The halt highlights the challenges smaller firms face in emulating large-scale Bitcoin strategies, emphasizing the need for robust capital access.
The post The Bitcoin Society halts plans to build crypto treasury after brutal Q1 appeared first on Crypto Briefing.
Suspending the federal gas tax could offer minor consumer relief but risks underfunding crucial infrastructure projects, impacting long-term growth.
The post Trump proposes temporary suspension of federal gas tax amid rising fuel prices due to Iran war appeared first on Crypto Briefing.
GameStop's failed bid highlights challenges in financing large acquisitions, impacting market confidence and future tech sector consolidation.
The post GameStop’s $56B bid for eBay rejected, market doubts acquisition success appeared first on Crypto Briefing.
Bitcoin’s pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into.
Bitcoin’s recent price behavior has been everything the bulls hoped for, and that may be precisely the problem. Since bottoming out around $63,000 in early April, Bitcoin has posted a sequence of higher highs and higher lows and has now reclaimed $80,000. The structure looks bullish. However, technical analysis shows that Bitcoin has now entered into deceptive territory. Bitcoin’s Uptrend May Be Hiding A Compression Phase Bitcoin’s price action is now forming an interesting but deceptive pattern. The pattern in question is a rising wedge that has been forming on Bitcoin’s daily chart since February. The setup was highlighted by crypto analyst Merlijn The Trader, who described Bitcoin’s current pattern as “the most deceptive pattern in crypto.” His chart places Bitcoin near the upper end of the wedge, with the $84,000 area acting as a key rejection zone. Related Reading: XRP’s Current Predicament Is Only Temporary; These Factors Will Drive It To $18 A rising wedge is formed when price action grinds upward along two converging trendlines, printing higher highs and higher lows in a narrowing channel. The pattern resembles an upward price trend where the market constantly hits higher levels and never falls below prior price lows before bouncing back on the surface. However, a rising wedge is known to resolve more bearishly than bullishly. The chart shared by Merlijn shows Bitcoin pushing upward inside this structure, with the upper wedge boundary sitting around $84,000. That area is the zone where bulls may face their biggest test. That makes the next move around the $80,000 to $84,000 area very important. A clean move above the upper boundary would weaken the bearish wedge argument. A rejection around $84,000, followed by a breakdown under $80,000, would open up the path to lower price levels. Bitcoin Price Chart. Source: @MerlijnTrader On X Crash Below $60,000? The $80,000 price level is now carrying both psychological and technical weight. Bitcoin recently reclaimed this level for the first time in months, helped by improving market sentiment. Merlijn’s chart turns that same level into the breakdown trigger. According to the outlook, a break below $80,000 would confirm weakness inside the wedge and open the way for a move down to $56,000. This does not mean Bitcoin is guaranteed to fall there, but it shows where the bearish projection comes from if the wedge resolves to the downside. Related Reading: Pundit Predicts When The XRP Price Will Rally To $12 At the time of writing, Bitcoin is trading at $80,920 after moving between $79,879 and $81,227 over the past 24 hours. This narrow range shows that buyers are still active around the $80,000 level, preventing a clean breakdown below the zone for now. The price action has also kept Bitcoin from showing any major sign of distribution, as support continues to hold near the lower end of the range. All that needs to happen now for bullish momentum is a weekly close above $84,000. However, a weekly close below $80,000 could shift the setup in favor of the bearish path. Featured image created with Dall.E, chart from Tradingview.com
Enhanced US-Japan currency coordination may stabilize forex markets, potentially reducing volatility in risk assets and impacting global investments.
The post Scott Bessent reaffirms US, Japan coordination on currency moves appeared first on Crypto Briefing.
A potential BOJ rate hike could strengthen the yen, impacting global carry trades and creating selling pressure across various risk assets.
The post Bank of Japan debates near-term rate hike, eyes June move appeared first on Crypto Briefing.
France's SocGen plans to use its EURCV and USDCV stablecoins for tokenized collateral, repo financing and institutional settlement activity on the Canton blockchain network.
Anthropic launches Claude for Small Business, adding AI workflows across QuickBooks, PayPal, HubSpot, Canva, and Docusign.
The post Anthropic launches Claude for Small Business to bring AI agents into QuickBooks, PayPal, and HubSpot appeared first on Crypto Briefing.
Jupiter Lend, together with Fluid and Bitwise, will provide an avenue to earn yield on the USDe synthetic stablecoin.
Former Celsius chief revenue officer Roni Cohen-Pavon, scheduled to be sentenced on Thursday after a guilty plea, agreed to a judgment of $1 million that he obtained as a result of his crimes.
River's integration with OKX DEX simplifies DeFi access, potentially increasing user adoption but hinges on OKX's reliability and service continuity.
The post River integrates OKX DEX for one-tap swaps to satUSD appeared first on Crypto Briefing.
DeFi's security challenges spotlight the urgent need for improved risk management and secure deployment practices.
The post Luke Leasure: Layer Zero’s infrastructure vulnerabilities highlight security gaps, Aave’s collateral oversight demands better risk management, and the dynamics of looping reshape DeFi borrowing | Unchained appeared first on Crypto Briefing.
Arbitrum Security Council's bold move to freeze $70 million highlights the ongoing battle against crypto theft.
The post Griff Green: Unusual movements of restaked ETH signal illicit activity, Thorchain’s role in laundering funds, and the risks of smart contract exploitation | Unchained appeared first on Crypto Briefing.
AI-driven sales strategies are revolutionizing the buyer experience, offering unprecedented growth and efficiency for businesses.
The post Amanda Kahlow: Emotionally intelligent AI is revolutionizing sales efficiency, addressing traditional process inefficiencies, and scaling solution selling across industries | SaaS Interviews appeared first on Crypto Briefing.
The S&P 500's record high suggests increased investor confidence, potentially driving further market gains amid easing global tensions.
The post S&P 500 hits all-time high amid easing geopolitical tensions appeared first on Crypto Briefing.
The diplomatic stalemate may prolong regional tensions and hinder potential resolutions, impacting global security and economic stability.
The post Iran confirms no nuclear talks with US amid diplomatic stalemate appeared first on Crypto Briefing.
The Upbit listing of Venice Token highlights the potential for rapid price fluctuations and liquidity challenges in crypto markets.
The post Upbit adds Venice Token, trading starts May 12, 2026 appeared first on Crypto Briefing.
Cerebras' IPO success could boost investor confidence in AI hardware, potentially influencing future tech IPOs and market dynamics.
The post Cerebras Systems sets IPO price, targets $48.8B valuation amid high demand appeared first on Crypto Briefing.
Solana's Alpenglow upgrade could reshape blockchain economics by reducing MEV profitability, potentially enhancing network fairness and stability.
The post Anatoly Yakovenko says Solana’s Alpenglow upgrade changes MEV economics appeared first on Crypto Briefing.
Peter Jackson says Hollywood’s fears around AI could hurt recognition for motion-capture acting, as debates about how the technology will reshape the movie industry grow.
Physicist Giovanni Santostasi says Bitcoin’s long-term price trajectory is not best understood as an S-curve, speculative bubble, or simple exponential trend, but as a power law similar to patterns found in cities, biology and other natural systems. Speaking with Nathalie Brunell on the May 12 episode of the Coin Stories podcast, the director of the Scientific Bitcoin Institute argued that Bitcoin’s historical data points to roughly $1 million per coin in about eight years and $10 million in roughly 20 years. Santostasi explained his Bitcoin Power Law thesis in detail. His core claim is that Bitcoin’s price has followed a nonlinear mathematical relationship with time since the network’s early trading history. In his formulation, Bitcoin’s price is proportional to time raised to a power of roughly 5.8 to 5.9, often rounded to six. That exponent, he said, is not just a curve-fitting artifact but a “fingerprint” of the system. “With bitcoin we found a similar relationship where the price is proportional to the time,” Santostasi said. “So the age of bitcoin, how many years, you can measure it in days, you can measure it in years. And then you take the power and that power is 5.8.” Bitcoin Is Growing Like A City He acknowledged that Bitcoin remains volatile in the short term, with wars, crises and liquidity shocks producing large deviations. But he argued those moves are oscillations around a deeper trajectory. Related Reading: Bitcoin Exits ‘Panic Zone,’ But Capital Inflows Remain Weak According to Santostasi, Bitcoin’s power law currently implies a central price level around $120,000, while the market has recently traded below that level. He said the lower statistical band, which he described as a kind of floor, is currently near $56,000 to $57,000. He also cited a correlation coefficient of 0.97 for the power law fit, arguing that only around 3% of Bitcoin’s long-term price variation is not described by the model. A key part of Santostasi’s thesis is that Bitcoin behaves more like a networked organism than a corporate asset. He compared Bitcoin to cities, which he said grow through bottom-up