How this bitcoin bull market stacks up against the others

If you believe in big fractal energy, the next few months will be totally decisive for bitcoin’s price. 

For all we know, bitcoin’s all-time high of nearly $73,740 in March was the peak of our current cycle. 

That would mean the bull market is over. Bitcoin and ether trading 5% lower today — sending practically everything else except stablecoins into the red — surely isn’t helping sentiment.

But the problem with markets is that you never really know when they’ve topped out.

Looking back, bitcoin’s all-time high in December 2017 was clearly the top for the next three years, even if altcoins continued to rally for another few weeks.

Read more: Empire Newsletter: Market…

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A Large Donor to Anti-Bitcoin Rep. Brad Sherman Coordinates With China's "Magic Weapon" to Influence US Politicians, Including President Biden and Vice President Harris

In 2018, one of the largest donors to Rep. Brad Sherman’s campaign was a bank director who had spent large sums of money to build political influence among American politicians — and who led a US-registered non-for-profit that “signed a MOU of friendly cooperation” with a Chinese state entity alleged by the US State Department to “malignly” influence local and state authorities — a branch of the Chinese People’s Association for Friendship with Foreign Countries and part of the United Front Work Department (UFWD) responsible for “co-opting and neutralizing threats to the party’s rule and spreading its influence and propaganda overseas,” as alleged by the State Department. His name:…

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Don’t hold your breath for an altcoin ETF

On May 23, the US Securities and Exchange Commission approved the first spot Ethereum ETFs, a significant milestone for the cryptocurrency market. But while it’s broadly a positive decision, it’s no outright win for the crypto community. 

The move follows the earlier approval of bitcoin ETFs in January. Taken together, the two approvals certainly seem to signal a shift in the regulator’s approach towards digital assets, which can only lead to greater adoption. 

However, the wait for other cryptocurrency ETFs is likely to be much longer than the wait for Ethereum’s. The SEC’s approval of Ethereum ETFs also represents a glimmer of a dawning, developing regulatory landscape…

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LATEST: Over Half of Japan’s Managers to Invest in Crypto, Nomura Survey

A recent survey by Nomura Holdings and its digital asset subsidiary, Laser Digital, highlights a bullish outlook on cryptocurrencies among Japanese investment managers. Over 54% of managers surveyed plan to add crypto assets to their portfolios in the next three years, aiming to enhance stability and hedge against inflation through diversified investments. This sentiment follows the Japanese cabinet’s endorsement of cryptocurrencies as legitimate assets for local investment funds.

The enthusiasm for digital currencies is also reflected in the acceptance of crypto as a viable diversification strategy, with 62% of respondents viewing it favorably. A significant 25% hold a particularly positive view on major cryptocurrencies like Bitcoin and Ether. This growing confidence is spurred by evolving financial products in the crypto space, including ETFs, staking, and lending services.

This shift aligns with Prime Minister Fumio Kishida’s vision of fostering a robust Web3 industry under Japan’s new economic policy. The recent legislative changes to exclude corporate tax on unrealized crypto gains further pave the way for long-term investments, signaling a promising future for crypto assets in Japan’s financial landscape.

Survey

Winklevoss Twins | Bitcoin Donations

In a recent turn of events, the Winklevoss twins, renowned Bitcoin investors and founders of the Gemini exchange, found themselves at the center of a political fundraising story.

Cameron and Tyler Winklevoss, famous for their legal battles with Facebook founder Mark Zuckerberg and their significant contributions to the digital asset world, made headlines again with their donations to Donald Trump’s 2024 presidential campaign.

However, their generous contributions exceeded federal legal limits, prompting refunds from the Trump campaign.

The story began when the Winklevoss twins decided to support Donald Trump’s presidential bid by donating bitcoin. Each twin contributed…

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