Category: NEWS

  • Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill

    Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill

    Michigan clears 4 crypto bills as Congress revives blockchain regulatory act

    • Michigan’s HB 4510 allows pension funds to invest in crypto ETFs.
    • HB 4512 enables Bitcoin mining at abandoned oil or gas wells.
    • HB 4513 offers income tax breaks to miners in remediation schemes.

    State and federal lawmakers are charting a new course for cryptocurrency in the United States.

    In Michigan, a legislative package of four crypto-focused bills is moving forward, combining pension fund exposure, environmental cleanups, and digital asset rights.

    At the same time, lawmakers in Washington have reintroduced a bill to clarify the regulatory obligations of blockchain developers and non-custodial providers.

    These coordinated efforts aim to balance innovation with accountability, as regulators seek to provide legal clarity without stifling decentralised finance.

    The push reflects a growing political will to define crypto’s role within the broader financial and technological landscape.

    Michigan bill allows crypto in pension funds

    One of the most significant pieces of Michigan’s legislation is House Bill 4510, which would permit state-managed retirement systems to invest in cryptocurrencies through regulated financial products, such as exchange-traded funds (ETFs).

    These investment vehicles must meet market capitalisation thresholds and be overseen by relevant financial authorities, offering a relatively conservative pathway for exposure to assets like Bitcoin.

    The proposal comes amid rising institutional interest in crypto and growing demand for diversified, inflation-resistant portfolios.

    If passed, the bill would position Michigan among a small group of US states, enabling public pension managers to hold crypto-linked assets under regulatory safeguards.

    Mining linked to abandoned wells and tax breaks

    In a bid to align crypto with environmental responsibility, Michigan’s HB 4512 and HB 4513 introduce an energy reuse programme targeting abandoned oil and gas wells.

    Under the plan, Bitcoin miners would be allowed to power operations using these dormant energy sites, provided they remediate environmental damage.

    Ownership transfers, well site assessments, and environmental progress tracking would be mandated under the bill, ensuring accountability.

    In return, miners participating in the scheme would qualify for income tax deductions under HB 4513.

    The measures are designed to attract miners with incentives while tackling legacy pollution problems.

    The bills reference Bitcoin explicitly and focus on “orphan well programmes” as a potential win-win for the energy and crypto sectors.

    State protection against CBDCs and digital discrimination

    Another critical element of Michigan’s proposal is House Bill 4511.

    This bill would prohibit state and local authorities from creating restrictions, licensing rules, or special taxes targeting digital assets solely based on their digital form.

    It also bans any state agency from endorsing or promoting a central bank digital currency (CBDC), drawing a clear line between decentralised cryptocurrencies and government-backed digital money.

    The legislation signals a strong defence of crypto users’ rights within Michigan, providing legal backing for miners, node operators, and token holders against targeted regulatory pressure.

    If adopted, it could set a precedent for other states seeking to protect decentralised finance ecosystems.

    Federal legislation aims to clarify developer rules

    While Michigan pursues state-level crypto integration, Washington is moving ahead with national reform.

    US Representatives Tom Emmer and Ritchie Torres recently reintroduced the Blockchain Regulatory Certainty Act, which seeks to establish clear boundaries on who qualifies as a “money transmitter” under federal law.

    The Act would exempt developers and non-custodial service providers, such as those who build blockchain protocols or run interfaces that never hold user funds, from financial licensing requirements.

    Only those who directly control consumer assets would be subject to oversight.

    The lawmakers argue this clarification is needed to keep blockchain talent and startups within the US, rather than pushing them offshore.

    “Today, @RepRitchie and I introduced the Blockchain Regulatory Certainty Act to protect blockchain developers and service providers that never custody consumer funds from unjust government prosecution,” Emmer posted on X on 3 May.

    The bill aims to address regulatory uncertainty that critics say has slowed domestic blockchain innovation and led to uneven enforcement.

    By drawing a regulatory line between developers and custodians, the bill hopes to ease legal pressures on creators and infrastructure providers.

     

     

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  • Bitcoin price surpasses $111K for first time; institutional demand strong

    Bitcoin surged to an unprecedented high on Thursday, breaching the $111,000 mark for the first time as a confluence of factors, including growing institutional demand and positive regulatory signals from the US, fueled a wave of bullish sentiment across the cryptocurrency market.

    The world’s original cryptocurrency climbed as much as 3.3% on Thursday to achieve a new record of $111,878, according to data compiled by Bloomberg.

    This landmark achievement was not isolated, as smaller tokens also caught the updraft; second-ranked Ether, for instance, was up approximately 5.5% at one point during the rally.

    A significant undercurrent of optimism is currently buoying Bitcoin.

