Category: News

Tether Makes $459M Bitcoin Purchase as Twenty One Capital Eyes Top 3 Spot
In a significant move that coincides with Bitcoin’s recent surge toward $105,000, Tether has acquired 4,812 BTC worth $459 million, marking its largest direct Bitcoin investment to date. The purchase, revealed in a May 13 SEC filing, positions Twenty One Capital to become one of the top corporate Bitcoin holders globally.

Strategic Bitcoin Acquisition Details

The purchase was executed at an average price of $95,319 per Bitcoin on May 9, with the assets being placed in a dedicated escrow wallet for Twenty One Capital. This strategic move comes as Twenty One Capital progresses toward its SPAC merger with Cantor Equity Partners, signaling growing institutional confidence in Bitcoin as a treasury asset.

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Corporate Holdings Analysis

Following this acquisition, Twenty One Capital’s total Bitcoin holdings have reached 36,312 BTC, positioning it to become the third-largest corporate Bitcoin holder. The current leadership board includes:
- Strategy (formerly MicroStrategy): 568,840 BTC
- Marathon Digital: 48,237 BTC
- Twenty One Capital: 36,312 BTC (post-acquisition)
Institutional Backing and Investment Structure

The venture has attracted significant institutional support:
- SoftBank: $900 million commitment
- Bitfinex: Converting 7,000 BTC to equity
- Cantor Fitzgerald: $585 million SPAC backing
- Tether: $459 million direct Bitcoin investment
Market Impact and Trading Analysis

The announcement has triggered notable market movements, with Twenty One’s future stock (XXI) showing significant volatility:
- Initial price: $10.65
- Peak reached: $59.73 (May 2)
- Current trading: $29.84
- After-hours gain: +5.2%
Investment Strategy and Future Outlook

Twenty One Capital’s unique approach focuses on Bitcoin accumulation rather than traditional profit metrics. The company’s strategy aligns with growing institutional interest in Bitcoin as a treasury asset, particularly as the asset continues testing new price levels.

FAQ Section

What is Twenty One Capital’s total Bitcoin holdings after Tether’s investment?

After Tether’s investment, Twenty One Capital holds 36,312 BTC, making it the third-largest corporate Bitcoin holder.

How does Twenty One Capital’s investment strategy differ from traditional companies?

Unlike traditional companies that focus on earnings per share, Twenty One Capital prioritizes growing Bitcoin per share, with all raised capital directed toward BTC acquisition.

What are the key risks for investors?

The main risks include Bitcoin price volatility, regulatory uncertainties surrounding the SPAC approval process, and the absence of traditional revenue streams to offset potential market downturns.

As the crypto market continues to evolve, Twenty One Capital’s ambitious positioning and Tether’s significant investment could signal a new era of institutional Bitcoin adoption, potentially influencing both corporate treasury strategies and crypto market dynamics in the coming months.
May 14, 2025
Bitcoin Core OP_RETURN Debate Sparks Node Control Discussion
A heated debate over Bitcoin Core’s proposed OP_RETURN limit removal has ignited crucial discussions about node control and network governance. The controversy, which has surpassed even the intensity of the historic blocksize wars, centers on fundamental questions of Bitcoin’s permissionless nature and individual node operator rights.

Key Points in the OP_RETURN Debate

Bitcoin developer Shinobi has stepped forward to address mounting criticism over Bitcoin Core’s recent proposal, emphasizing several critical aspects:
- Node operators maintain full control over their implementations
- Bitcoin Core cannot force changes on network participants
- The OP_RETURN limit removal acknowledges existing network realities
- Current relay filters prove ineffective against determined users
Technical Implementation and Network Effects

The core of the debate revolves around technical implementations that affect network behavior:
- Datacarriersize configurations
- LibreRelay operations
- Private miner APIs and mempool access
- Transaction relay mechanisms
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Impact on Bitcoin’s Future Development

This debate highlights several crucial aspects of Bitcoin’s development process:
- The role of individual node operators in network governance
- Limitations of centralized protocol control
- Balance between network efficiency and user freedom
- Future implications for protocol-level changes
Frequently Asked Questions

What is OP_RETURN?

OP_RETURN is a Bitcoin script operation that allows users to embed small amounts of data in transactions.

How does this affect regular Bitcoin users?

Regular users won’t see immediate changes, but the debate impacts future protocol development and network governance.

Can Bitcoin Core force changes on my node?

No, node operators maintain full control over their implementation and must actively choose to adopt any changes.

As Bitcoin continues to evolve, debates like this underscore the importance of understanding network governance and individual responsibility in maintaining Bitcoin’s decentralized nature. The outcome of this discussion could set important precedents for future protocol-level decisions.
May 14, 2025
Samourai Wallet Defense Demands Brady Rule Hearing Over FinCEN Evidence

In a significant development for cryptocurrency privacy rights, the defense team in the Samourai Wallet case has formally requested a hearing regarding the prosecution’s delayed disclosure of critical FinCEN evidence. The case, which has broad implications for non-custodial wallet providers, centers on whether Samourai Wallet constitutes a money transmitting business under federal law.

Key Evidence Withheld for Nearly a Year

According to court documents filed Monday with the Southern District of New York (SDNY), prosecutors withheld crucial information from an August 2023 call where FinCEN officials stated that Samourai Wallet should not be classified as a money service business due to its non-custodial nature. This information, which could exonerate the defendants, was only revealed in April 2025.

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Defense Arguments and Legal Implications

The defense team argues that this delayed disclosure violates the Brady rule, which requires prosecutors to share exculpatory evidence promptly. They emphasize that the FinCEN officials’ interpretation directly supports the defendants’ public statements about their compliance with regulations.

Broader Impact on Crypto Privacy

This case has significant implications for the cryptocurrency industry, particularly regarding privacy tools and non-custodial services. The defense noted that two U.S. Senators have already protested the charges, and recent Department of Justice guidance suggests a shift away from targeting virtual currency mixing services.

FAQ Section

What is the Brady Rule?

The Brady Rule requires prosecutors to disclose materially exculpatory evidence in the government’s possession to the defense.

Why is this case significant for crypto?

It could set precedent for how non-custodial cryptocurrency services are regulated and whether they require money transmitter licenses.

What happens next?

The court will decide whether to grant the hearing request to examine the circumstances of the delayed evidence disclosure.

May 14, 2025
UK Bitcoin HODL Rate Hits 51%: CoinCorner Study Shows Strong Accumulation
A groundbreaking study from UK-based exchange CoinCorner reveals a remarkable trend in British Bitcoin investment behavior, with 51% of users having never sold their Bitcoin holdings. This data comes as Bitcoin continues testing the $105,000 level, suggesting growing conviction among UK investors.

Key Findings from the CoinCorner Report

The 2024 UK Customer Report, analyzing data from 2,000 users, demonstrates a clear pattern of strategic accumulation:
- Average buy amount: £412 per transaction
- Average sell amount: £5,513 (10x higher than buys)
- 86% of all transactions were purchases
- 88% of customers made multiple Bitcoin purchases
- 51% have consistently bought for over three years
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Demographics Challenge Crypto Stereotypes

The study reveals surprising demographic insights:
- 56% of users are aged 35-54
- 86% are male investors
- IT professionals hold the largest Bitcoin positions
- Retirees show highest transaction volumes
Regional Distribution and Investment Patterns

London emerges as the epicenter of UK Bitcoin adoption, leading in both user count and transaction volume. The study attributes this to higher average savings rates in the capital region.

Profitability and Investment Success

The report highlights impressive returns for long-term holders:
- 97% of users in profit by end of 2024
- 56% hold under £1,000 in Bitcoin
- Strategic selling aligned with market peaks
FAQ Section

Why are UK investors holding Bitcoin long-term?

The data suggests UK investors view Bitcoin as a store of value rather than a speculative asset, with most users making regular small purchases while holding for extended periods.

What’s the average Bitcoin investment in the UK?

The typical transaction size is £412, though 56% of users maintain total positions under £1,000, indicating a preference for gradual accumulation.

How profitable has Bitcoin holding been for UK investors?

According to CoinCorner’s data, 97% of users who exclusively used their platform for Bitcoin trading were in profit by the end of 2024.

