Think youāre a Bitcoin maxi? Youāve got nothing on cypherpunk pioneer Adam Back, who told Decrypt that despite BTC hovering near an all-time high above $100,000, itās still under-priced.
In fact, Back argued, over the course of its current cycle, he expects Bitcoin to hit between $500,000 and $1 million a coin. āThere doesn't seem to be a clear logical reason to me for why we are only at $100,000,ā he said.
In the meantime, Bitcoin still has some way to go, with its price dipping Thursday on weaker than expected U.S. wholesale prices.
Bitcoin Price Is Too Low, Should Hit $500K-$1M This Cycle: Adam Back
Blockstream co-founder and CEO Adam Back has said that he thinks Bitcoin could soon surge to $500,000 to $1 million per coin.
Coinbase Turns Tables on Would-Be Extortionists, Offers $20M Bounty for Information
The attackers sent a ransom note demanding $20 million in Bitcoin, threatening to publish stolen customer data if Coinbase didnāt pay.
Telegram Pulls Plug on Haowang Guarantee Crypto Crime Syndicate
Telegram banned thousands of accounts linked to the black market, formerly Huione Guaranteeābut spin-offs are already filling the void.
Ethereum Foundation Launches 'Trillion Dollar Security Initiative' to Fortify Network
The Ethereum Foundation has launched a three-phase initiative to strengthen network security and support broader onchain adoption.
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Fear and Greed Index at 69 or higher on May 16?
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From our partner
DeFi is heating up on Flare! In the space of two weeks, stablecoin TVL has surged from $5M to over $110M, while total DeFi TVL has doubled to $140M. The key catalyst? USDā®0 is now live on Flare ā the omnichain version of Tether's USDT, backed 1:1 and built for seamless cross-chain movement.
With Kraken now supporting USDā®0, users can easily on-ramp, off-ramp, and earn top-tier APY on Flare.
āInstead of paying this $20 million ransom, we're turning it around. And we're putting out a $20 million award for any information leading to the arrest and conviction of these attackers.ā
š¤ EMERGE: Whatās Up Grok? AI Under Fire for Injecting āWhite Genocideā Claims Into Unrelated Replies
Elon Muskās AI chatbot Grok is inserting off-topic āwhite genocideā claims into user queries, sparking backlash among users.
šļø SCENE: British Museum Puts Sculptures of DĆ¼rer's 'Rhinoceros' on Bitcoin Blockchain
Asprey Studioās 11 sterling silver sculptures based on Albrecht DĆ¼rerās 1515 print will be paired with Ordinals inscriptions.
From our partner
Join Otherlife, Rug Radio and Delorean Labs to celebrate the last day of Consensus Toronto 2025 at the official Closing Party. Taking place Friday, May 16 at the iconic Steam Whistle Brewery, the event is just a 5-minute walk from the convention center, with a private indoor space and patio overlooking the CN Tower.
Enjoy DJs, food and an open bar while connecting with some of the greatest minds in the blockchain, Web3, and AI space.
āāāāš Location:
āSteam Whistle Brewery – Pilsner Hall @ 255 Bremner Blvd Bay 6, Toronto, ON M5V 3M9 2:00 PM – 8:00 PM
UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives.
šļø LEARN: What Is a Multi-Sig Wallet? A Beginnerās Guide
Multi-signature wallets boost security for crypto treasuries by requiring several parties to approve a transaction instead of just one.
