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Cryptopotato
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Key Indicator Signals Early Upside Despite Quiet Bitcoin (BTC) Market
- Bitcoin reached a record high of almost $112,000 on May 22 and has remained close to that mark, keeping investors on edge for a potential breakout.
- The Bitcoin Combined Market Index (BCMI) indicates a shift in sentiment, with the 7-day SMA suggesting an early upside signal while the 90-day SMA remains stable, reflecting a neutral zone.
- Accumulation signals are improving, with mid-sized Bitcoin whales showing a strong historical correlation to BTC's price movements and collectively accumulating additional BTC.
- On-chain analyst Willy Woo warns of a potential prolonged consolidation phase for Bitcoin if fresh buying pressure does not emerge, highlighting the importance of this week's spot market activity for BTC's direction in the coming months.
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Livebitcoinnews
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Use Robinhood Wallet for XRP Mining and Pocket $7,700 Each Day
- XRP Mining platform allows users to make payments using Robinhood wallets and potentially earn up to $7,700 daily in 2025.
- Cloud mining offers a passive income solution through renting mining power globally with AI-based strategies like those offered by XRP Mining.
- XRP Mining, founded in the UK in 2018, has become a leader in cloud mining, utilizing advanced AI technology and clean energy for sustainability.
- To join XRP Mining, users can register on xrpmining.com, choose a suitable mining package, recharge using various currencies, start mining, and withdraw earnings.
- XRP Mining's offerings include different investment amounts and daily income values based on the selected mining package.
- The platform supports various stablecoins like USDT-TRC 20, BTC, XRP, ETH, and more for top-ups and mining activities.
- XRP Mining ensures a stable power supply using renewable energy sources and high-security measures to safeguard user funds.
- The mining team consists of industry professionals, and XRP Mining does not require users to own hardware for mining.
- XRP Mining's customer service operates 24/7 to assist users, making participation in cloud mining accessible and convenient for all.
- Using the Robinhood wallet for XRP mining streamlines the payment process, reducing barriers to entry for both experienced and novice cryptocurrency users.
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Coindoo
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PSG Confirms Bitcoin Treasury Allocation, Calls It Move for ‘Next Generation’
- Paris Saint-Germain (PSG) has confirmed allocating a portion of its treasury into Bitcoin, citing a move for the 'Next Generation'.
- More than 80% of PSG's fan base is under 34, and the club sees itself as the club of the new generation, similar to Bitcoin's representation of the financial future.
- PSG converted part of its fiat reserves into Bitcoin last year and continues to hold it on their books.
- The move by PSG aligns with the global trend of corporations and institutions adopting Bitcoin as a long-term store of value, bridging the worlds of global sport and digital finance.
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The Verge
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AI could consume more power than Bitcoin by the end of 2025
- AI could surpass Bitcoin mining in energy consumption by the end of 2025, using close to half of all electricity consumed by data centers globally.
- Estimates from Alex de Vries-Gao, a PhD candidate at Vrije Universiteit Amsterdam, suggest that AI already accounts for up to a fifth of data centers' electricity use.
- The exact energy consumption of AI is uncertain, as big tech companies have not shared specific data. Researchers are projecting based on the supply chain of specialized computer chips for AI.
- Despite efficiency gains, AI's energy consumption is increasing, prompting the need for closer examination of its impact on electricity usage.
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Livebitcoinnews
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FTX Set to Distribute $5B in Stablecoins to Creditors
- FTX cryptocurrency exchange will distribute $5 billion in stablecoins to creditors by May 2025 as part of the bankruptcy repayment plan approved by the court.
- Total claims by creditors amount to $11.745 million, with anticipated recoveries between $14.459 million and $16.254 million, resulting in a recovery rate of 123% to 138%.
- Creditors express frustration over the payout structure based on 2022 asset valuations, which do not reflect the significant growth in cryptocurrency prices since then.
- The distribution of stablecoins marks a first in crypto bankruptcies, with creditors receiving payouts in phases based on claim amounts, while critics urge for a more accurate reflection of current asset values.
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Livebitcoinnews
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Bolivia Bans Crypto for Energy Payments Over Market Fears
- Bolivia has banned the use of cryptocurrencies for energy payments to maintain economic stability and reduce volatility.
- This ban, enacted through presidential order 5399, aims to prevent speculation in digital asset markets and maintain the stability of the national currency.
- The decision to forbid crypto fuel payments follows a previous plan to use digital currencies to address dollar shortages and fuel crisis, which has now been canceled.
- Bolivia's ban impacts the national oil corporation, YPFB, which had planned to use cryptocurrencies for energy purchases but will now revert to traditional financial systems.
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Coindoo
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Bitcoin Selling Pressure Remains Low, Says CryptoQuant Analysis
- The report analyzes Binance inflow data from Short-Term Holders (STH) and Long-Term Holders (LTH) to assess selling pressure.
- STH behavior is currently stable with only 8,000 BTC inflows, indicating moderate selling pressure.
- LTH activity shows minimal involvement with only 86 BTC inflows, signaling high conviction and no near-term price drag.
- Despite low inflows from both STH and LTH, current demand levels suggest that there is no significant downside pressure on Bitcoin prices.
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Zycrypto
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Pakistan To Launch Strategic Bitcoin Reserve Amid Global Race For Digital Gold
- Pakistan plans to launch a strategic Bitcoin reserve, following the trend of nation-states embracing pro-crypto policies.
- The move is inspired by the US, where President Trump signed an executive order for a US strategic Bitcoin reserve, comprised of BTC from forfeitures.
- Pakistan's government will hold its Bitcoin reserve and not sell them, allocating 2,000 megawatts of excess electricity for Bitcoin mining and AI data centers.
- This marks a significant shift from Pakistan's previous stance on cryptocurrencies, moving from contemplating a ban to welcoming miners and building infrastructure for digital assets.
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Bitcoinist
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Image Credit: Bitcoinist
Buy Bitcoin: Strive CEO Calls Mark Zuckerberg Over Meta’s Treasury
- Strive CEO Matt Cole called Meta Platforms CEO Mark Zuckerberg urging him to convert a portion of Meta's $61 billion cash reserve into Bitcoin during a speech at Bitcoin 2025 in Las Vegas.
- Cole argued that holding cash and short-term US Treasuries exposes shareholders to monetary debasement, emphasizing the strengthening case for companies to invest in Bitcoin.
- He highlighted the global fiat debt crisis, rising M2, and the erosion of real returns, emphasizing the need for companies to consider Bitcoin for their balance sheets.
- Cole linked the monetary argument to the impact of advancing AI technology, predicting significant changes in the S&P 500 over the next decade due to AI disruption.
- His call to Zuckerberg included reference to Meta's potential dominance and the naming of his pet goat 'Bitcoin,' urging Meta to adopt a bold corporate Bitcoin treasury approach.
- Market analysts responded with predictions that a major US company, such as Meta or Microsoft, may be the first to add Bitcoin to its balance sheet, expecting a significant impact on the market.
- Skeptics cautioned against investing in Bitcoin for corporations, questioning its utility for operational purposes and suggesting that the focus should be on shareholder value and return on investment.
- Speculation around Zuckerberg's views on Bitcoin emerged, with mentions of his failed attempt to launch stablecoin Libra and his goat named 'Bitcoin,' indicating a potential inclination towards Bitcoin.
- Meta's upcoming annual meeting will include a shareholder proposal from Strive, aiming to encourage the company to adopt a corporate Bitcoin treasury approach, despite Meta's board recommending against it.
- At the time of writing, Bitcoin was trading at $107,948, following the attention drawn by Cole's call for Meta to consider investing in Bitcoin.
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Livebitcoinnews
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BONK & ARB Price Outlook, and Why UNSD Is the Breakout AI Crypto to Watch
- BONK and Arbitrum (ARB) are both showing bullish chart setups, but Unstaked (UNSD) is gaining attention as a disruptive AI-powered crypto project.
- Unstaked (UNSD) offers AI agents that automate tasks across platforms like Telegram, Discord, and X, providing real utility post token-listing.
- Bonk (BONK) is potentially poised for a breakout with signs of bullish trend, while Arbitrum (ARB) shows a potential 44% rally opportunity after a corrective pattern.
- Investors are eyeing Unstaked (UNSD) for its AI growth hack capabilities, with a current presale price of $0.010126 and a projected launch price near $0.1819.
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Coindoo
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Scandinavian Crypto Firm Makes Bold Bet on Bitcoin Reserves
- Scandinavian crypto firm, K33, receives financing from existing shareholders to acquire Bitcoin and implement a long-term reserve strategy.
- CEO Torbjørn Bull Jenssen sees Bitcoin as a strategic asset that will strengthen K33 financially and position it as a forward-looking crypto brokerage.
- The initiative aligns with the trend of companies adopting Bitcoin as a corporate reserve asset, with K33 aiming to lead this trend in Scandinavia.
- By investing in Bitcoin, K33 joins other firms like MicroStrategy and Metaplanet in integrating BTC as a core operational asset, not just an investment.
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Livebitcoinnews
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Nexchain Builds AI-Ready Infrastructure, Rolls Out Site Fixes and Podcast Launch
- Nexchain is an EVM-compatible Layer 1 blockchain designed for AI-powered dApps, with focus on AI integration, sophisticated token logic, and efficient infrastructure.
- Nexchain is developing an AI-powered blockchain indexer optimized for real-time interaction with AI agents, aiding intelligent on-chain automation and new execution patterns.
- Infrastructure improvements, including bug fixes for wallet syncing and real-time updates, have been released, with the testnet scheduled for June to showcase AI-powered token extensions and smart contract optimization.
- Nexchain's first official podcast episode on Spotify, titled 'Autonomous by Design,' explores blockchain's suitability for intelligent agents and the advancements in real-time adaptable infrastructure.
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Crypto-News-Flash
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Bank of Russia Approves Limited Crypto Exposure for Qualified Investors
- Russia's central bank is allowing financial institutions to offer qualified investors access to crypto-linked investment products as part of a trial program.
- Only qualified investors with certain financial thresholds can trade derivatives, securities, and digital financial instruments tied to cryptocurrency prices.
- The Bank of Russia's move reflects a cautious approach towards integrating digital assets into the financial system, aiming to explore the benefits of digital finance while ensuring regulatory oversight.
- Globally, there is a trend towards banks exploring crypto services, with institutions in Switzerland, the U.S., and Saudi Arabia also making advancements in digital asset offerings and investments.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
New York City Unveils Bitcoin Bond Plan Amid Major Crypto Policy Shift
- New York City is planning to issue the world’s first Bitcoin-backed city government bonds named “BitBond” to establish itself as a financial innovation leader using cryptocurrency, according to Mayor Eric Adams.
- The plan involves securing the bonds not with traditional government money but with Bitcoin itself, representing a new way for local authorities to borrow money.
- Additionally, New York is eliminating its controversial BitLicense, which had been criticized for stifling innovation in the crypto market and pushing blockchain companies away from the region.
- Mayor Adams aims to integrate blockchain technology into civic systems like issuing birth certificates and processing fines and taxes, with a broader strategy to attract talent and investment back to New York as a hub for high-tech and blockchain-based development.
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Bitcoinsensus
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U.S. Real GDP Declined by 0.2% in Q1 2025
- U.S. real GDP declined by 0.2% in Q1 2025, marking the first contraction since early 2022 and a sharp reversal from the 2.4% growth in Q4 2024.
- The contraction was driven by reduced government spending, increased imports, and a decrease in consumer spending and government investment.
- Real final sales to domestic purchasers rose by 2.5%, while real gross domestic income (GDI) fell by 0.2% in contrast to the 5.2% growth in Q4 2024.
- Persistently high inflation was noted, with the price index for gross domestic purchases rising by 3.3% and the core PCE price index by 3.4%. Corporate profits declined by $118.1 billion due to tariffs and weakening demand.
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