This comprehensive analysis of UK Bitcoin investment behavior signals a maturing market where investors increasingly treat Bitcoin as a long-term store of value rather than a speculative trading vehicle. The high percentage of users who have never sold their holdings, combined with consistent buying patterns, suggests growing confidence in Bitcoin’s role within the UK financial landscape.
May 14, 2025
Bitcoin Targets $135K by June as Market Indicators Signal Strong Rally
Bitcoin continues to show remarkable strength above $100,000, with multiple technical and fundamental indicators suggesting a potential surge to $135,000 by June 2025. Recent analysis shows institutional buying has intensified as US inflation data creates a favorable macro environment.

Key Market Indicators Point to Extended Rally

Several critical metrics are aligning to support Bitcoin’s bullish outlook:
- CBOE Volatility Index (VIX) has dropped to 20, indicating market stability
- US-China trade tensions easing with revised tariff agreements
- US CPI inflation rate at 2.3% YOY – lowest since February 2021
- Bitcoin Bull Score Index surged from 20 to 80, historically preceding major rallies
- Fear-greed index at 53.3%, showing room for growth before overheating
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Institutional Adoption Accelerates

Corporate Bitcoin accumulation continues to strengthen:
- Strategy has accumulated over 550,000 BTC
- Semler Scientific added 1,510 BTC in 2025, total holdings now 3,808 BTC
- Twenty One Capital holds 36,312 BTC after recent $458.7M purchase
Expert Analysis and Price Targets

Market analysts remain overwhelmingly bullish on Bitcoin’s near-term prospects. Former President Trump’s recent comments at the Saudi-US investment forum added further momentum, predicting significant market growth ahead.

FAQ

What is driving Bitcoin’s current rally?

A combination of decreasing market volatility, improving macro conditions, and strong institutional adoption are primary drivers.

When could Bitcoin reach $135K?

Based on current trajectories and technical indicators, analysts project reaching $135K by June 2025.

Is this rally sustainable?

While indicators are bullish, investors should maintain proper risk management and avoid overleveraging their positions.
May 14, 2025
Bitcoin Crocs V3 Launch: Limited 2,100 Pairs Hit Market as BTC Hits $105K
In a unique fusion of cryptocurrency culture and fashion, Bitcoin Magazine has unveiled its highly anticipated V3 Bitcoin Crocs collection, coinciding with Bitcoin’s impressive rally to $105K. Limited to just 2,100 pairs—a number symbolically chosen to reflect Bitcoin’s maximum supply—this exclusive release represents a growing trend in crypto-branded merchandise targeting mainstream adoption.

Key Features of the Bitcoin Crocs V3 Collection
- Striking orange base color with black Bitcoin logos
- Custom Bitcoin Magazine Jibbitz™ charm
- Limited edition run of 2,100 pairs
- Exclusive distribution through Bitcoin Magazine Store
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Strategic Partnership Impact

Michael Markle, Bitcoin Magazine Store Product Owner, emphasizes the strategic importance of this launch: ‘Cross-brand partnerships like this are key to introducing Bitcoin to new audiences. Working with household names like Crocs allows us to promote Bitcoin adoption in a fun, accessible way.’

Marketing and Distribution Strategy

The collaboration between Bitcoin Magazine and Collect and Hodl Co. targets both cryptocurrency enthusiasts and fashion-conscious consumers. The launch strategy includes:
- Exclusive distribution through Bitcoin Magazine Store
- Social media campaign across major platforms
- Limited availability to drive demand
- Strategic timing with Bitcoin’s market performance
Frequently Asked Questions

When will the Bitcoin Crocs V3 be available?

The collection launched on Wednesday, May 14, 2025, exclusively through the Bitcoin Magazine Store.

How many pairs are available?

Only 2,100 pairs will be produced, mirroring Bitcoin’s 21 million maximum supply.

Can I pay with cryptocurrency?

Yes, Bitcoin and other major cryptocurrencies are accepted as payment methods.

Mark Mason, Bitcoin Magazine’s International Publisher and Head of Products, outlines the broader vision: ‘Our core mission statement is hyperbitcoinization, fostering Bitcoin adoption across the board. We want to serve the Bitcoin community and look forward to launching future product offerings by partnering with more household names.’

