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Quick Take The Tokyo-listed firm plans to use the funds raised from bond sales to purchase more bitcoin. The company currently holds over 1,018 BTC.
Cardano’s $ADA rallies nearly 20%, testing the $0.726 level. Founder Charles Hoskinson hints at involvement in shaping U.S. crypto policies. Bitcoin’s positive momentum propels Cardano’s potential $2.48 breakout.
Bitcoin is expected to hit $100,000 by the end of the year, predicted an analyst. The analyst also stated that now is the correct time to trade crypto. A range of $80K-$84K is good for buying Bitcoin.
Polish presidential candidate Sławomir Mentzen promises to adopt Bitcoin reserve if he wins. The move resembles Donald Trump’s Bitcoin reserve strategy to uplift the US into a crypto capital. Countries like the US adopt Bitcoin as a national reserve to hedge against growing inflation.
Quick Take Analysts at Bernstein outlined the key catalysts for bitcoin to reach their cycle target of $200,000. Bitcoin is currently approaching fresh all-time highs — trading for around $92,000, according to The Block’s Bitcoin Price Page.
Quick Take Newly introduced amendments from the Russian government classify crypto income as property, with a maximum tax rate of 15%.
- 20:36Trump to Speak with Russian President Putin on MondayOn May 17, U.S. President Trump stated that he would have a phone call with Russian President Putin at 10 a.m. (local time) on Monday (10 p.m. UTC+8), followed by a conversation with Zelensky, and then talks with NATO member countries. (Jin10)
- 20:36Current Mainstream CEX and DEX Funding Rates Indicate Market Has Turned BearishAccording to Coinglass data, the current funding rates of major CEX and DEX indicate that the market has shifted towards bearish trading. The specific funding rates for major cryptocurrencies are shown in the attached image. Note from BlockBeats: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, typically applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
- 20:34Lightchain AI Mainnet to Launch in JulyAccording to a report by Bitcoin.com, the mainnet of the blockchain project Lightchain AI will go live in July, introducing a decentralized AI marketplace. Previously, it was reported that the blockchain project Lightchain AI announced the official launch of its testnet and completed a $15 million financing round.