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Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Lawmakers in the US states of Minnesota and Alabama filed companion bills to identical existing bills that if passed into law, would allow each state to buy Bitcoin.

The Minnesota Bitcoin Act, or HF 2946, was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following an identical bill introduced on March 17 by GOP state Senator Jeremy Miller.

Meanwhile, on the same day in Alabama, Republican state Senator Will Barfoot introduced Senate Bill 283, while a bi-partisan group of representatives led by Republican Mike Shaw filed the identical House Bill 482, which allows for the state to invest in crypto, but essentially limits it to Bitcoin (BTC).

Twin Alabama bills don’t explicitly name Bitcoin

Minnesota’s Bitcoin Act would allow the state’s investment board to

Bitcoin gets $71K target as tariffs deal rare US business outlook slump

Bitcoin (BTC) faces conditions similar to the 2022 bear market bottom as US business sees “very high risk” to come.

In his latest analysis, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, queried when the US would start printing money.

”Higher than expected” US tariffs pressure Bitcoin

Bitcoin reacted noticeably worse than US stocks after President Donald Trump announced worldwide reciprocal trade tariffs on April 2.

BTC/USD fell up to 8.5% on the day, while the S&P 500 managed to end the Wall Street trading session 0.7% higher.

Despite this, Edwards notes that US business expectations reflect the type of uncertainty seen only three times since the turn of the millennium.

“Consider this as tariffs come in higher than expected. The Philly Fed Business Outlook survey is showing expectations today comparable to 2000, 2008 and 2022,”

Treasure DAO announces huge pivot in hopes of extending runway to February

Decentralized video game ecosystem Treasure DAO is restructuring as “a matter of survival” to extend its financial runway to at least February 2026.

Treasure DAO’s chief contributor John Patten says in an April 2 video posted to X that he has resumed a leadership role and is taking a plan to the DAO to streamline operations, eliminate unnecessary costs, and center the organization around a few key projects.

“I will introduce this after all of you provide your opinions at this time. I have my own thoughts, but we must make this decision as a community through long deliberation. The best ideas need to rise to the surface,” he said.

The Next Chapter of Treasure ✨

We’re releasing an official statement on our pivotal transition, outlining the rationale behind leadership changes, financial restructuring, and our bold new strategic direction.

Full details 👇 pic.twitter.com/BjWgZxc98l

— Treasure (@Treasure_DAO)

Did ChatGPT come up with Trump’s tariff rate formula?

There’s a crazy theory on social media that US President Donald Trump’s newly announced reciprocal tariff plan — which hits all countries with a minimum 10% tariff — could have been designed by an artificial intelligence chatbot.

Only a short period after Trump announced the tariffs at the White House Rose Garden on April 2, some X users claim they were able to duplicate the same tariff plan with a rudimentary prompt using OpenAI’s ChatGPT.

“I was able to duplicate it in ChatGPT,” NFT collector DCinvestor told his 260,000 followers on X following the Donald Trump announcement of reciprocal tariffs on 185 countries on April 2.

“It also told me that this idea hadn’t been formalized anywhere before, and that it was something it came up with,” he added, referring to the chatbot’s ability to calculate the tariff

Bitcoiner speculates ‘massive’ bot spam briefly took down Bitcoin mailing list

One of Bitcoin’s key communication tools used to discuss potential protocol changes was knocked out for several hours starting on April 2, with one moderator speculating it may have been a targeted attack assisted by bots.

For several hours across April 2 and 3, Bitcoin core developers and researchers were unable to interact on Google Groups after Google banned the group for spam.

“Bitcoin Development Mailing List has been identified as containing spam, malware, or other malicious content,” Google’s warning stated at the time.

The Bitcoin Development Mailing List’s warning before the ban was lifted. Source: Google

Bitcoin Core developer Bryan Bishop told Cointelegraph that the ban may have been triggered by individuals or bots mass-reporting the Bitcoin mailing list from multiple accounts.

It’s a common tactic by attackers looking to ban or censor a community, Bishop said, noting that similar incidents occur on YouTube, X and TikTok fairly often.

“So

Hackers are selling counterfeit phones with crypto-stealing malware

Cybersecurity firm Kaspersky says it has uncovered thousands of counterfeit Android smartphones sold online with preinstalled malware designed to steal crypto and other sensitive data.

The Android devices are sold at reduced prices, cybersecurity firm Kaspersky Labs said in an April 1 statement, but are riddled with a version of the Triada Trojan that infects every process and gives the attackers “almost unlimited control” over the device.

Dmitry Kalinin, a cybersecurity expert at Kaspersky Labs, said that once the trojan grants the attackers access to devices, they can steal crypto by replacing wallet addresses.

“The authors of the new version of Triada are actively monetizing their efforts; judging by the analysis of transactions, they were able to transfer about $270,000 in various cryptocurrencies to their crypto wallets,” he said.

“However, in reality, this amount may be larger; the attackers also targeted Monero, a cryptocurrency

US House committee passes stablecoin-regulating STABLE Act

The US House Financial Services Committee has passed a Republican-backed stablecoin framework bill, which will now head to the House floor for a full vote.

The Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32-17 vote on April 2.

The bill would provide rules around payment stablecoins, a type of crypto token tied to a currency such as the US dollar, and aims to ensure issuers give information about their business and how they back their tokens.

Other stablecoin-related bills are also working their way through Congress, including the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which lays out oversight and reserve rules for issuers.

This is a developing story, and further information will be added as it becomes available.

Magazine: How

DDoS attacks now a dominant means of waging political cyber-warfare

Distributed denial-of-service (DDoS) attacks are outpacing many traditional cyber threats and are no longer just a tool but a “dominant geopolitical weapon,” according to network security firm Netscout.

Global DDoS activity increased by 12.7% in the second half of 2024 compared to the first half, totaling almost 9 million attacks, according to the firm.

A DDoS attack is a malicious attempt to disrupt the normal web traffic of a targeted server, service or network by overwhelming the target or its surrounding infrastructure with a flood of internet traffic.

The largest increases have been in Latin America and the Asia Pacific regions, with around 30% and 20% increases from the first half, respectively.

Netscout reported that there were a total of 7.9 million DDoS attacks in the first half of 2024, with a combined total of 16.8 million for the full year, up almost 30%

Elon Musk’s Neuralink seeks patients globally to try its brain chips

Elon Musk’s computer-chip brain implant company Neuralink is seeking patients all around the world to trial its device that allows one’s thoughts to control a computer.

Neuralink is looking for people with quadriplegia — those who are not able to use their arms or legs — to sign up for a clinical trial, it said in an April 2 post on X, the social media platform also owned by Musk.

As of January, Neuralink has said three patients have been implanted with a device. All are quadriplegic and are testing a small brain implant that tracks neural activity to control a computer or smartphone as part of a clinical trial called the Precise Robotically Implanted Brain-Computer Interface, or PRIME study.

Neuralink is one of several companies and academic institutions developing and testing so-called brain-computer interfaces, which vary from small wire-like implants as part

‘National emergency’ as Trump’s tariffs dent crypto prices

Crypto markets dipped after US President Donald Trump’s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war.

The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.

During an April 2 speech in the Rose Garden at the White House, Trump said the US is charging countries “approximately half of what they are and have been charging us.”

🚨 @POTUS signs an Executive Order instituting reciprocal tariffs on countries throughout the world.

It’s LIBERATION DAY in America! pic.twitter.com/p7UnfE617B

— Rapid Response 47 (@RapidResponse47) April 2, 2025

The crypto market briefly went up at the news of a 10% sweeping tariff, but once the