Bitcoin’s seven day price action has been nothing short of explosive, surging from $82K to over $94K in less than a week!
With volatility and ongoing macro uncertainty, BTC is holding strong around $93K. The momentum suggests that bullish sentiment remains firmly intact as the week continues.
Jack Mallers and a group of investors have officially unveiled Twenty-One, a bold new Bitcoin investment company with $500M already committed. Loaded with over 42,000 Bitcoin, Twenty One is being formed through backing by Cantor Equity Partners, a publicly traded SPAC. The new entity is also supported by Tether and SoftBank.
In a 13-minute video, Mallers, the incoming CEO of Twenty-One, introduced new metrics like BPS (Bitcoin Per Share) and BRR (Bitcoin Return Rate), shifting the focus from fiat profits to bitcoin-denominated growth.
Unlike traditional ETFs, Twenty-One aims to build an entirely new market centered on increasing your bitcoin per share, not just tracking price.
The $TRUMP meme coin spiked over 60%, jumping from $9.02 to $14.46, after an announcement that the top 220 buyers would be invited to a private dinner with Donald Trump on May 22. The top 25 holders will also receive VIP access and a special tour.
While the meme coin value has since dipped, the coin is part of Trump’s larger crypto push, including a new exchange and pivoting his media company into crypto finance, which has drawn scrutiny over potential conflicts of interest.
Responding to criticism, White House deputy press secretary Anna Kelly said, “President Trump’s assets are in a trust managed by his children. There are no conflicts of interest.”
Coinbase is one of at least 15 digital asset firms considering applying for trust charters from the OCC. It also plans to apply for a federal bank charter, which would let it handle payments directly and operate more securely without relying on traditional banks.
This push comes after a key regulatory hurdle was removed last month, opening the door for digital asset firms to gain national bank status under the crypto-friendly Trump administration.
“There should be more federally chartered digital asset banks — and we would be proud for others to follow in our footsteps,” said Anchorage CEO Nathan McCauley.
While the OCC is signaling openness, the Federal Reserve remains hesitant, citing potential systemic risks.
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