Crypto News

Adopting Michael Saylor's strategy of buying for the balance sheet has clearly taken off among many publicly traded firms, substantially enriching their stock prices and shareholders. But what does it mean for the future of the bitcoin price? NYDIG Research crunched the numbers, and the results are striking. "If we apply a 10x 'money multiplier'—a rule of thumb reflecting the historical impact of new capital on bitcoin’s market cap—and divide by the total supply of bitcoin, we arrive at a rough estimate of the potential price impact: a nearly $42,000 increase per bitcoin," NYDIG said in a research report. To reach this conclusion, the analysts at NYDIG reviewed Strategy (MSTR), Metaplanet (3350), Twenty One (CEP), and Semler...

Coinbase (NASDAQ: COIN) and PayPal (NASDAQ: PYPL) have teamed up to make the payment giant's stablecoin, PayPal USD (CRYPTO: PYUSD), easier to buy and use. Coinbase is one of the leading U.S. crypto exchanges, and PayPal is a major player in e-commerce and online payments. Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. They offer a blockchain-based payment method that doesn't suffer from crypto's usual volatility. There's fierce competition for market share among stablecoins, and PayPal's Coinbase deal could give it a serious leg up. Let's look at why the deal matters and how increased stablecoin usage is good for the wider crypto ecosystem. Coinbase and PayPal's PYUSD deal On April...

Most cryptocurrencies haven't escaped unscathed from the market's chaos and economic disruptions of 2025 so far. But, at least up until now, Bitcoin (CRYPTO: BTC) is holding together reasonably well. And that's just one of the ways that it is proving that it has staying power. Let's take a look at a few of those in detail. 1. Widespread governmental adoption is looking more likely When governments buy or otherwise procure Bitcoin, they support the idea that it's an asset that's going to be valuable for a while. That's doubly true when governments are doing so after changing their tune about whether to allow the asset to be legally held and exchanged at all. And it's this exact situation that shows Bitcoin is proving that it has...

Bitcoin Is Back Up. Is the Leading Cryptocurrency's Slump Over? It's already been a wild year for Bitcoin (CRYPTO: BTC), and it's only been four months. Bitcoin soared to a new all-time high of $109,000 ahead of President Donald Trump's inauguration, briefly dipped below $75,000 after new tariffs were announced, and recently regained the $95,000 price level for the first time since February. For the year, Bitcoin is little changed, up a modest 2%. So let's pump the brakes a bit before declaring that Bitcoin is fully back. There are three key factors to keep in mind. Investor sentiment For better or for worse, Bitcoin is highly dependent on investor sentiment. This year has been a perfect example of this. Heading into the year, all...

Bitcoin Surges Past $97K as Institutional Demand and Fed Outlook Fuel Rally Bitcoin’s price has surged from $93,000 to over $97,000 on May 2. Institutional activity, favorable macro conditions, and regulatory developments likely drove the price increase. One catalyst was Strategy’s announcement that it had acquired another 15,355 BTC, bringing its total holdings to over 553,000 BTC. Meanwhile, spot Bitcoin ETFs saw net inflows of $2.68 billion this week—the highest since December, reflecting renewed institutional demand. Investors are also reacting to expectations that the Federal Reserve could cut interest rates in June due to slowing economic growth, making Bitcoin more attractive relative to traditional assets. Positive technical...

The gold market is seeing a shift in activity, with central bank buying slowing and demand from exchange-traded funds and gold-backed cryptocurrencies growing. The latter recently moved to a three-year high, as measured by the net minting volume for tokens backed by the precious metal. Over $80 million worth of these tokens were minted over the past month, according to data from rwa.xyz. That boost helped push the sector’s market cap up 6% to $1.43 billion. Meanwhile, monthly transfer volume rose 77% to $1.27 billion, marking a sharp resurgence of interest in digital representations of the precious metal. The rise in token activity mirrors a broader trend in the gold market. The World Gold Council’s latest report shows that total...

Arizona will not be investing in bitcoin (BTC), at least not this year. Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its official reserves. The legislation, known as Senate Bill 1025, proposed using seized funds to invest in BTC and create a digital assets reserve managed by the state. After passing the state House in a narrow 31–25 vote, the bill reached Hobbs' desk, where it was swiftly struck down. “The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans' retirement funds are not the place for the state to try untested investments like virtual currency,” Hobbs wrote in a statement...

