Author: Isabella Taylor
With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election. According to a report by Point Daily, crypto voters’ political significance has grown as Bitcoin’s market capitalization in Korea now exceeds 2,600 trillion won. This has rivaled the combined value of KOSPI-listed companies. As Point Daily notes, these 16 million investors account for a substantial portion of the country’s approximately 44.25 million eligible voters from the previous general election. Major parties are using crypto-specific strategies to attract these voters. The Democratic Party…
MicroStrategy sharply increased its capital-raising target and 2025 bitcoin acquisition goals in its earnings report, prompting a bullish revision from analysts at H.C. Wainwright. In a research note dated May 2, analyst Mike Colonnese turned incremenetally bullish on Strategy’s stock with a price target lifted from $480 to $521, citing increased BTC holdings forecasts and strong execution on capital raising. As part its first quarter earnings report on Thursday, Strategy doubled its capital plan to $84 billion through 2027, up from the $42 billion goal announced in late 2024. The new “42/42” plan includes $42 billion in equity and $42…
Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Nexo’s return to the U.S. after a hiatus, and the latest on Celsius founder Alex Mashinsky’s trial. Strategy buys more Bitcoin Nexo returns to the US Regulations and prosecutions… Source link
Texas Representative Lance Gooden has formally asked the General Services Administration to consider installing cryptocurrency ATMs in federal buildings across the United States. Gooden cited the need to modernize public infrastructure and support a growing segment of Americans engaging with digital assets. In a May 1 letter to Acting GSA Administrator Stephen Ehikian, Gooden urged the agency to begin evaluating the feasibility of the initiative, emphasizing that such a move would “signal to the public that the government is embracing innovation in a secure and responsible manner.” The proposal aligns with former President Donald Trump’s campaign focus on advancing U.S.…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A new class of blockchains like Berachain, Story (IPfi), Unichain, Monad, and MegaETH are leading a wave of specialized blockchain launches designed to serve increasingly diverse decentralized finance applications. But these chains aren’t just niche alternatives—they’re breaking users free from the constraints of the general-purpose status quo. This approach challenges the long-standing notion that a handful of general-purpose networks can support all use cases—and declares that the future isn’t one monolithic chain to rule them all, but…
Has Bitcoin price prediction turned a corner, with real on-chain movement toward $175,000 — or are we skipping steps by already entertaining BlackRock’s $700,000 thesis? BTC nears $98K as bullish momentum reignites After weeks of sideways movement, Bitcoin (BTC) nearly touched $98,000 on May 2, reaching a high of $97,905. As of this writing, BTC is trading around $97,650, slightly below its peak but still holding most of its recent gains. BTC price chart | Source: crypto.news From a historical standpoint, Bitcoin has recovered more than 24% from its February low of $78,200 and more than 30% from the early…
Brown University has revealed a new $4.9 million investment in BlackRock’s iShares Bitcoin Trust. This investment stems from a 13F filing, which reveals that 105,000 shares were purchased, marking the university’s initial reported investment in a spot Bitcoin ETF. The position, acquired sometime in the first quarter of 2025, underscores growing institutional interest in Bitcoin (BTC) through regulated financial instruments. Brown’s total disclosed equity holdings in the filing stood at $216 million across 14 positions, placing the IBIT stake at roughly 2.3% of the portfolio’s value. BlackRock’s IBIT has been a key player in the wave of spot Bitcoin ETFs…
Michael Saylor’s Strategy has announced aggressive plans to up its Bitcoin acquisitions, and two Wall Street firms are on board. Michael Saylor’s risky bet on Bitcoin (BTC) received a green light from top Wall Street analysts. According to a Friday, May 2 report by Coinbase, analysts from Wall Street research firms Benchmark and TD Cowen endorsed Strategy’s aggressive Bitcoin acquisitions. Mark Palmer, analyst at the research and investment banking firm Benchmark, noted Strategy’s first-mover advantage. He explained that the firm has managed to grow its Bitcoin holdings substantially, projecting a $650 price target from Strategy’s current $395 price. Wall Street…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trader who turned $500 into $250k with Solana is now betting big on Codename:Pepe — an AI-powered memecoin with a unique vision. A savvy trader known for multiplying a modest sum into a fortune with Solana (SOL) is now setting sights on a new opportunity. The focus is on Codename:Pepe, a project bringing a smart approach in the memecoin market. This shift aligns with current market excitement, where sharp investors are hunting for high-potential crypto projects. Emerging as a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analyzing how a $500 bet on XYZVerse in presale could grow if the project’s ambitious roadmap and listing plans play out in a favorable market. The volatile nature of cryptocurrencies implies that early-stage investments come with both high risks and high potential rewards. Investors who identify promising projects early can realize significant gains. Bitcoin’s early days offer a compelling illustration. When BTC first launched in 2009, it was virtually worthless. Early adopters could acquire thousands of BTC for a…