Your day-ahead look for May 28, 2025
Altcoin season is all over Twitter – but is it realy happening? Bitcoin is soaring, but most altcoins are still flat. Top analysts say this is just a twitter-fueled pump with little momentum behind it and retail money has not shown up yet. This “altseason” might just be smoke and mirrors and here is why. …
BlackRock, one of the world’s largest Bitcoin holders, is reportedly participating in a bond raise by crypto-friendly messenger Telegram.Telegram is expected to raise at least $1.5 billion in a bond issue on May 28, with support from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala, The Wall Street Journal reported.As part of the sale, Telegram is offering investors five-year bonds at a 9% yield, the report said, citing sources familiar with the matter.Telegram plans to use the proceeds to buy back remaining debt from bonds issued in 2021, which are due to mature in March 2026.Discounts for potential Telegram IPOApart from existing Telegram bondholders like BlackRock and Mubadala, the sale is also expected to bring new investors, including the US hedge fund firm Citadel.The WSJ report came weeks after Bloomberg first reported on Telegram's bond sale in late April, with sources claiming that the company was holding investor meetings about a bond sale worth about $2 billion to refinance its debut debt offering from 2021.According to the Financial Times, Telegram’s new bond offering will allow investors to buy shares in a potential initial public offering at a 20% discount, mirroring the terms of previous bond sales.This is a developing story; further information will be added as it becomes available.Magazine: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24
GameStop ($GME) has purchased 4,710 Bitcoin, worth approximately $512 million, marking a major investment in cryptocurrency. This move signals the company’s growing interest in digital assets and diversification beyond its traditional retail business. By adding Bitcoin to its portfolio, GameStop joins other major companies embracing crypto as part of their financial strategy. The purchase highlights …
Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in the company’s treasury. Trump Media confirmed that it has secured subscription agreements with approximately 50 institutional investors to facilitate this ambitious endeavor. Related Reading: On The Verge: Strategy’s Recent Purchase Positions Total Bitcoin Holdings Near 600,000 To manage these digital assets, the company will store its Bitcoin with Anchorage Digital and Crypto.com—platforms that recently collaborated with Trump Media to launch its first exchange-traded funds (ETFs). This announcement comes as BTC retraces from its recent record highs, coinciding with the Bitcoin 2025 conference on the Las Vegas Strip, which has highlighted President Donald Trump’s emerging identity as the nation’s first “crypto president.” Despite the excitement surrounding the IPO, Trump Media’s stock remains volatile, experiencing nearly a 30% decline this year. The company currently holds a market capitalization of about $5.3 billion, contrasted with reported revenues of just $3.6 million and a loss of $400 million in 2024. BTC As An ‘Apex Instrument’ Devin Nunes, CEO of Trump Media and former congressman, referred to BTC as an “apex instrument of financial freedom.” He framed this move as a necessary defense against what he described as “systemic discrimination” from financial institutions toward conservative businesses. In addition to this treasury initiative, Trump Media has partnered with Crypto.com to launch a series of ETFs and digital asset products, pending regulatory approval. These funds will include baskets of cryptocurrencies like Bitcoin and Crypto.com’s native token, Cronos (CRO). The offerings will be branded under the Trump Media name and made available to global investors through major brokerage platforms and the Crypto.com app, which boasts over 140 million users. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally The $2.5 billion BTC treasury initiative also follows a broader trend among politically aligned businesses converting their corporate treasuries to Bitcoin-heavy portfolios. Additionally, figures like Jack Mallers are emerging to rival established players, backed by significant investment from Tether and SoftBank. David Bailey, another major player in Trump-linked BTC initiatives, recently led a $710 million merger with KindlyMD, shifting the company’s focus from holistic opioid recovery to a crypto-first strategy. Bailey, a trusted advisor to the Trump administration, described this approach as “Strategy, squared,” emphasizing a commitment to increasing the BTC holdings per share. Featured image from DALL-E, chart from TradingView.com
Telegram is planning to issue $1.5 billion in five-year bonds with a 9% interest rate to repay its 2021 debt. Major investors like BlackRock, Mubadala, and newcomer Citadel are backing the deal. The bonds come with an option for investors to convert them into equity at a discount if Telegram goes public. This move aims …
GameStop's Bitcoin acquisition signals a strategic shift, potentially influencing other retailers to explore cryptocurrency as a treasury asset.
