Cathie Wood CEO of ARK Invest has confidently stated that Bitcoin is on track to reach a price target of $700,000 or more in the next few years. Speaking on CNBC’s Squawk Box, Wood emphasized ARK’s prediction that Bitcoin could rise by 580% from its current value by 2030. She mentioned that the base case for Bitcoin stands between $700,000 and $750,000 with the bullish case pushing it as high as $1.5 million.

Wood pointed to three key factors driving this price surge. These include Bitcoin’s growing market share as a store of value in competition with gold the increasing institutional interest and emerging market use cases. She noted that institutions are just beginning to explore Bitcoin and that millions more coins will be minted.

Wood also discussed the end of the US recession highlighting productivity gains spurred by artificial intelligence. She believes the economy will see a period of growth following the uncertainties around tariffs and rising inflation will remain under control.

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Goldman Sachs has significantly increased its exposure to Bitcoin by boosting its stake in BlackRock’s iShares Bitcoin Trust (IBIT) by 28% now holding 30.8 million shares worth over $1.4 billion. This growth makes Goldman the largest institutional holder of IBIT according to the latest SEC filing reported by MacroScope.

The bank’s total exposure to spot Bitcoin ETFs remains steady with no major change to its position in Fidelity’s Bitcoin fund FBTC. Goldman previously held over $1.5 billion in US Bitcoin ETFs and the latest disclosure suggests stronger confidence in Bitcoin’s long-term performance. The removal of earlier options contracts tied to IBIT and FBTC signals a shift toward direct holdings rather than hedged strategies.

Since launching in January IBIT has attracted more than $44 billion in net inflows and currently manages about $62.8 billion in assets. The ETF gained $1.04 on Friday closing at $58.66 highlighting continued investor interest and momentum in the crypto market.

SEC Filing

In a letter to the Southern District of New York (SDNY) filed today, the prosecutors in the Samourai Wallet case stated that they did not withhold exculpatory evidence and petitioned the judge for the case to deny the defense’s request for a hearing to discuss the late disclosure of key information that prosecutors had obtained from FinCEN almost two years ago.

Earlier in the week, the defense stated in a letter that they’d learned that FinCEN had “strongly suggested” that Samourai Wallet was not acting as a money transmitting business due to the noncustodial nature of the product in a discussion between certain FinCEN members (more on these members two sections down) and the…

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Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused tech and investment company, just announced a non-brokered private placement of up to 5,454,546 units priced at $0.55 each. The total amount Matador expects to raise is up to C$3,000,000 in gross proceeds.

The funds raised will be allocated into three equal parts. One-third will be used to buy Bitcoin, which lines up with the company’s continued interest adding to their Bitcoin reserves. Another third will go toward expanding their gold acquisition plans and growing the Grammies business initiative. The final third will cover general corporate needs—things like operations,…

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Hut 8 Corp. (Nasdaq | TSX: HUT) reported a Q1 2025 net loss of $134.3 million, marking a turbulent start to the year as the company executes a bold strategy to become a fully integrated energy infrastructure platform. Quarterly revenue came in at $21.8 million, down from $51.7 million year-over-year, while Adjusted EBITDA was reported at ($117.7) million.

Today we announced our results for Q1 2025, a period of deliberate investment designed to unlock the potential of our development flywheel.

Highlights

– Deployed our upgraded ASIC fleet to end the quarter with 9.3 EH/s at approximately 20 J/TH

– Launched @AmericanBTC to… pic.twitter.com/JoEbWIuMhd

— Hut 8 (@Hut8Corp) May 8, 2025 … Read more on BitcoinMagazine

Coinbase has made a significant move in the U.S. derivatives market, launching 24/7 trading for Bitcoin futures. This is the first time that leveraged futures contracts for these digital assets will be available around the clock on a CFTC-regulated exchange. Starting today, U.S. traders will have access to Coinbase Derivatives, LLC (CDE), enabling continuous trading, including weekends, with no restrictions tied to traditional market hours.

24/7 trading for futures is here in the US.

Trade Bitcoin and Ethereum futures on your time — any hour, any day. The market doesn’t sleep, and now, neither do your opportunities.

Next up: Perpetual futures. Stay tuned…. Read more on BitcoinMagazine

The price of Bitcoin has surged past $104,000 this morning, and it’s no accident. A mix of surging institutional inflows, record-breaking ETF momentum, and growing corporate adoption are fueling this rally. Here’s what’s helping contribute to the rising price of Bitcoin. 

Big institutions like banks, asset managers, and even some companies are putting money into Bitcoin through ETFs (exchange-traded funds).

On Wednesday, James Seyffart of Bloomberg ETF Research reported that spot Bitcoin ETFs have officially hit a new all-time high in lifetime flows, reaching $40.33 billion, according to Bloomberg data. This marks a sharp recovery from the dip earlier this year and signals…

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Coinbase has officially launched 24/7 Bitcoin and Ethereum futures trading through its CFTC-regulated arm Coinbase Derivatives. This marks a major milestone for the crypto industry giving both retail and institutional traders the ability to trade futures anytime including weekends. All transactions will be cleared through Nodal Clear ensuring a secure and regulated trading environment.

The company will offer constant execution and risk management support helping users respond to market shifts beyond traditional trading hours. Coinbase aims to bring more flexibility and access to the growing crypto community and is working closely with the CFTC to expand its services further. Partners in this launch include Virtu Financial ABN AMRO Wedbush Securities and Coinbase Financial Markets.

Coinbase executives call this a game-changer for digital assets in the US. The announcement comes just after Coinbase revealed plans to acquire Deribit for 2.9 billion dollars boosting its derivatives offerings. The move signals a clear push toward making crypto futures a mainstream trading option around the clock.

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