Anmol Khatiwada, Author at Bitmala

1st to Stack Sats: New Hampshire Just Went Full Crypto With State Funds

New Hampshire is cooking up some serious crypto heat. They just became the first U.S. state to say “yep” to investing public funds in it, thanks to a new law signed off by the governor on Tuesday.

Other states were thinking about doing it too, but New Hampshire beat everyone to the punch. Not only are they the first to give their state treasurer the green light to start a Bitcoin reserve, they might even flex on the federal government by stacking sats before D.C. does.

Governor Kelly Ayotte, who’s only a few months into her job, proudly posted on X, “New Hampshire is once again first in the Nation.” 🔥

This new law lets the state throw up to 5% of public cash into any digital asset that’s sitting at $500B+ market cap—which, let’s be real, is just btc right now.

Dennis Porter, the guy behind the Satoshi Action Fund, is hyped. He’s been rallying lawmakers to make crypto reserves happen, and he told CoinDesk:

“The first one’s the hardest. Now that New Hampshire did it, others will follow.”

And he’s probably right. State House Republicans in NH also dropped a flex on X, saying they’re now the first state laying the foundation for a strategic BTC reserve. They even dubbed NH as “the Live Free or Die state leading the future of commerce and digital assets.”

Meanwhile, Arizona tried, but their governor vetoed it. Florida pulled back, and other states are kinda stuck. The only serious challenger left? North Carolina, where a big-name lawmaker is still pushing hard.

Even Trump is down with the idea. He’s called for a national Bitcoin reserve and a federal-level crypto stockpile. But Washington’s still figuring out what assets they can even shift into that.

So for now?
New Hampshire’s on top.
First in it. First to HODL with state funds.
And that’s some history being made.

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5 Reasons Why Trump’s Support for Crypto is a Major Win Against China’s Tech Push

Donald Trump has once again made it clear that he’s all about supporting cryptocurrencies, calling it an essential part of the U.S.’s strategy to stay ahead of China in the tech race. He sees crypto as a way to prevent China from taking the lead in emerging technologies.

“I’m a big fan of crypto because I want to keep it away from China,” Trump said as he made his way back to the White House from Palm Beach, Florida.

Crypto as the Key to America’s Tech Future

Trump’s comments come amid rising tensions between the U.S. and China, especially in areas like AI, blockchain, and other cutting-edge tech. Trump sees crypto as a new and rapidly growing sector that could shift power dynamics on the global stage. He’s worried that if the U.S. doesn’t act, China could end up dominating the its space.

He added that crypto is “a whole new thing” and emphasized how quickly it’s growing, showing his recognition of the sector’s potential.

“I’m very much in favor of crypto because otherwise China is going to take it over,” he said, underscoring his belief that the U.S. must take action to keep crypto in its hands.

Trump’s SEC Task Force and Crypto-Friendly Moves

Back in January, Trump’s administration created a special task force within the SEC aimed at easing the rules around crypto to help it thrive. This initiative was part of his broader goal to make the U.S. a leader in the crypto space.

Additionally, Trump brought in former PayPal COO David Sacks as the AI & Crypto Czar, with the mission of building a clear regulatory framework, something that many in the crypto world have been asking for.

China’s Digital Yuan and U.S. Concerns

China’s push into crypto, especially its state-backed digital yuan, has raised alarms in Washington. Experts worry that if China succeeds, it could have unprecedented control over global financial systems, which would be a massive shift in power.

Trump’s support for crypto is now seen as a counter to China’s growing influence in tech and finance, aligning with his long-standing criticism of China’s aggressive moves in fields like AI, 5G, and, now, cryptocurrency.

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Tether’s Moving into AI: Decentralized Platform With Crypto-Payments Coming Soon

Tether, the stablecoin giant, is diving into the AI world with Tether AI, a decentralized, open-source AI platform that’s powered by crypto. It’s set to bring a new wave of payments in USDT and Bitcoin, which means crypto fans will have direct access to an AI system that doesn’t rely on centralized platforms.

