Billionaire investor Tim Draper remains optimistic, asserting that Bitcoin could reach $250,000 by the end of 2025, signaling a transformative shift in the cryptocurrency market. Draper emphasized the importance of
IBIT, the BlackRock Bitcoin ETF, has surpassed the SPDR Gold Shares ETF in year-to-date (YTD) flows, securing its position as the sixth highest. This milestone, recently spotlighted by Bloomberg ETF analyst Eric Balchunas, shows the growing change in investor behavior, as they flock toward crypto-focused investment vehicles amid a spike in global adoption.BlackRock Bitcoin ETF Surpasses GLD in YTD FlowsSpecifically, the BlackRock iShares Bitcoin Trust (IBIT) has attracted $6.96 billion in YTD inflows for 2025, slightly edging out the SPDR Gold Shares (GLD), which recorded about $6.5 billion over the same period. BlackRock Bitcoin ETF Surpasses GLD in YTD Flows The development is especially notable considering gold's impressive 29% price surge this year. Despite that strong performance, GLD has struggled to retain investor confidence, having seen substantial outflows since early 2024. Notably, between Jan. 11 and Feb. 14, 2024, alone, investors withdrew around $2.6 billion from GLD. However, inflows appear to have recovered since then.In contrast, IBIT's momentum has been notable. Since launching in January 2024, the BlackRock Bitcoin ETF has accumulated an astounding $44.25 billion in net inflows. Notably, IBIT set a record on Nov. 7, 2024, when it absorbed a single-day inflow of $1.12 billion, marking the highest ever for any Bitcoin ETF to date.The BlackRock Bitcoin ETF's performance across different time frames has been equally impressive. Last week alone, it observed $2.48 billion in net inflows , its most impressive weekly performance since December 2024. Meanwhile, in April, net inflows amounted to $2.69 billion despite Bitcoin's price struggles.These flows have culminated in a one-year total of over $27 billion. Interestingly, within this one year, the BlackRock Bitcoin ETF only witnessed one month of outflows, when it shed $775 million in February 2025. This consistency across timeframes shows institutional confidence in Bitcoin's long-term potential.IBIT AUM Closing in on GLDMoreover, IBIT's assets under management (AUM) have surged to $59.64 billion making it the eleventh-largest ETF in BlackRock's iShares suite, which includes over 400 funds. For context, IBIT's AUM climbed from zero at its January 2024 debut to $15 billion within just eight weeks. By October 2024, it had hit $30 billion, doing so in a record 293 days, a feat that took GLD nearly five years to achieve. This occurs despite Bitcoin's more modest YTD price increase of about 4%, compared to gold's 29%. If it continues at this pace, analysts believe IBIT could potentially overtake GLD's current AUM of $98.6 billion within the next few years.Notably, over the past month alone, IBIT's price surged by roughly 22.86%, rising from $44.98 to $55.27. Meanwhile, GLD's price climbed approximately 13.47%, moving from $274.65 to $311.64.
