Minnesota State Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, a proposal he created after a complete shift in his views on Bitcoin.
Minnesota Bitcoin Act Seeks to Modernize State Finances
Minnesota could become one of the first states to use Bitcoin and other cryptocurrencies for state investments, retirement plans, and tax payments. The Minnesota Bitcoin Act (SF2661), introduced by Senator Jeremy Miller on March 18, aims to expand financial options, modernize payments, and create new opportunities for residents.
“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller noted in a March 18 statement.
Miller believes the bill will help “promote prosperity” for Minnesotans by letting the Minnesota State Board of Investment to invest in Bitcoin and other cryptocurrencies, just like it does with traditional assets.
“I believe global digital currencies are here to stay and it’s inevitable that they become more and more mainstream,” he said. He further added Crypto is a versatile digital asset that can be used in multiple ways, including as investments, global currency, or a hedge against inflation. Besides, 23 other states are also exploring similar Bitcoin reserve bills.
Miller’s bill would allow Minnesota state employees to add Bitcoin and other cryptocurrencies to their retirement accounts. It would also give residents the option to pay state taxes and fees with Bitcoin.
States Follow Lummis’ Lead with Bitcoin Reserve Bills
Several states are pushing forward with Bitcoin and crypto measures. Texas lawmakers are advancing a plan for a state-managed Bitcoin reserve, along with nearly two dozen other states. New Hampshire is considering a bill to allow state investment in Bitcoin, and Colorado and Utah accept crypto for tax payments. Louisiana uses crypto for state service payments. The federal government is also exploring proposals for a national Bitcoin reserve.
Under the bill, investment gains from Bitcoin and other cryptocurrencies would be exempt from state income taxes. In the U.S., up to $10,000 paid to the state can be deducted from federal taxes, but amounts above that are taxed at both the state and federal levels.
More U.S. states are introducing Bitcoin reserve bills, following Senator Cynthia Lummis’ July proposal for a Strategic Bitcoin Reserve Act, which directs the federal government to buy 200,000 Bitcoin annually for five years, totaling 1 million Bitcoin. On March 12, Lummis reintroduced the BITCOIN Act, allowing the government to hold over 1 million Bitcoin as part of a new reserve.
“This was due to an entity(s) on the Binance perpetuals market. That’s what triggered the entire cascade. The initial drop below $5 was triggered by a ~1 million USD short position being market-sold. This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing,” the analyst stated.
Pi Network: From Chainlink Buzz to Transparency Fears
Pi Network recorded strong optimism this week as its native Pi Coin surged by double digits. BeInCrypto attributed the surge to the announcement of a key integration with Chainlink.
They pitched this strategic collaboration as a gateway to real-world utility. Specifically, it positioned Pi closer to the broader DeFi and smart contract ecosystem. However, the euphoria proved short-lived.
Allegations suggest that, like the OM token, Pi coin lacks full clarity around circulating supply, wallet distribution, and centralized control. To some, these are potential red flags in an increasingly regulation-sensitive industry.
“The OM incident is a wake-up call for the entire crypto industry, proof that stricter regulations are urgently needed. It also serves as a huge lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet,” wrote Dr Altcoin.
Pi coin reversed gains within days, falling 18% from its weekly high. At the time of writing, PI was trading at $0.6112, up by a modest 0.7% in the past 24 hours, per CoinGecko.
Grayscale’s Altcoin Shake-Up: 40 Tokens Under Review
This week in crypto also showed that institutional investor interest in altcoins is heating up again, with Grayscale leading the charge.
The digital asset manager unveiled its updated list of assets under consideration for the second quarter (Q2) 2025. BeInCrypto reported that the list featured zero altcoins across sectors such as DePIN, AI, modular blockchains, and restaking. Among the notable tokens being eyed are SUI, STRK, TIA, JUP, and MANTA.
The update reflects Grayscale’s growing thesis around emerging crypto trends, particularly as the firm seeks to expand beyond its core Bitcoin and Ethereum products.
This announcement follows a broader strategic overhaul from three weeks ago when Grayscale reshuffled its top 20 list of altcoins by market exposure. Several older names were dropped at the time, while newer narratives like Solana-based DePIN and Ethereum restaking plays were pushed to the forefront.
The expansion into 40 coins signals Grayscale’s recognition of renewed retail and institutional appetite for differentiated assets. However, inclusion in the list does not guarantee a fund launch. It only indicates Grayscale’s active research.
XRP and SWIFT Partnership: Breaking Down the Rumors
There was speculation this week about a possible partnership between Ripple’s XRP and banking giant SWIFT in crypto.
This narrative was based on a misinterpreted document. A series of cryptic social posts exacerbated the speculation, which some took as confirmation of collaboration between the global payments network and the XRP ledger.
