The altcoin market started the week with a sharp decline due to new macroeconomic uncertainties in the U.S. Leading cryptocurrencies such as Ethereum, Solana, and XRP reversed last week’s upward trend. Analysts Say Moody's US Move Is the Reason for the Fall in Altcoins On May 16, New York-based credit rating agency Moody's downgraded the US government's credit rating from Aaa to Aa1. This means the US has lost its highest credit rating since 1949. Moody's decision was based on the country's increasing financial risks. Following the decision, US Treasury bonds reacted strongly; the 10-year bond yield rose to 4.5%, while the 30-year bond yield rose above 5%. Related News: Shock for the US: Moody's Downgrades Credit Rating - Here are the Details Valentin Fournier, chief analyst at BRN, noted that altcoins were volatile over the weekend following Moody’s downgrade. According to Fournier, the crypto market could trend sideways for a while in the current environment. “Since there is no new macroeconomic catalyst before the core PCE data to be released on May 30, we expect an accumulation process and sideways movement in the market,” Fournier said, adding that the risk of a sharp decline in the short term is low. However, he added that a permanent increase will depend on new institutional demand or macro-level developments. *This is not investment advice. Continue Reading: Why Did Ethereum, Solana, and XRP Decline Today? Analyst Evaluates the Recent Drop in Altcoins
Investment firm Strategy (formerly known as MicroStrategy) added to its cryptocurrency portfolio by purchasing an additional 7,390 bitcoins worth approximately $764.9 million. The average purchase price was $103,498 per bitcoin. The transaction took place between May 12 and May 18, as evidenced by a Report 8-K filed with the Securities and Exchange Commission (SEC) on May 19. Strategy's total bitcoin holdings have now reached an impressive 576,230 BTC. Their market value exceeds $59 billion, and the average purchase price is $69,726 per bitcoin. This was reported by the company's co-founder and executive chairman, Michael Saylor. The company's total cost to acquire the cryptocurrency was about $40.2 billion, including commissions and additional expenses. An impressive figure-Strategy now owns more than 2.7% of the total bitcoin volume, which is limited to 21 million coins. At the same time, the company's unrealized gains have reached approximately $18.8 billion. Financial mechanisms of cryptocurrency portfolio expansion Strategy's recent acquisitions have been funded through the sale of its Class A common stock (MSTR) and fixed-rate preferred stock (STRK). Last week, the company sold 1,712,708 shares of MSTR, raising approximately $705.7 million. As of May 18, Strategy still has $18.98 billion worth of MSTR shares available for offering and sale under this program. It also sold 621,555 shares of STRK for approximately $59.7 million, leaving a balance for future offerings of $20.79 billion. The STRK and STRF preferred shares complement Strategy's ambitious ”42/42” plan, which aims to raise $84 billion in capital through equity and convertible bond offerings to buy bitcoin through 2027. The plan was originally called ”21/21” and was for $42 billion, but its equity portion was recently exhausted, leading to an expansion of the program. Growing corporate interest in bitcoin To date, more than 70 companies have implemented various bitcoin investment models. Cantor Fitzgerald, SoftBank, Bitfinex, and Tether recently announced the planned launch of a $3.6 billion bitcoin project, Twenty One Capital. Japanese investment firm Metaplanet, on May 18, also announced an increase in its holdings, acquiring another 1,004 BTC for $104.3 million. The company's bitcoin reserve now stands at 7,800 BTC.
Bitcoin is now worth more than one kilogram of gold, but gold is outperforming in this volatile economy, says MEXC COO Tracy Jin. Bitcoin (BTC) is worth more than one kilogram of gold, but many investors still favor the latter. On Monday, May 19, MEXC COO Tracy Jin shared her insights about Bitcoin’s relative performance with crypto.news. Jin pointed out that Bitcoin traded above $106,000, which is worth more than one kg of gold. The biggest crypto asset reached a daily high of $107,089 on May 19. However, she added that the volatile macroeconomic environment still favors gold. You might also like: UBS: Wealthy clients are shifting away from U.S. dollar-based assets and turning to gold and crypto “Since the beginning of 2025, gold has risen by 23%, outpacing Bitcoin’s 12% gain. This divergence highlights that, in times of heightened uncertainty, institutional capital continues to favor traditional safe-haven assets. Gold remains the preferred hedge — at least for now,” Tracy Jin, MEXC. Still, gold’s strong performance could be good for Bitcoin. This is because the current macroeconomic imbalances favor assets that are seen as safe havens. What is more, Bitcoin has more space to grow, Jin points out. You might also like: Moody’s cuts US credit rating, Bitcoin doesn’t flinch Bitcoin could be at $150,000 by year’s end: Tracy Jin Despite gold’s relatively strong performance, Jin believes that Bitcoin is in a good position to grow further. Compared to traditional markets, Bitcoin has shown resilience, and investors are increasingly starting to view it as a safe haven. “Bitcoin, however, is showing resilience. The asset has posted six consecutive weeks of growth, closing near $106,500. The $105,800 level is a key resistance zone: a confirmed breakout could open the way toward $109,000, with optimistic projections reaching $130,000 in Q3 and potentially $150,000 by year-end,” Tracy Jin, MEXC. Long term, there’s still significant potential for growth, especially if investors start using Bitcoin as a safe haven and a hedge against inflation. For instance, Jin pointed out that Bitcoin’s market cap is still well below gold’s, at $2 trillion compared to $21 trillion. Read more: Bitcoin price target if its market cap matched that of gold
Circle Internet Financial, the company behind the USDC stablecoin (USDC-USD), filed to go public in April with plans for a long-awaited IPO. Indeed...
