У четвер на початку дня Bitcoin наблизилася до 100 000 доларів, оскільки президент Дональд Трамп заявив, що незабаром буде оголошено про тарифну угоду з «великою, дуже шанованою країною».

Продовження Нижче Не пропустіть жодної історії. Підпишіться на розсилку Crypto Long & Short вже сьогодні . Переглянути Всі Розсилки Підписатися Підписуючись, ви отримуватимете листи про продукти CoinDesk та погоджуєтесь з нашими умови використання та політика конфіденційності .

Трамп проведе пресконференцію щодо «важливої» торговельної угоди о 10:00 за східним часом, де оголошення має стати «першим із багатьох».

Ідентичність країни, про яку йдеться, залишається неясною. Тим не менш.деякі звіти кажуть, що вважається, що послаблення тарифів у Великій Британії може пом'якшити інфляційний тиск і покращити фон для інвестування в Крипто, технології та інші активи з високим бета-коефіцієнтом.





За останні 24 години Bitcoin зріс більш ніж на 5%, продовживши своє тижневе Rally на тлі покращення макроекономічних умов.

Поєднання падіння дохідності BOND , ослаблення долара та відновлення інституційних потоків у спотові Bitcoin ETF стимулювало зростання.

Ця заява також пролунала на тлі зростаючого політичного тиску на лідерів США щодо протидії зростаючому впливу Китаю та відродження вітчизняного виробництва. Хоча всі деталі залишаються в таємниці, будь-яке скасування тарифів може швидко підняти ціни на ризикові активи.

Новини про ціну BTC : Bitcoin наближається до 100 тисяч доларів, оскільки Трамп натякає на «велику» торговельну угоду

An Israel-based cyber intelligence firm is reportedly ordered to pay damages for the security breach of the instant messaging platform WhatsApp six years ago.

The NSO Group is behind the zero-click spyware Pegasus, which allows hackers to infiltrate smartphones without requiring user interaction, such as clicking a link or opening a message.

In 2019, WhatsApp sued NSO Group after discovering that Pegasus was used in an attack that targeted its users, including human rights activists, journalists and dissidents.

Axios reports that after six years, a California federal jury determined that NSO Group is liable to pay WhatsApp $167.25 million in punitive damages and $444,719 in compensatory damages for enabling the hack of about 1,400 of the platform users’ devices.

The verdict issued on Tuesday comes after a judge ruled in December that the NSO Group was responsible for hacking and breach of contract.

In response to the ruling, NSO Group defends its technology and says it will pursue legal remedies.

“We firmly believe that our technology plays a critical role in preventing serious crime and terrorism and is deployed responsibly by authorized government agencies.”

Following its victory in the case, WhatsApp says it will donate to organizations that help defend people against spyware attacks.

“Today’s verdict in WhatsApp’s case is an important step forward for privacy and security as the first victory against the development and use of illegal spyware that threatens the safety and privacy of everyone.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Spyware Firm Ordered To Pay $167,250,000 in Damages for Enabling WhatsApp Hacks of 1,400 Smartphone Devices: Report

Maxfield Mellenbruch — an American sculptor, designer, and the creator of the iconic Kialara series — returns to the bitcoin stage with Rare, a platinum and gemstone-encrusted sculpture appraised at over $2 million. Mellenbruch first gained recognition in 2014 for crafting cold-storage Bitcoin wallets that blurred the line between high design and cryptographic function, earning a cult following among early adopters and collectors alike. His work explores themes of security, value, and permanence in the digital age.

Now, with Rare, he unveils his most ambitious piece to date. On view exclusively in the Deep Vault VIP exhibition during Bitcoin Conference 2025 in Las Vegas, Rare stands as the centerpiece of this year’s art auction and is expected to become the highest-selling artwork priced in bitcoin in the conference’s history.

Mellenbruch will also appear as a featured speaker on the Genesis Stage in a panel titled “From Cave Art to Code: Redefining Value in a World of Absolute Scarcity” alongside Vijay Boyapati and Jesse Myers, moderated by Erin Redwing of Inscribing Vegas. The conversation takes place on May 29, 2025, from 3:10–3:40 PM, just hours before the auction for Rare concludes on Scarce.City.

In advance of the artwork’s unveiling and auction at Bitcoin 2025, I spoke with Max about the ideas behind Rare and the evolving role of art in a Bitcoin-denominated world.