    This has been notably stoked by the recent advancement of a key stablecoin bill in the US Senate, a development that has kindled hopes for greater regulatory clarity for digital-asset firms under President Donald Trump, who has expressed a generally pro-crypto stance.

    Alongside these regulatory tailwinds, surging demand from prominent institutional players is acting as a powerful driving force.

    Michael Saylor’s MicroStrategy, which has famously stockpiled over $50 billion worth of Bitcoin, leads a growing cohort of entities actively accumulating the token.

    “It has been a slow motion grind into new all-time highs,” observed Joshua Lim, global co-head of markets at FalconX Ltd.

    There’s no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices.

    This demand is being met by a diverse group of buyers, including a flurry of lesser-known small-cap companies and newly established public firms led by crypto industry heavyweights, who are financing their Bitcoin acquisitions through various means, from convertible bonds to preferred stocks.

    Illustrating this trend, an affiliate of Cantor Fitzgerald LP is reportedly collaborating with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company designed to emulate MicroStrategy’s Bitcoin-centric business model.

    Separately, a subsidiary of Strive Enterprises Inc., co-founded by Vivek Ramaswamy, is in the process of merging with Nasdaq-listed Asset Entities Inc. to form a dedicated Bitcoin treasury company.

    Beyond momentum: quantifiable demand fuels rally

    Market experts emphasize that the current rally is not solely based on speculative momentum.

    “Unlike previous cycles, this rally is not momentum-driven alone,” stated Julia Zhou, COO of crypto market maker Caladan.

    It is quantitatively underpinned by measurable, persistent demand and supply dislocations.

    This suggests a more fundamentally sound basis for the ongoing price appreciation.

    Interestingly, Bitcoin’s outperformance relative to smaller cryptocurrencies, often referred to as altcoins, is widening.

    An index tracking these alternative tokens is down approximately 40% year-to-date, while Bitcoin itself has registered a 17% gain so far in 2025, highlighting a flight to perceived quality within the digital asset space.

    Activity in the options markets further underscores the bullish sentiment.

    Earlier this week, traders built significant Bitcoin positions, with call options at strike prices of $110,000, $120,000, and even an ambitious $300,000, all expiring on June 27, logging the highest open interest (number of outstanding contracts) on the derivatives exchange Deribit.

    This activity points to strong expectations of further upside.

    Tony Sycamore, a market analyst at IG, remarked in a note that the fresh record high demonstrates that Bitcoin’s sharp decline from a previous peak set on January 20 (to below $75,000 in April) was merely “a correction within a bull market.”

    He added, “A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000.”

    Political intersections and market perceptions

    Bitcoin’s latest milestone coincides with President Trump preparing to meet with major holders of his memecoin at a dinner event at his golf club near Washington on Thursday.

    This event has drawn scrutiny from ethics experts, who argue it offers privileged access through transactions that directly benefit the president, thereby sparking criticism over potential conflicts of interest.

    While such events contribute to crypto’s growing mainstream presence, their direct market impact is debated.

    Yuan Rong Tan, a trader at QCP Capital, commented that such events “highlight crypto’s increasing cultural visibility, though they have not had a measurable impact on market dynamics at this stage.”

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  • Bitcoin hits new all-time high,100% of BTC holders in profit

    Bitcoin hits new all-time high,100% of BTC holders in profit

    Bitcoin surges to all time high

    • Bitcoin hit a new all-time high above$109,000 on May 21, 2025.
    • The milestone saw 100% of BTC holders fall into profit.
    • Bitcoin also surpassed Amazon in terms of market cap

    Bitcoin price has just surged to a new all-time high above $109k.

    On May 21, 2025, the price of Bitcoin spiked more than 4%, storming past its previous ATH as optimism swept bears aside.

    Over $50 million worth of BTC shorts were liquidated in just an hour.

    100% of Bitcoin holders are in profit

    This latest Bitcoin price surge sent every other holder of the coin into a profitable position.

    According to data from Sentora, formerly IntoTheBlock, 100% of Bitcoin addresses were in the money amid the massive milestone.

    With Bitcoin (BTC) price retesting the $109k level, holders underwater declined to zero. Also at 0% were addresses with the money, meaning wallets whose average buy price was at or near the previous ATH.

    Sentora had earlier shared via X on May 21, 2025, that BTC holders were 99% in profit as the price crossed the $107k level.

    A lot of those celebrating the new ATH are hodlers who have held BTC for more than a year. The percentage count according to Sentora data is 75%. More than 21% have held Bitcoin for 1-12 months.

    Notably, when Bitcoin price fell to under $80k in April, new holder wallets were among those to aggressively offload.

    Analyst says BTC could hit $600k in 2025

    On May 21, as Bitcoin price surged towards its all-time high above $109k, Fred Krueger shared his staggering Bitcoin price prediction for 2025.

