Bitcoin (BTC) eyed $77,500 on Friday after US stocks posted fresh record highs on strong tech earnings. Key points: Bitcoin continues a rebound after the monthly close as stocks hit record highs. Strong tech earnings propel the S&P 500 over 7,200 points for the first time in history. PCE inflation data nears its highest levels in three years, prompting speculation about next month’s numbers. Bitcoin creeps higher while S&P 500 makes history Data from TradingView showed near 12% April BTC price gains as risk assets ignored rising US inflation signs.…
Month: May 2026
Bitcoin in April Changed EVERYTHING… The Truth Will Shock You ⚡️📈💥
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Elon Musk Labels Majority of Crypto ‘Scams’ Even as X Pushes Financial News Integration
In the news today, Elon Musk, testifying before an Oakland jury in his civil trial against OpenAI, was questioned about the company’s abandoned 2018 plan to raise capital through a crypto initial coin offering. He stated that ‘some of them have merit, but most of them are scams,’ characterizing the broad crypto market in terms sharper than any prior public statement. At the same timeX also rolled out web Cashtags, a feature that turns BTC, ETH, DOGE, XRP, and major stock tickers into real-time market pages with asset-specific post news…
Senator Tim Scott Signals Imminent Senate Floor Vote on Clarity Act
Senate Banking Committee Chairman Tim Scott declared in a Fox Business News interview on Thursday that the Digital Asset Market Clarity Act, the bipartisan legislation designed to establish statutory regulatory boundaries for digital assets in the United States – is “in the red zone” and approaching a committee markup expected in May 2026, signaling that years of jurisdictional negotiation between the SEC and CFTC may be nearing a legislative resolution contingent on unified Republican support within the Senate Banking Committee. This is not simply a routine scheduling update. It is the…
Bitcoin community launches Bitcoin Beyond 66 AI tool to counter energy concerns
A Nordic Bitcoin education group has released an open-source AI database designed to generate evidence-backed responses to common criticisms about Bitcoin’s environmental impact and energy use. Summary Bitcoin Beyond 66 has launched an AI database that generates evidence-based responses to claims about Bitcoin’s environmental impact and energy use. The tool draws on more than 22 peer-reviewed studies and cites Cambridge research showing over 52% of Bitcoin mining uses renewable energy. Users can input criticism and receive structured replies, with response tones ranging from direct to balanced or soft depending on…
US Debt Nears $39T GDP Mark for First Time Since 1946, Validating Bitcoin
Key Takeaways: U.S. national debt topped 100% of GDP for the first time since 1946, eclipsing the nation’s entire annual economy. Bitcoin’s fixed 21 million supply makes it a direct hedge against debt-driven dollar debasement. Institutional BTC demand has held firm, with spot ETFs recording $14.75M in net inflows on April 30, 2026. US National Debt Tops GDP for First Time Since WWII At nearly $39 trillion, the debt load now eclipses America’s full-year economic output, and there is no credible political path to reversing the trend in the near…
David Schwartz Challenges $10,000 XRP Theory With A Question
Former Ripple CTO David Schwartz pushed back against renewed claims that XRP could reach $10,000, arguing that the market itself already provides a reality check on such extreme price targets. In an exchange on X, Schwartz framed the issue less as a debate over belief and more as a question of rational capital allocation: if sophisticated investors truly saw even a small chance of that outcome, why has XRP not already been priced far higher? Schwartz Pushes Back on XRP Moonshot Claims The discussion began after an X user asked…
$300/month in #bitcoin Mining
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Bakkt Finishes Acquisition of Stablecoin Infrastructure Firm
Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to create a digital settlement layer. Bakkt CEO Akshay Naheta said on Thursday that the deal aims to combine Bakkt’s institutional infrastructure with DTR’s native artificial intelligence payments engine and stablecoin technology to create a 24/7 digital settlement layer. “The architecture of money movement rarely evolves at this level,” he said. “This transaction accelerates the re-platforming of global financial infrastructure. By fully integrating DTR’s technology, we…
Stablecoins surpass Bitcoin in purchases across Latin America
Latin American users have increased their reliance on stablecoins, with dollar-pegged tokens now accounting for a larger share of crypto purchases than Bitcoin. Summary Stablecoins accounted for 40% of crypto purchases on Bitso in 2025, overtaking Bitcoin at 18% for the first time. Bitso said nearly 10 million users are increasingly using dollar-pegged tokens to store value and send payments in inflation-hit economies. Bitcoin remained in 52% of portfolios in 2025, with Bitso describing it as the region’s primary long term store of value. According to Bitso’s 2025 crypto adoption…