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  • 🐺BTC soars to $111,807, ETH and alts respond, TX passes Bitcoin Bill

🐺BTC soars to $111,807, ETH and alts respond, TX passes Bitcoin Bill

Treasury's crap the bed, USD projected to lose massive value

Author

Noah Major
May 24, 2025

Hey, WOLF Crypto Newsletter! We will cover everything in the Crypto world, from breaking news, price updates, market analysis, and our opinions on specific topics. This is all made possible by @WOLF_Financial and the team.

Let’s get into it!

  • Bitcoin ETF’s still acting like the most successful financing product launch.

    Coinglass, BTC ETF Inflow/Outflow

  • A crazy last week to have a $2T asset, like $BTC.X ( ▲ 0.72% ) to climb 8% in a week!

Furthermore, the Texas became the leading state in Bitcoin adoption! Details below.

  • Texas Strategic Bitcoin Reserve Bill (SB 21): Passed by the Texas House (101-42) on May 21, 2025, after Senate approval (25-5) on March 6, 2025; creates a state-managed Bitcoin reserve.

    • Key Details: Allows the state to buy and hold Bitcoin (and other cryptocurrencies with a market cap over $500 billion) using a special fund, managed by the Comptroller with cold storage security.

    • Impact and Context: Positions Texas as a leader in digital finance, following New Hampshire and Arizona; aligns with national trends like Trump’s U.S. Bitcoin reserve push.

    • Next Steps: Awaits Senate concurrence on House amendments and Governor Abbott’s approval by June 18, 2025; Abbott, a crypto supporter, is likely to sign.

    • Concerns: Critics highlight Bitcoin’s volatility (20% drop since January 2025) and risks like cyberattacks, questioning its fit for state investment.

Those who accumulated $ETH are in the last month are sitting pretty as jumped a massive amount as since the $1472 (pico) bottom on the ninth of April, just over a month ago. $ETHU ( ▲ 10.47% ) climbed from $22.40 USD all the way $60.25! Yes, tradfi investors can still make real plays in this bull market. Buy the oversold assets, ALWAYS.

Will we get the altszn that we have been looking for? Only time will tell. Watch your top knot’s out there lads!

V/r,

Noah (Nono) Major