Famous finance show host Jim Cramer criticized Apple’s current share buyback program, saying that the company’s strategy did not produce the expected effect. While evaluating the performance of Apple shares, Cramer said, “these buybacks do not work.” Bitcoin Advice from Michael Saylor Michael Saylor, a prominent cryptocurrency advocate and founder of MicroStrategy, responded to this comment on social media. Saylor addressed Apple directly: “Apple should buy Bitcoin,” he said. Saylor's proposal echoes his long-held view that tech giants with large cash reserves, such as Apple, should pivot their capital management strategies toward digital assets such as Bitcoin. By adopting this approach, MicroStrategy became the first major public company to hold billions of dollars worth of Bitcoin on its balance sheet. Jim Cramer’s criticism and Saylor’s call for Bitcoin have reignited ongoing debates about tech giants’ growth strategies and ways to create value. *This is not investment advice. Continue Reading: Bitcoin Advocate Michael Saylor Advises Tech Giant Apple to Invest! Here Are the Details
The new KuCoin EU executives – Christian Derler and Tamara Rubey – will share their experience in banking, finance and legal matters to bolster the expansion of the crypto exchange across Europe. The recently launched crypto exchange KuCoin EU Exchange GmbH, based in Vienna, Austria, has announced two new C-Suite level executives to its stacked team of professionals. According to the statement, KuCoin EU has appointed Christian Derler as Chief Commercial Officer (CCO) and Managing Director for KuCoin EU Financial Services GmbH and Tamara Rubey as General Counsel and Managing Director of KuCoin EU Payment Services GmbH. The latest appointments complete the exchange’s top-tier leadership team that aims to grow the presence and adoption of KuCoin EU’s services across Europe. Derler and Tamara join the top-level management of the exchange, joining CEO Oliver Stauber and COO Christian Niedermüller, who were appointed to the company in February this year. Oliver Stauber believes the addition of Derler and Tamara will elevate the company, helping it bolster its presence in the region as well as expedite its MiCAR license request, “with two top-tier professionals” in Derler and Tamara joining KuCoin EU. Stauber also believes the four-person team is “ideally positioned to establish KuCoin EU as a strong force in Europe” and revolutionize how users interact with crypto on the exchange. “With Christian Derler and Tamara Rubey, we’re bringing in two top-tier professionals who perfectly complement our leadership team,” Stauber stated. “Christian offers deep market knowledge and strategic insight from two decades in banking and finance, while Tamara elevates our legal capabilities with regulatory precision and a strong digital mindset.” KuCoin EU Expands Leadership Team with Banking and Crypto Experts Oliver Stauber and Christian Niedermueller are veterans in the crypto and blockchain leadership space, having worked in top firms across the industry. Stauber is a former General Counsel and Managing Director at Bitpanda, while Christian Niedermuelle is the former CEO of Blocktrade SA, a digital assets exchange based in Luxembourg. The two will be joined by similarly seasoned and experienced minds in the space. Christian Derler brings more than 20 years of experience in traditional banking. Most recently, he led the Depositing, Asset Management and Private Banking Division at BKS Bank. At KuCoin EU, he will oversee Business Development & Sales, Marketing & Growth, along with other key operational functions. “I see a once-in-a-lifetime opportunity. KuCoin EU offers the perfect platform to apply my leadership experience and industry expertise – and be part of a real movement for the future,” Christian Derler said during his welcoming speech. “We’re building a product offering for Europe that will set new industry standards. The combination of global strength and European innovation is truly unique.” On the other hand, Tamara Rubey is a lawyer with previous roles at PSA, Coinpanion, and Bitpanda, bringing strong expertise in crypto regulation and payment services. She is recognized as an expert in payments. At KuCoin EU, she will serve as General Counsel, managing legal and regulatory affairs and leading KuCoin EU Payment Services GmbH. Extended Efforts To Secure the MiCAR License One of the key factors in appointing the new members is the ongoing MiCAR license application process with the Austrian Financial Market Authority (FMA). The application, filed in February, will allow KuCoin EU to offer regulated crypto services to European citizens in the EU and the European Economic Area (EEA). As such, the crypto exchange sought the services of Christian and Tamara, strategically building on experienced leadership with deep expertise in banking, payments, and crypto regulation. According to the team statement, the MiCAR license application “underscores KuCoin’s commitment to meeting the highest standards of regulatory compliance”, as the exchange aims to grow its market share in the EU/EEA region. “Operating securely and compliantly has always been a core strategy and unwavering commitment for KuCoin,” BC Wong, CEO of KuCoin, said. “From initiating the MiCAR license application to building a local presence in Europe and onboarding seasoned professionals with traditional finance and legal backgrounds, these are all deliberate steps in fulfilling that promise.” Wong further adds that the company will extend their efforts in bringing more regulated financial services to the crypto space in Europe. The goal for their expansion will be to build a secure and trustworthy platform for users across the globe. 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.