Rare is a jeweled sculpture of extraordinary commitment — over 12,000 gemstones, a 2.56-pound platinum cast, and a design that blends anatomical familiarity, extreme material excess, and almost satirical details like its leather case mimicking butcher paper. What compelled you to make this piece, and how long did it take to conceive, source, and execute such a technically and financially ambitious work?

The whole thing took about a year—casting the platinum, setting over 12,000 stones by hand, pulling together the right people. From the start, Rare was a stretch: technically, financially, creatively.

The idea had been building for a while—driven by a growing interest in what’s real, what endures, and what nourishes. I started cutting out processed food and paying closer attention to what I was putting in my body. That naturally led me to steak—simple, unprocessed, nutrient-dense. For a couple years, it was at the center of my diet. And the more I leaned into it, the more I noticed how controversial it had become. The narrative around red meat reminded me of how Bitcoin was treated in its early days—dismissed, attacked, misunderstood. But to me, both represented something honest and resilient. Rare came out of that overlap. Not as a dietary message or anything like that, but as a reaction to the way value gets distorted—and the instinct to come back to something elemental.

I already knew I had to make it. But seeing people’s reactions—from my jeweler’s excitement to someone at the casting house laughing in disbelief—helped confirm it. Rare isn’t just about excess. It’s about curiosity—about taking one idea as far as it can go and seeing if it still holds up.

Writer Jesse Myers suggests that humans are biologically wired to seek out scarce assets — a primal instinct that Bitcoin taps into. How did this idea inform your vision for Rare?

We’ve always chased what’s hard to get. That instinct hasn’t changed—just the objects have. Bitcoin taps into it. So does gold. So do gems. With Rare, I wanted to hit that same nerve—only through something physical. Platinum, diamonds, rubies—materials that carry weight, both literally and symbolically. They’re beautiful, elemental, forged over time. We respond to them without needing to be told why.

The title Rare does more than describe it. It’s a word people see all the time, but once they’ve seen this piece, it sticks differently. It rewires the word. Hijacks it a little. And the next time they see a steak—or hear the word rare—this might be the first thing that comes to mind. That’s part of the fun.

And yeah, part of this was about pushing the ceiling higher. If Rare works, it lifts everything that came before it. I think about that—how to keep things moving forward, not just for me, but for the collectors who’ve believed in my work from the start. It’s not about hype—it’s about making something that holds.

Your sculpture joins a lineage of high-stakes artworks that provoke intense responses — Fabergé eggs as imperial excess, Damien Hirst’s diamond skull as a meditation on wealth and mortality, Manzoni’s Artist’s Shit as market provocation. In the era of Bitcoin as a decentralized store of value, how does Rare challenge our inherited instincts around luxury, permanence, and what it means for something to be truly “valuable”?

I wanted to create something that felt impossible at first glance—a diamond-and-ruby steak. It’s absurd, sure. But that’s the point. We’re surrounded by noise, and attention has become its own kind of currency. I wanted to cut through it—not just to shock, but to say something about what we value. About what lasts. Like the works you mentioned, Rare plays with extravagance not just to impress—but to provoke.

I’ve spent the last decade creating physical Bitcoin wallets—art that held both currency and trust. I kept my head down, focused on craft, and over time, that turned into a real collector base. Rare isn’t a departure—it’s the next step. Just louder. Still speaking the same language: weight, precision, permanence.

I feel like I’ve earned the right to go there.

With Rare appraised at over $2 million and debuting at a Bitcoin event, the piece sits at the edge of cultural whiplash — a confrontation with both material opulence and Bitcoin’s trajectory. Do you see it as a kind of “future shock” — especially as figures like Michael Saylor suggest Bitcoin could reach $13 million per bitcoin? Even among Bitcoiners, how prepared do you think people are to emotionally process that scale of value?

I’m not even sure what “future shock” means anymore. Maybe it’s not about being surprised by the future—but realizing you’re already behind. A lot of people missed Bitcoin early on, and now they’re watching it run. So yeah, $13 million a coin sounds wild—but maybe what’s wilder is having none.

Things are moving fast—tech, money, culture—and it’s hard to keep up. People are overwhelmed. That’s where something like Rare fits in. It’s physical. You can see it, feel it. In a world where most value is invisible, that matters. Bitcoin’s different—it’s digital, but it still forces you to rethink what’s real. Same with long-term plays like ETFs. They’re all just different ways of asking: where do I put my value?

