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Swiss National Bank President Dismisses Calls to Hold Bitcoin As Reserve Asset
Despite mounting pressure from the local crypto industry, the Swiss National Bank President has dismissed holding Bitcoin reserves as a hedge against the current macroeconomic uncertainty, citing concerns over cryptocurrency market volatility and liquidity.
Swiss National Chairman Slams Bitcoin Reserve Push
Swiss National Chairman Martin Schlegel has ruled out holding Bitcoin as part of Switzerland’s central bank reserves as he believes “cryptocurrency cannot currently fulfil the requirements
CryptoQuant CEO to Discard Cycle Theory If Bitcoin Price Breaks All-Time High in 2025
CryptoQuant CEO Ki Young Ju will throw more weight behind a “perambulls” if Bitcoin (BTC) price breaks a new all-time high in Q4 2025. The crypto analyst previously made bold projections on the asset’s cycle movement amid stunning macro trends. At the time of writing, Bitcoin and other assets have experienced a significant price recovery, pushing the total market cap back above the red zone for short-term holders.
Bitcoin and Ethereum Institutional Funds Record Fresh Losses, Experts Project Recovery
Bitcoin (BTC) and Ethereum (ETH) institutional funds experienced outflows over the last seven days, following consecutive weeks in the red zone. The slow recovery led to wider price growth and increased institutional inflows, as bulls signaled further upward momentum. Macroeconomic indicators in the United States have shaped the market since President Donald Trump’s inauguration, posing a new dilemma for crypto holders.
Michael Saylor’s Strategy Scoops Up More Bitcoin for $1.42 Billion, Pushing Holdings to 553,555 BTC
Led by Executive Chairman Michael Saylor, Strategy has again added to its massive Bitcoin (BTC) stack. Strategy purchased 15,355 Bitcoin last week, padding its corporate coffers by over $1.4 billion.
According to a regulatory filing with the U.S. Securities and Exchange Commission on Monday, the company purchased 15,355 BTC for $1.42 billion between April 21 and April 27. This latest Bitcoin average purchase price was $92,737, increasing Micro
Monero Price Jumps Double Digits Due to Massive $330 Million Bitcoin Theft
Privacy-centric coin Monero (XMR) soared as much as 50% on Monday, and on-chain investigators have pointed to a theft event as the likely culprit.
Early on Monday, on-chain sleuth ZachXBT flagged a “suspicious transfer” of 3,520 BTC (worth approximately $330.7 million) made from a potential victim’s wallet.
Soon after, the loot was laundered through over six exchanges and converted to Monero to obscure the activity. ZachXBT believes this was theft due to the high fees paid and the suspicious a
Payments Giant Stripe Is Gearing Up to Make a Big Splash in the Booming Stablecoin Market
Stripe, a global payments platform, is building a new US dollar stablecoin product for companies outside the United States, the United Kingdom, and Europe.
The product will be built using Bridge, the stablecoin payments platform Stripe acquired in October 2024 for $1.1 billion.
Stripe Preparing To Test A New Stablecoin Product
Stripe CEO Patrick Collison announced in a X post that the company has been planning a stablecoin payments product for nearly 10 years and is now opening it up to pilo
Bitcoin Recovers Strongly Above $90,000 As Stocks, Bonds Remain Turbulent
Bitcoin is trading above the $94,000 price level at the time of press, following a bullish 24 hours overall. The largest cryptocurrency by market capitalization has shown a strong footing over the last 72 hours, even as the stock market and the traditionally stable bond market continue to exhibit erratic patterns.
Bitcoin’s latest bull move has propelled the major digital currency’s total market capitalization above $1.87 trillion, and a 11.6% spike in weekly trading volume has been witnessed.
Bitcoin Exchange Reserves Hit Seven-Year Low, Institutional Adoption Soars: Fidelity
Digital asset holders are moving funds off centralized exchanges as the long-term price estimate spikes. Bitcoin (BTC) has experienced a significant upward trend over the last decade and is expected to continue rising due to heightened demand. These positive signals, alongside on-chain data, have fueled a new exodus from centralized exchanges.
Michael Saylor Predicts BlackRock’s IBIT Will Be the World’s Biggest ETF in the Next Decade
Michael Saylor, the Executive Chairman of the world’s largest Bitcoin corporate holder Strategy, has predicted that in the next ten years, BlackRock’s iShares Bitcoin Trust (IBIT), which launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs, will become the largest ETF in the world.
BlackRock’s Bitcoin ETF Accounts For Nearly 3% Of Entire BTC Supply
It might be pocket change when considering BlackRock currently boasts trillions of dollars in assets under management, but it has
Swiss National Bank Rejects Bitcoin Reserve, Maintains Conservative Strategy
Swiss National Bank (SNB) President Martin Schlegel has rejected holding Bitcoin reserves, citing market liquidity and volatility as reasons for doing so. Schlegel concedes that Bitcoin can have a high level of liquidity at times, but during crises, this liquidity can become less stable. Schlegel further states that Bitcoin is well known for its volatility, experiencing wild swings in market prices, which prevents the digital asset from being used to preserve long-term value. Schlegel concluded
North Korean Hackers Used American Shell Companies to Hack Crypto Developers
North Korean hackers have set up businesses in the United States, exposing clients to their websites and infecting their computers with crypto-stealing malware. The fake companies were registered under business names and even had rental properties associated with their registration. Three businesses have been identified, including Blocknovas, Softglide, and Angeloper Agency.
