Bitcoin | Crypto

The $300 million raise is part of the GD Culture Group’s ambition of “embracing blockchain-driven industrial transformation.” GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve. In a May 12 statement, GDC and its subsidiary, AI Catalysis, announced entering into a common stock purchase agreement with a British Virgin Islands limited liability company to sell up to $300 million of its common stock. The proceeds from the stock sale will be used to fund the firm’s crypto treasury, which will include purchases of Bitcoin (BTC) and the Official Trump (TRUMP) token. Read more

Bitcoin's hodler entities are more active than ever as a record 14 million BTC gain "illiquid supply" status, with whales still accumulating above $100,000. Key points: Bitcoin has seen its largest 30-day illiquid supply increase of the current bull market. Illiquid supply now stands at 14 million BTC, more than ever before. Read more

Bitcoin crossed $100,000 last week for the first time since February, powered by a rapid expansion in derivatives activity that set new records for open interest, funding rates, and short liquidations. The move unfolded within a market increasingly reliant on leveraged structures rather than spot-driven flows, setting up a potentially fragile foundation if momentum stalls. […] The post Short squeeze propels Bitcoin past $100,000 with funding rates growing appeared first on CryptoSlate.

Bitcoin data suggests that potential profit-taking in the $106,000 range is likely to occur before BTC bulls attempt to set new all-time highs. Key Takeaways: Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000. A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. Read more

Despite Bitcoin (BTC) dropping by 2.5% in the past 24 hours to trade near $101,600 and triggering nearly $200 million in liquidations of open long positions, the latest “Bitfinex Alpha” report highlighted that on-chain metrics remain constructive. The current price action follows a move that saw Bitcoin rally from a recent low near $74,000 to […] The post Bitcoin’s rise above $100K buoyed by institutional inflows and macro tailwinds – Bitfinex appeared first on CryptoSlate.

Strategy has continued its aggressive Bitcoin accumulation, acquiring 13,390 BTC for $1.34 bn at $99,856 each. The firm now holds 568,840 BTC obtained for $39.41 bn while traders assess the impact of a three-month U.S.–China tariff pause and shifting policy conditions. The post Strategy Scoops 13,390 Bitcoin in $1.34B Blitz – Tariff Truce Sparks Volatility appeared first on Cryptonews.

Bitcoin price takes an unexpected turn to the downside even as stocks soar following the US-China trade deal announcement. Key takeaways: Bitcoin lags as investors shift toward stocks after the US and China strike a deal that could end the current trade war. Macroeconomic conditions are swinging away from gold investing and back to stocks.  Read more

Bitcoin sells off after nearly rallying to $106,000, but data suggests the correction will be short-lived. Key takeaways: Possible de-risking ahead of the May 13 CPI print could be playing a role in today’s BTC price correction. Bitcoin market structure and qualitative fundamentals remain bullish, suggesting today’s correction could be short-lived. Read more

U.S. authorities ordered Pratt and his accomplices to forfeit their Bitcoin in July 2024.

Bitcoin pauses as major assets catch up to the US-China trade deal announcement, with $102,000 on the cards as a BTC price support retest target. Key points: Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news. Nearby order book liquidity forms potential targets for traders, which now include $102,000. Read more

Earn yield on Bitcoin using centralized lending platforms, through Wrapped Bitcoin (WBTC) on Ethereum, or Bitcoin layer-2 platforms. Though Bitcoin doesn’t support native staking, holders can earn yield through centralized lending platforms, Wrapped Bitcoin (WBTC) on Ethereum, and Bitcoin-related networks like Babylon and Stacks. WBTC allows BTC holders to participate in lending, liquidity pools and yield farming on Ethereum-based DeFi platforms like Aave and Curve but introduces bridge and smart contract risks. Protocols like Babylon and Stacks use mechanisms like native time-locked scripts or stacking to offer rewards without removing BTC from the Bitcoin blockchain. Read more

With its latest purchase, Strategy has achieved a Bitcoin yield of 15.5%, breaking its previous 2025 target, which was lifted to 25% in early May. Update (May 12, 1:25 pm UTC): This article has been updated to reflect that Strategy lifted its 2025 Bitcoin yield target from 15% to 25% in early May. Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week. Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12. Read more

David Bailey’s newly founded Nakamoto Holdings has merged with healthcare provider KindlyMD to create a global Bitcoin-native treasury network. Healthcare services provider KindlyMD has merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with BTC Inc. Bailey said: Long-term, the firm’s plan includes developing an ecosystem of Bitcoin-native companies, including media, advisory and financial services, all aiming to accelerate Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate Bitcoin and grow the BTC held per share. Read more

Tokyo-listed investment firm Metaplanet has significantly expanded its Bitcoin treasury, acquiring an additional 1,241 BTC for approximately 18.4 billion yen ($126 million). The post Tokyo’s Metaplanet Buys Another $126M in Bitcoin, Bringing Holdings to  6,796 BTC appeared first on Cryptonews.

Bitcoin rallied within 5% of its previous all-time high, and bulls expect the level to be conquered this week. Key points: Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588. BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand.  Read more

The following is a guest post and opinion by Hong Sun, Head of Institutional at Core DAO. Traditional financial institutions have begun to benefit from Bitcoin’s price appreciation — but they’re doing so in suboptimal ways. Most are sitting on Bitcoin as if it were cash, content with price exposure while overlooking its productive potential. […] The post Bitcoin yield without the leap of faith appeared first on CryptoSlate.

Bitcoin bulls are on the cusp of launching the market back to all-time highs and beyond, new BTC price analysis confirms ahead of a crucial weekly close. Key points: Bitcoin analysis identifies the all-important price point to hold into the weekly close as all-time highs loom. Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground. Read more

The country continues to acquire more Bitcoin for its strategic reserve and has embraced technical innovation to fuel economic growth. The government of El Salvador continues stacking Bitcoin (BTC) for its national crypto reserve, despite an ongoing deal with the International Monetary Fund (IMF) stipulating that the Central American country stop using public funds to purchase Bitcoin as one of the conditions for a loan agreement. According to data from the El Salvador Bitcoin Office, the country acquired an additional seven BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million. El Salvador's Bitcoin Office has continued its steady pace of Bitcoin acquisitions months after the IMF agreement was signed and shows no sign of halting its Bitcoin purchases. Read more

A crypto analyst says Bitcoin is on its way to $160,000 or a “crazy number,” Alex Mashinsky gets 12 years jail, and more: Hodler’s Digest The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud.  Mashinskys legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were less inclined to leniency, suggesting on April 28 that the judge deliver a 20-year sentence for his actions. Betting markets predicted a light sentence ahead of the May 8 hearing. Polymarket showed only 11% odds for a 20-year sentence or higher. Read more

According to a Reuters market wrap, world stocks ended the week little‑changed as investors weighed a fresh U.S.–U.K. tariff deal and this weekend’s high‑stakes meeting between Washington and Beijing trade officials. Stocks tread water on tariff suspense MSCI’s all‑country equity index inched up just 0.11% to 846.80, trimming a 0.3% weekly loss. Europe’s STOXX 600 added 0.44%, while […] The post Global markets steady as US-China trade talks loom, Bitcoin hits $103k appeared first on CryptoSlate.