Most people probably aren’t ready. But no one really is. We’re all trying to figure it out while the ground keeps shifting.

Your earlier works, like the Kialara Labyrinth edition in 2015, helped give Bitcoin one of its first tangible forms — blending design, function, and cryptographic symbolism into a physical object. With Rare, you’ve moved from secure vessel to cultural artifact. How does this evolution mirror Bitcoin’s own transformation — from a niche cypherpunk experiment to a globally recognized store of value and institutional or corporate treasury asset?

In the early days, Bitcoin felt invisible. I wanted to give it a physical form—something fun and engaging people could actually hold. The Kialara series did that. It helped Bitcoin feel real when it was still mostly abstract.

But now Bitcoin is mainstream—ETFs, corporate treasuries, global headlines. It doesn’t need the same kind of validation. It doesn’t need me in the same way. So my role has shifted. With Rare, I’m contributing to the culture around it.

At a time when food, value, and meaning are all in flux… I wanted to create something that holds that tension. I’m not trying to make a nutritional statement, but I get the same feeling from beef and the carnivore movement now that I got from Bitcoin a decade ago—disruptive, controversial, misunderstood. Rare felt like the right place to explore that.

As Bitcoin blurs lines between money, ideology, and art, what do you see as the artist’s role in making sense of this shift — especially when the work itself, like Rare, sits at the intersection of extreme material value and symbolic power?

I’m not sure if the artist’s role is to make sense of the shift—or if the shift happens because the artist shows up. Sometimes we reflect the world. Sometimes we bend it. And today, what counts as an artist is wide open. Satoshi didn’t make traditional art, but he reshaped how we see trust, time, and value. That feels like art to me.

With Rare, I took some of the Earth’s most enduring materials and shaped them into something instinctual—something tied to appetite, ritual, and survival. No electronics. No moving parts. Raw elements from deep underground, shaped into a form we all recognize but rarely stop to consider. A cut of meat, frozen in time. It doesn’t try to explain the moment—it lets the tension sit there. Still. Silent. But alive.

That’s what art can do. It doesn’t hand you meaning—it waits for you to find it.

Rare by Max Mellenbruch will be exclusively available for auction during Bitcoin Conference Las Vegas. The sculpture will be on view in the Deep Vault — a private exhibition space accessible only to Whale Pass holders. Bidding has started on Scarce.City and concludes May 29th.

Max’s book Kialara, chronicling his early Bitcoin journey and the creation of his meticulously crafted physical wallets, can be found here.

Sculpting Scarcity: Artist Maxfield Mellenbruch Brings Rare Steak Worth Millions To Bitcoin 2025

Bitcoin is back in six figures, continuing yet another of its famous zigs when most were expecting a zag.

To review, the world's largest crypto first pushed through $100,000 in December as it rallied hard following Donald Trump's November election victory. The price eventually rose above $109,000 in the hours prior to the Trump inauguration on Jan. 20.

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With the bulls furiously revising their upside price targets higher, things began to crack at that moment. What followed in ensuing weeks was a steady decline, which reached its denouement at just under $75,000 in the panic following Trump's early April announcements of punitive tariffs against U.S. trading partners.

The carnage in many altcions was far worse. Solana (SOL) and ether (ETH), for instance, had peak to bottom declines of more than 60%.

Prices have quickly reversed since, though, with traditional markets joining crypto in looking past the tariff shock. As with bitcoin, the Nasdaq and S&P 500 are both currently at higher levels than prior to Trump's Liberation Day.

This latest push to above $100,000 appears to be due to a trade deal between the U.S. and UK.

It's all about the flows

"The dominant story for bitcoin has changed again," wrote Standard Chartered's Geoff Kendrick in a note Thursday morning. "It is now all about flows. And flows are coming in many forms."

Kendrick took note of the well-reported story about surging inflows into the spot bitcoin ETFs of late. These are sometimes dismissed thanks to a sizable chunk of those flows being offset by basis trades (where hedge funds put on an equal short of bitcoin futures and bank a small yield). Kendrick, however, argued that basis trades have barely moved higher during this latest bout of inflows, suggesting real money is moving into the ETFs.

