Bitcoin Miner Hut 8 Doubles Coinbase Credit Facility to $130 Million

Arizona's House of Representatives approved House Bill 2324, creating a framework for a "Bitcoin and Digital Assets Reserve Fund" funded by seized digital assets. The legislation amends forfeiture laws to cover digital assets like Bitcoin and establishes protocols for seizure and sale.

South Korea is considering allowing banks to issue stablecoins first, gradually expanding to non-banking sectors, to address concerns about capital outflows and market disruption. The country has seen a significant increase in digital asset trading, with stablecoins accounting for nearly half of all digital assets transferred abroad in Q1 2025.

SparkKitty, a newly discovered Trojan, is targeting smartphones to steal sensitive data, particularly cryptocurrency wallet information. The malware is embedded in apps related to crypto trading, gambling, and even modified versions of TikTok, primarily affecting victims in China and Southeast Asia.

Athena Bitcoin Global, a U.S.-based crypto ATM operator, has filed to register 473 million common shares for resale by former investors, including early backers and former employees. The move aims to increase the company's profile and attract additional equity capital for expansion.

A new set of principles for comprehensive crypto market legislation was released by the Senate Banking Committee, emphasizing legal clarity, consumer protection, and innovation. The principles, led by Senators Scott, Lummis, Tillis, and Hagerty, aim to define digital asset status, regulatory jurisdiction, and anti-money laundering measures.

A proposed rule change by the New York Stock Exchange aims to allow the listing of a Bitcoin and Ethereum ETF from Trump Media & Technology Group. The ETF, in partnership with Yorkville America, would feature a 75% Bitcoin and 25% Ethereum holdings ratio, with Crypto.com as the custodian and liquidity provider.

Green Minerals, a Norwegian company, plans to invest up to $1.2 billion in establishing a Bitcoin treasury to mitigate fiat risks and embrace financial innovation. The company aims to acquire its first Bitcoin soon and views blockchain as crucial for supply chain transparency in mining.

House Bill 116 and House Bill 18 in Ohio aim to exempt crypto owners from minor tax burdens and establish a state Bitcoin reserve, respectively. Rep. Steve Demetriou is optimistic about advancing digital asset legislation and positioning Ohio as a leader in digital finance.

Nano Labs, a publicly traded company in China, announced plans to invest $1 billion in BNB, aiming to hold 5-10% of the token's circulating supply. This move caused Nano's stock to surge by 64.8% in a day, with plans to acquire $500 million worth of BNB initially.

ProCap, led by Anthony Pompliano, acquired 3,724 Bitcoin worth $395 million after announcing a $1 billion SPAC deal. The purchase was made at an average price of $103,785 per token, reflecting the company's belief in Bitcoin as a crucial asset.