Lookonchain APP

App Store

New Hampshire's SBR allows a Bitcoin holdings cap of 5% of the state's total funds

2025.05.07 00:48:19

On May 7th, the governor of New Hampshire signed HB 302 into law, making New Hampshire the first state in the US to adopt a "live free or die" state currency policy framework that directly incorporates the Satoshi Action's Strategic Bitcoin Reserve (SBR) Model Act. The details of the HB 302 bill are as follows: - It allows the state treasury to purchase Bitcoin and top-tier digital assets - authorizing the reserve to buy up to $5 billion worth of Bitcoin (subject to full loss). - It caps the holding at 5% of the state's total funds - ensuring that Bitcoin supplements the state's broader investment portfolio. - It enforces US regulatory custody - assets must be held by the state-controlled multi-signature or through US exchange-traded product holdings to maximize security and transparency. - It takes effect 60 days after enactment - providing a clear operational framework for the reserve and stack. "Dennis Porter, the CEO and Founder of Satoshi Action, said, 'Satoshi Action drafted the model, New Hampshire put it into law, and now every state treasurer can follow this roadmap. The HB 302 bill allows them to safeguard the world's most secure monetary network. New Hampshire didn't just pass a bill; it ignited a movement.' " Satoshi Action is a non-profit policy organization dedicated to educating lawmakers and regulators about Bitcoin and digital asset innovation. After passing six pro-Bitcoin laws, introducing over 20 Strategic Bitcoin Reserve bills, generating 220,000 letters to voters, and publishing 12 peer-reviewed academic papers, Satoshi Action is the leading voice for practical, bipartisan Bitcoin policy.
Relevant content

A certain crypto address sold MarsCoin worth $171,000 too early, then chased the rally to buy it again.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x333…29cd2 offloaded 5.12 million MarsCoin tokens at a low price of $0.00006885 just two days before MarsCoin’s sharp surge today, suffering a loss of $4,533. At that time, the token’s market capitalization stood at only $68,000, while that same batch of tokens is now valued at $171,000. The address purchased $2,308 worth of the token 55 minutes ago to chase the rally; though it is currently in an unrealized profit position, it has not yet recouped its overall losses.

1 minutes ago

DeFiLlama: Delays mobile app launch due to phishing apps on the App Store

DeFiLlama founder 0xngmi has revealed that his team delayed the launch of the platform’s official mobile app due to long-running phishing apps impersonating DeFiLlama on Apple’s App Store. The team will not release the official mobile app until all fake apps are taken down, to lower users’ risk of falling victim to scams. In a statement yesterday, 0xngmi said: “For months, we’ve been working to get Apple to remove a fake DeFiLlama app, and have repeatedly reported its trademark infringement and impersonation of our official app to the company. We topped up a small test wallet, downloaded the app, and as expected, all funds in the wallet were stolen. We then reported the incident to Apple, and the app was removed within days. We hope other crypto firms take note of this so they don’t waste time the way we did.”

1 minutes ago

SafePal Discloses Security Vulnerability in Tracking Plugin: Unauthorized Access to Some Customer Order Information, Affecting Approximately 39,798 Users.

SafePal has officially announced a security vulnerability in its order tracking plugin that enabled unauthorized access to some customers’ order information. Approximately 39,798 users are affected, all of whom placed orders between March 2, 2025 and April 11, 2026. Leaked data includes names, email addresses, shipping addresses, phone numbers and purchase details. Notably, users’ wallets, mnemonics and private keys remain fully secure—this incident does not involve mnemonics, private keys, wallet passwords, bank account information, payment card numbers or government-issued identification. The issue has been resolved, and additional security measures have been implemented. All affected customers have been individually notified via email, and SafePal has launched an official verification page where users can check their impact status using their order number and shipping country. SafePal apologized for the incident, reminding users never to disclose mnemonics, private keys or passwords, stay vigilant against phishing and impersonation attempts, and will release further updates on its official blog.

1 minutes ago

Meme coin MarsCoin surges over 40-fold in a single day, pushing its market cap past $32 million.

According to GMGN data, the market cap of MarsCoin, a meme coin on the BSC chain with a contract address starting with 0x1706, has surged past $32 million, hitting an all-time high, with its price jumping over 40 times today. A CZ-associated wallet address showed unusual activity this afternoon, burning 4,444 units of this MarsCoin. Separately, Binance Alpha previously listed a MarsCoin token of the same name (contract address starting with 0xfe18), which currently has a market cap of $52 million and is up 6% today. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and investors should exercise caution.

1 minutes ago

Frustration among Gulf allies toward the U.S. continues to mount, as concerns grow that Trump lacks the ability to broker a peace agreement.

According to a report by The Washington Post, multiple officials from Arab and Western countries say frustration among U.S. Gulf allies toward the U.S. is steadily rising. Informed officials disclosed that several Gulf nations, including Saudi Arabia, the United Arab Emirates, and Qatar, have reached a consensus on their dissatisfaction with the Trump administration, with some countries now debating whether it remains necessary to allow the U.S. to maintain large military installations on their territory. Trump has repeatedly threatened in recent times to launch a new round of major strikes against Iran, only to later backtrack on those threats citing progress in negotiations. This has left Gulf countries increasingly concerned that Trump lacks the diplomatic capacity to finalize a peace agreement with Iran.

1 minutes ago

Iran says US forces have been expelled and are barred from entering the strait.

Iranian Army Commander-in-Chief Hatem said today that U.S. forces have been expelled and are no longer permitted to enter the Persian Gulf, Gulf of Oman, and Strait of Hormuz. Hatem emphasized that U.S. military bases in the region will never return to their previous state, and Iran will never allow such a situation to occur. (CCTV International News)

1 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano