Author: dfmines

The Bitcoin bull market looks to be back following BTC’s surge above $100,000. With market participants again accumulating following this recent rally, crypto pundit Ardizor has revealed when to sell everything to avoid roundtripping on gains made in this bull market.  When To Sell Everything In This Bitcoin Bull Market In an X post, Ardizor stated that he will sell nearly everything in this bull market when BTC’s “Profitability Index” rises above 300% and crypto becomes more popular on TikTok or Instagram, and when market participants think they are the “smartest.” He further outlined three other events that could mark the top and act as a clue to sell everything.  Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 The first is when crypto exchange Coinbase becomes the number one on the app store for two months, and every taxi driver starts speaking crypto. The other two clues are when the BTC Coin Days Destroyed (CDD) metric rises above 300 million and when old friends are inquiring about whether they should buy crypto now.  He asserted that the Bitcoin bull market will reach its peak when these things begin to happen. Until then, Ardizor revealed that he will be accumulating more coins daily. The pundit also told crypto community members that he would announce publicly when it was time to sell everything.  In another X post, Ardizor provided insights into how investors should allocate their capital in this Bitcoin bull market. He stated that 40% should be invested in BTC, 20% in ETH, 10% in “quality alts,” 5% in high-potential meme coins, 15% working capital, and 20% in USDT to buy dips.   Market participants are actively accumulating more coins with the Bitcoin bull market in play following BTC’s rally above $100,000. Crypto analyst Ali Martinez cited Glassnode’s data while revealing that $35 billion has flowed into the crypto market in the past three weeks.  A Possible Top For BTC In This Market Cycle Market experts have provided the price targets that could mark the BTC top in this Bitcoin bull market. Veteran trader Peter Brandt stated that the leading crypto is on target to reach the bull market cycle top in the $125,000 to $150,000 level by August or September this year. Once that happens, he predicts that a 50% correction will follow.  Related Reading: Analyst Predicts Bitcoin Price Surge To $120,000 And Then A 50% Crash To $60,000, Here’s When Crypto analyst CrediBULL Crypto also reaffirmed that his target for this Bitcoin market cycle is $150,000. However, he also raised the possibility of BTC reaching $200,000 based on Jim Cramer’s statement that the leading crypto cannot achieve that target in this bull run. Standard Chartered has also predicted that $200,000 is achievable for BTC by year-end.  At the time of writing, the Bitcoin price is trading at around $103,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a year earlier, as the Bitcoin miner pivots from mining to high-performance computing for artificial intelligence applications. The miner posted $67 million in sales for the quarter ended March 31, up 33% from the year prior. However, gross profit margin for Bitfarm’s mining operations declined to 43% from 63% year-over-year, the company said in its first quarter earnings release. The lower margins reflect pressure from Bitcoin’s (BTC) April 2024 “halving” as well as volatility in Bitcoin’s price. Halvings occur every four years and cut the number of BTC mined per block in half, reducing Bitcoin miners’ profitability. In the first quarter of 2025, Bitcoin’s spot price swung from more than $100,000 in January to less than $80,000 in March, according to data from Google Finance. The cryptocurrency trades at more than $103,000 per coin as of March 14. Bitfarms’ quarterly operating performance. Source: BitfarmsRelated: Bitcoin mining stocks down after Microsoft scraps data center plansPivot to AIBitfarms has responded to the changing market conditions by investing in high-performance computing (HPC). It has also expanded its US presence as a hedge against looming trade wars.“During the quarter, we executed across several key areas in our strategic pivot to the U.S. and HPC,” Bitfarms CEO Ben Gagnon said in a statement.“The mining business now provides a stable, low-capex and free cash flow foundation for the Company that positions us very well to grow and develop our U.S. assets into HPC/AI data centers while still capitalizing on any potential Bitcoin upside in 2025 and 2026,” he added.Miners are “diversifying into AI data-center hosting as a way to expand revenue and repurpose existing infrastructure for high-performance computing,” Coin Metrics said in a March report.The computer hardware and electrical power supplies required for Bitcoin mining are also useful for applications requiring high-performance computing, including AI use cases.In March, AI computing provider CoreWeave raised $1.5 billion in an initial public offering that valued the company at roughly $20 billion, reflecting strong demand among investors for companies servicing AI applications. CoreWeave’s earnings for the past quarter are scheduled for May 14. In April, Bitfarms secured a $300 million line of credit from investment bank Macquarie to finance the expansion of an HPC facility in Pennsylvania. In January, the company sold a Bitcoin mining facility in Paraguay to Hive Digital, another miner, for $85 million.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

GnosisDAO acquired financial platform HQ.xyz for $15 million, rebranding it as Gnosis HQ to expand enterprise-focused Web3 financial tools, the company announced this week. GnosisDAO Acquires HQ.xyz for $15M The acquisition positions Gnosis HQ as a dedicated platform for crypto-native and traditional businesses seeking self-custodial payment solutions. It will offer a Visa corporate card accepted […]

