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- Bitcoin, Ethereum, Cosmos, and More Week 19 2025
Bitcoin, Ethereum, Cosmos, and More Week 19 2025
Keeping you updated on crypto, web3 and blockchain
TL;DR
New Hampshire Signs Bitcoin Reserve Law
CZ Predicts Bitcoin Could Hit $1 Million
Ethereum Launches Pectra Upgrade with 11 EIPs
Ethereum Surges 20% After Pectra Upgrade
Injective Brings Magnificent 7 Stocks Onchain
Dymension Launches New Blockchain Explorer
Coinbase Acquires Deribit for $2.9B
Democrats Withdraw Support from Stablecoin Bill
and much more!
Market, Airdrop & Memecoin Update
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Bitcoin Highlights of the Week
New Hampshire has become the first U.S. state to permit its treasury to hold bitcoin as a reserve asset. Governor Kelly Ayotte signed HB 302 into law, allowing up to 5% of the state’s $3.62 billion treasury to be allocated to bitcoin, which is the only qualifying digital asset. The law also includes gold, silver, and platinum.
Proposed by Rep. Keith Ammon and modeled by Satoshi Action Fund, the bill requires secure custody through regulated ETFs or custodians. This sets a national precedent for integrating bitcoin into public finance as a hedge against inflation.
Binance founder Changpeng Zhao believes Bitcoin could reach between $500,000 and $1 million this cycle, citing rapid infrastructure growth and innovation. In a recent podcast, CZ projected the total crypto market cap may exceed $5 trillion by year-end.
He highlighted AI and decentralized science as major blockchain growth drivers and applauded the new U.S. administration’s pro-crypto stance. CZ also predicted decentralized exchanges will eventually overtake centralized platforms as trading tools mature. His forecast marks one of the boldest price predictions from a major crypto figure this cycle, signaling strong long-term confidence in the industry’s trajectory.
Arizona Governor Katie Hobbs has signed House Bill 2749 into law, allowing the state to claim ownership of abandoned digital assets after three years of inactivity. The state can stake or accept airdrops from these assets, directing rewards into a newly formed Bitcoin and Digital Asset Reserve Fund—without tapping taxpayer dollars.
The bill's sponsor, Jeff Weninger, said it positions Arizona as a leader in managing unclaimed crypto. This contrasts Hobbs’ recent veto of another bill that would’ve allowed investing public funds in bitcoin, signaling nuanced but growing support for crypto legislation in the state.
The US Office of the Comptroller of the Currency (OCC) has formally confirmed that national banks can trade crypto assets held in custody at the direction of their customers. The OCC also permits outsourcing crypto activities—like custody and execution—to third-party providers, provided appropriate risk management is in place.
This marks a regulatory shift favoring crypto integration into traditional banking. StarkWare and Coinbase hailed the move as a significant step toward regulatory clarity. The update follows recent deregulatory actions under the Trump administration, reversing previous guidance that restricted banks' involvement with digital assets.
David Bailey, CEO of BTC Inc. and a close adviser to President Donald Trump on digital assets, has raised $300 million to launch Nakamoto, a new Bitcoin investment firm. The venture, which aims to go public, is focused on acquiring and holding Bitcoin, with plans to merge with a Nasdaq-listed company.
The funding round includes $200 million in equity and $100 million in convertible debt. Nakamoto will invest in global businesses, with Bitcoin as part of its capital structure. This move comes amid growing institutional interest in Bitcoin investment.
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Ethereum Highlights of the Week
Ethereum has successfully deployed the Pectra upgrade, marking its most significant update since The Merge in 2022. The upgrade, activated at epoch 364032, integrates 11 Ethereum Improvement Proposals (EIPs) aimed at improving staking, Layer 2 scalability, and user experience.
Notable changes include EIP-7251, which raises staking limits for validators to 2,048 ETH, EIP-7691, boosting Layer 2 rollup throughput, and EIP-7002, enhancing validator security. Additionally, Pectra introduces bundled transactions and social recovery features, paving the way for smoother account abstraction and reducing user friction.
Ethereum's price jumped 20%, surpassing $2,200, following the activation of the Pectra upgrade, marking its largest single-day gain since May 2021. The surge reflects a renewed risk-on sentiment, with increased investor confidence fueled by the upgrade’s improvements to staking, validator operations, and Layer 2 scalability.
Analysts suggest that Ethereum's price rally, along with Bitcoin's continued rise, signals a shift in market sentiment as crypto assets become a hedge against economic uncertainty. The surge follows positive news from the U.S.-China trade talks, further boosting investor enthusiasm.
Sei Labs has proposed deprecating native Cosmos accounts and CosmWasm support in favor of a streamlined EVM-only architecture, aiming to enhance both the user and developer experience ahead of the Giga upgrade.
This move seeks to simplify Sei’s infrastructure, reduce complexity, and improve adoption within the broader EVM ecosystem. The transition would require users to migrate assets to EVM wallets, while developers would need to shift applications to EVM, offering a unified network with better scalability and greater potential for future growth.
