bitcoin_news

• Here’s what happened in crypto today
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  Today in crypto, Moody’s degrades US credit rating, Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to analyst Scott Melker, and the co-founder of World Liberty Financial pushes back against US lawmakers' attempts to probe potential conflicts of interest involving the president.Moody's rating agency degrades US credit ratingMoody's, one of the major credit ratings agencies, downgraded the US government's creditworthiness from Aaa to Aa1 on May 16, citing increased deficits and a mounting national debt.According to the announcement, the agency forecasts higher US government debt, fueled by increasing interest expense on the debt, and a lack of cost-cutting measures curtailing government spending. The report noted:"Over the next decade, we expect larger deficits as entitlement spending rises while government revenue remains broadly flat. In turn, persistent, large fiscal deficits will drive the government's debt and interest burden higher.""The US' fiscal performance is likely to deteriorate relative to its own past and compared to other highly-rated sovereigns," the newly revised credit outlook predicted.The United States national debt is more than $36 trillion and growing. Source: US Debt ClockBitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott MelkerBitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to Scott Melker, a crypto analyst and host of The Wolf of All Streets podcast.Speaking in a recent interview, Melker cited growing institutional interest and diminishing volatility as key factors that could drive the next leg up.“250K this year, totally possible,” Melker said, adding that Bitcoin’s volatility has declined significantly in recent years.“It used to be about three times as volatile as the S&P. Now it’s less than two times.” He pointed to increased involvement from pension funds and ETF issuers as evidence of a more mature, stable market.The shift, he argued, reflects a broader trend of institutional adoption. “The more institutional money, the more Wall Street money, the more long-term holders get involved, the less volatility there’s going to be,” Melker explained.World Liberty Financial brushes off oversight concerns from CongressZach Witkoff, one of the co-founders of the Donald Trump family-backed crypto platform World Liberty Financial (WLFI), has rebuffed efforts by US lawmakers to investigate the president’s potential conflicts of interest.In a May 15 letter to Senator Richard Blumenthal, lawyers for World Liberty Financial claimed a call to investigate the crypto platform was based on “fundamentally flawed premises and inaccuracies.” Witkoff did not specifically address any allegations, claiming that WLFI was “too busy building” for oversight.“The Company rejects the false choice between innovation and oversight,” said the letter. “What it opposes is the misuses of regulatory authority and uncertainty to suppress lawful innovation.”May 15 letter to Sen. Blumenthal. Source: Zach WitkoffBlumenthal, the ranking member of the US Senate Permanent Subcommittee on Investigations, was one of many Democrats calling for investigations and legislative changes in response to Trump’s ties to WLFI, as well as his TRUMP memecoin and its dinner scheduled for the top tokenholders on May 22.The GENIUS Act, a bill to recognize stablecoins as payment instruments currently being considered in Congress, may be a bellwether for how lawmakers intend to handle the president’s potential conflicts of interest.

  2025-05-17 23:27:31 +0100
• A Bitcoiner’s guide to South Africa’s Garden Route
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  South Africa’s Garden Route, famed for its lush forests, expansive beaches and charming towns, has become a testbed for Bitcoin adoption.From Mossel Bay to Witsand and Plettenberg Bay to Knysna, Bitcoin has become popular among shop owners and travelers alike for a multitude of reasons.“We’re seeing the early signs of a parallel, permissionless economy emerging across an entire region,” James Caw, founder of SimplB — a local crypto asset provider — told Cointelegraph, “where small businesses benefit from faster, lower-cost digital payments and where people have more options to earn, send and receive sound money securely.”For tourists, the benefits are immediate: no currency exchange hassles, no international card fees, and the ability to pay instantly and securely. For locals, Bitcoin (BTC) offers a hedge against inflation, protection from currency volatility and new economic opportunities.Here’s a taste of what a Bitcoin-friendly trip along the Garden Route is like.The Garden Route is where Bitcoin meets paradiseThe Garden Route is one of South Africa’s premier tourist corridors. It stretches roughly 300 kilometers from Mossel Bay in the west to the Storms River Mouth in the east, attracting hundreds of thousands of tourists yearly.Crypto adoption is escalating thanks to South Africa’s regulatory environment, which now recognizes Bitcoin as a financial product. Across the Garden Route, you can spend pre-acquired Bitcoin freely, with little concern for local tax or exchange controls.It’s a grassroots movement. Towns like Witsand and Plettenberg Bay are at the forefront, and national retailers like Pick n Pay provide a safety net for crypto spending along the way. Every Pick n Pay store, including supermarkets, clothing outlets and Express convenience stores, accepts Bitcoin via the CryptoQR app. This guarantees you can always buy daily goods with Bitcoin wherever you travel. Related: Stablecoin fever: 5 major stablecoins are growing crypto adoptionWitsand is the Bitcoin villageLocated at the mouth of the Breede River, Witsand is a sleepy coastal town with a big reputation in the Bitcoin world. Here, Bitcoin isn’t just accepted — it’s preferred.It’s thanks to the efforts of local champions like Edwin Jones, a software engineer and passionate supporter of Bitcoin adoption in the Garden Route. Witsand has become a functioning Bitcoin circular economy. Accommodation options like Fantasea and Happy Days holiday homes, meals at Ellie’s on Main, groceries at local shops, gym memberships, boat services, petrol, surf lessons and mini-golf can be paid for using Bitcoin.As Jones notes: Bitcoin Witsand existed long before we gave it a name. It was just having conversations with friends, and as the local businesses started understanding Bitcoin, they actually demanded we start getting the technology in place.The town’s small and close-knit community has enabled rapid adoption; more than 45 establishments accept Bitcoin as of early 2025. The town’s enthusiasm is infectious, as locals and visitors enjoy the ease and security of digital payments.Witsand proudly announces its acceptance of Bitcoin. Source: Edwin JonesWitsand’s success as a Bitcoin hub is rooted in its community-driven approach. Jones outlines its growth by outlining that: Although there have been many individual businesses over the years since 2009 that started and stopped accepting Bitcoin for the Garden Route, the adoption really started kicking off in 2021.“With the Lightning Network starting to reach maturity around that time, the first Spaza Shop in Mossel Bay, Bitcoin Ekasi, started accepting Bitcoin in August 2021, and the first restaurant in Witsand in December of the same year.”Education has been central to the process. Local advocates have focused on teaching business owners the fundamentals of Bitcoin, warning against scams and emphasizing the difference between Bitcoin and speculative altcoins. “With all the circular economies advocating against gambling and trading, cautioning against interest and investments, being explicitly Bitcoin, and focusing on the fundamentals rather than the price, scammers have been kept at bay,” Jones said. “We have also found that businesses don’t have to adapt as much as evolve.”Bitcoin doesn’t change a business — it just supercharges it. Doing the same old things, much better.Mossel Bay’s surf and social upliftmentMossel Bay, the historical gateway to the Garden Route, is not just about beaches and maritime history. Mossel Bay is home to Bitcoin Ekasi, a pioneering project that brought Bitcoin to the township of JCC Camp.Bitcoin Ekasi empowers unbanked residents by enabling them to earn and spend Bitcoin locally. Coaches at The Surfer Kids nonprofit are paid in Bitcoin, and local spaza shops accept Bitcoin for daily necessities.For the Bitcoiner tourist, Mossel Bay offers a unique opportunity for “conscious crypto-tourism.” You can take surf lessons from instructors paid in Bitcoin, visit the Bitcoin Ekasi education center, or support the project with direct donations.The town also boasts a Pick n Pay that accepts Bitcoin. As SimplB’s Caw observes: The Bitcoin Ekasi project first started when they began accepting Bitcoin because of the demand from foreign tourists visiting Mossel Bay. It is just so simple to function on a Bitcoin standard once you begin using it.Plettenberg Bay is the fastest-growing Bitcoin economyFurther east, Plettenberg Bay has witnessed an explosion in Bitcoin adoption. In just a few months, the number of Bitcoin-accepting merchants jumped from five to more than 75, making it one of Africa’s most dynamic crypto economies.Confirmed acceptors include Ferris Cars (which facilitates rental accommodation payments in crypto), Glow Lighting Design and all local Pick n Pay branches. Adventure tourism companies, boutique retailers and professional services are increasingly receptive to Bitcoin, especially if you ask. The rapid growth suggests an enthusiastic local scene, with businesses eager to tap into the spending power of Bitcoin tourists.Related: 8 major crypto firms announce US expansion this yearPlettenberg Bay offers a vibrant mix of beach life, nature and crypto-friendly commerce. The town’s energy is palpable, and visitors are encouraged to engage with merchants, share information about Lightning payments, and help grow the ecosystem.“Right now Plettenberg Bay is by far the most interesting circular economy in Africa and possibly the world,” said Jones. “It currently boasts having the most businesses accepting Bitcoin of any town in Africa and has achieved this in less than three months.”Bitcoin preferred signs can be found along the Garden Route. Source: Edwin JonesSedgefield is a quiet pioneerSedgefield, a tranquil town between Knysna and Wilderness, played a key role in the national rollout of Bitcoin payments at Pick n Pay. It was one of the trial sites for the innovative QR code converter from MoneyBadger, which enables Bitcoin spending at every Pick n Pay in South Africa.Sedgefield itself doesn’t have the same density of Bitcoin-accepting independent merchants as Witsand or Plettenberg Bay, but the presence of Pick n Pay ensures that crypto tourists can always pay for groceries and essentials with sats.Practical information for your tripIf you do make it out to the Garden Route, recommended wallets include Blink, Wallet of Satoshi and Phoenix — all Lightning-enabled and widely used in the region. In larger towns like Knysna, George, Wilderness and Oudtshoorn, the Bitcoin scene is still emerging. There aren’t yet established circular economies, but the nationwide acceptance of Bitcoin at Pick n Pay provides a reliable foundation for spending.The Spasie on Breede Restaurant and Bar is just one of many establishments accepting Bitcoin. Source: Edwin JonesBTC Map occasionally lists independent merchants, like Beans About Coffee in Oudtshoorn. Still, the best strategy is to ask around, look for Bitcoin signage, and use mapping tools to discover new acceptors.For accommodation, activities and dining, direct inquiry remains key. Many guesthouses and tour operators are open to Bitcoin payments, especially as awareness grows. Online platforms like Bitrefill enable you to buy gift vouchers for major retailers using Bitcoin, providing a workaround for places that don’t yet accept crypto directly.Happy travels.Magazine: Pranksy: Inside the anonymous life of an NFT legend — NFT Collector

  2025-05-17 16:21:23 +0100
• Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker
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  Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to Scott Melker, a crypto analyst and host of The Wolf of All Streets podcast.Speaking in a recent interview, Melker cited growing institutional interest and diminishing volatility as key factors that could drive the next leg up.“250K this year, totally possible,” Melker said, adding that Bitcoin (BTC)’s volatility has declined significantly in recent years.“It used to be about three times as volatile as the S&P. Now it’s less than two times.” He pointed to increased involvement from pension funds and ETF issuers as evidence of a more mature, stable market.The shift, he argued, reflects a broader trend of institutional adoption. “The more institutional money, the more Wall Street money, the more long-term holders get involved, the less volatility there’s going to be,” Melker explained.Related: New Bitcoin price all-time highs could occur in MayCrypto markets show signs of strength in 2025Market activity in 2025 has already shown signs of strength. Bitcoin surged past $104,000, while Ether (ETH) reclaimed levels above $2,600.Coinbase’s addition to the S&P 500 marked a major milestone for crypto’s integration into mainstream finance. Melker noted the company is not just entering the index but doing so in the top 50 by market cap — a reflection of how deeply rooted some crypto firms have become.In addition to Coinbase, firms like Galaxy Digital and eToro have moved forward with public listings, signaling confidence in regulatory conditions under the current US administration.Melker said that this environment, bolstered by dropped SEC lawsuits and favorable executive orders, has created what he calls “an extremely bullish” backdrop for the sector.While Bitcoin remains the primary focus, Melker acknowledged a renewed interest in altcoins. Recent price action saw Ethereum outpace Bitcoin, triggering a rally across smaller-cap tokens — a sign, he said, that “new money” is entering the space rather than just rotating within it.Related: Here is why Bitcoin price is stuck below $105KDon’t rule out a wild runDespite the optimism, Melker tempered expectations, noting that most experts are forecasting cycle highs between $120,000 and $150,000. Still, he emphasized that wild surges are not out of the ordinary in crypto.“From the 2020 lows to the last bull market, Bitcoin went from $3,000 to $69,000. A 2.5x from here wouldn’t be a big deal.”On May 16, X analytics account Apsk32 argued that Bitcoin has a “decent chance” of hitting $250,000 or more in 2025 as attention turns to gold copycat moves.Source: Apsk32On April 28, Peter Chung, head of research at quantitative trading firm Presto, also repeated his prediction that Bitcoin will reach $210,000 by the end of 2025.On April 22, analysts from Standard Chartered and Intellectia AI said institutional Bitcoin demand from exchange-traded funds and traders seeking to hedge against macroeconomic risk could cause Bitcoin’s price to more than double this year.Magazine: Binance Wallet ‘killing’ MetaMask and airdrops, Chinese RWA tokens: Asia Express

  2025-05-17 13:09:46 +0100
• Panama City mayor teases Bitcoin reserve after meeting El Salvador's Bitcoin leaders
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  Panama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador’s Bitcoin policy leaders.“Bitcoin Reserve,” Mizrachi wrote to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert.While Mizrachi didn’t share details about his discussions with Keiser and Herbert, the timing of the post came 11 days before the Bitcoin 2025 conference in Las Vegas, where Mizrachi is scheduled to speak.Source: Mayer MizrachiThe creation of a Bitcoin reserve in Panama City would follow a recently approved measure permitting the use of crypto for public payments, including taxes, fines and municipal fees.Bitcoin (BTC), Ether (ETH), Tether (USDT) and USDC (USDC) will be accepted once the crypto-to-fiat payment rails are established, Mizrachi said at the time.To push for a Bitcoin reserve at the federal level, Mizrachi would need to collaborate with Panama’s National Assembly to craft legislation. There’s no evidence to suggest that he has taken such measures.Mizrachi’s post follows the recent enactments of two Bitcoin reserve bills in the US states of Arizona and New Hampshire. Ukraine is also reportedly inching closer toward adopting Bitcoin as a national reserve asset, local media reported earlier in the month.Mizrachi, Keiser and Herbert discussed Bitcoin mining, educationA post from Keiser suggests the trio spoke about how Panama and El Salvador can leverage renewable energy to bolster their Bitcoin mining operations.“Bitcoin is transforming Central America. El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.”Herbert also noted that Panama City will integrate El Salvador’s “What is Money?” financial literacy textbook into its online library system.Related: Basel Medical shares down 15% on $1B Bitcoin buying plansKeiser and Herbert have played a crucial role in crafting El Salvador’s Bitcoin policy, which includes a Bitcoin reserve consisting of 6,179 Bitcoin (BTC), worth nearly $640 million.Keiser serves as President Nayib Bukele’s Bitcoin advisor, while Herbert runs the country’s Bitcoin Office.Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

