Bitcoin investors’ expectations evolve as 88% of BTC supply is in profit

Goldfinch and Fidu are set to announce their biggest partner integration yet, making investors excited about the potential impact on price. Partnerships usually bring new resources, increased adoption, and added credibility. These can lead to higher demand and price increases. However, the true impact depends on the partner’s identity and the specifics of the collaboration. If the partner is a major player, this could be a big boost for both FIDU and GFI. Keep an eye on the announcement for more details. source

Space and Time (SXT) will be listed on Binance Alpha, a major step for any cryptocurrency because Binance is one of the largest exchanges. This listing can significantly boost SXT’s visibility and liquidity, potentially driving its price higher. Early access and promotions linked to Binance Alpha Points could further enhance demand. However, price impact will also depend on wider market conditions and early investor reactions. A listing often brings an initial price spike, so keeping watch on trading patterns could be important for traders. source

CopXToken (COPX) is getting listed on CoinUp.io, bringing it to a broader audience. Listings can drive new interest and purchases of the token due to increased accessibility and trading ease. CoinUp.io might not be as large as Binance, but it still can attract traders seeking new opportunities. If the token catches traders' interest, its price might rise. However, if demand doesn’t pick up or is overwhelmed by sellers taking profits, any price increase could be short-lived. Traders should monitor trading volumes and market sentiment post-listing. source

House Republicans unveiled a discussion draft of a bill to regulate the digital asset industry, expanding on work done over the years.

Top Republicans on the House Financial Services Committee — Reps. French Hill and Bryan Steil — along with their counterparts on the House Agriculture Committee — Reps. Glenn "GT" Thompson and Dusty Johnson released the draft on Monday. 

"We made historic progress in the 118th Congress to build bipartisan, bicameral consensus in crafting a functional regulatory framework for digital assets," Hill said in a statement. "Our discussion draft builds upon that work and provides much-needed regulatory clarity for the digital asset ecosystem by protecting consumers and safeguarding the long-term integrity of digital asset markets in the United States." 

The Block earlier reported that lawmakers planned to release the discussion draft ahead of a hearing on Tuesday titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century." The draft was expected to resemble last year’s Financial Innovation and Technology for the 21st Century Act (FIT21), which passed the House.

FIT21 set out to clarify when a digital asset would be regulated by the Securities and Exchange Commission, the Commodity Futures Trading Commission, or both. It would have ultimately granted more power and funding to the CFTC to oversee crypto spot markets and "digital commodities," particularly bitcoin, and set parameters for the U.S. Securities and Exchange Commission.

The discussion draft released on Monday includes language around the SEC and CFTC's authority while also looking to create a "pathway to raise funds under the SEC’s jurisdiction" and "clear process to register with the CFTC for digital commodity trading," according to a one-pager. 

The discussion draft also includes requirements around disclosures and lays out how "digital commodity exchanges" would be registered. 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Mackenzie Tatananni

MicroStrategy snapped up even more Bitcoin and exhausted its 2024 at-the-market common stock offering.

The company, which does business as Strategy, bought 1,895 Bitcoins for a total purchase price of $180.3 million, or around $95,167 per Bitcoin, from April 28 through May 4. Strategy disclosed the transactions in a form filed with the Securities and Exchange Commission on Monday.

The latest purchase brought the company's total holdings to 555,450 Bitcoins purchased for a total of $38.08 billion, or around $68,550 each.

The world's largest corporate holder of Bitcoin also noted the completion of its common equity at-the-market offering, an initial $21 billion program established in October 2024.

Strategy sells equity, debt, and preferred stock to fund Bitcoin purchases and is planning more sales through a new $21 billion 2025 ATM offering of common shares.

Strategy unveiled its "42/42 Plan" last week, saying it aims to secure a total of $84 billion of capital over the next two years to support its Bitcoin treasury operations.

The announcement came just six months after Strategy introduced a so-called 21/21 Plan with the goal of raising $21 billion through equity offerings and another $21 through fixed-income securities.

The latest $42 billion increase leaves $56.7 billion to raise by December 2027. TD Cowen analysts said Monday that they expect Strategy to "move expeditiously" in the coming weeks. "We expect usage will commence in the near term," the analysts wrote.

They noted that issuance on the company's other at-the-market offering, its STRK convertible preferred equity ATM, accelerated over the past week to $51.8 million, representing "a new high-water mark for the company."

Shares of the software company tumbled 4% to $378.58 on Monday. The S&P 500 and tech-heavy Nasdaq Composite were down 0.4% and 0.6%, respectively.

Also falling was the price of Bitcoin, which was down 1.6% over the past 24 hours to $94,068, according to CoinDesk data.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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Cardano's surprising "problem" highlighted by top exec: What is it?

In a recent X thread, Tim Harrison, Input Output EVP Community & Ecosystem, shared his personal thoughts on Cardano's so-called "marketing problem." As clarified by the executive, this problem lies in the project's inability to effectively communicate its value to the wider audience despite having built a solid foundation. "We’ve built something real here, something principled. But if no one knows what we’ve built or why it matters, we’ve got a problem," Harrison wrote. He believes that Cardano does not need what is usually understood by "marketing" in crypto, i.e., hype, or the promises of massive price gains; however, it does require amplification, as "even great builders need visibility." Harrison also believes in the "Growth First, Marketing Second" approach, citing a statement from a DRep Forum, according to which the goal is growth, not marketing. Among other ideas, the exec highlighted a need for a smarter strategy, simplification of the project's message, empowering the community and more.

Coinbase names five cryptocurrencies to be delisted: Details

On Friday, May 2, Coinbase's X account, Coinbase Assets, addressed its followers with a delisting announcement. Following the exchange's recent review, it was decided that five cryptocurrencies will be removed from the platform. Starting from May 16, 2025, on or around 2:00 p.m. ET, Coinbase will suspend trading for Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN) and PARSIQ (PRQ). As explained by Coinbase, the tokens are being delisted because of the release of their new versions. As a result, the original versions of these tokens no longer meet the exchange's listing criteria. Consequently, trading for the tokens GAL, LIT, DAR, ORN and PRQ will be suspended on Coinbase (Simple and Advanced Trade), Coinbase exchange and Coinbase Prime. Ahead of the delisting action, the order books for these tokens have been switched to limit-only mode, allowing users to place and cancel limit orders, and matches may occur.

1,000,000,000 XRP unlocked by Ripple as it sets new rules

As reported by Whale Alert blockchain tracker, on Saturday, May 3, three massive XRP transactions took place, carrying one billion XRP cumulatively. The three transfers moved 200 million XRP, 300 million XRP and 500 million XRP, with the largest transaction initiated by Ripple itself. However, according to XRPscan, the other two XRP lumps were released from escrow by the same entity. Meanwhile, Ripple has changed its approach to releasing XRP. Unlike previous months, where Ripple released one billion XRP on the first day, this time the release occurred on the third day of the month. Additionally, Ripple now locks 700 million XRP in escrow before releasing one billion XRP, not after, as before. With the help of releasing these large amounts of XRP every month, Ripple aims to maintain liquidity on the market while using part of the proceeds for operational expenses and supporting its Ripple Payments network.