However, BeInCrypto’s in-depth reporting sank the rumors. While Ripple has long pursued banking institutions and SWIFT has shown openness to blockchain innovations, there is no verified partnership between the two.
SWIFT’s public-facing projects around tokenization and digital asset settlement do not include XRP.
Despite the debunking, the rumors sparked an important conversation about XRP’s long-term positioning. The token remains a top-10 asset and a favorite among retail investors banking on utility-driven price appreciation.
With Ripple’s legal battles with the SEC nearing resolution and international CBDC partnerships in the works, the project is far from irrelevant.
US Dollar Dives: What the DXY Crash Means for Bitcoin
The US Dollar Index (DXY) hit a three-year low this week, sending ripples through the crypto markets. Historically, a falling DXY has been bullish for Bitcoin, and this week was no different, with BTC reclaiming above the $84,000 range.
The greenback’s weakness reflects growing fears of fiscal deterioration in the US, as rate cuts loom and Treasury debt soars.
Japan’s 10-year bond yields hit multi-decade highs, forcing the Bank of Japan (BoJ) into increasingly precarious interventions. As Japanese liquidity spills outward, crypto and risk assets have become inadvertent beneficiaries.
This macroenvironment is ideal for Bitcoin. Weakening fiat, rising global liquidity, and crumbling bond market confidence create a perfect storm.
Shiba Inu price is surging, sparking speculation of a rally towards the $0.001 milestone in the next 45 days. On March 12, 2025, SHIB climbed an impressive 7% to an intra-day high of $0.0000125 amid a bullish shift in the broader crypto market. With rising mentions and positive macro factors, could this meme coin rebound and surpass market expectations by mid-April? Let’s explore.
Is $0.001 Possible for Shiba Inu Price in the Next 45 Days?
Shiba Inu price could be on the verge of a major rebound as macro factors flip bullish. US inflation fell to 2.8%, which is lower than market expectations, fuelling speculations of a possible interest rate cut during next week’s FOMC meeting.
If the Federal Reserve trims rates from the current range of between 4.25% and 4.50%, it could drive a parabolic rally for Shiba Inu price in the next 45 days, and possibly lead to a rally towards $0.001.
A rapid surge in the SHIB burn rate could also drive such a parabolic rally. However, at press time, the burn rate was down 65%, indicative of fewer tokens being removed from the circulating supply.
However, as Shibarium approaches a crucial milestone, this burn rate could surge significantly and lower the total supply, leading to a significant upswing for Shiba Inu price.
Social metrics platform LunarCrush has also noted that meme tokens such as Shiba Inu have seen a significant increase in social mentions. Per the platform, SHIB mentions rose by 4,300, indicating that the market interest is rising, which may help fuel a parabolic price rally.
Mapping SHIB’s Path to $0.001
Shiba Inu price faces key technical barriers on its path to $0.001, with its massive 587 trillion token supply making such a rally highly challenging. If SHIB were to hit this target, it would surpass Ethereum in market cap, becoming the largest altcoin. However, institutional interest remains low, and no SHIB ETF filings. This limits the potential for widespread adoption.
Additionally, current market conditions suggest Shiba Inu price is unlikely to reach $0.001 within the next 45 days. The weekly RSI sits at 37, signaling bearish momentum and oversold conditions. With buying pressure lacking, SHIB faces significant hurdles in achieving sustained gains beyond $0.001.
However, the on-balance volume (OBV) indicator shows a bullish divergence as it remains elevated despite the price drop. This suggests that panic selling is behind the price decline rather than a bearish shift in the market sentiment. This makes it likely for the Shiba Inu price to rally.
Even if buying pressure resumes, a more realistic target for a Shiba Inu price prediction in the next 45 days is the 476.4% Fibonacci level of $0.00039.
SHIB/USDT: 1-Week Chart
To sum up, a Shiba Inu price rally to $0.001 in the next 45 days is unrealistic. However, if the SHIB burn rate were to suddenly increase and institutions show interest in a SHIB ETF, such gains could happen.
Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.
Dogecoin Price Eyes A 10x Breakout Ahead
In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders.
Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.
Source: CryptoELITES
Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline.
DOGE SuperTrend Indicator
Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21.
The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.
Source: Ali Martinez
Elon Musk Teases the DOGE Ghibli Anime
In a parody of the famous scene from Disney’s “The Lion King,” Elon Musk once again teases Dogecoin with the much popular Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.
The animated image is reminiscent of Studio Ghibli. The Ghibli Animes are seeing massive popularity recently, and Elon Musk jumping into the trend with DOGE, could provide further catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts show a probable consolidation above $0.20 for the month of April.
