Analysts at CF Benchmarks have released a new price model forecasting Bitcoin could reach a base case of $1.4 million by 2035, representing a potential increase of over 1,500% from current levels. The model also outlines a bear case of $637,000 and a bull case of $2.95 million, indicating significant volatility and potential for growth in the cryptocurrency market. This projection is based on Bitcoin capturing approximately 33% of gold's market capitalization, which would yield an expected annualized return of 30.1%. Such forecasts highlight the growing institutional interest in Bitcoin as a store of value, particularly as regulatory clarity improves in the U.S.
BlackRock's spot Bitcoin ETF, IBIT, has garnered approximately $25.4 billion in net inflows, ranking sixth among ETF flows for 2025 despite a negative return of roughly 9.6%. This trend indicates a shift in investor behavior, with many treating Bitcoin ETFs as long-term holdings rather than short-term trades. In contrast, traditional equity ETFs have seen substantial inflows, with Vanguard’s S&P 500 tracker attracting over $145 billion. The divergence in performance between Bitcoin ETFs and equity funds suggests a growing appetite for Bitcoin exposure among institutional investors, even amid price corrections.
Bitcoin has been trading below the $90,000 mark, with recent fluctuations indicating a struggle to maintain upward momentum. The cryptocurrency has seen a steady decline in market dominance since summer, often signaling a rotation of capital into altcoins. Additionally, Bitcoin's recent price action has led to significant liquidations, with over $500 million wiped out from leveraged long positions following a brief rally. This volatility underscores the importance of monitoring key resistance levels, particularly the $90,000 threshold, as traders assess market sentiment.
The current market environment suggests a potential rotation from Bitcoin to altcoins, with projects like XRP, Solana, and Ethereum gaining traction. This shift is particularly relevant as speculation grows around a possible crypto bull run in 2026, contingent on regulatory developments in the U.S. As institutional interest in Bitcoin remains strong, the overall sentiment in the crypto market appears cautious, with many investors waiting for clearer signals before committing further capital. The interplay between Bitcoin's price stability and altcoin performance will be crucial as we approach the end of 2025.
Coinbase is intensifying its involvement in the prediction markets sector through a partnership with Kalshi, a regulated exchange for event contracts. This move is seen as a strategic response to the anticipated impact of Trump's proposed "Big Beautiful Bill," which could potentially redirect gamblers towards prediction markets. By tapping into this emerging market, Coinbase aims to enhance its service offerings and attract a broader user base interested in speculative trading.
The collaboration with Kalshi positions Coinbase to capitalize on the growing interest in prediction markets, especially in light of regulatory changes that may encourage more users to engage in this type of trading. As the landscape evolves, Coinbase's ability to integrate these services could lead to increased user engagement and transaction volumes, further solidifying its market presence. This strategic initiative aligns with the broader trend of integrating traditional financial mechanisms into the crypto ecosystem.
Bitcoin Hyper is set to launch a full layer-two network for Bitcoin, focusing on decentralized applications and protocols, particularly in the DeFi space. The project has raised an impressive $29.6 million in its ongoing presale, indicating strong investor confidence. This layer-two solution aims to enhance Bitcoin's utility by allowing holders to leverage their assets for additional profits beyond price appreciation. The technical framework will utilize Solana’s Virtual Machine, which is expected to deliver high speed and scalability, positioning Bitcoin Hyper as a competitive L2 solution in the market.
A notable Curve DAO whale, who capitalized on the 2024 market bottom, has recently exited their position, reducing unrealized profits from $5.2 million to $400,000. This move underscores the volatility and uncertainty present in the current DeFi landscape, as significant players adjust their strategies in response to market conditions.
TRON has successfully integrated with Coinbase’s Base network, which opens up new liquidity routes and access to decentralized finance (DeFi) for TRX. This integration is expected to facilitate greater interoperability and enhance the overall utility of TRX within the DeFi ecosystem. However, despite this development, TRX's price remains range-bound, indicating that market reactions to the integration may take time to materialize.
Terraform Labs has initiated a $4 billion lawsuit against Jump Trading, alleging that the firm manipulated the Terra ecosystem and unlawfully profited from its collapse, which resulted in a $50 billion loss. The lawsuit was filed in U.S. federal court by the court-appointed administrator overseeing Terraform Labs' bankruptcy, accusing Jump Trading of market manipulation and self-dealing. This legal action follows the sentencing of Terraform's former CEO, Do Kwon, to 15 years in prison earlier this month.
The Senate's efforts to pass a comprehensive crypto market structure bill are facing significant challenges as midterm election pressures mount. Senate Banking Chair Tim Scott has postponed a committee vote until 2026, with concerns that election-year gridlock could derail bipartisan negotiations. The proposed legislation aims to establish a regulatory framework for digital assets and clarify which federal agencies oversee various crypto sectors. Additionally, the crypto industry has reportedly invested over $140 million into political action committees to support industry-friendly candidates, complicating the political landscape further.
The U.S. Securities and Exchange Commission (SEC) has proposed final consent judgments seeking to bar former FTX executives Caroline Ellison, Gary Wang, and Nishad Singh from serving in corporate leadership roles for up to ten years. This action follows their cooperation in the criminal trial against Sam Bankman-Fried. The SEC's complaints allege that these executives raised over $1.8 billion from investors through misleading claims about FTX's safety and risk controls.
Coinbase has filed federal lawsuits against the states of Connecticut, Michigan, and Illinois, arguing that these states lack the authority to regulate prediction markets that fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC). This legal action comes as Coinbase prepares to launch CFTC-regulated event contracts in January 2026, amid concerns of potential state intervention following enforcement actions against similar platforms.
The Federal Deposit Insurance Corporation (FDIC) has outlined a regulatory path for bank-issued stablecoins under the GENIUS Act. This development comes as the corporate treasury market for Bitcoin expands, with notable transactions such as Anchorage acquiring Securitize's registered investment advisor arm. The new framework aims to address the growing interest in stablecoins and their integration into the banking system.
A 23-year-old resident, Ronald Spektor, was charged with stealing $16 million in cryptocurrency from approximately 100 Coinbase users. The individual, who went by “lolimfeelingevil” online, was allegedly behind a phishing and social engineering scheme. Spektor would convince users to send cryptocurrency to accounts he controlled by pretending to be a Coinbase representative, according to prosecutors.
Two Hyundai Group buildings in Seoul, South Korea were evacuated after a caller threatened to blow up the buildings if they didn’t get 13 Bitcoin, or about $1.1 million in ransom. The caller phoned the South Korean police detailing the plot and requesting the Bitcoin ransom. Special forces searched the buildings and found no explosives.
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