Crypto

Sam Altman model ChatGPT AI just looked at an ugly Bitcoin chart and predicts for a rebound into the $80,000 to $95,000 range by September. With BTC sitting at $61,340 right now, that is a 30% to 55% climb at the exact moment sentiment feels its absolute worst, and that timing is the whole point.The […] The post Nobody Predicts Sam Altman ChatGPT AI Would Say This About Bitcoin appeared first on Cryptonews.

Publicly traded Fold sold Bitcoin holdings to restructure its balance sheet, fueling a stock surge on Wednesday morning.

Bitcoin rose above $62,000 after the latest US inflation report gave traders enough relief to step back from a deeper test of the $60,000 level. The move followed several days of pressure across crypto markets, where investors had been preparing for the possibility that a hotter inflation print would revive rate-hike concerns and push risk […] The post Bitcoin jumps above $62,000 after CPI report gives traders room to defend $60,000 appeared first on CryptoSlate.

CoinShares’ James Butterfill said recent crypto outflows reflect a macro-driven sentiment shock, while other analysts warned Bitcoin’s rebound may remain fragile. Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset investment products in recent weeks. “This is a pure sentiment shock rather than a structural break,” Butterfill said. Read more

Coinbase, Kraken and dYdX are adopting Pyth's new indexes, which provide continuous pricing for US stocks, gold and oil outside market hours. Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes are designed for perpetual futures, tokenized assets, prediction markets, derivatives settlement and exchange-traded product benchmarking, providing continuous reference prices even when traditional financial markets are closed. Read more

The Commodity Futures Trading Commission opened a proposed rule for public comment that sets an approach to determine contracts in the "public interest."

Strategy's BTC Yield fell from 13.0% to 12.8% following its latest bitcoin purchase, prompting a debate on X over whether the purchase was dilutive to shareholders.

Lawmakers have advanced legislation that would ban all cryptocurrency kiosks statewide, with physical removal mandated within 90 days.

Bitcoin may not be as cheap as during the FTX collapse, but Grayscale still sees an opportunity for long-term investors now.

Regular CPI has risen a lot more than Core CPI, given the significant increase in energy costs due to the war.

Bitcoin Cash (BCH) fell 4.1% and NEAR Protocol (NEAR) shed 4.3%, leading the index lower.

The total value locked (TVL) on DeFi fell from $172 billion to $148 billion as the sector logged $635 million in exploit losses across April alone. Coinbase Ventures bought Ethena's ENA token on the open market, Janus Henderson took its own strategic ENA position, and Morpho closed a $175 million round structured entirely around the […] The post Wall Street is buying DeFi tokens again, even as everyone worries the code is unsafe appeared first on CryptoSlate.

Bitcoin’s institutional support weakened as ETFs and companies dumped almost 2,000 BTC daily and Strategy’s buying lost momentum. Bitcoin (BTC) faced renewed risks of a breakdown toward $30,000, according to a new analysis, as institutional demand turned deeply negative. Key takeaways: Capriole Investments’ institutional buying model, which tracks Bitcoin demand from ETFs, corporate treasuries, and miner issuance, shows net institutional selling at around 450% of daily mined supply, equivalent to about 2,000 BTC per day. Read more

Players can now enter World Series of Poker tournaments with SOL or stablecoins, with Solana branding to be prominent at events.

The integration builds on Myriad’s use of the Chainlink Runtime Environment to power its prediction market infrastructure.

Solana trades at $66.61 with daily RSI at 28.42 and MACD accelerating negative. Full technical breakdown — bull, base, and bear scenarios — plus what $60 support means for SOL traders now. The post Solana Price Just Bounced Off $60 With RSI at 28, Is This the Capitulation Bottom or Just a Dead Cat Bounce? appeared first on Cryptonews.

The move marks an integration of blockchain-based payments into a major live sporting and gaming event.

Markets sold off ahead of CPI. Crypto tax bills hit a wall in the House. And Morpho closed one of the biggest DeFi rounds in a long time.

Headline inflation rose an expected 0.5% in May, but the beat on the core rate — which cuts out food and energy costs — is pleasing markets.

Trad.Fi plans to bring up to $650 million in equipment-finance credit onchain, targeting a trillion-dollar US market still dominated by paperwork. US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months.  The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with Cointelegraph. Trad.Fi said the $650 million is not deployed capital but a credit pipeline that will be minted onchain, backed by committed senior credit facilities and signed Letters of Intent from anchor borrowers. The company said it currently has about $85 million in signed term sheets and about $40 million expected to close imminently. Read more