Steven McClurg, the CEO of Canary Capital, predicts that Bitcoin has a better than 50% chance of reaching $140,000 to $150,000 this year, before a potential bear market in 2026. He attributes the rally to strong institutional demand, with major players like sovereign wealth funds and insurance companies showing interestContinue Reading

Bitcoin reached an all-time high of US$124,457 on Thursday before experiencing a sharp 5% drop to US$117,477 within hours on Friday morning. The price correction occurred after US Treasury Secretary Scott Bessent stated in a CNBC interview that America wouldn’t purchase Bitcoin for its strategic treasury. Crypto commentators criticised theContinue Reading

The new law allows banks with over US$50 million capital to offer cryptocurrency services. It targets “sophisticated investors” holding more than US$250,000 in liquid assets, including Bitcoin. Licensed institutions can hold Bitcoin, issue tokens, and create regulated crypto-linked investment products. El Salvador’s National Assembly has passed the Investment Banking Law,Continue Reading

Parataxis Holdings will go public and acquire South Korea’s Bridge Biotherapeutics, rebranding it as Parataxis Korea to establish a direct presence in the Korean market. The company plans to build a US$640 million Bitcoin treasury, positioning itself as a major institutional BTC holder targeting both US and Korean investors. TrumpContinue Reading