Analysts say Bitcoin could break its all-time high within one to two weeks, following breakout patterns seen recently in gold and the S&P 500. Key takeaways: A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538. Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment. Read more
New legislation in Washington would have the CFTC regulate crypto, but is it currently able to provide effective rulemaking? Representatives in Washington want the Commodity Futures Trading Commission (CFTC) to regulate crypto, but there are questions about whether the agency is up to the task. Last week, US Congressman French Hill released the first draft of the Clarity Act, a bill that would create a new category of asset, the “digital commodity.” It would allow qualified assets to trade relatively freely on the secondary market. It would also give the CFTC most of the authority to regulate cryptocurrency. The CFTC is empowered and governed by the Commodities Exchange Act (CEA), a sprawling law periodically modified by new legislation to amend and modernize it. Like the Securities and Exchange Commission and many other federal commissions, the CFTC comprises five commissioners, each of whom must be confirmed by the Senate. Read more
The USDt issuer plans to launch its open-source project by the fourth quarter of 2025, according to CEO Paolo Ardoino. Stablecoin issuer Tether plans to open-source its Bitcoin mining software, a move the company said would allow new miners to enter the market without relying on expensive third-party vendors. By open-sourcing its Bitcoin Mining OS (MOS), “A horde of new Bitcoin mining companies will be able to enter the game and compete to keep the network safe,” Tether CEO Paolo Ardoino said in a Monday X post. Ardoino described MOS as scalable and modular, “built with a peer-to-peer [Internet of Things] architecture at its core.” Read more
Despite market volatility and evolving investment tools, hodling remains the go-to strategy for Bitcoin believers in 2025. Hodling crypto means holding onto cryptocurrency long-term instead of selling, regardless of market volatility. In 2013, a late-night forum post on Bitcointalk was titled “I AM HODLING.” Read more
Magic Eden publicly promoted the Trump Wallet, but conflicting claims and legal fallout raise questions about how clearly the partnership was understood. On June 3, 2025, a website promoting the “Official $TRUMP Wallet” surfaced, claiming to offer users the ability to trade cryptocurrencies, including a Trump-branded memecoin. The site prominently featured Magic Eden as a partner, lending an air of legitimacy to the project. However, the Trump family swiftly disavowed any association with the wallet. Unveiled by Fight Fight Fight, a company tied to Trump associate Bill Zanker, the Official Trump Wallet claimed to offer crypto features and collectibles under the Trump brand. The wallet promised integration with leading cryptocurrencies, including Bitcoin (BTC), Solana (SOL), Ether (ETH), Magic Eden’s own ME (ME) token, alongside “all other tokens.” Read more