PancakeSwap price jumped more than 9% in 24 hours as the decentralized exchange saw its daily trading volume spike to a high of $2.2 billion, leading the sector. The price of PancakeSwap (CAKE) topped $2.37, the decentralized exchange’s native token…

PancakeSwap price surges as 24h DEX volume hits $2.2b

WSJ reports that China is eyeing potential assistance in cracking down on the 
fentanyl trade in North America as a possible pretext for starting China-U.S. 
trade negotiations. Fentanyl overdoses take the lives of dozens of thousands 
of people in the…

China may help the US fight the deadly fentanyl epidemic to get a seat at the trade negotiation table

Explosive institutional demand and surging ETF inflows have shattered legacy 
market models, triggering a dramatic reversal from a top analyst and setting 
the stage for bitcoin’s next breakout. Massive Institutional Demand Forces Top 
Analyst to Flip on Bitcoin Bull Cycle Bitcoin’s resilience in recent weeks has 
prompted a sharp change in outlook from one of […]

Bitcoin Bull Cycle Isn’t Over—Top Analyst Sees Institutional Tsunami

BlackRock&#8217;s expanded quantum risk disclosure highlights the urgent need for 
quantum-resistant solutions to safeguard digital assets&#8217; security.
The post BlackRock expands quantum risk disclosure in amended Bitcoin ETF 
filing appeared first on Crypto Briefing.

BlackRock expands quantum risk disclosure in amended Bitcoin ETF filing

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the 
bullish outlook that many analysts projected for 2025. This move places BTC 
deep into range-highs territory, with the next major challenge now clearly in 
sight: the all-time high at $109,000. The market’s strength comes on the back 
of strong technical performance and increasingly optimistic sentiment, as BTC 
continues to lead the crypto rally and altcoins follow suit. Related Reading: 
Cardano Approaches Critical Resistance – Break Above Could Trigger Move To 
$0.80 On-chain data from CryptoQuant adds further weight to the bullish 
narrative. One standout metric highlights the growing confidence among large 
holders: the absolute difference between the Realized Price of new whales and 
old whales now stands at $59.7K. Specifically, new whales have entered the 
market at an average price of $91.9K, while old whales&#8217; basis remains at 
$32.2K. This translates to a 185% relative spread to the long-term holder 
(LTH) basis—a massive divergence. This wide gap signals that a new wave of 
high-conviction buyers is entering the market at significantly elevated 
prices. Unlike the cautious whale accumulation during previous cycle lows, 
this phase reflects strong belief in continued upside, even at premium levels. 
It’s a clear sign that institutional FOMO may be kicking in. Bitcoin Faces 
Resistance At $104K As Whale Activity Signals Growing FOMO Bitcoin is 
currently encountering resistance around the $104,000 mark—a level that may 
take time to break as it represents a critical barrier before entering price 
discovery above the all-time high near $109,000. The recent rally has shown 
remarkable strength, but as BTC consolidates just below its ATH, some selling 
pressure is expected. A successful breakout could lead to a swift surge beyond 
$109K; however, failure to do so may result in short-term consolidation or 
retracement. Top analyst Axel Adler shared key on-chain insights on X that 
highlight the evolving psychology of Bitcoin&#8217;s largest holders. According to 
Adler, the absolute difference between the Realized Price of new whales 
($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative 
spread to the long-term holder (LTH) basis. This sharp divergence reveals that 
new “whales” are entering the market at nearly three times the price of early 
entrants. In comparison, the same spread in November 2022 was only 62%, 
indicating more cautious accumulation near the market bottom. The current 
surge to 185% reflects rising confidence and FOMO, with large buyers willing 
to accumulate even at elevated prices. For context, during the 2021 cycle peak 
at $63K, the spread widened to 437%. Related Reading: Ethereum ‘Extremely 
Undervalued Against BTC’ – Supply Pressure May Delay Recovery This trend 
suggests that the market is entering a more aggressive accumulation phase, 
where belief in higher prices is driving demand despite the premium. If bulls 
manage to absorb the resistance around $104K, it could mark the start of a 
parabolic move—fueled not just by momentum, but by conviction from both retail 
and institutional players betting on a new Bitcoin all-time high. BTC Price 
Analysis: Key Levels To Watch Bitcoin is trading around $103,000 after 
reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing 
resistance at the $103,600 level, which aligns with a key supply zone from 
late December 2024 and early January 2025. This area acted as a previous 
rejection point during the last major rally and is now being tested again as 
potential resistance. BTC’s recent surge from the $87K–$90K consolidation zone 
has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at 
$91,806 and $89,400, respectively) with strong volume. This confirms bullish 
strength and trend continuation, suggesting that buyers are still in control. 
However, the current range between $103K and $104K is historically 
significant, and bulls may need to absorb selling pressure before attempting a 
move toward the all-time high near $109K. Related Reading: XRP Bulls Expect A 
Breakout As Price Compresses Between Key Levels – Details If BTC consolidates 
above $100K and holds this level as new support, it would strengthen the case 
for continued upside. On the flip side, failure to break above $103,600 
cleanly could lead to a short-term pullback. Market structure remains bullish 
overall, but this resistance zone will be critical in determining whether 
Bitcoin enters price discovery or pauses for accumulation. Featured image from 
Dall-E, chart from TradingView

Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels

U.S. banks get green light to expand crypto services with fresh OCC guidance 
fueling regulatory clarity and innovation in digital assets. New OCC Guidance 
Expands Crypto Role for Banks The Office of the Comptroller of the Currency 
(OCC) announced on May 7 the release of Interpretive Letter 1184, offering 
fresh guidance that reaffirms national banks’ […]