The 13F institutional reporting of not just spot BTC ETF holdings, but also ownership of major corporate bitcoin holder Strategy (MSTR) will begin rolling in one week from now, and Kendrick expects further confirmation of important players boosting their allocations.

"I apologize that my $120,000 second quarter target may be too low," concluded Kendrick.

Why Is Bitcoin Up Today: BTC Back Above $100K for First Time in 3 Months; Are Upside Targets Too Low?

Macro investor and fund manager Dan Tapiero believes Bitcoin (BTC) could turn bullish amid a potential change in US monetary policy.

In a new thread on the social media platform X, Tapiero says the uncertainty caused by tariffs is having a “growth-dampening impact” on both the US and China.

According to the macro investor, the Federal Reserve could consequently be forced to cut rates, just like China’s central bank already has, catapulting Bitcoin to a rally of over 2x from the current level.

“If US slows hard, could Fed get to 1.4% -250bps (basis points) from here?

Imagine how high Bitcoin would [go] in that scenario.

$200,000+”

Bitcoin is trading at $97,095 at time of writing.

Earlier this week, the central bank of the world’s second-largest economy, the People’s Bank of China (PBOC), announced it would reduce its policy rate it charges commercial banks for short-term loans by 10 basis points from 1.5% to 1.4%.

The PBOC also announced it will lower the reserve requirement ratio, or the amount of cash that commercial banks must hold in reserves, by 50 basis points, per CNBC. Lowering the reserve requirement ratio is expected to release additional liquidity amounting to around one trillion yuan, approximately $138.5 billion, to the market.

Earlier this month, Tapiero said consumer expectations on the US economy have fallen to levels last witnessed during the Global Financial Crisis in March of 2009. The corrective measures that could be taken, argued Tapiero, would impact Bitcoin positively.

“This is extreme data. Much lower rates and US dollar needed to offset fiscal austerity. Fiat debasement equals +BTC.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin to $200,000? Investor Dan Tapiero Says One Catalyst Could Send Bitcoin Flying if US Economy Slows Hard

Coinbase has agreed to pay $2.9 billion to buy bitcoin (BTC) and ether (ETH) options platform Deribit, according to a press release, marking its official push into the highly profitable crypto derivatives market in the U.S.

The crypto exchange, alongside competitor Kraken, had been in talks to buy Deribit for months, with Bloomberg reporting that options giant could be valued at $4 billion to $5 billion.

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Kraken, instead, purchased U.S. futures platform Ninja Trader for $1.5 billion, allowing the exchange to compete with Coinbase in offering futures and derivatives in the U.S.

Coinbase’s acquisition comes after what has been a busy year in crypto dealmaking as companies are positioning themselves in what U.S. President Donald Trump has promised to become the “crypto capital of the world.”

The deal with Deribit includes $700 million in cash and 11 million shares of Coinbase Class A common stock, according to the companies, making it one of the largest deals in the industry.

“We’re excited to join forces with Coinbase to power a new era in global crypto derivatives,” Deribit CEO Luuk Strijers said in a statement.

“As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market," Strijers.

Founded in 2016, Deribit has quickly taken over market share for digital asset options trading. The exchange processed $1.2 trillion in volume in 2024, a 95% year-over-year increase, the company had reported in January.

Coinbase (COIN) Agrees to Buy Crypto Options Giant Deribit in $2.9B Cash, Stock Deal

Data from Bank of America (BofA) reportedly shows that investors appear to be fleeing US markets in the wake of tariff-induced volatility.

The financial giant notes in a new analysis that US equities witnessed an $8.9 billion outflow in the week leading up to April 30th, CNBC reports.

European equities, by contrast, witnessed a $3.4 billion inflow in the week leading up to April 30th, and Japanese stocks saw a $4.4 billion inflow.

BofA also notes that for every $100 worth of inflow into the US stock market since the presidential election last November, there was $5 worth of outflow in the past three weeks.

The crypto sector witnessed inflows of $2.3 billion in the past week, and high-yield bonds saw inflows of $3.9 billion, suggesting investor appetite for risk, according to BofA. Gold and Treasuries, by contrast, saw a combined $6 billion worth of outflows.

The bank notes that its clients are now more worried about deflation than inflation and have been adjusting their portfolios accordingly, acquiring shares of utilities and low-volatility, high-dividend exchange-traded funds (ETFs).