  2025-05-17 06:14:32 +0100
• Paraguay deports three undocumented immigrants after crypto mining theft attempt
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  Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam.According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel Bogado, leading to their arrest.Prosecutors believe the men may have had ties to Teratech as independent contractors, but are still waiting on official confirmation from the company’s CEO.The three deported were Chinese nationals Jinping Duan, Tian Jianyun and Zheng Guanglong, who did not have official entry records into the country. Paraguayan authorities and Interpol believe the men illegally entered through Brazil or Bolivia.The three deported Chinese nationals pictured before leaving the country. Source: PDS Radio Y TV DigitalThe other person arrested, Nahun María Velázquez Garcete, is a legal resident in Paraguay but is believed to be part of a criminal organization.He has been charged with aggravated theft and is currently in pretrial detention.The arrested individual was hospitalized in critical condition soon after the arrest, but the injuries sustained weren’t disclosed.Paraguayan officials believe other individuals were involved in the attempted theft and are working to identify those people. As such, the case is still under investigation.Deportees may have been working illegally for monthsRolón believes the undocumented immigrants had been in Paraguay for several months and had come to work as programmers. However, it isn’t clear whether that work was performed for the company.Paraguayan officials are waiting on a report from Teratech’s CEO to determine the exact nature of his relationship with the three men.Related: Bitcoin miner Hive taps Paraguay for low-cost energy partnershipParaguay is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.The Itaipu dam has become a popular site for miners to set up, as it supplies all of Paraguay’s local electricity needs and leaves a large amount of excess electricity to tap into.Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express

  2025-05-17 03:27:10 +0100
• Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs
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  Key takeaways: Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces. On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum. Bitcoin (BTC) price has spent the bulk of the week pinned below $104,000 to $105,000, which many analysts have labelled as a resistance zone, but an alternative view suggests that BTC is simply consolidating within a bull flag. A bull flag is a continuation pattern that is characterized by a period of sideways price action following a sharp uptrend, and when the structure confirms or breaks from the trendline resistance, the uptrend continues. BTC/USDT 1-day chart. Source: TRDR.ioWhile the range-bound trading portion of the flag is said to represent indecision from buyers and sellers, in this scenario, the absence of buy volume is the primary culprit. As shown in the TRDR.io chart below, Bitcoin’s explosive move to $105,900 from $74,400 was accompanied by large liquidations in the margin markets and robust spot volumes, which aligned with several days of billion-dollar spot BTC ETF inflows. BTC/USDT 1hr chart. Source: TRDR.ioDuring this three-week period, several US-based and international companies also announced plans to purchase Bitcoin and establish BTC treasuries. The spot and futures cumulative volume delta, along with the open interest metric on the chart show traders selling near the range highs and the absence of new long leverage and significantly sized spot positions being opened in this area, whereas drops to range low (bull flag support) sees bids filled on the spot side, but there is still limited use of margin for fresh longs. BTC/USD spot and margin CVD. Source: TRDR.ioBitcoin’s recent cool-down phase is a normal outcome after the near 40% recovery that started on April 8, and the loss of upward momentum resulting from profit-taking in futures markets near the current range high is also to be expected. Bitcoin short-term holder supply profit and loss data from Glassnode supports this view, as shown in the chart below. The onchain data company highlighted profit taking for short-term traders but explained that it does not exceed the statistical norm, leaving room for further price upside. “Recently, the magnitude of STH Realized Profit has surged to almost +3 standard deviations above its 90-day average, reflecting a notable uptick in profit realization. In past cycles, particularly during rallies towards the ATH, this metric has historically climbed to over +5 standard deviations of more. This signals that much stronger profit-taking pressure is often required to overwhelm the inflow demand.” BTC: Short-term holder activity in profit and loss. Source: Glassnode Related: Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M — Time for BTC to rally?Bitcoin should test underlying support before moving higherWith the bulk of Bitcoin’s apparent sell-side liquidity absorbed during the move to $105,000, some analysts warn that a brief flush down to test $100,000 to $90,000 as support could be the next move for BTC price. Bitcoin market liquidity resource Material Indicators said, barring “a serious catalyst,“ […] BTC has a legit support test at $100K, and FireCharts show that the order book is priming for that with asks stacking and bids moving lower.” Bitcoin price liquidity heatmap. Source: Material IndicatorsSharing his view with X followers, analyst Daan Crypto Trades said that the bulk of bullish and bearish narratives with the potential to impact Bitcoin’s price action have “cleared up” and he noted that BTC price has stalled near its all-time high while stocks have continued to rally after President Trump’s US-China trade deal was confirmed. The analyst said that “$90K remains my long-term line in the sand for spot exposure,” adding that he is “cautiously bullish” with price above $90,000 but that is dependent upon how US equity markets perform in the short term. “I would not be surprised to see a short-term flush if stocks were to roll over and make a higher low somewhere. Considering most stocks moved 30% to 50% in a single month, this wouldn’t be that crazy either.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-17 01:57:29 +0100
• Solv brings RWA-backed Bitcoin yield to Avalanche blockchain
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  Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs.On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane. The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said. Solv Protocol founder Ryan Chow said the token is a way to link Bitcoin to “real-world economic cycles” in uncorrelated assets such as US government bonds and private credit, as opposed to BTC’s typical boom-and-bust four-year cycle.The token uses a multi-protocol strategy to generate yield involving Elixir’s deUSD stablecoin, Treasurys provided by BlackRock and Hamilton Lane via Elixir, and incorporated on the lending platform Euler to increase RWA exposure.“The yield is received in BTC format,” a Solv Protocol spokesperson told CointelegraphElixir deUSD is a synthetic dollar with nearly $220 million in market capitalization. Source: RWA.xyzSolv is a Bitcoin-centric staking platform that offers yield strategies across various blockchains and decentralized finance applications. The protocol commands more than $2.3 billion in total value locked, according to industry data. Solv Protocol’s TVL. Source: DefiLlamaRelated: Bitcoin supply crunch boosts confidence in $200K target for 2025 — Bitwise CIOThe race to offer Bitcoin yield intensifiesDemand for Bitcoin yield solutions has grown amid the recent wave of institutional adoption of digital assets.Earlier this month, crypto exchange Coinbase launched the Bitcoin Yield Fund, which aims to offer annual returns of between 4% and 8% on BTC holdings. The yield will be earned through a cash-and-carry strategy, which involves purchasing BTC in the spot market and selling a corresponding futures contract, Coinbase said. CoinShares analyst Satish Patel predicted the growing interest in Bitcoin yield in December, noting that more investors now see BTC “not only as a store of value but also as a means to generate yields.”While there are many ways to generate Bitcoin yield, such as leveraging derivatives or yield farming, Michael Saylor’s Strategy introduced its own “BTC Yield” metric to measure the performance of its investment strategy.Strategy’s BTC Yield, which measures how much additional Bitcoin it’s acquiring relative to its outstanding shares, is currently 15.5% year-to-date, according to the company. Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets

  2025-05-16 21:35:00 +0100
• Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M — Time for BTC to rally?
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  Key takeaways:Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days.$6.8 billion in long positions far outweight the current $25 million in shorts.Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors.Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex have cut their leveraged long positions by more than 18,000 BTC during this time. This wave of profit-taking in margin markets has led to speculation that professional traders may not be fully confident in the current $104,000 price level.Bitfinex BTC margin longs, BTC. Source: TradingView / CointelegraphBitfinex margin longs dropped to 65,889 BTC from 80,387 BTC between April 16 and May 16. This shift marks a reversal from the strong bullish margin demand seen between mid-February and mid-March, a period when Bitcoin’s price fell to $82,500 from $97,600. The current decrease in margin longs is likely a sign of healthy profit-taking rather than a turn toward bearish momentum.The reasoning behind this move is not entirely clear, since Bitcoin’s jump above $100,000 occurred on May 8, about three weeks after the margin longs peaked. Still, it would be wrong to suggest that Bitfinex whales have adopted a bearish outlook. Their margin longs now total $6.8 billion, while margin shorts stand at just $25 million, showing a major gap between bullish and bearish positions.Bitfinex BTC margin shorts, BTC. Source: TradingView / CointelegraphThis difference is mainly due to Bitfinex’s low 0.7% annual interest rate for margin trading. By contrast, those using leverage for 90-day Bitcoin futures are paying a 6.3% annualized premium. This gap creates arbitrage opportunities.For example, one can open Bitcoin longs on margin and simultaneously sell an equivalent position in BTC futures to benefit from the rate difference. Margin traders also tend to have longer time frames and higher risk tolerance than average investors, so their position changes are less affected by short-term price moves.Whales unfazed by $105,000 resistance as BTC ETFs drive optimismTo rule out factors limited to margin markets, it is useful to look at Bitcoin options. If traders expect a correction, demand for put (sell) options rises, pushing the 25% delta skew above 6%. In bullish periods, this metric usually drops below -6%.Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas.chThe current -6% options delta skew shows confidence in Bitcoin’s price, even though data over the past two weeks has ranged from neutral to slightly bullish. This indicates that whales and market makers are not especially concerned about repeated failures to break above the $105,000 barrier.Related: Bitcoin traders’ evolving view of BTC’s role in every portfolio bolsters $100K supportSome of the increased optimism, despite lower demand for leveraged bullish positions, comes from the $2.4 billion net inflows to US spot Bitcoin exchange-traded funds (ETFs) between May 1 and May 15. Therefore, the drop in Bitcoin margin longs does not mean institutional traders are turning bearish, especially when considering the BTC options markets.Although this data does not reveal whether Bitcoin is any closer to breaking above $105,000, the fact that there are $6.8 billion in leveraged margin longs clearly shows that professional traders remain highly optimistic about the price outlook.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

  2025-05-16 20:14:46 +0100
• Basel Medical shares down 15% on $1B Bitcoin buying plans
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  Shares of Basel Medical Group are down around 15% after the healthcare company announced plans to buy $1 billion in Bitcoin for its corporate treasury. On May 16, Singapore-based Basel said it was “in advanced discussions with a consortium of institutional investors and high-net-worth individuals […] to acquire a US$1 billion BTC through an innovative share-swap arrangement.The company said the benefits of its planned purchase include creating “one of the strongest balance sheets among Asia-focused healthcare providers” and providing “unmatched financial flexibility for mergers and acquisitions.”It also said the Bitcoin (BTC) treasury would help Basel “[e]stablish “a diversified asset base to weather market volatility.”But the company’s shareholders weren’t sold. Basel’s stock, BMGL, has dropped around 15% on the announcement, according to data from Google Finance.Basel Medical’s shares are down 15% intraday on May 16. Source: Google FinanceRelated: Strive to become Bitcoin treasury companyFueling acquisitionsIn April, Basel announced that it had acquired a peer healthcare provider, Bethesda Medical, for an undisclosed sum.The deal marked “the beginning of Basel Medical Group’s expansion strategy in Singapore and the broader Southeast Asian healthcare market.”Basel’s management team expects that accumulating Bitcoin will aid in these plans. “Our expanded balance sheet will allow us to move quickly on strategic opportunities as we build a premier healthcare platform across high-growth Asian markets,” Darren Chhoa, Basel’s CEO, said in a statement. Bitcoin treasury metrics. Source: Bitcointreasuries.netCorporate Bitcoin treasuriesThis isn’t the first time a company’s shareholders have punished it for announcing plans to build a Bitcoin treasury. GameStop shed nearly $3 billion in market capitalization during a single trading day in March as investors questioned the videogame retailer’s plans to stockpile Bitcoin.“There are question marks with GameStop's model. If bitcoin is going to be the pivot, where does that leave everything else?” Bret Kenwell, US investment analyst at eToro, told Reuters in March. Corporate treasuries collectively hold roughly $80 billion worth of Bitcoin as of May 16, according to data from BitcoinTreasuries.NET. Bitcoin can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks” for corporations, asset manager Fidelity Digital Assets said in a 2024 report.Magazine: Bitcoin’s $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express

