Day: May 7, 2025

Fidelity’s Chris Kuiper Presents “The Investment Case For Bitcoin” At Corporate Conference

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Speaking at Strategy World 2025 today, Chris Kuiper, Vice President of Research at Fidelity Digital Assets, challenged corporations to reexamine how they think about risk, capital allocation, and long-term financial health. “Bitcoin has outperformed every major asset class over the last ten years,” Kuiper said. “If you’re a company sitting on cash or low-yield bonds, you’re falling behind.”  JUST IN: Fidelity’s Chris Kuiper presents “The Investment Case for #Bitcoin” to corporations interested in adopting BTC 💥 “Bitcoin has more good volatility than bad volatility,” there is “opportunity” here 🚀 pic.twitter.com/JSqbMVhqlF…

US Treasury Secretary expresses support for crypto bills at hearing

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Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that “good market structure” and “stablecoin legislation” could help ensure this outcome. US Treasury Secretary speaking at a May 7 hearing. Source: Scott…

Gann Angle Resistance Grid Predicts Surge

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP’s price action in the past seven days has been marked by a consistent decline from $2.25, putting the target at a probable break below $2. If XRP were…

COLDRIVER using new malware to steal from Western targets — Google

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Threat group COLDRIVER is using new malware to steal documents from Western targets, according to a May 7 report from Google Threat Intelligence. The malware, called LOSTKEYS, shows the evolution of the group from credential phishing to more sophisticated attacks. According to the Google report, the new malware is installed through four steps. The process involves a “lure website” with a fake CAPTCHA, a PowerShell script downloaded to the user’s clipboard, some device evasion, and retrieval of the final payload. Lastly, the malware is installed. LOSTKEYS payload delivery. Source: Google…

Bitcoin ‘Realized Cap’ hits $890B as BTC traders focus on recapturing $100K

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Key Takeaways: Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations. Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend. Bitcoin (BTC) price saw a short-squeeze above $97,000 on May 6, shortly after US Treasury Secretary Scott Bessent announced that trade talks would commence with China on May 10. At the same time, BTC’s realized capitalization, a metric adding the dollar value of all coins at their last moved price, soared…

Fed keeps rates steady as policymakers weigh inflation risks from Trump tariffs

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Key Takeaways The Federal Reserve held the federal funds rate steady at 4.25% to 4.5% to assess inflation risks from tariffs. Proposed tariffs by Trump could increase inflationary pressures, affecting the Fed’s rate decisions. Share this article The Federal Reserve held interest rates steady on Wednesday at a range of 4.25% to 4.5% as officials continued to assess inflation risks and growing uncertainty sparked by Trump’s trade agenda. The central bank’s decision was in line with market expectations. According to data from the CME FedWatch tool, markets had priced in…

Strive Asset Manager to become Bitcoin treasury company

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Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company. According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC). The deal will see Strive merging with Asset Entities — a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the…

MoonPay enters strategic collaboration with TRON

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Share this article Geneva, Switzerland, May 7, 2025  – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), has announced a strategic collaboration with MoonPay, the global leader in crypto payments. The first phase of the collaboration enables users across the United States to purchase TRX, the native utility token of the TRON network, directly through the MoonPay platform.  The addition of TRX for MoonPay’s U.S. users creates accessibility to TRON’s dynamic ecosystem of decentralized finance where an average…

Price predictions of major cryptocurrencies

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Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Select altcoins are holding their respective support levels, opening the gates for a short-term rally. Bitcoin (BTC) bulls are trying to knock down the immediate resistance at $97,895 and challenge the all-important $100,000 level. Crypto analytics platform Santiment said in a post on X that Bitcoin wallets holding between 10 and 10,000 Bitcoin are positive about further gains as they have acquired…

Bybit recovers liquidity levels 30 days after hack — Kaiko

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The Bybit exchange has recovered its liquidity to pre-hack levels just 30 days following the February 2025 attack that drained nearly $1.5 billion in funds. According to a report from crypto research and analytics firm Kaiko, Bitcoin’s (BTC) 1% market depth, a measure of liquidity, returned to pre-hack levels of around $13 million per day in March 2025. Bitcoin liquidity on Bybit exchange rebounds to pre-hack levels. Source: Kaiko Altcoin liquidity levels on the exchange have been slower to recover than Bitcoin but have rebounded to around 80% of the…