Why are so many digital assets still disconnected from the real world? While Ethereum and Filecoin make meaningful moves in their respective domains, one blockchain is turning heads for bridging an overlooked gap—real-world asset tokenisation. In a market flooded with speculative tokens, Qubetics offers practical value through a live, community-powered crypto presale and a tokenised marketplace that’s gaining attention among early buyers. Ethereum trades around $2,500, showing signs of strength backed by four consecutive weeks of ETF inflows totaling $281 million. Institutional participation is growing, with banks now cleared to stake ETH and entities like SharpLink Gaming allocating millions to Ethereum holdings. Filecoin, on the other hand, is fighting to reclaim upside after shedding over 60% in six months. Despite the pressure, its role in decentralized storage remains critical. Qubetics enters this era with something bigger—a complete, asset-backed marketplace for real-world value transfer. As its presale reaches final stages, Qubetics ($TICS) offers a stable, early-access entry point insulated from typical volatility. With growing demand and limited supply, it’s quickly becoming the next big crypto that buyers are watching. How Qubetics’ Tokenisation Marketplace Redefines Ownership Real estate, art, and commodities—traditionally reserved for institutional players or high-net-worth individuals—are often out of reach for the average crypto user. Tokenisation has been proposed as a solution, yet few platforms offer a functional and user-accessible marketplace. Qubetics does. Qubetics’ Real World Asset Tokenisation Marketplace allows for seamless conversion of tangible assets into digital tokens. These tokens can then be traded, fractionally owned, and transparently audited—all on-chain. Whether it’s a music license tokenised by a creator or land shares offered by a developer, the platform removes longstanding entry barriers. Backers gain access to diversified assets with real-world backing, while asset owners unlock liquidity and broader participation. A property developer could tokenize units in a housing project and sell shares globally, removing the need for intermediaries. A small business could tokenize a revenue-sharing agreement and access capital from a distributed group of supporters. The marketplace eliminates delays, gatekeepers, and ambiguity through an open, programmable system built for scale and compliance. This infrastructure is accessible through the Qubetics Wallet, which is available on iOS, Android, and desktop. With support for services like Apple Pay and Google Pay, users can interact with tokenised assets as easily as they manage digital payments. It’s real-world finance built for blockchain adoption. The Final Crypto Presale Fueling the Next Big Crypto Surge Qubetics has officially entered Stage 37 of its crypto presale. The token is priced at $0.3370, and only 10 million $TICS remain before a possible 20% surge to its public listing price of $0.40. Over 515 million $TICS tokens have been acquired by over 27,700 community members, raising over $17.8 million to date. Crypto presales’ protection against the volatility seen on open exchanges makes a difference. Participants gain early access at a fixed price, without bots, flash crashes, or artificial hype. This allows backers to focus on long-term growth rather than short-term fear. The presale also benefits from tight tokenomics. Qubetics recently reduced its total token supply from 4 billion to 1.36 billion, with 38.55% now allocated to public participants. This scarcity is fuelling demand at a critical point in its growth cycle. Analysts suggest that $TICS could reach: $1, delivering a 196.65% ROI $5, for a 1383.25% ROI $10, hitting 2866.50% ROI $15, with potential for 4349.76% ROI These projections aren’t random—they’re based on reduced supply, rising utility, and real-world demand for tokenisation frameworks that work. $3,000 in Qubetics Today: How Much Could That Be Worth? A community member contributing $3,000 during this crypto presale’s current