Tether AI: The Future of Decentralized AI

Tether CEO, Paolo Ardoino, teased the launch of Tether AI on May 5 via X, giving us a sneak peek into this revolutionary new platform. It promises a modular, flexible AI runtime that can run on any hardware or device without the need for centralized servers or APIs, which makes it different from the traditional cloud-based AI models.

At the heart of it is something called “Personal Infinite Intelligence,” which hints at customizable AI agents that adapt to user needs and work on different devices. No more centralized control—users will have full privacy, autonomy, and security.

Plus, Tether AI will let users pay directly with USDT or Bitcoin through a peer-to-peer network. It’s also going to include its open-source wallet development kit (WDK), which launched in November 2024, helping developers create mobile, desktop, and web wallets for easy self-custodial asset management.

The whole point is to offer AI tools that are open-source, decentralized, and powered by crypto infrastructure, meaning no reliance on middlemen or traditional cloud platforms.

A Bold Shift to AI and P2P Tech

Though Tether AI isn’t live yet, its integration with its existing decentralized technologies (like Keet for chats and Pear for P2P apps) hints that it’ll be a seamless transition for crypto fans. The platform was introduced in December 2024 with a launch target set for Q1 2025, and the latest update shows it’s well on track.

Tether’s focus on AI is part of a bigger pivot the company made in April 2024 to focus more on peer-to-peer tech and AI tools. The move included creating new business units like its Data, pushing their ambitions in the decentralized AI space.

Ardoino dropped some futuristic vibes, saying AI will soon become part of the universe’s fabric, quoting sci-fi legend Isaac Asimov. He’s already teased that Tether’s AI division is working on tools like a translation app, voice assistant, and a Bitcoin wallet assistant, all powered by in-house models.

Tether’s Massive Quarter, AI Push, and $1B Profit

Tether isn’t just about stablecoins anymore—they’re making serious moves in AI. With a $1 billion operating profit in Q1 2025 (thanks to strong returns on U.S. Treasury holdings), its not slowing down anytime soon. They’ve got $149.3 billion in assets and $5.6 billion in reserves, staying at the top of the stablecoin game while moving into the world of AI.

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Breaking ! Bybit’s Next-Level Move: 500x Leverage on Stocks & Commodities—Crypto Goes Wall Street

Bybit’s seriously leveling up. The crypto exchange is about to bring Wall Street vibes to Web3 by offering traditional financial products like U.S. stocks (hello, Apple & MicroStrategy) and commodities like gold and crude oil. CEO Ben Zhou dropped the news during a livestream on May 3, with the feature set to go live by the end of Q2 2025.

Can Bybit Beat eToro & Kraken at the Hybrid Game?

Zhou’s vision? Turn it into a powerhouse, mixing crypto with traditional assets. So, along with trading crypto, users will soon be able to buy and sell blue-chip U.S. stocks, as well as major commodities. And they’re not playing it safe—they’re offering up to 500x leverage on some of these trades. That’s huge for the high-risk, high-reward crowd.

“We want to bring Wall Street to Web3,” Zhou said in the livestream. Bold move.

It is now stepping into direct competition with platforms like eToro and Kraken, both of which have already made moves into hybrid trading. For example, eToro saw 96% of its revenue from crypto in 2024, but they’ve also been offering traditional investments since 2013. Kraken is jumping in too, with zero-commission trades on over 11,000 U.S. stocks and ETFs, plus forex futures.

Bybit’s Big Pivot: Ditch NFTs, Double Down on AI

Bybit’s not just betting on traditional finance, though. They’re also doubling down on AI. The exchange is integrating tools like CryptoLens and TradeGPT for real-time analytics and market insights. Plus, their AI is multilingual, helping them keep it global in over 160 countries.

But not everything’s been smooth sailing for Bybit. In February, they were hit with a massive $1.5 billion ETH hack—biggest in crypto history. Since then, they’ve been trying to bounce back. Zhou shared that most of the stolen funds are still traceable, but a chunk of it has gone “dark.” To recover, Bybit’s been doing audits and securing emergency loans.

Following the hack, Bybit pulled the plug on its NFT Inscription and IDO markets, focusing instead on traditional trading. It’s a bit of a vibe shift for the platform, but they’ve made it clear they’re staying strong.

