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Crypto

Michigan lawmakers file 4 crypto bills on retiree funds, CBDCs, mining

by admin May 23, 2025

Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies (CBDCs) and crypto in state retirement funds.

Republican state Representative Bill Schuette introduced House Bill 4510 on May 21, which would amend Michigan’s Public Employee Retirement System Investment Act to allow the state treasurer, currently Rachael Eubanks, to invest in cryptocurrencies that have averaged a market cap above $250 million over the last calendar year.

Bitcoin (BTC) and Ether (ETH) are the only cryptocurrencies that currently meet that threshold. The bill adds that any cryptocurrencies must be held in the form of an exchange-traded product issued by a registered investment company.

A similar bill was introduced in February, permitting the state treasurer to allocate up to 10% of Michigan’s Budget Stabilization Fund into crypto.

Republican Representative Bryan Posthumus led the introduction of the second bipartisan crypto bill on May 21, HB 4511, which would prohibit Michigan from banning crypto or imposing licensing requirements on crypto holders. It would also prohibit state officials from advocating or supporting a proposed CBDC from the federal government.

The bill defines advocating or supporting a CBDC to involve issuing a memorandum or official statement endorsing a CBDC proposal related to its testing, adoption or implementation.

Source: Bitcoin Laws

Michigan to consider two crypto mining bills

HB 4512, the third crypto bill introduced by a bipartisan group led by Democratic Representative Mike McFall, would create a Bitcoin mining program allowing operators to set up at abandoned oil and gas sites.

A supervisor would be assigned to determine how much oil or gas could reasonably be expected to be produced from the site, who the last operator of the site was and how long it has been left unused.

Related: US Senate moves forward with GENIUS stablecoin bill

Those seeking to participate in the program would need to submit legal documents outlining their organizational structure, demonstrate their ability to operate as a Bitcoin mining entity and provide estimates of the breakeven price for a profitable venture.

The fourth bill, HB 4513 — also filed by a McFall-led bipartisan group — would amend Michigan’s income tax laws to include income obtained from the proposed Bitcoin mining program.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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May 23, 2025 0 comments

GameFi Guides

Democrats propose crypto ban for politicians, protest outside Trump’s memecoin gala

by admin May 23, 2025

Just hours before President Donald Trump’s high-profile gala for holders of his memecoin, Democratic lawmakers moved to curb what they call rising “crypto corruption” in Washington.

Led by Rep. Maxine Waters, 15 House Democrats introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025.”

The bill would prohibit the president, vice president, members of Congress, and their immediate families from owning, promoting, or profiting from digital assets while in office.

Lawmakers would also be barred from holding crypto assets in ways that allow them to exert unilateral control over the tokens.

“Trump’s crypto con is not just a scam to target investors,” Waters said in a statement. “It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.”

The legislation arrives amid a wave of criticism surrounding Trump’s deepening ties to crypto. The president and his wife, Melania, recently launched personal memecoins.

Trump’s family has also backed a stablecoin through the crypto firm World Liberty Financial, and his sons are linked to a Bitcoin mining venture.

Blockchain records indicate that Justin Sun, founder of Tron and a Chinese national, is one of the largest holders of TRUMP (TRUMP) — the memecoin that serves as a ticket to Thursday night’s dinner.

Protests outside the gala

The exclusive gala, hosted at Trump’s golf club in Virginia, invites the top 220 $TRUMP holders — some of whom spent between $55,000 and nearly $38 million in tokens to secure an invitation.

Critics, including Sen. Richard Blumenthal, accuse Trump of “auctioning” access to the White House and potentially violating the Constitution’s ban on foreign gifts.

Protests are happening outside the event. Senators Chris Murphy, Elizabeth Warren, and Jeff Merkley, along with Rep. Sam Liccardo and advocacy groups, are calling out Donald Trump’s upcoming “meme coin” fundraising dinner as a threat to national security and a potential corruption risk, according to a note shared with crypto.news.

At a press conference today, the group demanded the release of attendee names and any promised favors. Murphy also promoted his recently introduced MEME Act, aimed at curbing digital asset profiteering by public officials.

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May 23, 2025 0 comments

Crypto Trends

CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits

by admin May 22, 2025

In brief

CFTC Commissioner Summer Mersinger said Thursday crypto perpetual futures could come to market in the U.S. “very soon.”
The approval of those derivatives contracts comes as several commissioners are preparing to leave the federal agency.
Perpetual markets generally boast greater trading volume than their spot counterparts.

Outgoing CFTC Commissioner Summer Mersinger signaled Thursday that the Commission could “very soon” greenlight crypto perpetual futures products in the U.S., despite leadership shakeups at the federal agency that risk diminishing its enforcement powers.

“I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger told Bloomberg TV in an interview Thursday.

The products “will be really beneficial to the [crypto] industry broadly and to our economy here in the United States,” she added.