StealthEX, an instant non-custodial crypto exchange, is thrilled to announce an exclusive Ask Me Anything (AMA) session featuring representatives from the innovative Turbo project. Set to take place on May 15, 2023, at 3:00 PM UTC via X Spaces, this interactive event offers crypto enthusiasts a unique opportunity to engage directly with Turbo's team and win TURBO tokens. AMA Details and Prize Information The AMA session will provide attendees with valuable insights into Turbo's technology, roadmap, and vision for the future. During this engaging hour, participants can ask questions about Turbo's ecosystem, development plans, and market strategy. To reward community engagement, StealthEX and Turbo have established a $100 prize pool in TURBO tokens (approximately 16,000 TURBO), which will be split equally between two participants who ask the most insightful questions. Winners will be selected by the Turbo team based on the quality and relevance of their questions. How to Participate Participating in the AMA is simple: Submit your questions in advance by commenting on the official announcement post . Tune in to the X Spaces session on May 15 at 3:00 PM UTC. Join the live discussion and have the opportunity to ask additional questions directly. Even those who cannot attend the live session can participate by submitting questions in advance and having them answered by the Turbo team during the AMA. About StealthEX StealthEX is a non-custodial crypto exchange that allows users to swap over 1,500 different cryptocurrencies without registration. Founded on principles of privacy, security, and user control, StealthEX never holds users' funds during exchanges. The platform offers limitless swaps with no upper exchange limits, instant crypto exchanges, and 24/7 live support. With its user-friendly interface and commitment to transparency, StealthEX has established itself as a trusted gateway for cryptocurrency trading in the digital asset space. About Turbo Token Turbo is an innovative ERC-20 token built on the Ethereum blockchain that aims to revolutionize the crypto space through its unique approach to tokenomics and utility. The Turbo ecosystem focuses on creating sustainable value through strategic partnerships and community-driven development. The token is designed with a deflationary mechanism and offers various use cases, including staking rewards and participation in the platform's governance. With its forward-thinking approach and robust technology foundation, Turbo is positioned to deliver long-term value to holders while contributing to the broader cryptocurrency ecosystem. Join the Conversation "We're excited to host this AMA with Turbo as part of our ongoing commitment to bringing valuable insights and opportunities to our community. This event is a perfect chance for crypto enthusiasts to connect directly with an innovative project and potentially earn rewards for their engagement." Maria Carola, CEO of StealthEX Don't miss this opportunity to have your questions answered by Turbo's team members while competing for TURBO token prizes. Mark your calendars for May 15, 2023, at 3:00 PM UTC and prepare your most thought-provoking questions about Turbo's technology, market strategy, and future plans. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Vivek Ramaswamy, an Ohio governor candidate, is planning to take his firm Strive Capital public as a Bitcoin treasury company. Strive Capital aims to raise $2 billion, with an initial plan to purchase $1 billion worth of Bitcoin. This move would position Strive Capital as the first publicly traded asset management company focused on holding Bitcoin as a treasury asset. Separately, Indian tech firm Jetking has announced plans to raise billions to acquire 18,000 Bitcoin. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Billionaire investor and Bitcoin bull Tim Draper remains “optimistic” that the price of Bitcoin will hit $250,000 by the end of 2025.
Standard Chartered, a UK-headquartered global financial institution, has projected BNB price for the next four years, including a rally to $2,775 by 2028. The prominent financial institution sees BNB, the utility token of the BNB Chain ecosystem, hitting giant strides in the next three years. Specifically, the outlook suggests the token will surge 360% from the current market price of around $604 to $2,775 by 2028.Before then, Geoff Kendrick, Standard Chartered’s head of digital asset research, speculated a slow but intentional price swell. He predicted a rally to $1,275 this year, then $1,755 and $2,225 in 2026 and 2027, before trading near $2,800 in the subsequent year. BNB Price Outlook Standard Chartered BNB Price Outlook | Standard Chartered Catalyst for Sustained RallyDespite less traction coming BNB’s way, it still controls a considerable amount of the global crypto market cap. It currently ranks as the fifth-largest cryptocurrency by market cap, with a valuation of $84.5 billion.Meanwhile, Kendrick tied the expected price uptrend to BNB’s trend like an outweighed index of Bitcoin and Ethereum. He identified that the asset has been closely mirroring the returns and volatility of the two largest cryptocurrencies in the space since May 2021 and predicted the indexing to continue pushing BNB price to new highs.This suggests that as long as BTC and Ether continue to appreciate, BNB will follow suit. Notably, Standard Chartered had earlier predicted that Bitcoin and Ethereum would surge to new price discovery in the coming years, specifically forecasting the former would hit $500,000 and the latter $7,500 by 2028. BNB’s Binance Tie Sustaining RelevanceRemarkably, Kendrick highlighted several downsides contributing to the lack of buzz around BNB in comparison to other caliber assets like Ether and Solana. He called the BNB Chain ecosystem’s native token an outdated token stuck in the 2021 DeFi boom and a “centralized Ethereum backed by Binance.”The analyst further described BNB Chain as a largely centralized blockchain. It uses the proof of staked authority (PoSA), a consensus that changes its set of 45 validators every 24 hours. Furthermore, Binance's central control and a lack of developer traction further add to the network’s ordeal.Nonetheless, its ties with the largest crypto exchange by trading volume and token deflationary model have kept it afloat. Furthermore, its profound decentralized exchange presence, owing to PancakeSwap’s sustained user influx, has ensured BNB’s relevance.As a result, with Binance’s influence not going away and BNB’s sustained correlation with BTC and Ether, Kendrick noted that BNB could be a proper benchmark asset for gaining exposure to the broader cryptocurrency market. Meanwhile, CryptoQuant recently called BNB the most resilient asset in the current market, counteracting assertions that the token closely mirrors the market’s tune.
