Crypto continues to maintain its gains, driven by strong inflows into exchange-traded funds (ETFs) and significant legislative advancements. Arizona has become the first state to pass a bill allowing the use of Bitcoin as a reserve currency. This legislative move is part of a broader trend as cryptocurrencies gain traction among states looking to modernize their financial systems. Additionally, notable firms are making substantial investments in Bitcoin, with one strategy acquiring $1.4 billion in the cryptocurrency. The market is also anticipating regulatory approvals for crypto ETFs, with South Korea set to follow suit this year. Analysts suggest that Bitcoin could reach $120,000 by the second quarter of 2025, as institutional interest remains strong. New developments include Coinbase's plan to launch a Bitcoin Yield Fund and stablecoin value approaching $240 billion. Overall, these developments indicate a robust and evolving crypto landscape, as projects and regulatory bodies adapt to the growing digital asset economy.

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