Coinbase’s Bitcoin Pizza Day event in NY, selling $1 slices in USDC not Bitcoin, sparked debate. This shift from the 2010 event where 10,000 BTC bought two pizzas, now worth $700M, highlights the tension between crypto tradition and innovation. Critics argue for Bitcoin’s use, emphasizing payment evolution.
The Bitcoin Therapist hails Spot Ethereum ETF approval as “incredibly bullish” for Bitcoin, marking a shift in maximalist views and signaling wider crypto acceptance. Spot Bitcoin ETFs see $107M inflow, highlighting investor confidence.
ESET Research reveals the Ebury botnet, with a footprint in nearly 500,000 servers, continues to pose a significant threat by targeting cryptocurrency, affecting over 100,000 servers globally as of late 2023.
Alex Thorn highlights Bitcoin’s evolution at the MicroStrategy World conference, noting its acceptance by Wall Street and corporations, and the pivotal role of spot Bitcoin ETFs in legitimizing its investment status.
Rumors of a U.S. spot Ethereum ETF approval for May 2024 sparked a significant Ethereum price surge to $3,948, outperforming Bitcoin and highlighting Ethereum’s institutional appeal and market optimism.
CrossBridge Capital’s MD predicts Bitcoin could hit $250k in 3-5 years as UK approves Bitcoin and Ethereum ETPs trading on the London Stock Exchange, a move possibly boosting Bitcoin’s market significantly.
Global Bitcoin ETFs are on the brink of a landmark, nearing 1M BTC reserves, with a significant boost from the U.S. This reflects growing institutional confidence and hints at potential price surges due to a supply shock.
On May 22, 2024, the US Bitcoin ETF sector experienced a $153.91M boost, with BlackRock’s fund adding $92M, showcasing strong market confidence and institutional acceptance of digital assets.
A Satoshi-era Bitcoin whale moved 2000 BTC worth $139M from 2010 holdings, showcasing Bitcoin’s massive appreciation & potential for long-term growth. Transaction cost was just $214.14, highlighting Bitcoin’s efficiency.
Bitcoin mining difficulty hit a new high of 84.38 T on May 23, 2024, post-April 20 halving, reflecting increased competition and network security. This adjustment, amidst a 603.62 EH/s hash rate, underscores the network’s evolving robustness and miner engagement.
On May 22, BlackRock’s Bitcoin ETF attracted $91.95M, outshining Grayscale’s $16.09M outflow, hinting at BlackRock’s rise as a leading Bitcoin ETF. This surge reflects a growing institutional interest in regulated cryptocurrency investments, amidst global Bitcoin ETF holdings nearing 1M BTC, and the launch of WisdomTree’s ETPs by the UK’s FCA, marking a significant move towards mainstream crypto acceptance.
BKCM CEO Brian Kelly on CNBC highlights growing calls for a Solana ETF following Bitcoin and Ethereum ETF approvals, signaling a broadening of crypto financial products and potential diversification in mainstream investment portfolios despite regulatory challenges.
Anthony Scaramucci defends Michael Saylor, calling criticism “total nonsense.” Saylor’s leadership at MicroStrategy showcases Bitcoin’s potential, elevating his net worth to $4 billion.
In 2010, 10,000 bitcoins bought 2 pizzas, marking crypto’s first buy. Binance now honors this by giving out 5,000 pizzas globally, celebrating Bitcoin’s history & strengthening community ties.