Tether’s latest $1 billion mint on Tron has brought its total USDT supply on the network to $71.4 billion, now just $1.4 billion behind Ethereum’s $72.8 billion. This move puts Tron on track to regain its position as the leading network for USDT, a position it held between 2022 and 2024.
With Tether's total circulation reaching a record $149.4 billion, its dominance in the stablecoin market remains significant. Meanwhile, legislation on stablecoins is progressing, with potential implications for the market’s future growth.
Vitalik Buterin stressed that rollup-based Layer-2 platforms should prioritize security before decentralizing. Responding to concerns from Loopring CEO Daniel Wang, Buterin explained that premature decentralization could expose systems to risks, as their proof systems may not be battle-tested.
Experts support Buterin's view, arguing that decentralization should come only when rollups prove robust under real-world economic pressures. A hasty transition to decentralization could jeopardize the system’s integrity, while too much delay could result in custodial control. Buterin's approach suggests a careful, staged decentralization process as rollups mature and gain proven security.
Cosmos Highlights of the Week
Injective has launched fully tradable onchain versions of all Magnificent 7 stocks—Apple, Microsoft, Amazon, Nvidia, Meta, Google, and Tesla—through its iAsset framework and the Helix exchange. These tokenized equities are now available for 24/7 trading in a decentralized and permissionless environment.
This marks a watershed moment in real-world asset tokenization, pushing beyond traditional finance and laying the groundwork for a decentralized Wall Street. By making top equities accessible onchain, Injective is setting a new standard for capital markets, enabling global, round-the-clock access to blue-chip assets directly through blockchain infrastructure.
The first VIP gauge vote for @initia is almost over, with Stage 2 set to kick off on May 8th at 8:00 AM UTC. esINIT rewards from Stage 1 will be distributed to users on May 11th. As anticipation builds for Stage 2, the community eagerly awaits to see where the next bridge will be.
The momentum around this initiative signifies growing excitement for the project and its evolving ecosystem. Stay tuned as the next phase of this significant development in the @initia ecosystem unfolds.
Union App’s v2.2 update introduces two significant features to enhance the bridging process. Users can now cancel or restart the bridging without losing chain, asset, or amount data, ensuring a seamless experience. Additionally, a one-click option has been added, allowing users to easily flip between Source and Destination chains.
These updates continue the app's focus on user convenience and streamlined functionality, marking another step forward in improving cross-chain operations. The Union team promises more improvements in future updates, solidifying its commitment to user-centric development.
Dymension has unveiled a new, dedicated block explorer at dym.fyi, providing detailed transparency into its architecture. The explorer offers an in-depth look at RollApps, eIBC liquidity, and the movement of value across its stack.
Key features include the ability to track IBC traffic across chains, channels, and relayers, visualize eIBC and IBC transactions, and monitor liquidity trends and volumes within Dymension's native pools. This advanced tool enhances users' ability to analyze and follow transactions, liquidity fulfillment, and more, reinforcing Dymension's commitment to full on-chain transparency.
Project Zero has partnered with Secret Network to enhance the Secret Builders program, focusing on developing AI-driven, decentralized applications. Project Zero’s infrastructure allows developers to create intelligent, autonomous AI agents that react to real-world and blockchain events.
This partnership aligns with Secret Network’s privacy-preserving, decentralized computing approach, enabling secure processing of sensitive data. Through the Builders program, Project Zero will gain access to resources, infrastructure, and strategic support, helping drive innovation in decentralized AI and expand the capabilities of both projects in the Web3 space.
Other Highlights of the Week
Coinbase has teamed up with Riot Games as the exclusive cryptocurrency exchange and official blockchain partner for League of Legends and VALORANT esports global events. This collaboration will bring new in-game segments, like the "Econ Report" in VALORANT and "Gold Grind" in LoL, providing fans with live game analysis.
Coinbase will also offer exclusive cosmetic rewards, such as emotes and icons. The partnership will enhance fan experiences via social media, broadcasts, and Web3 technology. It expands Coinbase's sports portfolio, adding to existing partnerships with esports teams and major global sports leagues.
Coinbase has secured a record-breaking $2.9 billion acquisition of Deribit, the largest crypto deal ever. The mostly-stock deal, including $700 million in cash and 11 million shares of Coinbase Class A common stock, significantly strengthens Coinbase's derivatives business.
This acquisition integrates futures, options, and perpetuals into Coinbase's platform, positioning it as the leading global crypto derivatives platform by open interest and trading volume. The move marks a major step in Coinbase’s strategy to expand its presence in the growing derivatives market.
Nine Senate Democrats have pulled their support from the bipartisan stablecoin bill due to concerns over revised provisions on financial security and oversight. The Democrats argue that the bill lacks adequate measures to prevent money laundering and safeguard the financial system.
Initially backed by some Democrats, the legislation now faces delays as disagreements between party lines intensify. The controversy highlights internal divisions within the Democratic Party and underscores challenges in pushing forward bipartisan crypto regulations, particularly with the involvement of Trump-backed legislative changes.
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