Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited. Key points: Bitcoin risks a deeper correction to $100,000, but a positive sign is that Strategy and Mataplanet continue to accumulate. Ether and select altcoins are trying to bounce off their strong support levels, signaling buying on dips. Read more
Bitcoin may be decentralized, but its price isn’t immune to the influence of whales, protocol upgrades, ETF approvals and global regulations. If anyone comes close to “moving the market,” it’s the whales. These are the investors holding thousands of BTC, often institutions, funds or OG holders from the early days. And in 2025, they’re more active than ever. The number of wallets holding over 1,000 Bitcoin (BTC) has climbed to 1,455 as of May 2025, marking a renewed wave of accumulation. Some of this growth is driven by institutional players: Strategy alone now holds over 580,000 BTC (around 2.76% of total supply), while BlackRock has added Bitcoin allocations to its iShares Bitcoin Trust ETF and related portfolios. Read more
Twenty One Capital, Securitize, aZen, Savea and Dexari headline a less active month for crypto venture capital. May was a quieter month for crypto venture capital, but notable raises by tokenization platforms and a Hyperliquid wallet indicate that dealmaking remains active. Perhaps the biggest development was the ongoing momentum for Twenty One Capital, the Bitcoin (BTC) treasury company backed by stablecoin issuer Tether, crypto exchange Bitfinex and Wall Street firm Cantor Fitzgerald. The company’s total funding reached $685 million after its backers exercised the option to purchase additional convertible bonds last month. The backers of Twenty One Capital have exercised the option to purchase an additional $100 million of convertible senior secured notes, bringing the Bitcoin treasury company’s total funding to $685 million. Read more
When centralized infrastructure fails, entire societies are left in the dark. Recent blackouts across Europe and beyond reveal the urgent need for DePIN, empowering communities to build resilient, community-driven solutions that can withstand crises. Opinion by: Carlos Lei, co-founder and CEO of Uplink Seeing Spain, Portugal, and France go dark recently? Sure, millions lost power. It was a connectivity collapse, showing just how brittle communication lifelines become when the power dies. Don't think for a second this is just a European problem. The same script plays out all over. South Africa's endless power woes. Pakistan's massive blackout in 2023. Then there was that crazy Texas freeze in 2021. Another time, locals in Houston melted snow off their roofs into buckets just to flush toilets for an entire week. Most people were without heat in sub-zero temperatures, and power and phones were completely out. It was an unforgettable lesson about just how fragile essential systems can be. Read more
Bitcoin price action gets off to an uncertain start in June with traders staying cautious on which way the market will head. Key points: Bitcoin stays near its old all-time highs from late 2024 as US stocks digest increased tensions in Europe. Traders shrug off market nerves after BTC/USD drops 8% versus its latest record of $112,000. Read more