Arizona Pioneers Bitcoin Reserve Initiative, Setting a Precedent for State-Level Crypto Adoption
In a landmark move for cryptocurrency adoption, Arizona has passed House Bill 2749, establishing a 'Bitcoin & Digital Assets Reserve' funded by abandoned digital holdings. This legislation, signed by Governor Katie Hobbs, positions Arizona as the second U.S. state after New Hampshire to integrate Bitcoin into public reserves, and the first to mandate the inclusion of unclaimed tokens. This progressive step underscores the growing recognition of digital assets as a legitimate component of state financial strategies, potentially paving the way for broader institutional acceptance of cryptocurrencies. The reserve, entirely funded by unclaimed digital assets, reflects a forward-thinking approach to managing and leveraging blockchain-based assets. As of July 2025, this development signals a significant shift in how states may approach cryptocurrency regulation and utilization, further solidifying Bitcoin's role in the future of finance.
Arizona Passes Bitcoin Reserve Bill, Becomes Second US State
Arizona has enacted House Bill 2749, rewriting the state’s unclaimed-property code to include cryptocurrencies and establishing a 'Bitcoin & Digital Assets Reserve' funded entirely from abandoned digital holdings. Governor Katie Hobbs’ signature makes Arizona the second state after New Hampshire to adopt a statutory framework for holding Bitcoin as part of public reserves. Notably, Arizona is the first to mandate that unclaimed tokens be transferred to the state 'in their native form,' rather than liquidated for cash.
The bill, sponsored by Republican Rep. Jeff Weninger, passed with bipartisan support. Weninger framed the MOVE as a strategic step toward institutionalizing digital assets in public finance. This development signals growing legislative confidence in cryptocurrency as a reserve asset, with Arizona leading the charge in preserving tokens’ original form.
Bitcoin Price Flashes Bullish Signal, Historical Trends Suggest Rally Ahead
Bitcoin's price action is triggering a rare technical signal that has preceded every major rally this cycle. The weekly chart shows Bollinger Bands tightening—a pattern observed just four times since 2022, each followed by explosive upside.
Crypto analyst Bitcoinsensus notes this setup mirrors conditions before Bitcoin's 2023 surges. The last three occurrences saw average gains of 137% within 90 days. Market makers are reportedly accumulating BTC derivatives at key support levels.
MicroStrategy’s Stock Surges 75% Amid Bitcoin Rally to $100K
MicroStrategy's bold bitcoin bet continues to defy skeptics as its stock climbs 75% in tandem with BTC reclaiming the $100,000 threshold. The enterprise software firm, now trading at a 12-month high despite reporting Q1 losses, demonstrates how corporate crypto adoption creates asymmetric upside potential.
Market observers note the irony: while credit rating agencies warn of MicroStrategy's Leveraged Bitcoin position, shareholders reap the rewards of its conviction. CEO Michael Saylor's uncompromising accumulation strategy—holding 214,246 BTC—has transformed the company into a de facto Bitcoin proxy for traditional investors.
OCC Greenlights Banks to Trade and Custody Crypto on Behalf of Clients
The U.S. Office of the Comptroller of the Currency (OCC) has clarified that national banks are permitted to hold, trade, and custody cryptocurrencies like Bitcoin (BTC) for their clients. In an interpretive letter issued on May 7, the regulator emphasized that these activities must comply with existing laws.
Rodney Hood, CEO of the OCC, stated that banks may also provide ancillary services such as record-keeping, tax reporting, and third-party sub-custody arrangements. This move signals growing institutional acceptance of digital assets within traditional finance frameworks.
$263 Million In Crypto Shorts Liquidated as Bitcoin Nears $100,000
Bitcoin's resurgence above $99,000 has triggered a wave of liquidations in the derivatives market, with $263 million in short positions wiped out. The rally marks the cryptocurrency's first return to these levels since February, putting the psychologically significant $100,000 threshold within reach.
Altcoins outperformed BTC's 2.5% daily gain, suggesting broad-based market strength. The move follows a brief pullback below $94,000 earlier in the week, demonstrating the market's capacity for rapid recovery.
Trump Trade News Ignites Bitcoin Mania—$100K Coming?
Bitcoin surged toward the $100,000 mark following speculation around a major international trade deal teased by former US President Donald Trump. The cryptocurrency climbed from $97,100 to $99,200 after TRUMP hinted at the agreement on his Truth Social platform, with formal details expected to involve the United Kingdom.
Market observers attribute the rally to trade-related optimism, with FOMO21 co-founder Neil Jacobs suggesting Trump's announcement acted as a catalyst. The New York Times reports the deal will be unveiled at the WHITE House, though UK officials remain tight-lipped on specifics.