stage receives approximately 8,902 $TICS tokens. If Qubetics lists at $0.40, that could become $3,560—a 20% boost before the token even hits exchanges. Should $TICS reach its mid-range projection of $10 after the mainnet launch, the $3,000 would rise to $89,020. The high-end forecast of $15 could be worth $133,530. These scenarios are speculative but grounded in historical patterns of scarce, utility-driven assets hitting public markets with real traction. It’s also important to note that early adopters who joined at $0.01 during Stage 1 already have 3270% gains—a powerful testament to what disciplined early entry can deliver. With only one stage left, the chance to join before listing closes fast. Ethereum: Institutional Accumulation Signals Long-Term Confidence Ethereum is navigating a tight range near $2,500, with ETF flows, derivatives activity, and staking metrics all reinforcing a strong foundation. Over the past week, Spot Ethereum ETFs have attracted over $281 million in inflows, lifting total holdings above $9.6 billion. Banks now have the green light to stake Ethereum, and financial entities are integrating ETH directly into their treasuries. As staking deposits rise above 32.8 million ETH, the liquid supply tightens. Analysts remain cautiously optimistic with RSI near 51, but technical signals lean slightly bearish in the short term. Despite this, Ethereum remains structurally strong, supported by institutional conviction and core ecosystem upgrades. Filecoin: Declining Price, But Real Utility Keeps It Relevant Filecoin has fallen 14.65% over the past month and more than 60% in six months, currently trading between $2.25 and $3.12. Its RSI is signaling weak momentum, with market sentiment still bearish. However, Filecoin remains essential to decentralized storage, supporting Web3 data layers and powering DePIN protocols. It enables secure, efficient file storage without relying on centralized servers—a growing need as blockchain infrastructure expands. Technically, $1.90 is key support, while $3.65 marks resistance. Although near-term volatility persists, FIL’s long-term relevance in decentralized storage could provide the foundation for a gradual market rebound. Final Thoughts: The Next Big Crypto May Never Be This Accessible Again Ethereum commands institutional trust, and Filecoin strengthens Web3’s storage layer. But Qubetics is solving something bigger—how to bring real-world value to the blockchain in a usable, scalable way. Its tokenisation marketplace, paired with a secure presale entry point, positions it as more than just a crypto coin. It’s a genuine contender for the title of the next big crypto in 2025. Participants still have time to join the final crypto presale stage before $TICS lists. With proven momentum, shrinking supply, and growing real-world application, Qubetics stands out in a crowded market. Don’t just follow the trend—join the project building the future. Act now while $TICS is still at $0.3370—this is the last chance before the next surge. For More Information: Qubetics: https://qubetics.com/ Presale: https://buy.qubetics.com/ Telegram: https://t.me/qubetics/ Twitter: https://x.com/qubetics/ Frequently Asked Questions What makes Qubetics different from other altcoins? Qubetics focuses on real-world asset tokenisation, offering users access to tangible investments like property and IP through blockchain. How does the Qubetics presale work? Participants buy $TICS tokens at a fixed rate before public trading begins, avoiding market swings and gaining early access. Is Qubetics limited to tech users? No, its user-friendly wallet and interface allow anyone to engage with tokenised assets easily. What returns have early $TICS backers seen so far? Those who joined at $0.01 in Stage 1 are already looking at 3270% growth. Can I still join the presale? Yes, but only 10 million tokens remain at $0.3370 before the price rises by 20% at listing. The post Ethereum Gets Institutional Backing, Filecoin Focuses on Storage—Qubetics Presale May Define the Next Big Crypto Move appeared first on TheCoinrise.com .
