Texas Governor Greg Abbott has signed House Bill 4488 (HB4488) creating a legal shield for select state funds including any Bitcoin reserve established outside the state treasury. The new law ensures these funds cannot be pulled into the state’s general revenue giving added protection to future digital asset reserves.

The bill also covers other strategic funds such as the Texas Advanced Nuclear Development Fund and the Gulf Coast Protection Account. These will be formed or reformed as separate entities either within or outside the treasury depending on the requirements of their enabling legislation.

Governor Abbott has not yet acted on Senate Bill 21 which would allow Texas to invest in cryptocurrencies like Bitcoin that have a market cap above 500 billion dollars. Currently only Bitcoin qualifies. He has until June 22 to sign veto or let the bill pass into law without action. If approved the Texas Strategic Bitcoin Reserve would become a protected entity under the framework now set by HB4488.

House Bill 4488

Today, the government of Norway announced its plans to introduce a temporary ban on establishing new Bitcoin and cryptocurrency mining data centres.

The government concluded that it was better to redirect electricity to other industries and economic sectors and that it would be better for the national interest.

“The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” said the Minister for Digitalization and Public Administration Karianne Tung.

The ruling Labour Party has attributed the upcoming ban to the excessive electricity consumption by power-intensive Bitcoin and crypto mining operations, which it says…

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For as long as bitcoin has existed, self-custody–the ability to transact with and hold your own wealth without the need for a third party intermediary like a bank or other financial institution–has been central to the offer. 

For some, self custody is a firmly-held belief in the right to “be your own bank.” For others, it’s a practical step taken to safeguard a valuable asset that can be–and has been–lost to exchange hacks, mismanagement, or FTX-style collapse. A bit like keeping a safe full of cash at home, if there’s a run on the “bank,” your coins are immune. 

And while the “how” of self custody has changed forms throughout bitcoin’s history,…

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In a wide-ranging conversation, Bitcoin Magazine Pro’s lead analyst Matt Crosby sat down with on-chain cycle expert Rational Root to explore the pressing question on many investors’ minds: Are Bitcoin’s historic four-year cycles still intact, or is institutional adoption fundamentally altering Bitcoin’s long-established rhythm?

The discussion dives into on-chain metrics, ETF flows, market psychology, and corporate accumulation—all central to understanding whether Bitcoin’s next big move is delayed, dampened, or still ahead.

On-Chain Market Position: Not Overheated Yet

According to Rational Root, the Bitcoin market is far from cycle exhaustion.

“We’re only…

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Recent announcements in quantum computing have brought renewed attention to the question of how these advances could impact Bitcoin. In a newly published report, we provide an overview of the current state of quantum computing, the threat model for Bitcoin, and the next steps being considered. This post offers a summary of our key findings and recommendations. See the full report here.

Timeline for Bitcoin Preparation to Quantum Computing

We outline a dual-track migration strategy for Bitcoin in response to the potential emergence of quantum computing.

Long-Term Path: This comprehensive approach assumes that there is still a substantial window of time before quantum… Read more on BitcoinMagazine

Kindly MD, Inc. (NASDAQ: NAKA) has announced it has secured an additional $51.5 million in private placement financing to its Bitcoin treasury strategy, as it prepares to merge with Bitcoin-native holding company Nakamoto Holdings Inc.

Nakamoto has raised an additional $51.5M in PIPE investment this morning. This brings our treasury to $763M in escrow, pending approval of our merger with KindlyMD.

— Nakamoto (@nakamoto) June 20, 2025

To date, KindlyMD has raised a total of approximately $563 million in PIPE financing and $763 million including convertible notes, according to the announcement.

“Investor demand for Nakamoto is incredibly strong. This additional financing…

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Coinbase has become the first American crypto exchange to receive the EU’s Markets in Crypto Assets (MiCA) license from Luxembourg’s top financial regulator. This major approval allows Coinbase to offer crypto services across all 27 EU countries under a single framework. The company is now shifting its main European hub from Ireland to Luxembourg which it sees as a more progressive financial center.

The MiCA license is part of a new EU-wide regulation that aims to protect crypto users and bring legal clarity to the market. Coinbase praised Luxembourg for its pro-business environment and commitment to innovation in crypto. The exchange said the move supports its mission to push crypto adoption across Europe.

Despite relocating its hub Coinbase continues to invest in Ireland with plans to add 50 new jobs in Dublin. The company joins global rivals like Bybit and OKX who have also received MiCA approval. Coinbase leadership says this is a big step forward for the future of crypto in Europe.

BitBox announced today it has launched the BitBox02 Nova, a redesigned hardware wallet built for Bitcoin self-custody, which introduces native compatibility with iOS devices and a new Bluetooth communication system called Whisper.

The device marks a shift from the original BitBox02 by addressing a long standing limitation in its compatibility with iPhones and iPads. Instead of relying on software workarounds, BitBox developed new hardware to meet Apple’s requirements for native support.

“Our customers are at the heart of every decision we make,” said the CEO and co-founder of BitBox Douglas Bakkum. “The BitBox02 Nova embodies this, delivering a cold wallet our customers…

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