Crypto News

Billionaire investor Tim Draper is hoping to have a fund focused entirely on crypto “in the next five years.” “I raise it completely in Bitcoin, I invest it in entrepreneurs in Bitcoin, all of them pay their employees and suppliers all in Bitcoin,” he said while speaking at the Financial Times Digital Assets Summit. Draper said that the fund would run on a smart contract in order to collect tax automatically. He said, “The blockchain keeps perfect records, and my friction items — my accounting, my legal, my auditing, my bookkeeping—all go to zero, or very close to zero.” Well-known for his VC investments in Tesla, SpaceX, and Twitter, the Draper Associates founder also urged companies to acquire Bitcoin. In fact, businesses yet to...

Strive Asset Management has just announced its merger with Asset Entities, creating the first publicly traded Bitcoin treasury company. The newly combined entity will operate under Strive's name and will oversee $2 billion of assets. It will also become a NASDAQ-listed company. The agreement will allow the merged company to carry out aggressive purchases of Bitcoin through new financial products, similar to BlackRock and Grayscale. Strive Enterprises was co-founded in 2022 by Vivek Ramaswamy and Anson Frericks. The new firm will be led by Strive CEO Matt Cole, who previously managed a $70 billion fixed income portfolio. Under Cole’s leadership, the firm aims to offer a package of strategies, including a Bitcoin-for-equity tax-free...

Bitcoin’s volatility has been a constant theme this year, led by trade war uncertainties. The cryptocurrency started the year with a 15% gain, after which it reversed course in late January, falling around 26% by early March. However, after a volatile March-April month, Bitcoin regained momentum, rallying strongly and posting a 23% gain up to the first week of May. The fundamental drivers of digital currencies are expected to remain robust and support the anticipated stability ahead. Growing institutional adoption, forecasts of a weakening greenback and a favorable macroeconomic backdrop pave the way for a highly optimistic future for the digital asset, outweighing the headwinds faced by the digital currency. Growing interest from...

Trump’s personal crypto profits are no coincidence There’s no longer any question: President Donald Trump and his family are profiting from cryptocurrency ventures while he holds the highest office in the country. The numbers speak for themselves. The Trump family’s net worth has ballooned by $2.9 billion in just six months, with nearly 40% of that now tied to crypto assets. These include meme coins like $TRUMP and $MELANIA and a controlling stake in World Liberty Financial (WLF), a decentralized exchange launched during his second run for office. Trump-linked crypto firm lands $2B deal amid ethics concerns The ethical red flags are hard to miss. WLF has received a $2 billion boost from an Emirati-backed investment fund, MGX, which...

Bhutan, the South Asian country located in the Himalayan region, has partnered with Binance Pay and the country's fully digital DK Bank to launch a national-level crypto payment system for tourism. The partnership marks the first time a tourism product has accepted cryptocurrency at a national level. Tourists can avail a range of tourism services, including flight and hotel tickets, visa and Sustainable Development Fee (SDF) fees, monument entry fees, and local shopping, using Binance Pay via static and dynamic QR code payments. More than 100 merchants in Bhutan are now live with Binance Pay and DK Bank. The service supports more than 100 cryptocurrencies, including Bitcoin, BNB, and USDC. The pioneering crypto payments system lets...

NFTs may no longer be at the top of every headline, but according to Rarible co-founder Alexander Salnikov, their next chapter is only just beginning. Speaking with TheStreet Roundtable’s Mehab Qureshi, Salnikov outlined how NFTs are evolving beyond hype into real-world applications that could define the next era of digital ownership. Addressing the so-called NFT stagnation post-2021, Salnikov noted, “NFTs in 2021 had two components. First, the fundamental component of what NFTs actually are... and then the big 90% bubble on top of that was just speculative.” That speculative wave, he said, has now shifted to memecoins — but the true utility of NFTs remains strong and is growing. Interestingly, the global NFT market cap peaked at $13...

