Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

Investment firms with Bitcoin-focused treasuries are front-running global Bitcoin adoption, which may see the world’s first cryptocurrency soar to a $200 trillion market capitalization in the coming decade.

Institutions and governments worldwide are starting to recognize the unique monetary properties of Bitcoin (BTC), according to Adam Back, co-founder and CEO of Blockstream and the inventor of Hashcash.

“$MSTR and other treasury companies are an arbitrage of the dislocation between the bitcoin future and todays fiat world,” Back wrote in an April 26 X post.

“A sustainable and scalable $100-$200 trillion trade front-running hyperbitcoinization. scalable enough for most big listed companies to move to btc treasury,” he added.

Hyperbitcoinization refers to the theoretical future where Bitcoin soars to become the largest global currency, replacing fiat money due to its inflationary economics and growing distrust in the legacy financial system.

Source: <a data-ct-non-breakable="null" href="https://x.com/adam3us/status/1916160776571650136" rel="nofollow noopener" target="_blank"

Read More at https://cointelegraph.com/news/bitcoin-treasury-firms-front-running-200-t-hyperbitcoinization-adam-back?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoiner TJ Miller says ‘50-hour’ rule is why celebs stay off orange pill

Comedian and actor TJ Miller says it only takes a little over two full days to get the average person up to speed on Bitcoin. However, when asked why more celebrities aren’t Bitcoiners, he says most people simply refuse to ever sit down and study again.

“It is really hard to get people to study after they graduate, from any level,” Miller told Natalie Brunell on the April 23 episode of Coin Stories. Miller claimed it takes “about 50 hours of study” to understand Bitcoin (BTC).

Hollywood rewards those who “do not think differently”

“So to say to somebody it is going to take 50 hours for you to understand this, they are like, ah, I don’t want to,” he said. “They can’t even watch a Netflix series; they can’t even watch White Lotus because it takes seven hours,” he said.

Comedian and actor

Read More at https://cointelegraph.com/news/bitcoiner-tj-miller-why-more-hollywood-celebrities-not-bitcoiners?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week

Key takeaways:

Data suggests that Bitcoin currently trades at a 40% discount.

Over 36,000 Bitcoin were withdrawn from Coinbase and Binance on April 25.

Bitcoin’s fractal pattern from Q4 2024 could propel prices above $100,000 in April.

Bitcoin (BTC) is currently trading at a 40% discount to its intrinsic value, according to Capriole Investments founder Charles Edwards.

In a recent post on X, Edwards highlighted that since the April 2024 halving, which reduced block rewards to 3.125 BTC, Bitcoin’s energy value—an estimate based on mining costs and energy consumption—stands at $130,000.

Bitcoin’s intrinsic value based on energy consumption, and market price. Source: X.com

Recent data from CryptoQuant indicated that over 8,756 BTC ($830 million) were withdrawn from Coinbase on April 24. Negative netflows from Coinbase could point toward institutional buying, or ETF-related purchases reflecting underlying

Read More at https://cointelegraph.com/news/bitcoin-trades-at-40-discount-as-spot-btc-etf-buying-soars-to-3-b-in-one-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin ‘power law’ model forecasts $200K BTC price in 2025

Key takeaways:

Based on power curve trends, Bitcoin may hit $200,000 in Q4 2025.

Bitcoin follows gold’s price trend with a 100-150 day lag.

Bitcoin’s (BTC) price has rallied 11% this week, its best weekly return in 2025 and its highest seven-day growth since early November 2024. Bitcoin also reached $95,000 on April 25 for the first time since Feb. 24. 

Bitcoin 1-week chart. Source: Cointelegraph/TradingView

21st Capital co-founder Sina mentioned that Bitcoin reclaimed the power-law price. The power law’s predictive accuracy stems from Bitcoin’s network growth following Metcalfe’s Law, where value scales with the square of users. 

Based on Sina’s Bitcoin Quantile Model, reclaiming the power-law price keeps BTC on track to hit a price target of $130,000 and $163,000 before the end of 2025. 

Bitcoin Quantile Model by Sina. Source: X.com

As illustrated in the chart, Bitcoin is currently in

Read More at https://cointelegraph.com/news/bitcoin-power-law-model-forecasts-200-k-btc-price-in-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US crypto rules like 'floor is lava' game without lights — Hester Peirce

SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.

“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.

The lava is crypto, says Peirce

Peirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava. “A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.

