Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies.
Crypto treasury companies and blockchain technology are creating alternative pathways to fund early-stage scientific and medical research.
AI systems drive crypto fraud while the industry relies on outdated postmortems. Real-time transaction defense must become infrastructure.
Stablecoin settlement times vary wildly depending on their blockchain. Purpose-built payment chains must remain open, or they will repeat TradFi fragmentation.
Truth Social wants to “democratize information” for its 6.3 million users with a social media prediction platform developed in collaboration with Crypto.com.
Bitcoin price dropped 2.5% on Tuesday in an attempt to fill the latest weekend CME futures gap, while traders warned that $100,000 could fail as support.
Strategy Inc. chair Michael Saylor says Bitcoin will gain after “macro headwinds” subside as treasury companies and ETFs put upward pressure on the cryptocurrency.
The growing sophistication of the mass surveillance state has created the need for new tools to obfuscate identity and restore anonymity.
Bitcoin’s fluctuating correlation with US equities is raising questions about its role as a global safe-haven asset during periods of financial stress.Bitcoin (BTC) exhibited a strong negative correlation with the US stock market when analyzing the short-term, seven-day trailing correlation, according to new research from blockchain data provider RedStone Oracles, shared exclusively with Cointelegraph.Bitcoin, S&P 500, 7-day rolling correlation. Source: Redstone OraclesHowever, RedStone said that the 30-day indicator signals a “variable correlation” between Bitcoin price and the S&P 500 index, with the correlation coefficient ranging from -0.2 to 0.4.This fluctuating correlation suggests that Bitcoin “doesn’t consistently function as a true hedge for equities” due to its lack of a strong negative correlation below -0.3, which is needed for “reliable counter movement during market stress,” the report states.Bitcoin, S&P 500, 30-day rolling correlation, 1-year chart. Source: Redstone OraclesRelated: $1B Bitcoin exits Coinbase in a day as analysts warn of supply shockThe research suggests that while Bitcoin may not be a dependable hedge against stock market declines, it still offers value as a portfolio diversifier.This fluctuating dynamic signals that Bitcoin often moves independently from other assets, potentially offering additional returns while other assets are struggling. Still, Bitcoin has yet to mirror the safe-haven dynamics of gold and government bonds, RedStone suggests.Related: Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300MBitcoin needs to “mature” before decoupling from stock marketWhile Bitcoin is poised to grow into a safe-haven asset in the future, the world’s first cryptocurrency still needs to “mature” as a global asset, according to Marcin Kazmierczak, co-founder and chief operating officer at RedStone.“Bitcoin still needs to mature before decoupling from stock markets,” Kazmierczak told Cointelegraph, adding:“Increased institutional adoption will absolutely help — we’re already seeing this effect with corporate treasury investments reducing Bitcoin’s 30-day volatility and with BlackRock repetitively praising BTC as an asset in a portfolio.”Meanwhile, Bitcoin will see growing recognition as a portfolio diversified, with an annualized return of over 230% for the past five years, which “significantly outperformed” both stocks and traditional safe-haven assets, Kazmierczak said, adding that “even a small 1–5% Bitcoin allocation can meaningfully enhance a portfolio’s risk-adjusted returns.”Source: Vetle LundeMeanwhile, Bitcoin’s falling volatility supports BTC’s apparent growing maturity as a global financial asset. Bitcoin’s weekly volatility hit a 563-day low on April 30, a development that may signal more stable price action.Bitcoin’s price volatility fell below the realized volatility of the S&P 500 and the Nasdaq 100, signaling that investors are increasingly treating Bitcoin as a long-term investment vehicle, Cointelegraph reported on May 13.Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve.In a May 12 statement, GDC and its subsidiary, AI Catalysis Corp., announced entering into a common stock purchase agreement with a British Virgin Islands limited liability company to sell up to $300 million of its common stock.The proceeds from the stock sale will be used to fund the firm’s crypto treasury, which will include purchases of Bitcoin (BTC) and the Official Trump (TRUMP) token.“Under this initiative, and subject to certain limitations, GDC intends to allocate a significant portion of the proceeds from any share sales under the facility to the acquisition, long-term holding, and integration of crypto assets into its core treasury operations,” the company said in the announcement. GDC described the strategy as a move to align with the broader “decentralization transformation.”GDC stock price, 1-year chart. Source: NasdaqFounded in 2016, GDC is a micro-cap company with a current $34 million market capitalization, according to Nasdaq data.Related: Multi-wallet usage up 16%, but AI may address crypto fragmentation gapGDC’s chairman and CEO, Xiaojian Wang, said the initiative builds on the company’s strengths in digital technologies and positions it for a blockchain-powered industrial shift.“GDC’s adoption of crypto assets as treasury reserve holdings is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestreaming e-commerce ecosystem,” Wang said.The stock offering was announced over a month after the firm received a noncompliance warning from Nasdaq related to its stockholders’ equity. The notice indicated that the firm reported stockholders’ equity of only $2,643, well below the minimum requirement of $2.5 million.The firm was given until May 4 to submit a plan to comply with the listing requirements. If accepted by the Nasdaq, the compliance plan will allow the firm up to 180 days from the notification period to comply with the requirements.The Nevada-based company joins a small but growing group of public firms that are allocating part of their balance sheets to crypto assets. Related: Crypto speculation dominates $600B cross-border payments: BIS reportTrump token dinner planned for top holdersGDC’s announcement coincides with an upcoming high-profile event tied to the Trump token project. The 25 largest holders of TRUMP tokens are set to attend a private dinner at the White House on May 22.However, the TRUMP memecoin project said in a May 12 X post that it has stopped considering additional purchases for the dinner and that the attendees had been notified to apply for background checks.According to data provided on the project’s leaderboard, the top 220 wallets held more than 13.7 million tokens as of May 12, worth roughly $174 million at the time of publication.Top 10 TRUMP memecoin holders as of May 12. Source: TRUMP memecoin projectSome US lawmakers have criticized the dinner. Senator Cynthia Lummis reportedly said that the idea of the US President offering exclusive access for people willing to pay for it “gives [her] pause.”Crypto regulation experts also fear that the Trump family’s crypto endeavors may trigger more regulatory scrutiny by the US Securities and Exchange Commission, as politically affiliated memecoins introduce a new challenge for crypto legislation.Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