Former White House Communications Director Anthony Scaramucci has raised concerns that President Donald Trump’s growing involvement in cryptocurrency could create ‘pathways for some level of corruption.’ His comments come as new data shows that 58 crypto wallets have made millions on Trump’s meme coin while 764,000 have lost money. Corruption and Executive Order Critique Speaking at the Financial Times Digital Asset Summit, Scaramucci criticized Trump’s growing presence in the crypto world, which includes projects like the TRUMP meme coin and World Liberty Financial. He argued that these ventures serve as distractions at a time when bipartisan consensus on crypto regulation is needed. “Let’s give them all the benefit of the doubt,” Scaramucci said. “But I do think that there’s pathways for some level of corruption, potential bribery and sinistership.” The SkyBridge Capital founder added that eliminating such distractions could help build trust in crypto among older lawmakers who are still skeptical about the industry. Although critical of the president’s crypto dealings, Scaramucci gave the Trump administration a “B-plus, A-minus” rating for its broader handling of digital asset policy. He praised White House crypto adviser David Sacks for trying to build support among Democrats for a U.S. Bitcoin Stockpile. However, he criticized Trump’s move to establish a U.S. strategic Bitcoin reserve via executive order. The 61-year-old believes that by doing so, it creates the risk of a future Democratic president reversing the order. Instead, he argues that “there has to be a bipartisan commitment” for such an initiative. Millions In Losses for TRUMP Holders Chainalysis data shared with CNBC shows that of the total 2 million, around 764,000 wallets that bought the TRUMP meme coin have lost money. Meanwhile, just 58 wallets have made more than $10 million each, generating a combined $1.1 billion in gains. TRUMP experienced a major price rally after its official website promised top holders a seat at a special dinner with the president. The event, scheduled for May 22 at Trump National Golf Club in Washington, D.C., includes a reception for the 25 largest wallets and a White House tour. Interest in the coin surged more than 50% after the announcement, with its market cap peaking at $2.7 billion. According to Chainalysis, since April 15, about 100,000 new wallets have joined the project. Around 54,000 of these were created shortly after the dinner was revealed. Further, although 80% of the token’s supply remains locked, insiders have already earned more than $324 million through trading fees that are automatically routed to wallets linked to the project. As a result, the TRUMP coin and World Liberty Financial are now under Senate scrutiny. Lawmakers are examining potential conflicts of interest with the president’s family, its ownership structure, and funding sources. The post Anthony Scaramucci Warns Trump’s Crypto Ventures Open ‘Pathways’ for Corruption appeared first on CryptoPotato .
Aptos, a prominent layer-1 blockchain, is gaining traction thanks to a viral marketing campaign led by the enigmatic BuzzlamicJihad, signaling a potential resurgence. The campaign has sparked increased developer interest,
Sidelined? Aptos head of ecosystem says the team would be "super open" to bringing the anonymous memer onto the team.