Peirce said that, much

Read More at https://cointelegraph.com/news/united-states-crypto-custody-regulations-floor-lava-hester-peirce-sec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Solana's Loopscale pauses lending after $5.8M hack

Update (April 26 at 8:57 PM UTC): This article has been updated to include updates from Loopscale.

Solana decentralized finance (DeFi) protocol Loopscale temporarily halted its lending markets after suffering an approximately $5.8 million exploit. 

On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the lending protocol after taking out a “series of undercollateralized loans”, Loopscale co-founder Mary Gooneratne said in an X post. 

Loopscale has since “re-enabled loan repayments, top-ups, and loop closing”, but “[a]ll other app functions (including Vault withdrawals) are still temporarily restricted while we investigate and ensure mitigation of this exploit,” Loopscale said in an April 26 X post.

The exploit only impacted Loopscale’s USDC and SOL vaults and the losses represent around 12% of Loopscale’s total value locked (TVL), Gooneratne added. 

“Our

Read More at https://cointelegraph.com/news/solana-s-loop-scale-halts-lending-after-5-8-m-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US Senator calls for Trump impeachment, cites memecoin dinner

United States Senator Jon Ossoff expressed support for impeaching US President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders. 

“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” said Ossoff, a Democrat, according to a report by NBC News. 

“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense.”

Senator Ossoff said he “strongly” supports impeachment proceedings during a town hall in the state of Georgia, where he is running for reelection to the Senate.

The Senator added that an impeachment is unlikely unless the Democratic Party gains control of Congress during the US midterm elections in 2026. Trump’s own Republican Party

Read More at https://cointelegraph.com/news/us-senator-calls-for-trump-impeachment-cites-memecoin-dinner?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Countries must add DePIN tokens to their digital asset stockpiles

Opinion by: Raullen Chai, co-founder and CEO of IoTeX

The United States and other superpowers are on the brink of a financial evolution. With President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve (SBR) and a US Digital Asset Stockpile (DAS), the conversation around digital assets in government reserves is gaining momentum.

Countries like Czechia have also followed suit with their sovereign digital asset reserve plans. While Bitcoin (BTC) and select altcoins are being considered, the discussion remains incomplete without including decentralized physical infrastructure network (DePIN) tokens.

DePIN represents a new paradigm in infrastructure development, where communities, not corporations, build and operate essential networks like telecommunications that self-govern and distribute rewards to their individual contributors. 

If it were to include DePIN tokens in its DAS, the US could use blockchain technology to create a self-sustaining infrastructure

Read More at https://cointelegraph.com/news/countries-must-add-de-pin-tokens?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Crypto sentiment recovers, but weekend liquidity risks remain

Crypto investor sentiment has seen a significant recovery from global tariff concerns, but analysts warn that the market’s structural weaknesses may still result in downside momentum during periods of weekend illiquidity.

Risk appetite appeared to return among crypto investors this week after US President Donald Trump adopted a softer tone, saying that import tariffs on Chinese goods may “come down substantially.”

However, the improved investor sentiment “does not guarantee that Bitcoin will avoid volatility over the weekend,” analysts from Bitfinex exchange told Cointelegraph:

“Sentiment improvements reduce fragility, but they do not eliminate structural risks like thin weekend liquidity.” 

“Historically, weekends remain vulnerable to sharp moves — especially when open interest is high and market depth is low,” the analysts said, adding that unexpected macroeconomic news can still increase volatility during low liquidity periods.

Related: Trump fought the bond market,

Read More at https://cointelegraph.com/news/crypto-market-structural-weekend-risks-tariff-calm?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

DeFi Development seeks $1B to boost Solana investments, expand treasury

DeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry’s sixth-largest cryptocurrency by market capitalization.

The Nasdaq-listed firm, previously a real estate financing platform connecting commercial property lenders and buyers, announced its plans in a Form S-3 registration statement filed with the US Securities and Exchange Commission (SEC) on April 25.

The filing states that the funds will be used for general corporate purposes, including Solana (SOL) token acquisitions.

DeFi Development Corp S-3 filing. Source: SEC

According to the filing, the company may use proceeds from the offering to purchase more Solana, noting:

“Solana does not pay interest, but staking rewards can be earned on Solana. The ability to generate a return on investment from the net proceeds from this offering will depend on whether there is appreciation in the value of Solana following

Read More at https://cointelegraph.com/news/defi-development-offer-1-b-securities-solana-acquisition?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound