**Crypto News Roundup – May 7, 2025**

The past 24 hours have brought a flurry of bullish signals and key developments in the crypto world. Bernstein analysts forecast that companies could allocate up to **\$330B into Bitcoin treasuries** within five years. **BlackRock's spot BTC ETF** continues its momentum, buying **5,640 BTC** worth over **\$531M**, bringing total inflows to **\$4.6B in 15 days**.

Meanwhile, **Binance founder CZ** predicts Bitcoin could reach **\$500K–\$1M** this cycle. **Sol Strategies** invested **\$20M** to purchase **122,524 SOL** at an average of **\$148.96**, showing growing interest in altcoins.

In policy, the **US House Financial Services Committee** released a draft for a new crypto market structure bill. While **Florida's Bitcoin reserve bills failed**, **New Hampshire approved crypto investments** for the state. **Treasury Secretary Bessent** criticized CBDCs as a “sign of weakness.”

Across the pond, the **UK Treasury rejected** the idea of a national Bitcoin reserve. On the tech side, **OpenAI decided to remain a nonprofit**, scrapping plans to go for-profit. Lastly, **Bitcoin outperformed gold and the S\&P 500 last month**, and the **CFTC dropped its appeal** against prediction market Kalshi, signaling a more relaxed regulatory stance.

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