AltSignals Blog

The Swiss National Bank’s Chairman, Martin Schlegel, rejects calls to add Bitcoin to the bank’s reserves amidst increasing macroeconomic turmoil. This decision comes in response to the local crypto industry’s pressure, with crypto brokers arguing that holding Bitcoin makes more sense as global dynamics shift. Despite the ongoing campaign to constitutionally mandate the bank to hold Bitcoin, Schlegel cites concerns such as lack of stability, liquidity issues, and security risks as reasons for not adopting the cryptocurrency.

Bitcoin trading hits recent high, currently near $95,000. An upbeat week for stocks has raised investors’ risk appetite. ARK Invest expects Bitcoin to rise to around $300,000 to $1.5 million by 2030. Crypto stocks are also on the rise, with MSTR and COIN leading gains. The week also saw eased regulatory burdens for banks with crypto offerings.

MagicBlock, a tech firm developing real-time applications on Solana, recently raised $7.5 million in a seed funding round. This follows a $3 million pre-seed round, taking their total to $10.5 million. The firm plans to use the capital to expand its engineering team and infrastructure. MagicBlock’s Ephemeral Rollups technology offers apps fast speeds and flexibility without leaving Solana. The startup works with various projects to enable real-time trading, gaming, and communication directly on Solana.

Japanese investment giant SoftBank announces its support for a new bitcoin investment venture, Twenty One Capital, alongside well-known crypto stakeholders Tether, Bitfinex, and Cantor Fitzgerald. The investment represents SoftBank’s renewed interest in the crypto sector and is seen as a positive sign of increased institutional crypto adoption. However, the past experiences of SoftBank’s founder, Masayoshi Son, who incurred substantial losses in a previous bitcoin investment, raise questions about the potential success of this new venture.

Polygon Labs CEO, Marc Boiron, calls for a shift in decentralized finance (DeFi) practices, suggesting sustainable treasury management, owned liquidity and transparent models as solutions to the ongoing liquidity crisis. He urges protocols to prioritize economic sustainability over quick returns, predicting a more stable DeFi environment with institutional involvement by 2023. Find out more about Polygon’s approach to sustainable DeFi and its potential impact on the ecosystem.

Pi Coin faces downward trends with investors shifting to Yeti Ouro, a prominent rising contender showing strong presale returns and a promising gaming platform. Yeti Ouro’s offering, Yeti Go, is a game-changing PVP game rewarding winners with YETIO tokens, creating buzzing conversations across social media platforms as it enters stage 4 of its presale.

Digital bank Revolut records a colossal profit of over £1 billion in 2024, majorly fueled by the surge in cryptocurrency trading. The fintech firm’s wealth revenue, which includes crypto, commodities, and savings products, noted an impressive 298% increase. With a customer base exceeding 50 million for the first time in 2024, and Bitcoin’s remarkable 120% price hike, Revolut has typified the lucrative potential of the crypto boom.

Tether Investments acquires additional shares in Juventus Football Club, further solidifying its position as a significant shareholder. The move represents more than just a financial venture, extending to long-term collaboration and innovation. The increased stake in Juventus forms part of Tether’s strategy to prove its value beyond the stablecoin market and marks an effort to return to the European market following recent compliance issues. The article also mentions other significant Tether investments, including Bitcoin mining and purchases totaling 8,888 Bitcoin in Q1 2025.

Bitcoin’s value took a significant leap, nearing the $100,000 mark after a 4-month falling wedge. The article discusses potential market impact and key price levels, examining the possibility of a rise to $107,000 and support levels at $85,000 and $76,000. It also touches on global economic factors impacting Bitcoin’s performance.