Perpetual futures are financial contracts in which traders speculate on the underlying value of an asset such as Bitcoin or XRP. The offerings’ proponents argue that the availability of 24/7 leveraged trading stateside could significantly bolster participation and inject more liquidity in the U.S. market. However, critics argue perpetual futures pose significant risks to investors.

Commissioner Mersinger’s comments on the likelihood of crypto perpetuals futures’ debut in the U.S. come ahead of her departure from the agency to lead the crypto lobbying group, the Blockchain Association.

She’s one of four commissioners that have signaled their intentions to depart the CFTC, as Republican Caroline Pham and Democrats Christy Goldsmith Romero and Kristin Johnson will also soon step down from their posts.

The Commission is poised to continue its work under the Trump-appointed Brian Quintenz, a pro-crypto regulator who is awaiting confirmation from the Senate. But with fewer regulators in its ranks, the federal agency may struggle to perform its duties in a timely manner, stymieing any pro-digital asset regulations reforms.

Quintenz may well be the only commissioner left, depending on when the others make their departures, at least until additional commissioners are confirmed by the Senate.

“The reduced number of commissioners could delay enforcement actions, rulemaking activity, and coordination with other financial regulators, increasing pressure on the Senate to expedite the confirmation process,” several partners of Paul Hastings, a U.S.-based law firm, said in a blog post on Thursday.

Edited by James Rubin

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May 22, 2025 0 comments

NFT Gaming

‘Orgy of Corruption’: Senators Slam Trump Crypto Dinner, Demand Info on Attendees

by admin May 22, 2025

Congressional Democrats unloaded on President Donald Trump’s plans to dine with top holders of his meme coin this evening, demanding answers about who will be in attendance, and framing the event as an unprecedented assault on longstanding disclosure norms associated with the U.S. presidency.

“Donald Trump’s dinner is an orgy of corruption,” Sen. Elizabeth Warren (D-MA) said during a press conference Thursday. “The American people have no idea who is buying access to the president, and no idea what they are getting in return.”

The top 220 holders of Trump’s meme coin have been invited to dine with him this evening at his Washington-area golf club. The top 25 holders, who have in some cases spent tens of millions of dollars purchasing the president’s token, will have the opportunity to speak with the president during an even more intimate VIP reception.

The event will be closed to the press, and the White House has previously declined to answer questions about it, stating that it pertains to President Trump’s personal life and not his official role as president. Trump and his business partners have also thus far refrained from releasing information about who will be dining with the president tonight, or what will be discussed.

One confirmed attendee of the event is Chinese-born crypto billionaire Justin Sun, who was under investigation by the Department of Justice for suspected financial crimes and was sued by the SEC in 2023 for alleged fraud and market manipulation. In February, the SEC moved to pause its litigation against Sun and work towards “a potential resolution” in the case.

“It provides cover for the most corrupt, for the most compromised, for the worst of the worst, to channel money to Donald Trump in order to get their private audience with him—in order to plead their case for favorable treatment from the federal government, or for investment from the U.S. taxpayer,” Sen. Chris Murphy (D-CT) said of tonight’s dinner.

At today’s press conference, Democrats urged the president to, at the very least, disclose the identities of the meme coin investors he will dine with tonight. A large sign in front of the podium during this afternoon’s press conference read: “Release the Guest List.”

“Let the American people know who has bought access to the president,” Murphy said. “If you think that this is all above board, then what are you hiding?”

Decrypt reached out to the White House asking whether the president plans to release a guest list for tonight’s dinner at some point, but we did not immediately receive a response.

Other senators, including Jeff Merkley (D-OR) and Richard Blumenthal (D-CT), underscored the risk of a sitting U.S. president exposing himself to financial influence from foreign actors. Most of the Trump token’s top investors are customers of foreign crypto exchanges barred from serving U.S. customers.

“It’s not just about corruption,” Blumenthal said. “It is about corruption that endangers our national security by putting the president in a compromised position in relation to foreign powers.”

Numerous Democratic senators also took the opportunity this afternoon to tie the president’s alleged crypto conflicts of interest to digital assets legislation pending before Congress. Several lawmakers directly referenced the GENIUS Act, the stablecoin bill currently under active consideration in the Senate that was nearly derailed earlier this month over outrage in the Democratic Party over Trump’s various crypto ventures.

Democratic senators, including Murphy, Warren, and Blumenthal, insisted that an amendment be added to the GENIUS Act prohibiting the president from issuing and profiting off his own stablecoin while in office. Trump’s DeFi venture, World Liberty Financial, issued its own stablecoin in March. Democrats should reject the bill if it ends up lacking that amendment, they said.

“Without this fix, we’re not regulating stablecoins,” Warren said. “We are turbocharging the same corruption that we are witnessing tonight as Donald Trump opens the White House doors and sells favors to his wealthy crypto allies.”