What Does This Mean for Retail Traders?

Bybit’s 500x leverage is crazy high compared to what we’re used to seeing in the traditional market. It could bring some serious risk, so it’ll be interesting to see how regulators react and whether Bybit’s really prepared for all the potential scrutiny.

As for trust? Bybit’s quick to own up to the hack and reassure users their assets are backed and secure. They’ve got their reserves sorted, and withdrawals are still going strong.

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XRP Flashing Bullish Vibes: 3 Reasons It Might Explode Soon

**XRP is not playing games right now — and the charts are getting spicy.**

After a massive 350% rally, XRP is entering uncharted bullish territory — and this time, it’s being powered by real demand, not degens flipping leveraged longs.

Spot Premium = Real Demand Energy

For the first time ever, XRP’s spot price is consistently above its perpetual futures — aka, we’re in its strongest-ever spot premium phase, according to market analyst Dom on X.

That’s a major signal: In past cycles, the token pumps were fueled by futures markets, aka speculative leverage bros. This round? It’s the real ones — actual spot buyers — moving the price. Translation? Way less risk of a brutal whiplash dump.

Whales Are Gobbling Like It’s Discount Season

Data from Glassnode backs the vibe: Since November 2024, wallets holding 10K+ token have been rising, even when price dipped 35% from Jan to April. That’s classic smart money behavior — load up during the quiet times before liftoff.

Oh, and don’t forget the macro fuel: The SEC dropped its lawsuit against Ripple, and the possibility of a spot XRP ETF has the market feeling ✨ bullish ✨ again.

Chart Pattern Screams Breakout Incoming

The weekly chart is screaming falling wedge breakout, which is usually a bullish reversal sign. Right now, it is eyeing $2.52 as the key resistance. If it clears that?

We could see it blast toward $3.78 by June — that’s a juicy 70% upside from today’s $2.17.

But if it stumbles? Price could dip back to the wedge’s lower bound around $1.81 before making another breakout attempt — still keeping the $3 target in play by summer.

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Breaking ! $4.9B Crypto Comeback? 3 Things You Need to Know About 2025’s VC Boom

Crypto VC is back, baby — and it just hit its biggest glow-up since 2022.

According to Galaxy’s May 1 report, venture capital funding in crypto soared to a jaw-dropping $4.9 billion in Q1 2025, a 40% bounce from the previous quarter. And while it sounds like the bull run is back in full swing, spoiler alert: one giga-deal seriously skewed the numbers.

That one monster move? MGX dropped a massive $2B bag into Binance, single-handedly making up 40%+ of the entire quarter’s total funding. Without that flex, the numbers would’ve looked way less exciting — just $2.8B, actually down 20% from Q4 2024.

Binance’s Power Play Flips the Chart

Thanks to MGX’s mega-investment, Trading, Exchange, Lending, and Investing shot to the top of the funding food chain, pulling in $2.55B — a wild 47.9% spike. But if you delete Binance from the equation, DeFi would’ve worn the crown with $763M raised.

Web3’s Still Grinding

Even though the money was heavy on the Binance side, Web3 startups dominated in deal count with 73 closed — think gaming, NFTs, DAOs, and all things metaverse. Trading firms came in next with 62 deals.

Here’s the plot twist: For the first time since 2021, most of that VC cash went to the big leagues — 65% of funding landed in Series A and beyond. Early-stage and pre-seed plays are still alive, just taking a bit of a breather as VCs get pickier.

US Still the Main Stage, But Global Players Are Rising

The U.S. is holding strong, scooping up 38.6% of the total deals. The U.K., Singapore, and UAE are also pulling weight, taking 8.6%, 6.4%, and 4.4% respectively.

Galaxy also noted that Bitcoin price action and VC funding are vibing again, which hasn’t really been the case for a while. So maybe we’re seeing a new pattern emerge?

It’s Not All Easy Street

Still, it’s not totally sunshine and altcoins. Crypto fundraising is still a grind, especially with AI grabbing all the hype and investor cash right now. Crypto-specific funds only raised $1.9B this quarter, which is solid — but clearly shows we’re not in full turbo mode yet.

