Sonic (prev. FTM) narxS

California has taken a major step toward securing financial freedom with the inclusion of Bitcoin Rights protections in its newly proposed digital asset bill. If passed, the bill will guarantee nearly 40 million residents the right to self-custody their digital assets without fear of discrimination. This legislation, supported by Assemblymember Avelino Valencia, brings critical regulatory clarity to Bitcoin users in the state. It explicitly recognizes self-custody, prevents public entities from restricting Bitcoin transactions, and establishes rules for handling unclaimed digital assets. Additionally, it expands the Political Reform Act of 1974 to prohibit public officials from promoting or endorsing specific digital assets. According to Dennis Porter, CEO of Satoshi Action Fund, this move could set a precedent for other states to follow. “California often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere,” he stated. The Satoshi Action Fund, a non-profit focused on advancing Bitcoin and digital asset rights, played a key role in shaping the bill. With California leading the charge, the future of Bitcoin rights in the U.S. looks brighter than ever.

I get that many people look at today's market in dispair. But honestly it's best to treat these days as a transitionary period. You can't change the trajectory of the market anyway. Market conditions come and go and that has been the case since forever. Live life as you've always done before. See the good, see the joy you always had today. The markets won't run it way. Keep in touch in between and eventually the market will "be back". Be here. But also enjoy all other things.

Fastest-growing stablecoin on @Aptos: @circle's USDC, w/ supply up ~225% in the past 30d

What else are you paying attention in the market? 1) Stablecoin supply has surpassed $200 billion 2) BlackRock's onchain AUM is close to $2 billion 3) Active loans in DeFi are close to $20 billion 4) Top DeFi applications have $100m+ annual revenue run rates

not a fair comparison since AWS got bootstrap on top of Amazon's existing business, but still an interesting benchmark