Texas lawmaker behind state’s crypto reserve bill: Ether may be next

CointelegraphFriday, October 10, 2025 at 7:50:00 PM
Texas lawmaker behind state’s crypto reserve bill: Ether may be next
A Texas lawmaker is making headlines with a new bill aimed at establishing a state crypto reserve, which could potentially include Ether as the next asset. This development is significant as it reflects the growing acceptance and integration of cryptocurrencies into state financial systems, although recent price fluctuations have raised concerns about meeting the necessary requirements. As the market evolves, this initiative could pave the way for more states to consider similar measures, highlighting the ongoing shift in how cryptocurrencies are perceived and utilized.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
BlackRock clients sell $80.2M in Ether
NegativeCryptocurrency
BlackRock clients have recently sold off $80.2 million in Ether, signaling a notable shift in institutional investment strategies. This move highlights the increasing volatility and risk management challenges within the Ethereum market, especially as traditional finance continues to integrate blockchain technologies. Understanding these dynamics is crucial for investors as it reflects broader trends in the cryptocurrency landscape.
Ether's 7% Plunge Leads Crypto Liquidations in $600M Carnage
NegativeCryptocurrency
Ether's recent 7% plunge has triggered a wave of liquidations in the cryptocurrency market, leading to a staggering $600 million in losses. This decline is significant as it highlights the volatility of digital currencies, with ether falling twice as much as bitcoin. Such drastic movements can shake investor confidence and impact the broader market, making it crucial for traders to stay informed and cautious.
Strategy’s Bitcoin mNAV collapses to 1.174, lowest since February 2024
NegativeCryptocurrency
Strategy's market net asset value (mNAV) has dropped to 1.174, the lowest level since February 2024, reflecting a significant decline in its Bitcoin holdings. This decline is part of a broader downturn in the crypto market, which has also led to a 3% drop in the company's shares, now valued at $307.95. With a market cap of $88.4 billion, Strategy is the 121st-largest public company in the US. This situation highlights the volatility in the cryptocurrency sector and raises concerns for investors about the stability of digital assets.
Bitcoin ETFs Extend Inflow Streak to 9 Days as Ether Sees Modest Outflow
PositiveCryptocurrency
Bitcoin ETFs have achieved a remarkable inflow streak, extending to nine consecutive days, signaling strong investor confidence in the cryptocurrency market. This trend is particularly significant as it contrasts with the modest outflows seen in Ether, highlighting a shift in investor preference. The sustained interest in Bitcoin ETFs not only reflects the growing acceptance of cryptocurrencies but also suggests potential for further market growth, making it a crucial development for both investors and the broader financial landscape.
$11B Bitcoin whale bets on BTC, ETH correction with $900M shorts
NegativeCryptocurrency
A significant Bitcoin whale has made a bold move by betting $900 million on the decline of Bitcoin and Ether prices, marking their first action in two months. This decision to short these cryptocurrencies suggests a bearish outlook, which could impact market sentiment and trading strategies. Investors are closely watching this development as it may signal potential volatility in the crypto market.
Bitcoin Miners Rally in Pre-Market as Sector Nears $90B Market Cap
PositiveCryptocurrency
Bitcoin miners are experiencing a significant rally in pre-market trading, driven by increasing demand for AI and high-performance computing. This surge is pushing the sector closer to a remarkable $90 billion market cap, with optimistic projections suggesting it could reach $100 billion by the end of the year. This growth is important as it reflects the rising interest and investment in cryptocurrency, highlighting the evolving landscape of digital assets and their integration with advanced technologies.
Ether ‘3-wave pullback’ to end soon, $5.5K next: Fundstrat
PositiveCryptocurrency
Fundstrat's managing director Mark Newton has made an optimistic prediction for Ether, suggesting that after a recent pullback, the cryptocurrency is set to rise to $5,500. This news is significant as it indicates a potential recovery in the crypto market, which could attract more investors and boost confidence in digital currencies.
XRP’s $167 Billion Market Cap Faces Test as Price Pressures Build
NegativeCryptocurrency
XRP is currently facing significant challenges as its market cap of $167 billion comes under pressure from declining prices. This situation is crucial for investors and the broader cryptocurrency market, as it reflects the ongoing volatility and uncertainty in digital assets. The performance of XRP could influence market sentiment and investment strategies, making it a key point of focus for traders and analysts alike.
