New Hampshire Approves First USA Bitcoin Reserve

New Hampshire has become the first U.S. state to authorize holding Bitcoin in its public treasury, as Governor Kelly Ayotte signed the bill into law on Tuesday. The new policy allows up to 5% of the state’s public funds to be invested in digital assets, provided they exceed $500 billion in market capitalization.

The law effectively singles out Bitcoin as the only eligible asset and places New Hampshire ahead of both federal initiatives and other stalled state efforts. “New Hampshire is once again first in the Nation,” Ayotte declared on X.

Efforts in Florida, Arizona, and seven other states have recently failed, with bills withdrawn, vetoed, or shelved before floor votes. In contrast, New Hampshire lawmakers have embraced the Bitcoin reserve plan, calling it a bold economic strategy rooted in sovereignty and innovation.

The legislation passed following coordinated pressure from advocacy groups like the Satoshi Action Fund, which hailed the development as a breakthrough. “The first one’s the hardest, by far,” said founder Dennis Porter, “Having a state that’s already gotten it done… really increases the political momentum.”

Democrats Derail House Crypto Hearing Over Trump

On May 6, a planned bipartisan House hearing on crypto policy was derailed after Democrats walked out to protest President Trump’s financial ties to digital assets. Representative Maxine Waters objected to the joint session, citing Trump’s crypto ownership and memecoin ventures as a conflict of interest. Democrats instead held a parallel event focused on “crypto corruption” within the executive branch.

Republicans continued with an informal roundtable where Coinbase and former CFTC Chair Rostin Behnam spoke in support of a draft crypto market structure bill. Meanwhile, Democrats unveiled legislation to ban senior officials from holding crypto assets or operating related businesses. Senator Chris Murphy also introduced a bill on Tuesday targeting financial asset conflicts among top federal officials.

Privacy Layer 1 "Tari" Debuts Mainnet With Token Mining

Tari Labs officially launched the Tari mainnet, allowing anyone with a Mac or PC to mine its native token, XTM. The privacy-focused Layer 1 blockchain was developed by Monero veterans and uses an ASIC-resistant algorithm called RandomX to keep mining accessible. Over 100,000 users tested the platform via the Tari Universe desktop app.

Unlike Monero, Tari uses a Mimblewimble design (more lightweight) and supports emoji-based reusable wallet addresses. The gamified interface lets users mine while watching a visual tower grow, rewarding them for contributing processing power. Tari is backed by Pantera, Blockchain Capital, and Slow Ventures, and plans to add a native app store and cross-chain exchange layer.

Zerebro Founder’s "Death" Sparks Token Frenzy

A Solana meme token called LLJEFFY surged over 2,100% after a blog post and fake obituary claimed AI project founder Jeffy Yu had died by suicide. But local coroner offices said there was no record of Yu’s death, and the San Francisco Chronicle pulled the obituary after discovering no death certificate was submitted. The posthumous blog referred to the coin as “Legacoin,” calling it Yu’s final artistic message.

As suspicions grew, investors discovered the wallet that launched LLJEFFY was still active and buying tokens, causing its market cap to plummet 86.8% in an hour. Zerebro, which once hit $784 million in market cap, has collapsed 94% as sentiment around meme AI crypto projects cools. This is the latest in a series of performance-stunt coin launches exploiting fake deaths and livestreams for viral traction.

Data of the Day

Tether minted $1 billion USDT on the Tron blockchain, bringing Tron’s total USDT supply to $71.4 billion. With Ethereum currently holding $72.8 billion in USDT, Tron is just $1.4 billion away from reclaiming its former lead as the top network for Tether issuance. Tron previously dominated from mid-2022 until a large mint shifted the balance in late 2024.

Tether’s total USDT supply is at a record $149.4 billion, representing 61% of the stablecoin market. This surge comes as U.S. lawmakers prepare to vote on the GENIUS and STABLE Acts, both of which aim to establish national regulatory frameworks. Tether also plans to launch a USA-compliant stablecoin pending passage of these legislative efforts.

More Breaking News

• DeFi Development Corp bought $11.2M in SOL, raising its total holdings to 400,091 tokens as it deepens its Solana-focused treasury strategy.
• SOL Strategies acquired $18.25M in SOL from the first $20M tranche of a $500M note deal, expanding its validator presence and crypto holdings.
• CZ predicts Bitcoin could reach $500K to $1M this cycle, with the total crypto market cap possibly hitting $5 trillion by year-end.
• OKX MENA CEO warned that real world asset tokenization projects must deliver daily utility, not just ride hype, to succeed in Web3.
• Alex Mashinsky’s lawyers are asking for a one-year sentence, rejecting the DOJ’s proposed 20-year term as overly punitive and unjust.
• Trading platform eToro seeks a $4B valuation in its U.S. IPO, planning to raise $500M as it targets retail investors in stock and crypto.
• Kenya’s High Court ordered Worldcoin to delete biometric data and barred it from further collection, citing violations of privacy rights.

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