friday, Hobbs rejected Senate Bill 1025, also known as SB1025 or “Arizona Strategic Bitcoin Reserve Act,” proposed legislation that would have allowed the state to invest in Bitcoin and other…

Deribit eyes US expansion under crypto-friendly Trump admin: FT

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Deribit, the world’s largest crypto options exchange, is weighing an entry into the US market, encouraged by what it sees as a friendlier regulatory climate under President Donald Trump’s administration, according to a recent Financial Times report. The Dubai-based exchange, which processed $1.3 trillion in notional volume last year, is “actively reassessing potential opportunities” in the United States, CEO Luuk Strijers told the FT. He cited the “recent shift toward a more favorable regulatory stance on crypto in the US” as a key motivator behind the decision. Deribit’s potential plan…

Over 70 crypto firms join forces to tackle big tech’s AI monopoly

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In a move that hopes to challenge Big Tech’s grip on artificial intelligence, AI agent protocol Thinkagents.ai has launched a new open-source framework for building onchain agents that operate autonomously across decentralized networks. While traditional systems aim to restrict data ownership and platform abilities for their users, Thinkagents.ai is creating an interoperable ecosystem owned and controlled by its users. For Mike Anderson, core contributor at THINK, the Think Agent Standard is the future of AI. Anderson and his team developed the Think Agent Standard to enable millions of autonomous onchain…

Arizona governor vetoes bill to make Bitcoin part of state reserves

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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…

Vitalik wants to make Ethereum ‘as simple as Bitcoin’ in 5 years

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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. While recent upgrades like proof-of-stake (PoS)…

Apple softens crypto app rules, ‘hugely bullish’ for crypto industry

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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. Apple…

Bitcoin bros at ‘the club’ may stop US gov’t from buying BTC — Arthur Hayes

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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. Hayes doubts print money plans for Bitcoin “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.…