  2025-05-16 19:31:14 +0100
• Price predictions 5/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
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  Key points:A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000.Ether continues to gain strength, which is being mirrored by many altcoins.Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher.Market intelligence firm Santiment highlighted in a post on X that the failure to rise above $105,000 has caused impatience among retail traders, which “historically is a bullish sign for prices.”Crypto market data daily view. Source: Coin360However, repeated failure to push the price to the all-time high of $109,588 could tempt short-term buyers to book profits. That puts the $100,000 support at risk of a breakdown. If that happens, Bitcoin could be in for a deeper pullback.Could buyers drive the price to a new all-time high, pulling select altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price predictionBitcoin bulls are struggling to propel the price above the $105,000 overhead resistance, but a positive sign is that the $100,000 support has held.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day exponential moving average ($99,416) and the relative strength index (RSI) in the overbought zone signal that bulls remain in control. If the price closes above $105,000, the BTC/USDT pair is likely to break above the $109,588 resistance. If that happens, the pair could surge to $130,000.Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the price below the 20-day EMA. If they do that, the pair could plunge to the 50-day simple moving average ($90,628).Ether price predictionEther’s (ETH) pullback is finding support at the breakout level of $2,550, signaling that every minor dip is being purchased.ETH/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns up from the current level and breaks above $2,750, the ETH/USDT pair could resume its up move. There is resistance at $2,860, but it is likely to be crossed. The pair could then climb to $3,000.The $2,400 level is the crucial support to watch out for on the downside. A break below it could sink the pair to the 20-day EMA ($2,225). If the price rebounds off the 20-day EMA, the bulls will again try to resume the up move.XRP price predictionXRP (XRP) has reached the resistance line after turning down from the overhead resistance of $2.65 on May 14.XRP/USDT daily chart. Source: Cointelegraph/TradingViewIf the price dips below the resistance line, it suggests that the bullish momentum has weakened. That increases the likelihood of a range-bound action between $2.65 and $2 for a few days.Conversely, a solid bounce off the resistance line signals that the bulls are attempting to flip the level into support. Sellers may pose a solid challenge at $2.65, but if the bulls prevail, the XRP/USDT pair could reach $3.BNB price predictionBuyers have successfully defended the $644 level in BNB (BNB), but the failure to start a strong rebound suggests that the bears have kept up the pressure.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe zone between $644 and the 20-day EMA ($631) is expected to attract buyers. If the price turns up from the support zone, the bulls will strive to kick the price to the overhead resistance at $693.On the contrary, a break and close below the 20-day EMA signals that the higher levels are attracting solid selling by the bears. The BNB/USDT pair could then plummet to the 50-day SMA ($604).Solana price predictionSolana (SOL) is facing stiff resistance at $180, but a positive sign is that the bulls have not ceded much ground to the bears.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day EMA ($161) and the RSI in the positive zone indicate the path of least resistance is to the upside. If buyers propel the price above $185, the SOL/USDT pair could resume its uptrend and travel to $210.The 20-day EMA is the critical support to watch out for on the downside. A break and close below the 20-day EMA suggests that the bulls are rushing to the exit. The pair could then decline to the 50-day SMA ($140).Dogecoin price predictionDogecoin (DOGE) is attempting to bounce off the breakout level of $0.21, signaling demand at lower levels.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day EMA ($0.20) and the RSI in the positive territory suggest that buyers are in command. A break and close above $0.26 indicates the resumption of the up move. The DOGE/USDT pair could then rally to $0.31.Sellers will have to tug the price below the 20-day EMA to invalidate the bullish view. The pair could then tumble to the 50-day SMA ($0.17), suggesting a possible range formation in the near term. Cardano price predictionCardano (ADA) turned down from $0.86 on May 12 and dropped to the neckline of the inverted head-and-shoulders pattern. ADA/USDT daily chart. Source: Cointelegraph/TradingViewA strong rebound off the neckline suggests a positive sentiment where the bulls are buying on dips. The bulls will then attempt to shove the price above the $0.86 resistance. If they do that, the ADA/USDT pair could surge to $1.01.Contrarily, a break and close below the neckline suggests that the bears have overpowered the bulls. The pair could descend to the 50-day SMA ($0.68) and later to the solid support at $0.60.Related: Bitcoin breakout odds climb as all-time highs meet $90K dip warningSui price predictionSui (SUI) pulled back to the 20-day EMA ($3.62) on May 15, but the long tail on the candlestick shows solid buying at lower levels.SUI/USDT daily chart. Source: Cointelegraph/TradingViewBoth moving averages are sloping up, and the RSI is in the positive territory, indicating that bulls have the upper hand. The buyers will try to resume the up move by pushing the price above the $4.25 resistance. If they can pull it off, the SUI/USDT pair could soar to $5. Sellers are expected to pose a strong challenge in the $5 to $5.37 zone.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it suggests that the bulls are booking profits. That may pull the pair down to $3.12.Chainlink price predictionChainlink (LINK) has turned down from the resistance line of the descending channel pattern, implying that the bears are selling on rallies.LINK/USDT daily chart. Source: Cointelegraph/TradingViewA minor positive is that the bulls have successfully defended the 20-day EMA ($15.56). Buyers will again attempt to thrust the price above the resistance line. If they succeed, the LINK/USDT pair could rally to $19.80 and then to $21.30.This positive view will be invalidated in the near term if the price plummets below the neckline. The pair may then drop to the 50-day SMA ($14), which is a crucial support to watch out for. A break and close below the 50-day SMA suggests the pair may remain inside the channel for some more time.Avalanche price predictionAvalanche (AVAX) took support at the 20-day EMA ($22.78) on May 15, indicating buying on dips.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA continues to slope up, and the RSI is in the positive territory, signaling an advantage to buyers. The bulls will have to drive the AVAX/USDT pair above $26.84 to open the doors for a rally to $31.73 and subsequently to $36.Sellers are likely to have other plans. They will try to pull the price below the 20-day EMA. If they manage to do that, it shows that the markets have rejected the breakout. The pair may slump to the 50-day SMA ($20.57).This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-16 19:17:24 +0100

crypto_market

• Altcoins are on the verge of ‘most powerful rally’ since 2017 — Analyst
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  Key takeaways:The total altcoin market cap (excluding ETH) gained $126 billion in Q2, fueling speculation of an altseason.The altcoin market cap, excluding Ether (ETH), has added $126 billion in Q2, sparking enthusiasm from analysts who have been waiting for an altseason. Crypto analyst Javon Marks noted a breakout that could rival the explosive 2017 bull run. In a recent post on X, Marks highlighted a chart comparing the TOTAL3 index (total market cap of altcoins excluding Bitcoin (BTC) and Ethereum) against the US money supply, suggesting that altcoins may be on the verge of a significant rally. A rise in TOTAL3 against the US money supply suggests that altcoins are gaining value relative to the total liquidity in the US economy, reflecting increased investor interest and capital inflow to altcoins. TOTAL3/US Money supply. Source: X.comMarks emphasized that altcoins have recently bounced off a critical retest level following a breakout, and said, “Altcoins have bounced off of the breakout retest against the US money supply and can deliver one of their most powerful runs since 2017!”Likewise, anonymous crypto trader Moustache shared an analysis on X, highlighting a weekly inverse head-and-shoulders pattern in the TOTAL3 chart. Comparing 2021 and 2025, the chart mirrors the 2021 altcoin season when top altcoins surged 174% against Bitcoin’s 20% during the final leg. The pattern, a bullish reversal indicator, suggests a rally, with the analyst forecasting "much higher levels" for altcoins.Moustache’s TOTAL3 analysis. Source: X.com“Altseason” sparks mixed sentiment among analystsWhile some analysts are on the altcoin rally bandwagon, others are approaching with caution. Technical analyst Crypto Scient explained that the recent rise in altcoin market cap has yet to reflect a higher time frame (HTF) bullish trend shift. The analyst noted that the TOTAL2 trend remained bearish after hitting resistance at the $1.25 trillion level, and said, “Since both BTC and TOTAL are near the resistance zone and TOTAL2 still has some room, I am inclined to believe that we are distributing.”Similarly, Crypto commentator DonaXBT argued that a significant breakdown in Bitcoin's dominance trendline is essential for altcoins to experience a substantial move. The accompanying chart reveals that Bitcoin dominance is above 60%, with the weekly uptrend still intact. Bitcoin dominance. Source: Cointelegraph/TradingViewAccording to the analyst, a decline below the 60% level, followed by a retest of the support zone between 56% and 58%, could serve as the initial catalyst for a full-fledged altcoin season to emerge.Related: Warren Buffett exits crypto-friendly Nubank holdings, netting $250M profitAltcoin spot trading volume is still under $10 billionData from CryptoQuant indicates that altcoin spot trading volumes remain subdued, averaging $3 billion-$5 billion/per day compared to $8 billion-$12 billion/per day in Q4 2024, indicating that altcoins are in the early stages of a rally. Despite these lower volumes, market observers see this as a precursor to significant growth, suggesting that altcoins have yet to reach their peak momentum.Bitcoin and Altcoins spot trading volume. Source: CryptoQuantThe Altcoin Season Index, currently at 24, further supports this outlook by confirming that the market is in Bitcoin season, as noted by Blockchaincenter.net. Historically, an index below 25 indicates Bitcoin dominance, but this can be a positive setup for altcoins. When the index climbs above 30-40, altcoins often experience significant pumps, driven by capital rotation from Bitcoin. With trading volumes showing early signs of recovery and the Altcoin Season Index pointing to a shift, investors’ optimism for an altcoin rally is growing.Related: Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market accelerationThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-16 21:15:00 +0100
• Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M — Time for BTC to rally?
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  Key takeaways:Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days.$6.8 billion in long positions far outweight the current $25 million in shorts.Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors.Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex have cut their leveraged long positions by more than 18,000 BTC during this time. This wave of profit-taking in margin markets has led to speculation that professional traders may not be fully confident in the current $104,000 price level.Bitfinex BTC margin longs, BTC. Source: TradingView / CointelegraphBitfinex margin longs dropped to 65,889 BTC from 80,387 BTC between April 16 and May 16. This shift marks a reversal from the strong bullish margin demand seen between mid-February and mid-March, a period when Bitcoin’s price fell to $82,500 from $97,600. The current decrease in margin longs is likely a sign of healthy profit-taking rather than a turn toward bearish momentum.The reasoning behind this move is not entirely clear, since Bitcoin’s jump above $100,000 occurred on May 8, about three weeks after the margin longs peaked. Still, it would be wrong to suggest that Bitfinex whales have adopted a bearish outlook. Their margin longs now total $6.8 billion, while margin shorts stand at just $25 million, showing a major gap between bullish and bearish positions.Bitfinex BTC margin shorts, BTC. Source: TradingView / CointelegraphThis difference is mainly due to Bitfinex’s low 0.7% annual interest rate for margin trading. By contrast, those using leverage for 90-day Bitcoin futures are paying a 6.3% annualized premium. This gap creates arbitrage opportunities.For example, one can open Bitcoin longs on margin and simultaneously sell an equivalent position in BTC futures to benefit from the rate difference. Margin traders also tend to have longer time frames and higher risk tolerance than average investors, so their position changes are less affected by short-term price moves.Whales unfazed by $105,000 resistance as BTC ETFs drive optimismTo rule out factors limited to margin markets, it is useful to look at Bitcoin options. If traders expect a correction, demand for put (sell) options rises, pushing the 25% delta skew above 6%. In bullish periods, this metric usually drops below -6%.Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas.chThe current -6% options delta skew shows confidence in Bitcoin’s price, even though data over the past two weeks has ranged from neutral to slightly bullish. This indicates that whales and market makers are not especially concerned about repeated failures to break above the $105,000 barrier.Related: Bitcoin traders’ evolving view of BTC’s role in every portfolio bolsters $100K supportSome of the increased optimism, despite lower demand for leveraged bullish positions, comes from the $2.4 billion net inflows to US spot Bitcoin exchange-traded funds (ETFs) between May 1 and May 15. Therefore, the drop in Bitcoin margin longs does not mean institutional traders are turning bearish, especially when considering the BTC options markets.Although this data does not reveal whether Bitcoin is any closer to breaking above $105,000, the fact that there are $6.8 billion in leveraged margin longs clearly shows that professional traders remain highly optimistic about the price outlook.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

