Human Rights Foundation’s Alex Gladstein told a group of US political leaders that Bitcoin has “essentially saved” citizens living under dictatorships. A Human Rights Foundation executive told a room full of US politicians that Bitcoin continues to prove itself as a powerful tool against authoritarian control, offering an alternative to the mounting ways fiat currency can be manipulated and controlled. “With Bitcoin, the ability of these leaders to do these things is completely decimated,” Human Rights Foundation chief strategy officer Alex Gladstein said at the Bitcoin Policy Summit in Washington, D.C. on Thursday. “Bitcoin is bad for dictators,” he added. Read more
Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar. United States President Donald Trump recently touted the positive impacts of Bitcoin (BTC) on the US economy, including relieving "pressure" from the US dollar during Friday's White House press conference. The President said that he is a fan of the crypto industry, which has grown into a sector that cannot be ignored due to geostrategic competition. Trump added: Digital asset researcher Anders X suggested that Trump's comments were a reference to the Triffin Dilemma, or the conflict of interest between being the issuer of the global reserve currency, maintaining proper trade balances, and ensuring the long-term value of the currency. Read more
Bitcoin trades near key support at $104,000, but weak volume, fading onchain metrics, and sticky inflation point to more price consolidation. Key takeaways: BTC is consolidating within a descending channel, but weak onchain activity suggests a lack of momentum. Rising Core inflation data (2.7%) and sticky price growth reduce the likelihood of Fed rate cuts, maintaining pressure on Bitcoin and risk assets. Read more
Corporations race to build Bitcoin treasuries as stablecoins gain momentum and landmark regulations take shape worldwide. The race to accumulate Bitcoin (BTC) is accelerating as corporations increasingly view the digital asset as a valuable addition to their balance sheets. Beyond publicly traded firms, private companies are joining the movement, including a Norwegian deep-sea mining company planning to acquire $1.2 billion worth of BTC. This week also marked the official unveiling of a new venture by crypto entrepreneur Anthony Pompliano, aimed at building a billion-dollar Bitcoin treasury. As Bitcoin accumulation intensifies, stablecoins are emerging as a key driver of crypto adoption. The United States is edging closer to passing landmark stablecoin legislation, South Korea is pushing banks to issue won-backed stablecoins and the rise of yield-bearing stablecoins — described by one venture executive as an “inevitability” — appears to be on the horizon. Read more
A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall? Key takeaways: Bitcoin spent the week fighting to hold above $107,000, but exchange inflows remain at historic lows as retail investors choose to sit on the sidelines. Stagflation becomes a real risk as US growth slows, but Fed rate cuts could fix the situation and supercharge Bitcoin price. Read more
Robinhood continues to expand its crypto services offering with micro futures contracts on leading assets. Digital brokerage Robinhood has launched micro futures contracts for Bitcoin (BTC), Solana (SOL), and XRP (XRP), giving crypto traders the ability to trade derivatives with significantly lower capital requirements. The new offering was officially unveiled in the United States on Friday, expanding on Robinhood’s existing crypto futures products for Bitcoin and Ether (ETH). Micro futures contracts are smaller versions of standard futures contracts, allowing traders to speculate on an asset’s price movements with a much lower upfront investment. Read more
Bitcoin lending is making a quiet comeback with tighter controls, but volatility still threatens sudden liquidations. Bitcoin lenders are betting that tighter controls and clearer risk management can rebuild trust in a sector still haunted by the collapse of predecessors Celsius and BlockFi. Major Bitcoin lenders of the previous cycle imploded after turning user deposits into undercollateralized loans. When Bitcoin (BTC) prices fell and liquidity dried up, billions in customer funds were frozen or gone. But those implosions don’t prove that crypto-backed loans are doomed by design. The failures were largely the result of poor risk management rather than the model itself. Some platforms are now taking the right steps, such as overcollateralization, while enforcing stricter liquidation thresholds, according to Alice Liu, head of research at CoinMarketCap. Read more
Bitcoin long-term holder supply has increased at a record rate over the past month, data from CryptoQuant reveals. Key points: Bitcoin long-term holder supply has increased by a record 800,000 coins over the past 30 days. Data shows that even a 750,000 BTC increase has only occurred six times in Bitcoin’s history. Read more
If successful, Genius Group’s $1 billion lawsuits could net shareholders $7 per share while boosting the company’s Bitcoin holdings by 5,000 BTC. Artificial intelligence-driven edtech firm Genius Group plans to distribute potential winnings from billion-dollar lawsuits to shareholders and use a portion to expand its Bitcoin treasury, the company said. In a Thursday press release, the board of directors at Genius Group approved the distribution plan for repurposing any wins from two lawsuits that seek combined damages of more than $1 billion. One lawsuit has been filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), which seeks damages of over $750 million against LZGI International. The second is yet to be filed, according to Genius Group’s CEO, Roger Hamilton. Read more
UK-based The Smarter Web Company has made a multimillion-dollar raise just days after it purchased $20 million worth of Bitcoin to bring its holdings to over 540 BTC. UK-based web design and marketing firm The Smarter Web Company has raised 41.2 million British pounds ($56.59 million), days after it purchased 196 Bitcoin to add to its growing holdings. The firm said on Thursday that the raise came from institutional investors via accelerated bookbuild, a process where a company raises capital quickly, usually within one or two days, without any marketing push. The Smarter Web Company raised 36.27 million British pounds ($49.8 million) with the bookbuild and a further 4.97 million British pounds ($6.82 million) by subscription. The offer price was 2.9 British pounds ($3.98) per share. Read more
US stock futures have hit record highs, fueling analyst predictions that Bitcoin could soon break past resistance to hit a new price peak. US stock futures are at record highs as the country’s largest markets are nearing their peaks, which could help propel Bitcoin to reach another all-time high, according to analysts. S&P 500 futures entered new all-time high territory on Thursday with the index tapping 6,145 points, surpassing February’s peak. The tech-heavy Nasdaq Composite futures also hit a peak at 20,180 around the same time. The S&P 500 has gained 23% since its April 8 crash as trade tariff shocks ease and a ceasefire between Israel and Iran appears to hold. Read more
Mounting macroeconomic risks, declining Bitcoin miner revenues, and cautious sentiment among investors could trigger a sharp BTC price correction. Key takeaways: Despite strong macro trends, Bitcoin derivatives show fading investor confidence in sustaining the recent price gains. Bit Digital’s pivot to Ether raises fears that other miners may also unload their BTC reserves. Read more