News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take Bitcoin hit a new all-time high near $110,000 on Wednesday, rebounding sharply from its April lows below $75,000, and tracking a broader risk asset recovery. An American tourist, Jacob Irwin-Cline, claims a fake Uber driver stole $123,000 in bitcoin and XRP from him after a night out in Soho.
Quick Take The previous all-time high for Bitcoin was $109,358, set back in January as President Donald Trump assumed office. Analysts recently declared a “hold in May and stay” mantra for the market, saying 2025 will differ from prior summer lulls.
Quick Take BlackRock’s U.S. spot bitcoin ETF has climbed into the top five ETFs by year-to-date flows, according to Bloomberg ETF analyst Eric Balchunas. IBIT is up to nearly $9 billion worth of net inflows in 2025, having gone “Full Pac-Man” with a $6.5 billion inflow spree during the past month, Balchunas said.
Quick Take Santori said the firm’s SOL treasury strategy lets the firm maneuver in ways that a “simple, passive” fund cannot, offering potential reasoning behind the firm’s aggressive solana accumulation pivot earlier this year.
Quick Take Texas lawmakers passed a bill on Wednesday that allows for the creation of a strategic Bitcoin reserve. Supporter of the bill, Texas Blockchain Council’s founder and President Lee Bratcher, told The Block he expects Governor Greg Abbott will sign the bill. Bratcher estimates the state will initially invest tens of millions of dollars in Bitcoin.
Quick Take Johnson is now the fourth and final commissioner over the past few days to announce they plan to leave the agency. Vacancies will need to be filled at the agency, which is done by the president and confirmed by the Senate.
Quick Take World, formerly knowns as Worldcoin, raised $135 million through a WLD token sale. Participants in the fundraise include Andreessen Horowitz and Bain Capital Crypto. World plans to bolster its United States expansion as well as grow the World Network through the token sale.
- 03:06Tether CEO: If Listed, Company Valuation Will Reach $515 Billion, Aiming to Become a Major Hedge Against InstabilityAccording to a report by Jinse Finance, Tether CEO Paolo Ardoino retweeted on the X platform, stating that if Tether were to go public, the company's market value would reach $515 billion, making it the 19th largest company globally, surpassing Costco and Coca-Cola. Although the numbers are impressive, considering the current Bitcoin and gold reserves (which are still increasing), it might be a bit pessimistic. However, Tether aims to remain humble and is very excited about the company's next phase of development. Tether's goal is to serve as a large-scale hedging tool against social instability, which is why the company's ERP (Equity Risk Premium) is negative. Paolo Ardoino added that Tether is not just a stablecoin, but the technology being created is a true game-changer in the medium to long term. For instance, future AI agents will no longer use bank accounts, emails, or centralized instant messaging, nor rely on cloud providers, but will use Bitcoin and stablecoins (USDt, XAUt) to communicate through real-time encrypted multi-signature channels.
- 03:06DWF Labs Purchases 7 Tokens Totaling $6.43 Million in One Month, Currently Facing a 13% Unrealized LossAccording to on-chain analyst Ember's monitoring, since DWF Labs announced its secondary market token purchase wallet a month ago, it has withdrawn 7 types of tokens from centralized exchanges, with a total expenditure of $6.43 million. Currently, six projects are at a floating loss and one at a floating gain, with a combined floating loss of $850,000 (-13%). These tokens include: 51.15 million JST ($1.89 million, average price $0.037), 5 million MANTA ($1.54 million, average price $0.309), 4.73 million YGG ($1.02 million, average price $0.216), 137 million IOST ($480,000, average price $0.0035), 21.28 million IOTX ($440,000, average price $0.021), 3 million SIREN ($540,000, average price $0.18), 3.5 million PHA ($480,000, average price $0.139).
- 03:05Aave Founder: V4 to Introduce More Risk Management Features, New Staking Module Umbrella Already Showing ResultsStani Kulechov, the founder of Aave, stated on the X platform that the impact of the new Aave staking module Umbrella is already evident. The Aave protocol is transitioning from using AAVE as the ultimate excess debt support to generating additional yield through aTokens provided by users staking via Umbrella. Additionally, the Aave DAO can configure a predefined coverage amount for each staking pool, serving as the first line of defense for stakers' funds, achieving a balance by allowing both users and the Aave DAO to mitigate protocol risk without slashing any AAVE. Aave V4 will introduce more risk management features, and compared to other protocols that focus on taking risks and increasing tail risks, the community will still prioritize user safety.