The Arizona Senate has voted to revive a previously defeated bill to establish a state-managed Bitcoin reserve fund, breathing new life into the state’s ongoing push to integrate digital assets into government financial systems. House Bill 2324, which was originally rejected in the House during its third reading on May 7, was brought back for reconsideration. The Senate passed a motion in a narrow 16-14 vote on Thursday. The bill will now return to the House for another vote. Arizona lawmakers renew push to establish state-backed Bitcoin reserve fund HB 2324 proposes creating a “Bitcoin and Digital Assets Reserve Fund” to manage digital assets acquired through criminal forfeitures . The bill, introduced by Republican Senator Jeff Weninger, is part of a broader push in the Arizona Legislature to regulate and integrate digital assets into public policy. Under the bill’s provisions, the first $300,000 worth of forfeited digital assets would be allocated to the Attorney General’s Office. At the same time, any amount above that would be split — 50% to the AG, 25% to the general fund, and 25% to the newly established reserve fund. The Senate vote on reconsideration followed partisan lines, with Republican Senator Jake Hoffman as the lone GOP member to oppose the measure. The motion was filed by Senator Janae Shamp, who originally voted against the bill — a requirement under Arizona legislative rules. To advance, the bill now needs a majority vote in the House, which has 60 members — 33 of whom are Republicans — before it can be sent to Governor Katie Hobbs for final approval. Hobbs greenlights crypto reserve without taxpayer risk Governor Hobbs seems to be picking and choosing her approach to crypto legislation. On May 7, she enacted HB 2749 into law, which permits the state to hold onto unclaimed cryptocurrency and establish a Bitcoin reserve without relying on taxpayer funds. It also allows the state to stake crypto holdings and to participate in airdrops; any proceeds would be deposited in the reserve fund. However, Hobbs vetoed two other crypto bills in May. She vetoed SB 1025 on May 2nd. The bi ll was intended to develop the “Arizona Strategic Bitcoin Reserve Act,” and authorize the state treasurer to invest as much as 10% of the treasury’s assets in cryptocurrencies. She was worried that the public funds would be risked in volatile investments. She also rejec ted SB 1373, which would have created the “Digital Assets Strategic Reserve Fund,” on May 12. “Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” Hobbs wrote in a veto letter. “I have already signed legislation this session allowing the state to utilize cryptocurrency without putting general fund dollars at risk.” HB 2324 would also update Arizona’s asset forfeiture laws to include digital assets if passed. The bill outlines procedures for the seizure and custody of crypto assets under specific conditions, such as when the owner is deceased, deported, or cannot be identified after diligent efforts. The upcoming House vote will determine whether Arizona will take another step forward and become one of the most crypto-forward states in the US. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Ex-Animoca exec had his crypto wallets drained after downloading a fake Zoom update during a phishing attack linked to North Korean hacking group Lazarus. Mehdi Farooq, an investment partner at Hypersphere and ex-Animoca Brands exec, revealed in a post on X on Thursday that he lost a large portion of his life savings in a Zoom hack linked to the North Korean hacking group Lazarus. The scam began when Farooq received a Telegram message from Alex Lin, a professional acquaintance. Lin asked to catch up, and Farooq shared his Calendly link to schedule a call. The next day, shortly before the meeting, Lin messaged again, asking to switch the call to Zoom Business “for compliance reasons,” explaining that one of his limited partners, Kent — whom Farooq also knew — would be joining. The Zoom meeting appeared legitimate. Both participants had their cameras on, but there was no audio. In the Zoom chat, they said they were having technical issues and asked Farooq to update his Zoom client. Within minutes of installing the fake update, six of Farooq’s crypto wallets were drained. It was only afterward that Farooq realized Lin’s account had been hacked. The scheme was later linked to Lazarus, a North Korean state-sponsored hacking group. “It was surreal and completely violating. But in the darkest moment, whitehat hackers stepped up — complete strangers offering help when I was at my lowest. Turns out I was compromised by DPRK affiliated threat know as dangrouspassword,” wrote Farooq. You might also like: Manta Network co-founder targeted by Lazarus in Zoom phishing attack This incident echoes a recent phishing attempt targeting Manta Network co-founder Kenny Li, who narrowly avoided a similar fate. Li recounted that the attackers impersonated known contacts during a Zoom call, used fake video feeds, and insisted on a suspicious Zoom update download. Suspecting