As of February 2025, a growing number of U.S. states are considering legislation to establish strategic Bitcoin reserves as part of their financial strategies. This movement aligns with President Donald Trump's federal initiative to create a national Bitcoin stockpile.
States such as Texas, Pennsylvania, Ohio, Wyoming, Massachusetts, Oklahoma, Illinois, and South Dakota have introduced proposals to invest in Bitcoin. For instance, Texas State Representative Giovanni Capriglione proposed a bill in December 2024 to create a Bitcoin stockpile, emphasizing the state's commitment to fostering innovation in digital assets.
Similarly, Pennsylvania's House of Representatives proposed a bill in November 2024 that would allow the state's Treasurer to allocate up to 10% of various state funds into Bitcoin, potentially enabling a significant investment.
In December 2024, Ohio State Representative Derek Merrin introduced a bill to establish a strategic Bitcoin reserve, granting the State Treasurer discretionary power to purchase the asset.
Wyoming and Massachusetts have also joined this trend, with legislators submitting draft bills in January 2025 to permit their state treasurers to invest public funds in Bitcoin.
As of early February 2025, 16 U.S. states are exploring legislation to establish Bitcoin reserves or enable crypto investments for public funds, with Utah leading the way.
This state-level momentum reflects a broader national interest in integrating Bitcoin into governmental financial strategies, aiming to leverage the cryptocurrency's potential as a hedge against inflation and a tool for financial innovation. $BTC
🔔 Price of BTC has decreased by -1.03% in the past 7d.
🔸 Summary:The price of BTC has decreased by 1.03% over the past 7 days, currently standing at $101,582.18, which is a 4.58% drop from its 7-day high. Despite the decrease in price, the capital flow into BTC has significantly increased by 1,166.59% over the same period, indicating a strong influx of investment. 📈 Technicals: The MACD indicates a bullish sentiment with strong buying pressure, while the OBV confirms a bearish market sentiment with continued selling pressure, and the expanding Bollinger Bands suggest increased market volatility and a potential shift towards a bearish trend.
𝗘𝗹 𝗦𝗮𝗹𝘃𝗮𝗱𝗼𝗿 𝘁𝗼 𝗹𝗶𝗺𝗶𝘁 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 $1.4 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗱𝗲𝗮𝗹 𝘄𝗶𝘁𝗵 𝗜𝗠𝗙 El Salvador and the International Monetary Fund have reached an agreement for the country to limit domestic bitcoin-related activities in exchange for a financing package. The IMF’s Extended Fund Facility, which is expected to extend over the course of 40 months, includes a $1.4 billion loan to back El Salvador’s reform agenda and address the country’s balance of payment needs. With additional financial support expected from the World Bank, the Inter-American Development Bank, and other regional development banks, the total financing package is expected to be worth over $3.5 billion, the IMF said. “Recognizing El Salvador’s pending macroeconomic and structural challenges, the IMF-supported program aims to strengthen fiscal and external stability and help create the conditions for stronger and more inclusive growth,” IMF wrote in its announcement.
Ethereum's scaling solution, Omni Network, launched its Omni Core mainnet on Tuesday. This system aims to unify the fragmented Ethereum Layer 2 ecosystem by serving as the base layer of the Omni Orderflow Engine. With $58 billion in total value locked (TVL) scattered across more than 40 networks, Omni seeks to empower users and developers to interact with Ethereum seamlessly.
Omni leverages "restaking," the reuse of staked assets like ETH to secure multiple blockchain networks, to enhance cross-chain interoperability. Launched in 2023, Omni aims to reduce transaction costs and simplify interactions between different Layer 2 solutions.
Omni Core includes a cross-chain messaging protocol and a custom Ethereum Virtual Machine (EVM) to streamline cross-rollup interactions. At launch, it supports interoperability with Ethereum's base chain and major Layer 2s like Arbitrum, Base, and Optimism.
The open-source Octane framework, combining EVM functionality with Cosmos's CometBFT consensus engine, underpins Omni. The team raised $18 million from investors like Pantera Capital and Jump Crypto last year.
Canadian superstar Drake's X account was seemingly hacked on Saturday night and used to promote a Solana memecoin based on his cartoon "alter ego." Drake, born Aubrey Drake Graham, reposted and then quoted a post by a since-deleted X account promoting a memecoin purportedly called Anita, after Drake's cartoon "alter ego" Anita Max Wynn, a cartoon character inspired by his love of gambling. (Her name sounds like "I need a max win," referencing a common gambling phrase.) The false posts also claimed the memecoin was launched in partnership with Stake, Drake's choice crypto betting platform. The fraudulent coin "$ANITA" shares a name with the rapper's Anita Max Wynn Tour, which will see Drake returning to Australia and New Zealand for the first time since 2017. The memecoin, which was promoted to Drake's over 39 million X followers, saw $5 million in trading volume before traders seemingly realized the coin was fraudulent and stopped buying, according to DexScreener data. The posts were later removed from Drake's account. Drake's account was the latest high-profile X account to suffer a hack in recent weeks. The Cardano Foundation's X account was exploited last Sunday and similarly used to promote a memecoin scam, which saw merely a tenth of the volume as "$ANITA." Other celebrity musician hacking victims include Cardi B, Doja Cat, and Metallica. $SOL
The crypto markets have seen intense volatility since Bitcoin broke through the $100,000 mark for the first time on December 4, with multiple plunges that have sent shockwaves that sank other assets—and piled up liquidations in the process. But while Bitcoin has mostly rebounded from the sizable dips, Dogecoin has lost considerable steam over the last week since popping to a high of $0.48 for the first time since 2021. At a current price just below $0.39, Dogecoin is down nearly 19% since that peak seen late on December 7. And over the last seven days, including data from the hours before that recent high, DOGE is down 15%.