Surge coincides with major developments in Cardano ecosystem
Ethereum ( ETH ) price has surged 8.73% in 24 hours and is now approaching the $2,800 mark for the first time since February. ETH price performance. Source: Finbold This surge is mostly fueled by strong institutional demand, with major players like BlackRock alone buying $500 million worth of ETH in just 10 days, and record numbers of staked Ethereum, which now sit at 34.65 million . While the price still sits about 43% below its all-time high of $4,721, a breakout above $2,800 could lead to more upside, potentially allowing the token to break the $3,000 mark. Ethereum price performance Technically, ETH broke above its 200-day simple moving average ( SMA ) of $2,660 and 50-day SMA of $2,287. The relative strength index ( RSI ) is also leaning bullish-neutral, sitting at 65. ETH RSI chart. Source: CoinMarketCap Futures open interest (OI) is going up, having increased from $26 billion to $36 billion in the past month (a 40% increase, according to CoinGlass). Similarly, spot exchange-traded funds ( ETFs ) have seen around $837.5 million worth of ETH added since May 16. Crypto analyst Michaël van de Poppe thinks the signs point to a ‘break to the upside,’ saying that the token is ‘taking the smaller altcoins with it’ in what he called ‘a great market environment.’ Featured image via Shutterstock The post Is $3,000 next for Ethereum (ETH)? appeared first on Finbold .
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The crypto market continued its recovery as Bitcoin approached an 8-year resistance level, potentially triggering a strong surge and fear of missing out among investors. Bitcoin ( BTC ) rose above the important resistance level at $110,000 for the first time in days. Other top-performing altcoins were Axelar ( AXL ), AAVE ( AAVE ), Uniswap ( UNI ), and Pepe ( PEPE ). Axelar’s price jumped to a high of $0.6317, its highest point since January and 110% above its lowest level this year. Similarly, AAVE surged to $315, up 178% from its April low, while Uniswap and Pepe gained more than 10%. Bitcoin price to break 8-year resistance The primary catalyst behind the market’s rally is Bitcoin’s breakout above $110,000 on Monday, increasing the odds of a retest of the all-time high at $111,900. A look at the long-term chart shows Bitcoin hovering just below the ascending trendline that connects major swing highs since December 2017. It retested that trendline twice in 2021, again in March last year, and once more in May this year. You might also like: Ethereum price range-bound between $2,400 and $2,800: breakout or breakdown ahead? A move above that resistance could unlock further upside over the long term. Ark Invest’s Cathie Wood believes Bitcoin could jump 15x from current levels, while Fundstrat’s Tom Lee projects a price range of $200,000 to $300,000 this year. BTC price chart | Source: crypto.news Bitcoin’s price action is critical for altcoins, as BTC typically leads market direction. When Bitcoin rallies, other cryptocurrencies often follow, and vice versa. For instance, most tokens dropped by double digits when BTC fell from $111,900 to $100,700. US and China trade talks and FOMC minutes Bitcoin and other crypto prices jumped as traders waited for the outcome of the US and China trade talks . Market participants are hopeful the two sides will reach an agreement on semiconductor and rare earth trade and tariffs. A resolution would likely ease tensions and support gains in both crypto and equities markets. Additionally, the Federal Reserve will release minutes from its most recent meeting on Wednesday. These minutes may offer insight into the Fed’s thinking and policy direction for the remainder of the year. Any signs pointing to potential interest rate cuts would likely boost crypto prices further. Separately, Axelar surged following its listing on Upbit, the largest crypto exchange in South Korea. Historically, such listings tend to result in significant, though often short-lived, price spikes. AAVE token jumped as the total value locked in its network neared the key point at $27 billion . Together with Uniswap and Pepe, these tokens also jumped as Ethereum price broke out and reached a high of $2,790. Most ERC tokens jump when Ethereum is in a strong uptrend. You might also like: Will Bitcoin continue rising? Analyst eyes breakout as demand outpaces supply
