California lawmakers recently passed a bill that would allow the state to &#8216;seize&#8217; cryptocurrency in traders&#8217; exchange accounts that have remained idle for three years. The new law has sparked debate among worried traders. On June 4, the California House…

Here’s why California House’s approved bill that ‘seizes’ dormant crypto is sparking debate

Yuga Labs, creator of the Bored Ape Yacht Club, has proposed terminating the 
decentralized Apecoin DAO and transferring its assets to a new entity called 
Apeco to accelerate ecosystem growth. Apecoin DAO to Dissolve Under Yuga Labs 
Proposal Yuga Labs CEO Greg Solano has formally proposed sunsetting the 
Apecoin Decentralized Autonomous Organization (DAO), calling it […]

Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco

Tim Draper, a Silicon Valley venture capitalist, has doubled down on his call 
for Bitcoin to hit $250,000 by the end of 2025. He shared this on X, renewing 
a prediction he first made in 2018 when he set his sights on reaching that 
mark by 2022. Related Reading: Bitcoin Reserve Gets Military Nod, Senator 
Predicts Explosive 10-Year Surge Back then, the crypto market took a sharp 
downturn in 2022—thanks in part to FTX’s collapse—and the timeline slipped. 
Still, Draper believes today’s drivers are strong enough to push prices 
higher. He even suggested that the US dollar might vanish in a decade as 
Bitcoin takes its place. Tim Draper’s Bold Timeline According to Draper, the 
$250,000 target isn’t just wishful thinking. In 2018, he said Bitcoin would 
reach that level by 2022. It didn’t happen—2022 saw many digital assets tumble 
in value. This year, though, he repeated his forecast after seeing a “recent 
surge” in the crypto. Bitcoin might go infinite against the dollar. On the 
heels of the recent surge, I’m still expecting Bitcoin to reach $250,000 this 
year. Whether Bitcoin will keep gaining ground that fast, who knows. But the 
main factors pushing it forward right now are: → General optimism… 
pic.twitter.com/EiD36iYbRy — Tim Draper (@TimDraper) June 4, 2025 He also 
claimed Bitcoin could become “infinite against the dollar,” arguing that in 10 
years the US dollar wouldn’t exist. His confident tone suggests he’s sticking 
with the same numbers—$250,000 by December 31, 2025. Political And Regulatory 
Drivers Based on reports, Draper points to politics as a big catalyst. He 
highlighted moves by US President Donald Trump, who is working on new trade 
deals. One sign of this push is the Media &amp; Technology Group’s filing on June 
5, 2025, for a Truth Social Bitcoin ETF. That application is headed to the 
NYSE Arca, with Crypto.com lined up as custodian, and it aims to bring more 
mainstream money into Bitcoin. On the regulatory front, the US Senate voted 
66–32 on May 19 to advance the GENIUS Act, which would set rules for 
stablecoins. Plus, the Digital Asset Market Clarity Act of 2025 is under 
debate. It has bipartisan support and is meant to spell out clear rules for 
crypto. Financial Institutions And Adoption Draper also sees banks and big 
companies stepping in. He mentioned that JP Morgan plans to let its clients 
buy Bitcoin and use spot-BTC ETFs—like BlackRock’s IBIT—as collateral. That 
shift could open doors to a flood of institutional cash. Meanwhile, according 
to Bitcoin Treasuries data, Michael Saylor’s Strategy leads the pack, holding 
over 580,000 BTC. At current prices, that stash is worth about $61 billion. 
These moves, Draper argues, point to people treating Bitcoin more like gold 
than a risky token. Related Reading: Bitcoin Network Activity Booming Despite 
A Quiet Market—Data Technological Advances On Bitcoin In his view, the tech 
upgrades on Bitcoin matter too. He talked about Web3 apps built on Bitcoin and 
said “Layer 2 solutions give Bitcoin the flexibility of Ethereum.” Right now, 
Lightning Network handles many Bitcoin transactions, making payments faster 
and cheaper. Featured image from Imagen, chart from TradingView

Bitcoin Could Break The Dollar — $250K Prediction Still In Play, Billionaire Says

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In peer-to-peer crypto lending, knowing how to exit safely when rates fall or 
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While Michael Saylor’s Bitcoin playbook is the talk of Wall Street, another 
U.S.-listed company, Know Labs, is set to join the growing list of publicly 
traded Bitcoin treasury companies. Former Ripple chief risk officer Greg Kidd 
is set to acquire…