  2025-05-16 20:14:46 +0100
• XRP price path to $3.40 remains intact — Here is why
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  Key takeaways:XRP price is forming a bullish V-shaped recovery pattern targeting $3.40.A 53% surge in open interest to $5.06 billion signals bullish sentiment.XRP (XRP) price shows positive signs as a bullish technical pattern emerges on its weekly chart, coinciding with increasing open interest.Increasing OI backs XRP upsideXRP price is down 2% over the last 24 hours to trade above $2.40 on May 16, but has gained 13% over the past two weeks as the broader cryptocurrency market recovered and XRP open interest (OI) surged.The OI surged 53% from $3.61 billion to $5.53 billion between May 8 and May 14, before dropping slightly to $5.06 billion on May 16. Futures OI increasing alongside the price indicates bullish sentiment.XRP futures open interest. Source: CoinGlassHistorically, significant increases in OI have preceded major rallies in XRP price. For example, the current scenario mirrors the XRP price pump in the run-up to US President Donald Trump’s inauguration in January, leading to a 70% rally from a low of $1.99 on Dec. 31, 2024, to a seven-year high of $3.40 on Jan. 16.Related: Is the XRP price rally over for now?While XRP funding rates have flipped positive, they remain relatively neutral, around 0.0065%, indicating balanced market sentiment despite growing speculation.XRP funding rates. Source: CoinGlassXRP price chart paints V-shaped recoveryXRP’s price action has been forming a V-shaped recovery pattern on the weekly candle chart since mid-January, as shown below.A V-shaped recovery is a bullish pattern formed when an asset experiences a sharp price increase after a steep decline. It is completed when the price moves up to the resistance at the top of the V formation, also known as the neckline.XRP appears to be on such a trajectory, and bulls need to flip $2.60 back into support in order to increase the chances of the price rising to $3.00. Higher than that, the next logical move would be the neckline at $3.40 to complete the V-shaped pattern. This would represent a 40% increase from the current price.XRP/USD daily chart. Source: Cointelegraph/TradingViewThe relative strength index, or RSI, has increased from 43 to 56 over the last six weeks, suggesting the bullish momentum is picking up.Several analysts have also predicted further gains for XRP, as long as key support levels hold.Crypto analyst Egrag Crypto shared an optimistic price prediction for XRP, saying that the breakout from a descending triangle in the daily timeframe could see XRP price retest the $3.40 zone.XRP/USD daily chart. Source: Egrag CryptoMarket analyst Dom emphasized that XRP must hold $2.40, which sits above all its volume-weighted average prices (VWAPs) and all the major moving averages, to sustain a bullish continuation.XRP “saw a clear break of the VWAP bands earlier this week and pushed right to the value area high (VAH) where the price stalled,” the analyst said in his latest X analysis on X, adding:“For immediate structure to stay intact, we want to see bulls defend these.”XRP/USD six-hour chart. Source: DomThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-16 14:20:00 +0100
• Warren Buffett exits crypto-friendly Nubank holdings, netting $250M profit
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  Key takeaways:Warren Buffett’s Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank.The decision to divest didn’t appear to be performance-based; Nu Holdings posted record profits in 2024 and Q1 2025.Buffett’s exit aligns with Berkshire’s broader financial sector pullback and growing cash reserve strategy.Warren Buffett, the legendary investor long known for his skepticism toward cryptocurrencies, has fully exited his position in one of Latin America’s most crypto-friendly banks, Nubank, before his departure from Berkshire Hathaway.Berkshire earns $250 million from crypto investmentsA May 15 filing with the US Securities and Exchange Commission (SEC) confirmed that Berkshire has liquidated its positions in Nubank’s parent firm, Nu Holdings, ending its stake in the digital bank.Berkshire began divesting its 40.2 million Nubank shares in 2024, selling about 20.7 million in the third quarter at an average price of $13.46 per share, according to data resource Stock Circle.Berkshire Hathaway’s Nu Holdings stake vs. NU price. Source: Stock CircleIn the fourth quarter, it sold an additional 46.3 million shares at an average price of $13.22. The final tranche of 40.2 million shares was sold in the first quarter of 2025 at an average price of $11.83. These transactions culminated in a total gain of about $250 million from the initial investment.NU doing well without BuffettBuffett’s divestment from Nu Holdings further follows the latter’s impressive earnings in recent quarters.In Q1 2025, the firm reported a net income of $557.2 million, marking a 47% increase compared to the same quarter in the previous year. Adjusted net income reached $606.5 million, reflecting a 37% year-over-year growth.In 2024, Nu Holdings achieved an annual net income of $1.97 billion, representing a 91% increase from 2023, indicating that Berkshire’s decision to liquidate NU shares entirely was not about its performance. NU weekly performance chart. Source: TradingViewBuffett’s exit aligns with Berkshire’s broader retreat from the financial sector. In Q1 2025, it also sold off Citigroup and cut its Bank of America stake, unloading over $2.1 billion in shares.These moves pushed Berkshire’s cash reserves to a record $347.8 billion, with $305.5 billion in short-term US Treasurys.Nubank has been among the most active digital banks embracing crypto services in Brazil, offering trading in Bitcoin (BTC), Ether (ETH), XRP (XRP), and other top cryptocurrencies directly through its app.Related: Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offeringsIn 2022, the neobank allocated 1% of its net assets to BTC, furthering Buffett’s indirect exposure to Bitcoin despite his criticism toward the cryptocurrency, which he once called a “rat poison squared.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-16 13:34:12 +0100
• Is XRP price going to crash again?
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  Key takeaways:XRP is retesting a falling wedge breakout, which could lead to a rally toward $3.60.Whale wallets are in the red, and history shows this isn’t bullish for XRP price.A breakdown below $1.11 could trigger an inverse cup-and-handle pattern, targeting a sharp drop to $0.50.XRP (XRP) has rebounded by more than 50% in the last five weeks to reach $2.42 on May 16. But the price remains 30% below its January 2025 peak of $3.40, raising concerns of a bull trap.Will XRP’s price sustain the recovery or drop further in the coming days? Let’s examine.Falling wedge retest hints at sharp XRP rally XRP is completing a textbook retest of its falling wedge breakout, according to chartist CW. Often, after the breakout, the price comes back down to “retest” the wedge’s upper trendline. If it holds as support, meaning buyers step in and prevent the price from falling back into the wedge, it signals strong demand and renewed confidence in the uptrend.XRP/USD three-day price chart. Source: TradingViewCW predicts XRP will hold above its falling wedge’s upper trendline, which could help its prices climb higher toward the technical upside target of $3.60. Related: History rhymes? XRP price gained 400% the last time whale flows flippedThis target is obtained by adding the wedge’s maximum height to the breakout point, as shown below.XRP/USD three-day price chart. Source: TradingViewThe wedge setup suggests that XRP will likely not crash in the coming days. But if the price drops below the wedge’s upper trendline, the bullish setup risks invalidation, exposing XRP to declines toward the lower trendline at around $1.75.Max pain scenario: 50% XRP price crashSimultaneously, XRP is possibly signi a bearish reversal signal as it forms an inverse cup-and-handle pattern.The pattern has developed over the past five months, with the rounded "cup" forming between December 2024 and March 2025, followed by the "handle" consolidation into May. The neckline support sits near $1.11. XRP/USD three-day price chart. Source: TradingViewA confirmed breakdown below this level could validate the pattern and trigger a deeper correction.Based on the pattern’s height, the projected downside target is around $0.50, a nearly 80% drop from current levels. The declining volume during the handle phase and the neutral RSI reading near 50 further support the risk of bearish continuation.XRP’s whale fractal indicates price drop below $1As of May 15, the XRP price is below the $2.58 average paid by its biggest holders—those holding over 10,000 XRP in their wallets.XRP realized price by wallet size. Source: GlassnodeWhen XRP whales are in the red, the price often rebounds toward their average buy level, but this bounce can be short-lived. Historically, it’s followed by a broader pullback that tests the average entry prices of smaller holders.For example, in September 2021, XRP briefly rose to $1.19, just above the whale realized price of $1.01. But soon after, it dropped below $1.10, retesting the entry levels of other wallet groups as support.XRP realized price by wallet size. Source: GlassnodeIt shows that realized prices act as magnets for price action, indicating XRP could rise toward the whale realized prices of $2.58 in the short term.In the worst-case scenario, XRP’s price can drop to $0.67, the realized price of the 1,000-10,000 XRP balance cohort. Taking the aggregated realized price, XRP’s target appears to be around $1.04.On the other hand, a continued rally above $2.58 will suggest bullish conviction among whales, which could be boosted by the launch of spot XRP ETFs in the US.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-16 09:41:51 +0100
• Bitcoin traders’ evolving view of BTC’s role in every portfolio bolsters $100K support
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  Key takeaway:Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin.Bitcoin (BTC) has struggled to break above $105,000 since May 10, leading traders to question whether the bullish momentum has faded. Although BTC managed to reclaim the $104,000 level, demand for leveraged long positions has dropped sharply, as indicated by the decline in the Bitcoin futures premium. Bitcoin 2-month futures annualized premium. Source: laevitas.chOn May 14, the annualized Bitcoin futures premium peaked at 7%, but then fell to 5%, which is near the neutral-to-bearish threshold and matches the level seen four weeks ago when BTC traded around $84,500. This decline in demand for leveraged bullish positions appears to be linked to broader macroeconomic uncertainty, since Bitcoin’s price has been closely following movements in the stock market.S&P 500 futures (left) vs. Bitcoin/USD (right), 30min. Source: TradingViewThe S&P 500 futures reversed early weakness on May 15, coinciding with Bitcoin’s rebound from $101,800 to $104,000. Investors seem more confident that the US Treasury will be compelled to inject liquidity after Federal Reserve Chair Jerome Powell warned that “supply shocks” could keep interest rates higher for longer than expected.Signs of economic weakness have also emerged. The US Bureau of Labor Statistics reported that April’s Producer Price Index fell 0.5% from the previous month, while economists surveyed by FactSet had anticipated a 0.2% rise. According to Reuters, investors’ limited risk appetite is also influenced by ongoing global trade tensions, as the US–China tariff agreement remains only a temporary solution.US 10-year Treasury yields. Source: TradingView / CointelegraphDemand for fixed income has increased, with the yield on the 10-year US Treasury dropping to 4.45% after reaching 4.55% on May 14, reversing the previous week’s trend. Historically, Bitcoin tends to perform better when government bond yields are rising, as this signals reduced confidence in the Treasury’s ability to manage its debt.Bitcoin’s rally to $105,000 hinges on macroeconomic trendsTo assess whether traders are simply avoiding leverage or actively betting on a price decline, it is helpful to analyze Bitcoin options demand. Typically, periods of bearish sentiment push the BTC delta skew indicator above the neutral 6% threshold.Bitcoin 60-day options delta 25% skew (put-call) at Deribit. Source: laevitas.chContrary to expectations, Bitcoin put (sell) options have been trading at a discount compared to call (buy) options, signaling strong confidence in the $100,000 support level. However, the optimism seen on May 14 has faded, with the indicator now at a neutral -4%.Related: What the 10-year Treasury yield means for crypto yields and stablecoinsSince Bitcoin’s price has closely mirrored the US stock market, the chances of breaking above $105,000 depend heavily on macroeconomic developments, such as trends in the US Federal Reserve’s balance sheet and recession risks. Notably, Bitcoin’s high correlation with the S&P 500 rarely persists for more than two months.Net inflows of $320 million into US Bitcoin exchange-traded funds (ETFs) on May 14 point to ongoing institutional demand. This suggests that investors are gradually shifting their perception of Bitcoin from a risk-on asset to a non-correlated instrument, which may reduce the likelihood of sharp price corrections, even in the absence of strong leveraged bullish positions.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

  2025-05-15 22:02:55 +0100
• Solana network activity surge and ‘megaphone’ chart pattern set $210 SOL price target
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  Key Takeaways:Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions.Solana (SOL) price tested its key resistance at $180 earlier this week, but the altcoin failed to establish a position above the level. Over the past few days, SOL has consolidated above the $170 mark, but prices have dropped 5.65% since May 14.Including the recent minor dip, Solana has formed a megaphone pattern on the 4-hour chart, a classic technical setup indicating increasing volatility. Solana 4-hour chart. Source: Cointelegraph/TradingViewThe chart illustrates that the megaphone’s upper resistance trendline sits near $185, aligning with immediate resistance at $180. A confirmed breakout above this level could propel SOL toward the pattern’s first target at $210, calculated by measuring the widest part of the pattern and projecting it upward from the breakout point. If momentum is sustained, the next target will be $210, representing a 21% rally from current prices. A break above $200 would also trigger a psychological level that could attract further buying pressure.However, it is essential to note that a megaphone pattern can also be bearish. Failure to break $180 may lead to a pullback toward the 100-day exponential moving average (EMA) at $161 or the pattern’s lower support near $150. Volume confirmation on the breakout is a key trigger, as low volume could signal a false move, leading to an immediate reversal of the initial directional bias. Related: Solana network and DeFi activity suggest SOL price rally will continueSolana’s $4 billion realized cap growth and 731 million transactions signal momentumSolana is experiencing a revival in investor interest, with Glassnode reporting a 4% to 5% rise in 30-day capital inflows, matching XRP’s (XRP) growth. After months of outflows, this trend reversal signals renewed demand in the Solana ecosystem. The realized cap, reflecting a coin’s last transacted value, is up $4 billion to $78.5 billion on May 14, showing SOL’s growing momentum.Solana realized cap. Source: GlassnodeData from a Top 7 ICO report further validates Solana’s strong performance, securing its position as the second-ranked blockchain by transactions. Over the past week, Solana processed an impressive 731 million transactions, trailing only Hyperliquid’s 1.79 billion. It significantly outperformed Base, which logged 77.1 million transactions, highlighting Solana’s existing advantage and popularity compared to other chains. Top blockchain by number of transactions. Source: X.comRelated: Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market accelerationThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-15 20:15:00 +0100
• Is Bitcoin price going to crash again?
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  Key takeaways:Bitcoin's 36% rebound from $74,500 runs into resistance at $106,000.Bid-side liquidity is staking up on the downside near $93,000.Bitcoin (BTC) price has rebounded by 36% from its April 9, five-month low at $74,500. However, its failure to decisively break above $106,000 has sparked concerns about whether a sharp correction is possible in the coming days.BTC/USD daily price chart. Source: Cointelegraph/TradingViewOver 97% of Bitcoin’s holders are now in profitBitcoin’s recent break above $105,000 saw its price rise above the short-term holder realized price as this cohort of traders flipped some of their unrealized losses into profit. Data from CryptoQuant reveals that less than 2.8% of Bitcoin investors were still in a position of loss when the price hovered around $102,000 on May 15, subsequently accounting for 97% of the supply in profit.Bitcoin: Percentage of supply in profit/loss. Source: CryptoQuantThe percentage supply in profit and loss evaluates the sum of unspent transaction outputs (UTXO) that are in profit or not by comparing the price when they were last moved and the current price.If Bitcoin continues to rise from the current levels, more investors will remain in profit. A high number of holders in profit is often seen as a sign of an overheated market, which typically precedes or coincides with price corrections. As a result of this onchain signal, Bitcoin’s price may see pullbacks over the coming days as investors choose to book profits. Bitcoin open interest remains highOpen interest (OI) on Bitcoin derivatives hit a near record high of $67.5 billion on May 14, as BTC came close to overcoming the resistance at the $106,000 level. “Bitcoin is starting to look pretty exhausted here, open interest caught up to the approximate levels of prior all-time high,” said pseudonymous trader Adam in a May 15 post on X, adding:“I think the move from 80,000 was significant enough not to see new lows, but this is not the place where I would open fresh longs.”Exchange BTC futures open interest  Source: CoinGlassAdditionally, Bitcoin CME futures OI also hit a 90-day high of 146,950 BTC on May 13, worth approximately $16.5 billion at the time, as per CryptoQuant data. Bitcoin CME futures national OI. Source: CryptoQuantAt the time of publication, CME had the lion’s share of the OI with 22.9%, followed by Binance with 17.4%, then Bybit with 10%. With the current strong demand for BTC futures contracts, investors are contemplating the possibility of a pullback similar to the one that occurred in late January, when BTC prices dropped almost 16% within seven days, setting a swing low at $91,530.Related: Bitcoin to $1M by 2028 as Hayes tells Europe to ’get your money out’Bitcoin price runs into resistance at $106,000From a technical perspective, Bitcoin's latest rally was curtailed by a supply congestion zone between $106,000 and the $109,000 all-time high. When the price was rejected from this level on Jan. 31, it recorded a 27% loss to $78,000, suggesting that the bears are aggressively defending this zone. Bitcoin bulls were required to produce a decisive daily candlestick close above this area to sustain the recovery.BTC/USD daily chart. Source: Cointelegraph/TradingViewFailure to flip $106,000 into support could cause the price to drop lower, with the accompanying long position liquidations pulling the price toward the year open at $93,000. Data from CoinGlass showed a wall of ask orders building up above $106,000, reinforcing the importance of this resistance area.Bitcoin liquidation heatmap. Source: CoinGlassThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-15 19:13:52 +0100
• Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market acceleration
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  Key takeaways:Spot Bitcoin ETF inflows dropped over 90% from $3 billion to $228 million in four weeks. While strong ETF inflows often drive Bitcoin rallies, recent data shows price movements can occur independently.Despite short-term selling pressure, long-term BTC whale buying suggests a potential continuation of the BTC uptrend.The Bitcoin (BTC) market posted a 90+% drop in spot BTC exchange-traded fund (ETF) inflows, falling from $3 billion in the last week of April to just $228 million this week.Historically, a slowdown in ETF inflows has impacted BTC price, notably when daily inflows averaged over $1.5 billion for consecutive weeks. To understand the potential impact on Bitcoin, let’s examine four key periods of significant spot ETF activity and their correlation with BTC price movements.Spot Bitcoin ETFs’ net inflows. Source: SoSoValueIn Q1 2024, from Feb. 2 to March 15, the spot ETFs recorded $11.39 billion in net inflows over seven weeks, driving a 57% price surge. However, BTC prices peaked in week five, as $4.8 billion inflows in the final two weeks did not push its value higher.Bitcoin 1-week chart. Source: Cointelegraph/TradingViewSimilarly, Q3 2024 saw $16.8 billion in inflows over nine weeks from Oct. 18 to Dec. 13, fueling a 66% rally. However, when inflows slowed in the 10th week, Bitcoin’s price dropped 9%, reinforcing the link between ETF flows and price corrections. In Q1 2025, $3.8 billion in inflows over two weeks (Jan. 17–24) coincided with a new all-time high of $110,000 on Jan. 20, but overall prices fell 4.8%.  Most recently, Q2 2025 (April 25–May 9) saw $5.8 billion in inflows and a 22% price rally, though Bitcoin had already gained 8% in the prior two weeks despite negative netflows.Bitcoin price and spot ETFs correlation. Data source: SoSoValue, CointelegraphThis data challenges the notion that spot ETF inflows consistently drive prices. While Q3 2024 and Q2 2025 suggest strong inflows fuel rallies, Q1 2024 and Q1 2025 show prices can stagnate or fall despite significant inflows. The Q2 2025 rally, partially independent of spot ETF activity, hints at other drivers like easing US tariffs, retail interest or Bitcoin whale accumulation. With inflows now at $228 million, the historical trend leans bearish, suggesting a potential correction. However, a counterargument emerges from recent whale activity, which paints a more bullish picture.Related: 6 signs predicting $140K as Bitcoin's next price topBitcoin faces selling pressure, but whales may retain the trendBitcoin exhibits short-term selling pressure as the Buy/Sell Pressure Delta turns negative, according to Alphractal CEO Joao Wedson. The chart shows that whales are starting to offload BTC between $105,000 and $100,000, a level flagged as risky by Wedson. This bearish shift, with a negative cumulative volume delta, indicates selling pressure in the short term.Bitcoin Buy/Sell Pressure Delta. Source: X.comYet, long-term buying pressure remains strong, suggesting this dip is a correction, not a reversal. Data from CryptoQuant highlights that whales are taking relatively fewer profits in the current period than in previous price peaks. Anonymous analyst Blitzz Trading noted,“Compared to previous rallies, we can see that whales have taken significantly less profit during this recent surge. This could indicate that the upward trend may continue. This chart should be monitored closely.”Bitcoin Whales. Source: CryptoQuantRelated: Bitcoin bulls aim for new all-time highs by next week as capital inflows soarThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-15 17:14:12 +0100
• 6 signs predicting $140K as Bitcoin's next price top
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  Key takeaways:Bitcoin’s price is retracing, but strong ETF inflows, high network activity and whale accumulation suggest BTC is on track to $140,000.Spot Bitcoin ETFs saw $2.9 billion in net inflows in two weeks, mirroring past rallies.Declining exchange balances and a rising transaction volume Z-score suggest increasing overall demand.Bitcoin (BTC) price was down 1.4% over the last 24 hours. It traded 6% below its all-time high of $109,000, reached on Jan. 20. Nevertheless, several fundamental, onchain and technical metrics suggest that Bitcoin’s upside is not over.Spot Bitcoin ETF inflows mirror past BTC ralliesBitcoin’s latest recovery was accompanied by strong investor appetite for spot Bitcoin exchange-traded funds (ETFs), which recorded $2.9 billion in net inflows over the last two weeks.The chart below shows that after the launch of the US-based spot Bitcoin ETFs in January 2024, these investment products saw net inflows of about $8.5 billion between Feb. 13, 2024, and March 13, 2024, peaking at a record single-day inflow of $1.045 billion on March 12, 2024.Spot Bitcoin ETF flows. Source: Glassnode Similarly, between Nov. 6, 2024, and Dec. 16, 2024, cumulative daily inflows hit $5.7 billion, aligning with Bitcoin’s 60% rally from $67,000 to $108,000 over the same period. If ETF inflows continue, Bitcoin is likely to resume its uptrend toward new all-time highs. Bitcoin market volatility index: risk-onIncreased inflows into spot Bitcoin ETFs signal high risk-on sentiment, as evidenced by a drop in the CBOE Volatility Index (VIX), which measures 30-day market volatility expectations.Bitcoin network economist Timothy Peterson highlighted that the VIX index has dropped substantially to 18 from 55 over the past 25 trading days.A VIX score below 18 implied a “risk-on” environment, favoring assets like Bitcoin. The analyst said:“This will be a 'risk on' environment for the foreseeable future.”CBOE Volatility Index. Source: Timothy PetersonPeterson’s model, which has a 95% tracking accuracy, predicted a $135,000 target within the next 100 days if the VIX remains low.Strong Bitcoin accumulation continuesReinforcing the risk-on sentiment are Bitcoin whales, who have been increasing their holdings even as the price rallied. Glassnode data shows the Bitcoin Accumulation Trend Score (ATS) at 1 (see chart below), which signifies intense accumulation by large investorsAccording to Glassnode, the spike in trend score indicates a transition from distribution to accumulation across almost all cohorts. This shift mirrors a similar accumulation pattern observed in October 2024, which preceded Bitcoin’s rise from $67,000 to $108,000, spurred by US President Donald Trump’s election victory.Bitcoin accumulation trend score. Source: GlassnodeAdditional data from Santiment reveals that addresses holding between 10 BTC and 10,000 BTC have accumulated 83,105 more BTC in the past 30 days.In a May 13 post on the X social platform, Santiment said,“With the aggressive accumulation from these large wallets, it may be a matter of time until Bitcoin's coveted $110K all-time high level is breached, particularly after the U.S. and China tariff pause.”Bitcoin 10-10,000 BTC chart holdings. Source: SantimentOverall, this is a positive sign as continued accumulation signals bullish sentiment among this cohort of investors.Related: Bitcoin looks ‘ridiculous’ as bulls attempt $2T market cap flip — AnalystDeclining Bitcoin balance on exchangesBTC balance on exchanges reached a six-year low of 2.44 million BTC on May 15. According to the chart below, more than 110,000 BTC have been moved off exchanges over the last 30 days. BTC reserve on exchanges. Source: CryptoQuantDecreasing BTC balances on exchanges means investors could be withdrawing their tokens into self-custody wallets, indicating a lack of intention to sell in anticipation of a future price increase.Increasing network activityBitcoin’s potential to rise is supported by increased network activity, as highlighted by crypto investor Ted Boydston in a May 15 post on X. The Bitcoin transaction volume Z-score measures the difference between the current transaction volume and the average. It is often used to gauge network activity and market interest.The chart below shows the metric has risen sharply from the negative zone and is approaching 1. A rising transaction volume Z-score, especially when it approaches or exceeds 1, is historically associated with Bitcoin price rallies.“This is a good sign for Bitcoin price acceleration,” remarked Boydston, adding:“Bitcoin should be full bull once the Z-score breaches 1.”Source: Ted BoydstonBTC rounded bottom pattern targets $140KFrom a technical perspective, Bitcoin’s price has formed a rounded bottom chart pattern on the daily chart (see below). Bulls are now focused on pushing the price above the neckline of the governing chart pattern at $106,660.A daily candlestick close above this level would confirm a bullish breakout from the rounded bottom formation, ushering BTC into price discovery with the technical target set at $140,000, or a 37% increase from the current level.BTC/USD daily chart. Source: TradingViewThe relative strength index, or RSI, is at 70, and a bullish cross from the SMAs suggests that the market conditions still favor the upside, which can top out at even higher than $140,000. As Cointelegraph reported, BTC price had broken out of a bull flag in the weekly timeframe, projecting a rally to $150,000.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-15 14:15:00 +0100

