Crypto Agenda – May 13, 2025
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Arizona Governor Vetoes Two Crypto Bills While Tightening Kiosk Rules
Arizona Governor Katie Hobbs vetoed two crypto-related bills citing market volatility, while approving a third that introduces tighter regulations for crypto kiosks.
- SB 1373, which aimed to create a state-owned crypto reserve, was vetoed.
- SB 1024, allowing state agencies to accept fines in cryptocurrency, was also rejected due to financial risk concerns.
- However, HB 2387, which imposes stricter consumer protection standards on crypto kiosks, was signed into law.
- It includes:A $2,000 daily transaction limit for new users.
- Mandatory risk disclosures and detailed receipts.
- Required 24/7 live customer support.
📌 CTA: Are kiosk regulations enough to protect crypto consumers? Let us know your thoughts!
US-China Tariff Truce Sparks Crypto Optimism, But ETF Inflows Disappoint
The announcement of a 90-day US-China tariff waiver created renewed optimism in global markets, including crypto. However, Bitcoin ETF inflows were limited to just $5 million, marking the lowest daily net inflow since April 14.
- Bitcoin peaked at $105,819, but ended the day at $102,729 due to profit-taking.
- 105K USD failed as psychological resistance, weakening institutional sentiment.
📊 Daily Net ETF Flows:
- BlackRock IBIT: +$69.41M
- Grayscale GBTC: -$32.92M
Bitcoin Calm After the Storm: Positive Funding and Liquidity Zones
As of writing, BTC trades at $102,367, down 2% in 24 hours. Despite the pullback, the positive funding rate indicates that traders are still betting on sustained growth.
A liquidation heatmap highlights strong liquidity near $105,337, suggesting a short squeeze could push prices higher if bullish momentum resumes.
📌 CTA: Could Bitcoin reclaim $105K and break out for a new ATH?
BlackRock Flags Quantum Computing Risk to Bitcoin Security
BlackRock updated its IBIT ETF prospectus to include a potential threat from quantum computing, warning that:
“If quantum tech advances significantly, it may break cryptographic algorithms securing Bitcoin and other digital assets.”
This marks the first formal acknowledgment of this threat in their Bitcoin ETF filings. Experts call this a standard but serious disclosure.
Whale Accumulation vs. Market Top: A Different Cycle?
Over 98% of total BTC supply is in profit, a classic sign of a market top. However, whales are aggressively buying.
- Whales with 10–10,000 BTC added over 83,100 BTC (~$8.5B) in the last month.
- Their buying is offsetting retail profit-taking and suggesting long-term confidence.
Metaplanet & Strategy Double Down on Bitcoin Accumulation
- Metaplanet announced a $15M zero-coupon bond issuance to buy BTC.
- Target: 10,000 BTC by 2025
- Already holds 6,796
- BTCStrategy (formerly MicroStrategy) bought 13,390 BTC for $1.34B, averaging $99,856 per BTC.
Yet, Peter Schiff warned that further price drops could push the firm’s average cost above market levels, triggering leverage-related risks.
Bitcoin Price Levels to Watch: $105K, $106.2K, $110K?
BTC failed to hold above $105,000.
- If momentum resumes: Targets are $106,265 and $110,000.
- If market sentiment weakens: Price may fall below $100,000, even toward $98,000.
Analysts remain optimistic, citing whale support and positive funding rates.
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The investment information, comments and recommendations contained herein are not within the scope of investment advisory services.Investment advisory services are provided within the framework of an investment advisory agreement to be signed between brokerage houses, portfolio management companies, non-deposit accepting banks and the client.The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations.These opinions may not be suitable for your financial situation and risk and return preferences.Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.[/vc_column_text][/vc_column][/vc_row]