CME Group’s cryptocurrency derivatives market posted a steep increase in trading activity in April, reaching a new average daily volume (ADV) of 183,000 contracts worth $8.9 billion in notional terms, the firm reported. That marks a 129% jump compared to the same month last year, suggesting growing institutional interest in crypto markets. Ether led the growth. CME’s ether futures ADV surged 239% to 14,000 contracts, while micro ether futures climbed 165% to 63,000. Micro bitcoin futures followed with a 115% increase to 78,000 contracts. The CME’s bitcoin and ether futures contracts have a larger notional value, of 5 BTC and 50 ETH, respectively. Micro contracts, meanwhile, enable more precise trading, representing just 0.1 of each...

Is Bitcoin's Rebound Just the Beginning? Over the past 30 days, Bitcoin is now up more than 15%, marking a significant rebound amid ongoing economic uncertainty. At one point, there were concerns Bitcoin might dip below the $70,000 mark. Now, it is close to regaining the $100,000 price level, which might be just the start. Here's a closer look at four bullish price predictions for Bitcoin. **Bitcoin at $200,000** At the start of the year, there was euphoria in the crypto market with predictions that Bitcoin might double in price by the end of 2025. Investment firm Bernstein released a $200,000 price forecast for Bitcoin. There are key components of this forecast, particularly institutional investment, as indicated by the amount of...

Bitcoin's (CRYPTO: BTC) price is up almost 40% in the past six months, and it might be going even higher soon. This trend is not simply random fluctuation in the asset's price. There are at least three things driving the coin's surge. All are likely to continue, so let's take a look at each. 1. Reflexivity Many investors like to think that an asset's value is determined by its fundamental attributes rather than the flighty emotions of our fellow investors. It's a nice idea, and it underpins all financial models. But it's bogus, especially when it comes to a high-profile asset like Bitcoin. Reflexivity is a finance theory that describes how an asset's price and its fundamentals co-influence each other in a feedback loop: Investor...

3 Reasons I'm Still Looking Forward to Bitcoin's Next Halving It's been just over a year since Bitcoin's last halving on April 20, 2024. The next one isn't estimated to occur until mid-April 2028. Nonetheless, there are at least three reasons to look forward to it and prepare accordingly. 1. Supply constraints will intensify Every Bitcoin halving results in the supply dynamics becoming tighter, making the coin more scarce. Halvings occur approximately every four years, cutting in half the rewards miners receive for mining Bitcoin. This reduction in new supply means buyers have to compete more, potentially driving prices upward. This scarcity, though not a guarantee of rising prices, increases the likelihood that prices might increase...

Bitcoin Price Chart It's been a wild ride for the market this year, especially in April, largely due to the volatility caused by President Donald Trump's tariffs. No asset has been spared, including the world's largest cryptocurrency Bitcoin (CRYPTO: BTC), which bounced as low as $75,000 in early April but has proven fairly resilient, rising all the way back to roughly $94,780 (as of April 28). Overall, Bitcoin is still performing very well since Trump won the election in early November and is up about 38% since that time. None have been more bullish than Michael Saylor, the co-founder and executive chairman of MicroStrategy, now doing business as Strategy. Saylor thinks Bitcoin's run is just starting to kick into high gear. In...

The IRS lost two key directors working on crypto initiatives, Seth Wilks and Raj Mukherjee, on Friday after they accepted deferred resignation offers directed by the Department of Government Efficiency. Wilks and Mukherjee, who both went to the IRS from the crypto industry, are technically still employees with the IRS for the next few months but are on paid administrative leave as of Friday afternoon, two people familiar with the situation told CoinDesk. President Donald Trump's administration, through DOGE, offered deferred resignations to a wide array of federal employees earlier this year. Wilks, who was previously a vice president at TaxBit, and Mukherjee, who was previously ConsenSys and Binance.US's head of tax, both joined the...