crypto_weekly_overview

• Hong Kong Extends Migrant Policy to Facilitate DLT and FinTech Professionals
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  A new Hong Kong government initiative seeks to attract professionals in Distributed Ledger Technology (DLT) by simplifying the immigration policy, according to a press release published August 28.On Thursday, the government of Hong Kong published its first Talent List aimed at attracting “highly skilled” experts in 11 different fields, including fintech, DLT, and cyber security, from around the world. The move designates the government’s intention to “support Hong Kong's development as a high value-added and diversified economy.”According to the press release, Hong Kong will facilitate successful applicants under the Talent List through the Quality Migrant Admission Scheme (QMAS). The QMAS has an annual quota of 1,000 people. The Chief Secretary for Administration and Chairman of the Human Resources Planning Commission, Matthew Cheung Kin-chung, said:“The promulgation of the Talent List is one of our major initiatives to enhance our competitive advantages in attracting international talents, creating cluster effects, stimulating the development of local talents and propelling Hong Kong forward."While Hong Kong continues taking regulatory actions towards digital currencies and Initial Coin Offerings (ICOs), stating that the new technology “comes with risks,” it seems to have set sights on becoming an international blockchain hub.Last month, the Hong Kong Monetary Authority (HKMA) announced the launch its own blockchain trade finance solution with 21 banks in August, aiming to substantially reduce paperwork, costs, and security risks for participants.In June, the HKMA signed a fintech collaboration agreement with the Financial Services Regulatory Authority of the Abu Dhabi Global Market “to start a dialogue on the opportunity to build a cross-border trade finance network using [DLT].” That month, Alibaba subsidiary Ant Financial trialled its first blockchain remittances, sending a transaction in three seconds between its AliPayHK app in Hong Kong and Filipino payment app GCash.The Hong Kong University of Science and Technology Business School (HKUST) recently received a $20 million research grant to improve the security capabilities of electronic payment systems earlier this month.Additionally, the HKUST in partnership with the University of Hong Kong are planning to explore blockchain technology applications, and discuss the possibility of Hong Kong’s transformation into a global fintech hub.

  2018-09-01 02:06:00 +0100
• Weekly Price Overview: VeChain, May 3
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  The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. VeChain is the fifteenth-best token in terms of market capitalization. The smart recovery from its recent lows has been on the back of the strong fundamental news. The market participants are excited about the VeChainThor Blockchain whose Mainnet Launch is expected in end-June. So, can it move further or has it run its course? Let’s see its charts. Weekly Chart VEN remained in a tight range from mid-November to mid-December of last year. It started an uptrend in end-December, which took it from the lows of 0.00002184 on November 30 to an intraday high of 0.00081678 on January 22 of this year. That’s a 3639 percent return within two months. The subsequent correction took support close to the 61.8 percent Fibonacci retracement levels of 0.00032752. The digital currency bottomed out on March 30, at 0.00031748. After a strong break out from the downtrend line, VeChain can reach 0.00062102 levels where it might face some resistance. Once this level is crossed, a retest of the highs will be on the cards. Daily Chart On the daily chart, the VEN/BTC pair has broken out of an inverted head and shoulders (H&S) pattern, which has a minimum target objective of 0.00063 levels. This is close to the overhead resistance at 0.00062102, therefore, we can expect a dip or a consolidation at this level. On the downside, support exists at the 0.00047 levels, below which the neckline of the inverse H&S pattern will provide support. How to trade the VENBTC pair now? Traders who already own the cryptocurrency should hold their positions because a move to 0.00062 is possible. There is a high probability of a dip from the overhead resistance or a consolidation. Therefore, traders can book a small percentage of their position and attempt to buy it at lower levels. Long-term holders can trail their stops higher instead of getting in and out of the position because above 0.00062102, we can expect a straight dash towards the lifetime highs. Others, who haven’t purchased the virtual currency should wait for a dip towards the 20-day EMA to buy and keep a stop loss at 0.0004, just below the 50-day SMA. Failure of a bullish pattern is a negative sign; below 0.0004, a retest of the 0.00032 levels is likely. If we don’t get a dip to the 20-day EMA, traders can wait for the consolidation or correction at the overhead resistance and then buy the breakout. A break out confirms the resumption of the uptrend and a rally to the lifetime highs is likely. Once the bulls succeed in breaking out the lifetime highs, the digital currency can extend the uptrend to 0.00111242 levels. However, as most cryptocurrencies tend to give up their gains quickly, traders should trail their stops higher to lock in the paper profits. The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

  2018-05-04 02:16:00 +0100
• Weekly Price Overview: NEO, April 26
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  The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.NEO has been an underperformer in the ongoing recovery from the lows. It has dropped to the tenth spot in terms of market capitalization.Many believe that NEO’s potential will be fully realized only in about 3-5 years from now, so it seems to be a good idea to ‘hodl’ the cryptocurrency through the dips.Let’s look at the charts and try to analyze its long-term and short-term potential.Weekly chartPost listing, NEO exchanged hands below $1 for a long time. Then, at the end of May 2017, the price started to rise and hit a high of about $58 levels in August of last year.   After such a sharp rally, it was logical to expect some profit booking, and that is what happened. Prices corrected to the 20-week EMA but managed to stay above it until early December.The cryptocurrency again broke out of the range in mid-December, and the up move topped out around the $200 mark in mid-January 2018. The ensuing correction reached a low of just about $44 levels in early April of this year.If history is an example, the digital currency rallies hard, follows it up with a deep correction and after a period of consolidation the up move resumes.In the current bear phase, NEO has completed a sharp correction, we can now expect it to consolidate for a few weeks and then resume its uptrend once again. Currently, the 50-week SMA is providing support, while the 20-week EMA is acting as a resistance.Let’s identify the important levels on the daily chart.Daily chartThe NEO/USD pair recovered smartly from the lows but is facing a stiff resistance at the downtrend line and the horizontal line around the $80 mark. Though the bulls succeeded in breaking out of $80 on April 24, they could not sustain the highs, and the price dipped back below the trendline on the very next day.Currently, we find a rounding bottom pattern, which will complete on a breakout and close above $80 levels. This has a pattern target of $115. Another possibility is that, above $80, there is a minor resistance zone between $92.5-$95.5. Once this is crossed, the cryptocurrency could skyrocket to $140 levels.On the other hand, if the price breaks down below both moving averages and $64, it will become weak and slide back towards the early April lows.Can we make use of the information above?How to trade the NEO/USD pair nowLong-term investors can expect a few weeks of consolidation, but history suggests that the next trending move should be to the upside. Therefore, they can wait and buy NEO on dips and keep a stop loss of $40.Short-term traders can wait for a breakout above $85 to establish long positions with stops around $65 levels.Traders who follow us and are long at $64 levels should maintain their stops on the remaining position at breakeven. Currently, the cryptocurrency is finding support at the moving average. A bounce and a break above $85 should reward the traders immensely. Hence, hold the position with the designated stops.The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

  2018-04-27 03:38:00 +0100
• Weekly Price Overview: Cardano, April 24
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  The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Cardano is the seventh largest cryptocurrency in terms of market capitalization. It has made a stellar comeback in the past few days on the back of its listing on the Huobi exchange and introduction of additional trading pairs on Binance exchange. #Binance Adds ADA/BNB and ADA/USDT Trading Pairshttps://t.co/GmTUh2TsN1 pic.twitter.com/HDy7JxezGV— Binance (@binance) April 17, 2018 Traders also seem to be bullish on the fundamental front as many believe that it can become a major competitor to Ethereum. So, what does the future look like? Weekly chart The ADA/BTC pair has a short but volatile history. From the lows of 0.00000254 on November 02 of last year, it skyrocketed to an intraday high of 0.00009180 on January 04 of this year. That’s a staggering return of 3514 percent within a span of about two months. Thereafter, from there, it entered into a downtrend, which saw it plunge 81 percent from the highs to 0.00001673 on March 18. What can the investors expect from here on? For the past five weeks, the digital currency is in a pullback, which has reached close to 23.6 percent retracement of the fall from 0.00009180 to 0.00001673. After such a sharp decline, a ‘V’ shaped recovery is unlikely because traders who had purchased at higher levels and were watching their portfolio sink to a huge loss would bail out once their buy levels are reached. Similarly, short-term traders, who have purchased near the lows will also book profits on rallies. The important levels to watch out on the upside are 38.2 percent Fibonacci retracement level of 0.00004541 and the 50 percent retracement levels of 0.00005427. The start of a new uptrend can be confirmed only after the next decline towards the recent lows. A range bound action for a few weeks is also possible, which will be a positive sign. Longer the time spent in forming a base, larger will be the ensuing rally. Let’s see how to use the levels above for trading.   Daily chart The daily chart shows how the current pullback has stalled right at the 23.6 percent retracement levels. For the past seven days, Cardano has been consolidating near the overhead resistance without giving up much ground. This is a positive sign. We also like the bullish crossover of the moving averages. We should see another attempt by the bulls to break out of the overhead resistance within the next few days. If they succeed, a rally to 0.00004541 will be on the cards. If the break out fails, then most of the traders who have purchased at lower levels will book out of their positions resulting in a dip. The 20-day EMA will be the first support. If this breaks, a decline to the 50-day SMA is also possible. So, how should one trade it? How to trade the ADA/BTC pair now? Long-term traders should accumulate positions on dips towards the 50-day SMA and keep a stop loss at 0.00001600. If prices sustain below the March 18 lows of 0.00001673, the targets on the downside are 0.00000965 and 0.00000560. The target of this trade is 0.000054 and higher. Short-term traders, who have purchased at lower levels can hold their positions with a stop loss at 0.00003 levels. Fresh positions by short-term traders should be only considered on a breakout and close (UTC) above 0.000035 levels with a close stop loss. Their first target is 0.000045. The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