    According to the BTC bull, the top crypto could see its price hit $600k by October 2025. While this may be an overly bullish take, his forecast is that a run to $150k by the summer will provide the impetus for a new parabolic leg up.

    Bitcoin surpasses Amazon by market cap

    In the past 24 hours, the benchmark crypto has also notched another milestone – its market cap has surpassed that of Amazon.

    According to details on CompaniesMarketCap, Bitcoin’s spike above $109k sees it overtake Amazon, the leading e-commerce company listed in the U.S.

    While Amazon currently sits at a $2.157 trillion market cap, Bitcoin has increased to over 2.166 trillion.

     



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  • Bitcoin ownership surpasses gold in the US as 50M Americans hold BTC

    Bitcoin ownership surpasses gold in the US as 50M Americans hold BTC

    Bitcoin ownership in the US

    • 50 million Americans now own Bitcoin, surpassing 37 million gold holders.
    • US firms hold 94.8% of publicly traded companies’ Bitcoin reserves.
    • US leads globally with 40% of all Bitcoin companies headquartered domestically.

    Bitcoin has officially outpaced gold in US ownership, marking a significant pivot in the country’s investment landscape.

    According to a new report released on 20 May by Bitcoin investment firm River, roughly 50 million Americans now own Bitcoin, compared to 37 million who own gold.

    This data underscores the rise of Bitcoin as a preferred store of value, reshaping traditional notions of economic security and reserve asset status.

    As Bitcoin ownership expands, it’s increasingly seen not just as a speculative instrument, but as a fundamental part of US financial infrastructure.

    US leads in global Bitcoin adoption and infrastructure

    The River report notes that the United States is the global leader in Bitcoin adoption, with 40 percent of all Bitcoin-related companies headquartered in the country.

    American firms also hold 94.8 percent of all Bitcoin owned by publicly traded companies worldwide, reflecting significant institutional backing.

    This dominance is supported by a robust ecosystem comprising crypto-focused startups, spot ETF launches, and policies promoting digital asset development.

    Regulatory momentum in Washington has further strengthened Bitcoin’s foundation in the financial system. Recent discussions around treating Bitcoin as a potential strategic reserve asset suggest growing political acceptance.

    Several politicians have floated the idea of the US government maintaining a Bitcoin reserve, signalling institutional confidence amid rising concerns over the US dollar’s long-term stability.

    Strategic demand rises amid economic uncertainty

    The shift toward Bitcoin is occurring alongside broader macroeconomic concerns. Moody’s recent downgrade of the US credit rating—ending over a century of top-tier ratings—has reinforced the appeal of decentralised alternatives.

    Investors increasingly view Bitcoin as a hedge against fiscal instability and inflation, particularly given its fixed supply and decentralised governance model.

    Bitcoin also offers practical advantages over gold in the digital age. The ease of storage, cross-border transfer, and liquidity make it an attractive option for both individual and institutional investors.

    This is particularly relevant in an era where digital finance is becoming the norm and where traditional safe-haven assets like gold face logistical and accessibility limitations.

    Rising ownership brings attention to volatility risks

    While Bitcoin is gaining legitimacy as a reserve asset, it remains a volatile asset class. Unlike gold, which has maintained relatively steady valuations over time, Bitcoin has experienced frequent price swings—something that may deter more risk-averse investors.

    Nonetheless, the market appears to be increasingly tolerant of this volatility, especially as long-term returns continue to outperform traditional assets.

    Institutional support also plays a key role in this shift. Major asset managers such as BlackRock are incorporating Bitcoin into their portfolios, further validating its status.

    Meanwhile, crypto ETFs and custodial services are helping to bridge the gap between traditional finance and the digital asset space, making it easier for Americans to gain exposure to Bitcoin without navigating complex self-custody solutions.

    As Bitcoin ownership grows, it reflects not just a shift in preference, but a broader transformation in how Americans perceive financial security and resilience.

    The trend is still developing, but the numbers now place Bitcoin squarely ahead of gold—at least in terms of how many Americans are betting on it.

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  • CRO price outlook amid Crypto.com’s new regulatory milestone

    CRO price outlook amid Crypto.com’s new regulatory milestone

    • Cronos (CRO) token eyes rally as Crypto.com hits another regulatory milestone.
    • The Crypto.com team announced it received a MiFID license.
    • Optimism across crypto, as well as this milestone, could spark a bullish rally for the Cronos price.

    Cronos (CRO) is eyeing a potential rally as Crypto.com, the company behind the token and Crypto.com exchange, secures another significant regulatory milestone.

    With the Markets in Financial Instruments Directive (MiFID) licence secured, CRO looks poised to ride positive sentiment for a breakout.

    While it’s not just Crypto.com’s regulatory traction that’s in focus, the expansion amid broader adoption could be massive for the Cronos token.

