News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Ledn’s John Glover gives some price targets to watch for bitcoin
Quick Take Tech giant Microsoft placed an “assessment in investing in bitcoin” as a shareholder voting item on the agenda for its annual meeting.
SAND and MANA are up 137.48% and 96.98%, respectively in the past month. KAIA announced mini Dapps on LINE, and listing on HashKey turned KAIA bullish. EigenLayer also introduced EigenGov, providing more power to EIGEN holders.
Quick Take GMCI’s price indices show that the top memecoins have lost their upward momentum, while DeFi tokens show stronger growth. Market participants may be shifting back to tokens with fundamentals, one analyst said.
- 22:13The probability of the Federal Reserve keeping rates unchanged in June is 91.4%According to CME "FedWatch": The probability of the Federal Reserve keeping rates unchanged in June is 91.4%, and the probability of a 25 basis point rate cut is 8.6%. The probability of the Federal Reserve keeping rates unchanged in July is 66.9%, with a cumulative probability of a 25 basis point rate cut at 30.8% and a cumulative probability of a 50 basis point rate cut at 2.3%.
- 21:48BlackRock IBIT's Current Holdings Near 660,000 BitcoinsBlackRock officially updated its spot Bitcoin ETF holdings information. As of May 16, BlackRock IBIT holds 65,976,252 Bitcoins, exceeding 3% of the total Bitcoin supply. Its holdings are valued at over $65.9 billion.
- 21:48Willy Woo: Few Publicly Investable Assets Can Match Bitcoin's Long-term PerformanceCryptocurrency analyst Willy Woo stated on the X platform, "Bitcoin has long passed the stage of several-fold annual growth as seen in 2017. In 2020, Bitcoin began to institutionalize, with corporations and sovereign nations increasing their holdings, and the compound annual growth rate dropped from over 100% to 30-40%. As the network continues to store more capital, the annual compound growth rate shows a declining trend. Bitcoin is now traded as the latest macro asset in 150 years, and it will continue to absorb global capital until it reaches some 'equilibrium point.' Considering the long-term monetary expansion is about 5% and GDP growth is 3%, I believe Bitcoin's eventual compound annual growth rate will stabilize at around 8%. It may take another 15 to 20 years to reach the 'equilibrium point.' There are almost no other publicly investable assets that can match Bitcoin's long-term performance.