The post GameStop acquires 4,710 Bitcoin in its first-ever BTC purchase appeared first on Crypto Briefing.
Ripple, the blockchain company behind XRP, argued that fungible cryptocurrencies are not securities when transferred in secondary transactions in a recent letter sent to the US Securities and Exchange Commission (SEC).In its May 27 letter, Ripple cited US attorney and crypto law thought leader Lewis Cohen to support its claim. In his widely cited 2022 paper, “The Ineluctable Modality of Securities Law: Why Fungible Crypto Assets Are Not Securities,” he wrote:“[T]here is no current basis in the law relating to ‘investment contracts’ to classify most fungible crypto assets as ‘securities’ when transferred in secondary transactions.”In his paper, Cohen explained that in secondary transactions, an investment contract transaction is generally not present. He further claimed that fungible cryptocurrencies “neither create nor represent the necessary cognizable legal relationship between” a legal entity and the holder that is the “hallmark of a security.”Related: Banking groups ask SEC to drop cybersecurity incident disclosure ruleSEC’s “new paradigm”Ripple also referenced SEC Commissioner Hester Peirce's May 19 “new paradigm” speech. She said she’d been voicing her dissent with the regulator’s approach to crypto, adding:“Having emerged from the crypto dissent years, I am glad to be able speak to you today as the head of the Commission’s Crypto Task Force about a rational and coherent path forward and a new paradigm at the SEC.”Peirce said that the SEC’s “approach to crypto in recent years has evaded sound regulatory practice and must be corrected.” She also said that most cryptocurrencies are not securities, adding:“Most currently existing crypto assets in the market are not [securities]. My supplemental answer is that economic realities matter and non-security crypto assets may be distributed as part of an investment contract, which is a type of security.”Ripple’s long fight with the SECThe SEC had viewed a large portion of digital assets as securities, with the regulator’s former chair, Gary Gensler, stating in 2023 that most of the crypto market falls under the securities bracket. This stance led to a protracted legal battle between the SEC and Ripple.The lawsuit first began at the end of 2020, when the SEC took action against Ripple and its executives, claiming that XRP sales constituted unregistered security offerings. Still, after the government’s stance on crypto changed with the election of current US President Donald Trump, Ripple has mostly won the battle, with the SEC recently dropping its appeal against a ruling favorable to the company.In its recent letter to the SEC, Ripple also cited a ruling in the case noting that “the court held that certain of Ripple’s historical institutional sales of XRP were investment contracts,” while the secondary sales were not. Furthermore, the judge “determined that XRP itself is not a security.”Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set
ZachXBT has strongly denied James Wynn’s claim that a conspiracy group is using his name to launch scam tokens at price peaks. He accused James of repeatedly running similar meme coin scams on his own followers over the years. Back in July 2024, Dylan accused James of getting 2% of the Babypepe token supply and …
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The U.S. Department of Labor reversed earlier guidance discouraging retirement managers from considering cryptocurrency.
Key points:Bitcoin whales are adding to their BTC positions while price ranges below all-time highs.If a new market correction comes, one potential bounce level lies in the mid-$90,000 zone.Hyperliquid trader James Wynn hints at large-volume traders shaping low-timeframe price performance.Bitcoin (BTC) may see support only at $94,000 if a fresh BTC price correction ensues, new analysis says.In its latest X commentary, Keith Alan, co-founder of trading resource Material Indicators, pointed to a Bitcoin bounce zone at the 21-week moving average.Bitcoin whales jump in amid “consolidating” priceBitcoin continues to track sideways within a $5,000 range after hitting all-time highs of $112,000, data from Cointelegraph Markets Pro and TradingView shows.For Alan, the market is giving off positive signals on its future trajectory, with large-volume traders adding to their BTC exposure at current levels.“BTC is consolidating above $100k and whales are accumulating,” he said.An accompanying chart showed increasing buy volume involving the two largest transaction classes typically associated with whale entities. It additionally confirmed $112,000 as the level attracting the highest ask liquidity as of May 27.Bitcoin order book liquidity data with whale activity. Source: Material Indicators/XContinuing, Alan suggested that if sellers temporarily regain control, a downside target could involve a revisit of the 21-week moving average at around $94,000.“We are in a bull market and the trend is up, but there are no straight lines in trading and ‘up only’ is a myth. 7+ Consecutive green candles are rare, and often followed by periods of consolidation or correction,” he wrote, referring to the weekly chart. “If a correction comes, I expect support to hold at the trend line which currently has confluence with the 21-Week Moving Average.”BTC/USD 1-week chart. Source: Cointelegraph/TradingViewEarlier, Cointelegraph reported on a more drastic BTC price correction outlook, which could mean a retracement of the entire rebound that began in April.BTC liquidity games continueMeanwhile, one whale in particular continues to actively broadcast his trades on social media, garnering considerable attention in the process.Related: BTC price seeks $155K ‘trigger’ — 5 things to know in Bitcoin this weekHyperliquid’s James Wynn made headlines by entering various long and short BTC positions involving large amounts of leverage.His moves have become a market signal of their own, with Wynn taking to X to accuse other market participants of attempting to liquidate him by manipulating price action.They FORCED the $BTC price DOWN to $108,700 ???? [‼️MY EXACT LIQUIDATION PRICE‼️] LUCKILY I WAS NOT SLEEPING OR BUSY AS THEY WOULD HAVE SUCCEEDED ???? I INSTANTLY SAW THE RAPID DUMPING AND WAS FORCED TO START SELLING OFF MY POSITION AS FAST AS I COULD TO LOWER MY LIQUIDATION… pic.twitter.com/lT7Sv38BGQ— James Wynn ???? (@JamesWynnReal) May 27, 2025The latest data from monitoring resource HyperDash shows Wynn’s latest 40X leveraged long BTC position at an unrealized loss of $3.4 million as of May 28.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin continues to capture investor attention as it navigates a critical phase in its price cycle. Entrepreneur and well-known Crypto Analyst Lark Davis recently shared his perspective on whether the market is nearing its peak or still has room to run. Bitcoin’s May Performance and Current Price Overview Starting May at approximately $94,146, Bitcoin’s price …
Robert Kiyosaki, the famous author of Rich Dad Poor Dad and a well-known financial educator, has issued a strong warning to investors. In a series of viral posts on X, he predicts a severe economic collapse in the U.S., possibly even worse than the Great Depression. His bold prediction? Bitcoin will climb past $1 million …
Telegram's bond sale success, despite legal challenges, underscores investor confidence in its growth potential and financial resilience.
The post Telegram to raise $1.5B in bond sale, Citadel joins BlackRock in backing the deal: WSJ appeared first on Crypto Briefing.
An Italian tourist’s barefoot dash onto a SoHo sidewalk has cracked open one of the most violent crypto-ransom plots ever seen in New York City. With the surrender of William Duplessie, 32, on Tuesday, police say they have now charged two business partners who allegedly imprisoned and tortured the 28-year-old for 17 days in a […]
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XRP is making noise in the market again, now trading around $2.30. Investors are getting bullish as excitement builds over a potential U.S. spot ETF approval. The market is responding with optimism, seeing the move as a major step toward broader institutional access and legitimacy for the token. Though XRP cleared the securities tag partially, …
The on-chain transaction between Bitcoin and Cardano was facilitated by BitVMX, an interoperability protocol built using the BitVM programming language
While Bitcoin continues to dominate the crypto market and break new records, altcoins seem to be quietly waiting in the shadows. But according to top crypto analysts, that wait might be almost over, and what’s coming next could feel like a massive wave for altcoins. The Calm Before the Altcoin Storm? When markets are quiet, …
Cork Protocol, a DeFi venue for trading depeg events, paused its contracts after exploits withdrew some $12 million in wrapped staked ether.
