May 23, 2025 04:25

Bitcoin Overtakes Amazon in Total Market Cap, as Supporters Eye even Bigger Targets...

Bitcoin just broke past $109,500, setting a new all-time high and officially leapfrogging Amazon in market cap. That puts BTC in the heavyweight categorynow the fifth most valuable asset on the planet. Next up on its leaderboard hit list: Apple, Nvidia, Microsoft, and the big onegold.

So, whats fueling this meteoric rise? Its not just hype. We're seeing a powerful mix of institutional money, rising retail investor confidence, and a macro environment thats turning in Bitcoins favor. Risk-on assets are back in play, and Bitcoins looking like the king of that hill.

Importantly, this isnt some knee-jerk spike off a news headline. The price movement is broad-based and organica sign that momentum could be sustainable rather than just a flash in the pan.

Whats Next?

Bitcoins now flirting with the $110K mark, a zone packed with liquidity. That means we could hover around this zone for awhile. But not everyone's expecting a cooldown.

Market analyst Willy Woo, for one, thinks were just getting started. On X this morning, he posted: Once BTC properly breaks the all-time highs, the move to $118k will be very fast. 

In Conclusion

Bitcoin is no longer knocking on the doorits already inside the house with the big players. And with its capped supply, frictionless digital transferability, and apolitical foundation, its positioned unlike anything else on Wall Street. As trust in institutions gets shakier and the world grows more digital and decentralized, Bitcoins rise feels less like a trendand more like a tectonic shift.

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

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May 08, 2025 04:20

Gold Is Soaring - But It's Bitcoin That Could Be Headed for the Stratosphere...

The recent surge in gold prices isn't just a reaction to market jittersit's a signal flare. Investors are flocking to safe havens, but theres another asset riding this wave with a different kind of momentum: Bitcoin. Often dubbed digital gold, BTC is increasingly seen as both a refuge and a revolutionary financial instrument.

As gold crosses the $3,300 per ounce mark, and even hit a record $3,500 briefly in April, Bitcoin has been quietly staging a comeback of its own. Its not just shadowing goldits carving its own path, powered by a new generation of investors who see beyond tradition and into the future.

The Uncertain World Fuels the Rush

Were living through another wave of economic turbulence. With global trade tensions escalatingespecially after President Trumps aggressive new tariffs on over 60 countries, including a staggering 245% on Chinese importsthe world feels like it's on edge. In return, China upped its own tariffs to 125%, triggering fears of an all-out trade war.

Naturally, investors turn to safety. Gold is the old guard: tangible, familiar, and stable. Bitcoin, meanwhile, is for those who believe the digital age requires digital solutions. Both assets are benefitting, but the why behind each is telling.

Gold ETFs saw $8 billion in net inflows just three weeks agoa record. Meanwhile, Bitcoin surged 10% following Trumps tariff announcement (dubbed Liberation Day by crypto fans), jumping from $85K to $97K before settling around $94K. That's still 13% below its all-time high, but the confidence is building.

A New Kind of Safe Haven

Whats striking is how Bitcoin and gold are starting to move in tandem. From April 721, gold rose 15%, and Bitcoin was right behind it at 12%. Analysts at Kobeissi called this a flight to decentralized, inflation-protected assetsa sign investors arent just seeking safety, theyre seeking sovereignty.

The Pearson correlation shows that Bitcoin and gold are aligning more, while distancing from major stock indices like the Nasdaq and S&P 500. Thats a strong indicator that Bitcoin is evolving into a legitimate store of valuenot just a speculative bet.

Gold Is Old Money. Bitcoin Is Asymmetric Opportunity.

Golds market cap sits around $22 trillion. It's massive, mature, and stable, with demand from jewelry to industrial use. But that maturity comes with a ceilinggrowth is slow, and supply can still increase with new mining operations.

Bitcoin? Entirely capped at 21 million coins. That built-in scarcity is rocket fuel for price potential. Its current market caparound $1.8 trillionis tiny by comparison, which means massive upside if adoption scales.