foul play, Li suggested switching communication platforms, prompting the attackers to block him and erase messages. Security analysts say that this attack vector — where hackers pose as trusted contacts, fake technical glitches, and push malware disguised as Zoom updates — is a hallmark of Lazarus operations and has been used repeatedly to steal millions in crypto. Other crypto industry leaders, including founders from Mon Protocol , Stably , and Devdock AI , have reported similar phishing attempts, highlighting how widespread and targeted these attacks have become. Nick Bax from the Security Alliance broke down this scam in a March 11 X post . Having audio issues on your Zoom call? That's not a VC, it's North Korean hackers. Fortunately, this founder realized what was going on. The call starts with a few "VCs" on the call. They send messages in the chat saying they can't hear your audio, or suggesting there's an… pic.twitter.com/ZnW8Mtof4F — Nick Bax.eth (@bax1337) March 11, 2025 You might also like: ‘We can’t defeat an enemy that we don’t know’: Researcher warns of North Korea’s changing crypto tactics
Edward Farina, the CEO of Alpha Lions Academy, issued a public statement via a tweet that questions the motivations behind mainstream narratives targeting XRP. In the post, Farina frames the negative coverage and skepticism surrounding XRP as intentional and designed to divert public attention from its underlying potential. According to his argument, these narratives are part of a broader effort to steer the general population toward Bitcoin (BTC) while keeping them uninformed about alternatives such as XRP. Farina states , “The mainstream campaign against $XRP tells you everything you need to know.” He follows this with the suggestion that public sentiment is being manipulated to focus on Bitcoin while ignoring other digital assets that, in his view, may offer superior utility or strategic relevance. He continues, “They want the masses to blindly bet their entire net worth into BTC while distracting them from the real deal.” Farina concludes the tweet with a rhetorical remark, “When was the last time the masses were right? History says this won’t end well for 99%.” His message implies that historical patterns of mass behavior often end in poor outcomes for most participants, and that the current push towards Bitcoin dominance may ultimately be no different. The mainstream campaign against $XRP tells you everything you need to know. They want the masses to blindly bet their entire net worth into BTC while distracting them from the real deal. When was the last time the masses were right? History says this won’t end well for 99%. — EDO FARINA 🅧 XRP (@edward_farina) June 18, 2025 Supportive and Critical Reactions from the Online Community The post attracted commentary from various users on the X platform, with a mix of agreement and disagreement. A user named Caspian endorsed the core sentiment, stating, “Distracting narratives favor control over clarity. Real leverage grows by understanding the system beneath the noise, and positioning yourself where lasting value is quietly built.” Caspian’s remark aligns with Farina’s comment that media and institutional emphasis on Bitcoin may be crowding out attention from lesser-publicized projects that could offer long-term value. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Another user, Tara369, shared a different perspective, challenging the assumption that the general public is heavily invested in Bitcoin. She said, “I don’t think the masses care about btc. No one I know owns it. In addition the masses can’t afford their groceries I’m sure btc is the last on their mind.” Her response describes economic hardship as a more immediate concern for most individuals, implying that the conversation around digital assets may not even be relevant to large segments of the population at this time. Ongoing Market Tensions Over Narrative Control and Investment Direction Farina’s position underscores a belief held by certain segments of the XRP community that media, corporate, and financial institutions elevate Bitcoin while undermining digital assets such as XRP , which they argue possess unique technological advantages and practical use cases. While critics argue that this view lacks substantiated evidence and stems from confirmation bias, supporters continue to call attention to regulatory actions, inconsistent reporting, and market behavior that they interpret as reinforcing their stance. Farina’s commentary suggests that for retail investors, understanding the motivations behind public messaging is as important as analyzing the technical or financial fundamentals of any given asset. Whether or not the public has embraced Bitcoin to the degree claimed, his statement contributes to the ongoing discourse around trust, transparency, and the role of influence in the digital asset economy. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Proponent Laments the Campaign Against XRP: This Won’t End Well for 99% appeared first on Times Tabloid .