That makes it the biggest loser among the top 10 cryptocurrencies by market cap, outpacing Cardano with a 13% dip during that span, and Solana with a 10% correction. Bitcoin is the only asset in the top 10 that's green on the week, up 0.7% as of this writing at a current price of $100,995. Looking beyond the top 10, other leading meme coins in the top 100 cryptocurrencies have posted even sharper losses over the last week.
Dogwifhat (WIF) is the biggest loser in the top 100, down 28% during that span, while Bonk (BONK) has fallen 23%, Brett (BRETT) is down 22%, and Shiba Inu (SHIB) has matched the DOGE dip at 15%. Overall, the crypto market has fallen by 3% over the last 24 hours, per data from CoinGecko. $BNB $BTC
The crypto markets have seen intense volatility since Bitcoin broke through the $100,000 mark for the first time on December 4, with multiple plunges that have sent shockwaves that sank other assets—and piled up liquidations in the process. But while Bitcoin has mostly rebounded from the sizable dips, Dogecoin has lost considerable steam over the last week since popping to a high of $0.48 for the first time since 2021. At a current price just below $0.39, Dogecoin is down nearly 19% since that peak seen late on December 7. And over the last seven days, including data from the hours before that recent high, DOGE is down 15%.
That makes it the biggest loser among the top 10 cryptocurrencies by market cap, outpacing Cardano with a 13% dip during that span, and Solana with a 10% correction. Bitcoin is the only asset in the top 10 that's green on the week, up 0.7% as of this writing at a current price of $100,995. Looking beyond the top 10, other leading meme coins in the top 100 cryptocurrencies have posted even sharper losses over the last week.
Dogwifhat (WIF) is the biggest loser in the top 100, down 28% during that span, while Bonk (BONK) has fallen 23%, Brett (BRETT) is down 22%, and Shiba Inu (SHIB) has matched the DOGE dip at 15%. Overall, the crypto market has fallen by 3% over the last 24 hours, per data from CoinGecko. $BNB $BTC
Several dog-themed meme coins, including DOG•GO•TO•THE•MOON (DOG) and Baby Doge Coin, have seen significant price increases recently. DOG, launched in April as a Runes token, reached an all-time high of $0.0096, with a market cap of $966 million. Developed by Casey Rodarmor, Runes aims to bring meme coins and NFTs to the Bitcoin network.
DOG's success, partly driven by listings on OKX and Magic Eden, mirrors the broader trend of meme coins' volatile nature. Meanwhile, Baby Doge Coin and Neiro, inspired by a rescue dog adopted by the Dogecoin mascot's owner, have also surged in value. Baby Doge Coin's price jumped 33%, and Neiro on Ethereum reached a $1.1 billion market cap.
Trading volumes for these coins have been substantial on the Gate.io exchange, with DOG, Neiro, and Baby Doge Coin seeing significant activity. Despite a decrease in hype, Bitcoin transactions involving Runes still account for 8% of network activity, indicating their ongoing relevance.
in terms of market capitalization on Dec. 7. The frog-themed memecoin currently has a market capitalization of over $11 billion compared to UNI's market cap of approximately $10.6 billion — hitting a new all-time high in the process.
According to data from CoinMarketCap, Pepe gained approximately 16.8% during the past 24 hours and is up roughly 26% over the past seven days.
At the beginning of 2024, Pepe had a market cap of approximately $591 million. The popular memecoin briefly crossed a market cap of $11 billion on Dec. 5 and is currently floating around that level. The $11 billion market cap represents growth of roughly 18x since the start of the year.
