Bitcoin | Crypto

The BSV network has faced numerous delistings, 51% attacks, and a long-term price decline as the altcoin struggles to gain traction. Investors of Bitcoin Satoshi's Vision (BSV) — a hard fork of Bitcoin Cash (BCH), which itself is a hard fork of the Bitcoin (BTC) protocol, are attempting to revive a 2019 lawsuit against crypto exchange Binance for delisting the altcoin, which the litigants claim stunted the price of BSV.   According to Law360, attorneys for the plaintiffs argued that a July 2024 decision from the UK Competition Appeal Tribunal dismissing the "loss of chance" claim made against Binance for delisting the token, should be reconsidered. The litigants demanded $9 billion in damages, in the original case. The investors continue to claim that Binance's 2019 delisting of BSV and similar major exchange delistings are the primary drivers of BSV's long-term price decline and its failure to attract the investor attention enjoyed by Bitcoin. Read more

Institutional buying is changing Bitcoin market dynamics as large, organized entities gobble up newly mined Bitcoin supply. Strategy, a Bitcoin (BTC) treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju. "Their 555,000 BTC is illiquid with no plans to sell," the analyst wrote in a May 10 X post. "Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders," Ju continued. Michael Saylor, the co-founder of Strategy, is an outspoken Bitcoin advocate who evangelizes the scarce digital currency to potential investors and has inspired many other companies to adopt a Bitcoin treasury plan. Read more

Bitcoin SV (BSV) investors seek to restore a claim in a UK case that would allow them to seek the highest potential penalty against Binance.

Update (May 10 2025): Following a detailed review of Royal Decree 253/2025, the official BOE text, and multiple independent fact‑checks, we determined that an earlier version of this article inaccurately claimed Spaniards must give 24‑hours’ notice to tax authorities before withdrawing more than €3,000 in cash and could face fines of up to €150,000 for non‑compliance. In reality, the reporting duty falls […] The post Spain demands tighter bank oversight, fuels Bitcoin appeal appeared first on CryptoSlate.

Robert Kiyosaki calls on Americans to reject fiat currency and embrace Bitcoin, gold, and silver, warning that central banks are eroding wealth. Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy, urging his followers to abandon what he calls “fake money” and adopt alternatives like Bitcoin, gold, and silver. In a May 10 post on X, Kiyosaki backed a hardline stance against central banking systems, particularly the Federal Reserve, while quoting former US Congressman Ron Paul. Ron Paul, a longtime critic of the Fed and author of End the Fed, described interest rate setting by central banks as “price fixing,” equating it to socialist and Marxist economic control. Read more

BlackRock’s Bitcoin ETF has now posted 19 days of consecutive inflows, the longest inflow streak for the world's asset manager this year. BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year. IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin (BTC) market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1. Read more

Anthony Scaramucci says a “million dollar Bitcoin” will come down to a SWF saying, “Ok, this is part of the infrastructure of the world’s financial services.” Sovereign Wealth Funds are already gaining exposure to Bitcoin, but significant allocations won’t happen until the United States establishes clearer regulations for the digital assets industry, says SkyBridge founder Anthony Scaramucci. “I think they are buying it, I think they are buying it on the margin,” Scaramucci, former White House director of communications during US President Donald Trump’s first term, said on Anthony Pompliano’s podcast on May 8. “I don’t think it is going to be a gigantic groundswell of buying until we greenlight legislation in the United States,” he added. Scaramucci previously said in a February interview with the Financial Times that he expects the US government to propose crypto legislation in November. Read more

Michael Saylor says those “less committed” to Bitcoin took the opportunity to exit the market after Bitcoin’s price surged. Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market. “I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9. Saylor said, “Lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.” Read more

Ark Invest CEO Cathie Wood said the US economy is transitioning out of a prolonged “rolling recession” and entering a new era of productivity-led growth, powered by advances in AI, digital assets, and automation. After nearly three years of sector-specific slowdowns triggered by tighter monetary policy, Wood now sees signs of economic stabilization and renewed […] The post Cathie Wood predicts AI and Bitcoin to drive new phase of US economic growth appeared first on CryptoSlate.

The vice president disclosed holding up to $500,001 in Bitcoin in August 2024, but seems to have taken a back seat to Donald Trump in pushing crypto policies at the White House. US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice president to speak at a digital asset conference. Trump provided a pre-recorded video of himself from the White House to the organizers of the Digital Asset Summit in March — his first appearance at a crypto event since taking office in January — and spoke in person at the Bitcoin 2024 conference in Nashville while campaigning. Read more

Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point. Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. Read more

The crypto market soared past $3.27 trillion as Bitcoin reclaimed $100,000, Ether jumped 26% after the Pectra upgrade and Trump’s UK trade deal fueled bullish sentiment. The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week. Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC sentiment. This marked the third time BTC has broken through six figures since it reached the milestone on Dec. 5, 2024, and again on Jan. 20, ahead of US President Donald Trump’s inauguration.  The BTC rise coincided with Trump announcing a trade deal with the United Kingdom, which may include removing a 10% blanket tariff on all imports. Read more

Metaplanet issued its 14th Series of Ordinary Bonds, raising $21.25 million to fund additional Bitcoin (BTC) purchases as the company deepens its strategic pivot toward digital assets. The bonds were approved at a board meeting on May 9 and fully subscribed by EVO FUND, according to the regulatory filing. The notes will be structured as […] The post Metaplanet issues another $21M in bonds to fuel Bitcoin purchases appeared first on CryptoSlate.

Bitcoin's positive performance in diverse market conditions, strong risk-adjusted returns, and institutional buying pressure could push it past $110,000 in May. Key Takeaways: Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse. Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns. Read more

Some $777 million worth of shorts have been smashed in the last day, with Ethereum doing the most damage as it rises alongside Bitcoin.

Bitcoin is attracting ever more optimistic BTC price targets as a return to six figures is met with acceptance instead of rejection — is $150,000 or more next? Key points: Bitcoin continues to attack a key resistance zone below all-time highs. “Parabolic” BTC price talk begins to resurface as bulls hold six figures after the Wall Street open. Read more

Rumble, the video-sharing platform known for backing alternative media voices, is developing a crypto wallet that could launch by the third quarter of this year. On May 9, Rumble CEO Chris Pavlovski said the wallet will serve as a non-custodial tool tailored for creators. He emphasized the company’s ambition to become a central player in […] The post Rumble non-custodial Bitcoin wallet to launch in Q3 in challenge to Coinbase appeared first on CryptoSlate.

Bitcoin surged past $100,000 on May 8 as institutional investors ramped up ETF inflows, with ARK 21Shares, Fidelity and BlackRock leading the charge. Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats. Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich. “These inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC through regulated instruments,“ he said. Read more

Taiwan legislator Ko Ju-Chun proposed allocating a small percentage of the Taiwanese reserves to Bitcoin as part of the diversified reserve strategy. Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty. Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9. In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience. Read more

Bitcoin reaches a key battleground at $104,000, but bulls are starting to struggle with upside momentum as new all-time highs suddenly come within reach. Key points: Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next. After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants. Read more