Crypto

On May 7, 2025, Arizona Governor Katie Hobbs signed a significant law establishing a Bitcoin and Digital Assets Reserve Fund, making Arizona the second U.S. state to do so. This legislation aims to modernize state financial practices and protect residents' virtual assets.

The SEC has officially designated XRP as a 'Strategic Asset for the U.S.' This development is part of the newly established U.S. Crypto Strategic Reserve, which aims to strengthen America's position in the cryptocurrency market.

In March 2025, Bitcoin's price fell by 10% to $83,700, prompted by President Trump's announcement of a U.S. Crypto Strategic Reserve. This initiative aims to strengthen the nation's digital economy but has stirred market volatility and regulatory concerns.

Coinbase, the leading cryptocurrency exchange, is set to acquire derivatives platform Deribit for $2.9 billion, including cash and shares. This acquisition is a strategic move to enhance Coinbase's market position and expand into the lucrative derivatives sector, promising further access to various trading options. With this move, Coinbase not only strengthens its portfolio but also aligns with the broader pro-cryptocurrency climate.

As Senate Democrats enhance their scrutiny of Trump’s crypto dealings, significant regulatory changes are anticipated for the digital asset market in the U.S. A newly proposed bill outlines the roles of the SEC and CFTC, while Sen. Jeff Merkley’s 'End Crypto Corruption Act' targets potential corruption risks within the sector.

In a landmark announcement, President Donald Trump declared the creation of a US Crypto Strategic Reserve, propelling Bitcoin to exceed $93,000. This strategic move, which includes XRP, SOL, and ADA, positions the US to become the leading hub for cryptocurrency. However, clarity on regulatory frameworks remains a crucial factor for implementation.

In a significant move for the crypto custody landscape, Turkish digital investment bank BankPozitif has partnered with Swiss blockchain startup Taurus to bolster its services. Meanwhile, Bank of America CEO Brian Moynihan has indicated the bank's readiness to launch a dollar-backed stablecoin pending legislative approval.

In 2024, North Korean hackers stole a staggering $1.34 billion through cryptocurrency hacks, marking a dramatic increase in their cybercrime operations. This amount represents the highest recorded theft and reflects their ongoing efforts to fund military programs. However, changes in global alliances have led to a decrease in hacking activities in the latter part of the year.

A recent kidnapping case involving a cryptocurrency entrepreneur in Paris has raised alarms regarding the safety of crypto affiliates in France. The victim was rescued by police after suffering severe injuries. This incident follows similar previous kidnappings, unveiling the risks associated with the cryptocurrency landscape.