Cryptocurrencies may soon experience increased growth due to reduced tariff uncertainty. Large financial institutions actively engage in cryptocurrency ventures and strategic planning. Continue Reading: Cryptocurrencies Rise as Major Financial Players Actively Invest The post Cryptocurrencies Rise as Major Financial Players Actively Invest appeared first on COINTURK NEWS .
Quantum Biopharma has made headlines by investing an additional $1 million in Bitcoin and other cryptocurrencies, solidifying its growing crypto treasury. This increase brings Quantum’s total cryptocurrency holdings to approximately
A New Zealand man has been arrested for allegedly being a part of an international criminal organization that stole $265 million in crypto assets from seven people. In a new press release, authorities allege that the unnamed Wellington man participated in a scheme that fraudulently obtained the crypto assets by manipulating victims between March and August 2024. The U.S Department of Justice (DOJ) has charged the individual with racketeering, conspiracy to commit wire fraud and conspiracy to commit money laundering. Twelve other people are facing charges in connection with the case, including individuals from Auckland and California. According to prosecutors, the defendants laundered the proceeds of the scheme through various cryptocurrency exchanges before spending the funds to purchase luxury items such as handbags, clothes, cars, watches, private security, rental homes and expensive nightclub entertainment. The other members of the group were recently arrested and charged by the DOJ as well. According to previous reports, the organization had a team behind them made up of hackers, callers, organizers, money launderers and residential burglars. The team has been operating as early as October 2023. Last year, two members of the group, Malone Lam and Jeandiel Serrano, were arrested and charged in connection with a plot that allegedly saw them steal $230 million in crypto from a victim and then attempt to launder the funds using advanced methods. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries appeared first on The Daily Hodl .
In the fast-moving world of cryptocurrency, rapid investment surges often signal a token gaining real momentum. Mutuum Finance’s native token, MUTM, has recently attracted over $500,000 in just 48 hours during its ongoing presale, catching the attention of investors looking for strong opportunities. With its combination of promising utility and an accessible entry price, many are asking: Could MUTM be the best cryptocurrency to invest in right now? What Is Mutuum Finance (MUTM)? Mutuum Finance is a decentralized platform built on blockchain technology, enabling users to lend and borrow assets without relying on a custodial middleman. Unlike many projects that focus solely on token speculation, Mutuum offers tangible financial services. Users can deposit supported crypto assets to earn interest passively or borrow funds by locking their assets as collateral, all managed through smart contracts without intermediaries. The current MUTM presale is in full swing, with millions already raised and thousands of wallets participating. Early phases have sold out quickly, and with price increments set for upcoming rounds, investors are rushing to secure tokens before the price climbs. This significant increase in interest highlights the strengthening trust in MUTM’s prospects for long-term growth. At just $0.025 per token during this phase, MUTM remains highly affordable, giving investors a rare chance to enter before wider market exposure. With a confirmed launch price of $0.06 looming and strong fundamentals backing the project, the presale is shaping up as one of the most promising in the DeFi crypto space. The platform operates by pooling assets deposited by lenders into liquidity pools. In return, lenders receive mtTokens—ERC-20 tokens that represent their share in the pool and accrue interest over time. Borrowers can access liquidity by providing overcollateralized crypto assets, ensuring security for lenders and stability for the system. This dual approach fosters a balanced ecosystem, where capital flows efficiently between lenders and borrowers without centralized control. The transparent and automated nature of smart contracts removes traditional barriers, making financial services accessible to anyone worldwide. Utility Beyond Lending and Borrowing Mutuum Finance is not just about loans. The team is working on an overcollateralized stablecoin fully supported by crypto assets held within the protocol. This stablecoin aims to provide a transparent and reliable alternative to centralized options, expanding the utility of the platform significantly. Furthermore, the upcoming Layer 2 scaling solutions will enhance transaction speeds and reduce costs, making Mutuum even more user-friendly. These technical enhancements will be essential for attracting a wider user base and maintaining the platform’s long-term growth. MUTM’s tokenomics reinforce its value proposition. A share of the platform’s collected fees is used to purchase MUTM tokens from the open market. These tokens are then redistributed to active users, creating a natural demand cycle and rewarding engagement. The recent influx of over $500,000 in just two days highlights the accelerating momentum behind MUTM. Its impressive presale results, along with a functional model centered on real-world DeFi services, distinguish it in a highly competitive market. Currently, Mutuum Finance is in Phase 4 of its presale, with the token priced at just $0.025. This round is close to selling out, with over 88% of the tokens already allocated. After it concludes, the price will increase by 20% in Phase 5, bringing