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Altcoin ‘wildfire’ inbound as trader shuts down bear market fears

Altcoin ‘wildfire’ inbound as trader shuts down bear market fears

A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms.“I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Mich…

Australian regulator takes former Blockchain Global director to court

Australian regulator takes former Blockchain Global director to court

Australia’s markets regulator has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global. Guo will face the court on “allegations relating to multiple breaches of his directors’ duties,” the Australian Securities and Investments Commission said in a May 28 press …

Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

White House AI and crypto czar David Sacks says the US could buy more Bitcoin if the government can fund the purchase in a “budget-neutral” way without a tax or adding to the growing national debt.Sacks told Gemini co-founders Cameron and Tyler Winklevoss during a May 27 fireside chat at the Bitcoin…

Metaplanet issues $50M in new debt to buy more Bitcoin

Metaplanet issues $50M in new debt to buy more Bitcoin

Japanese investment firm Metaplanet is raising $50 million through a private placement of zero-interest bonds as part of its ongoing strategy to increase its Bitcoin exposure. In a May 28 announcement, the company that it was raising $50 million through bonds. The bonds are issued in $1.25 million d…

Bitcoin’s ‘aggressive leg higher’ in Q3 still up in the air: Analyst

Bitcoin’s ‘aggressive leg higher’ in Q3 still up in the air: Analyst

Bitcoin’s recent all-time high of $111,970 has sparked optimism among crypto market participants, but whether that carries through into the third quarter of this year remains uncertain, analysts say.“The coming weeks will likely determine whether Bitcoinʼs latest breakout was a local high or the pre…

Rep. Steil urges restraint on adding ‘non-germane items’ to crypto bills

Rep. Steil urges restraint on adding ‘non-germane items’ to crypto bills

US Representative Bryan Steil wants lawmakers to stop adding “non-germane items” into two key crypto bills, claiming that doing so is slowing the implementation of a regulatory framework for the industry.“Individuals, when they see legislation that’s going to move forward, want to attach non-germane…

Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report

Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report

Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services.According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secure…

Selling Bitcoin is like playing in a 'bad house-rate casino' — Adam Back

Selling Bitcoin is like playing in a 'bad house-rate casino' — Adam Back

Selling Bitcoin is like “playing in a really bad house-rate casino,” according to Adam Back, CEO of Blockstream and one of Bitcoin’s earliest adopters. In a recent interview with Bitcoin financial services firm Unchained, Back said the odds are stacked against traders trying to time the market.Back …

Growing BTC reserve requires Congressional legislation — VanEck exec

Growing BTC reserve requires Congressional legislation — VanEck exec

Building a permanent US strategic Bitcoin reserve would likely require targeted legislation rather than executive action, according to VanEck’s head of digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Vegas, Sigel said the most viable path forward may involve inserting Bitcoin mining i…

Here’s what happened in crypto today

Here’s what happened in crypto today

Today in crypto, Trump Media confirmed a capital raise to buy Bitcoin after denying reports, Circle announced its initial public offering on the New York Stock Exchange and Bitcoin bull Michael Saylor advised against proof-of-reserves.Trump Media Group reverses stance, confirms $2.5B Bitcoin capital…

Ramaswami's Strive raises $750M for 'alpha-generating' Bitcoin buy strategy

Ramaswami's Strive raises $750M for 'alpha-generating' Bitcoin buy strategy

Strive, an asset manager founded by American entrepreneur and politician Vivek Ramaswamy, has announced a $750 million raise to establish “alpha-generating” strategies through Bitcoin-related purchases. According to a May 27 announcement, the strategies will include buying undervalued biotech compan…

Trump Media Group reverses stance, confirms $2.5B Bitcoin capital raise

Trump Media Group reverses stance, confirms $2.5B Bitcoin capital raise

Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, confirmed a $2.5 billion capital raise to purchase Bitcoin after denying earlier reports of the deal.According to a May 27 announcement from the …