Last month, Bank of America’s team of market strategists warned that the US stock market’s recovery could be short-lived, advising clients to “sell into rallies in US stocks and the dollar.”

The bank strategists said debasement of the US dollar is the “cleanest investment theme to play.”

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Bank of America Says Investors Pulled $8,900,000,000 out of US Markets in One Week, Fleeing to Foreign Markets: Report

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market is a sea of green as traders look past the stagflation specter raised by the Fed on Wednesday and cheer President Donald Trump's hint of a big trade-deal announcement with a major trading partner.

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Bitcoin jumped 2.6%, nearing $100,000, even with the WSJ reporting that the announcement could be more of a framework for talks than actual confirmation of an agreement. The wider market put in bigger gains, with XRP, ETH, ADA, DOGE and several other coins rising 4% to 6%. Tokens associated with memecoin projects, layer 1s and DeFi are leading the market higher.

In key news, cumulative inflows into the U.S.-listed spot bitcoin exchange-traded funds (ETFs) have hit an all-time high of $40.62 billion, signaling continued institutional adoption. (Check Chart of the Day.)

On Thursday, Arizona became the second U.S. state to pass a bitcoin reserve bill. The regulation allows the state to take ownership of abandoned coins in the event that the owner ignores messages sent within three years. It also lets the state make BTC investments.

An ether whale ICO participant sold 5,200 ETH at $9.54 million, extending a series of recent liquidations. The whale still holds 8,300 ETH ($15.28 million).

Decentralized layer-1 blockchain Avalanche's C-Chain registered the highest amount of transactions in two years, with the median gas cost of just $0.00078. The AVAX token traded 7% higher at $21 at press time.

Stripe unveiled a new feature called Stablecoin Financial Accounts, powered by Bridge, unlocking access to dollar-denominated services in over 100 countries.

On the macro front, the first quarter U.S. unit labor cost data will be watched by traders for signs of sticky wage price inflation that could potentially delay the Fed rate cuts. Stay alert!

What to Watch

Crypto: May 8: Judge John G. Koeltl will sentence Alex Mashinsky, the founder and former CEO of the now-defunct crypto lending firm Celsius Network, at the U.S. District Court for the Southern District of New York. May 12, 1 p.m. to 5:30 p.m.: A U.S. SEC Crypto Task Force Roundtable on "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet" will be held at the SEC's headquarters in Washington.

Macro May 8, 7 a.m.: The Bank of England announces its interest-rate decision. The Monetary Policy Report Press Conference is livestreamed 30 minutes later. Bank Rate Est. 4.25% vs. Prev. 4.5% May 8, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 3. Initial Jobless Claims Est. 230K vs. Prev. 241K May 8, 10 a.m.: President Donald Trump will reportedly unveil the framework of a trade deal with the U.K. at a White House press conference. May 9-12: Chinese Vice Premier He Lifeng will hold trade talks with U.S. Treasury Secretary Scott Bessent during his visit to Switzerland.

Earnings (Estimates based on FactSet data) May 8: CleanSpark (CLSK), post-market, $-0.11 May 8: Coinbase Global (COIN), post-market, $1.88 May 8: Hut 8 (HUT), pre-market, $-0.10 May 8: MARA Holdings (MARA), post-market, $-0.52 May 13: Semler Scientific (SMLR), post-market

(Estimates based on FactSet data)

Token Events

Governance votes & calls Arbitrum DAO is voting on whether to put the last $10.7 million from its 35 million ARB diversification plan into three low‑risk, dollar‑based funds from WisdomTree, Spiko and Franklin Templeton. Voting ends on May 8. Compound DAO is voting on which new collateral type to prioritize on Compound V3. Voting ends May 8. May 8, 10 a.m.: Balancer and Euler to host an Ask Me Anything (AMA) session. May 15, 10 a.m.: Moca Network to host a Discord townhall session discussing network updates.

Unlocks May 9: Movement (MOVE) to unlock 2.04% of its circulating supply worth $8.08 million. May 11: Solayer (LAYER) to unlock 12.87% of its circulating supply worth $35.66 million. May 12: Aptos (APT) to unlock 1.82% of its circulating supply worth $57.45 million. May 13: WhiteBIT Coin (WBT) to unlock 27.41% of its circulating supply worth $1.14 billion. May 15: Starknet (STRK) to unlock 4.09% of its circulating supply worth $17.7 million.

Token Launches May 8: AIXBT to be listed on Binance.US. May 8: Space and Time (SXT) to be listed on Binance, MEXC, BingX, KuCoin, Bitget and others. May 16: Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) to be delisted from Coinbase.



Conferences

CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.

Token Talk

By Shaurya Malwa

$3, just $3.

That's all Movement network earned in fees over the past 24 hours, DeFiLlama data shows, the lowest in a week for the embattled chain once valued at $1 billion.

Daily DEX volumes have cratered below $500K, a dramatic fall from earlier exuberance that saw the network process more than $2 million a day.

The slide comes days after CoinDesk reported irregularities with how the MOVE token was distributed and supplied to trading firms.

Ironically, the MOVE token launched before the chain existed, raising millions via private sales while the actual blockchain infrastructure lagged far behind.

The project handed out 66 million MOVE tokens (5% of supply) to a market-making firm called Rentech, which dumped nearly all of it for $38 million.

Founder Rushi Manche was terminated on May 7, just days after being suspended. He admitted to “zero oversight” and blamed bad-faith advisers for the project’s collapse in X posts following the CoinDesk report.

MOVE has fallen over 85% from its peak of $1.45 in December 2024 to just 15 cents.

With no trust, no traction and, now, almost no fees, Movement has turned into the cautionary tale of 2025 — a billion-dollar paper promise with a $3 reality.

Derivatives Positioning

BTC and ETH perpetual funding rates rose close to an annualized 10%, signaling a strengthening bullish mood in the market.

BTC, ETH futures premium on the CME still remain under 10%.

On Deribit, bitcoin and ether options risk reversals show a bullish bias for calls across multiple time frames.

Notable block trades include a short position in the $85K BTC put expiring in June and a calendar spread involving calls at strikes $140K and $170K, expiring on Sept. 26 and Dec. 26, respectively.

Market Movements:

BTC is up 3.49% from 4 p.m. ET Wednesday at $99,620.26 (24hrs: +2.77%)

ETH is up 7.76% at $1,939.15 (24hrs: +5.11%)

CoinDesk 20 is up 5.75% at 2,854.54 (24hrs: +3.81%)

Ether CESR Composite Staking Rate is down 6 bps at 2.894%

BTC funding rate is at 0.0048% (5.2242% annualized) on Binance

DXY is up 0.48% at 100.09

Gold is down 1.25% at $3,343.61/oz

Silver is down 0.25% at $32.40/oz

Nikkei 225 closed +0.41% at 36,928.63

Hang Seng closed +0.37% at 22,775.92

FTSE is up 0.39% at 8,592.98

Euro Stoxx 50 is up 1.21% at 5,293.07

DJIA closed on Wednesday +0.7% at 41,113.97

S&P 500 closed +0.43% at 5,631.28

Nasdaq closed +0.27% at 17,738.16

S&P/TSX Composite Index closed +0.75% at 25,161.18

S&P 40 Latin America closed -0.2% at 2,512.07

U.S. 10-year Treasury rate is up 5 bps at 4.315%

E-mini S&P 500 futures are up 1.03% at 5,170.00

E-mini Nasdaq-100 futures are up 1.4% at 20,240.00

E-mini Dow Jones Industrial Average Index futures are up 0.82% at 41,552.00

Bitcoin Stats:

BTC Dominance: 65.08 (-0.44%)

Ethereum to bitcoin ratio: 0.01942 (4.02%)

Hashrate (seven-day moving average): 909 EH/s

Hashprice (spot): $53.34

Total Fees: 6.64 BTC / $661,908.40

CME Futures Open Interest: 142,255 BTC

BTC priced in gold: 29.5 oz

BTC vs gold market cap: 8.37%

Technical Analysis

XRP-ETH ratio. (TradingView/CoinDesk)

The XRP-ETH ratio has dived out of the year-to-date ascending trendline.

The breakdown suggests ether outperformance relative to XRP in the days ahead.