  2018-04-25 03:17:00 +0100
• IOTA: Weekly Price Analysis
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  Weekly Price Analysis is a column where our readers decide which coin will be analyzed. Make sure to follow our social media not to miss the next questionnaire. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. IOTA is the tenth largest cryptocurrency in terms of market capitalization. While a few coins in the top 10 are attempting to recover from their recent lows, IOTA continues to struggle. The ugly spat between the IOTA team and a group of external security researchers is not helping matters either. Some believe that the IOTA founder and his team handled the whole episode immaturely, raising questions on the capability of the team to take the project further. Nevertheless, IOTA’s price has not slumped, which shows that the investors have not given up on the team completely. Now, let’s look at the technical picture of the IOTA/USD pair. Weekly chart IOTA remained range bound from mid-June to mid-November of last year. From early November to early December, the cryptocurrency rallied from a low of $0.33870 to a high of $5.59, which is a 1550 percent return within five weeks. After that, the cryptocurrency remained volatile but range-bound near the highs for five weeks. It broke below the range and slumped to a low of $1.2 in early February. Since then, this is the fourth week of consolidation near the lows. The previous consolidation had lasted only for five weeks. So, with the other coins attempting a pullback, can we expect an up move in the IOTA/USD pair? Let’s look at the daily charts to identify the levels that will confirm that the consolidation has ended. Daily chart The cryptocurrency is attempting to hold the 78.6 percent retracement of the entire rally from $0.33870 to $5.8. It has largely remained range-bound between $1.5 to $2.2117 since Feb. 02 of this year. Additionally, we find a symmetrical triangle formation at the lows with price attempting to break out of it. The moving averages are turning down, but IOTA has risen above the 20-day EMA. The 50-day SMA is close to the upper end of the range at $2.2418. If the price breaks out and closes (UTC) above the range, it has a pattern target of $2.9234. Visibly too, the major resistance is at $3 with only minor resistance at $2.62. On the other hand, if IOTA breaks down and closes below the range, it has a pattern target of $0.7883. At the same time, the support zone between $1.1 to $1.2 is likely to attract buying. So, what should traders do? We don’t find any trade setups inside the range. However, once the price breaks out and closes above $2.23, long positions can be initiated with a suitable stop loss. If the bulls succeed in breaking out of $3, a rally to $4 is possible. Traders should avoid bottom fishing if the virtual currency breaks down of the range. The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

  2018-03-02 08:10:00 +0000

eth_news

• Price predictions 5/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
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  Key points:A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000.Ether continues to gain strength, which is being mirrored by many altcoins.Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher.Market intelligence firm Santiment highlighted in a post on X that the failure to rise above $105,000 has caused impatience among retail traders, which “historically is a bullish sign for prices.”Crypto market data daily view. Source: Coin360However, repeated failure to push the price to the all-time high of $109,588 could tempt short-term buyers to book profits. That puts the $100,000 support at risk of a breakdown. If that happens, Bitcoin could be in for a deeper pullback.Could buyers drive the price to a new all-time high, pulling select altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price predictionBitcoin bulls are struggling to propel the price above the $105,000 overhead resistance, but a positive sign is that the $100,000 support has held.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day exponential moving average ($99,416) and the relative strength index (RSI) in the overbought zone signal that bulls remain in control. If the price closes above $105,000, the BTC/USDT pair is likely to break above the $109,588 resistance. If that happens, the pair could surge to $130,000.Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the price below the 20-day EMA. If they do that, the pair could plunge to the 50-day simple moving average ($90,628).Ether price predictionEther’s (ETH) pullback is finding support at the breakout level of $2,550, signaling that every minor dip is being purchased.ETH/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns up from the current level and breaks above $2,750, the ETH/USDT pair could resume its up move. There is resistance at $2,860, but it is likely to be crossed. The pair could then climb to $3,000.The $2,400 level is the crucial support to watch out for on the downside. A break below it could sink the pair to the 20-day EMA ($2,225). If the price rebounds off the 20-day EMA, the bulls will again try to resume the up move.XRP price predictionXRP (XRP) has reached the resistance line after turning down from the overhead resistance of $2.65 on May 14.XRP/USDT daily chart. Source: Cointelegraph/TradingViewIf the price dips below the resistance line, it suggests that the bullish momentum has weakened. That increases the likelihood of a range-bound action between $2.65 and $2 for a few days.Conversely, a solid bounce off the resistance line signals that the bulls are attempting to flip the level into support. Sellers may pose a solid challenge at $2.65, but if the bulls prevail, the XRP/USDT pair could reach $3.BNB price predictionBuyers have successfully defended the $644 level in BNB (BNB), but the failure to start a strong rebound suggests that the bears have kept up the pressure.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe zone between $644 and the 20-day EMA ($631) is expected to attract buyers. If the price turns up from the support zone, the bulls will strive to kick the price to the overhead resistance at $693.On the contrary, a break and close below the 20-day EMA signals that the higher levels are attracting solid selling by the bears. The BNB/USDT pair could then plummet to the 50-day SMA ($604).Solana price predictionSolana (SOL) is facing stiff resistance at $180, but a positive sign is that the bulls have not ceded much ground to the bears.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day EMA ($161) and the RSI in the positive zone indicate the path of least resistance is to the upside. If buyers propel the price above $185, the SOL/USDT pair could resume its uptrend and travel to $210.The 20-day EMA is the critical support to watch out for on the downside. A break and close below the 20-day EMA suggests that the bulls are rushing to the exit. The pair could then decline to the 50-day SMA ($140).Dogecoin price predictionDogecoin (DOGE) is attempting to bounce off the breakout level of $0.21, signaling demand at lower levels.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe upsloping 20-day EMA ($0.20) and the RSI in the positive territory suggest that buyers are in command. A break and close above $0.26 indicates the resumption of the up move. The DOGE/USDT pair could then rally to $0.31.Sellers will have to tug the price below the 20-day EMA to invalidate the bullish view. The pair could then tumble to the 50-day SMA ($0.17), suggesting a possible range formation in the near term. Cardano price predictionCardano (ADA) turned down from $0.86 on May 12 and dropped to the neckline of the inverted head-and-shoulders pattern. ADA/USDT daily chart. Source: Cointelegraph/TradingViewA strong rebound off the neckline suggests a positive sentiment where the bulls are buying on dips. The bulls will then attempt to shove the price above the $0.86 resistance. If they do that, the ADA/USDT pair could surge to $1.01.Contrarily, a break and close below the neckline suggests that the bears have overpowered the bulls. The pair could descend to the 50-day SMA ($0.68) and later to the solid support at $0.60.Related: Bitcoin breakout odds climb as all-time highs meet $90K dip warningSui price predictionSui (SUI) pulled back to the 20-day EMA ($3.62) on May 15, but the long tail on the candlestick shows solid buying at lower levels.SUI/USDT daily chart. Source: Cointelegraph/TradingViewBoth moving averages are sloping up, and the RSI is in the positive territory, indicating that bulls have the upper hand. The buyers will try to resume the up move by pushing the price above the $4.25 resistance. If they can pull it off, the SUI/USDT pair could soar to $5. Sellers are expected to pose a strong challenge in the $5 to $5.37 zone.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it suggests that the bulls are booking profits. That may pull the pair down to $3.12.Chainlink price predictionChainlink (LINK) has turned down from the resistance line of the descending channel pattern, implying that the bears are selling on rallies.LINK/USDT daily chart. Source: Cointelegraph/TradingViewA minor positive is that the bulls have successfully defended the 20-day EMA ($15.56). Buyers will again attempt to thrust the price above the resistance line. If they succeed, the LINK/USDT pair could rally to $19.80 and then to $21.30.This positive view will be invalidated in the near term if the price plummets below the neckline. The pair may then drop to the 50-day SMA ($14), which is a crucial support to watch out for. A break and close below the 50-day SMA suggests the pair may remain inside the channel for some more time.Avalanche price predictionAvalanche (AVAX) took support at the 20-day EMA ($22.78) on May 15, indicating buying on dips.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA continues to slope up, and the RSI is in the positive territory, signaling an advantage to buyers. The bulls will have to drive the AVAX/USDT pair above $26.84 to open the doors for a rally to $31.73 and subsequently to $36.Sellers are likely to have other plans. They will try to pull the price below the 20-day EMA. If they manage to do that, it shows that the markets have rejected the breakout. The pair may slump to the 50-day SMA ($20.57).This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-16 19:17:24 +0100
• Bitcoin breaks out while Coinbase breaks down: Finance Redefined
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  News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams.While less than 1% of Coinbase’s active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, as the exchange pledged to repay all phishing attack victims.Despite the attack on the world’s third-largest cryptocurrency exchange, investor sentiment remains optimistic, with the Fear & Greed Index remaining firmly in the “Greed” zone above 69, according to CoinMarketCap data.Fear & Greed Index, 30-day chart. Source: CoinMarketCapAdding to investor optimism, Coinbase saw over $1 billion worth of Bitcoin withdrawn on May 9, marking the highest net outflow recorded in 2025 so far, triggering analyst predictions of a supply-shock driven Bitcoin rally.Coinbase faces $400 million bill after insider phishing attackCoinbase was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said on May 15.Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data.“These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected.Less than 1% of Coinbase’s monthly transacting users’ data was affected by the attack, the company said.Source: CoinbaseAfter stealing the data, the attackers attempted to extort $20 million worth of Bitcoin (BTC) from Coinbase in exchange for not disclosing the breach. Coinbase refused the demand.Instead, the company offered a $20 million reward for information leading to the arrest and conviction of those responsible for the scheme.Continue reading$1 billion Bitcoin exits Coinbase in a day as analysts warn of supply shockInstitutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9.On May 9, Coinbase saw 9,739 Bitcoin, worth more than $1 billion, withdrawn from the exchange, the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.“Institutional appetite for Bitcoin is accelerating,” Dragosch added in a May 13 X post.Source: André DragoschThe outflow occurred as Bitcoin traded above $103,600 and just days after the White House announced a 90-day reduction in reciprocal tariffs between the US and China, easing market concerns and lifting broader investor sentiment.Joint statement on US-China meeting in Geneva. Source: The White HouseThe 90-day suspension of additional tariffs removed the risk of “sudden re-escalation,” which may help Bitcoin, altcoins and the wider stock market rally due to improved risk appetite, Nansen’s principal research analyst, Aurelie Barthere, told Cointelegraph.Continue readingDeFi lender Aave reaches $40 billion in value locked onchainAave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has about $40 billion in TVL.Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers. “With these milestones, Aave is proving its dominance in the Lending Space,” DeFi analyst Jonaso said in a May 12 X post. TVL represents the total value of cryptocurrency deposited into a protocol’s smart contracts. Aave v3’s TVL over time. Source: DefiLlamaContinue readingSEC delays Solana ETF as decisions for Polkadot, XRP loomThe US Securities and Exchange Commission (SEC) pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June.The SEC delayed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator.Delay on Grayscale’s Solana ETF. Source: SECThe decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post.Source: James SeyffartSpot ETFs are key drivers of liquidity and institutional adoption for digital assets. For Bitcoin, the US spot Bitcoin ETFs accounted for an estimated 75% of new investment after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for trading.While a Solana ETF may generate only a fraction of the inflows of Bitcoin ETFs, it could increase Solana’s institutional adoption in the long term by offering investors a “regulated investment vehicle” that may still attract billions of dollars in capital, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.Continue readingStarknet hits “Stage 1” decentralization, tops ZK-rollups for value lockedEthereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked.Starknet said in a news release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which means the network operates with limited oversight or “training wheels.”Starknet added that the framework was the “gold standard onchain tool for analyzing Ethereum scaling solutions,” and said it achieved the milestone through changes such as creating a security council and censorship-avoidance mechanisms. While the system still allows intervention from a security council, it has implemented a fully functional validity proof system governed by smart contracts.Starknet is now the only layer-2 ZK-rollup network to have reached Stage 1 and has grown to be the largest ZK-rollup blockchain with a total value locked of $629 million, just ahead of ZKsync’s $610 million, according to L2beat. Starknet is the fifth-largest layer-2 network by value locked, with the top four all Optimistic rollup-based, having reached Stage 1 decentralization using fraud proofs. Continue readingDeFi market overviewAccording to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.Solana-based memecoin Dogwifhat (WIF) rose over 43% as the week’s biggest gainer, followed by decentralized exchange Raydium’s (RAY) token, up nearly 19% over the past week.Total value locked in DeFi. Source: DefiLlamaThanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

  2025-05-16 19:00:00 +0100
• 51% attack on Ethereum more difficult than on Bitcoin — Justin Drake
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  Ethereum Merge architect Justin Drake told Cointelegraph that it would be cheaper to launch a 51% attack on Bitcoin than on Ethereum.Drake said it would be “much cheaper to 51% attack Bitcoin” and that it would cost “on the order of $10 billion.”Drake led work on Ethereum’s proof-of-stake (PoS) implementation and was a principal architect in the Merge (the full PoS transition event). His remarks echo a May 14 X post by Grant Hummer, the co-founder of Ethereum-focused marketing and product company Etherealize. In the post, Hummer said that Bitcoin “is completely screwed because of its security budget.”Hummer claimed it would cost $8 billion to run a successful 51% attack, and said a successful attack is “virtually certain” when the cost slips to $2 billion. A 51% attack occurs when a single entity or group controls over 50% of a blockchain network’s mining or staking power, gaining power over the network. Hummer added:“This will become blindingly obvious over the next decade. ETH is the only truly decentralized crypto-asset that can become the internet's [store of value].“Related: Coin Metrics research shows BTC and ETH are immune to 51% attacksEthereum attack would cost much moreDrake said that “to have 100% control of the chain, you need 50% + 1 of stake.” He said that it would be extremely difficult and expensive, but far from impossible:“A rich nation state can probably pull it off.“At the time of writing, there were 34,168,987 staked Ether (ETH) worth nearly $89.6 billion. Consequently, half of all ETH has a current value of almost $44.8 billion.Staked Ether chart. Source: BeaconCha.inStill, a much higher investment would likely be needed. Ether has a current market cap of $316 billion and a 24-hour trading volume of $25 billion (just over 8% of the market cap).The ETH needed for an attack is worth nearly 14.2% of the market cap and 180% of the 24-hour trading volume. An undertaking of that size would likely cause a significant ETH price appreciation, further increasing the cost of the attack.Related: Big miners pose a growing existential threat to BitcoinEthereum’s last line of defenseMatan Sitbon, the founder and CEO of blockchain interoperability developer Lightblocks, told Cointelegraph that Ethereum has an additional feature to defend against such attacks.“Ethereum’s ultimate security lies not solely in cryptography or protocol rules, but in the community’s powerful social and economic coordination mechanisms,“ he said.Drake also highlighted another advantage that he claims Ethereum has over Bitcoin. He explained that “if there is a 51% attack, the social layer can identify the attacker and socially slash it.” “This is a superpower of PoS that is not available with PoW,“ he added.Drake’s statement refers to the social layer, meaning the network’s human supermajority, which decides which software to run. Bitcoin’s simpler proof-of-work (PoW) consensus mechanism has a smaller attack surface and longer reliability track record, but it lacks this feature.Pavel Yashin, Researcher at P2P.org, told Cointelegraph that “if the centralization is detected,” the community could resolve it with a new fork. The old token would end up being delisted, and the compromised chain would fall into irrelevancy.Hassan Khan, CEO at Bitcoin liquidity protocol Ordeez, told Cointelegraph that “the debate around the feasibility of a 51% attack remains open-ended — largely because while theoretically possible, in practice the barriers are extremely high.”He said that for Bitcoin, the necessary amount of computing power and energy “makes a sustained attack highly improbable,” while for Ethereum, “PoS introduces additional economic and governance deterrents.”Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