Looking to secure your pair? Visit the Bitcoin Magazine Store while supplies last.
May 14, 2025
XRP Price Surges to $2.57: Market Cap Soars as Bulls Take Control
XRP’s impressive rally continues as the digital asset reached $2.57 today, marking another significant milestone in its recent bullish trend. The cryptocurrency’s market capitalization has swelled to $150.38 billion, solidifying its position as one of the top performers in the digital asset space.

XRP Price Analysis: Key Metrics and Trading Activity

In the past 24 hours, XRP has demonstrated strong momentum with:
- Trading range: $2.52 – $2.63
- Current price: $2.54 – $2.57
- 24-hour trading volume: $5.6 billion
- Market capitalization: $150.38 billion
This price action follows recent bullish momentum that pushed XRP above the crucial $2.50 level, suggesting strong buyer interest in the asset.

Technical Indicators and Market Sentiment

While the 1-hour chart shows signs of bullish exhaustion, broader market indicators remain positive. The substantial trading volume of $5.6 billion indicates robust market participation and liquidity.

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Key Support and Resistance Levels

Current technical analysis identifies:
- Immediate resistance: $2.63 (intraday high)
- Key support: $2.52 (intraday low)
- Secondary support: $2.50 (psychological level)
Market Impact and Future Outlook

The current price action aligns with broader market sentiment, as analysts project potential further gains towards the $3.57 level. However, traders should remain cautious of potential short-term exhaustion signals.

FAQ

What’s driving XRP’s current price rally?

The rally is supported by increased trading volume, broader market momentum, and strong institutional interest in the digital asset space.

What are the key resistance levels to watch?

The immediate resistance lies at $2.63, with the next significant level at $2.70.

Is the current XRP price sustainable?

While technical indicators show some exhaustion, the strong trading volume and market cap suggest substantial support at current levels.
May 14, 2025
Ethereum MVRV Shows Critical $3,100 Resistance as Bulls Eye Breakout

Ethereum (ETH) continues to demonstrate remarkable strength, trading firmly above $2,600 after a powerful surge in buying pressure. This price action marks a decisive shift in market momentum, with bulls reclaiming control after months of bearish sentiment. The second-largest cryptocurrency has established several key support levels, suggesting potential for further upside.

As noted in recent analysis showing ETH targeting $2,850, Ethereum’s technical structure appears increasingly bullish. The latest MVRV (Market Value to Realized Value) data from Glassnode highlights a critical resistance zone at $3,100, which could determine the next major move.

MVRV Pricing Bands Signal Key Price Levels

According to respected analyst Ali Martinez’s examination of Ethereum’s MVRV Extreme Deviation Pricing Bands, the $3,100 level represents significant overhead resistance. This metric, which measures the ratio between market cap and realized cap, has historically provided reliable signals for potential price reversals and continuation patterns.

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Technical Analysis and Price Targets

ETH currently trades at $2,604, having surged nearly 100% from its April lows. The daily chart shows ETH approaching the critical 200-day SMA at $2,702.60, coinciding with February’s local highs. A breakthrough above this zone could catalyze momentum toward the $3,100 MVRV resistance.

Support Levels and Risk Management

Key support now rests at $2,233, with additional backing from the 200-day EMA at $2,435.66. These levels should be watched closely for potential pullbacks. The recent rally’s strength suggests bulls remain in control, but traders should monitor volume and momentum indicators for signs of weakening.

FAQ

Q: What is the significance of the $3,100 MVRV resistance?
A: This level represents a key psychological and technical barrier where selling pressure historically increases, potentially capping price advances.

Q: How reliable are MVRV pricing bands as indicators?
A: MVRV bands have shown historical accuracy in identifying major trend reversals and continuation patterns, though they should be used alongside other indicators.

Q: What could trigger a breakthrough above $3,100?
A: Sustained institutional buying, improved market sentiment, or positive regulatory developments could provide the momentum needed for a breakout.

May 14, 2025
Bitcoin ETF Quantum Risk: BlackRock Flags Security Concerns in $64B IBIT
BlackRock, the world’s largest asset manager, has added quantum computing risks to its $64 billion iShares Bitcoin Trust (IBIT) regulatory filing, marking the first time this potential threat has been acknowledged in Bitcoin ETF documentation. This development comes as Bitcoin tests the $105,000 level amid strong institutional interest.

