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Sunil Kumar

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News Law and Order These States Have Rejected Bitcoin Reserve Bills Several states have pushed back against Bitcoin or crypto reserve bills, stalling efforts to integrate digital assets into public finance. Vismaya V Logan Hitchcock By Vismaya V and Logan Hitchcock May 11, 2025 6 min read The U.S. and Bitcoin. Image: Shutterstock The U.S. and Bitcoin. Image: Shutterstock Some state-level Bitcoin reserve proposals across the U.S. have hit roadblocks, after multiple states rejected bills to invest public funds in the leading crypto. Of the 50 U.S. states, over half have introduced or are considering legislation related to Bitcoin reserves or investments in digital assets, but the fate of many of these bills remains uncertain. Bitcoin BTC +9.03% $104,049.71 24H 7D 1M 1Y Some have made it over the line, establishing the framework for state crypto reserved, but others have already fallen short. Here’s a look at how such bills have failed thus far.
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Google's new Gemini 2.5 Pro tops the WebDev Arena leaderboard, outperforming competitors like Claude in coding tasks, making it a standout choice for developers seeking superior coding capabilities. The AI model also features a 1 million token context window (expandable to 2 million), enabling it to handle large codebases and complex projects far beyond the capacity of models like ChatGPT and Claude 3.7 Sonnet. It also achieved the highest scores on reasoning benchmarks, including a MENSA IQ test and Humanity's Last Exam, demonstrating advanced problem-solving skills essential for sophisticated development tasks. Google's recently launched Gemini 2.5 Pro has risen to the top spot on coding leaderboards, beating Claude in the famous WebDev Arena—a non-denominational ranking site akin to the LLM arena, but focused specifically on measuring how good AI models are at coding. The achievement comes amid Google's push to position its flagship AI model as a leader in both coding and reasoning tasks.
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Decentralized exchange (DEX) KiloEX has suspended operations following a $7.5 million attack, which cybersecurity researchers attributed to a “price oracle exploit.” KiloEX launched in 2023, built on BNB Chain, opBNB, and Manta Network, and has received seed funding from Binance Labs, which invests in the Binance Coin (BNB) ecosystem. In a tweet, the DEX reassured users that the exploit has now been contained. KiloEX said it is “working with security partners to trace the flow of funds” and that it is set to launch a bounty program to investigate the exploit. The exchange said it is preparing a report on the incident to be shared in the coming days. KiloEX wasn’t able to provide any information as to the nature of the exploit, but identified the attacker’s wallet address as: 0x00fac92881556a90fdb19eae9f23640b95b4bcbd. It urged users to block the address to
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Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a request to suspend their respective appeals as they “pursue a negotiated resolution” of their long-running case. As detailed in a filing submitted yesterday to the U.S. Court of Appeals for the Second Circuit, the two parties have already reached an agreement-in-principle, with Ripple CEO Brad Garlinghouse revealing last month that the SEC would be dropping its appeal. Yesterday’s application represents the first official confirmation that the SEC has indeed dropped the appeal it lodged in October, while it also confirms that Ripple seeks to drop its cross-appeal. Yet the document also makes clear that the agreement-in-principle between the two parties has not gained final approval from the SEC.
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Today marks what crypto enthusiasts celebrate as Satoshi Nakamoto's 50th birthday, according to the birth date the mysterious Bitcoin creator registered on his profile for the P2P Foundation—a nonprofit organization dedicated to researching and advocating for the adoption of P2P solutions. Based on his profile, Satoshi was born on April 5, 1975. That is, of course, as unverified as most of the lore surrounding the Satoshi saga—and the date carries symbolic weight that crypto historians find too perfect to be coincidental. On April 5, 1933—a day that will live in infamy among monetary freedom advocates–U.S. President Franklin Roosevelt signed Executive Order 6102, which required all Americans to turn in their gold coins, bullion, and certificates to the Federal Reserve.
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A $400 million crypto payday tied to the Trump family is now the focus of an escalating political firestorm, one that lawmakers say could compromise the integrity of U.S. financial regulation. Maxine Waters (D-CA) sent a joint letter to SEC Acting Chair Mark Uyeda demanding “all records and communications regarding World Liberty Financial, Inc.,” the crypto firm founded by Trump associates and heavily promoted by President Donald Trump’s family. In a scathing four-page letter, the top lawmakers on the Senate Banking and House Financial Services Committees said the family’s deep financial involvement with the firm “represents an unprecedented conflict of interest with the potential to influence the Trump Administration’s oversight—or lack thereof—of the cryptocurrency industry.” The letter urges the SEC to preserve and provide records dating back to October 15, 2024, when WLFI began selling its $WLFI token through an exempt securities offering that has already brought in $550 million
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