    Crypto.com secures MiFID licence

    Crypto.com announced on May 21, 2025, that it had secured a MiFID licence.

    The milestone comes after the company received approval from the Cyprus Securities and Exchange Commission (CySEC) to complete the acquisition of A.N. Allnew Investments Ltd.

    Allnew, already licensed by CySEC, allows Crypto.com to provide investment and ancillary services related to a wide range of financial instruments, including securities, derivatives, and contracts for difference.

    This licence enables Crypto.com to offer eligible users across the European Economic Area (EEA) a broader suite of financial products, marking a significant step in its expansion strategy.

    Crypto.com’s previous achievement in the regulatory market was in January 2025, when it received its Markets in Crypto-Assets (MiCA) licence.

    This enabled the platform to provide passport services across the EEA.

    The MiFID licence further solidifies Crypto.com’s position as a regulated financial services provider in the region.

    Kris Marszalek, co-founder and chief executive officer of Crypto.com, commented on this development.

    “Securing a MiFID licence alongside our MiCA licence further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA,” Marszalek said.

    “We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings.”

    CRO price outlook

    The MiFID licence adds to Crypto.com’s growing portfolio of global licences and registrations.

    Recent notable steps include acquisitions such as Fintek Securities Pty Ltd., Charterprime Ltd, Orion Principals Limited, and SEC-registered broker-dealer Watchdog Capital, LLC.

    Additionally, Crypto.com revealed its partnership with Canary Funds to establish the Canary CRO Trust, the first Private Investment Vehicle for CRO.

    The product is aimed at investors across the United States, which is a move that aligns with the company’s 2025 Roadmap.

    The developments, coupled with broader market sentiment, look likely to be a major catalyst for the Cronos token (CRO).

    In the past three months, CRO price reached highs of $0.1, while it hit $0.22 in December 2024.

    Currently, the token is showing bullish potential with the ascending triangle pattern.

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  • Bitcoin Pizza Day showcases the utility of crypto

    Bitcoin Pizza Day showcases the utility of crypto

    AI generated image for Bitcoin Pizza day

    • As May 22 approaches, the crypto community is gearing up to celebrate the 15th anniversary of this legendary transaction—the first time someone verifiably used BTC to buy something in the real world.
    • It sounds almost like a joke now—10,000 BTC for two Papa John’s pizzas.
    • It proved that this weird internet money could do something tangible.

    Think about the wildest online purchase story you’ve ever heard. Does it involve spending what’s now hundreds of millions of dollars on a couple of pizzas?

    Probably not, unless you’re familiar with Bitcoin Pizza Day.

    As May 22 approaches, the crypto community is gearing up to celebrate the 15th anniversary of this legendary transaction—the first time someone verifiably used BTC to buy something in the real world.

    It sounds almost like a joke now—10,000 BTC for two Papa John’s pizzas.

    But back in 2010, it was a groundbreaking moment. It proved that this weird internet money could actually do something tangible.

    Fifteen years later, Bitcoin Pizza Day isn’t just a quirky footnote; it’s a yearly reminder of how far cryptocurrencies have come, evolving from a niche experiment into tools with real-world utility for people all over the globe.

    “From two pizzas to a global financial movement, crypto’s journey has been nothing short of extraordinary—and our community has been the driving force behind it,” said Rachel Conlan, Chief Marketing Officer at Binance.

    “This year, we’re marking Bitcoin Pizza Day with the biggest BTC referral giveaway in history—$5 million worth—alongside over 28 local meetups and social activations. It’s our way of honoring how far we’ve come while inviting millions more into the crypto world.”

    Bitcoin Pizza Day stories demonstrating real-world crypto utility

    To mark the occasion, the crypto exchange Binance recently asked its users to share how crypto has actually been useful in their own lives.

    Forget the memes for a second; these stories paint a picture of cryptocurrencies solving everyday problems and creating meaningful moments, showing the practical side that Bitcoin Pizza Day first hinted at.

    Take Andy from Vietnam, for example. He ran into a common travel snag in Malaysia: needing to pay a rental deposit without a local bank account.

    His plan B was crypto. “I turned to crypto and planned to use Binance to make the payment,” he shared.

    As it turned out, the host ended up waiving the fee because Andy promised to take good care of the place.

    “While the payment was never completed,” Andy reflected, “it was still a perfect example of how versatile crypto can be in real-life situations!”

    Codi, based in Dubai, shared a story about using digital assets for better value while traveling. “In 2023, I paid for a delicious Turkish kebab with USDT while visiting Turkey,” she said.

    “It was incredibly convenient, and the exchange rate was much better than what my Dubai bank offered.”

    For Codi, using cryptocurrency wasn’t just novel; it made the trip easier and more economical.