interaction and tend to endure far longer than corporations. Cities, in his telling, follow power laws because their value emerges from networks of people freely interacting, building and exchanging information. “Bitcoin is like a city,” Santostasi said. “Bitcoin is like tooth and nails and thorns and shells, these natural forms. To me, if you can simplify this message — and because it’s not poetry, it’s science actually, it’s based on data — it is one of the most convincing orange-pilling arguments that you can make.” The physicist contrasted that with exponential growth, which he associated with systems that expand quickly but eventually hit resource limits. He cited corporations as an example, saying most die within 150 years, while cities such as Rome can persist for millennia. That distinction led to one of the more provocative implications of the discussion: corporations backed by Bitcoin, Santostasi suggested, could theoretically become more city-like in their durability. “This is one of the reasons why I want Saylor to start adopting this language of a power law,” he said, referring to Strategy executive chairman Michael Saylor. “He could say exactly that. We are turning corporations into cities.” Related Reading: Arthur Hayes Says The Bitcoin Bull Market Has Begun: $126,000 Is Next Santostasi also argued that Bitcoin’s address growth supports the thesis. He said Bitcoin addresses have grown as a power law with time cubed, while price reacts to address growth roughly according to a square relationship, similar to Metcalfe’s Law. Combining those two relationships, he said, produces the observed price relationship of time to the sixth power. “If you double the number of addresses, the price goes up to four,” Santostasi said. “If you triple it, it goes to nine. So it’s a power law with the square.” That framework also leads Santostasi to reject the common view that Bitcoin adoption should be modeled primarily as an S-curve, like refrigerators, televisions or other consumer technologies. Those products, he argued, are not networks in the same way Bitcoin is. Bitcoin’s social, monetary and technical layers make it closer to the internet or a city than to a household appliance. Still, Santostasi stopped short of presenting the forecast as certainty. Asked how confident he is that Bitcoin will reach roughly $1 million per coin in about eight years and $10 million in roughly 20 years, he put the probability near 90%, while leaving room for failure conditions. He said continued capital inflows, larger institutional participation and new pools of capital are necessary for the path to remain intact. At press time, BTC traded at $80,963. Featured image created with DALL.E, chart from TradingView.com
XRP is rising into a market split between traditional finance infrastructure and crypto-native skepticism. According to CryptoSlate's data, the token recently traded above $1.46 as spot-market indicators improved, exchange-traded funds drew their strongest daily inflows in more than four months, and Ripple expanded the credit capacity behind its institutional prime brokerage business. However, this came […]
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The Bermuda-based asset manager launched a tokenized liquidity fund using Chainlink and Sygnum infrastructure, with JPMorgan providing daily NAV data for pricing.
Restaking in DeFi introduces complex risks, highlighting the urgent need for robust security infrastructure.
The post Pluto: Restaking in DeFi poses financial risks, cross-chain bridges are vulnerable to exploitation, and AI’s dual role in crypto security | On The Brink appeared first on Crypto Briefing.
Quantum computing's rapid advancements pose an urgent threat to the security of digital assets and financial systems.
The post Alex Pruden: Quantum computing threatens elliptic curve cryptography, urgent need for postmodern cryptography, and the Bitcoin community’s philosophical divide | Empire appeared first on Crypto Briefing.
Morpho's modular design limited losses to $1 million during a $300 million DeFi hack, showcasing its resilience.
The post Paul Frambot: Morpho’s modular architecture enables tailored lending markets, 90% of volume is stablecoin loans, and operational security is critical for DeFi risk management | Unchained appeared first on Crypto Briefing.
Privacy emerges as the crucial competitive edge in crypto amid maturing infrastructure and regulatory clarity.
The post Ali Yahya: Crypto infrastructure supports billions of users, regulatory clarity fuels innovation, and privacy emerges as a competitive advantage | Unchained appeared first on Crypto Briefing.
Bitcoin's anticipated rise amid AI-driven economic shifts positions it as a key hedge against inflation.
The post Jordi Visser: Bitcoin is set to break higher, the crypto winter will be the mildest ever, and AI will disrupt traditional value storage | Bankless appeared first on Crypto Briefing.
Also: LayerZero apology, Ronin layer-2 transition and ‘Clear Signing’