Big names are bullish. MicroStrategy CEO Michael Saylor sees BTC hitting $140K this cycle. ARK Invests Cathie Wood goes furtherforecasting a $2.4 trillion valuation long-term if institutional adoption takes off and governments start treating BTC as a strategic reserve.

In Conclusion

Gold is doing what gold does bestproviding stability in unstable times. But Bitcoin is doing something more: it's reframing the very definition of value in a digitized world. One is rooted in the past; the other is aligned with the future.

As global uncertainty continues to stir the pot, both assets are attracting attentionbut for very different reasons. Gold offers reassurance. Bitcoin offers revolution. And if current trends hold, we may be witnessing not just a rally, but a rebalancing of how the world defines and defends wealth.

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

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Apr 25, 2025 04:15

The NEW Company Aiming to Own MORE Bitcoin than Michael Saylor/Strategy - But Can ANY Company Catch Up To Their 530,000 BTC Stockpile?

 

Jack Mallers is the fonder of Strike, (which to me has always seemed like the all-crypto version of Cash App) and now heads a 2nd venture as he has just been named CEO of a new company called Twenty One, and hes not wasting any time setting the tone. His mission? Overtake Michael Saylor and Strategy (formerly MicroStrategy) as the biggest corporate holder of bitcoin.

In a Bloomberg Technology interview, Mallers laid it out plain: Twenty One isnt trying to be a fintech, a bank, or a crypto hedge fund. Its a Bitcoin-first, Bitcoin-only company. Everything it doesfrom the products it builds to how it returns value to investorsis centered on one goal: stacking sats and scaling hard.

We want to be the best vehicle for investors to gain exposure to bitcoin in the public markets, Mallers said - making it clear they want to be seen as an official competitor to Michael Saylor and Strategy. 

The idea for Twenty One came after years of deep involvement in Bitcoin infrastructureMallers has worked alongside Tether and played a major role in Bitcoin adoption efforts in El Salvador. Now hes aiming to do what no one else has done: build a public company from scratch thats Bitcoin-native from day one. No pivoting from old-school industries. No legacy baggage.

On the other side of the ring is Michael Saylor, whos basically become the poster child for corporate Bitcoin accumulation. With over 530,000 BTC in Strategys vaults, Saylors been rewriting the playbook for capital marketsraising billions via bitcoin-backed bonds and preferred stock to fuel the companys ever-growing stack.

Mallers isnt denying Saylors influencein fact, he says Saylor was part of the inspiration. But where Saylor is evolving a decades-old company into a Bitcoin vehicle, Mallers is building the future from scratch. Its new-school vs. old-school, and the battleground is Bitcoin.

Realistically, Twenty One's goal of catching up to Strategy is a long shot, at least when it comes to total Bitcoin held.  The company will launch with 43,000 BTC in hand which is a massive amount in any other circumstance, except comparing it with Strategy's 530,000 BTC.

Where they can make a name for themselves is becoming the company currently accumulating the most Bitcoin, while Saylor is unlikely to be dethroned as the one who currently holds the most Bitcoin.

Is This a Good Thing? 

It's easy to get caught up in the immediate effects of companies fighting over who can accumulate the most Bitcoin, as the immediate result is driving up the price. When it comes to supply and demand, whales with huge appetites obviously add a lot of momentum to the 'demand' end. 

But it's also putting the power to crash the entire market in the hands of a very small group of people. Of course, Saylor and really any investor with a basic understanding of the market would never dump 530K BTC onto the market at once, that obliterates their own profits as the market would have crashed long before even half of the coins were sold.

However, even a smaller portion like 10% for example - in the case of Strategy, that's still over $3 billion in BTC flooding the market, which would probably sent Bitcoin's price down by $10,000 to $15,000.  Then when you consider this may trigger another large holder to panic - it's not just about how many tokens one major holder sells, it's the total amount they sell + scare others in to selling when a sizeable red candle appears.

Then there's the obvious argument against companies trying to get as much Bitcoin as possible - remember, decentralization? It's easy to forget in a story about 2 companies who want it all.


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Author: Adam Lee
Asia News Desk 
Breaking Crypto News

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Apr 06, 2025 04:20

GameStop's Board of Directors Approve New Investment Policy Allowing Company to Buy Bitcoin - They Currently Sit on $4.7 Billion in Cash...