    “Having crypto as a payment option made the whole trip feel smoother and more flexible—true worry-free travel.”

    It’s not always about convenience or necessity, though; sometimes it’s about sentiment.

    Mina from Algeria used her first crypto salary, earned when BNB was around $200, for a special purchase.

    Thinking back, she said, “The first thing I ever bought with crypto wasn’t pizza—it was my mom’s favorite perfume. There’s something special about using crypto for something you love; it felt exciting, satisfying, and like I was part of something bigger.” She used Binance for the fast, seamless payment, adding, “My only regret? Not starting sooner!”

    And then there’s Jimmy from Canada, whose story highlights how early adoption, even accidental, could turn out. Back in late 2012, when Bitcoin was just $13, he needed some BTC not for investment, but necessity.

    “I just needed it to buy a textbook on compilers from an online seller who insisted on Bitcoin payment,” he explained. “I bought five whole Bitcoins on Coinbase, used a few to pay for the book, and forgot about the rest.”

    It wasn’t until years later, after joining Binance, that he remembered the old account. “It sat untouched for years, and I became an accidental HODLer.”

    These stories, from travel fixes to heartfelt gifts and forgotten digital wallets, show crypto’s utility extending far beyond just trading charts.

    Why Bitcoin Pizza Day matters for the crypto industry

    So, why all the fuss about two pizzas bought 15 years ago? Because that single transaction, initiated by programmer Laszlo Hanyecz on the BitcoinTalk forum, was the moment Bitcoin stepped out of the purely digital realm.

    On May 22, 2010, after offering 10,000 BTC for pizza delivery, a fellow enthusiast named Jeremy Sturdivant took him up on it, ordering the pizzas and receiving the Bitcoin.

    At the time, those 10,000 BTC were worth maybe $41. Today? Over $970 million!

    But the astronomical Bitcoin price difference isn’t the main point. The real significance is that it demonstrated utility. Suddenly, Bitcoin wasn’t just lines of code anymore.

    That pizza deal proved it could operate as the peer-to-peer (P2P) electronic cash system Satoshi Nakamoto had described in the original whitepaper.

    It served as the first real test case for using crypto to buy actual things, and it definitely got people talking about whether it could catch on and how easy it was to use.

    The story also offers a fascinating snapshot of crypto’s early days. Hanyecz, an early miner, reportedly earned his coins when mining rewards were 50 BTC per block.

    This means those 10,000 BTC represented validating just 200 blocks, a feat achievable on a regular computer back then.

    Contrast that with today’s massive, ASIC-powered mining operations. Sturdivant, the recipient, didn’t “HODL” his way to riches; he reportedly used the BTC for travel and games, reflecting the experimental, currency-like view of Bitcoin at the time.

    Bitcoin Pizza Day, which only really gained traction around 2014 as Bitcoin’s price and public awareness grew, serves as an annual benchmark. It reminds the community of crypto’s humble origins and its incredible journey.

    It’s a celebration of innovation, a nod to the early believers, and a prompt to keep working on making crypto more accessible and user-friendly—to fulfill the potential that first slice represented.

    Hanyecz himself, who later bought pizza again using the Lightning Network in 2018, doesn’t seem to regret it, proud of his role in Bitcoin history.

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  • Bitcoin Pepe seals partnerships before May 31 launch as Aave price rallies

    Bitcoin Pepe seals partnerships before May 31 launch as Aave price rallies

    AAVE surges on optimism, Bitcoin Pepe bags key partnerships ahead of May 31 listing

    • AAVE has broken past $260 amid a 90% monthly gain and surging DeFi TVL.
    • Bitcoin Pepe has secured key deals ahead of its May 31 CEX listing.
    • Bitcoin Pepe (BPEP) is currently in its last token presale stage and it has seen a 71% price surge.

    AAVE has extended its bullish streak, gaining over 21% in the past 24 hours, while Bitcoin Pepe is drawing attention with strategic moves ahead of its much-anticipated May 31 listing.

    Both assets are riding separate but equally compelling narratives, one driven by surging TVL and renewed DeFi momentum and the other driven by meme coin culture and ecosystem expansion.

    With crypto investors eager to rotate capital into tokens showing strong community support and developer activity, both AAVE and Bitcoin Pepe are enjoying breakout moments in a market hungry for upside catalysts.

    AAVE powers past $260 as DeFi optimism intensifies

    At press time, AAVE was trading at $265.60, its highest level in over a year, propelled by a 90% rally in the past 30 days and a staggering 207.6% gain over the last year.

    Momentum is firmly on the side of bulls as AAVE’s 24-hour trading volume nears $884 million, signalling strong demand and sustained price discovery above previous resistance levels.

    In addition, the protocol’s total value locked (TVL) has soared to over $40.49 billion, underscoring growing confidence in Aave’s lending infrastructure and its relevance in the broader DeFi ecosystem.