Bitcoin (BTC) has broken records and reached new ATHs many times, but this remains a distant dream for many, especially Ethereum (ETH). Because ETH and most altcoins are still far from their previous ATHs. At this point, while investors are still waiting for a major altcoin season to come, a survey drew attention. TheBlockchainMedia recently conducted a poll asking users to vote for the altcoin they are most bullish on. The poll included Hedera (HBAR), Algorand (ALGO), Cardano (ADA), and XRP. While the survey is not yet complete, Cardano has emerged as the top performer, ahead of XRP, HBAR, and ALGO. The results quickly caught the attention of the community, and even Cardano founder Charles Hoskinson. Hoskinson backed the election and its results with the phrase “a nice poll.” Although Hoskinson's comment was brief, the community said the poll could be an early signal of a shift in investor focus and a bullish move. Experts said this vote showed strong confidence and support for ADA despite market volatility. Charles Hoskinson recently proposed swapping 100 million ADA tokens for Bitcoin. Although this proposal received backlash, Hoskinson argued that the BTC swap did not pose a risk to the ADA price. Related News: Cardano Founder Charles Hoskinson Offers $100 Million Bitcoin (BTC) and ADA Swap Proposal! Will ADA Price Drop? *This is not investment advice. Continue Reading: Cardano (ADA) Makes a Big Breakout: It Left Three Major Altcoins, Including XRP, Behind!
Bitcoin maintains above $104,500 despite geopolitical tensions. CryptoQuant signals market alarms with decreasing ETF flows. Continue Reading: Bitcoin Faces Significant Market Shift The post Bitcoin Faces Significant Market Shift appeared first on COINTURK NEWS .
Ripple (XRP) has long been a headline fixture in crypto conversations, but its recent stagnation following the SEC lawsuit resolution has caused many investors to reevaluate their portfolio choices. With XRP no longer delivering the same returns or momentum it once did, attention has begun to shift toward emerging protocols that are actively building products and expanding access to decentralized finance. One of the standout names rising quickly in this segment is Mutuum Finance (MUTM) —a DeFi protocol still in presale, but already raising eyebrows for all the right reasons. With a token price of just $0.03 and over $10.8 million already raised in its Phase 5 presale, Mutuum Finance (MUTM) has demonstrated strong early traction. Over 12,200 holders have joined the movement, attracted by the project’s dual lending model, non-custodial liquidity pools, and a decentralized infrastructure built to serve both retail and advanced crypto users. Unlike XRP, which depends heavily on centralized partnerships and regulatory clarity, Mutuum Finance (MUTM) is executing a decentralized roadmap that aligns directly with the needs of today’s crypto-native investor. Dual lending model, real yields, and full transparency What sets Mutuum Finance (MUTM) apart is its dual-layered approach to lending. Through its Peer-to-Contract (P2C) model, users will be able to deposit digital assets—such as USDT, ETH, SOL, or BTC—into smart contract-based liquidity pools and earn interest that adjusts automatically based on real-time market conditions. The higher the demand from borrowers, the higher the return for depositors. This market-driven design offers a direct incentive for users to supply liquidity to the system. In contrast to many idle staking protocols, returns on Mutuum Finance (MUTM) come from real borrower activity. When users contribute assets to the pool, they receive mtTokens—liquidity-backed representations of their deposit that also accrue interest. These mtTokens can be staked to earn passive dividends, traded on secondary markets, or even reused within the platform as collateral. For example, a user depositing DAI into the protocol would receive mtDAI at a 1:1 ratio, with interest accumulating over time. The Peer-to-Peer (P2P) model introduces an entirely different level of control. Users will be able to lend directly to others with customizable terms, enabling exposure to less commonly supported tokens like Pepe (PEPE), Shiba Inu (SHIB), or Dogecoin (DOGE). This model provides high-yield opportunities for users who prefer personalized agreements, as opposed to pool-based lending. Mutuum Finance (MUTM) is also preparing to launch a decentralized, overcollateralized stablecoin that is designed to maintain a $1 peg. The stablecoin will be minted when borrowing occurs against approved on-chain collateral and will be burned automatically upon repayment or liquidation. Interest rates for borrowing will be governed by protocol decisions rather than set by market supply and demand. This mechanism is intended to support price stability while integrating with Mutuum’s