Pepe launched in 2023 following the meteoric success of other memecoins like Dogecoin
. The memecoin, which openly purports to have "no intrinsic value," has become a favorite among memecoin traders. #BURNGMT $BTC
• Bitcoin ETFs now hold more Bitcoin than Satoshi Nakamoto – a sign of robust demand • ETF activity has significantly ballooned this year, spurring BTC’s price on the charts Spot Bitcoin ETFs have been crucial to the cryptocurrency’s demand so
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗣𝗿𝗶𝗰𝗲 𝗕𝗼𝘂𝗻𝗰𝗲𝘀 𝗕𝗮𝗰𝗸 𝗔𝗯𝗼𝘃𝗲 $100𝗞 𝗙𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗟𝗶𝗾𝘂𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗕𝗹𝗼𝗼𝗱𝗯𝗮𝘁𝗵 𝙰𝚏𝚝𝚎𝚛 𝚝𝚑𝚎 𝚑𝚒𝚜𝚝𝚘𝚛𝚒𝚌 𝚖𝚒𝚕𝚎𝚜𝚝𝚘𝚗𝚎 𝚏𝚕𝚒𝚙𝚙𝚎𝚍 𝚝𝚘 𝚊 𝚍𝚊𝚢 𝚘𝚏 𝚙𝚊𝚒𝚗 𝚏𝚘𝚛 𝚝𝚛𝚊𝚍𝚎𝚛𝚜, 𝙱𝚒𝚝𝚌𝚘𝚒𝚗 𝚛𝚘𝚜𝚎 𝚋𝚊𝚌𝚔 𝚊𝚋𝚘𝚟𝚎 𝚝𝚑𝚎 $100,000 𝚖𝚊𝚛𝚔 𝚘𝚗 𝚊 𝚚𝚞𝚒𝚎𝚝𝚎𝚛 𝙵𝚛𝚒𝚍𝚊𝚢. Bitcoin has had a volatile few days, surpassing the $100,000 milestone on Wednesday before plunging below $93,000 on Thursday due to significant liquidations. By Friday, the market had calmed, and Bitcoin gradually regained ground, reaching $101,878 before settling at $101,233.
Thursday saw about $890 million in liquidations across all assets, with Bitcoin accounting for $489 million, mostly from long positions. The rebound on Friday followed a strong U.S. jobs report and the appointment of David Sacks as the White House's first AI and Crypto Czar by President-elect Donald Trump..
Bitcoin recently hit $100,000 for the first time, and analysts predict it could double in value within a year. Geoff Kendrick from Standard Chartered attributes this surge to institutional investors flocking to spot ETFs and companies like MicroStrategy rapidly accumulating Bitcoin. Kendrick expects institutional flows to continue strong into 2025, potentially driving Bitcoin's price to $200,000.
MicroStrategy's aggressive Bitcoin acquisition plan, aiming to buy $42 billion worth over three years, has already seen them amass 402,100 Bitcoin, worth over $40.5 billion. Kendrick also notes that pension funds and sovereign wealth funds could further boost Bitcoin's price if they allocate to spot ETFs.
While some analysts see the $100,000 mark as a psychological milestone attracting new investors, others warn of potential profit-taking and price fluctuations. Despite recent volatility, Bitcoin remains above $100,000, with predictions of further upside if it maintains this level. $BTC
Semler Scientific has added more Bitcoin to its corporate treasury, acquiring 303 Bitcoin at an average price of $96,779 between November 25 and December 4. This brings their total holdings to 1,873 Bitcoin, valued at over $189 million.
Company Chairman Eric Semler reported a BTC Yield of 78.7%. Semler's strategy of using shares of common stock to purchase Bitcoin, tracking the BTC Yield as a key performance indicator, places it 14th among publicly traded companies for Bitcoin holdings.
Initially adopted in May, Semler’s Bitcoin treasury strategy aims to leverage Bitcoin's potential as "digital gold." Other companies like MicroStrategy and Japan's Metaplanet have pursued similar strategies. Semler Scientific (SMLR) is traded on NASDAQ and has seen a 33% increase this year, though it recently closed down by 7.6% at $58.55. $BTC
ℂ𝕠𝕚𝕟𝕓𝕒𝕤𝕖 𝕚𝕟𝕥𝕖𝕘𝕣𝕒𝕥𝕖𝕤 𝔸𝕡𝕡𝕝𝕖 ℙ𝕒𝕪 𝕥𝕠 𝕆𝕟𝕣𝕒𝕞𝕡 𝕗𝕠𝕣 𝕗𝕚𝕒𝕥-𝕥𝕠-𝕔𝕣𝕪𝕡𝕥𝕠 𝕡𝕦𝕣𝕔𝕙𝕒𝕤𝕖𝕤 Coinbase Global (NASDAQ:COIN) added Apple Pay (NASDAQ:AAPL) for all fiat-to-crypto purchases to its Onramp product for onboarding to crypto, as it seeks to streamline what can be a cumbersome process, the company announced on Monday.
The tool eases fiat-to-crypto conversions with "lightweight" know-your-customer ("KYC") requirements for eligible purchases, the company said.
"Onboarding to crypto can be a pain for your users: it can take a long time, require them to go through lengthy KYC (often requiring back and forth interactions), and use multiple apps," Coinbase (NASDAQ:COIN) said in a blog post.
"With Apple Pay, getting onchain only takes seconds," it said.
Apps that already use Coinbase Onramp already have access to the feature. For the app users, Apple Pay will automatically appear as an option when making an eligible purchase.
Coinbase (COIN) stock jumped 3.8% in early afternoon trading on Monday. That comes on a day when bitcoin (BTC-USD) slipped 2.1% to $95.3K.