    This spike in TVL not only reflects increased user deposits but also signals growing institutional trust in permissionless, decentralised borrowing and lending platforms.

    Technically, AAVE has broken through a stubborn resistance at around $250–$262, invalidating prior local tops and opening the door to a possible retest of the $300 psychological level.

    On-balance volume has also turned sharply upward, suggesting that buyers are absorbing sell pressure and accumulating in anticipation of further upside.

    Additionally, the 24-hour price range of $218.49 to $269.13 shows heightened volatility but confirms that higher lows continue to form, a classic hallmark of bullish structure.

    With a market cap now exceeding $4 billion and circulating supply nearing 15.1 million tokens, AAVE appears to be gaining both retail and institutional traction.

    Many traders are now watching for potential retracements to the $210–$220 zone, which could act as new support should a short-term correction occur.

    Given its strong fundamentals, technical breakout, and rapidly climbing TVL, AAVE is now positioned as a flagship asset for DeFi resurgence narratives this quarter.

    Bitcoin Pepe locks in strategic partnerships as May 31 listing approaches

    While AAVE makes headlines for price action, Bitcoin Pepe (BPEP) is fueling its own rally through ecosystem expansion and strategic brand positioning ahead of its centralised exchange debut.

    Built on a new token standard dubbed the PEP-20 token standard, Bitcoin Pepe is marketing itself as the “Solana of Bitcoin,” promising a Layer-2 experience native to the world’s most secure blockchain.

    Ahead of its May 31 listing as its token presale comes to an end, Bitcoin Pepe has announced a string of high-profile partnerships with the likes of Catamoto, Super Meme, Plena Finance, GETE Network, Crypto Hunters and BETV, aimed at accelerating adoption and enhancing token utility.

    With strong emphasis on staking incentives and interoperability, the project is creating buzz among early adopters and meme coin enthusiasts looking for more than just hype.

    Currently in the last presale stage, Bitcoin Pepe’s token, BPEP, has seen a 71% price surge, with projections of an explosion post-listing buoyed by its innovative approach to memecoins.

    Bitcoin Pepe’s roadmap signals a robust ecosystem growth, including plans for bridge infrastructure, PEP-20 DEX listings, and NFT integrations that tap into Bitcoin’s Ordinals movement.

    Developers are also rolling out native tools to simplify onboarding, enabling software engineers and crypto-native users to interact with PEP-20 tokens through wallet extensions and SDKs.

    This strategic positioning has helped Bitcoin Pepe carve out a niche in the crowded meme coin market by offering substance alongside viral branding.

    With just days to go before its major listing, the token’s growing community and tech-forward narrative are converging into a potential breakout moment.

    Given the current appetite for meme projects with real use cases, Bitcoin Pepe is increasingly being seen as more than just another speculative token.

    If momentum sustains through listing day, BPEP could emerge as one of the few meme coins to successfully transition into infrastructure relevance on Bitcoin.

    In a market now rewarding both utility and storytelling, Bitcoin Pepe’s rise comes at a time when narrative-driven investing is back in full force.

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  • Strategy hit with lawsuit as Bitcoin holding tops $59B

    Strategy hit with lawsuit as Bitcoin holding tops $59B

    Strategy hit with lawsuit

    • The company’s total Bitcoin holdings now stand at 576,230 BTC.
    • Average cost basis updated to $69,726 per Bitcoin.
    • The lawsuit was filed by Pomerantz LLP in Virginia over alleged investor deception.

    MicroStrategy, now rebranded as Strategy, is once again making waves across financial markets.

    The company, known for holding the largest corporate stash of Bitcoin, is facing a class action lawsuit alleging misleading accounting practices.

    Despite this, it has continued buying more Bitcoin, bringing its total to 576,230 BTC, worth approximately $59 billion.

    $764.9M BTC purchase follows lawsuit filing

    On 19 May 2025, Strategy disclosed it had acquired an additional 7,390 BTC for $764.9 million.

    The average price paid was $103,498 per coin.

    The acquisition was financed via an at-the-market (ATM) equity offering and the issuance of Series A STRK preferred stock.

    This brings its total holdings to 576,230 BTC at a new average cost of $69,726.

    The announcement came just after the firm was hit with a lawsuit filed in the Eastern District of Virginia.

    The legal action, initiated by Pomerantz LLP, names both the company and top executives, accusing them of failing to alert investors about the risks posed by updated Bitcoin accounting rules under ASU 2023-08.

    The new standard requires firms to reflect the fair market value of Bitcoin on their balance sheets.

    According to the lawsuit, Strategy downplayed the impact this would have on its financial statements, allegedly resulting in a $5.91 billion fair-value loss that wasn’t adequately communicated to shareholders.

