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Michael Saylor, executive chairman of Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$77,524.90, said Thursday on X that the crypto winter is over as bitcoin held above $78,000, a price level first reached early on April 22, according to CoinDesk data.In a Game of Thrones-style image, dressed in a fur coat, a garment not particularly suited for when the winter is over, and mounted on a horse, Saylor, whose firm recently added 13,927 bitcoin, bringing its treasury’s total BTC holdings to 780,897, said “Winter’s over”, a statement not all crypto analysts agree with.“Even if the winter is over…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Spanish police made an unusual discovery during their raid — two crypto cold wallets tucked inside a household wall thermometer. The devices contained roughly 400,000 euros, about $467,000. Authorities arrested three suspects in Almería in connection with what officials described as the biggest illegal Spanish-language manga distribution platform in the country’s history. The site had been running since 2014. Over roughly a decade, it pulled in more than 4 million euros — around $4.55 million — mostly through advertising revenue. Visitors got free access to pirated manga…
Wisconsin files lawsuit against five major prediction market platforms, alleging illegal sports betting through event contracts and seeking immediate court restrictions. Wisconsin has taken strong legal action against major prediction market platforms over alleged illegal betting practices. On April 24, the state sued Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. However, officials claim these companies disguise gambling activities as financial tools to bypass strict state laws. Wisconsin Says Event Contracts Mirror Illegal Sports Betting The Wisconsin Department of Justice announced the lawsuits and explained its concerns clearly. Furthermore, Attorney General Josh Kaul has said that renaming does not turn unlawful activities…
The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report.The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants and Secure Enclave funding into 433.3 million Intel shares at $20.47 apiece, giving it about a 9.9% ownership stake. With Intel trading near $81.80 in pre-marketing trading Friday, the holding is now valued at approximately $35.4 billion, nearly tripling in less than a year.The government also…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The relationship between Bitcoin and the M2 Global Money supply chart has been a long one in the making, with similarities over the years. Given that both of these have seemed to follow each other over the years, the M2 rising has been something that analysts have pointed out as bullish for Bitcoin. However, with the recent deviation, calls for the similarities have died down, with many believing that the correlation has ended. But one analyst has stood out, saying the chart is misunderstood. The Bitcoin Price…
JPG Store, Cardano’s top NFT marketplace, is closing by May 23. Here’s what users must do before the shutdown to protect their assets. JPG Store, the leading NFT marketplace on the Cardano blockchain, is shutting down. The platform announced the closure via its official X account. Operations will wind down in a phased process, ending May 23, 2026. JPG Store cited sustainability as the core reason behind the decision. The Comet platform, which runs alongside JPG Store, will also close. Related reading: Why Is Hoskinson Furious at One of Cardano’s Own Influencers? JPG Store NFT Marketplace Shutdown Timeline and Phases…
Japanese bitcoin treasury firm Metaplanet is back in the market with another round of balance-sheet leverage, issuing 8 billion yen, worth roughly $50 million, in zero-interest ordinary bonds to finance future bitcoin purchases.In a Friday filing, the company said the latest issuance was fully taken up by EVO Fund, a Cayman Islands-based investor that has repeatedly anchored Metaplanet’s previous offerings. It also marks the firm’s 20th bond issuance, underscoring its long favored strategy of tapping debt markets to fund bitcoin accumulation. Metaplanet, now Japan’s largest corporate bitcoin holder, has maintained a steady buying spree since April 2024, adding 5,075 BTC…
Crypto analyst Michaël van de Poppe says Bitcoin is clearly bullish. In a series of posts on X, van de Poppe downplays market jitters, pointing to strong momentum and supportive lower-timeframe technical indicators as signs that the trend is strongly intact. “There’s no need to stress, markets are eagerly going up for Bitcoin.” But despite his optimism, Poppe warns Bitcoin may briefly stall a key resistance level. “The crucial resistance at $79K has a lot of sells/shorts to break through. Likely we’ll test it first, come back down for a little, find extra stamina, and then we’ll push through to…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over 100 industry organizations have pressed the Senate to move forward with a markup of the crypto market structure bill to “future-proof” the industry and “cement” US leadership in financial innovation. Crypto Groups Push Senate For Markup Date On Thursday, the Crypto Council for Innovation (CCI) and the Blockchain Association (BA), joined by a coalition of more than 120 organizations from across the ecosystem, urged the Senate to fast-track the crypto market structure bill, also known as the CLARITY Act. In a letter addressed to Senators Tim…
Jane Street asks court to dismiss Terraform Labs lawsuit, denying insider trading claims linked to TerraUSD and LUNA collapse events. A major legal dispute has emerged in the crypto market after Jane Street challenged serious allegations. Jane Street has moved to dismiss Terraform Labs’ lawsuit. But the lawsuit is about the collapse of TerraUSD and LUNA, resulting in substantial losses. Jane Street Rejects Claims and Blames Terraform Leadership Jane Street claimed that the case is baseless and seeks to blame others. Further, it claimed that Terraform was responsible for the crash. Therefore, it requested that the court not proceed with…