  2025-05-16 14:29:56 +0100
• Central banks testing smart contract toolkit under BIS Project Pine
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  Central banks are experimenting with smart contracts to implement monetary policy in tokenized environments, signaling a growing interest in integrating blockchain technology into traditional finance (TradFi).According to a joint research study by the Federal Reserve Bank of New York’s Innovation Center and the Bank for International Settlements (BIS) Innovation Hub Swiss Centre, smart contracts could offer central banks flexible, rapid-response tools in a tokenized financial system.The study, dubbed Project Pine, tested a prototype “generic customizable monetary policy tokenized toolkit” for further research by central banks, according to a BIS report published May 15.“The smart contract toolkit was fast and flexible,” the BIS wrote. “In hypothetical scenarios, the central bank was able to add and change tools instantly.”The report emphasized that if tokenization becomes widely adopted for money and securities, smart contracts could play a central role in how monetary policy is executed.Project Pine system overview. Source: BISRelated: Bitcoin more of a ‘diversifier’ than safe-haven asset: ReportThis marks a “first step” in highlighting the potential benefits of tokenization for central banks, according to the BIS.The framework “speed and consistency” was “validated” within a 10-minute hypothetical scenario where central banks quickly changed collateral criteria and exchanged liquid collateral for illiquid amid falling collateral values.The smart-contract framework also allowed central banks to deploy a new facility offering reserves and changing the interest rates on the reserves in an “immediate” implementation.Project Pine, smart contract operations. Source: BISRelated: Coinbase faces $400M bill after insider phishing attackSmart contracts, tokenization may help central banksSmart contracts and tokenization technology may help central banks’ rapid response to “extraordinary events,” the BIS report said:“This speed, coupled with the ability to adjust any of the parameters at any time, gives central banks flexibility in responding to unforeseen events and fast-moving crises.”While promising, the report also acknowledged that central banks will likely face infrastructure challenges, as most existing systems are not designed for these advanced use cases.Smart contract testing scenario. Source: BISProject Pine employed Ethereum’s ERC-20 token standard combined with another standard for “access control.”Financial institutions have increasingly embraced tokenization in recent years.At the Consensus 2025 conference, Joseph Spiro, product director at DTCC Digital Assets, called stablecoins the “perfect” financial instrument for real-time collateral management for financial transactions such as loans or derivatives.Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19

  2025-05-16 11:15:22 +0100
• Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked
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  Ethereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked.Starknet said in a press release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which means the network operates with limited oversight or “training wheels.”Starknet added that the framework was the “gold standard onchain tool for analyzing Ethereum scaling solutions,” and said it achieved the milestone through changes such as creating a security council and censorship-avoidance mechanisms. While the system still allows intervention from a security council, it has implemented a fully functional validity proof system governed by smart contracts.Starknet is now the only layer-2 ZK-rollup network to have reached Stage 1 and has grown to be the largest ZK-rollup blockchain with a total value locked of $629 million, just ahead of ZKsync’s $610 million, according to L2beat. Starknet is the fifth-largest layer-2 network by value locked, with the top four all Optimistic rollup-based and all reached Stage 1 decentralization using fraud proofs. Layer-2 networks ranked by total value locked. Source: L2beatFraud proofs assume transactions are invalid until proven valid, while validity proofs assume transactions are valid only if proven valid with cryptographic evidence.“Our goal is for the training wheels to come off completely and to reach Stage 2 decentralization on Ethereum, and simultaneously steam forward with our work on Bitcoin too,” said Eli Ben-Sasson, co-founder and CEO of StarkWare, the developer behind Starknet. “Stage 2” decentralization is the point where the network will be fully autonomous and community-governed. Only three small layer-2 scaling platforms have reached this stage, according to L2beat. Related: Vitalik Buterin says rollups must prove security before decentralizingButerin introduced the concept of “training wheels” or three stages for Ethereum scaling rollup projects at various phases of development in 2022.Base leads layer-2 ecosystemThe Coinbase layer-2 network Base is the leader of the sector in terms of value locked, with $14.7 billion, giving it a market share of 33%. Comparatively, Starknet has a market share of 1.4%. The total value secured onchain in the layer-2 ecosystem is $44.2 billion. The figure has jumped recently as the value of Ether (ETH) has gained, but is down 20% so far this year.Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets

  2025-05-16 06:53:27 +0100
• Tether blacklist delay allowed $78M in illicit USDT transfers: Report
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  Update (May 15 at 3:10 pm UTC): This article has been updated to include comments from Tether. A lag in Tether’s wallet blacklisting process allowed over $78 million in illicit funds to be moved before enforcement actions took effect, according to a new report from blockchain compliance company AMLBot. Tether’s address blacklisting becomes effective only after a considerable delay from when the process is initiated on Ethereum and Tron, according the report published May 15.“This delay originates from Tether’s multisignature contract setup on both Tron and Ethereum, transforming what should be an immediate compliance action into a window of opportunity for illicit actors,“ the report reads.Tether’s blacklisting procedure is a multi-step process with a first transaction effectively warning of the upcoming blacklisting. First, a Tether administrator multisignature transaction submits a pending call to “addBlackList” on the USDT-TRC20 contract.This results in a public “submission” of the target address as a blacklist candidate. This is followed by a second multisignature transaction confirming the submission, resulting in an “AddedBlackList” emission, making the blacklisting effective.Related: Tether, Tron and TRM Labs jointly froze $126M USDT in 2024A warning on incoming blacklistingIn one example shared with Cointelegraph, an onchain transaction submitting a Tron address as a blacklist candidate took place at 11:10:12 UTC. The second transaction that actually enforced the action did not occur until 11:54:51 UTC on the same day, a 44-minute delay. In practice, this delay can be treated by owners of USDt about to be blacklisted as a notice to move their assets to avoid them being frozen. The report stated:“This delay between a freeze request and its on-chain execution creates a critical attack window, allowing malicious actors to front-run enforcement and move or launder funds before the freeze takes effect.“Example of USDt blacklisting transactions. Source: AMLBotThe report says that “for blockchain-savvy attackers, these delays are golden.” By tracking Tether’s calls in real time, a fraudster can be instantly alerted that their address is being targeted. When asked by Cointelegraph whether the delay is a technical limitation or just a delay in the actions of a multisignature wallet key holder, AMLBot researchers said that they cannot determine it without knowledge of Tether’s internal procedures.In a statement to Cointelegraph, a Tether spokesperson explained that “while any delay in enforcement should be examined, the idea that this represents a systemic loophole is both misleading and lacking perspective.” According to the company, it collaborates with law enforcement to freeze addresses on a daily basis. The statement continues:“Tether operates on public blockchains, where all activity is visible […] This transparency allows Tether, in collaboration with over 255 law enforcement agencies across 55 countries, to track, trace, and freeze illicit funds faster than most realize.“According to Tether, the delay cited in the report stems from its “multisignature governance model," which is said to prevent unilateral freezes and protect the system's integrity. The company admits that the model also introduces a delay on enforcement, noting that “it’s a trade-off for responsible responsiveness to a $100+ billion ecosystem,” with improvements on the way:“We are actively refining this process to work to eliminate any potential advantage for bad actors. If you think you can use Tether to move illicit funds, think again.“Related: Tether stablecoin issuer and Tron launch financial crime unitNot just theoreticalAMLBot said its data shows that over $28.5 million in USDT was withdrawn during the delay between the two transactions on the Ethereum blockchain. This amount of freeze avoidance occurred between Nov. 28, 2017, and May 12, 2025. The average amount moved during the delay exceeded $365,000.Similarly, $49.6 million was reportedly withdrawn during freeze delay windows on the Tron blockchain, resulting in a total on Ethereum and Tron of $78.1 million. Exploiting this delay on Tron is not particularly rare, according to AMLBot:“170 out of 3,480 wallets (4.88%) on Tron blockchain exploited the lag before getting blacklisted. Each of these wallets made 2–3 transfers during the delay, withdrawing: Average: $291,970.“A Tether spokesperson said that “the $76 million referenced in this report should be put in context of the more than $2.7 billion in USD₮ that Tether has successfully frozen and blocked to date.” Tether has previously promoted its ability to freeze assets as a compliance feature. In 2024, Tether, Tron, and analytics firm TRM Labs cooperated to freeze over $126 million in USDT linked to illicit activity.Still, the AMLBot report raises questions about the effectiveness and speed of those enforcement actions.Magazine: Chinese Tether laundromat, Bhutan enjoys recent Bitcoin boost: Asia Express

  2025-05-15 15:02:30 +0100
• Tron’s USDT supply to surpass Ethereum’s with new $1B mint
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  Stablecoin issuer Tether minted another 1 billion USDt tokens on Tron, pushing the network’s authorized USDT supply to surpass Ethereum’s.On May 15, blockchain data showed that Tether’s treasury minted $1 billion of its dollar-pegged stablecoin, USDt (USDT), into the Tron network. As of May 14, Tether’s stablecoin transparency page shows that Tron’s authorized USDT totals $73.7 billion, while Ethereum has $74.5 billion in authorized USDT tokens. If the newly minted tokens are added to the number of authorized USDT assets, Tron’s supply surpasses Ethereum’s. In terms of circulating supply, Tron also has the lead with $73.6 billion USDT on the network, while Ethereum only has $71.8 billion. Source: PeckShieldAlertTether’s USDT mints replenish the company’s token inventoryTether CEO Paolo Ardoino previously said on X that some of the company’s blockchain-based USDT mints are used to replenish their USDT inventory on blockchain networks. This means the tokens will be used for the next batch of issuance requests and chain swaps. In traditional business settings, inventory replenishment requires stock orders to meet demands. Similarly, Tether may mint USDT to maintain a sufficient supply and hold on to the assets until they are issued officially. This ensures that the firm’s liquidity management is smooth. This means that the authorized USDT supply on a network indicates the stablecoin issuer anticipates future issuance demand of the stablecoin on a blockchain. Related: Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is hereEthereum and Tron battle for USDT supply dominanceTron led USDT circulation between July 2022 and November 2024. CryptoQuant data showed that an $18 billion USDT mint on Ethereum pushed the network ahead in 2025. Tron’s USDT supply quickly caught up, with the latest mint pushing it past Ethereum again. According to Tether’s transparency page, Solana has the third-biggest supply of USDT in the market, with $2.3 billion authorized on the network. Avalanche has $1.8 billion in authorized USDT, making it the fourth-largest. While Avalanche has over $1 billion in authorized USDT, the network has a net circulation of only $752 million in tokens. The Open Network, Aptos, Near, Celo and Cosmos have smaller authorized and circulating USDT supplies. CoinGecko data shows that Tether’s total circulation is at a record high of $150 billion, a 9.4% increase over its supply at the start of 2025. This gives the stablecoin issuer 61% of all the USD stablecoins in the market. Circle, its closest competitor, has $60.4 billion in stablecoins, giving it a market share of 24.6%, according to CoinGecko. Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

  2025-05-15 14:40:26 +0100
• Nasdaq-listed BTCS to boost ETH holdings with $57.8M raise
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  Publicly traded company BTCS announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy. The Rockville, Maryland-based company announced the deal on May 14, saying that the move will allow it to expand validator node operations and build recurring revenue from Ether (ETH) staking.BTCS CEO Charles Allen said the move follows Strategy’s (formerly MicroStrategy) high-profile Bitcoin (BTC) accumulation blueprint and will leverage Ethereum for long-term growth. “We are executing a disciplined strategy to increase our Ethereum exposure and drive recurring revenue through staking and our block building operations,” Allen said.Source: BTCSBTCS issues initial $7.8 million convertible notesAs part of the agreement, BTCS issued an initial $7.8 million tranche in convertible notes, with the option to draw an additional $50 million in funding subject to mutual agreement. The notes are convertible to BTCS common stock at a fixed price of $5.85 per share, almost 200% more than the company’s $1.99 stock price on May 13. The notes carry a two-year maturity and a 6% annual interest rate. This means that BTCS has two years to repay the loan if it’s not converted into stock, and that while the notes are active, the company will pay 6% in interest yearly. In simple terms, investors are betting that BTCS stock will rise. In exchange, the company gains access to capital for scaling its Ethereum operations. Investors also received an option to buy 1.9 million shares at $2.75 each for the next five years. This is much higher than the current stock price but lower than the conversion rate stated in the agreement. The financing agreement follows the company’s recent use of the lending protocol Aave to borrow funds to acquire ETH. However, the company did not disclose in the announcement how much ETH it had acquired through the protocol. Related: Ethereum Foundation unveils security initiative to supplant legacy systemsBTCS doubles down on Ether as asset gains 42% BTCS’s announcement to purchase ETH came after the crypto asset made massive gains following the Pectra upgrade. On May 12, Ether’s market cap surged by 42%, surpassing the stock valuations of Coca-Cola and Alibaba. The surge in value placed Ether as the 39th-largest asset by market cap. Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

