The Northern Mariana Islands, a U.S. territory in the Pacific, has passed legislation allowing its island of Tinian to issue a government-backed stablecoin. On May 15, lawmakers in the Northern Mariana Islands House voted 14-2 to override Governor Arnold Palacios’…

Northern Mariana Islands passes bill to issue government-backed MUSD stablecoin

Galaxy Digital is in discussions with the U.S. Securities and Exchange 
Commission about tokenizing its own shares and potentially other equities 
using its in-house digital asset platform. The move could allow Galaxy’s stock 
to be used in decentralized finance applications…

Galaxy Digital eyes tokenizing its own shares in SEC talks

Rising U.S. Treasury bond yields are fueling fears of tighter financial 
conditions, and potential recession risks as global markets grapple with 
heightened volatility. Flight to Safety or Prelude to Panic? Bond Market 
Signals Turn Ominous The yield on the benchmark 10‑year U.S. Treasury note 
stood at 4.45% on Thursday, May 15, 2025, while the 30‑year […]

Bond Vigilantes Return: Rising Yields Fuel Recession Fears

With Bitcoin hovering around $104,000, PlanB is already mapping a path to 
$400,000, though some see more fiction than forecast. Bitcoin&#8217;s (BTC) recent 
rally to $104,000 has put bulls back in the driver’s seat. At least that&#8217;s the 
takeaway from…

PlanB doubles down on $400k target for Bitcoin, analysts urge caution

**Key points:**
 * Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction.
 * Price discovery is keenly awaited, but downside predictions include levels further toward $90,000.
 * BTC/USD has delivered highly patterned moves since its rebound began in April.
Bitcoin (BTC) kept traders guessing at the May 16 Wall Street open as 
consolidation sparked both bullish and bearish forecasts.
_BTC/USD 1-hour chart. Source: Cointelegraph/TradingView_
## &#8220;Significant&#8221; liquidity builds around BTC price
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shuttling 
between $103,000 and $104,000 on the day.
Despite beating expectations, the latest US macroeconomic data in the form of 
the Consumer Price Index (CPI) and Producer Price Index (PPI) prints on May 13 
and 15, respectively, failed to exert a strong influence on short-term price 
behavior.
Instead, traders focused on Bitcoin&#8217;s latest consolidation phase less than 10% 
away from new all-time highs.
&#8220;$BTC Has been doing roughly the same thing since the April lows. Move up, 
tight consolidation, new leg up,&#8221; popular trader Daan Crypto Trades wrote in 
part of ongoing X analysis.
&gt; &#8220;Keep an eye on this local range and wait for a breakout to either direction 
&gt; would be my recommendation.&#8221;
_BTC/USD 6-hour chart. Source: Daan Crypto Trades/X_ 
A separate post noted areas of thick liquidity on either side of the price, 
potentially providing near-term targets should BTC/USD exit its narrow range.
&gt; $BTC Liquidation Map showing a large cluster at $105K-$106K and a ton 
&gt; sitting between $99K-$103K. 
&gt; 
&gt; This makes sense as these are the highs/lows of the current tiny range we&#8217;re 
&gt; consolidating in for the past week or so. 
&gt; 
&gt; Lately, we&#8217;ve seen a lot of similar consolidations and we… 
&gt; pic.twitter.com/y387V1WzsC 
&gt; 
&gt; &#8212; Daan Crypto Trades (@DaanCrypto) May 16, 2025
&#8220;Notice the massive concentration of long liquidations clustered tightly just 
below the current price, particularly around 10280-10300? This represents a 
significant pool of liquidity,&#8221; fellow trading TheKingfisher continued.
&gt; &#8220;Shorts are more spread out higher up. This imbalance makes the zone below a 
&gt; key area to watch. It could act as a price magnet, or a trigger point for 
&gt; cascading liquidations if price moves down.&#8221;
_Bitcoin exchange order book liquidity data. Source: TheKingfisher/X_
Another popular trader, Crypto Caesar, suggested that a range breakout could 
run deeper and take Bitcoin further below the $100,000 mark.
&#8220;If price breaks and holds above this zone, we could see new crazy highs,&#8221; he 
told X followers, referencing a bullish crossover on the weekly moving average 
convergence/divergence (MACD) indicator.
&gt; &#8220;However: a rejection right here might lead to a pullback toward $90K.&#8221;
_BTC/USDT 1-week chart with MACD data. Source: Crypto Caesar/X_
## A rinse-and-repeat Bitcoin breakout?
Like Daan Crypto Trades, analyst Kevin Svenson was keen to see a continuation 
of the stop-start rebound in place since April.
_**Related:**__**Bitcoin hitting $220K &#8216;reasonable&#8217; in 2025, says gold-based 
forecast**_
Analyzing 4-hour timeframes on the day, he delivered his next upside BTC/USD 
target well inside price discovery.
&#8220;So far, the measured move extrapolations of each leg up in this run have been 
pinpoint accurate,&#8221; he wrote.
&gt; &#8220;If this trend continues, if this pattern holds, the next target is 
&gt; $115,000.&#8221;
_BTC/USDT 4-hour chart. Source: Kevin Svenson/X_
Earlier, Cointelegraph reported on a variety of BTC price predictions now in 
force, with commentators overwhelmingly favoring upside next.
Zooming out, $1 million per coin may become reality in three years&#8217; time or 
even sooner, according to former BitMEX CEO Arthur Hayes.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin breakout odds climb as all-time highs meet $90K dip warning