Even so, Galaxy says 2025 is on track to outdo 2024 in total VC raises. That’s bullish.

Top Crypto VCs of the Moment

In case you’re wondering who’s running the crypto VC game right now, here’s the top 5 per Kaito AI:

Paradigm – 11.80% performance 🥇
Alliance – 10.64%
Dragonfly – 8.32% (they’re in AVAX and NEAR, FYI)
a16z (Andreessen Horowitz) – 6.94%
Multicoin Capital – 5.86%

Projects like Story Protocol, Manta Network, Pump.fun, Coinbase, Uniswap, and Dapper Labs are all in their portfolios.

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5 Big Moves Vitalik Just Dropped to Make Ethereum Way Less Messy (And Way More Powerful)

Vitalik Wants to Slim Ethereum Down—Bye Bloat, Hello ZK Power

Ethereum’s co-founder Vitalik Buterin just dropped a 🔥 blog post that basically says: Ethereum’s gotten too complicated, and it’s time to chill. Titled “Simplifying the L1”, the post lays out a bold plan to strip down Ethereum’s base layer for better security, faster scaling, and easier dev life.

What’s the vibe?

Vitalik’s like: “Let’s stop doing the most.” He wants Ethereum to go from being a complex machine to something more like Bitcoin—clean, secure, and minimal. Too many moving parts = more bugs, longer dev timelines, and bad vibes for light clients.

The Big Switches:

3-Slot Finality: Say goodbye to epochs and sync committees. This new model reduces validator chaos and makes the chain easier to understand and way less attack-prone.
RISC-V Virtual Machine: Vitalik wants to swap the old EVM for a ZK-friendly, open-source RISC-V engine. Why? Because it’s lean, mean, and could speed up ZK proof gen by 100x.
No More Fragmentation: One erasure code, one serialization format (SSZ), one tree structure. The whole protocol gets a uniform glow-up.

The Big Idea:

Vitalik wants to put a cap on complexity, much like the way Tinygrad limits code lines in ML models. Legacy and non-critical stuff can still exist—but outside the sacred “core.”

And there’s more:

Former dev Eric Connor thinks Ethereum could be the key to fixing AI’s trust problems. Decentralized AI? Transparent models? Zero-knowledge privacy? Ethereum’s got the tools.

But not everyone’s cheering. VC Nic Carter says Ethereum’s L2s are leeching value from the base layer, and that ETH’s wild token minting culture is “killing itself from the inside.” Harsh, but it shows the tension.

TL;DR:

Vitalik’s trying to give Ethereum a major clean-up. He wants less complexity, more ZK power, and a leaner core—plus Ethereum might just save AI along the way.

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PopCat Poised for Massive Breakout: Will Bulls Push Past $40.40 to Ignite a 100% Rally?

PopCat ain’t playing around right now. It’s chillin’ at that make-or-break zone where things either pop off or flatline. The price is hovering near that juicy $40.40 resistance, and everyone’s watching like 👀. One clean breakout with volume and we could be looking at a straight shot to $71—that’s almost a 2x from where it’s at now.

Here’s the setup:

PopCat is forming a textbook higher low—aka, it’s still holding structure like a champ. That $33.33 support zone? Rock solid, backed by 0.618 Fibonacci levels, value area highs, and solid volume history. Basically, if it holds here and flips $40.40 into support, it’s go time. 💥

Why $40.40 matters:

Price has already tried to break through this level twice and got rejected both times. But the pullbacks were shallow, which means bulls aren’t tapping out yet. If volume kicks in and we get a candle close above $40.40, PopCat could rip to $71 faster than you can refresh your chart. 🚀

But if it flops…

If PopCat keeps playing below $40.40 and eventually loses $33.33 support, the bullish vibes get invalidated. No support = no structure = potential slide. So yeah, this is the pressure point. Either bulls step up now or we might chill sideways (or worse) for a while.

What to watch:

🔼 Bullish case: Break and close above $40.40 with strong volume → target $71.
🔽 Bearish case: Continued rejection + drop below $33.33 = deeper retrace incoming.

⏳ Time’s ticking. The longer PopCat stalls under resistance, the sketchier it gets. But for now, it’s still in the game—barely. If you’re thinking of entering, this is one of those “tight risk, big reward” moments.

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eToro Eyes IPO Comeback as Market Sentiment Rebounds and Crypto Surges Past $100K

Okay, so eToro’s been playing hard to get with this IPO for a while now. The Israel-based trading app hit pause on its public debut in early April after Trump’s surprise tariff talk shook the markets. Everything froze. Even the bulls got stage fright.

But now? We’re back in business. According to Bloomberg, eToro is once again eyeing the Nasdaq with some serious confidence. Why? Because market vibes are turning up. Robinhood’s stock is up over 16% in the last month, and crypto’s going off—Bitcoin’s past $100K and counting. 🚀

What’s the move?

eToro wants in. The platform filed with the SEC in March but hit the brakes during the “Liberation Day” volatility. Now that things are chill(er), the IPO squad—Goldman Sachs, Jefferies, UBS, and Citigroup—is back at the table. If it goes through, eToro would list under the ticker “ETOR.”

Money talks—and eToro’s talking loud.

Their 2024 numbers are flex-worthy:

$931 million in commissions (up from $639M in 2023)
$192 million in net income (a massive glow-up from $15.3M)

That’s a whole bounce-back story. They’re now aiming for a valuation above the $3.5B mark they hit in last year’s funding round. Shoutout to SoftBank and ION Group for backing the vision early. 👏

Wait, wasn’t there some SEC drama?
Yeah—eToro just paid $1.5M to settle with the SEC over running an unlicensed brokerage. They also agreed to scale back some U.S. crypto features. But with the regulatory winds possibly shifting under Trump 2.0 (looser crypto regs??), eToro might actually be catching the perfect tailwind. 🌬️

Why this matters:

This could be one of the first IPOs to bounce back after the Trump-induced freeze. It’s also a major win for the crypto scene—proof that TradFi and crypto can still shake hands and make deals in this post-regulatory-freakout era.

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Chainlink Whale Accumulation and Bullish Patterns Signal a Potential 30% Rally

Chainlink Whales Are Stacking Bags—$20 LINK Could Be Closer Than You Think

Alright, let’s talk about Chainlink. The price has been moving kinda sideways lately, stuck around $14, but don’t let that fool you—this might be the calm before the breakout. Under the surface, some major crypto whales have been quietly stacking LINK like there’s no tomorrow, and that’s a big mood shift.

Whale vibes are off the charts.

According to data from Santiment, investors holding between 100K and 1M LINK have upped their game hard—boosting their holdings from 143M to 173M LINK since November. That’s a fat 30 million coin jump, worth over $420M at current prices. And it’s not just one tier of whales; the giga-whales (1M–10M LINK holders) also loaded up big—going from 183M to 203M LINK just since February. If you’re wondering whether the smart money is bullish on Chainlink, this is your answer.

And it’s not just about whales—check the on-chain moves.

The percentage of LINK chilling on exchanges is dropping fast. Back in March, 21% of the total supply was exchange-bound. Now it’s down to just 19%, the lowest since March 13. Translation? Holders are moving LINK off exchanges—most likely to cold storage—which usually means they’re not looking to sell anytime soon. That’s bullish af.

Real-world clout? Yup, Chainlink’s got that too.

LINK isn’t just another token with good vibes and no roadmap. It’s actively working with heavyweights like Swift (the backbone of international finance) and DTCC, which clears over $3.7 quadrillion (yeah, with a Q) in transactions yearly. These institutions are exploring Chainlink’s Cross-Chain Interoperability Protocol to move real-world assets on-chain. Tokenized funds? Decentralized finance for the big boys? Chainlink’s becoming the plug for all that.

And now the charts are talking.

Technicals are aligning with the fundamentals. LINK recently bounced from a low of $9.97 in April to where it is now—around $14—and it’s trading above the 50-period moving average. Even better? It’s showing a falling wedge and inverse head & shoulders pattern—two classic signs of a bullish breakout. If momentum holds, the next stop could be $20, a clean +30% from here.

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