Crypto Equities

Strategy (MSTR): closed on Monday at $392.48 (+1.78%), up 5.35% at $413.49 in pre-market

Coinbase Global (COIN): closed at $196.56 (-0.17%), up 4.77% at $205.94

Galaxy Digital Holdings (GLXY): closed at C$26.49 (+2.28%)

MARA Holdings (MARA): closed at $13.33 (+1.37%), up 5.55% at $14.07

Riot Platforms (RIOT): closed at $7.84 (-0.25%), up 5.1% at $8.24

Core Scientific (CORZ): closed at $8.90 (-1%), up 5.28% at $9.37

CleanSpark (CLSK): closed at $8.03 (-0.74%), up 5.23% at $8.45

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $14.59 (+0.34%), up 5.89% at $15.45

Semler Scientific (SMLR): closed at $33.05 (-0.12%), up 4.99% at $34.70

Exodus Movement (EXOD): closed at $40.01 (+1.34%), up 0.25% at $40.11

ETF Flows

Spot BTC ETFs:

Daily net flow: $142.3 million

Cumulative net flows: $40.68 billion

Total BTC holdings ~ 1.17 million

Spot ETH ETFs

Daily net flow: -$21.8 million

Cumulative net flows: $2.48 billion

Total ETH holdings ~ 3.45 million

Source: Farside Investors

Overnight Flows

Chart of the Day

Cumulative inflows into the spot bitcoin ETFs. (Source: Checkmate)

The chart shared by pseudonymous analyst Checkmate shows the cumulative inflows into the U.S.-listed spot bitcoin ETFs have hit a record high above $40 billion.

Early this week, BlackRock's IBIT surpassed the SPDR gold ETF in year-to-date inflows.

While You Were Sleeping

In the Ether

Crypto Daybook Americas: Trump Trade Tease Lifts Market While Movement's Fees Evaporate

Billionaire Bill Ackman’s hedge fund, Pershing Square, has spent nearly $1 billion to accumulate shares of one real estate development firm.

Perishing Square has poured $900 million into buying 9 million shares of Howard Hughes Holdings (HHH).

Ackman’s fund paid a premium of 48% compared to HHH’s closing stock price last Friday and now controls 46.9% of the real estate firm’s shares, per a new press release.

Ackman, who has been named the executive chairman of the HHH board of directors, says the investment will help expand HHH into a diversified holding company.

“HHH has built substantial value for shareholders in recent years that has largely gone unrecognized due to the high cost of capital that the market assigns to the Company in light of its pure-play exposure to real estate development and community creation. We believe that HHH is a superb platform to build a faster-growing, high-returning holding company that will acquire control of companies that meet Pershing Square’s criteria for business quality and durable growth.”

In an interview with Yahoo Finance, Ackman noted he made the investment with eyes toward following in the footsteps of legendary investor Warren Buffett.

“The story begins arguably when I began my career. Very early on, Warren Buffett, Berkshire Hathaway letters, beginnings of my investment education. And the story of Berkshire Hathaway, Buffett buying basically control of a textile business and then transforming it over time into a diversified holding company.”

Ackman says “the ultimate investment dream” is to have a public company built with permanent capital.

“You can follow investment principles and build a business of significance. And that’s what Warren has achieved, that’s what we hope to achieve with Howard Hughes.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Billionaire Bill Ackman Pours $900,000,000 Into NYSE-Listed Firm in Push To Follow Warren Buffett’s Footsteps

Bitcoin (BTC) flirted with $100,000 Thursday as major cryptocurrencies including dogecoin (DOGE) and Cardano’s ADA led crypto market gains, boosted by dovish signals from the Federal Reserve and a pending trade deal teased by U.S. President Donald Trump.

DOGE added 5% and ADA jumped 4%, while ether (ETH), BNB Chain’s BNB, xrp (XRP) and Solana’s SOL gained 2%-3%. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens, rose 2.2%.

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In a social media post late Wednesday, Trump said the U.S. will unveil a “big” trade deal with a “highly respected country” at a press conference slated for 10 a.m. ET. Bloomberg, the Financial Times and New York Times all identified the country as the U.K.

The announcement would mark the start of “many” such deals, Trump added, raising speculation that months of tariff-fueled uncertainty is set to ease, possibly reviving risk appetite across global markets.

Tariff concerns have rocked equities and commodities in recent weeks. Any resolution that improves cost dynamics for U.S. businesses could serve as a tailwind for risk assets, including crypto.

Meanwhile, the Federal Reserve’s decision to hold interest rates steady on Wednesday was no surprise, though it left markets divided on when cuts might begin.

The CME FedWatch Tool shows probabilities for a July cut to the 4.00%-4.25% range at 55%, even as traders priced in a cumulative 100 basis points of easing by year-end.

