Odaily Planet Daily News: Recently, multiple on-chain indicators show that Bitcoin (BTC) may be forming a "double top" pattern similar to that of 2021. The current price is close to the high of about $109,000 set in January, but the weekly RSI has shown a bearish divergence, and trading volume has continued to decline on crypto and institutional platforms. In 2021, Bitcoin quickly fell after reaching a high of about $65,000 in April, and then hit a new high again in November, eventually entering a year-long bear market. Analysts pointed out that although the current market environment is different, the technical indicators are similar to those of that year, and investors should pay attention to potential risks. (CoinDesk)

Odaily Planet Daily News: Nasdaq-listed Bitcoin mining company Bitfarms announced its Q1 2025 financial report, with revenue reaching $67 million, a year-on-year increase of 33%; Bitcoin mining gross profit margin was 43%, lower than 63% in the same period last year. Net loss for the quarter was $36 million. As of May 13, Bitfarms held approximately $150 million in liquid assets and a total of 1,166 Bitcoins.

On May 14, 2025, 11:39 AM(UTC). According to Binance Market Data, BNB has crossed the 660 USDT benchmark and is now trading at 660.330017 USDT, with a narrowed 0.99% increase in 24 hours.

OKX market shows that BTC has broken through 104,000 USDT and is now at 104,000.8 USDT, with a 24-hour increase of 0.28%. (This newsletter is generated by AI)

Speculation brought the first wave of users, but it won’t bring the next billion.

This is less a story about the disruption of Wall Street than a story about the growth of Bitcoin and cryptocurrencies

1. Binance Wallet will launch Privasea AI (PRAI) TGE on May 14, requiring 198 Alpha points or certain conditions to participate; 2. New on Binance Alpha: Bluefin (BLUE); 3. Analyst: Over $35 billion flowed into the crypto market in the past three weeks; 4. Binance Alpha and contracts will soon launch NEXPACE (NXPC); 5. Binance upgrades designated account plan; 6. Binance will launch NXPC perpetual contracts and leveraged trading; 7. Coincheck financial report: Completed the acquisition of staking platform Next Finance Tech, customer assets increased to $5.732 billion; 8. Binance VIP borrowing adds KMNO, SYRUP, SXT, STO borrowable assets; 9. A whale spent 1.56 million USDT to buy 9.55 million LAUNCHCOIN; 10. Binance's principal-guaranteed earning coin launches LAYER regular product; 11. Bitcoin Magazine CEO: If the BTC price on the company's balance sheet is lower than its value, why not sell and repurchase the shares? 12. A whale sold 341,783 TRUMPs, losing $446,000; 13. Australia's Monochrome spot Bitcoin ETF's holdings rose to 420 BTC; 14. A whale withdrew 72,500 SOL from FalconX and pledged it; 15. The giant whale "silentraven" exchanged 100 WBTC for 3,855.2 ETH.

The update was shared on X by crypto analyst WrathofKahneman, marking what appears to be the first confirmed trial of Ripple’s blockchain for a … source: https://coinpedia.org/news/xrp-news-today-bank-of-france-officially-testing-ripples-ledger-for-digital-euro/

Matt Hougan compared blockchains to internet investing in 2004, likening Bitcoin to Google and arguing for diversified crypto exposure. source: https://www.theblock.co/post/354259/bitwise-cio-says-bitcoin-is-king-but-history-favors-a-diversified-crypto-basket-drawing-parallel-to-2004-internet-investing?utm_source=rss&utm_medium=rss

Many people are wondering if the sharp rise in Ethereum $ETH is related to the recent Pectra upgrade. The answer is probably not.

Announced on May 13, the deal marks a new chapter for one of Web3’s most recognizable brands. While the sale price remains undisclosed, NODE revealed it received a $25 million endowment. This positions cryptopunks as the most well-funded nonprofit focused solely on digital art in the United States source: https://www.altcoinbuzz.io/cryptocurrency-news/yuga-labs-transfers-cryptopunks-ip-to-nonprofit/

TL;DR Acquisition to Propel v4 Launch: Synthetix is proposing to acquire Derive, aiming to integrate its advanced decentralized options protocol into the Synthetix ecosystem and supercharge the upcoming v4 launch. Strategic Token Swap Deal: The proposal involves a $27 million token swap, with a structured vesting schedule for DRV holders, ensuring a smooth transition and. . . source: https://crypto-economy.com/synthetix-proposes-derive-acquisition-to-supercharge-v4-launch/

The gap between Bitcoin and Ether could close in coming weeks and months as investors allocate capital to more risk assets aside the so-called digital gold. source: https://www.theblock.co/post/354255/altcoin-led-rally-increasingly-favored-as-eth-and-major-alts-outclassed-btc?utm_source=rss&utm_medium=rss

It does not rely on water or electricity, and does not go deep into the mountains. It just runs a few devices quietly in the city office building. There is no roar of fans, nor the smell of burning circuit boards. It just "calculates" silently and produces tokens silently.

From the "Chinese evangelist" who translated the Bitcoin white paper to the "king of mining machines" who controls the world's computing power.

This remarkable leap positions Ethiopia among the world’s top mining hubs, powered primarily by its abundant and cost-effective hydroelectric energy.

The bosses of crypto lender Cred have admitted in court to lying to customers about the company's financial problems. This deception led to the firm collapsing and investors losing a large amount of their digital money.

What appears to be a “harmless” profit model may actually be a hidden pump-and-dump mechanism.

SEC, Interpretation of the U.S. SEC Chairman's detailed discussion on on-chain issuance, custody and trading. Golden Finance, SEC's speech changed its tone, did the crypto industry understand?

As crypto assets become increasingly mainstream, more and more companies will be involved in it, and funds, attention, and resources will further flow into the market. This round of institutional FOMO wave has just begun.