Coinbase just helped take down a million-dollar global crypto scam, but not without catching some heat of its own. In a major coordinated effort, the crypto exchange worked with U.S. authorities to stop a phishing operation that stole more than $20 million in crypto using fake versions of its own website. This was a polished, …
Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for the altcoin this cycle. This is due to the expectation of another altcoin season that could send the price on a similar run that was seen in 2021. However, if the Dogecoin price were to actually see a repeat of what happened in the past two previous bull cycles, then the $1 mark may only be a starting point, given how high the price could go. Dogecoin Price Mirroring Past Cycles Crypto analyst Trader Tardigrade has noticed an eerily similar pattern on the Dogecoin price chart that could suggest a rapid upward movement is coming. This pattern is similar to what was seen in the last two bullish cycles, right as the meme coin’s price was preparing for lift-off. Related Reading: Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out As the chart shows, this pattern first emerged leading up to the bullish rally in 2017. It starts out a couple of years before as the altcoin’s price makes lower peaks and then trends down for a retest. After this, there is a period of consolidation before the trend is broken and an upward rally begins. In the 2017-2018 bull market, this pattern saw the Dogecoin price rally by more than 2,000%, going from below $0.00018 to above $0.0075 in a matter of months. Then again, in the 2020-2021 bull market, a similar pattern had formed right before the rally, ending in a breakout from consolidation. Interestingly, this time around, the resulting breakout was even more prominent, with the meme coin’s price rising by more than 30,000%. This saw a range from below $0.002 to above $0.73 in a matter of months. This is still the highest level that the Dogecoin price has reached so far. Once again, a similar pattern has emerged, and it looks like Dogecoin is on the brink of the next breakout. Going by the previous cycle performances and the steady uptrend, it is possible that the current breakout will see a higher ROI than previous cycles. But, there are now market cap constraints on how high the meme coin can go. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Nevertheless, even if the Dogecoin price were to manage a similar rise like the 2017-2018 cycle, the price would reach $4 minimum from here. Going by the crypto analyst’s chart, though, he expects the Dogecoin price to actually cross the double-digit threshold, putting it as high as $12. However, given Dogecoin’s high supply sitting above 149 billion coins, the possibilities of this happening this cycle are very slim. A $12 price tag would put the meme coin at a market cap above 1.7 trillion, something that even Ethereum, the second-largest cryptocurrency by market cap, has yet to achieve. Featured image from Dall.E, chart from TradingView.com
Sui-based decentralized exchange Cetus may be one step closer to recovering funds lost in a recent exploit, pending the outcome of a community governance vote scheduled to end June 3.Cetus was exploited for over $220 million worth of digital assets on May 22. Shortly after the incident, Cetus managed to freeze $162 million of the funds.In a May 27 post on X, Sui said Cetus had requested a community vote to approve the recovery of the frozen funds. “If the community vote is approved, the funds will be recovered from the attacker and held in a multisig trust account until they can be returned to accounts that had positions in Cetus,” the post said.The vote is part of a broader recovery plan that includes using Cetus’s treasury and securing an emergency loan from the Sui Foundation. Source: SuiThe ability of Sui validators to freeze the funds has sparked debate within the community, with some users criticizing the centralization risk and others praising the rapid response as a positive step for security.Related: Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claimsSui (SUI) tokenholders can stake their delegated tokens to a validator that votes in line with their preference.Sui community votes for frozen Cetus funds. Source: SuiAt the time of writing, 52.9% of validators had voted in favor, while 46.7% have yet to cast their votes, Sui blockchain explorer data showed. Related: Metaplanet’s Bitcoin ‘premium’ nears $600K per BTCCetus asks for Sui Foundation emergency loanCetus has also requested an emergency loan from Sui, along with validator and community support for the return of the stolen funds.Cetus is now in a position to “fully cover the stolen assets” if the locked funds are recovered through the ongoing community vote.“This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible,” Cetus said in a May 27 X post.Source: CetusRegardless of the vote’s outcome, Cetus said a recovery process would begin immediately. The protocol plans to publish a detailed plan outlining next steps for affected users.Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
The operation to dismantle Matrix Chain saw "many elite officers and soldiers" working around the clock for 200 days.