GameStop used to be the ultimate meme-stock after the massive gains it made thanks to Reddits r/WallStreetBets.

But lately, its not making quite the same level of noise. While its still a name that sparks strong opinions, GME has drifted into the mid-$20 range for most of the past year, with only a short-lived stint in the $30s. 

On Tuesday after the bell, the company reported an earnings beat, posting 30 cents per share on $1.28 billion in revenue. For fans tracking its financial health, the real eye-opener might be GMEs free cash flow, which turned positive: $158.8 million this year compared with last years negative $18.7 million.

But the real big news...

GameStops board has unanimously approved a update to the companys investment policy: The company can hold Bitcoin. Yep, that means GME is clearing a path to hold BTC on its balance sheet. Sure, buying in a few years ago mightve been a jackpot move when Bitcoin was just a fraction of the price it is now? Still, better late than never, and hardcore Bitcoin maximalists will actually tell you that this is still early.

While we don't know how much they plan to buy, we do know they're sitting on about $4.7 billion in cash, which is a massive war chest for a company with an $11.35 billion market cap. The decision to diversify into Bitcoin signals that management is open to some of the new trends shaping modern finance.

The move could put GameStop's stock back in the spotlight...

By integrating Bitcoin into its treasury strategy, GME might attract a new wave of tech-savvy retail investors, the same crowd that invests in MicroStrategy, the company that owns more Bitcoin than any other business or person. That synergy between loyal shareholders and forward-thinking decisions could work in GameStops favor.

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Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

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Mar 24, 2025 04:15

Trump Vows US Will Be "Undisputed Bitcoin Superpower" and "The Crypto Capital Of The World" in First-Ever Address from a Sitting US President to a Crypto Conference...

Addressing attendees at the summit via a pre-recorded video message, Trump made it clear hes going all-in on crypto. Were going to make America the undisputed bitcoin superpower and the global hub for digital assets, he said, doubling down on his pitch to plant the U.S. flag at the center of the crypto economy. He pointed to the recent White House Digital Asset Summit a closed-door meeting that brought together top crypto execs and White House AI & Crypto Czar David Sacks as a signal of whats to come.
In one of his bigger reveals, Trump announced plans to establish both a strategic bitcoin reserve and a broader "U.S. digital asset stockpile" with coins beyond Bitcoin, signaling a shift toward long-term government holding strategies. We wont be offloading these assets for pennies like Biden did, he said, taking a jab at the previous administration.
He also highlighted his immediate hard stop to what he called the previous administrations regulatory war on crypto, including the controversial Operation Choke Point 2.0. It was government overreach disguised as compliance pure lawfare, he said, vowing that such efforts were over as of January 20, 2025.
Pushing for clearer rules, Trump called on Congress to pass legislation to define stablecoin regulations and market structure, claiming that regulatory clarity would unlock a wave of institutional capital and innovation. Itll trigger massive economic growth, he told the crowd.
Trump closed out by reiterating his vision for Americas crypto future: The next wave of financial innovation is coming, he said. And its going to happen right here in the good old USA.
The overall message seems clear - his administration is working towards fulfilling promises made during the campaign, something he believe is a priority, evidenced by some promises having already been met.

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Author: Ross Davis
Silicon Valley Newsroom
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Mar 14, 2025 04:15

Bitcoin Miner Hits the Jackpot with Ultra-Cheap (Under $100) Mining Rig and 1 to 4.6 Million Odds...

Today we're learning the story of a Bitcoin block that was mined just a couple days ago by a solo miner, surprising the crypto community by successfully mining block #887,212 with just a 480 GH/s Bitaxe rig.

For some perspective, these mini-miners earn about $3 per year - yes you're reading that correctly, per year - that is, unless it happens to be the one to mine a new block.  Running a small rig like this is often compared to buying a lotto ticket, except you only need to pay once and get to play every day.

The Odds...Making the story even crazier - the miner used was on the low end of these low end miners - having about a 1 in 4.6 million chance to win each day. Newer models bring that down to about 1 in 1.5 million.