broader lending infrastructure. Every part of the system is designed to reward participation and sustain long-term usability. Deposits are stored in smart contracts—fully non-custodial and permissionless. The platform is being developed with Layer-2 integration for faster transactions and lower gas costs, tackling one of DeFi’s most persistent pain points. MUTM token utility and passive income potential The utility of the MUTM token is deeply integrated into the protocol’s core operations. With a total supply of 4 billion tokens and a planned listing price of $0.06, early presale participants are buying in at just $0.03. Mutuum Finance (MUTM) is currently in Phase 5 of its presale and has already generated over $10.8 million. The upcoming phases and the beta platform launch are expected to align with the token’s listing. According to the roadmap, the team has already achieved multiple milestones from Phase 1, including smart contract auditing by CertiK (Token Scan Score: 80), launching an AI-powered helpdesk, and listing on tracking platforms. The protocol also includes a unique buyback-and-redistribute model. Revenue generated through borrowing activity will be used in part to repurchase MUTM tokens on the open market. These tokens will be distributed to users who stake mtTokens in the designated contract, turning passive participation into a direct stream of returns. This redistribution loop adds value for long-term stakers while reinforcing token demand. For investors focused on returns, the math is compelling. At $0.03 per token, a $1,000 investment in Mutuum Finance (MUTM) will yield approximately 33,333 tokens. If the token reaches 25x—realistic for a protocol with real utility and market momentum—that investment will grow to $25,000. Unlike projects built on hype, MUTM’s growth is fueled by adoption and protocol usage, not speculative narratives. A new cycle begins: why MUTM leads where XRP lags Ripple (XRP) once stood at the center of institutional crypto adoption, but years of regulatory battles and limited platform evolution have slowed its momentum. The project’s core use case—cross-border payments—is now being challenged by decentralized alternatives with broader applications and more transparent governance. Investors are beginning to question whether XRP’s best days are behind it. By contrast, Mutuum Finance (MUTM) is being built for today’s DeFi outlook and tomorrow’s multi-chain economy. From decentralized stablecoin issuance to dynamic lending pools and customizable P2P agreements, every feature is designed with user participation and sustainability in mind. The platform’s audited infrastructure and ongoing $100K giveaway further demonstrate its readiness to engage a wide user base. As the presale continues to gather traction and the roadmap moves toward its beta launch, Mutuum Finance (MUTM) is establishing itself as more than just a presale token. It is emerging as a real protocol with functioning mechanics, product rollout in progress, and multiple layers of utility for users, lenders, and holders alike. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post Forget XRP — this new DeFi protocol is the best crypto to buy under $0.05 right now appeared first on Invezz
South Korea’s central bank has expressed caution over the potential consequences of issuing won-pegged crypto stablecoins, raising concerns that their adoption could inadvertently boost demand for US dollar-backed stablecoins. Bank of Korea (BOK) Governor Lee Chang-yong warned that such developments may undermine broader monetary policy goals and complicate foreign exchange management. Stablecoin Policy Clashes with Foreign Exchange Management Speaking at a press briefing on Wednesday, Governor Lee noted that instead of reducing the influence of dollar-denominated stablecoins, local stablecoin issuance could facilitate their use. “Issuing won stablecoins may not reduce the use of dollar stablecoins, but rather facilitate the exchange between dollar stablecoins and won stablecoins,” he stated. According to Lee, this shift could ultimately increase demand for dollar stablecoins, a dynamic that could work against President Lee Jae Myung’s broader agenda of strengthening the role of the Korean won in digital finance. While President Lee has advocated for the development of KRW-based crypto stablecoins to help reduce capital outflows and build resilience in the digital economy , the BOK’s stance indicates a more cautious approach. Governor Lee clarified that the central bank is not fundamentally opposed to crypto stablecoins backed by the Korean won but emphasized that a regulatory framework must be in place to manage their impact on financial stability. He specifically pointed to challenges in foreign exchange oversight and risks to the traditional banking sector. One area of concern involves