BTC falls below the $93500 mark

Odaily Planet Daily News: The Governor of New Hampshire has signed the HB 302 bill, which adopts Satoshi Action's Strategic Bitcoin Reserve (SBR) model bill. The content of HB 302 Act: ·Allow state finances to purchase Bitcoin and top digital assets, and authorize reserves to purchase up to $500 billion in Bitcoin (limited to full stop loss). ·The holding limit is 5% of the state's total funds, ensuring that Bitcoin supplements broader investments in the state. ·Mandatory US regulatory custody requires assets to be held by state controlled multi signature or through US exchange traded products to ensure maximum security and transparency. ·Effective 60 days after implementation, providing a clear operational framework for reserves and stacks.

According to Foresight News, NASDAQ listed Thumzup Media Corp has submitted a capital increase registration statement to the US Securities and Exchange Commission, raising the maximum total issuance amount of securities from $200 million to $500 million to purchase more Bitcoin. The company's board of directors has previously authorized Thumzup to allocate up to 90% of its current assets to BTC as part of its funding strategy. As of May 5, 2025, Thumzup holds 19.106 BTC with a market value of approximately $1.8 million.

Odaily Planet Daily News: Investment bank Compass Point has downgraded the stock rating of Bitcoin mining company Marathon Digital (NASDAQ: MARA) from "neutral" to "sell", and significantly lowered its target price from $25 to $9.50, with more than 25% downside potential compared to the current stock price of about $13. Analysts point out that Marathon's current cash consumption rate is unsustainable and may lead to dilution of shareholder equity. In addition, the trading price of the company's stock has a premium relative to Bitcoin itself, which is not ideal for investors seeking Bitcoin exposure. （CoinDesk）

JUST IN: 🇺🇸 New Hampshire Governor signs law allowing the state to invest in Bitcoin & crypto.

BlackRock IBIT continues to flow in, Tether issues another 1 billion USDT, market sentiment heats up, and BTC chip game becomes increasingly fierce. From a technical perspective, BTC prices are approaching the 3-hour trend support and approaching the EMA50 moving average, with a break in sight! Special note: This trend support line may be the starting point for the next wave of upward movement, or it may be a signal for a break and a bearish turn. 📌 Tip: Use the 'Trend Line Order' to automatically ambush: One click line drawing → automatic recognition trigger → precise position building/take profit and stop loss No need to monitor the market, place an order as soon as the price touches the line, and don't miss any key reaction points Don't wait for the market to finish before regretting not keeping up, let the system grasp the trading rhythm for you.