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Bitcoin News
Coindoo
1w
38
Image Credit: Coindoo
Older Bitcoin Holders Accelerate Spending: $4B Moved in May, Highest Since February
- In May, older Bitcoin holders accelerated spending, with $4 billion moved, the highest since February.
- The increase was led by the 3–5 year holding group, followed by the 2–3 year and 1–2 year cohorts.
- May's activity marked the fifth-largest spike in 1–5 year cohort spending this cycle.
- The spending by long-dormant wallets suggests seasoned holders may be taking profits or rebalancing as BTC nears key price levels.
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Crypto-News-Flash
1w
212
Image Credit: Crypto-News-Flash
Top 3 Crypto Price Outlook: BTC, ETH, XRP Face Potential Reversal Signs
- Bitcoin (BTC) and Ethereum (ETH) are facing potential reversal signs, with BTC likely to dip below $106k and ETH expected to plunge below $2,400.
- Bitcoin's RSI chart suggests a possible dip below $106k support level, while Ethereum is experiencing fading momentum, increasing chances of dropping below $2,400.
- The altcoin market is uncertain due to Bitcoin's stability, with altcoins constrained in a tight range. Traders are closely watching Bitcoin, Ethereum, and XRP for sentiment shifts.
- XRP has slipped below a key support level of $2.3 to trade at $2.29, with a bearish momentum indicating a potential drop to $1.96 or a surge to $2.72.
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Bitcoinsensus
1w
297
Image Credit: Bitcoinsensus
XRP DeFi Could Launch on Cardano, Says Hoskinson | Cardano DeFi News
- Cardano plans to integrate DeFi capabilities into the XRP Ledger via a computational layer.
- The integration could unlock over $140 billion in dormant value across XRP and Bitcoin ecosystems.
- Cardano and Ripple are showing signs of warming up to a strategic collaboration after years of tension.
- The potential multi-billion-dollar integration could revolutionize the DeFi space by bridging networks and introducing new functionalities.
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Blockonomi
1w
46
Image Credit: Blockonomi
Bitcoin (BTC) Price: Trading Above $108,000 With Bullish Trend Line Formation
- Bitcoin price trading above $108,000, forming a bullish trend line with potential for breakout above $110,750
- Massive 7,883 BTC net outflow from Coinbase suggests institutional accumulation
- Bitcoin recently reached an all-time high of $111,980 before correcting
- Some analysts predict Bitcoin could reach $120,000 by the end of the week
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Newsbtc
1w
67
Image Credit: Newsbtc
Ethereum Ready For $3,000 Breakout? Analysts Say Sideways Action Is About To End
- Ethereum (ETH) is aiming to surpass key resistance levels, with analysts anticipating a potential breakout towards the $3,000 mark if the $2,600 level holds as support.
- After a notable 6.3% surge to hit $2,700, Ethereum has been consolidating near this price point, having previously reached a three-month high of $2,738.
- Analysts highlight that Ethereum has outperformed Bitcoin in the second quarter, with expectations of a breakout beyond the $2,700 level and a possible rally to fill the CME GAP levels between $2,900 and $3,350.
- There are bullish sentiments surrounding Ethereum dominance holding around 9%, foretelling a potentially strong performance in June, with projections indicating a long-term target of $8,000 following a breakout past $3,000.
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Bitcoinist
1w
101
Image Credit: Bitcoinist
Thai Government Plans to Enable Crypto Spending via Credit Cards for Tourists
- Thailand plans to allow international tourists to spend cryptocurrencies through credit card-linked payment systems to modernize its economic system.
- Tourists will connect their cryptocurrencies to credit cards for local transactions, while merchants will receive payments in Thai baht.
- The initiative aims to attract tech-savvy visitors and position Thailand as a digitally inclusive economy, pending regulatory approvals.
- Thailand is also reforming financial regulations to unify traditional markets and digital assets, while considering modernizing restrictions on institutional investors.
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Coin Telegraph
1w
284
Image Credit: Coin Telegraph
Metaplanet issues $50M in new debt to buy more Bitcoin
- Metaplanet, a Japanese investment company, is raising $50 million through zero-interest bonds to increase its exposure to Bitcoin.
- The bonds are issued in $1.25 million denominations, with Evo Fund as the sole bondholder, reflecting a high degree of trust between the two companies.
- Metaplanet expects minimal impact on its 2025 financial results from the bond issuance and continues to grow its Bitcoin holdings.
- The company's Bitcoin strategy has boosted its stock price, attracting criticism from investors like Jim Chanos who believe direct Bitcoin purchases may be more profitable.
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Coinpedia
1w
420
Image Credit: Coinpedia
Crypto Czar Talks Bitcoin’s All-Time High, Reveals Trump’s Next Crypto Move
- At the Bitcoin 2025 conference, David Sacks, the White House's AI and crypto czar, discussed Trump's pro-Bitcoin moves with Gemini co-founders.