it closer to the confirmed launch price of $0.06. So far, the project has raised over $8.6 million, with more than 10,000 holders participating in the early stages. The growing number of investors signals strong trust in both the vision and functionality of the platform. With 11 total phases planned, this structured presale allows participants to enter early and benefit from lower pricing before the token reaches broader public markets. For those looking to make a strategic move, this phase offers a rare opportunity to secure tokens before the next price increase. For investors asking what crypto to buy now or exploring the best cryptocurrencies to invest in, MUTM presents a compelling mix of low entry cost, real-world utility, and strong growth potential that’s difficult to overlook. With the presale progressing rapidly and key platform features on the horizon, MUTM is not just a token to watch—it’s becoming a strategic investment for those ready to participate early in the next wave of decentralized finance. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
JPMorgan CEO Jamie Dimon warned on Monday that Wall Street and central banks are not fully recognizing the growing risks from record U.S. budget gaps to tariffs and tense global politics. According to a CNBC report , the veteran chief executive and chairman warned that rising prices and the chance of a recession are a bigger threat than the stock market shows. Speaking at the bank’s annual investor day in New York, Dimon said, “We have huge deficits; we have what I consider almost complacent central banks”. He added, “You all think they can manage all this. I don’t think they can.” Dimon said traders still have not felt “effective tariffs” and pointed to the swift rebound in U.S. stocks after a 10% slide in April as proof that investors are too calm. His remarks came three days after ratings firm Moody’s cut the U.S. credit outlook, citing the federal debt load. In recent months, markets have swung on fear that President Donald Trump’s trade moves could lift prices and slow the world’s largest economy. JPMorgan’s Jamie Dimon believes S&P 500 profit forecasts will suffer Estimates for S&P 500 earnings began the year near 12% growth but have already fallen. Dimon predicted that in six months, the figure will read 0%, forcing share prices to be lower. “I think earnings estimates will come down, which means P/E will come down,” he said. He estimated the chance of stagflation, “basically a recession with inflation,” at about twice what the market now assumes. Elsewhere on Monday, Troy Rohrbaugh, co-head of JPMorgan’s commercial and investment bank, said corporate clients are mostly “wait-and-see” on deals. He expects second-quarter investment-banking revenue to drop by a “mid-teens” percentage from a year earlier, while trading revenue should rise by a “mid-to-high” single-digit rate. JPMorgan’s chief also addressed the long-running question of when he will step aside. He repeated the same answer from last year, saying he is likely to stay fewer than five more years as chief executive and then up to two years as executive chairman. “If I’m here for four more years, and maybe two more” in the chairman role, “that’s a long time,” he noted. Consumer banking head Marianne Lake spoke for a full hour during the presentations, the longest slot of any executive. She is seen as a leading contender to replace Dimon, especially after Chief Operating Officer Jennifer Piepszak said she will not pursue the top job. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said. The buys take Quantum’s total cryptocurrency holdings to approximately $4.5 million, according to a May 19 press release. The biotech company plans to stake a portion of its crypto to generate revenue. Quantum expects that holding a treasury of Bitcoin ( BTC ) and other crypto assets will “provide a return on investment for shareholders and provide some hedge against the Canadian dollar,” it said . Shares of Quantum’s stock, QNTM, rose by approximately 25% following the announcement, according to data from Google Finance. Quantum Biopharma’s stock rose on the announcement. Source: Google Finance Related: Basel Medical shares down 15% on $1B Bitcoin buying plans Popular treasury strategy Quantum is one of several healthcare companies accumulating Bitcoin as corporate crypto treasuries become increasingly popular. In March, NASDAQ-listed biopharmaceutical company Atai Life Sciences tipped plans to buy $5 million worth of Bitcoin . In a March 20 X post , Atai’s founder, Christian Angermayer, said “Bitcoin should be a part of ANY corporate treasury – especially, in fact, in the biotech sector.” Angermayer added in a blog post that Bitcoin can help the biotech hedge against inflation and stay solvent during the long periods before drug approvals. Corporate treasuries are now major Bitcoin holders. Source: Bitcointreasuries.net On May 16, Singapore-based healthcare company Basel Medical Group announced plans to buy $1 billion worth of Bitcoin . It said a Bitcoin treasury will support its plans to expand in Asia through acquisitions by giving Basel “one of the strongest balance sheets among Asia-focused healthcare providers.” Unlike Quantum, however, Basel’s shares dropped significantly on the day of the announcement. Collectively, corporate treasuries hold more than $83 billion in Bitcoin as of May 19, according to data from BitcoinTreasuries.NET. Publicly traded companies are now the largest institutional Bitcoin holders after exchange-traded funds (ETFs), the data shows. Bitcoin can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks” for companies, asset manager Fidelity Digital Assets said in a 2024 report. Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee