In a shocking incident, a speedboat went airborne and crashed at 200mph during a record attempt on Lake Havasu in Arizona. The accident occurred during an annual competition that raises money for charity. Fortunately, both the driver and throttleman emerged from the closed cockpit uninjured and were taken to the hospital for examination.

Arizona lawmakers have passed two bills, Senate Bill 1025, the "Arizona Strategic Bitcoin Reserve Act," and S.B. 1373, which establishes a "Digital Assets Strategic Reserve Fund." These bills, if signed into law by Governor Katie Hobbs, could position Arizona as a leader in state-level government cryptocurrency investing. SB1025 focuses on Bitcoin as an investment asset and would allow the state treasurer and retirement systems to invest up to 10% of public funds in virtual currencies, specifically Bitcoin. It also addresses how the state manages its public monies, including storing public funds' virtual currency in a secure, segregated account within a Strategic Bitcoin Reserve, should the U.S. Secretary of the Treasury establish one.

SB1373 creates a fund to hold monies appropriated by the legislature and digital assets seized by the state, including those from criminal proceedings. Funds allocated from a legislative appropriation do not expire at the end of the fiscal year, unlike typical Arizona law. The fund may hold digital assets like Bitcoin, stablecoins, and NFTs, managed by the State Treasurer through approved custody solutions. If approved, Arizona could be the first state to fully integrate crypto into its finances.

However, Governor Hobbs' approval is uncertain due to previous budget negotiations and partisan tensions. She warned of vetoing bills not already on her desk due to funding disputes. While a budget dispute was seemingly resolved, Hobbs has not commented on SB1025 and SB1373.