Day: May 13, 2025

Bitcoin illiquid supply hits 14M BTC as hodlers set bull market record

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Key points: Bitcoin has seen its largest 30-day illiquid supply increase of the current bull market. Illiquid supply now stands at 14 million BTC, more than ever before. Whales are still accumulating as the price returns to six figures. Bitcoin (BTC) investors are turning the BTC supply more illiquid than at any point in its history Data from onchain analytics platform Glassnode shows that Bitcoin’s “illiquid supply” has reached a record 14 million BTC. Bitcoin illiquid supply returns to all-time highs Bitcoin is increasingly finding its way into the hands…

Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs

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Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs. On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations. “Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter. “I have already signed legislation this session…

Arizona governor rejects bill to establish state-run digital asset reserve over fiscal risk

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Key Takeaways Two crypto bills, Senate Bill 1373 and Senate Bill 1024, are dead after the governor’s action. A budget-neutral approach in House Bill 2749 was favored by Hobbs for managing Bitcoin reserves through airdrops and staking. Share this article Arizona Governor Katie Hobbs on Monday vetoed Senate Bill 1373 (SB1373), which proposed establishing a Digital Assets Strategic Reserve Fund to manage and invest in state-held digital assets, according to the state’s bill tracking system. Introduced in February, SB1373 would have authorized the state to manage crypto assets obtained through…

Animoca eyes New York listing, cites Trump’s crypto-friendly stance

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Hong Kong-based Animoca Brands is preparing for a potential listing in New York, citing US President Donald Trump’s relaxed regulatory stance on digital assets as a window of opportunity to enter the world’s largest capital market. Animoca executive chair Yat Siu told the Financial Times that an announcement could be made soon, with the company currently evaluating various shareholding structures. Siu said the decision to pursue a US listing would not hinge on market conditions but rather on timing and strategic positioning. Animoca, which was delisted from the Australian Securities…

Crypto execs cheer as Australia appoints pro-crypto assistant minister

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Australia’s crypto industry has expressed positivity after the recently reelected government named pro-crypto politician Andrew Charlton as assistant minister for the digital economy, artificial intelligence and other emerging technologies.  Prime Minister Anthony Albanese told reporters in Canberra during a May 12 press conference that Charlton would be the new assistant minister for science, technology and the digital economy, working with Tim Ayres, the minister for industry and innovation.  Ayres and Charlton will administer policies and programs promoting advancements in emerging technologies, science, technology, innovation and the digital economy, according to…

Caitlyn Jenner memecoin buyers to regroup after judge tosses suit

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The lawyer for a group of Caitlyn Jenner memecoin buyers said they will continue their legal fight against the ex-Olympian after a judge threw out the case for failing to adequately support the securities and fraud claims it brought. Jenner had escaped a class-action lawsuit from buyers of her self-titled memecoin, Caitlyn Jenner (JENNER) after California District Court Judge Stanley Blumenfeld Jr. said in a motion filed on May 9 that it was “sufficient to conclude that all nine causes of action are deficient” and sided with Jenner in dismissing…

Craig Wright sent enemies to legal ‘hell,’ says judge in restraining order

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A British High Court has issued a restraining order against computer scientist Craig Wright preventing him from filing further defamation suits.  In a May 12 judgment, High Court Judge Edward Mellor said Wright’s repeated false claims and aggressive legal actions created legal “hell” for individuals and developers in the Bitcoin (BTC) community, adding that Wright sought to “weaponise legal systems” to intimidate and silence critics. His lawsuits forced people into costly and time-consuming legal defenses, often based on fabricated evidence, the judge added as he handed out a General Civil…

Trump-owned Truth Social denies it is launching a memecoin

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Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media. “Contrary to rumors, Truth Social is not launching a memecoin,” the official Truth Social account posted on its platform. The social media platform is owned by the Trump Media & Technology Group, with US President Donald Trump owning a majority stake in the company. “There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” Donald Trump Jr., the…

Cardano (ADA) Dips: Temporary Correction or Start of Deeper Move?

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Cardano price started a fresh increase above the $0.750 zone. ADA is now correcting gains from $0.8650 and testing the $0.7750 support. ADA price started a decent increase above $0.750 and $0.7750. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.80 resistance zone. Cardano Price Dips To Support In the…

SEC hacker once Googled ‘if I am being investigated by the FBI’

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Eric Council Jr., the SIM swap hacker who helped compromise the Securities and Exchange Commission’s X account last year, made $50,000 performing similar attacks and even searched how to tell if the FBI is investigating him, recent filings show. The recent filing was part of the prosecutor’s request to sentence him to two years in prison over his role in the hack, which saw the SEC X account publish a false announcement that a spot Bitcoin exchange-traded fund was approved, shaking up the markets.  Council searched: “How can I know…