“Bitcoin is inching back up to $100k with the steady Fed rate decision and the topic of future rate cuts having more consideration by traders,” said Semir Gabeljic, head of Pythagoras Investments. “Based on the current administration’s pressure on the Fed chair, anything is a possibility—uncertainty is the only certainty.”

Other observers warned that policymakers could be walking into a period of stagflation, which occurs when high inflation, stagnant economic growth and rising unemployment occur simultaneously — considered highly detrimental for a healthy economy.

“The Federal Reserve faces an intensifying policy dilemma that threatens both sides of its dual mandate,” said Gabe Selby, head of research at CF Benchmarks, told CoinDesk in a message.

“With businesses largely passing rising tariff costs onto consumers ... inflation is expected to reaccelerate over the next six months, while labor market indicators point to a deteriorating employment outlook,” Selby said.

Selby added that while CF Benchmarks still anticipates “around 100bps of rate cuts by year-end,” the Fed could err by acting too late, risking further economic pain.

“In this volatile macro backdrop, bitcoin has clearly emerged as a key beneficiary,” Selby noted, citing record inflows into U.S. spot bitcoin ETFs, including BlackRock’s IBIT, which has seen $4.3 billion in inflows over the past month.

Meanwhile, Jupiter Zheng, a partner at HashKey Capital, said BTC's recent price moves are part of a broader structural shift.

“Bitcoin's rise is a testament to its hedge against macroeconomic and geopolitical volatility,” Zheng said. “Investors increasingly view crypto as a core part of resilient portfolios.”

Read more: Fed Stagflation Risk Signal Could Be Bullish for Bitcoin, Analyst Says

DOGE, ADA, BTC Price News: Dogecoin, Cardano Lead Crypto Gains as Traders Weigh Fed Actions

The US dollar could suffer a major sell-off by Asian investors and exporters triggered by trade tensions, according to a pair of macroeconomic and currency strategists.

Eurizon SLJ Capital’s analysts Stephen Jen and Joana Freireat say in a new investment note that Asian investors have accumulated a massive pile of USD that could be ditched en masse if trade wars intensify and the dollar weakens, reports Bloomberg.

According to the analysts, if the US-driven trade conflict grows, a significant number of Asian investors could bring substantial capital back home or seek to bolster their defenses against a declining USD.

That, they warn, could leave the dollar facing a $2.5 trillion “avalanche” of selling.

“We suspect these dollar hoardings by Asian exporters and institutional investors may be extremely large – possibly on the order of $2.5 trillion or so – and pose sharp downside risks to the dollar vis-à-vis these Asian currencies.”

Bloomberg says its dollar gauge has dropped about 8% from a February high. Meanwhile, Asian currencies have strengthened versus the greenback in the past month.

President Trump signed an executive order in April that imposed a 10% tariff on all imported goods entering the US, with the stated aim of increasing domestic manufacturing. The President also issued a proclamation that slapped reciprocal tariffs on dozens of countries.

The Trump administration says it is currently engaging with more than a dozen countries around the world to craft new trade deals.

Meanwhile, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts to discuss trade and economic issues in Switzerland this week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Analysts Say $2,500,000,000,000 ‘Avalanche’ of Selling Could Hit US Dollar, Warn Trade Wars Threatening Greenback’s Appeal: Report

Bitcoin zoomed close to $100,000 early Thursday as President Donald Trump said a tariff deal with a “big, highly respected country” is to be announced soon.

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Trump will hold a “major” trade deal news conference at 10 a.m. ET, where the announcement is supposed to be the “first of many.”

The identity of the country involved remains unclear. Still, some reports say it is believed to be the U.K. Easing tariffs could soften inflationary pressures and improve the backdrop for investing in crypto, tech, and other high-beta assets.



Bitcoin has gained more than 5% in the past 24 hours, extending its weeklong rally as macroeconomic conditions improve.

A combination of falling bond yields, a weakening dollar, and renewed institutional flows into spot bitcoin ETFs has fueled upward momentum.

The announcement also comes amid rising political pressure on U.S. leaders to counter China’s growing influence and revive domestic manufacturing. While full details remain under wraps, any rollback of tariffs could quickly buoy prices of risk assets.

Новини про ціну BTC : Bitcoin наближається до 100 тисяч доларів, оскільки Трамп натякає на «велику» торговельну угоду

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