Coinbase CEO Brian Armstrong revealed that the company once debated copying Michael Saylor’s aggressive Bitcoin-buying strategy. The 42-year-old billionaire, during a live Q&amp;A session via X on May 9, discussed details regarding Coinbase&#8217;s balance sheet. While Armstrong considered putting most…

Coinbase CEO says ‘no’ to Saylor strategy: Why Brian Armstrong passed on the Bitcoin balance sheet bet

Ethereum prices have surged by over 19% in the past day, reaching almost 
$2,500 as a general crypto market resurgence continues. Amidst investors&#8217; 
euphoria, prominent crypto analyst and OKC Partner Ted Pillows has tipped the 
prominent altcoin to sustain its bullish form, reaching a market price of 
$12,000 in 2025. Related Reading: Ethereum Stuck Between Retail Sell-Off And 
Whale Accumulation, Analyst Explains Institutional Adoption, DeFi Status To 
Drive Ethereum Market, Among Others In an X post on May 9, Ted Pillows 
provided some valuable insights into the bullish potential of the Ethereum 
market. The angel investor and KOL stated there are five reasons ETH investors 
should be expecting profits of about 600% before 2025 runs out. Firstly, 
Pillows has hinted that Ethereum is likely to experience the highest level of 
institutional adoption among altcoins. Amidst a pro-crypto US government and 
the growing chances of a digital asset regulatory framework, institutional 
investors are likely to start diversifying their capital to other 
cryptocurrencies aside from Bitcoin. As seen with the spot exchange-traded 
funds (ETFs), Ethereum ranks high ahead of other altcoins for portfolio 
additions, considering its position as the second-largest cryptocurrency with 
a 7.24% market share, and an extensive smart contract application. In 
particular, Ted Pillows emphasizes Ethereum’s dominance in smart contract 
programmability as another reason for investors to be highly bullish. 
According to DefiLlama, the Ethereum blockchain currently holds 80.17% of RWA, 
51.01% of circulating stablecoins, and 53.29% of total value locked (TVL) in 
DeFi, indicating much potential for network adoption and price growth amidst a 
crypto bull market. Another possible market trigger highlighted by Ted Pillows 
centers on the potential introduction of Ethereum ETF staking. Deadlines for 
the SEC’s decision on the proposed staking option lie in late May &amp; late 
August. However, Bloomberg analyst James Seyfart has indicated there is much 
potential for the Commission to wait till the final deadline in October, as 
seen with the ETH options trading. The introduction of staking is likely to 
drive inflows into the Ethereum ETFs as it provides an additional means of 
income for investors. Staking would allow ETFs custodians to lock up ETH on 
the Ethereum network to serve as a validator for a defined period and earn a 
commission in return. Token Burn Post-Pectra Upgrade Signals Good Times Ahead 
Among other potential bullish drivers, Ted Pillows also points to the high 
level of ETH Burn following the launch of the Pectra network upgrade on May 7. 
A high burn rate indicates rising scarcity, which is always good for the 
market price appreciation. Finally, Ted Pillows hints at the growing potential 
of a risk-on environment later in 2025 as the US Federal Reserve is expected 
to cut interest rates and begin quantitative easing, which would encourage 
investments in volatile assets such as cryptocurrencies. At press time, 
Ethereum continues to trade at $2,334 following a slight market retracement in 
the last few hours. Notably, the asset’s trading volume is up by 62.81% and 
valued at $49.85 billion. Related Reading: Sovereigns Are Buying Billions Of 
Bitcoin, Says Anthony Scaramucci Featured image from Pexels, chart from 
Tradingview

Here Are 5 Reasons Ethereum May Reach $12,000 In 2025 – Analyst

As trade war headlines faded into the background last week, markets 
exhaled—and bitcoin broke above $97,000. Meanwhile, Token2049 Dubai offered 
both spectacle and substance. This editorial is from last week’s edition of 
the Week in Review newsletter. Subscribe to the weekly newsletter to get the 
editorial the second it’s finished. Bitcoin and Token2049 Dubai Bitcoin […]

Zipline to the Moon!