BitcoinWorld SAP AI: Revolutionizing Enterprise Efficiency with Suite AI In the fast-evolving world of technology, the adoption of artificial intelligence is no longer a futuristic concept but a present-day imperative for businesses looking to stay competitive. For those navigating the complexities of the digital landscape, including the dynamic realm of cryptocurrency and blockchain, understanding how core enterprise systems are leveraging AI is crucial. This is where SAP AI comes into play, specifically through its comprehensive offering, SAP Suite AI . SAP, a global leader in enterprise software, is making significant strides in embedding AI capabilities directly into the tools businesses use every day, promising a future of enhanced productivity and smarter operations. Discover how these advancements can impact your business by exploring insights from industry experts. Understanding SAP AI and SAP Suite AI What exactly is SAP AI , and how does SAP Suite AI fit into the picture? At its core, SAP AI refers to SAP’s strategic initiative to infuse artificial intelligence across its vast portfolio of business applications. This isn’t just about adding a few AI features; it’s about fundamentally transforming how enterprise software functions. SAP Suite AI is the manifestation of this strategy within SAP’s core business suite, which includes critical areas like ERP, CRM, supply chain management, and HR. The goal is to make these complex systems more intuitive, automated, and intelligent. Instead of users having to manually perform repetitive tasks or dig through mountains of data for insights, AI is designed to proactively assist, automate, and provide actionable intelligence. Think of it as giving the SAP suite a brain that learns and adapts to improve business processes automatically. Why Enterprise AI is Essential for Modern Business The push towards Enterprise AI is driven by a clear need for businesses to operate more effectively in an increasingly competitive global market. Integrating AI into enterprise-level systems provides several key advantages: Increased Automation: AI can automate mundane, repetitive tasks across various departments, freeing up human workers for more strategic activities. Enhanced Decision Making: By analyzing vast datasets quickly and identifying patterns, AI provides deeper insights that inform better, data-driven decisions. Improved Efficiency: Streamlining processes, optimizing resource allocation, and predicting potential issues all contribute to significant gains in operational efficiency. Personalized Experiences: AI can help tailor customer interactions, employee experiences, and even supplier relationships based on individual needs and behaviors. Predictive Capabilities: AI models can forecast trends, predict demand, anticipate equipment failures, and identify potential risks before they occur. For businesses operating in or interacting with the fast-paced cryptocurrency sector, where market dynamics are volatile and operational efficiency can be a significant differentiator, leveraging Enterprise AI through platforms like SAP Suite AI can provide a critical edge. How SAP Suite AI Drives Business Efficiency SAP Suite AI is specifically designed to bring these benefits to the core functions of an enterprise. Here are some ways it helps drive business efficiency : Automated Invoice Processing: AI can read, validate, and process invoices automatically, matching them with purchase orders and flagging discrepancies, significantly reducing manual effort and errors in finance departments. Optimized Supply Chains: AI algorithms can predict demand fluctuations, optimize inventory levels, route logistics more efficiently, and identify potential disruptions in the supply chain before they impact operations. Intelligent Customer Service: AI-powered chatbots and virtual assistants can handle routine customer inquiries, freeing up human agents for complex issues, while AI analysis of customer data can personalize interactions and predict customer needs. Predictive Maintenance: In asset management, AI can analyze sensor data from machinery to predict when maintenance is required, preventing costly breakdowns and extending asset lifespan. Enhanced Talent Management: AI can assist in recruiting by screening resumes, identifying best-fit candidates, and even predicting employee flight risk, improving HR efficiency. These are just a few examples. By embedding AI into workflows across the entire business suite, SAP aims to make every process smarter and more efficient. Achieving Seamless AI Integration with SAP One of the major hurdles for businesses adopting AI is successful AI Integration into existing systems and workflows. SAP addresses this challenge by building AI directly into its Suite products, often as pre-configured capabilities or easily activated features. This reduces the complexity typically associated with implementing standalone AI solutions. SAP also provides tools and platforms, such as SAP Business Technology Platform (BTP), that allow customers and partners to build custom AI applications or extend existing SAP functionalities with AI. This flexibility ensures that businesses can tailor their AI Integration strategy to their specific needs and industry requirements. Key considerations for successful integration include: Data Readiness: Ensuring clean, accessible, and well-governed data is fundamental, as AI models