Texas legislators have moved closer to formalizing a Bitcoin reserve for the state. On May 27, a joint Conference Committee composed of House and Senate lawmakers reached an agreement on the final version of Senate Bill 21 (SB 21), dubbed the Texas Strategic Bitcoin Reserve Act. According to the committee, one of the most significant […]
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Euler has introduced EulerSwap, a new decentralized exchange that fuses automated market-making with lending infrastructure.
Ether is forming an ascending triangle pattern, suggesting a potential rise above $3,000.
The SEC has officially moved forward in reviewing Cboe BZX Exchange’s proposal to list the WisdomTree XRP Fund. This fund aims to track XRP’s spot price using the CME CF Ripple-Dollar Reference Rate. The SEC has entered a new evaluation phase to decide if the fund meets legal standards under the Securities Exchange Act of …
Japanese investment company Metaplanet is raising $50 million through a private placement of zero-interest bonds as part of its strategy to increase its Bitcoin exposure. In a May 28 announcement, the company said it was raising $50 million through bonds. The bonds are issued in $1.25 million denominations and carry no interest. Investors will not receive regular payments, with any potential profit expected to come from the bonds’ redemption value.Evo Fund, a Cayman Islands-based investment firm, will be the sole bondholder. The investment company has been Metaplanet’s primary backer for its Bitcoin acquisition strategy, subscribing to multiple rounds of Metaplanet’s zero-interest bonds, providing capital for its Bitcoin (BTC) buys.The bonds are unsecured and not guaranteed, with neither a bond administrator nor collateral. This reflects the high degree of trust between the two companies. It also shows confidence in BTC’s long-term outlook as Metaplanet continues to increase its holdings. Excerpt of Metaplanet’s announcement to issue zero-interest bonds to buy Bitcoin. Source: MetaplanetMetaplanet expects minimal impact on 2025 resultsMetaplanet said it expects the issuance to have minimal impact on its 2025 financial results, though it will disclose further developments if needed. Metaplanet’s push into Bitcoin highlights a growing trend among companies seeking alternatives to fiat-based treasury strategies. The move follows Metaplanet’s second-biggest BTC purchase, scooping up 1,004 Bitcoin worth over $100 million. This pushed the company’s Bitcoin holdings to 7,800 BTC, worth over $800 million. According to BitcoinTreasuries.NET, Metaplanet is up by nearly 20% on its Bitcoin investments. Metaplanet’s Bitcoin strategy has also given its stock price a boost. On May 27, 10x Research reported that Metaplanet’s stock trades as if its Bitcoin were worth five times its actual price. The research company said investors in the company are “dramatically overpaying for their Bitcoin exposure.”Related: Bitcoin treasury pivot lifts luxury watchmaker’s stock more than 60%Bitcoin Treasury strategy attracts criticismWith the rise of Bitcoin treasury companies’ stock prices, getting Bitcoin exposure through corporate wrappers has attracted criticism from well-known investor Jim Chanos. At the Sohn Investment Conference in New York, Chanos said he’s selling Strategy stock to buy Bitcoin. Chanos’ move assumes investors are overpaying for BTC exposure through Strategy and others that follow the blueprint. The investor’s move assumes that purchasing Bitcoin directly would be more profitable than purchasing stocks for indirect Bitcoin exposure. Magazine: Can Off the Grid survive Steam’s crypto ban? Rage over Maplestory cheaters: Web3 Game
Divergence grows amid mNAV compression and a shift in Strategy's funding approach for bitcoin accumulation