Key takeaways: Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors. $1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds. The aggregate open interest in Bitcoin BTCUSD futures surged to a record high on May 20, raising questions about…

Standard Chartered’s Geoffrey Kendrick predicts a $500,000 milestone for Bitcoin by the end of President Trump’s tenure. Kendrick stated that the rise will accompany an increase in institutional Bitcoin exposure through Strategy’s stock. The prediction follows soaring government bond yields, indicating their declining usage as a hedge against risk assets. Bitcoin (BTC) briefly traded above…

The Blockchain Group (ALTBG), listed on Euronext Growth Paris and known as Europe’s first Bitcoin Treasury Company, has announced a capital increase of approximately €8.6 million as it pushes forward with its Bitcoin Treasury Company strategy. The funding was raised through two operations, a Reserved Capital Increase and a Private Placement, with both priced at…

In brief Eric Adams announced a new digital assets advisory council for New York City. Council chair and key policy recommendations will come in a few weeks. The city will explore using blockchain and crypto for birth certificates, death records, and payment of city services. In opening remarks at the inaugural NYC Crypto Summit, mayor…

America’s efforts to become a global hub for Bitcoin (BTC) and the wider digital asset ecosystem could serve as a foundation for a new phase of domestic economic growth, according to a report published May 20 by River. The “America Report 2025” asserted that the US is in a unique position to benefit from Bitcoin’s…

“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin , though, some analysts say this season could mark a break from tradition. “As we get into the European summer months, the sense is it’s more likely a case of ‘buy in May and go away’ than…

Key takeaways: Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors. $1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds. The aggregate open interest in Bitcoin (BTC) futures surged to a record high on May 20, raising questions about…

MicroStrategy is currently facing a legal battle with the announcement of a class action lawsuit by Pomerantz LLP, alleging misleading statements about its bitcoin-focused strategy. Despite this backdrop, the company’s stock rose by 30% over the past month, reflecting a significant rebound from the previous shock of an $8.67 per share price drop due to…

Popular crypto veteran Anthony Pompliano has finally discovered the secret behind Bitcoin’s continuous ascent after several years of holding Bitcoin, according to a recent post on X (formerly Twitter). With the broad crypto market facing consistent volatility, especially Bitcoin, Pompliano claims that expansionary monetary policies are the major drive behind Bitcoin’s future potential. Bitcoin predictions…

The State of Wisconsin Investment Board (SWIB), one of the first U.S. state pension funds to invest in a spot bitcoin BTC exchange-traded fund, exited its position entirely in the first quarter as the price of the largest cryptocurrency fell about 12%. At end of 2024, the board held more than 6 million shares in…