  2025-05-15 10:01:03 +0100
• Why is Ethereum (ETH) price down today?
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  Key takeaways:Ether’s price fell over 4% to $2,575 on May 15, mirroring similar downward moves across the wider cryptocurrency market.Long liquidations and a drop in open interest facilitated ETH’s drop.“Overbought” RSI and technical resistance signal profit-taking.Ether (ETH) price declined by over 4% in the last 24 hours to around $2,575 on May 15. ETH’s drop mirrored similar downside moves elsewhere in the cryptocurrency market, with the total capitalization falling by approximately 2.40% to $3.3 trillion.ETH/USD four-hour chart. Source: Cointelegraph/TradingViewLet’s look at some of the factors driving Ether’s price down today.ETH price down as long liquidated, and OI falls Ether’s open interest (OI) has decreased by 4.5% to $31.52 billion over the last 24 hours, according to data from CoinGlass. This decline in OI signals reduced trader confidence and liquidity as investors exit the market, driving down prices.ETH derivatives data. Source: CoinGlassThe drawback in ETH price has triggered liquidations, where long positions valued at $64.6 million were forcibly closed on the day, compared to approximately $21 million in short positions.Related: 3 reasons why Ethereum price could rally to $5,000 in 2025The broader crypto market also experienced a sharp deleveraging event, with total liquidations reaching $312 million across all assets.Crypto market liquidations (24 hours). Source: CoinGlassThe combination of forced sell-offs and low market participation has amplified Ether’s bearish momentum.The 24-hour long/short ratio of 0.9558 and a 32.5% drop in trading volume suggest a waning bullish sentiment.ETH Long/Short Ratio Chart. Source: CoinGlassEthereum’s rally stalls with buyer exhaustion Data from Cointelegraph Markets Pro and TradingView shows Ether’s impressive rally over the last week has pushed its relative strength index (RSI) above 70 on shorter and longer timeframe charts, indicating overbought conditions. The RSI heatmap from CoinGlass shows ETH’s RSI at 71 and 73 on the 12-hour and daily timeframes, respectively.ETH/USD daily chart. Source: Cointelegraph/TradingViewEther’s price also faces stiff resistance on the upside, defined by the $2,600 and $2,800 range. Note that this is where the 200-day SMA currently sits.Popular crypto analyst Michael van de Poppe said Ether is required to overcome this barrier to increase its chances of recording new highs for 2025.“If this happens on $ETH, that would signal a lot of potential upside to come for the entire #Altcoin market.”Source: Michael van de PoppeThe downside target for the short term is between $2,100 and $2,230, which could provide a good entry position for late investors, according to Van de Poppe. As Cointelegraph reported, Ether’s crypto market dominance has reached its most overheated levels since May 2021, which have historically preceded major pullbacks.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

  2025-05-15 08:44:55 +0100
• 3 reasons why Ethereum price could rally to $5,000 in 2025
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  Key takeaways:A longer-term ETH price rally is dependent on SEC approval of in-kind ETF creation and staking to attract more investors. AI adoption and Ethereum layer-2 growth must drive onchain activity to restore the network’s deflationary burn mechanism.Ether (ETH) surged 43.6% between May 7 and May 14, but its current price of $2,600 still falls short of the 2021 peak of $4,868. Some analysts argue that the current bullish momentum is “just the beginning of a much larger and aggressive uptrend,” raising the likelihood of a near-term rally to $5,000.However, the catalysts for a new ETH all-time high in 2025 remain uncertain, particularly in the face of intensifying competition.Source: X/AdrianoFeriaAccording to X user AdrianoFeria, ETH is “the best candidate for institutional diversification” since professional fund managers appreciate “similar levels of regulatory clarity and accessibility” through multiple spot exchange-traded funds (ETFs), although recent data hasn’t been especially encouraging. Ether remains the sole alternative to spot Bitcoin ETFsBetween May 12 and May 13, US-listed Ether ETFs saw net outflows of $4 million. The size of the Ether ETF market is 92% smaller than Bitcoin’s $121.5 billion, highlighting a clear lack of institutional appetite for ETH-based products. This has led some traders to question whether Ether can truly gain traction among professional investors.ETH/USDT vs. competitors XRP, TRX, BNB, ADA. Source: TradingView / CointelegraphWhile competing cryptocurrencies have outperformed ETH in 2025, their chances of being included in US state-level digital asset reserves have plummeted. This follows US President Trump’s decision on March 2 to distance himself from lobbyists supporting XRP, SOL, and ADA. The “Digital Asset Stockpile” executive order issued on March 6 was notably more cautious, drawing a clear line between Bitcoin (BTC) and other altcoins.Ether’s best-case scenario may involve a lack of direct ETF competition, which would depend on the US Securities and Exchange Commission (SEC) rejecting several pending applications. Analysts also suggest that Ether ETFs could gain momentum from in-kind creation and staking approvals — developments considered highly likely before year-end, according to Bloomberg Intelligence analyst James Seyffart.Pectra upgrade improved scalability, setting the stage for AI adoptionPreviously hailed as the answer to Ether’s monetary policy, the built-in burn mechanism introduced in 2021 was designed to reduce supply growth based on network demand. However, the shift in focus toward scalability through rollups has largely offset its deflationary impact. As a result, a significant increase in onchain activity is now required for Ether to become deflationary once more.Ethereum rollups ranked by 30-day transactions. Source: L2BeatThe recent Pectra upgrade has improved data transmission efficiency, setting the stage for enhanced scalability. Layer-2 network activity rose 23% compared to the previous month, with the Base network taking the lead at 244.2 million transactions in 30 days, according to L2beat. If this momentum holds, it could generate sustained demand for ETH and help further differentiate Ethereum from rival platforms.Related: Ethereum retakes 10% market share, but ETH bulls shouldn't celebrate yetSource: X/econoarThe path to a $5,000 ETH price remains uncertain, but artificial intelligence may serve as a powerful catalyst. Ethereum advocate Eric Conner observed that ChatGPT prefers Ethereum’s layer-2 infrastructure for managing funds via multisignature contracts, allowing autonomous agents to pay merchants, settle balances, and allocate surplus into decentralized finance applications.Although it is difficult to predict whether the AI-driven trend will fully develop, the potential for smart contract activity to increase tenfold from current levels is within reach. This growth could make a new all-time high for ETH in 2025 achievable, especially if institutional interest accelerates following long-awaited regulatory changes.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

  2025-05-14 22:59:16 +0100

hacker_news

• The Lost Japanese ROM of the Macintosh Plus
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  2025-05-17 23:12:15 +0000
• AniSora: Open-source anime video generation model
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  2025-05-17 23:59:03 +0000
• Coding without a laptop: Two weeks with AR glasses and Linux on Android
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  2025-05-14 15:11:57 +0000
• FreeBASIC is a free/open source BASIC compiler for Windows DOS and Linux
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  2025-05-17 22:47:55 +0000
• Tornado warnings delayed because of DOGE cuts
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  2025-05-18 01:18:52 +0000
• Mystical
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  2025-05-17 18:21:18 +0000
• Dead Stars Don’t Radiate
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  2025-05-17 17:54:20 +0000
• Directory of MCP Servers
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  2025-05-17 19:14:56 +0000
• Proton threatens to quit Switzerland over new surveillance law
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  2025-05-17 14:59:10 +0000
• GM Is Pushing Hard to Tank California's EV Mandate
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  2025-05-18 01:17:42 +0000

investing

• NAB CEO warns Trump's 'tariff madness' may end Australia's easing cycle
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  2025-03-18 01:41:04 UTC
• Gold scales record peak, rises above $3,000 again as tariff uncertainty fuels safe-haven demand
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  2025-03-18 01:40:41 UTC
• Dollar stuck near 5-month low, struggles to shake off growth concerns
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  2025-03-18 01:30:35 UTC
• Israeli military conducts strikes on Hamas targets in Gaza, army says
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  2025-03-18 01:25:48 UTC
• Toronto excludes Tesla from EV incentive due to US trade war
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  2025-03-18 01:25:46 UTC
• Exclusive-Vietnam developer proposes 15-year rescue for bank at heart of giant fraud, documents show
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  2025-03-18 01:15:50 UTC
• Lucid Group: Morgan Stanley upgrades to Equal-Weight on AI bull scenario
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  2025-03-18 01:11:08 UTC
• Delta regional jet wing struck runway at New York airport
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  2025-03-18 00:50:13 UTC
• Toronto removes EV incentives for Tesla amid US-Canada trade war
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  2025-03-18 00:44:26 UTC
• US Commerce department bans Chinese AI DeepSeek on govt devices - Reuters
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  2025-03-18 00:39:43 UTC

reddit_entrepreneur

• NooB Monday! - March 17, 2025
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  2025-03-17 09:00:38 UTC
• I Spent $90,400 Creating a Recovery Device...
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  2025-03-17 19:29:11 UTC
• The Hardest Lesson About Entrepreneurship No One Warns You About
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  2025-03-17 21:15:45 UTC
• How do people balance a 9-5 while building a startup?
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  2025-03-17 14:37:24 UTC
• What I Wish Someone Had Told Me Before Starting My Company
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  2025-03-17 19:27:20 UTC
• Made $450 Building an Agent
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  2025-03-17 20:46:17 UTC
• A successful entrepreneur I know once told me: "You have no excuse not to surround yourself with like-minded people digitally."
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  2025-03-17 18:35:56 UTC
• I grew my house painting business to 7 figures by mastering THIS one thing most contractors completely miss
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  2025-03-16 20:06:13 UTC
• I just found out you can rank on chatgpt
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  2025-03-17 08:22:05 UTC
• Becoming an entrepreneur when you’re shy and awkward
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  2025-03-18 01:27:52 UTC

startup_stories

• #2275 He’s doing SEO on ChatGPT
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  Have you noticed how AI search results are now linking to websites? Today’s guest runs an SEO agency that helps his clients’ sites show up in those chat responses. I invited Chirag Kulkarni founder of Taco to talk about how he’s doing it and how he built his agency. Chirag Kulkarni is the founder and CEO of Taco, an AI-powered SEO firm helping brands dominate emerging search platforms. Chirag and his team are building Taco into the go-to partner for companies navigating the shift from Google to generative search. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2025-05-12 17:00:54 +0000
• #2274 1440: $20+mil / year newsletter
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  After closing a company that failed, Tim Huelskamp decided to keep it simple. He launched an email newsletter that briefed smart people about the day’s top news. Today his company, 1440, has over 4 million subscribers and generates over $20 million in annual revenue Tim Huelskamp is the co-founder of 1440, the fact-focused daily newsletter. Tim and his team are building 1440 into a trusted source for intellectually curious readers who want an inch-deep, mile-wide view of the world. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2025-04-29 17:00:33 +0000
• #2273 What happened to our partnership?
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  Before I partnered with Jesse Pujji, we were buddy-buddy. Texting all the time. When we got started, we got excited about the world of possibilities for our company. Now? Something is missing. I asked him about it. And about where he put his money, why he’s not launching more companies now, what he’s building with AI, and more. Jesse Pujji is the founder of Gateway X, the venture studio. Jesse & Andrew are building Bootstrapped Giants, a resource for ambitious, unfunded founders. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2025-03-05 18:00:07 +0000
• #2272 Aux: >$10mil advising private equity
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  When Kasey Grelle heard that private equity companies paid marketing agencies to evaluate companies they wanted to buy, she spotted a business opportunity. That realization became Aux Insights, the firm that’s become “the office of the CMO” for private equity companies. Listen to how they got clients & built their business. Kasey is a former reporter who founded Aux Insights, a global advisory firm that acts as the office of the CMO for private equity firms, specializing in digital growth strategy and marketing diligence. When she’s not scaling businesses, she’s up before dawn at 4 AM, savoring the quiet magic of early morning work before the chaos of her three-kid household kicks in. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2025-02-21 18:00:56 +0000
• #2271 Tucker Max left & his business crashed
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  Tucker Max thought his business was worth $64 million. Then it nearly died. This is the story of how Scribe, the ghostwriting and publishing company rose, crashed, and rose again. Tucker Max first became famous for his best-selling “fratire” books. He shifted to entrepreneurship when he launched Scribe, a book ghostwriting and publishing company. Today he spends time on his ranch where he grows his own food, and runs Tell Your Story Memoir Academy, which helps authors document their truth. Sponsored bybeehiiv – The best email newsletter publishing platform because they’ll grow your audience faster than any other service. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2024-11-29 18:00:16 +0000
• #2270 Zillow laid him off, so he started his own company
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  Zillow laid him off. So John Doherty launched Credo a digital agency matchmaking firm. Exactly 7 years later — to the day — he sold the company. This is the story of how he built and sold Credo, and how he’s building his latest company, EditorNinja, which offers outsourced text editing. John Doherty is the founder of Credo, which matches digital agencies with clients. After an exit in 2022, he built his professional editing/SEO service EditorNinja. When he’s not doing that, he disconnects from everything tech and goes skiing. Sponsored byGusto – The HR platform so well designed that your team will thank you for using them. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2024-11-22 18:00:58 +0000
• #2269 How the “My First Million” Guy Made his Money
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  Shaan Puri was exceptional at doing the Silicon Valley thing. Still, he says his newsletter was the fastest way he’s ever made money. Within a year of its creation, The Milk Road grew to 250k readers and a reported 8-figure exit. Shaan Puri is perhaps most famous for co-hosting the My First Million podcast with Sam Parr, which has garnered over 200 million YouTube views since it started in 2019. Some of his additional projects include Bebo (sold to Twitch in 2019), Blab (live-streaming service with ~4 million users), a venture fund, and his newsletter The Milk Road (250K readers in <1 year). Sponsored bybeehiiv – the email platform that Shaan used to build The Milk Road. It’s fantastic. Try it free using our link. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2024-11-15 18:00:49 +0000
• #2268 How is beehiiv making $15 mil per year?
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  They feel like the millionth company to offer email newsletter publishing. How are they growing so fast despite the competition? Tyler Denk is a big reason. A former Morning Brew employee, he took their growth techniques and turned them into a software company: beehiiv. Tyler Denk was the second-ever employee at Morning Brew. After growing it to the reported biggest exit of any newsletter business, he started building beehiiv. Now, they’re doing $15 million in ARR as a growing underdog. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2024-11-01 17:00:10 +0000
• #2267 This listener got a Mixergy guest to invest in her startup
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  Vlada Lotkina noticed something wrong at her daughter’s school. So she built the solution and sold it for 8-figures. It’s called ClassTag, and it’s a platform where teachers, parents and school administrators can communicate and send out announcements. No flyers, no ridiculously long emails… My favorite part is that she’s a Mixergy listener herself. She literally called a previous guest of mine and got him to invest before her business took off. Vlada Lotkina is the co-founder and CEO of ClassTag, an edtech platform that simplifies communication between teachers and parents. She grew up in Ukraine and watched as her father pursued entrepreneurship during the fall of the soviet union. As a mother in the U.S., her own frustrations with poor school-parent communication inspired her. She eventually exited ClassTag for 8-figures. Sponsored byGusto – The easy payroll and benefits software the Mixergy interviewees love. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2024-09-20 17:00:30 +0000
• #2266 The $21M ARR Business That Sells Your Email Address
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  Adam Robinson struggled to compete with MailChimp. So he built software that’s too dangerous for them to build. Businesses that use Retention.com can instantly grab email addresses from anonymous website visitors — even if they never fill out a form. To promote his software he made himself into one of the few interesting follows on LinkedIn by picking fights, bringing drama and adding production values. Adam Robinson is the founder and CEO of Retention.com, which identifies email addresses from anonymous website visitors. He previously worked in finance but launched the email marketing company Robly after the 2008 financial crisis jeopardized his career. Following an 8-figure exit, he bootstrapped retention.com to over $21M in ARR. Sponsored byGusto – The easy payroll and benefits software the Mixergy interviewees love. More interviews -> https://mixergy.com/moreint Rate this interview -> https://mixergy.com/rateint

  2024-09-13 17:00:34 +0000