Dave Portnoy, the outspoken founder of Barstool Sports, used his debut 
appearance at CoinDesk’s Consensus 2025 to train the conference spotlight XRP. 
Speaking on the Metro Toronto Convention Centre mainstage, Portnoy 
acknowledged that he bought the token for one reason only: fear of missing 
out. Joined on-stage by media strategist Sam Ewan, Portnoy opened with light 
banter about Toronto pizza—“North of Brooklyn still is, I would say, my 
favorite,” he insisted, giving “shout-out Bill the Greek, who’s like my 
chaperone for Toronto”—before turning to the market that drew thousands to 
Consensus. Pressed on whether the current cycle is dominated by so-called meme 
coins, Portnoy cut to the chase. “Even Bitcoin is, frankly, a memecoin,” he 
said. The remark set the tone for a discussion that oscillated between 
portfolio confessions and cultural critique. Related Reading: XRP Moves Into 
Key Range Against Bitcoin As 3 Major Targets Show Up When Ewan tried to 
pinpoint Portnoy’s boldest wager, the 47-year-old rattled off winners the way 
others recall birthdays: Axon stock at roughly $200 (now about $700, he 
noted), Michigan’s Rose Bowl triumph, and Scottie Scheffler capturing the 
Masters. Yet he called those victories “two different things” from the 
instant, couch-bound gratification of watching a line of green candles. 
“There’s something about it when you place a bet, you see Bitcoin go up, you 
see XRP go up, and you’re just sitting on your couch—‘I made that money not 
working.’ That’s a great feeling,” he admitted. Why XRP, Not Bitcoin Portnoy’s 
self-diagnosed FOMO emerged in sharper relief as the conversation turned to 
real estate. He recalled smashing his fist on a desk after being outbid on a 
Miami apartment by “a crypto bro” who “heard about Bitcoin when it was, I 
don’t know, eight bucks, seven bucks.” The episode, he said, crystallised the 
anxiety of missing an asymmetric trade: “I’ve slaved for twenty years and he 
just out-bid me.” Related Reading: XRP Surges Past Neckline—Analyst Projects 
Rally To $3.57 That same impulse, Portnoy confessed, now drives his position 
in XRP. “It’s what—two bucks forty cents or something like that? What if 
that’s the next Bitcoin?” he said, emphasising that his allocation reflects a 
speculative itch rather than a thesis about Ripple’s technology or tokenomics. 
“It’s FOMO. It’s not like I have some grand belief in it.” In perhaps the 
panel’s most revealing anecdote, Portnoy traced his fraught history with 
Bitcoin to a chance encounter: “I bought Bitcoin the first time for around 
$10,000 … the Winklevoss twins were staying next door to me at a hotel and 
they came and explained what Bitcoin was. It was the dumbest explanation I’d 
ever heard, and I sold it all right there.” The forfeited position—“about $2 
million”—would have dwarfed every other win in his career, he conceded, 
underscoring the emotional swing between conviction and capitulation that 
defines many retail journeys through crypto’s boom-and-bust cycles. At press 
time, XRP traded at $2.40. Featured image from YouTube, chart from 
TradingView.com