A year following its proposal, a new project revealed today is committed to bringing the Ark concept into reality. Ark Labs has announced it is developing the Bitcoin layer-two network and hopes to capitalize on the growing demand for scalable, low-cost Bitcoin payment solutions.

Speaking with Bitcoin Magazine, Marco Argentieri, CEO of Ark Labs, shared his perspective on the evolution of the protocol since its initial release. “After months of prototyping and putting together proofs-of-concept, we believe Ark is ready to enter the next stage of its development and we are excited to share this opportunity with the industry”.

… Read more on BitcoinMagazine

$1M – $10M MarketCap:

1. Quack (QUACK): 242%
2. Efforce (WOZX): 66%
3. ritestream (RITE): 48%
4. Engines of Fury (FURY): 22%
5. IntentX (INTX): 16%

$10M – $100M MarketCap:

1. pSTAKE Finance (PSTAKE): 62%
2. Linear (LINA): 41%
3. OmniCat (OMNI): 37%
4. Chickencoin (CHKN): 25%
5. mfercoin (MFER): 21%

$100M – $1B MarketCap:

1. DOG•GO•TO•THE•MOON (DOG): 27%
2. PUPS (PUPS): 27%
3. Vulcan Forged (PYR): 16%
4. Beercoin (BEER): 15%
5. Songbird (SGB): 14%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Renowned market analyst Peter Brandt has shared a series of predictions that have set the Bitcoin world abuzz.

Known for his accurate forecasts, including bitcoin’s parabolic bull run in 2017, Brandt has recently made headlines with his latest outlook for bitcoin.

He suggests that the digital asset could reach new heights, potentially hitting between $130,000 and $150,000 by late August or early September 2025.

Brandt’s analysis centers around Bitcoin’s halving events, which occur approximately every four years and reduce the rewards for mining new blocks by half.

Historically, these events have been pivotal in bitcoin’s price trajectory, often marking the start…

Read more on bitcoinnews

Thailand has officially approved its first spot Bitcoin exchange-traded fund (ETF), signaling a significant endorsement of cryptocurrency investments. The Thai Securities and Exchange Commission (SEC) has greenlit One Asset Management (ONEAM) to launch the ONE Bitcoin ETF Fund, with availability set from May 31 to June 6. Aimed at affluent and institutional investors, this move aligns with the SEC’s revised April guidelines focusing on professional investors.

This ETF will tap into 11 major global Bitcoin funds, ensuring robust liquidity and heightened security. By offering regulated Bitcoin exposure, the ONE Bitcoin ETF Fund mitigates risks such as theft, prevalent in direct cryptocurrency ownership. Meanwhile, MFC Asset Management is also in the queue, awaiting approval for its Bitcoin ETF, pointing to a growing institutional interest in regulated crypto assets in Thailand.

The global trend of accepting Bitcoin ETFs has seen jurisdictions like the USA, Hong Kong, Australia, and the UK facilitating easier access to Bitcoin investments. Thailand’s regulatory approval reflects a keen awareness of institutional demand for Bitcoin, potentially paving the way for broader acceptance and public offerings in the future.

Bangkok Post