This week, three U.S. states have enacted bitcoin-related bills into law.

On Tuesday, New Hampshire became the first state to sign into law a bill that would allow for the creation of a strategic bitcoin reserve (SBR).

On Wednesday, Arizona enacted its second bill related to bitcoin, blockchain, and digital assets.

Also on Wednesday, Oregon’s governor signed a bill into law that updates the state’s commercial code to have it recognize digital assets such as bitcoin as collateral.

New Hampshire Can Now Establish An SBR

On Tuesday, New Hampshire signed HB302 into law, making it the first state in U.S. history with the legal footing to create an SBR.

New Hampshire is once again First…

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Missouri lawmakers have approved a sweeping tax reform that eliminates state income tax on capital gains including those from cryptocurrency trades. The bill now heads to Governor Mike Kehoe for final approval. Supporters say the move will encourage investment and innovation especially in digital assets like Bitcoin and Ethereum.

The bill passed with strong Republican backing while most Democrats abstained or voted present. Lawmakers project a $430 million revenue loss this fiscal year and $340 million annually. Despite budget concerns the bill also expands tax credits for low-income seniors and exempts sales tax on diapers and feminine hygiene products.

Crypto advocates see this as a major win since digital asset gains will now be tax free in Missouri starting in 2025. The change could attract more crypto traders and investors to the state promoting long-term holding and market growth. Corporate capital gains will remain taxed until 2030 but this delay helped ease Senate opposition to the measure.

Bill

A Strategic Bitcoin Reserve is a designated accumulation of Bitcoin (BTC) held by a government, institution, or corporation to secure financial stability, hedge against inflation, and reinforce economic sovereignty. Similar in function to gold or foreign exchange reserves, it leverages Bitcoin’s fixed supply, decentralization, and global liquidity to mitigate economic and geopolitical risks.

What is a Strategic Bitcoin Reserve

A Strategic Bitcoin Reserve (SBR) represents a deliberate holding of Bitcoin by national governments or large corporations as part of their strategic financial reserves. Rather than speculative investment, the goal is long-term economic protection and…

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Arizona has made history by becoming the second state in the U.S. to create a Strategic Bitcoin Reserve. On Thursday, Governor Katie Hobbs signed House Bill 2749 into law, officially launching the Arizona Bitcoin & Digital Assets Reserve, a pioneering move that channels profits from unclaimed property into Bitcoin and other top-tier digital assets.

The bill outlines several key features:

Redirection of unclaimed-property profits toward Bitcoin and other digital assets Use of interest, staking rewards, and airdrops from abandoned property to fund strategic acquisitions Strong diversification rules, ensuring Bitcoin supplements — but doesn’t dominate — Arizona’s investment… Read more on BitcoinMagazine

Maxfield Mellenbruch — an American sculptor, designer, and the creator of the iconic Kialara series — returns to the bitcoin stage with Rare, a platinum and gemstone-encrusted sculpture appraised at over $2 million. Mellenbruch first gained recognition in 2014 for crafting cold-storage Bitcoin wallets that blurred the line between high design and cryptographic function, earning a cult following among early adopters and collectors alike. His work explores themes of security, value, and permanence in the digital age.

Now, with Rare, he unveils his most ambitious piece to date. On view exclusively in the Deep Vault VIP exhibition during Bitcoin Conference 2025 in Las Vegas, Rare…

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Bitcoin is racing toward a new all-time high as bullish sentiment intensifies. Standard Chartered’s head of digital assets Geoffrey Kendrick now believes his previous target of $120,000 by Q2 might be too conservative. He previously forecasted this high based on strong accumulation by major holders and a shift away from US-based assets.

Kendrick noted that Bitcoin’s dominant narrative has shifted from risk asset correlation to powerful inflows from institutional investors. With the cryptocurrency trading just below $100,000 he highlighted that the $120,000 mark now looks very achievable and could be surpassed soon. Inflows into US spot Bitcoin ETFs have topped $5.3 billion in just three weeks indicating massive institutional interest.

Large-scale investments are supporting the rally including MicroStrategy’s continued Bitcoin purchases and holdings by major entities like the Abu Dhabi sovereign fund and the Swiss National Bank. Kendrick remains confident with a year-end target of $200,000 suggesting Bitcoin’s momentum is far from over.

Standard Chartered’s Head of Digital Assets, Geoffrey Kendrick, is rethinking his bullish bitcoin forecast, and not because he was too optimistic.

“I apologise that my USD120k Q2 target may be too low,” Kendrick said Thursday in an email to clients, walking back his earlier prediction that bitcoin would peak around $120,000 in Q2 2025.

Just last month, Kendrick projected a new all-time high for bitcoin by mid-year, driven by “a strategic asset reallocation away from US assets” and accumulation by “whales” referring to major holders with large positions. 

But with bitcoin now hovering near $100,000 and surging more than 3% on the day to $99,293.54, Kendrick admits the…

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Bitcoin and crypto exchange Coinbase has agreed to acquire derivatives trading platform Deribit for $2.9 billion, marking the largest acquisition in the industry’s history.

Coinbase will acquire Panama-based Deribit, which currently handles a massive volume of global Bitcoin and crypto options trading volume. Subject to regulatory approvals, the acquisition is expected to close in the second half of 2025.

Under the terms of the agreement, Coinbase will pay $700 million in cash and 11 million shares of Coinbase’s Class A common stock, the company said in a blog post.

Deribit CEO Luuk Strijers said, “We’re excited to join forces with Coinbase to power a new era in…

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