This miner was using solo.ckpool, a popular choice among individual miners looking to strike digital gold without joining massive pools.

Pool developer Con Kolivas emphasized how remarkable this feat was, estimating that similar rigs have less than a one-in-a-million daily chance of solving a block. Statistically speaking, the average wait time for success with a rig this size is roughly 3,500 years.

To put this into perspective, industrial-scale Bitcoin miners commonly run setups about 2000% more powerful, so beating them with a rig this size is extremely rare.

Tiny Rig, Huge Payoff

This miner earned a reward of about $260,000 at the time, or 3.15 BTC plus an extra 0.025 BTC from transaction fees, according to mempool.space.

Adding to the surprise, the Bitaxe rig used in this incredible win was ultra-affordable, selling for around $90 on Ebay.

Solo Mining Faces Giants

Today, Bitcoin mining is dominated by major players like Foundry USA, whose massive hashrate primarily comes from publicly traded giants such as Cipher Mining, Bitfarms, and Hut 8. MARA Holdings, another heavy hitter, even operates its own dedicated MARA Pool.

Unlike commercial mining hardware that's typically proprietary, Bitaxe offers open-source solutions. Enthusiasts like Skot claim that open-source mining better reflects Bitcoin's core decentralized spiritmaking this rare win even sweeter for Bitcoin purists.

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Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

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Feb 28, 2025 04:20

Bitcoin's Drop, and Why Whales are BUYING IT UP!

The price of Bitcoin plunged under $90,000, reaching levels not seen since mid-November, marking a reversal of gains that had followed Donald Trump's presidential victory. 
The cryptocurrency experienced a sharp decline of up to 8.5%, its most significant single-day drop since August. By Tuesday at 11:20 a.m. in New York, Bitcoin was trading at $86,805, down 7.6%. The downturn affected other digital currencies as well, with Ether, XRP, and Solana experiencing even steeper declines during the trading session. A benchmark index measuring the performance of major cryptocurrencies was headed toward its biggest four-day decline since early August.
Rebecca Patterson, a senior fellow at the Council on Foreign Relations and former chief investment strategist at Bridgewater Associates, joined Bloomberg Radio hosts Tom Keene and Paul Sweeney to analyze the selloff and its implications for the cryptocurrency market as a whole.

But there's important reasons not to fall for this trick - this is where the rich fool the average uninformed investor into selling out of fear, buy their coins cheap before the next bull run - and the next one may be the biggest yet! Do you really want to have no Bitcoin when this happens?
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Feb 26, 2025 04:20

STGEnergy Launches Innovative Cloud Mining Platform, Enabling Accessible Cryptocurrency Mining...

ST. ASAPH, DENBIGHSHIRE, UK - February 24, 2025 - STGEnergy has announced the launch of its new cloud mining platform, designed to make cryptocurrency mining accessible to everyday users without requiring specialized equipment or technical expertise.

The UK-based company offers a solution that allows individuals to participate in cryptocurrency mining through a rental model, where users can purchase computing power contracts to mine popular cryptocurrencies including Dogecoin and Bitcoin.

"Cloud mining represents a significant democratization of cryptocurrency mining, removing traditional barriers to entry such as expensive hardware purchases and technical know-how," said a spokesperson for STGEnergy. "Our platform is designed to make this technology accessible to everyone."

According to industry analysts, cloud mining platforms like STGEnergy are gaining popularity as cryptocurrencies continue to mature as an asset class. The company claims its platform features efficient computing power allocation, robust security measures, and transparent pricing structures.

The service operates on a contract basis, with users selecting mining packages for specific durations. STGEnergy manages all technical aspects including hardware maintenance, electricity costs, and cooling systems. The company reports that earnings are calculated and settled every 24 hours, with the initial investment returned upon contract completion.

New users receive a $15 sign-up bonus and can choose from various contract options based on their investment goals. The platform includes a user dashboard for monitoring mining operations and earnings.

STGEnergy is based in St. Asaph, Denbighshire, UK and offers 24/7 customer support for platform users.

For more information about STGEnergy and its cloud mining services, visit their official website at STGEnergy.com

Follow on Twitter (X): @STG_Energy

About STGEnergy:
STGEnergy is a cloud mining platform based in the United Kingdom that provides cryptocurrency mining services to users worldwide. The company focuses on creating accessible mining solutions that don't require technical expertise or significant hardware investments.

Media Contact:
Amy Davis / support@stgenergy.com

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Feb 24, 2025 04:25

Hacker Behind ByBit Hack Stole a Record $1.4 BILLION - Now There's a Record Sized BOUNTY To HUNT Him Down...

By now you've probably heard of the staggering blow to crypto exchange Bybit, as they confirmed a massive $1.4 billion exploit, making it the largest crypto hack on record

We're now learning some additional details - according to Bybit CEO Ben Zhou, the attacker compromised one of the exchanges Ethereum cold wallets, siphoning off huge quantities of ETH and stETH by manipulating a single transaction.

Bybits CEO says the hacker got hold of the private keys to a specific ETH cold wallet and transferred the funds to an unknown address. Top blockchain analytics groups like ZachXBT and Arkham Intelligence have verified these massive outflows, with Arkham noting that the stolen funds are now being split and sold through multiple addresses.

Is User Money Safe?

Zhou insists that other Bybit wallets werent impacted. The platform is still processing withdrawals99% of user requests have reportedly gone through without a hitch. Bybit is maintaining they have enough liquidity to honor customer withdrawals in full.

Setting a New Record...

This new $1.4 billion hack officially takes the top spot for the largest theft in crypto history. It surpasses both the Ronin Networks $625 million loss and the $611 million Poly Network exploit, both of which rocked the market in 2022.

Catching the Hacker...

The biggest hack is now offering the biggest reward, up to $140,000,000 (10% of total hacked funds) for anyone who can track down who is responsible.

This is bad news for the hacker, because unless we're looking at a government sponsored action (such as North Korea) you can be sure the hacker bragged about his accomplishment at least within a small circle of fellow hackers - if so, with a reward this size someone is bound to turn on them.

Blockchain researcher ZachXBT was among the first to flag the suspicious outflows. He reports the stolen ETH has been split across 39 different addresseslikely an attempt to hide the funds and evade tracking.

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Author: Adam Lee 
Asia News Desk / Breaking Crypto News

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Feb 23, 2025 04:25

Utah Leads 20 US States Aiming To Launch State-Level Bitcoin Reserves, While Trump's 'Crypto Task Force' Finalizes Federal Bitcoin Reserve Plans...

The race to integrate Bitcoin into state treasuries is heating up. So far, 20 U.S. states have introduced bills aiming to accumulate BTC as a financial assetbut Utah is pulling ahead with real legislative momentum.

A new bill, HB 230, just cleared a major hurdle. The Digital Innovation and Blockchain Amendments bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senates Revenue and Taxation Committee.

Back in January, the bill passed Utahs House of Representatives with an 8-1 vote, and on February 7, it advanced to the Senate for its first reading. If enacted, up to 5% of Utahs state funds could be invested in qualified digital assetsa category that, under the bills criteria, currently includes only one cryptocurrency: Bitcoin.

Utah's HB 230 isnt just about buying Bitcoin...

It also lays the groundwork for regulatory oversight, custody protocols, and even permits the treasurer to engage in staking and lending of crypto assets under certain conditions. Additionally, the bill introduces new rules around stablecoin investments, reflecting the broader push to formalize crypto within government finance. The proposal is spearheaded by Utah Rep. Jordan Teuscher.

If it keeps gaining traction, the bill could take effect on May 7, 2025. And according to Dennis Porter, CEO of Satoshi Action Fund, Utah is positioned to be the first U.S. state with an official Bitcoin treasury, thanks to its tight 45-day legislative session.

This state-level push follows Donald Trump has floating the idea of a Federal Bitcoin Reserve - his 'crypto task force' is already exploring ways to make it happen. In an interview with Bloomberg President Trump says he believes that if the U.S. doesnt move fast, rival nations will.

As Utah moves forward, all eyes are on whether this bill will set a precedent for other states looking to put Bitcoin on their balance sheets.

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

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