- Bitcoin recently hit a new all-time high above $111K, attracting institutional interest and ETF inflows, leading to expectations of further highs.
- Sacks emphasized Bitcoin as the financial system of the future that should develop in the U.S., highlighting the need for increased energy production for AI and mining operations.
- There's a suggestion that the U.S. government could acquire more Bitcoin without adding to the national debt, and Bitcoin adoption is increasing globally, with calls for the U.S. to participate.
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25 Likes
Cryptopotato
1w
89
Image Credit: Cryptopotato
Early Signs of Retail Interest in Bitcoin (BTC), But No Breakout Yet
- Bitcoin is trading near its all-time high, but the surge lacks widespread retail activity.
- Current data shows early signs of retail movement in the market.
- Institutional investors are driving the current rally, with retail demand lagging behind.
- For sustainable price growth, a substantial increase in retail investor engagement is crucial.
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Bitcoinist
1w
267
Image Credit: Bitcoinist
Bitcoin Entering Price Discovery? Golden Ratio Multiplier Suggests $130,000 Ahead
- Bitcoin has surged by 17.4% in the past month, reaching an all-time high of $111,980 on May 22.
- Crypto analysts predict Bitcoin targeting $130,000 soon, supported by indicators like the Golden Ratio Multiplier and Fibonacci Extension pattern.
- Despite negative funding rates indicating short-term pullback expectations, bullish sentiment continues, with projections of Bitcoin hitting $130,000 by July 2025.
- However, caution is advised as some analysts warn of potential bearish signals like the 'Structure Shift', highlighting the importance of establishing new highs to maintain upward momentum.
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16 Likes
Stackexchange
1w
360
Seeking guidance with Lightning Network transfer shown completed but not recieved
- A user named VeryBaron is seeking support or insight regarding a Lightning Network transaction issue where a payment made successfully has not been credited to their Coinbase account.
- The transaction details include the invoice being generated by Coinbase on May 13th, payment made using the user's own BTC wallet (Cash App), confirmation of success by the sending wallet, and the funds leaving the wallet via Lightning.
- Coinbase support is currently investigating the case, but there has been no resolution or confirmation of funds being credited yet. The user is looking for ways to independently verify the transaction on the network or obtain additional data from the invoice to escalate the issue.
- Invoice String: lnbc943190n1p5zxqwapp55... (full invoice string provided in the message). Any suggestions, tools, or experience with tracing Lightning payments, especially involving Coinbase, are appreciated.
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21 Likes
Coindoo
1w
354
Image Credit: Coindoo
IMF Urges El Salvador to Freeze Bitcoin Holdings Amid Loan Deal
- IMF urges El Salvador to freeze Bitcoin holdings amid loan deal.
- The IMF's position contrasts sharply with President Nayib Bukele's push to expand the country's Bitcoin portfolio.
- El Salvador agreed to scale back its bitcoin activity by the end of 2024 in exchange for a 40-month financing deal and a $1.4 billion loan from the IMF.
- Other global lenders, like the World Bank, may provide additional support, making the total financing package potentially reach $3.5 billion.
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Coin Telegraph
1w
365
Image Credit: Coin Telegraph
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
- White House AI and crypto czar David Sacks suggests the US could buy more Bitcoin if the purchase is funded in a 'budget-neutral' manner.
- Sacks mentions the need for approval from specific government officials to proceed without a new tax or increasing the national debt.
- The US government holds around 198,012 Bitcoin worth over $21 billion, with most of it acquired from various seizures and hacking incidents.
- The executive order from March 6 allows the government to purchase more Bitcoin if it's done in a budget-neutral way, giving potential for acquiring additional holdings.
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Coin Telegraph
1w
59
Image Credit: Coin Telegraph
Australian regulator takes former Blockchain Global director to court
- ASIC has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global, for multiple breaches of directors’ duties.
- Guo allegedly made false and misleading statements about dealings with ACX Exchange customer funds and failed to maintain proper books and records.
- Blockchain Global operated the ACX Exchange until its collapse in December 2019, leaving over 20 million Australian dollars owed to former customers.
- ASIC investigated Guo for potential criminal offences, including transferring money from the collapsed exchange to pay his mortgage, as he left Australia after travel restraint orders expired in September 2024.
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3 Likes
Coindoo
1w
29
Image Credit: Coindoo
Square Adds Bitcoin Payments with Lightning Network Support
- Square has added Bitcoin payments with Lightning Network support for fast and cheap transactions.
- Bitcoin 2025 attendees in Las Vegas will be the first to experience this new payment method at the BTC Inc. store.
- Merchants using Square's Point of Sale app can now accept payments in bitcoin using regular Square hardware.
- These updates provide businesses more flexibility with crypto and empower small businesses to receive instant payments and keep more revenue.
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1 Like
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