LATEST: Michigan Lawmakers Propose Four New Crypto Bills

Michigan is taking major steps toward embracing cryptocurrency with four new bills introduced by lawmakers aimed at supporting digital assets and blockchain innovation. Representative Bill Schuette filed House Bill 4510 allowing the state to invest in crypto assets like Bitcoin and Ether through regulated exchange-traded products. This move opens the door for crypto to become part of Michigan’s public retirement portfolio.

Another bill HB 4511 led by Representative Bryan Posthumus would ban state authorities from restricting crypto use or supporting a central bank digital currency. It ensures residents can use digital assets freely without needing special licenses and blocks state-level CBDC endorsement.

Lawmakers are also targeting crypto mining. HB 4512 would launch a Bitcoin mining program at abandoned oil and gas sites requiring clear legal and financial documentation from interested miners. A related bill HB 4513 updates state tax law to include income earned from these mining efforts. This four-bill package signals Michigan’s strong support for crypto growth and innovation.

House Bill 4510

House Bill 4511

House Bill 4512

House Bill 4513

LATEST: Australian Firm Monochrome Bitcoin ETF Reaches 550 BTC in Holdings

Australian digital asset investment firm Monochrome Bitcoin ETF (IBTC) has hit a new record with $94.67 million AUD in assets under management as of May 22 2025. The fund now holds 550 bitcoin becoming a strong indicator of growing demand for regulated bitcoin exposure through traditional investment channels.

As the first ETF in Australia to directly hold bitcoin IBTC offers investors a trusted secure way to invest in bitcoin without handling the digital asset themselves. From just over $54 million in early May to nearly $95 million the fund’s growth has been rapid and consistent showing powerful momentum in crypto-based investment products.

Strong investor interest in IBTC shows bitcoin is becoming a serious part of mainstream portfolios in Australia. With this success Monochrome is leading a new era of regulated crypto investments giving Australians safer access to the potential of digital assets.

LATEST: Bitcoin Open Interest Hits Over $80 Billion as Price Drops Under $111K

Bitcoin futures open interest has soared to an all-time high signaling growing confidence in a major price rally. On May 23 open interest crossed $80 billion on crypto derivatives platforms marking a 30% rise since the start of the month. Traders are heavily betting on Bitcoin reaching new peaks with large positions placed using borrowed funds.

Analysts believe the surge reflects strong market optimism fueled by spot Bitcoin ETF inflows which added over $2.5 billion this week. This could help stabilize the market against the risk of mass liquidations from high leverage positions. Bitcoin options markets show similar excitement with over $1.5 billion in bets at $110,000 and $120,000 strike prices on Deribit and over $1 billion more at higher levels.

About $2.76 billion in contracts are set to expire on May 23 with a put to call ratio of 1.2% suggesting more short bets than long. The max pain point is at $103,000 where most losses will be concentrated.

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15 Years Since 10,000 BTC Bought Two Pizzas And Changed Everything

On May 22, 2010, Bitcoin became more than just an idea—it became real money. Laszlo Hanyecz, a developer and early contributor to Bitcoin’s codebase, posted a casual offer: “I’ll pay 10,000 bitcoins for a couple of pizzas.” Five days later, someone took him up on it. Two Papa John’s pizzas were delivered. A screenshot was posted. Bitcoin had entered the real world. 

That 10,000 Bitcoin, worth about $41 at the time, is now valued at over $1.1 billion. And with Bitcoin hitting a new all-time high of $111,999 on the 15th anniversary of the transaction, the story of the “Bitcoin Pizza” carries more weight than ever.

It wasn’t just about the pizza. This was the moment…

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The Freedom Issue: Letter From The Editor

Bitcoin is freedom money, a censorship-resistant form of digital cash allowing anyone with an internet connection to send money to anyone else, regardless of nationality, borders, or other arbitrary restrictions.

I personally first heard about Bitcoin in early 2013, through friends who were buying… stuff from Silk Road, the darknet marketplace helmed by the mysterious Dread Pirate Roberts. Although Silk Road was controversial (the “stuff” most people bought and sold was, of course, illegal drugs), it represented a radical example of the form of freedom that Bitcoin provides.

Later in 2013, Silk Road was shut down by the FBI, and Ross Ulbricht was revealed as the…

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H100 Group Became The First Publicly Listed Bitcoin Treasury Company In Sweden

H100 Group AB has announced it has become Sweden’s first publicly listed health technology company to adopt Bitcoin as a treasury reserve asset, announcing the purchase of 4.39 BTC for 5 million NOK (approximately $475,000) as part of its long-term Bitcoin Treasury Strategy.

The Stockholm-based company, which provides AI-powered automation and digital solutions for healthcare providers, joins a growing roster of public companies adding Bitcoin to their balance sheets in 2025. The purchase was executed at an average price of 1,138,737 NOK per Bitcoin (roughly $108,200).

“This addition to H100’s Bitcoin Treasury Strategy follows an increasing number of tech-oriented…

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Michael Saylor’s Strategy (MSTR) Opens $2.1B ATM Program For Strife Preferred Stock

Strategy has launched a $2.1 billion At-The-Market (ATM) equity program for its Strife (STRF) preferred stock, marking another step in the firm’s long-term strategy to build a Bitcoin-backed financial architecture.

The announcement was made by CEO and President Phong Lee during an investor update alongside Executive Chairman Michael Saylor. According to Lee, strong year-to-date results from the firm’s Bitcoin-linked securities Strike (STRK) and Strife (STRF) gave Strategy the confidence to expand its fundraising strategy. 

“We’re currently at 16.3% BTC yield for the year, against a 25% target,” Lee said. “BTC dollar gain is $7.7 billion so far, on track toward…

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Bitcoin celebrates Pizza Day with price record, Hall of Fame induction

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

Today’s Bitcoin Pizza Day is shaping up to be a special one.

Yes, it’s the first Pizza Day where the two pies in question are worth over $1 billion, but that’s not what I’m talking about here. 

No, sometime today, in the heart of New York City, in the back of a humble bar room, Laszlo Hanycez’s heroic contribution is going to be honored with something else — a simple metal plaque that represents his induction into the Bitcoin Hall of Fame.

Officially launching at Pubkey Bar and Restaurant, it’s a small addition to the 500 or so Hall of Fames estimated to have been established…

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Nigel Farage To Speak At Bitcoin 2025 Conference

We are pleased to announce that Nigel Farage will join the speaker lineup at the Bitcoin Conference 2025 in Las Vegas. A defining figure in modern European politics, Farage led the Brexit movement that took the United Kingdom out of the EU, reshaping global conversations around national sovereignty. He is the founder and current leader of Reform UK, a rising political force now polling competitively, positioning him as a serious contender for to be the next UK Prime Minister.

A former Member of the European Parliament for over 20 years, Farage built his reputation challenging supranational institutions and unelected power—values that resonate deeply with the Bitcoin community. He…

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