Author: boss

Is $115K BTC Price Realistic?

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Key takeaways: Half of the $6 billion in Bitcoin options open interest is tied to long-shot strategies used for hedging and neutral price strategies. The 9% put (sell) options premium hints that professional traders are worried about a potential Bitcoin price drop. Bitcoin (BTC) bulls have high hopes for the year-end options expiry on Dec. 25, which features $6 billion at stake. The 33% price gain since the $60,130 yearly low on Feb. 6 have played a major role in bringing back bullish expectations. However, the huge amount of call…

US Treasury ‘Privately Demanded’ Binance Comply with Monitoring Deal: Report

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Update (May 7 at 9:47 PM UTC): This article has been updated to include a statement from Binance. The US Department of the Treasury reportedly demanded that Binance follow a monitoring program put in place by a 2023 deal between authorities and the cryptocurrency exchange, following reports that the company facilitated $1 billion to entities tied to Iran. According to a Thursday report by The Information, the Treasury Department “privately demanded” that Binance be in compliance with a monitoring program to which it had agreed after reaching a deal with…

Coinbase Exec Predicts CLARITY Bill Markup in May

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The CLARITY crypto market structure bill could see a markup in the US Senate Banking Committee as early as next week, according to Kara Calvert, the vice president of US policy at crypto exchange Coinbase. “My prediction is that we have a markup next week,” Calvert told the audience at the Consensus 2026 crypto industry conference in Miami, Florida. She said that the bill needs at least 60 votes to pass in the Senate and that the CLARITY bill needs bipartisan support to become law. She said: “That means you need…

Analyst Sets $220,000 Minimum Price Target For Bitcoin, But How Will It Get There?

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A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins its parabolic move. Bitcoin’s Roadmap To A $220,000 Price Target Market analyst Crypto Tice has announced that Bitcoin has completed a Cup and Handle pattern that had been forming for years. In an X  post,…

Bitcoin Exchange Reserves See $8B Outflow: Will BTC Rally Higher?

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Bitcoin (BTC) reserves on major crypto exchanges have dropped to their lowest level since 2023, with nearly 100,000 BTC withdrawn from Binance, OKX and Gemini in less than three months. The outflows coincided with stronger demand from accumulator addresses, as the cohorts’ holdings have increased by 60.5% over the past two weeks.  Bitcoin exchange reserves fall to two-year low Crypto analyst Amr Taha noted that Bitcoin reserves on Binance, OKX and Gemini have declined sharply since February. Binance recorded the largest drawdown, with reserves dropping to nearly 620,000 BTC on…

JPMorgan Says Strategy Could Buy Up To $30B In Bitcoin This Year– TD Cowen Lifts Target To $395

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Strategy—formerly known as MicroStrategy—could meaningfully accelerate its Bitcoin-buying pace this year, according to analysts at JPMorgan.  The firm, led by well-known Bitcoin bull Michael Saylor, is already one of the largest publicly traded Bitcoin treasury companies, and JPMorgan believes its next move may be a larger, faster round of acquisitions. Strategy Could Outpace Past Bitcoin Buying Strategy currently holds more than 818,000 Bitcoin, according to BitcoinTreasuries.net. Purchases have been active throughout 2026: the company reportedly added over 145,000 BTC in just five months, which is estimated at roughly $11 billion. …

Crypto PACs Spend $7.2M to Support Candidates in 5 US States with Midterms Looming

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Political action committees (PACs) affiliated with the cryptocurrency company-backed Fairshake reported spending millions of dollars to support candidates in five races, with less than six months until US voters decide on their representatives in Congress. According to filings with the Federal Election Commission this week, the Protect Progress PAC reported about a combined $1.6 million in expenditures for Jasmine Clark and Christian Menefee, Democrats running to represent Georgia’s 13th Congressional district and Texas’ 18th district, respectively.  The reported media buys came before Clark will face a May 19 Democratic primary…

This New Move Just Opened XRP To 44 Million New Users

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XRP has entered a new chapter in Japan’s payments market after Rakuten Wallet connected the token to Rakuten Pay and Rakuten Cash, giving millions of everyday users a route to interact with the cryptocurrency through an ecosystem they already use. The development is one of the most talked-about XRP adoption stories of the year, among many others. Crypto commentator Dr. Kamilah Stevenson relayed a message for investors fixated on XRP’s price chart: they are watching the wrong screen, while the XRP ecosystem is quietly being opened to 44 million new…

Fund Managers Boost BTC Exposure as Crypto Sentiment Rebounds: CoinShares

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Fund managers are warming back up to digital assets, with Bitcoin continuing to dominate allocation preferences even as broader crypto sentiment improves, according to a new survey by CoinShares. The April survey gathered responses from 26 institutional investors overseeing a combined $1.3 trillion in assets under management. Allocations to digital assets remain relatively modest, at around 1%, reflecting what CoinShares described as “typical entry sizing” in the current de-risking environment. “Bitcoin remains the digital asset with the most compelling growth outlook,” CoinShares head of research James Butterfill wrote in the…

Adam Back says bitcoin is winning the DeFi war

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Blockstream CEO Adam Back told Consensus Miami 2026 that bitcoin is winning a security war against DeFi, and that pension funds and sovereign entities are the next buyers. Summary Adam Back argued at Consensus Miami that Bitcoin’s simpler architecture is pulling institutional capital away from DeFi platforms hit by repeated smart contract exploits. He outlined Bitcoin adoption in three waves: retail ownership, spot ETF access, and now institutional allocation through managed portfolios and sovereign entities. Back estimated roughly 200 bitcoin treasury companies exist globally and said BlackRock model portfolio allocations…