Author: dfmines

As trade war headlines faded into the background last week, markets exhaled—and bitcoin broke above $97,000. Meanwhile, Token2049 Dubai offered both spectacle and substance. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin and Token2049 Dubai Bitcoin […]

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.BSV has been in a long-term price decline and has failed to capture investor attention. Source: TradingViewIf the coalition of BSV investors manages to push through their legal argument and win in court, they could seek up to 10 billion British pounds (GBP), or roughly $13 billion, in damages from the exchange.The price of BSV surged by approximately 15% following the news and is currently trading at around $42. However, the altcoin remains in a long-term downtrend and has failed to capture the vast majority of the economic or computing power from the Bitcoin network.Related: Nike sued for $5 million over its shutdown of NFT platform RTFKTBinance delists BSV due to founder Craig Wright’s behaviorBinance delisted BSV in April 2019 after announcing that the token failed to meet its listing standards due to the actions of BSV creator Craig Wright, who is infamous in the crypto world for falsely asserting that he is Bitcoin creator Satoshi Nakamoto.Former CEO of the Binance exchange, Changpeng Zhao warned BSV of an impending delisting if Wright continued to make the claims that he was Bitcoin’s pseudonymous creator.Since that time, BSV has suffered several 51% attacks, a type of exploit where malicious nodes control a majority of the computing power on the network and can double-spend funds — removing one of the core mechanisms that make digital currencies valuable.Magazine: This is your brain on crypto: Substance abuse grows among crypto traders

Bill Miller IV, chief investment officer at Miller Value Partners, told CNBC that cryptocurrency governance is rapidly evolving. He added that bitcoin has once again crossed the six-figure threshold and, in his view, still “has a lot of room to go.” Miller Calls Bitcoin a Check on Fiat Abuse, Hints at $20T Potential During the […]

With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship crypto’s journey to new all-time highs (ATHs). The analyst predicted BTC could rally to as high as $188,000 by the sixth month.  The Roadmap For Bitcoin’s ‘Flight Plan’ To $188,000 In an X post, Leo Hart outlined Bitcoin’s “flight to the moon” plan for the next six months, during which he expects the flagship crypto to rally to $188,000. For stage one, which he dubbed the ‘Maximum Power Law Trend Departure,’ the analyst stated that the target is $108,000, and predicts that BTC will reach this price level in the next two weeks.  Related Reading: Bitcoin Price To $150,000: BTC Is Mirroring Bullish Fractal From 2020 He further explained that this Bitcoin price level is 36 days from the first quarter point in his mathematical calculation. The analyst also highlighted the green rectangle near the Power Law Trend in his accompanying chart, which shows the maximum deviation from the PLT.  For the second stage, ‘Maximum Absolute Wave Height’ (MAWH), Leo Hart stated that Bitcoin’s target at this stage is $145,500, and the timeline is two months. This means that BTC can reach this target by July, which would mark a new ATH for the flagship crypto. The analyst noted that this price target is the peak, represented by the horizontal tangent to the upper boundary in the chart. The third stage is the Red Zone Entry Point (RZEP), and the target is $188,000. Bitcoin is expected to reach this price level in the next four months. However, the analyst didn’t explain why BTC can hit this price level.  Meanwhile, he also mentioned a fourth stage called ‘Zero Gravity and Re-entry.’ He explained that beyond stage 3, market participants will enter a zero-gravity phase with unknown parameters, followed by the descent from orbit, hinting at a potential price crash.  BTC’s Journey To A New ATH Has Begun Crypto analyst Rekt Capital indicated that Bitcoin’s journey to a new all-time high has begun. In an X post, he noted that BTC has rejected from the $104,500 level, which was part of his initial theory on how the flagship crypto could reach a new ATH.  Related Reading: Bitcoin Price Flashes Signal That Has Led To A Surge Every Time Following this rejection, the analyst predicts that the next step is for Bitcoin to hold the $97,000 to $99,000 range as support. Once that happens, he expects the flagship crypto to break out to new ATHs. His accompanying chart suggested that BTC could rally to $110,000 in the short term. Crypto analyst Titan of Crypto also confirmed that the $135,000 target is still in play for 2025.  At the time of writing, the Bitcoin price is trading at around $103,400, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Based on the most recent data, tokenized U.S. Treasury bonds continue their upward trajectory, notching a 6% gain since May 2, 2025. Tokenized Treasuries—$6.89B and Climbing Last Friday, May 2, the cumulative worth of tokenized Treasuries hit $6.5 billion—a historical milestone. In just one week, this figure grew by 6%, expanding to $6.89 billion and […]

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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.The total BTC supply is shrinking due to Strategy accumulating Bitcoin. Source: Ki Young JuAdditionally, Strategy acts as a bridge between Bitcoin and traditional financial (TradFi) markets by funneling funds from TradFi investors into Bitcoin through selling corporate debt and equity, which the company uses to finance more BTC purchases. According to Michael Saylor, over 13,000 institutions hold Strategy stock directly in their portfolios.Bitcoin investors continue to watch the company and its effect on Bitcoin market dynamics. Strategy leads the charge toward institutional adoption of Bitcoin, further restricting the supply of available coins and raising BTC prices, while dampening volatility.Related: Bitcoin yet to hit $150K because outsiders are ghosting — Michael SaylorStrategy and corporate institutions change the Bitcoin market dynamicAdam Livingston, author of “The Bitcoin Age and The Great Harvest.” recently said that Strategy is synthetically halving Bitcoin by outpacing miner supply through high demand.According to the author, the current collective daily miner output is approximately 450 BTC, while Strategy accumulates an average of 2,087 BTC per day — over 4 times the daily miner production.Miner reserves are dwindling and are in a long-term decline. Source: CryptoQuantOther institutions including hedge funds, pension funds, asset managers, and tech companies continue buying BTC as a portfolio diversifier or a treasury asset to hedge against fiat currency inflation.ETF inflows have also helped to stabilize Bitcoin’s price by injecting fresh capital from traditional financial markets, smoothing out the volatility of Bitcoin and making downturns less severe.However, the most august institutional players — sovereign wealth funds — will not ramp up Bitcoin purchases until clear cryptocurrency regulations are established in the United States, according to SkyBridge founder Anthony Scaramucci.Once a comprehensive regulatory framework emerges in the US, it will trigger large blocks of Bitcoin purchases by sovereign wealth funds, increasing Bitcoin’s price, Scaramucci added.Magazine: Bitcoin vs. the quantum computer threat: Timeline and solutions (2025–2035)

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