Arizona lawmakers are close to a final vote on a bill to create a state-level cryptocurrency reserve, holding seized assets like Bitcoin and XRP instead of auctioning them. The bill would also allow the state Treasurer to invest up to 10% of public funds in digital assets and potentially loan them out for returns. This follows previous vetoes by Governor Katie Hobbs in 2025, who cited financial risks and operational concerns. If passed, Arizona would join states like New Hampshire and Texas in establishing strategic crypto reserves, marking a significant step in state-level cryptocurrency adoption.
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
Bitcoin's price pulled back to around $81,150 after briefly exceeding $82,000 on September 4, driven by profit-taking following a short squeeze fueled by softer Federal Reserve rate hike expectations and strong inflows into US spot Bitcoin ETFs total...
The SEC issued Order No. 34-106268 approving XRP and Solana as digital commodities alongside Bitcoin and Ether, allowing actively managed crypto ETFs to hold up to 15% of assets in these coins. This regulatory clarity sparked a $566.9 million short s...
Economists expect the US economy to add about 53,000 to 56,000 jobs in August, a rebound from July's loss. The unemployment rate is forecasted to stay near 4.1%. This jobs report is crucial as it influences Federal Reserve decisions on interest rates...
US August nonfarm payrolls rose by 162,000, nearly triple the expected 56,000, with strong wage growth keeping the Federal Reserve's September rate hike debate active. This stronger-than-expected jobs report caused Bitcoin to drop below $80,000 and g...
