Author: James Wilson

MicroStrategy sharply increased its capital-raising target and 2025 bitcoin acquisition goals in its earnings report, prompting a bullish revision from analysts at H.C. Wainwright. In a research note dated May 2, analyst Mike Colonnese turned incremenetally bullish on Strategy’s stock with a price target lifted from $480 to $521, citing increased BTC holdings forecasts and strong execution on capital raising. As part its first quarter earnings report on Thursday, Strategy doubled its capital plan to $84 billion through 2027, up from the $42 billion goal announced in late 2024. The new “42/42” plan includes $42 billion in equity and $42…

Binance Coin continued to consolidate at a crucial resistance level as the number of transactions in the network rose. It also wavered as its staking yield and inflows continued rising.  Binance Coin (BNB) price was trading at $600 on Friday, not far removed from its April high of $620.  The coin has several catalysts that may push it higher in the next few weeks. Nansen data shows that it is one of the most active chains in the crypto industry, recording over 31 million transactions in the last seven days. This figure surpasses other popular chains like Ethereum (ETH), Arbitrum…

Bitcoin rewards and payments platform Fold is the first publicly traded company of its kind on the Nasdaq. Bitcoin (BTC) is going more mainstream with each passing week. On Friday, May 2, Fold held an Opening Bell ceremony at the Nasdaq headquarters to celebrate its public listing. Trading under the ticker $FLD, it is the first publicly traded company focused specifically on Bitcoin financial services. “Ringing the bell at Nasdaq is a celebration of the journey from Bitcoin’s edges to the heart of global finance. We’re proud to represent the everyday use of Bitcoin in a market long dominated by…

XRP price could be on the cusp of a strong bullish breakout in the coming days after forming a bullish chart pattern and as whales continue accumulating.  Ripple (XRP) continued to consolidate on Friday, trading at $2.216, up by 36% from its lowest level in April. A potential catalyst for XRP price is the continued accumulation by whales over the past few months. Santiment data shows that wallets holding between 1 million and 10 million coins have increased their holdings from 3.8 billion in November last year to 5.9 billion today, a gain of 2.1 billion. Similarly, the cohort holding…

Tether, the world’s largest stablecoin issuer, is planning to launch a U.S.-based dollar-pegged stablecoin as soon as this year, CEO Paolo Ardoino told CNBC.  The move coincides with his increased lobbying efforts in Washington, D.C., aimed at influencing crypto regulation as pro-crypto sentiment grows under former President Donald Trump’s allies, according to CNBC reporting.  Speaking at the Token2049 conference in Dubai, Ardoino emphasized that the upcoming domestic stablecoin would be separate from Tether’s (USDT) existing international products.  He said the launch could happen by year-end or early 2025, depending on the outcome of pending legislation. Tether’s dance in Washington Ardoino…

The eponymous investor discussed Q1 financial results—including a review of $MSTR, $STRK and $STRF—as well as forward-looking statements no investor should miss. In an earnings call on May 1, Michael Saylor, the CEO and engineer of the wildly successful BTC (BTC) Treasury firm Strategy, stated emphatically that the firm is playing a crucial role in expanding institutional interest. On the call, Saylor began by reiterating BTC’s unique value proposition: “Bitcoin has no counterparty risk,” the investor stated, “No company. No country. No creditor. No currency. No competitor. No culture. Not even chaos.” He added that global adoption has been moving…

StakeStone (STO) price is by over 30% in the past 24 hours, buoyed by spot listing on Binance exchange. STO began trading on Binance spot at 16:00 UTC on May 2 across multiple pairs, including USDT and BNB. According to the official announcement, eligible users who subscribed Binance Coin (BNB) to Simple Earn products—either Flexible or Locked—and On-Chain Yield between April 27 and April 29, will receive STO airdrops as part of the launch incentives. Prior to this, the token was only available on Binance’s Alpha Market, giving early access to select users. Launched in early April through a token…

Bitcoin’s dominance relative to other major cryptocurrencies continues to soar reaching a new 4-year high. Bitcoin’s (BTC) dominance has surged to 64%, a four-year high, signaling its unrivaled strength in the cryptocurrency market. This metric, which measures Bitcoin’s share of the total crypto market capitalization, reflects a growing preference for Bitcoin as a safe haven amid economic uncertainty. As BTC’s price hovers above $96,000, institutional inflows via ETFs and corporate treasury adoption, like Metaplanet’s 5,000 BTC holdings, are fueling this rally. But what does this mean for other major blockchain chains like Ethereum (ETH), Solana (SOL), and Binance Chain (BNB)?…

UK regulators plan to ban retail investors from buying crypto assets with debt, citing financial risk and volatility. The UK is introducing sweeping rules for crypto, including a ban on buying these risky assets with debt. On Friday, May 2, the UK’s Financial Conduct Authority published a new document proposing new rules for crypto assets. The ban would include purchases made with credit cards, e-money, and any other form of debt. According to the regulators, the goal is to protect consumers in the event that these volatile assets decline in value. In addition, retail investors will be barred from engaging…

Crypto exchange Kraken has uncovered an attempted infiltration by a North Korean hacker posing as a software engineering job candidate. The incident began as a routine recruitment effort but quickly raised internal concerns due to multiple behavioral and technical anomalies. First off, the individual joined the interview call under a different name from the one used on their resume. They also occasionally switched between voices, indicating they were receiving real-time coaching during the interview, according to Kraken. To top it off, the candidate accessed systems using a combination of colocated Mac desktops and VPNs, a setup typically used to mask…