    Use of non-GAAP metrics under scrutiny

    The complaint also highlights Strategy’s use of proprietary, non-GAAP metrics such as “BTC Yield” and “BTC $ Gain”.

    The plaintiffs argue these terms were not standard financial indicators and may have presented an inflated view of the company’s profitability.

    This approach appeared to unravel on 7 April, when the $5.9 billion impairment loss became public.

    MSTR shares fell 8.67 percent that day. By 1 May, earnings reports confirmed the blow to the company’s books, and investors responded negatively.

    While the firm’s defenders point to long-term Bitcoin appreciation and innovation in digital asset strategy, the lawsuit raises questions about regulatory compliance and transparency.

    Accounting experts have noted that non-GAAP metrics must be used carefully, especially when they contradict or obscure established accounting principles.

    No strategic shift despite legal risks

    Despite the financial hit and legal threats, Strategy has shown no sign of changing course.

    Its May filing suggests the firm remains committed to accumulating more Bitcoin, with its latest purchase representing one of the largest single-month acquisitions this year.

    Michael Saylor, the company’s chairman, has consistently positioned Bitcoin as “digital gold” and a long-term asset class.

    His earlier comment — “My formula for success is rise early, work late, and buy Bitcoin” — continues to define the company’s public stance.

    However, the legal case could reshape how other corporations approach digital asset reporting.

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  • Best crypto to buy as Bitcoin (BTC) surpasses Google in global asset rankings

    Best crypto to buy as Bitcoin (BTC) surpasses Google in global asset rankings

    Best crypto to buy as Bitcoin (BTC) surpasses Goggle (GOOGL) in global asset rankings

    • Bitcoin recently surpassed Google in global market cap rankings.
    • Bitcoin Pepe is quickly approaching $10 million in its ongoing BPEP token presale ahead of exchange listing.
    • Bitcoin Pepe promises to bring meme coins to the Bitcoin network.

    Cryptocurrencies led by Bitcoin (BTC) are making waves as they disrupt the global asset rankings.

    Bitcoin (BTC) recently surged past $106,000, overtaking Alphabet (NASDAQ: GOOGL) to become the sixth-largest asset globally by market capitalisation.

    In another sign of crypto’s growing financial footprint, Tether—the largest stablecoin issuer—now holds more in US Treasury securities and gold reserves than Germany.

    According to data from the US Department of the Treasury, Tether’s holdings have exceeded Germany’s $111 billion in US Treasuries.

    These developments underscore the rapid momentum behind digital assets, as they increasingly rival and, in some cases, surpass traditional financial institutions in scale and influence.

    As capital increasingly flows into digital assets, investors are seeking the next high-potential projects that could ride this bullish wave.

    Among them, Bitcoin Pepe is quickly emerging among the best crypto to buy, especially for those looking to enter the market during this market resurgence.

    Bitcoin’s surge above Google in market cap

    On May 19, 2025, Bitcoin overtook Google’s parent company, Alphabet Inc. (GOOGL), in global asset rankings by market capitalisation.

    This came as Bitcoin’s price topped $106,000, lifting its market value past the $1.67 trillion mark.

    This development underscores a broader trend: institutional and sovereign-level confidence in Bitcoin is growing.

    Governments, hedge funds, and publicly traded companies are all adding BTC to their treasuries, with the most recent being Metaplanet, which added 1,004 bitcoins to its holdings.

    While traditional tech stocks have been a staple in investment portfolios for decades, Bitcoin’s narrative as “digital gold” and a decentralised store of value is winning hearts and capital across global markets.

    Its fixed supply, combined with growing demand, continues to push its valuation higher even amid periodic market corrections.

    Moreover, Bitcoin’s performance relative to top-tier equities is shifting perceptions. In previous market cycles, critics dismissed BTC as speculative or too volatile.

    That said, the rapid ascent of Bitcoin is also catalyzing interest in adjacent crypto projects, particularly those aiming to build on Bitcoin’s foundational strength.

    Bitcoin Pepe is emerging as a top buy as BTC surges

    As Bitcoin continues to dominate headlines, Bitcoin Pepe is quickly positioning itself as one of the most promising investment opportunities in the crypto market today.

    Built as the world’s first meme-based Layer-2 for Bitcoin, Bitcoin Pepe is more than just a viral token, it represents an ambitious plan to bring Solana-style speed and scalability to the Bitcoin network.

    Bitcoin Pepe’s native token, BPEP, is currently in the final stages of its presale.

    Having already raised over $9.8 million in the presale, Bitcoin Pepe has drawn significant interest from early backers who see both the narrative and technological edge it brings to the table.

    The current BPEP presale price is $0.0342. Notably, the token has seen a 62.9% price rise since the presale started a few weeks ago, with a 5% increase in each presale stage.