This forms a sophisticated attack that incorporates elements of social engineering to lure potential targets into spreadi
Cathie Wood’s Ark Invest Raises Bullish Bitcoin Forecast to $2.4 Million By 2030
Cathie Wood’s billion-dollar investment manager Ark Invest has upped its bull-case Bitcoin price target to as high as $2.4 million by the end of this decade, up from a previous projection of $1.5 million, driven mainly by institutional investors and Bitcoin’s growing acceptance as “digital gold.”
2030 Bitcoin Bull Case
In an April 24 report, Ark Research analyst David Puell wrote that the January 2024 bull case price projection for Bitcoin was around $1.5 million. But using the company’s lates
Strategy Imitator Semler Scientific Expands Bitcoin Holdings to Over 3,300 With Latest $10 Millio...
It’s not just MicroStrategy with its $51 billion in Bitcoin: Even smaller, Nasdaq-listed companies are bullish when it comes to stockpiling the premier cryptocurrency.
Semler Scientific purchased an additional 111 Bitcoin, pushing its total holdings to 1,873 BTC as the Santa Clara, California-based healthcare tech firm continues to expand its Bitcoin treasury.
Semler Scientific Now Holds $313M Worth Of BTC On Its Balance Sheet
Semler Scientific paid an average of $90,124 per BTC in its latest
Ethereum Will Become Extinct Within the Next Decade, Cardano Founder Hoskinson Makes Chilling Pro...
The BlackBerry era is over. Once a high-flying tech giant that played a key role in the mobile device revolution, BlackBerry failed to innovate in a rapidly evolving consumer technology market and eventually failed spectacularly.
Now, Cardano creator Charles Hoskinson warns that Ethereum could be next to fail. Hoskinson believes the world’s second-largest crypto will not survive over the next 10 to 15 years as users migrate to other blockchains and design flaws persist.
Movement of 7+ Year Old Bitcoins Surges 121% As BTC Soars
A massive wave of long-dormant Bitcoin is stirring, with on-chain data showing a 121% increase in the movement of BTC aged over seven years in the first quarter of 2025.
According to blockchain analytics firm CryptoQuant, approximately 62,800 BTC that had remained untouched for over seven years were transferred between January and March, compared to just 28,000 BTC during the same period in 2024.
Notably, this activity, which excludes the highly publicized 141,000 BTC linked to the Mt. Gox est
Cardano Eyes 354% Climb With a Triangle Pattern Breakout Gaining Steam
Amid a 25.75% increase in daily trading volume, a bullish picture is being painted continuously in the Cardano (ADA) network.
As a result, market analyst Javon Marks believes that the ninth-largest cryptocurrency is gearing up for a parabolic rally.
Marks pointed out, “ADA (Cardano) currently has a breakout target in-between $2.70 – $2.91 and with prices coming off of key volume as well as looking to be in a bull flag here, another major leg up towards the reaching of these levels can be comin
Federal Reserve Reverses Debanking Policies, Banks May No Longer Need Approval to Engage in Crypt...
The Federal Reserve has reversed its 2022 Supervisory Letter, which had required banks to give advance notice before engaging in any cryptocurrency activities. This follows many regulatory bodies in the United States, which are taking a different stance on crypto investment and freeing up capital to invest in crypto innovations. The Fed cited evolving changes in risk assessment and financial innovations, with banks at the forefront of these new developments, and a changing supply chain influence
El Salvador Plans to Establish Cross-Border Crypto Regulatory Sandbox With the U.S
The Securities and Exchange Commission (SEC) had a meeting with top officials from El Salvador to discuss cross-border regulatory collaboration. Representatives from Goldman Sachs and Perkins Law Firm joined the meeting. El Salvador has been in the news recently regarding US deportations and immigration. The news of a meeting between US and El Salvador officials is positive and symbolises a pro-crypto approach by the SEC.
The SEC wants to oversee El Salvador’s tokenization projects, such as tho
ZKsync Hacker Returns Stolen $5 Million Tokens, Receives Bounty in Return
The hacker, who exploited the Ethereum-based ZKsync blockchain for $5 million, has returned the funds as part of a bounty deal. Under the terms of the agreement, they were required to return the stolen funds within 72 hours and would not be pursued as hackers, but instead would be rewarded as bounty hunters. The ZKsync team said they were happy to announce that the hacker had cooperated and returned the funds within the allotted time frame. ZKsync was able to recover, through their negotiation e
Metaplanet Hits Major Milestone: Over 5,000 BTC Accumulated Amid Strategic Bitcoin Treasury Expan...
Japanese investment firm Metaplanet has reached a major milestone in its Bitcoin accumulation strategy, hitting the halfway mark in its goal to hold 10,000 coins by the end of 2025.
Metaplanet Crosses 5K Mark After Latest Buy
The Tokyo-listed firm now holds 5,000 BTC, worth approximately $460 million at current market prices.
“We have reached 50% of our initial goal of 10,000 BTC by the end of 2025,” Metaplanet CEO Simon Gerovich posted on the X platform. “This is a big step forward in our ai