rely heavily on quality data. Change Management: Preparing employees for new AI-powered workflows and providing adequate training is crucial for adoption. Ethical AI and Governance: Establishing guidelines for responsible AI use, ensuring fairness, transparency, and data privacy compliance. Phased Rollout: Starting with pilot projects in specific areas to demonstrate value before scaling AI integration across the entire organization. What Can We Learn About SAP AI from the Bitcoin World Sessions? The mention of the Bitcoin World Sessions: AI panel in the context of SAP AI is particularly interesting. While Bitcoin World primarily focuses on cryptocurrency, blockchain, and the broader digital asset space, technology convergence is a major theme. Businesses operating in the crypto space, whether exchanges, mining operations, DeFi platforms, or service providers, are still businesses that rely on core functions like finance, HR, and supply chain. Hearing from SAP experts at such a forum provides valuable insights into how enterprise-grade AI solutions can support the unique operational demands of crypto-native or crypto-adjacent companies. The panel likely covered: Specific use cases for AI in financial operations relevant to digital assets. How AI-driven efficiency can impact resource allocation in energy-intensive operations like mining. The role of AI in enhancing security and compliance within enterprise systems handling digital assets. The future roadmap for SAP Suite AI and how upcoming features might benefit technologically advanced businesses. Catching up with such a session offers a unique perspective on how established enterprise technology is adapting to and supporting emerging industries like cryptocurrency, highlighting the universal applicability of strong business efficiency tools powered by AI. The Future Landscape: More Intelligent Enterprise The journey of SAP AI and SAP Suite AI is far from over. SAP continues to invest heavily in research and development, exploring advanced AI techniques like generative AI, reinforcement learning, and explainable AI to further enhance its offerings. The future promises even more sophisticated automation, deeper predictive capabilities, and more intuitive user experiences across the SAP suite. As AI becomes more pervasive, the lines between different business functions will blur, with intelligent systems facilitating seamless workflows and proactive insights across the entire organization. Businesses that understand and strategically leverage these AI advancements will be better positioned to navigate complexity, optimize operations, and achieve sustainable growth. Conclusion: Embracing the Intelligent Enterprise with SAP SAP’s commitment to integrating AI throughout its enterprise suite via SAP Suite AI marks a significant step towards the intelligent enterprise. By embedding AI into core business processes, SAP is enabling companies to unlock new levels of automation, gain deeper insights, and achieve unprecedented business efficiency . For organizations looking to leverage cutting-edge technology to streamline operations and drive growth, understanding the capabilities and potential of SAP AI is essential. The insights shared in forums like the Bitcoin World Sessions panel underscore the relevance of enterprise-grade AI Integration even in dynamic, technology-forward sectors. Embracing these innovations is key to staying ahead in the digital age. To learn more about the latest AI news trends, explore our article on key developments shaping AI. To learn more about the latest enterprise AI trends, explore our article on key developments shaping AI features. This post SAP AI: Revolutionizing Enterprise Efficiency with Suite AI first appeared on BitcoinWorld and is written by Editorial Team
Mortgage-backed securities massively contributed to the 2008 financial crisis. According to some observers, Bitcoin, created as a response to this crisis, started to resemble MBS as a large part of the Bitcoin market is now represented by “paper” Bitcoin or sophisticated Bitcoin derivatives. How accurate is that? Should we get ready for another fundamental shakeout? Table of Contents Crisis of 2008 From Bitcoin whitepaper to “paper” Bitcoin Crisis of 2008 The 2008 financial crisis was a product of several simultaneous misfortunes and disproportions. One of the factors that made it possible was the development of extremely complex trading instruments. Securitization is the term that describes the contractual debt-based pools of money related to these debts (mortgage, auto loans, etc) sold to third parties in the form of securities. Mortgage-backed securities saw sharp traction, but they turned out to be not collateralized properly. Mortgages were given to people with little to no proof of financial solvency. MBS associated with subprime mortgages became the dynamite for the world economy during the