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Blockchain DXB: 🔴 25th June 🔴

2025/6/25

25th June: Blockchain DXB) podcast🟠Arizona House Passes Reserve Bill for Seized Crypto ⚫️ Big Banks “woke” policies & Trump 🔴 Chainlink Labs) + Mastercard) 🟠 WazirX) hack update🟠 Bitcoin Reserve Bill Funded by Seized Crypto- On June 24th, the Arizona House of Representatives passed House Bill 2324 in a 34-22 vote, reviving a proposal that previously failed in May. The bill establishes a framework for creating a "Bitcoin and Digital Assets Reserve Fund," to be managed by the state treasurer and funded solely through digital assets seized during criminal investigations.- If enacted, HB 2324 would become Arizona’s second digital asset reserve law this year, following House Bill 2749, which Governor Hobbs signed into law in May. Full details of the bill can be found here: https://shorturl.at/evoXD)⚫️The Wall Street Journal) article here https://shorturl.at/ZDuWH) states that Big U.S. banks like JPMorganChase) and Citi) are facing backlash from Republican-led states such as Texas and Oklahoma for allegedly discriminating against the fossil fuel and gun industries—key pillars of American life. - With President Trump's return, banks are now rushing to align with conservative values, highlighting how fragile and politically swayed traditional finance has become. This kind of selective discrimination is dangerous, limiting access based on ideology. 🟠Where does Bitcoin fit in?- Distribiuted systems like Bitcoin don’t rely on centralized institutions or political favor, making them resistant to censorship, state-level bans, or ideological backlash. In this climate, crypto stands out as a politically neutral, censorship-resistant financial alternative.🔴 Chainlink Labs) has partnered with Mastercard) to enable billions of cardholders to buy crypto directly onchain, marking a major leap in Web3 adoption. Powered by Swapper Finance and supported by zerohash), Shift4), XSwap Protocol), and Uniswap Labs) for liquidity, the system uses Chainlink’s infrastructure to verify transactions and execute smart contracts securely. Mastercard’s global payments reach combined with Chainlink’s tech offers a seamless, secure way to convert fiat to crypto—bridging traditional finance with the digital asset economy. Info here https://shorturl.at/tjxvA)🥶Hacked crypto exchange WazirX) has secured more time from a Singapore court to present its restructuring plan, gaining a critical moratorium that shields it from creditor action. Over 93% of creditors support the plan, which includes relocating operations to Panama under a new entity, Zensui Corporation, to comply with Singapore’s June 30 regulatory deadline. . Info via Decrypt) here https://shorturl.at/cX87L)🟠Two UAE news⚡️DMCC (Dubai Multi Commodities Centre)) signs strategic MoU with Aqua-Index) to support first water-backed digital token⚡️Saudi Arabia joins OECD Recommendation on AI