In February, the Department of Government Efficiency (DOGE) began soliciting public input pertaining to the U.S. Securities and Exchange Commission (SEC) — a move suggesting reform at the agency is imminent. Since then, the SEC has taken a far less adversarial stance towards the cryptocurrency industry, as evidenced by the appointment of crypto-friendly personnel and the abandonment of numerous lawsuits and investigations into crypto companies. But DOGE has the potential to implement further change, and interest in the SEC signals growing pressure towards regulators to reassess their approach to digital assets. In response to the request for public input, Paul Grewal, Chief Legal Officer at Coinbase — one of the companies no longer...

Illustration: da-kuk (Getty Images) MGX, a fund backed by Abu Dhabi, will make a $2 billion investment in the cryptocurrency exchange Binance Holdings Ltd using a digital coin developed by a Trump family firm. President Donald Trump’s son Eric announced on Thursday that the USD1 stablecoin, developed by his family’s World Liberty Financial, will be the official stablecoin backing MGX’s investment in crypto exchange Binance. The deal with the foreign government is expected to generate hundreds of millions of dollars for the Trump family. Stablecoins are cryptocurrencies that aim to maintain a one-to-one value with a less volatile asset like the U.S. dollar. Typically, they do this by relying on reserves of cash and cash-equivalent...

Wall Street analysts are standing firmly behind Strategy’s (MSTR) aggressive escalation of its bitcoin (BTC) acquisition strategy after the company unveiled plans to double its capital-raising ambitions. "While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly … MSTR yesterday issued a reminder of the extent of its first-mover advantage and how its ability to accelerate its accumulation of bitcoin has continued to increase as its platform has scaled," wrote Benchmark's Mark Palmer, reiterating his buy rating and $650 price target. Though MSTR trades at more than double the value of its bitcoin holdings, Palmer says that level is "attractive" thanks to Executive...

LONDON (Reuters) - Britain plans to restrict consumers' use of credit cards to purchase crypto and their access to crypto lending products. This move is aimed at enhancing protection as cryptoassets come under regulation for the first time. The finance ministry announced that cryptocurrencies would be brought under compulsory regulation, including exchanges, dealers, and issuers following existing rules. Crypto trading has become highly popular, with about 7 million people, or 12% of the adult population, owning cryptoassets, though it remains largely unregulated, according to the Financial Conduct Authority (FCA). The regulator emphasizes that consumers "should be prepared to lose all their money" if they invest. The government has...

Charles Schwab (SCHW) wants its piece of the crypto trading pie. "There's lots of ways for clients to get invested in crypto at Schwab. And we provide lots of insights and education around crypto," Charles Schwab CEO Rick Wurster mentioned on Yahoo Finance's Opening Bid podcast. "We are going to add spot crypto trading in the next 12 months. We're going to focus initially on bitcoin and ethereum. It'll be on our Thinkorswim platform and then shortly after on Schwab.com and on mobile." Wurster said Schwab has no plans to enter the meme coin trading environment. "Those are areas we will leave to the side and let someone else make available. We're focused on those everyday investors that want crypto to be a part of their portfolio,"...

Crypto payments firm Mesh has announced an integration with Apple Pay that will enable merchants to accept cryptocurrency payments directly through Apple Pay. Scheduled for release later in Q2, this integration will facilitate crypto transactions for Mesh's partner merchants without their own crypto infrastructure. The Apple Pay integration is powered by Mesh's SmartFunding technology, which allows customers to pay with cryptocurrencies like BTC, ETH, or SOL. Merchants can then settle these payments in the stablecoin of their choice, including USDC, USDT, PYUSD, and others. This technology claims to simplify the transaction process, with users selecting Apple Pay at checkout, authenticating via Face ID, and completing the...

The freelance economy has undergone a seismic shift in recent years, with cryptocurrencies emerging as a preferred payment method for many independent workers. As traditional financial systems grapple with high fees, slow processing times, and currency volatility, freelancers like Atikh Bana, co-founder of Acctual, are turning to crypto to streamline their workflows and protect their earnings. **High Banking Fees and Exchange Rate Problems** For freelancers in emerging markets, traditional banking systems often impose burdensome costs. Bana noted that transaction fees in some regions range from 5% to 10%, significantly eroding profits for small-scale freelancers. “On top of that, I had to deal with unfavorable exchange rates, which...