ETH sells off alongside Bitcoin, but Ether adoption pace still supports rally to $10K
PositiveCryptocurrency
Despite a recent sell-off in Ethereum and Bitcoin, the ongoing adoption of Ether is showing promising signs, with on-chain activity surpassing 9.5 billion daily contract calls and the total value locked in tokenized real-world assets hitting $11.7 billion. This strong engagement suggests that Ether could still rally towards the $10,000 mark, making it an exciting time for investors and enthusiasts alike.
Lawmaker’s Proposal Aims to Make Small Bitcoin Buys Tax-Free in US
PositiveCryptocurrency
A new proposal from a lawmaker in the US aims to exempt small Bitcoin purchases from taxes, which could encourage more people to invest in cryptocurrency. This initiative is significant as it reflects a growing acceptance of digital currencies and could stimulate economic activity in the sector. By making small transactions tax-free, the proposal seeks to lower barriers for entry into the crypto market, potentially leading to increased adoption and innovation.
Crypto for Advisors: Crypto Treasuries, ETFs and Investments
PositiveCryptocurrency
The recent recovery in the cryptocurrency market during Q3 has been fueled by strong institutional demand and supportive policies. Notably, flows into Ether ETFs have outpaced those for Bitcoin, indicating a growing interest in diverse crypto assets. This shift suggests that institutions are increasingly looking to allocate funds across multiple cryptocurrencies rather than just Bitcoin, which could lead to a more balanced and robust market moving forward.
Bitcoin and Ether ETFs Extend Inflow Streak to 8 Days
PositiveCryptocurrency
Bitcoin and Ether ETFs have seen a remarkable inflow streak that has now reached eight consecutive days. This trend highlights growing investor confidence in cryptocurrencies, suggesting that more people are looking to enter the market. The sustained inflows could indicate a bullish sentiment among investors, which is significant as it may lead to increased market stability and further adoption of digital assets.
Latest from Cryptocurrency
Morgan Stanley Opens Crypto Doors: All Clients Welcome To Invest
PositiveCryptocurrency
Morgan Stanley is making waves in the investment world by opening up cryptocurrency investments to all clients, including those with retirement accounts. This significant change, effective from October 15, allows financial advisors to offer crypto funds without the previous restrictions. This move not only reflects the growing acceptance of digital currencies but also provides more opportunities for investors to diversify their portfolios, making it a noteworthy development in the financial landscape.
$75 Billion Linked to Crypto Crime Drives Blockchain Collaboration With Law Enforcement
PositiveCryptocurrency
A recent report highlights that $75 billion linked to crypto crime has prompted a significant collaboration between blockchain companies and law enforcement agencies. This partnership aims to enhance security and transparency in the cryptocurrency space, which is crucial for fostering trust among users and investors. By working together, these entities can better combat illicit activities and promote a safer digital economy.
Dogecoin Adoption: Holders Cross 8.1 Million, Ahead Of XRP & ADA
PositiveCryptocurrency
Dogecoin has reached a significant milestone with over 8.1 million holders, surpassing other altcoins like XRP and Cardano. This growth highlights the increasing popularity of Dogecoin in the cryptocurrency market, even though it still trails behind Bitcoin and Ethereum. The rise in holders indicates a growing community and interest in Dogecoin, which could lead to further adoption and investment in the future.
Satoshi-Era Bitcoin Whale Shorted $1.1B Before Tariff News — Insider Tip?
NegativeCryptocurrency
The recent downturn in Bitcoin and the broader crypto market has raised concerns among investors, particularly after a significant whale reportedly shorted $1.1 billion just before tariff news broke. This bearish trend was triggered by rumors of a trade war between the U.S. and China, which escalated when President Trump announced a 100% tariff on Chinese goods. The market reacted sharply, leading to over $5.5 billion in liquidations. This situation highlights the volatility of cryptocurrencies and the impact of geopolitical events on financial markets.
Bitcoin ETFs maintain ‘Uptober’ momentum with $2.71B in weekly inflows
PositiveCryptocurrency
Bitcoin ETFs are experiencing a remarkable surge, with $2.71 billion in weekly inflows, showcasing strong investor confidence despite some market fluctuations triggered by Trump's comments on China tariffs. This trend, often referred to as 'Uptober,' highlights the growing acceptance and interest in Bitcoin as a viable investment option, which could have significant implications for the cryptocurrency market and its future.
BlackRock clients sell $80.2M in Ether
NegativeCryptocurrency
BlackRock clients have recently sold off $80.2 million in Ether, signaling a notable shift in institutional investment strategies. This move highlights the increasing volatility and risk management challenges within the Ethereum market, especially as traditional finance continues to integrate blockchain technologies. Understanding these dynamics is crucial for investors as it reflects broader trends in the cryptocurrency landscape.