housing bubble boom in 2007–2009. Banks, hedge funds, and mortgage lenders saw bankruptcies, liquidations, bank runs, etc. The results of the 2008 financial crisis included a high unemployment rate, crashed markets, an inflation spike, a decline in household wealth, and the number of bailouts. The governments saved the banking system while most of those responsible for the crisis were not punished . An unknown innovator came up with an alternative electronic cash system, not controlled by the banks and governments, known as Bitcoin. Read more: What is a genesis block? From Bitcoin whitepaper to “paper” Bitcoin While Bitcoin is technically independent from any entity as its network is decentralized, governments and corporations eventually found a way to influence Bitcoin to some extent, as they have the power to funnel millions of dollars into Bitcoin. As public awareness about Bitcoin grew, its price went higher. Investments from institutions and governments were mostly seen positively as they were to increase Bitcoin’s spot price and bring it closer to mass adoption. Soon, Bitcoin started to adopt traditional financial instruments to allow profit from bitcoins you don’t hold. In 2017, Bitcoin futures became available. Bitcoin margin trading was already in place by that time. 2024 saw Bitcoin ETF approval. The introduction and growing adoption of Bitcoin derivatives created patterns that remind some of the MBS movements before the 2008 financial crisis outbreak. These days, certain pension funds in the U.S., UK, and Australia invest in Bitcoin through ETFs, just as 17 years ago they were investing in MBS. Just like 17 years ago, Bitcoin derivatives are so sophisticated that risk management is limited. The same was the case with MBS when no one knew exactly who owned what, as the securities were bundled with other instruments and sort of blended. Today fear of missing out fuels institutional investors the similar way it was in 2008. Academic researchers Rahool Kapoor and Natalya Vinokurova released a piece this March, in which they warned readers of inaccurate analogies. They write that comparing Bitcoin to gold is as risky as comparing MBS to bonds. Bitcoin is similar to gold in many ways, whether it is scarcity or high returns, but authors say that Bitcoin may fail the way MBS did after ungrounded trust in this asset mixed with FOMO. These researchers don’t try to explain why many believe that Bitcoin is not only similar to gold but superior in many instances. Nevertheless, their criticism of the processes surrounding Bitcoin these days resembles some (rare) opinions across Crypto Twitter, signaling that too much paper Bitcoin on the market may end up badly. Paper Bitcoin means that when two people use an exchange so that one will lend their bitcoins to another, the real exchange between the two may not happen. Instead, an exchange will display both persons as having these bitcoins. It distorts the data and engages people in trading uncollateralized assets. It's simple. Short sellers of $IBIT , for example, are creating paper Bitcoin. This happens through Operational Short Selling — where market makers borrow ETF shares and short them, while the fund itself holds real BTC. The result? More claims on Bitcoin than actual coins. https://t.co/G4pxLnFVRV — Josh Man (@JoshMandell6) June 8, 2025 Some believe that paper Bitcoin trading is the reason why the BTC price is still far from being one million or even half of it despite multi-million purchases by Bitcoin treasuries. However, it’s worth saying that Bitcoin treasuries use OTC desks to avoid immediate impact on the markets. My thesis is that if the financial system heals then bitcoin treasury companies will probably collapse. If it doesn't heal the banks and the treasury market are close to collapse — DarkSideOfTheMoon (@DarkSide2030_) June 9, 2025 Some in the crypto community oppose Bitcoin treasures for various reasons, including centralization, paper asset trading, lack of usability, insecurity, etc. The narrative surrounding Bitcoin has shifted from the Wall Street denial to a basis for another unsafe asset traded by it. Time will show how sustainable Bitcoin will be in the event that its derivatives fall apart. As of June 2025, only a few experts express concern about paper Bitcoin trading. Some think that obligatory proof-of-reserves would have lowered the risks associated with paper Bitcoin. However, it requires changing the practice of how exchanges act. Others stick to Bitcoin self-custody and don’t trust their funds to Bitcoin treasury companies and other centralized entities. You might also like: Michael Saylor won’t publish Strategy’s proof of reserves: “It’s a bad idea”
COINOTAG announced on June 10 the acceptance of the research paper titled “Tessel: An Optimized Compiler for Cryptographic Circuits” at the prestigious SBC’25 blockchain conference. The study, a collaboration among