Arizona&#8217;s new Bitcoin reserve law could position the state as a leader in digital asset management, influencing future state-level policies. The post Arizona passes first bill to establish Bitcoin reserve after vetoing separate crypto legislation appeared first on Crypto Briefing.

Arizona passes first bill to establish Bitcoin reserve after vetoing separate crypto legislation

Bitcoin crossed the $100,000 mark again on May as institutional investors 
continue stacking sats.
Farside Investors&#8217; data shows that spot Bitcoin (BTC) exchange-traded funds 
(ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign 
of &#8220;sustained institutional interest,&#8221; according to the founder of Obchakevich 
Research, Alex Obchakevich.
&#8220;These inflows indicate the activity of institutional investors, including 
hedge funds and asset managers, who continue to accumulate BTC through 
regulated instruments,&#8221; he said.
The ARK 21Shares Bitcoin ETF (ARKB) led with $54 million in inflows, followed 
by Fidelity&#8217;s Wise Origin Bitcoin Fund (FBTC) at $39 million and BlackRock&#8217;s 
iShares Bitcoin Trust (IBIT) at $37 million. Data from Arkham Intelligence 
shows BlackRock acquired more than 86 Bitcoin worth $8.4 million in a single 
transaction on May 7.
_24-hour Bitcoin price chart. Source:__CoinMarketCap_
 _**Related:**__**Bitcoin price reclaims $100K for first time since January**_
## ETF inflows show bullish momentum
On May 8, Bitcoin ETFs saw over $117 million worth of inflows, this time led 
by IBIT with $69 million, followed by FBTC with $35 million and ARKB with $13 
million. Obchakevich also pointed to the strengthening correlation between 
Bitcoin and tech stocks. &#8220;BTC correlation with the Nasdaq was 0.75, indicating 
the influence of sentiment in the tech market,&#8221; he said, adding:
&gt; &#8220;The positive movement of the Nasdaq on May 8-9 supported BTC, which led to 
&gt; growth above $100,000.&#8221;
Obchakevich said the positive trend goes as far back as May 2, when IBIT 
inflows were as high as $675 million. He said that the continuation of this 
trend was the most likely outcome:
&gt; &#8220;The trend of institutional buying was likely to continue on May 8-9, unless 
&gt; there were sharp macroeconomic or geopolitical shocks.&#8221;
_**Related:**__**Bitcoin options could pave the path for new BTC price highs 
&#8212; Here is how**_
## Grayscale Bitcoin Trust plays by different rules
Obchakevich explained that &#8220;the absence of significant outflows in key ETFs 
other than Grayscale Bitcoin Trust (GBTC) supports the hypothesis that the 
whales and funds remain bullish.&#8221; GBTC outflows, he said, are justified by 
different factors.
Obchakevich said GBTC outflows &#8220;are of particular importance because it is the 
largest Bitcoin ETF, and its high fees ~1.5% are driving investors to switch 
to cheaper alternatives, which affects the price of Bitcoin and market 
dynamics.&#8221; According to the analyst, GBTC outflows are caused by &#8220;a 
combination of factors starting with tariffs, the political crisis, and the 
conflict between Pakistan and India.&#8221; He added:
&gt; &#8220;The GBTC outflow is related to these factors as investors are not confident 
&gt; in the stability of GBTC.&#8221;
_**Magazine:**__**Adam Back says Bitcoin price cycle &#8217;10x bigger&#8217; but will 
still decisively break above $100K**_

Institutional investors continue to scoop up Bitcoin above $100K

Ripple&#8217;s $25 million donation to a crypto education fund has reignited 
conversations about how blockchain projects are building influence through 
academia&#8211;but in the latest episode of _Byte-Sized Insight_ , Animoca Brands&#8217; 
co-founder Yat Siu says that money alone isn&#8217;t enough.
Instead, real-world use cases like student loans backed by DeFi may be 
crypto&#8217;s most convincing value proposition to date.
## **DeFi student loans**
On April 30th, Pencil Finance, a project supported by Animoca Brands and its 
education arm Open Campus, announced a $10 million student loan financing 
initiative aimed at providing cheaper, blockchain-backed loans. Siu believes 
this type of infrastructure investment goes further than symbolic funding.
&#8220;What our industry needs a lot more is these kinds of positive-sum use cases 
that everyone else understands,&#8221; Siu said in the interview. &#8220;If students can 
receive better, cheaper and more effective opportunities and interest rates 
through crypto student loans, what happens? They&#8217;re going to be more pro- 
crypto.&#8221;
_**Related:**__**The Giving Block starts disaster fund for California wildfire 
victims**_
Unlike a one-time donation, the Pencil Finance model integrates crypto 
directly into the financing mechanism&#8211;leveraging blockchain rails to make 
lending more transparent, efficient, and accessible.
&gt; &#8220;While money has influence, it doesn&#8217;t necessarily change the system for the 
&gt; better per se. The technology… actually provides a way we can onboard people 
&gt; into that.&#8221;
## **Crypto in the classroom**
Siu said the crypto industry still suffers from a perception problem, 
especially among those unfamiliar with financial tools or blockchain-native 
culture. That&#8217;s why educational use cases need to move beyond highbrow NFT art 
or meme coins and offer something universally relatable.
&#8220;When you&#8217;re sitting at the table and someone&#8217;s saying, &#8216;What is crypto really 
good for?&#8217;&#8211;what do we say?&#8221; he asked. &#8220;Memecoins? Or do we say student loans? 
That&#8217;s something everyone understands.&#8221;
Siu also emphasized the long-term impact of onboarding students early&#8211;both 
for growing crypto literacy and building a foundation for adoption. &#8220;You want 
to onboard them at the earliest levels and let them understand what&#8217;s going 
on,&#8221; he said. &#8220;That&#8217;s what Apple did with education discounts. It wasn&#8217;t about 
profit at first&#8211;it was about future influence.&#8221;
Ripple&#8217;s donation may be a step forward for awareness and much-needed funding 
support in the education sector, but Animoca&#8217;s approach aims to make crypto 
indispensable, not just visible, in education systems around the world.
&gt; &#8220;We have to show what [crypto] is good for. We&#8217;ve got to start from the 
&gt; grassroots.&#8221;
Listen to the full episode of Byte-Sized Insight for the complete interview on 
Cointelegraph&#8217;s Podcasts page, Apple Podcasts or Spotify. And don&#8217;t forget to 
check out Cointelegraph&#8217;s full lineup of other shows!
_**Magazine:**__**6 Questions for Alex Wilson of The Giving Block**_

Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

Taiwanese legislator Ko Ju-Chun has urged the government to consider including 
Bitcoin in its national reserves, alongside gold and foreign currencies. 
Speaking at a national finance conference on May 9, Ko suggested allocating a 
small portion of the country&#8217;s reserve…

Taiwan lawmaker urges adding Bitcoin to national reserves

With bitcoin reaching fresh peaks, analysts are consulting a variety of 
charting tools to anticipate the trajectory of the leading digital currency. 
Among these are the well‑known Rainbow chart and the stock‑to‑flow (S2F) 
model. The following analysis examines BTC’s present price through the lens of 
these two frameworks. Bitcoin Models Point to Explosive Growth — […]

$275K by 2026: Can Rainbow Bands and S2F Predict Bitcoin’s Future?

A familiar personality in the XRP online forum has generated buzz with a fresh 
and sensational prediction regarding the direction of the global financial 
system. The commentator, known by the handle Pumpius, asserts that a financial 
reset is already underway—and that only a few individuals who own XRP will be 
rewarded by it. Related Reading: Binance Buzz: Pi Coin Wallet Activity 
Triggers Listing Rumors Based on his opinion, 99% of individuals will be left 
behind since they possess what he refers to as &#8220;the wrong assets,&#8221; such as 
fiat or speculative tokens. Just 1%, in his view, the owners of XRP, will be 
on the correct side of history. XRP Viewed As Something Greater Than A Token 
Pumpius does not perceive XRP as another cryptocurrency. In his opinion, XRP 
is something greater. He refers to it as &#8220;citizenship paper in the post-reset 
financial empire.&#8221; He opines that once the reset takes place, XRP will be a 
necessary tool—a part of the system itself. Rather than speculating on hype or 
meme culture, he explains that XRP investors are positioning themselves to be 
part of a new financial system. This system, in his assertions, is based on 
infrastructure rather than on speculation. 99% will be locked out. Not because 
they’re poor. But because they held the wrong assets. When the global system 
resets, wealth won’t be counted, It’ll be coded. The 1%? They’ll hold XRP. 
pic.twitter.com/odPgqi7Inx — Pumpius (@pumpius) May 3, 2025 Claims Of 
Institutional Testing And Interest Pumpius also referred to what he describes 
as evidence of the significance of XRP. According to him, the Bank for 
International Settlements (BIS) has also experimented with XRP. He further 
stated that the World Bank has charted it and that the International Monetary 
Fund (IMF) has issued favorable comments regarding the initiative. Also, he 
mentioned RippleNet&#8217;s partnerships with over 40 central banks. While these 
collaborations and references are usually oblique or not revealed in detail 
publicly, they still continue to create gossip among the XRP ecosystem. 
Financial System To Secretly Change In The Backroom? One of the more pressing 
messages in Pumpius&#8217; remarks is that the transition won&#8217;t be noisy or overt. 
He cautioned that this &#8220;flip&#8221; to a new system will not be witnessed on the 
news or heard in alarms. He states the change will be done through quiet 
protocol updates and silent backend modifications. That is, by the time most 
of them become aware of it, it could already be too late. That&#8217;s why he thinks 
owning XRP isn&#8217;t only wise—it&#8217;s imperative. Related Reading: Tether’s $1 
Billion Mint Powers Tron — Is A Breakout Brewing? Bold Talk, But Still 
Speculative These concepts have previously been discussed within XRP 
communities. Advocates have long stated that XRP is not merely a digital 
asset—it&#8217;s a part of the next financial system. Yet no definitive assurance 
exists from institutions such as BIS or the IMF that XRP will be an integral 
component in any forthcoming monetary system. Featured image from Gemini 
Imagen, chart from TradingView