With Russia’s digital asset holdings now exceeding $25 billion, Donald Trump backing pro-Bitcoin legislation, and market indicators pointing toward a potential $200,000 price target, Bitcoin remains firmly in the spotlight. This week’s developments add even more weight: Texas becomes the first U.S. state to establish a publicly funded Bitcoin reserve, a solo miner strikes over $330,000 in rewards during peak mining difficulty, and North Korean hackers ramp up attacks targeting blockchain professionals. Here’s everything you need to know from another eventful week in crypto.
Texas adds Bitcoin to state reserves in bold crypto strategy
In a historic move, Texas has become the first U.S. state to officially allocate public funds to a standalone Bitcoin reserve. Governor Greg Abbott signed Senate Bill 21 into law, launching the Texas Strategic Bitcoin Reserve — a separate financial entity designed to treat Bitcoin as a long-term strategic asset. Since only cryptocurrencies with a market cap above $500 billion qualify, Bitcoin is currently the sole eligible asset.
The reserve, managed by the Texas Comptroller and guided by crypto experts, may also grow through airdrops, forks, or public donations. A separate bill, HB 4488, protects the reserve from being absorbed into the state’s general revenue, keeping it insulated from political swings. While Arizona and New Hampshire have passed similar laws, Texas is the first to commit actual public money and infrastructure to Bitcoin holdings — signaling serious intent to future-proof its finances with digital assets.
Solo miner hits $330K Bitcoin jackpot during record-high difficulty
On June 5, a solo miner pulled off a near-impossible feat by solving Bitcoin block 899,826 and earning over $330,000 in rewards. The miner, using Solo CKPool and likely renting massive hash power for a short period, spiked their hashrate to around 259 PH/s — a strategy known as a tactical burst. The odds? A staggering 1 in 3,050.
While industrial mining farms dominate the landscape, this win shows solo miners can still compete when they time their strategy just right. Solo mining remains a high-risk, high-reward game, but these victories are becoming more common in 2025. With cloud mining services booming, individual players are proving they can challenge the giants — and win.
North Korean hackers launch new malware targeting crypto professionals
Cybersecurity firm Cisco Talos has uncovered a fresh wave of attacks by North Korea-linked hackers using malware-laced fake job sites. The malware, dubbed PylangGhost, targets blockchain professionals — especially in India — and aims to steal credentials from wallets like MetaMask, Phantom, and TronLink, as well as password managers such as 1Password and NordPass.
The hackers impersonate major crypto firms like Coinbase and Uniswap, tricking victims into fake interviews where they unknowingly execute malicious commands. Once installed, the malware grants full remote access and collects sensitive browser data. These attacks highlight growing threats in the crypto hiring world, making it crucial for professionals to stay alert.
Stay informed,
Rodcas Consulting Group