Bitcoin (BTC-USD) rose for a second day as optimism over a potential deescalation in the US-China tariff standoff bolstered demand for riskier assets. The largest digital asset rose as much as 3.2% to top $97,714 on Wednesday before paring gains, while second-ranked Ether (ETH-USD) climbed as much as 4.2%. The rally followed news that US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with the Chinese government this week in Switzerland, raising hopes that the world’s two largest economies can reach an agreement that may ease trade tensions. Meanwhile, India said in a statement early Wednesday that it had conducted targeted military strikes against Pakistan, which in turn said it had shot down five...

On April 21, 2025, Upexi stock surged more than 850% after GSR, a crypto trading firm, announced a $100 million private investment in public equity into the company. Upexi finalized the private placement by selling 43.86 million shares of common stock at $2.82 per share. The investment is aimed at expanding Upexi’s presence in the crypto sector, with a particular focus on Solana. Here’s what Upexi’s stock jump means for crypto investors, particularly those interested in Solana. Potential for Broader Institutional Adoption Upexi’s announcement to raise $100 million to establish a Solana treasury means increasing institutional confidence in crypto. This mirrors what MicroStrategy did with Bitcoin, suggesting that Solana is gaining...

In this year’s hotly contested race for New Jersey governor, some Democratic hopefuls are embracing a strategy that helped propel Republican Donald Trump back to the White House: They support crypto, and they’re not afraid to say it. At least half of the six candidates vying for the Democratic nomination have a history of backing efforts around cryptocurrencies, including US Representative Mikie Sherrill, who leads some polls in the primary race. Two others — Jersey City Mayor Steve Fulop and US Representative Josh Gottheimer — are actively talking up digital assets as part of their campaigns. “Crypto is part of my platform,” Sherrill said in an interview. “It’s part of the economy, and we need to push into this space to understand...

Key Points Bitcoin doesn't need to reinvent itself to reach $1 million; it just needs to continue becoming scarcer. If investors and institutions keep bringing new capital while new supply becomes harder to find, its price is more likely to increase over the long term. A growing number of crypto industry insiders believe the $1 million milestone is closer than expected. On May 1, Bitwise Asset Management's head of European research, Andre Dragosch, predicted Bitcoin reaching that target by 2029. But what are Dragosch and others seeing that prompts them to target seven figures for the coin's price? Supply is contracting faster than it seems Per Bitcoin's protocol, only 21 million coins can ever be mined. Currently, about 94% of that...

Bitcoin Rises as US-China Trade Talks Spark Bullish Crypto Bets Bitcoin rose alongside Asian stocks and a strengthening dollar after news that the US and China plan to hold trade talks. The largest digital asset rose about 3.2% to top $97,500 on Wednesday morning in Singapore before paring gains, while second-ranked Ether climbed as much as 4.2%. The rally followed news that US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with the Chinese government this week in Switzerland, raising hopes that the world’s two largest economies can reach an agreement that may ease trade tensions. Meanwhile, India said in a statement early Wednesday that it had conducted targeted military strikes against Pakistan...

Legislators in New Hampshire voted to pass a bill that establishes the first state crypto reserve. "New Hampshire is once again First in the Nation!" state governor Kelly Ayotte wrote on X. "Just signed a new law allowing our state to invest in cryptocurrency and precious metals." The tweet is in reference to HB 302, a bill that allows the state treasurer to invest as much as 5% of New Hampshire's public funds into precious metals and digital assets with a market cap of over $500 billion. Among crypto tokens, that would include only bitcoin. Digital assets will be held by the state treasurer using a secure custody solution or through an exchange-traded product. Now that it's been passed, the bill will become law in 60 days. The...

House Democrats registered a protest against President Donald Trump's "corruption” at a hearing on digital assets on May 6. The members were supposed to hold discussions in order to build bipartisan support for legislations on stablecoin and crypto market structure at the 'American Innovation and the Future of Digital Assets' hearing. However, the Democrats chose to voice their criticism of the president's crypto ventures during the hearing. Rep. Maxine Waters (D-CA-43) said that Trump's first 100 days were filled with failures, chaos, and incompetence. Trump is using his crypto ventures to create an avenue to enrich himself and his inner circle. “I am deeply concerned that Republicans aren’t just ignoring Trump’s corruption, they...

Tensions on Capitol Hill over President Donald Trump's various cryptocurrency ventures escalated on Tuesday, threatening to derail the digital asset sector's hope of legislation by the end of this year as a top Democratic lawmaker stalled efforts to debate a bill. Although Congress had appeared likely earlier this year to pass legislation governing digital assets for the first time, Democrats have grown increasingly frustrated as Republican Trump and his family members have promoted their personal crypto projects. Representative Maxine Waters objected to a joint hearing scheduled for Tuesday, effectively canceling proceedings between the House Financial Services Committee and the House Agriculture Committee. These were due to discuss...

The UK has ruled out the possibility of having a Strategic Bitcoin or crypto reserve, unlike the U.S. On May 6, speaking at the Financial Times Digital Asset Summit in London, Economic Secretary to the Treasury, Emma Reynolds, MP, said, “We don't think that's appropriate for our market.” Reynolds said the U.S. has changed course under President Trump but added: “That’s not the plan for us.” Although the U.K. isn’t as quick to follow Washington’s lead on Bitcoin accumulation, it is aligned with the U.S. when it comes to regulatory cooperation, Reynolds explained. She also noted that talks between British and American officials were continuing and a “regulatory forum” was in the works and planned for a June debut. The UK is...

Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a Layer 1 network developed by Crypto.com, for Web3 applications. The 21Shares Cronos ETP, which trades under the ticker CRON, is listed on Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee and provides exposure to CRO. The product allows investors to add CRO exposure to their portfolios through brokers and banks, without handling crypto wallets or exchanges. This is the latest addition to the Zurich-based firm’s growing list of crypto-linked ETPs, which already cover various cryptocurrencies. The Swiss asset manager has also been moving to expand its offering in the...

DogeOS, an application development layer for the Dogecoin ecosystem, announced the successful closing of a $6.9 million funding round led by Polychain Capital. This capital infusion will fuel the expansion of DogeOS to allow developers to build a wide range of consumer apps—from gaming to artificial intelligence—while strengthening the Dogecoin (DOGE) ecosystem. In software terms, a layer is an operating system-like collection of software. DogeOS is specific to the Dogecoin blockchain. A bump in demand helps strengthen the fundamentals of memecoin DOGE, allowing the creation of applications and other decentralized finance (DeFi) services that bolster DOGE. “Dogecoin has always been about community and culture – DogeOS is bridging...

Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a challenging period, but according to Benchmark analyst Mark Palmer, it could potentially see a five-fold increase in value. Palmer recently initiated coverage of the company's American Depository Receipts (ADRs) with a "buy" rating and a price target of $3. The shares recently closed at $0.62, experiencing a 72% decrease year-to-date. Canaan's strategy revolves around developing ASIC bitcoin chips and rigs while expanding its self-mining operations, particularly in the United States. "CAN’s vertically integrated approach differentiates it within the bitcoin mining space while positioning it to capitalize on both chip/rig sales and proprietary...

Bitcoin (BTC) options market flows indicate moderate risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell's anticipated remarks on a potential June rate cut. "While the Federal Reserve is widely expected to hold rates steady at this week’s meeting, we have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders," said Luuk Strijers, CEO of leading crypto options exchange Deribit. A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. Traders typically buy put options when looking to profit from or protect long spot market positions from market downturns. Deribit is the...

As bitcoin (BTC) and the wider crypto market await the Fed's rate decision on Wednesday, an anomaly has emerged that could weigh heavily on market mood: renewed doubt over the passing of U.S. crypto regulation. Early Tuesday, it was reported that Senate Democrats are hesitant to push forward landmark stablecoin legislation, citing concerns over President Donald Trump's growing personal gains from his crypto ventures. When Trump took office, many observers felt crypto regulation would proceed smoothly. Looking back, that optimism was probably misplaced. With the president actively involved in digital assets through family-linked projects like WLFI and memecoins, opposition has mounted, potentially slowing the regulatory progress. This...