AUSTRALIAN SENATOR RENNICK CALLS BITCOIN A “PONZI,” DRAWS BACKLASH
Australian Senator Gerard Rennick has labeled Bitcoin a “Ponzi scheme,” claiming “you can’t eat it,” triggering strong backlash from the crypto community defending BTC’s utility and store-of-value status.
WALL STREET FUNDS STACKING BITCOIN THROUGH BLACKROCK & FIDELITY ETFS
Top institutional players like Jane Street, Millennium, and Goldman Sachs are loading up on Bitcoin via BlackRock’s IBIT and Fidelity’s FBTC, which now collectively hold $91 billion in BTC.
18% OF ETHIOPIA’S ELECTRICITY REVENUE NOW COMES FROM BITCOIN MINING
Ethiopia is emerging as a surprising player in the global crypto landscape, with Bitcoin mining now accounting for 18% of the nation’s electricity revenue, highlighting the growing economic role of BTC in energy markets.
All top 10 trending Solana coins on DEXScreener were launched through PumpFun, highlighting the platform’s explosive influence.
The surge marks a decisive shift in meme coin dynamics, as PumpFun outpaces rival launchpads and asserts dominance in Solana’s permissionless token landscape.
BITCOIN SURGES TO $112K, THEN COOLS ON TARIFF FEARS
Bitcoin kicked off the week with a 9% rally to $112K, before retreating to $107K following Trump’s new U.S. tariff threat on the EU.
Macro investor Raoul Pal remains bullish, predicting BTC could reach $140K by July, a potential 30% climb in just six weeks.
Meanwhile, altcoins are heating up. Worldcoin ($WLD) soared 50% after VC giants Andreessen Horowitz and Bain Capital poured in $135M, before stabilizing at $1.45.
BITWISE PROJECTS $400B INSTITUTIONAL BTC INFLOWS BY 2026
Bitwise Research forecasts that institutional investors could inject $400 billion into Bitcoin by 2026, driven by growing adoption and ETF accessibility.
The projection signals rising confidence in BTC as a strategic asset class for large capital allocators.
FIDELITY: BITCOIN’S BULL MARKET TO REDEFINE ITS ROLE IN MODERN PORTFOLIOS
Fidelity reports that Bitcoin’s bull market, driven by record ETF inflows and rising institutional adoption, is set to redefine its role in modern investment portfolios.
The firm highlights a 50% surge in hashrate and a 63% rise in Realized Cap as indicators of growing investor confidence.
Tesla’s Bitcoin holdings have surpassed $1.2 billion, reaffirming the company’s long-term commitment to crypto as part of its corporate treasury strategy.