Key Takeaways:
- BlackRock’s IBIT filing now includes quantum computing as a potential security risk
- The fund holds approximately $64 billion in net assets
- Recent quantum computing breakthroughs by Google and Microsoft sparked the update
- ETF inflows remain strong at $41 billion despite security concerns
Understanding the Quantum Threat

According to BlackRock’s May 9 regulatory filing, quantum computers could potentially compromise Bitcoin’s cryptographic security by decrypting private keys. This theoretical vulnerability has gained attention following recent technological breakthroughs:
- Google’s Willow chip demonstration
- Microsoft’s Majorana 1 quantum scaling solution
- Potential vulnerability of elliptic-curve signatures to Shor’s algorithm
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Impact on Lost Bitcoin Recovery

A fascinating angle emerged when Tether CEO Paolo Ardoino suggested quantum computing could potentially recover approximately 3.7 million lost Bitcoin, valued at $350 billion. However, experts emphasize that practical quantum threats remain years away, as current quantum computers are still in the error-prone NISQ era.

Market Response and ETF Performance

Despite the quantum computing concerns, Bitcoin ETFs continue to see record inflows:
- $41 billion in net inflows since January launch
- New weekly inflow record of $40 billion on May 8
- Strong institutional confidence despite security considerations
Future Security Measures

The crypto industry is already preparing for potential quantum threats through:
- Development of post-quantum signature schemes
- Implementation of quantum-resistant algorithms
- Ongoing research into blockchain security enhancements
FAQ Section

How soon could quantum computers threaten Bitcoin?

Experts suggest practical quantum threats are at least several years away, as current quantum computers are not yet capable of breaking Bitcoin’s 256-bit encryption.

What happens to lost Bitcoin if quantum computing succeeds?

Theoretically, quantum computers could recover approximately 3.7 million lost Bitcoin by decrypting old private keys, though this remains a distant possibility.

How are Bitcoin ETFs performing despite these concerns?

Bitcoin ETFs continue to see strong inflows, with over $41 billion in net inflows since January, suggesting investors remain confident despite potential future risks.
May 14, 2025
JPMorgan’s Kinexys Pioneers Cross-Chain DvP Settlement with Chainlink
In a groundbreaking development for institutional blockchain adoption, JPMorgan’s blockchain unit Kinexys has successfully completed the first cross-chain Delivery versus Payment (DvP) transaction in collaboration with Chainlink and Ondo Finance. This milestone achievement, demonstrated on Ondo Chain’s testnet, represents a significant step toward bridging traditional banking infrastructure with digital asset markets.

Key Highlights of the Cross-Chain DvP Implementation
- First-ever cross-chain DvP settlement involving tokenized U.S. Treasuries
- Integration of JPMorgan’s permissioned infrastructure with public blockchain networks
- Utilization of Chainlink’s oracle technology for secure cross-chain communication
- Settlement of Ondo Finance’s tokenized U.S. Treasuries Fund (OUSG)
This development comes at a crucial time, as major institutions are increasingly embracing tokenized treasury solutions, demonstrating growing confidence in blockchain technology for traditional asset management.

Technical Implementation and Security Features

The DvP settlement mechanism employs advanced blockchain interoperability protocols to ensure secure and atomic transactions between different networks. This infrastructure allows for:
- Simultaneous exchange of assets and payments
- Real-time settlement verification
- Reduced counterparty risk
- Enhanced transparency in transaction processing
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Market Impact and Future Implications

This breakthrough in cross-chain settlement technology could revolutionize how traditional financial institutions interact with digital assets, potentially leading to:
- Increased institutional adoption of blockchain technology
- Enhanced efficiency in cross-border transactions
- Reduced settlement times and costs
- Greater integration between traditional and digital finance
Frequently Asked Questions

What is Delivery versus Payment (DvP)?

DvP is a settlement mechanism that ensures the simultaneous transfer of securities and payment, reducing counterparty risk in financial transactions.

How does this affect institutional adoption of blockchain technology?

This development provides a secure framework for institutions to integrate traditional banking infrastructure with blockchain networks, potentially accelerating adoption.

What role does Chainlink play in this implementation?

Chainlink provides the oracle infrastructure necessary for secure cross-chain communication and verification of transaction data.
May 14, 2025