Day: May 28, 2025

Adam Back Said It’s Still Early For The Retail Investors To Buy Bitcoin

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At the 2025 Bitcoin Conference in Las Vegas, the Head of Firmwide Research at Galaxy Digital Alex Thorn, Founder and Managing Partner of Pantera Capital Dan Morehead, Managing Partner, CEO, CIO of 10T Holdings + 1RoundTable Partners Dan Tapiero and the Co-founder & CEO of Blockstream Adam Back discussed the future of Bitcoin treasury companies. Dan Tapiero started by sharing his opinion on how he sees Bitcoin in comparison to gold:  “I really have always believed in that physical ownership that the individual has the right and should be able…

Solana’s negative funding rate hints a volatile price action

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Key takeaways: Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300. Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making. Solana (SOL) price tested the $180 resistance level on May 11, but it has since consolidated below this key threshold and appears unable to establish a sustained bullish position. However, the altcoin has maintained a positive signal by closing above the 50-week exponential moving average (EMA) for three…

Ethereum’s $2.4 billion options expiry could spark a rally

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Key takeaways: 97% of ETH put options will expire worthless if ETH holds above $2,600. A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains. On May 30, $2.4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months. Despite the recent gains, Ether is down 21% in 2025, while the broader cryptocurrency market has seen a 5% increase. Ether bulls are motivated to keep…

Eric Trump Said Everybody Wants Bitcoin. Everybody Is Buying Bitcoin

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At the 2025 Bitcoin Conference in Las Vegas, the Executive Chairman & Board Member of American Bitcoin Mike Ho, the CEO of American Bitcoin Matt Prusak, the founder of Altcoin Daily Aaron Arnold, Donald Trump Jr. and Eric Trump discussed the future of Bitcoin and their views. Eric Trump started the panel by saying, “we are bringing Bitcoin to America and America is going to win the crypto revolution.”  Donald continued by mentioning the $2.5 billion bitcoin treasury. “All the announcement yesterday, True Social and TMTG committing $2.5 billion to…

Adam Back Presents Blockstream’s Bitcoin-First Infrastructure Vision At Bitcoin 2025

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Adam Back, Co-founder and CEO of Blockstream, took the stage at the Bitcoin 2025 Conference with a clear message: Bitcoin is becoming the foundation of global finance—and Blockstream is building the infrastructure to support it.  “So I think Bitcoin is still early,” Back began, “but more mainstream players are starting to become involved. It is starting to become the foundation of global finance.” From El Salvador’s President becoming “patient zero” to institutional adoption spreading rapidly, Back emphasized that “people in all layers of company management and politics have become orange-pilled.”…

Labor Dept Rescinds Biden-Era Guidance

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The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans. On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when considering cryptocurrency for 401(k) retirement plans. The move could give asset managers more flexibility to include digital assets in retirement investment options. The government agency removed the guidance asserting that it represented a departure from the department’s “historically neutral, principled-based approach to fiduciary investment decisions.” “We’re rolling back…

Bitcoin analyst says BTC price could hit $330K in 2025

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Key takeaways: Bitcoin researcher Sminston With says BTC could gain 100% to 200%, with a cycle peak between $220,000 to $330,000. Bitcoin continues to exhibit strong cyclical volatility, contradicting the belief that its price swings are softening over time. Over $4 billion in BTC has been moved by long-term holders, warning of a price correction. Analysis from Bitcoin (BTC) researcher Sminston With implied that a BTC price peak is still 100% to 200% away from current prices. In a recent X post, With shared a Bitcoin price chart using a…

Pakistan crypto chief announces Bitcoin strategic reserve

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Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience: “Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United…

GameStop shares sink 13% after first BTC buy

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Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction. The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance. The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 million on May 28. GameStop confirmed plans to create a BTC treasury strategy on March 26, following months of investor speculation and rumors that it would begin accumulating the cryptocurrency. Trump Media and Technology Group…

Bitcoin enters a consolidation phase as traders take profit

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Key point: Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg higher. Glassnode had a similar view. In its latest report, the market intelligence company said that the relative strength indicator (RSI) has weakened, suggesting easing momentum, which…