IMF says El Salvador to make ‘efforts’ to stop Bitcoin buys with $120M payments deal
The International Monetary Fund said it has reached an agreement with El Salvador to pay the country $120 million following an initial review of its $1.4 billion loan agreement struck last year. The IMF said on May 27 that as part of the deal, El Salvador will need to fulfill its prior obligations around limiting […]
Jack Dorsey’s Block to bring Bitcoin payments to Square by 2026
Jack Dorsey’s financial services firm Block, Inc. will launch Bitcoin payments on Square, its payments processing arm, with a rollout to begin later this year before a full launch in 2026. The company announced the plan at the Bitcoin 2025 conference in Las Vegas on May 27, where Block demonstrated the feature at the BTC […]
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 prelude to a more aggressive leg higher in Q3,” Bitfinex […]
Ethereum price target shifts to $3K after SharpLink adopts ETH ‘treasury strategy’
Key takeaways: SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. Nasdaq-listed SharpLink Gaming (SBET) announced a $425 million private investment in […]
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 incentives into the congressional budget reconciliation process. According to Sigel, the […]
Trump supports bill to buy 1 million BTC — Senator Lummis
US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Lummis said she is bringing the BITCOIN ACT to […]
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 came to this conclusion in the early […]
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 secured a facility worth over $100 million as part of […]
Bitcoin price held up by corporate adoption and ‘inflation hedge’ narratives
Key takeaways: Institutional investor demand and corporate adoption may push Bitcoin higher despite recession fears. Investors’ belief that the US Federal Reserve will hold rates favors Bitcoin price upside. Stock markets around the world responded positively to the temporary suspension of import tariffs between the United States and the European Union, with the S&P 500 […]
Bitcoin price held up by corporate adoption and ‘inflation hedge’ narratives
Key takeaways: Institutional investor demand and corporate adoption may push Bitcoin higher despite recession fears. Investors’ belief that the US Federal Reserve will hold rates favors Bitcoin price upside. Stock markets around the world responded positively to the temporary suspension of import tariffs between the United States and the European Union, with the S&P 500 […]
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 (BTC) after denying earlier reports of the deal. According to a May 27 announcement from the company, the capital raise comprises a […]
BlackRock in-house portfolio boosts IBIT Bitcoin ETF exposure by 25%
BlackRock’s in-house portfolio has been quietly accumulating shares of its Bitcoin exchange-traded fund (ETF), underscoring the asset manager’s growing commitment to the cryptocurrency as part of a broader diversification strategy. As of March 31, 2025, the BlackRock Strategic Income Opportunities Portfolio held 2,123,592 shares of the company’s iShares Bitcoin Trust (IBIT), valued at $99.4 million, […]