the shifting of payment and settlement services away from banks toward non-bank entities that would manage stablecoin transactions. Lee called for a broader discussion on how such a transition might affect bank profitability and the overall structure of the financial industry. “We need to paint the bigger picture on how the banking industry, such as its profitability, [would be affected] in case payment and settlement services move to stablecoins,” he said. Global Trends and Domestic Considerations The ongoing debate in South Korea comes amid significant developments in stablecoin regulation internationally. In the United States, the recent passage of the GENIUS Act , which aims to regulate and encourage the use of dollar-pegged stablecoins, has intensified discussions around the role of these digital assets in both domestic and global financial systems. As of today, crypto stablecoins collectively represent over $260 billion in market capitalization, with more than $253 billion of that in US dollar-pegged tokens, according to CoinGecko data . The South Korean Ministry of Economy and Finance and the Financial Services Commission are expected to collaborate with the BOK on shaping future stablecoin policy. Whether the country can deploy a successful KRW stablecoin strategy without escalating dollar reliance remains a central challenge moving forward. Featured image created with DALL-E, Chart from TradingView
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As the market gears up for its next major breakout, investors are watching altcoins like XRP, Kaspa (KAS), and Polkadot (DOT) for signals. Yet it’s MAGACOIN FINANCE that’s capturing the spotlight—driven by explosive presale momentum, political relevance, and rapid community expansion. Analysts are now positioning it as the altcoin with the strongest potential to echo Bitcoin’s (BTC) historic rise in this cycle. Anticipation Grows for MAGACOIN FINANCE’s Market Debut One of 2025’s most followed independent crypto analysts has identified MAGACOIN FINANCE as the top contender to outperform all memecoins and altcoins this cycle—and early market data is reinforcing that outlook. With limited access via the official website, the project continues to attract strong interest for its capped supply and bold, meme-driven branding that resonates across investor segments. Industry experts are closely tracking MAGACOIN FINANCE as it positions itself as a potential frontrunner in the altcoin space . A 100% bonus is available on all contributions using PATRIOTS100X . XRP: Lawsuit Outcome and ETF Hopes Drive Volatility XRP is trading near $0.54, up 4.6% in the last day, as the market awaits the pivotal June 16 Ripple lawsuit decision. With over $2.1 billion in daily trading volume and speculation around an XRP spot ETF, investor engagement is at a high. As XRP’s legal clarity unfolds, many traders are also diversifying into MAGACOIN FINANCE for early-stage upside. Bitcoin (BTC): Bullish Forecasts and Market Leadership Bitcoin continues to anchor the market, with forecasts suggesting a climb to $137,554 by June 2025 and a floor above $107,962. As BTC maintains its leadership and sets the tone for the entire sector, projects like MAGACOIN FINANCE are capturing attention as the next possible breakout stories, offering a rare chance to get in early on a coin with viral momentum and strong fundamentals. Kaspa (KAS): Steady Growth but Cautious Outlook Kaspa is trading around $0.082, with a market cap exceeding $2.1 billion and mixed short-term signals. While KAS is forecast to remain range-bound between $0.077 and $0.082 through the summer, analysts see limited explosive upside compared to earlier cycles. In contrast, MAGACOINFINANCE’s presale and its strategic price point is drawing both retail and institutional capital looking for higher-multiple returns. Polkadot (DOT): Interoperability and Consistent Gains Polkadot is trading near $7.56 and has posted a 16% weekly gain, with technicals pointing to a steady climb toward $6.00–$7.00 by year-end. DOT’s interoperability focus is winning over developers and investors, but as the pace of gains moderates, more traders are rotating into MAGACOIN FINANCE to capture the kind of early-stage growth that defined Bitcoin’s ascent. Final Thoughts With Bitcoin, XRP, and MAGACOIN FINANCE leading the narrative for 2025, the next crypto cycle could see MAGACOIN FINANCE tracking BTC’s legendary path. As live catalysts unfold for XRP, KAS, and DOT, MAGACOIN FINANCE’s presale momentum and analyst confidence make it a top candidate for breakout success. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: MAGACOIN FINANCE Could Track Bitcoin’s Legendary Ascent Next Cycle
The overwhelming selling pressure recently, combined with BTC volatility, meant ARB short sellers should prepare to enter the market.