Investors of Bitcoin Satoshi&#8217;s Vision (BSV) &#8212; a hard fork of Bitcoin Cash 
(BCH), which itself is a hard fork of the Bitcoin (BTC) protocol, are 
attempting to revive a 2019 lawsuit against crypto exchange Binance for 
delisting the altcoin, which the litigants claim stunted the price of BSV. 
According to Law360, attorneys for the plaintiffs argued that a July 2024 
decision from the UK Competition Appeal Tribunal dismissing the &#8220;loss of 
chance&#8221; claim made against Binance for delisting the token, should be 
reconsidered. The litigants demanded $9 billion in damages, in the original 
case.
The investors continue to claim that Binance&#8217;s 2019 delisting of BSV and 
similar major exchange delistings are the primary drivers of BSV&#8217;s long-term 
price decline and its failure to attract the investor attention enjoyed by 
Bitcoin.
_BSV has been in a long-term price decline and has failed to capture investor 
attention. Source:__TradingView_
If the coalition of BSV investors manages to push through their legal argument 
and win in court, they could seek up to 10 billion British pounds (GBP), or 
roughly $13 billion, in damages from the exchange.
The price of BSV surged by approximately 15% following the news and is 
currently trading at around $42. However, the altcoin remains in a long-term 
downtrend and has failed to capture the vast majority of the economic or 
computing power from the Bitcoin network.
_**Related:**__**Nike sued for $5 million over its shutdown of NFT platform 
RTFKT**_
## Binance delists BSV due to founder Craig Wright&#8217;s behavior
Binance delisted BSV in April 2019 after announcing that the token failed to 
meet its listing standards due to the actions of BSV creator Craig Wright, who 
is infamous in the crypto world for falsely asserting that he is Bitcoin 
creator Satoshi Nakamoto.
Former CEO of the Binance exchange, Changpeng Zhao warned BSV of an impending 
delisting if Wright continued to make the claims that he was Bitcoin&#8217;s 
pseudonymous creator.
Since that time, BSV has suffered several 51% attacks, a type of exploit where 
malicious nodes control a majority of the computing power on the network and 
can double-spend funds &#8212; removing one of the core mechanisms that make 
digital currencies valuable.
_**Magazine:**__**This is your brain on crypto: Substance abuse grows among 
crypto traders**_

Bitcoin SV investors attempt to resurrect 2019 Binance lawsuit

Bill Miller IV, chief investment officer at Miller Value Partners, told CNBC 
that cryptocurrency governance is rapidly evolving. He added that bitcoin has 
once again crossed the six-figure threshold and, in his view, still “has a lot 
of room to go.” Miller Calls Bitcoin a Check on Fiat Abuse, Hints at $20T 
Potential During the […]

‘A Lot of Room to Go’: Bill Miller IV Sees Bitcoin Still Early in Its Ascent

With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 
6-month roadmap on the flagship crypto’s journey to new all-time highs (ATHs). 
The analyst predicted BTC could rally to as high as $188,000 by the sixth 
month. The Roadmap For Bitcoin’s ‘Flight Plan’ To $188,000 In an X post, Leo 
Hart outlined Bitcoin&#8217;s “flight to the moon” plan for the next six months, 
during which he expects the flagship crypto to rally to $188,000. For stage 
one, which he dubbed the ‘Maximum Power Law Trend Departure,’ the analyst 
stated that the target is $108,000, and predicts that BTC will reach this 
price level in the next two weeks. Related Reading: Bitcoin Price To $150,000: 
BTC Is Mirroring Bullish Fractal From 2020 He further explained that this 
Bitcoin price level is 36 days from the first quarter point in his 
mathematical calculation. The analyst also highlighted the green rectangle 
near the Power Law Trend in his accompanying chart, which shows the maximum 
deviation from the PLT. For the second stage, ‘Maximum Absolute Wave Height’ 
(MAWH), Leo Hart stated that Bitcoin&#8217;s target at this stage is $145,500, and 
the timeline is two months. This means that BTC can reach this target by July, 
which would mark a new ATH for the flagship crypto. The analyst noted that 
this price target is the peak, represented by the horizontal tangent to the 
upper boundary in the chart. The third stage is the Red Zone Entry Point 
(RZEP), and the target is $188,000. Bitcoin is expected to reach this price 
level in the next four months. However, the analyst didn’t explain why BTC can 
hit this price level. Meanwhile, he also mentioned a fourth stage called ‘Zero 
Gravity and Re-entry.’ He explained that beyond stage 3, market participants 
will enter a zero-gravity phase with unknown parameters, followed by the 
descent from orbit, hinting at a potential price crash. BTC’s Journey To A New 
ATH Has Begun Crypto analyst Rekt Capital indicated that Bitcoin’s journey to 
a new all-time high has begun. In an X post, he noted that BTC has rejected 
from the $104,500 level, which was part of his initial theory on how the 
flagship crypto could reach a new ATH. Related Reading: Bitcoin Price Flashes 
Signal That Has Led To A Surge Every Time Following this rejection, the 
analyst predicts that the next step is for Bitcoin to hold the $97,000 to 
$99,000 range as support. Once that happens, he expects the flagship crypto to 
break out to new ATHs. His accompanying chart suggested that BTC could rally 
to $110,000 in the short term. Crypto analyst Titan of Crypto also confirmed 
that the $135,000 target is still in play for 2025. At the time of writing, 
the Bitcoin price is trading at around $103,400, up in the last 24 hours, 
according to data from CoinMarketCap. Featured image from Unsplash, chart from 
Tradingview.com