    Bitcoin Pepe’s roadmap is equally ambitious. Once the presale comes to an end, the price of BPEP is expected to rise substantially, especially after it hits centralised exchanges shortly after the presale ends.

    Beyond the presale hype, Bitcoin Pepe has introduced a new token standard by the name of PEP-20 token standard, which allows users to launch their own memecoins on Bitcoin’s blockchain.

    By introducing ultra-fast transactions and negligible fees, Bitcoin Pepe aims to empower a new generation of creators and investors to build directly on the most secure blockchain in existence.

    Despite the broader market experiencing a minor pullback today, the sentiment around Bitcoin Pepe remains overwhelmingly bullish, fueled not only by retail investors but also by crypto influencers and key opinion leaders (KOLs) who recognize the project’s unique positioning at the intersection of memes, Bitcoin, and scalable infrastructure.

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  • Bitcoin blasts past $106K: is Trump’s remittance tax bill crypto’s new rocket fuel?

    Bitcoin blasts past $106K: is Trump’s remittance tax bill crypto’s new rocket fuel?

    Bitcoin blasts past $106K: is Trump's remittance tax bill crypto's new rocket fuel?

    • Bitcoin price surged to $106,000 on Sunday, May 18, achieving its highest weekly close ever.
    • The rally saw Bitcoin’s market cap reach $2.11 trillion, liquidating over $44M in short positions.
    • Trump’s proposed 5% remittance tax on non-US citizens is seen as a key driver, likely pushing users to crypto.

    Bitcoin surged to a new peak over the weekend, reaching $106,000 per coin on Sunday, May 18, marking its highest valuation since early February of this year.

    This rally propelled the flagship cryptocurrency’s market capitalization to an impressive $2.11 trillion and triggered significant liquidations in the derivatives market.

    The recent price action reportedly culminated in the highest weekly closing price for Bitcoin to date, surpassing a previous benchmark of $104,298.70 set in December of the prior year.

    Reports indicated that this surge led to the liquidation of over $44 million in short positions tied to Bitcoin across various derivatives platforms, underscoring the potent buying pressure.

    Market observers point to two primary catalysts providing the impetus for Bitcoin’s latest ascent.

    A significant factor appears to be a legislative proposal from US President Donald Trump, dubbed the “big, beautiful bill.”

    This package of legislative priorities includes a contentious five percent tax on remittances sent by non-US citizens residing in the US to their home countries.

    The remittance tax ripple effect: a crypto catalyst?

    This proposed remittance tax is projected to affect over 40 million individuals in the US who regularly send portions of their income to support families abroad.

    While the measure has faced opposition from countries like Mexico, President Trump’s bill has reportedly advanced, having been cleared by the US House Budget Committee in a late-night vote on Sunday.

    Analysts have voiced concerns that this bill could inadvertently drive migrants towards alternative, “unauthorised channels” such as cryptocurrencies to make remittances and circumvent the proposed tax.

    Crypto advocacy group Coin Center has noted that self-hosted crypto wallets fall outside the purview of the bill, as they do not meet the definition of remittance-transfer providers.

    This potential shift towards crypto for cross-border payments is seen as a bullish driver for Bitcoin.

    Regulatory horizon: stablecoin bill sparks optimism

    Another significant factor potentially fueling the increased buying interest in Bitcoin is the anticipation of upcoming regulation.

    For years, the cryptocurrency industry has advocated for clear regulatory frameworks as a means to formally integrate digital assets into the established financial system.

    Now, a US bill specifically designed to regulate stablecoin issuers is slated to be taken up by the US Congress this week.

    Republican Senator Bill Hagerty, one of the sponsors of the ‘Guiding and Establishing National Innovation for US Stablecoins (Genius) Act,’ expressed optimism about the legislative progress.

    “Next week, the Senate will make history when we debate and pass the Genius Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” Hagerty was quoted as saying.

    According to a report by Coindesk, the bill was reportedly redrafted at the eleventh hour to address concerns raised by Democrats regarding consumer protection and national security elements.

    The prospect of clearer rules for stablecoins, a cornerstone of the crypto ecosystem, is likely contributing to broader market confidence.

    A year of volatility: navigating economic crosscurrents

    Bitcoin’s journey this year has been characterized by extreme price swings.

    These fluctuations have occurred amidst broader economic anxieties, including panic over the potential collapse of the US dollar, spurred by President Trump’s imposition of tariffs on China and other nations.

    For instance, in April, Bitcoin’s price experienced a sharp downturn, plummeting by 30 percent from its all-time high of nearly $110,000 to around $75,000 per coin, illustrating the asset’s sensitivity to macroeconomic developments and market sentiment.

    The current rally above $106,000 marks a significant recovery and a renewed wave of bullish momentum.

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