Adrienne Harris, the head of the New York State Department of Financial Services (NYDFS), said New York has an “outsized role to play” in the crypto ecosystem, particularly in shaping regulatory frameworks for digital assets. During a panel on May 14 at Consensus 2025 in Toronto, she said the NY estate is frequently asked to provide guidance on regulators. “With respect to federal regulation and legislation […] members of Congress are often coming to us [NYDFS] asking about our process, about our regulations, about guidance, how they should be thinking about legislation,” Harris said.Interview with Adrienne Harris (pictured left). Source: CointelegraphAccording to Harris, the NYDFS was “unnecessarily tough” and lacked resources in the past. Now, under her purview, she said the NYDFS is “tough but fair,” noting that the digital currency oversight team has since doubled in size.Harris took over as superintendent of the NYDFS in September 2021 after spending time working in the educational, nonprofit, and private sectors. In New York State, crypto businesses must either obtain a BitLicense or a limited-purpose trust charter.“We’ve added nine pieces of regulatory guidance, so it’s still very tough to get a BitLicense or a limited-purpose trust charter,” Harris said. “But I think […] the proof is in the pudding when you see that FTX, Voyager, Celsius, didn’t pass our test and therefore couldn’t do business.”All three of those crypto companies went bankrupt in 2022. The result was a widespread contagion in the industry and years-long legal proceedings. FTX’s founder, Sam Bankman-Fried, and Celsius Network’s Alex Mashinsky were sentenced to 25 and 12 years in prison, respectively. Voyager’s founder, Steven Ehrlich, is facing legal charges for allegedly misleading customers.Related: NYC Mayor doubles down on crypto push ahead of city summitHarris ‘hopeful’ for stablecoin legislationStablecoin legislation has been a topic at the forefront of many crypto industry advocates in 2025. Recently considered a bipartisan endeavor, it devolved into a dispute on May 8 when Democrats withdrew support for the GENIUS Act over concerns about President Trump’s crypto ventures.Still, Harris remains “hopeful” Congress will eventually pass stablecoin legislation. We’ve been working with Congress on all the variations of their crypto and stablecoin legislation now over the last three years almost.According to Harris, all recent legislation tied to stablecoin regulation has been reviewed by New York officials. “There isn’t a version of any of those bills, be it House or Senate, R’s or D’s, that don’t come to meet to the team to say, give us your feedback, give us your technical assistance, your insights here,” she said, adding that most of these suggestions have been incorporated into legislations.The NYDFS, according to Harrus, still wants to be “a state path for crypto companies.” Magazine: Bitcoin payments are being undermined by centralized stablecoins

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Crypto founders headed to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to Coinbase CEO Brian Armstrong. In a May 14 X post from the US Capitol rotunda, Armstrong said as many as “60 [crypto] founders” had gathered in DC to support the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, being considered in the Senate and a draft of the market structure bill moving through the House of Representatives. The Coinbase CEO said the Senate could consider another vote on the GENIUS Act “hopefully tomorrow” after it failed to get enough support from Democrats on May 8.“Like any good negotiation, there’s a lot of details to work out at the last minute, but we’ve been stressing the urgency of this,” said Armstrong.Coinbase CEO in Washington, DC on May 14. Source: Brian ArmstrongMany Democratic lawmakers have said they will not support any crypto-related legislation without a specific carve-out for US President Donald Trump profiting from his digital asset ventures, such as his TRUMP memecoin and his family-backed company World Liberty Financial. A Democratic staffer told Cointelegraph that there had been no indication that Republicans intended to address these concerns, while a person familiar with the matter said doing so would be unconstitutional.The Senate resumed consideration of the motion to proceed to consideration of the GENIUS Act on May 12, suggesting another vote in a matter of days. Cointelegraph reached out to Coinbase for comment but had not received a response at the time of publication.Related: What are the next steps for the US stablecoin bill?Is bipartisan support for crypto possible under a Trump presidency?Republicans currently hold a slim majority in the Senate and House and will likely require Democratic support for the stablecoin and market structure bills to pass. Before the 2024 election, some Democrats voted with Republicans for crypto legislation offering clarity on regulations.Should the GENIUS bill’s sponsor and co-sponsors try to move forward with a vote without any changes, it’s unclear whether they would have enough support to clear a 60-vote majority and avoid a filibuster, which could delay or block the bill.“Despite the politics around the TRUMP memecoin and crypto investments — that has definitely made our work more complicated — I still argue that behind the scenes, you’ve got constructive members in both sides of the Capitol and in both political parties working to find consensus,” said Representative French Hill at the Consensus conference in Toronto on May 14.Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Cryptocurrencies, precious metals, and equities all slipped today after an energetic rally that carried markets higher over the past week and a half. Signs of fatigue are emerging, with momentum stalling across several asset classes. Meanwhile, bitcoin dropped to a mid-day low of $102,622. Markets Begin to Lose Steam BTC touched $102,622 during Wednesday’s mid-day […]

Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal. After weeks of sideways movement and uncertainty, this decisive breakout suggests that momentum is finally shifting in favor of the bulls. While confirmation from volume and follow-through price action is still needed, the technical outlook is becoming increasingly optimistic. Solana Ichimoku Breakout And Momentum Check Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation. Related Reading: Solana At A Crossroads: Consolidation Before The Next Major Surge? So far, momentum indicators are leaning bullish, providing early signs that Solana may be entering a new upward phase. One of the most notable signals comes from the Moving Average Convergence Divergence (MACD), which has recently made a positive crossover. Not only has the MACD line crossed above the signal line, but the two lines have now moved above the zero line. This double confirmation strengthens the signal significantly. When the MACD and signal lines rise above zero, it typically marks the transition from bearish to bullish territory, indicating that momentum is not just shifting but accelerating in favor of the bulls. However, a clear uptick in volume is essential for SOL to sustain and build on this breakout. Volume is what turns a breakout into a trend, and without it, upward momentum can quickly stall. If volume starts to pick up alongside continued price strength, it could ignite the next leg up, potentially pushing Solana toward key resistance levels. Key Levels To Watch Now As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst On the upside, it can be observed that the immediate resistance of $164 has been cleared, with SOL now attempting a move toward the $211 resistance level. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark. Beyond that, $260 remains a major resistance to watch, marking a key round number and prior rejection area. On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Holding above this level is crucial to maintain the current bullish structure. A breakdown below it could drag Solana back to the $148–$118 support range, where buyers previously stepped in. Featured image from Adobe Stock, chart from Tradingview.com