Category: Reviews

Saylor’s Strategy acquires 7,390 Bitcoin as new lawsuit emerges

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Key Takeaways Strategy purchased 7,390 Bitcoin for $555 million at an average price of $103,498. The company aims to hold $42 billion in Bitcoin by 2027, accumulating 576,230 BTC so far. Share this article Michael Saylor’s Strategy on Monday disclosed it had purchased 7,390 Bitcoin between May 12 and 18, investing around $765 million in the acquisition. With this move, the firm has boosted its Bitcoin holdings to 576,230 BTC, currently worth over $59 billion. The software firm financed its latest Bitcoin acquisition through capital raised from its common stock…

Bitcoin must break $110K before alt season begins, says Arthur Hayes

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Key Takeaways Arthur Hayes expects altcoin rotation after Bitcoin tops $110,000. Hayes forecasts Bitcoin reaching $1 million by 2028, coinciding with the end of Trump’s presidency. Share this article Bitcoin needs to break through $110,000 and rally toward the $150,000–$200,000 range on rising trading volume for the alt season to begin, said BitMEX co-founder Arthur Hayes in a recent interview with Fortune Crypto. “I think that happens sometime in the summer or early third quarter, and then the rotation starts into various altcoins,” Hayes noted, when asked what level Bitcoin…

Bitcoin sets new record weekly close after breaking above $106K

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Key Takeaways Bitcoin reached a new weekly high, closing above $106,000 and nearing its all-time high. Institutional and ETF inflows are driving Bitcoin’s price, with corporations increasing their BTC holdings. Share this article Bitcoin just ended the week with its strongest close in history, settling above $106,000 after a weekend rally, as shown on Binance’s BTC/USDT chart. The digital asset pushed as high as $107,000 on Sunday, narrowing the gap to its January all-time high of $109,500 to just 2%. After testing higher levels, Bitcoin eased to around $104,500 at…

CME Group set to launch XRP futures on Monday amid legal setback for SEC and Ripple

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Key Takeaways CME Group will offer XRP futures starting May 19, pending regulatory review. SEC and Ripple’s settlement request was denied, maintaining the $125 million penalty. Share this article The Chicago Mercantile Exchange (CME) Group, the world’s leading derivatives marketplace, is expected to launch XRP futures and Micro XRP futures contracts on Monday, May 19, aiming to expand its suite of regulated crypto derivatives to include the fourth-largest digital asset by market capitalization. The contracts will be available for trading on CME Globex and cleared through CME ClearPort, with access…

Texas’ Bitcoin reserve bill heads to key reading before final floor vote

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Key Takeaways Texas lawmakers are reviewing Senate Bill 21 to establish a state-managed Bitcoin reserve. The bill is part of Texas’ broader crypto-friendly policies, potentially making it the third US state to establish a Bitcoin reserve. Share this article The Texas House of Representatives will hold a key reading of Senate Bill 21 (SB 21), moving the state one step closer to creating a government-managed Bitcoin reserve, according to an update on the bill’s official page. Dennis Porter, co-founder and CEO of the Satoshi Action Fund, said in a Saturday…

Elon Musk revives ‘Kekius Maximus’ persona, triggers new meme coin gold rush

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Key Takeaways Elon Musk’s change of X profile name to Kekius Maximus led to a 1,700% surge in KEKIUS token. Similar meme coin price surges occurred previously when Musk adopted the Kekius Maximus persona. Share this article Several meme coins referencing “Kekius Maximus” saw dramatic price increases on Friday after Elon Musk updated his X profile name to the same moniker. A token trading under the name Kekius Maximus ($KEKIUS) jumped more than 1,700% in less than six hours, according to data from CoinGecko. Other similarly named tokens also posted…

Fast-food giant Steak ‘n Shake debuts Bitcoin payments via Lightning Network

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Key Takeaways Steak ‘n Shake now accepts Bitcoin payments using the Lightning Network across all US locations. The chain-wide adoption of Bitcoin by Steak ‘n Shake is a first in the US fast-food industry. Share this article Steak ‘n Shake, the American fast-food chain best known for its signature steakburgers and hand-dipped shakes, has officially accepted Bitcoin as a form of payment across all its US locations starting today. Bitcoin has been launched at Steak n Shake ⚡️🚀🍟 The revolution is underway… -Steaktoshi — Steak ‘n Shake (@SteaknShake) May 16,…

Galaxy Digital shares jump 15% on Nasdaq debut

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Key Takeaways Galaxy Digital’s direct Nasdaq listing followed a lengthy 1,320-day regulatory process. Galaxy Digital operates primarily in crypto and AI, aiming at institutional adoption. Share this article Galaxy Digital, a prominent financial services and investment management firm led by billionaire Mike Novogratz, started trading on Nasdaq Friday under the ticker GLXY. The company’s stock opened at $23.50 and surpassed $25 at press time, according to CNBC data. Shares rose about 15% from the previous trading session. Galaxy completed its long-anticipated move from the Toronto Stock Exchange to the Nasdaq…

UK investment firm amasses $655M in Ethereum post-Pectra, profit hits $77M

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Key Takeaways Abraxas Capital Management accumulated 278,639 ETH valued at $655 million since May 7. The firm realized an unrealized profit of $77 million from their Ethereum investments. Share this article A crypto wallet believed to belong to UK investment firm Abraxas Capital Management has amassed 278,639 Ethereum, worth approximately $655 million, since Ethereum’s Pectra upgrade was activated, according to on-chain data tracked by Lookonchain. The London-based asset manager accumulated the crypto asset at an average price of $2,350. With Ether trading above $2,600 at press time, the holdings reflect…