Bitcoin (BTC) staged a dramatic recovery to reclaim $96,000 on Tuesday and extended its gains to capture $97,000 during the ongoing session despite resistance. The flagship cryptocurrency is up nearly 4% over the past 24 hours as it tests the upper limits of its consolidation range, buoyed by scheduled US-China trade talks. Metaplanet Takes Total Bitcoin Holdings To 5,555 Japanese firm Metaplanet completed the acquisition of 555 Bitcoin as part of its aggressive accumulation strategy. The latest purchase takes the company’s total Bitcoin holdings to 5,555 BTC . The Tokyo-listed firm disclosed that it acquired 555 Bitcoin for $53.4 million at an average price of $96,134. The firm also announced the issuance of another $25 million in zero-coupon ordinary bonds to fund its BTC purchases. The firm has raised 35 billion yen ($244 million) through zero-coupon bonds and stock acquisition rights since 2024 via its partner, Evo Fund. The firm’s proprietary key performance indicator, BTC Yield, has registered a significant increase in recent quarters, reaching 309.8% in Q4 2024, 95.6 in Q1 2025, and 21% in the current quarter. Metaplanet recently announced plans to launch a US subsidiary, Metaplant Treasury, based in Florida. The subsidiary plans to raise $250 million to fund its Bitcoin strategy and tap the US markets. Metaplanet is Asia’s largest public corporate holder of Bitcoin. UK Rules Out Bitcoin Reserve The United Kingdom has ruled out creating a crypto reserve, with Economic Secretary to the Treasury Emma Reynolds expressing a negative outlook towards Bitcoin , stating that the government did not think it was appropriate for the market. However, Reynolds indicated the UK was willing to leverage blockchain technology for government finance. She also disclosed the government was exploring the use of distributed ledger technology for sovereign debt issuance. Reynold’s remarks come amid growing digital asset cooperation between the US and the UK. Reynolds highlighted recent discussions between the US Chancellor of the Exchequer and US Treasury Secretary Scott Bessent and confirmed the formation of a senior official-level working group focused on digital assets. Bitcoin Could Reach $250K In 2025 Bitcoin is currently hovering around the $97,000 mark as it displays resilience and maintains its push towards $100,000. Joe Burnett, Director of Market Research at Unchained, believes BTC is just getting started at $100,000 and predicted a move to $250,000 this year and moving to a staggering $1 million by 2030. Burnett stated on X, “I definitely would not be surprised at all to see $200,000 Bitcoin or $250,000 Bitcoin this year.” He highlighted the improving macroeconomic conditions as a key driver, stating, “Looking at the current macro setup for Bitcoin, global M2 is starting to break out. The VIX hit a recent all-time high that we haven't seen since literally March 2020 and before that, December 2008.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) is up over 3% in the past 24 hours as it tests the upper limits of its trading range. The flagship cryptocurrency currently trades at $97,300 as it eyes a move to $100,000 after starting the week on a bullish note. BTC had surged to an intraday high of $98,000 on Friday but lost momentum over the weekend, dropping to $94,390 by Sunday. However, it has made a strong start to the week amid reports the US and China will officially hold trade talks this weekend, potentially de-escalating the trade war. Trade tensions have impacted investor sentiment in recent months, and a thaw could see BTC surge to new highs. Meanwhile, in another positive development, the US state of New Hampshire signed a law allowing the US state treasurer to invest 5% of public funds into Bitcoin. Institutional demand has also risen, further buoying markets. Markets are expected to turn their attention to the Federal Reserve’s FOMC meeting and interest rate decision. The Federal Reserve is expected to leave interest rates unchanged at 4.25% to 4.50%. The Fed has no reason to lower interest rates, especially with inflation above 2% and the labor market holding up. However, it finds itself in a challenging spot thanks to the divergence between US soft data, which has deteriorated considerably, and US hard data, which has remained resilient despite trade tensions and tariff turmoil. BTC ended the previous weekend on a bearish note, dropping almost 1% on Sunday (April 27) and settling at $93,803. The price recovered on Monday, rising 1.28% to claim $95,000 and settle at $95,002. However, the price was back in bearish territory on Tuesday, falling 0.70%, slipping below $97,000, and settling at $94,342. BTC faced volatility on Wednesday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline and settled at $94,155. Bullish sentiment returned on Thursday as BTC rose over 2%, surging past $96,000 and settling at $96,458. The price surged to an intraday high of $98,000 on Friday. However, it could not stay at this level and settled at $96,939, ultimately registering an increase of 0.50%. Source: TradingView BTC lost momentum over the weekend, dropping nearly 1% on Saturday and 1,66% on Sunday to slip below $95,000 and settle at $94,390. The price fell to an intraday low of $94,582 on Monday. However, it rebounded from this level to register an increase of 0.41% and settle at $94,773. Bullish sentiment intensified on Tuesday as BTC rose over 2% to reclaim $96,000 and settle at $96,845. The current session sees BTC marginally up as it attempts to overcome selling pressure at $97,000. A break above this level could see BTC surge to $100,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.