Opposition to Trump’s crypto ventures is quickly crystallizing into one of Democrats’ most salient critiques against the president’s second term. Earlier today, House Democrats introduced a bill that would restrict the president and his immediate family from engaging in crypto-related business dealings while he serves in office.

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May 22, 2025 0 comments

Crypto Trends

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

by admin May 22, 2025

As spot bitcoin

exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are able to gain exposure to digital assets through their individual retirement accounts (IRAs).

IRAs offer tax advantages and a range of investment options, including stocks, real estate, commodities and, increasingly, cryptocurrencies. But when it comes to crypto, there’s usually only one investment strategy available: to buy and hold.

It’s a strategy that might work well for assets like the S&P 500, which have long track records of steadily appreciating over longer time frames, but bitcoin is still an extremely volatile asset and other coins even more so.

The idea behind BlockTrust IRA, then, is simple: to manage the crypto positions of its customers in order to take advantage of that volatility and maximize their returns.

“We’re the only company that has an AI tool meshed with traders that put people automatically in cash [when need be]. Then we wait for the right signals, and we buy back in,” Jonathan Rose, the firm’s CEO, told CoinDesk in an interview.

“Where people are scared of volatility and scared of risk, we actually want the volatility and the risk associated with that, because that’s how we actually make our clients money,” Rose said. “We are right a lot more than we are wrong, and that’s how we’re able to beat the benchmark.”

BlockTrust’s secret sauce? Animus Technologies, a fund that provides intelligent asset management solutions for crypto. Animus has servers around the world and quantifies humongous amounts of data — to the point that a European government body has reached out to inquire what exactly they’re quantifying data for, according to Rose.

Animus typically only shares its signals with high net-worth individuals and fund clients, Rose said. In other words, crypto retail participants may now benefit, through their BlockTrust accounts, from the kind of trading mechanisms that previously were only available to quant funds.

The sophisticated strategies are currently only available for bitcoin

and ether , but BlockTrust offers exposure to 60 different cryptocurrencies, Rose said. Users of the platform can invest as little as $1,000 for non-managed accounts, or $25,000 if they want a managed account — and trading fees can go as low as 0.4% for the former and 0.14% for the latter.

BlockTrust IRA went live officially in February. In March, the firm had accrued $10 million in assets, and Rose expects it to bring in roughly $100 million before the end of the year.

The company’s early success may also be due to the fact that it’s not just open to U.S. residents, but to people all around the world, as long as they can pass its Know-Your-Customer (KYC) checks. Americans do have the added advantage of being able to use their tax-deferred retirement savings to gain exposure.

Crypto markets are ever changing, and trading strategies that function perfectly for a long time may suddenly become outdated due to shifts in the economic environment or crypto-intrinsic changes — potentially threatening to render Animus’ approach obsolete someday. But Rose isn’t concerned.

“When [the people at] Animus Technologies go to these hedge fund conferences and speak, they always come back with a big grin on their faces, because they’re like, ‘We are so light-years ahead of anyone remotely doing what we’re doing,’” Rose said. “It’s going to take like four to six years for people to even kind of catch up to us.”

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May 22, 2025 0 comments

GameFi Guides

$670M in Bitcoin Moved to Major U.S. Crypto Exchange In Mere Hours

by admin May 22, 2025

On May 22, leading U.S.-based crypto exchange Coinbase received large transfers involving a total of 6,016 BTC from multiple unknown whales, according to recent data from on-chain tracking platform Whale Alert.

According to the data source, the massive Bitcoin transfers, worth more than $670 million, were executed consecutively in 13 separate, identical transactions.

The 13 transactions saw transfers made in identical amounts, with different unknown wallets sending 463 BTC to Coinbase 11 times. The remaining two transfers involved 462 BTC and 461 BTC, bringing the total Bitcoin inflow to 6,016 BTC in just a few hours.

Although the tracker could not identify the sender’s address, it revealed that the transactions were made from separate unknown accounts.

Whales dump on Bitcoin Pizza Day?

With the large BTC transfers coming during a major Bitcoin bull run that saw the leading cryptocurrency set new records and hit a new all-time high, the move has sparked discussions among the crypto community.

The timing has caught the attention of market participants as it coincides with the legendary Bitcoin Pizza Day, causing enthusiasts to speculate about the motive behind the transfer.

While the transfers were consistent in size and happened in rapid sequence, there are suggestions that it might be a coordinated activity from a single institution attempting to dump its Bitcoin stash.

Crypto Is Still Early, Binance’s CZ Says

by admin May 22, 2025

What CZ got wrong
Crypto as the currency for AI

Changpeng Zhao, former chief executive officer at cryptocurrency exchange Binance, has opined that crypto is still early during a recent conversation with Real Vision founder Raoul Pal.

During his interview, he opined that nation-level Bitcoin adoption is only starting to kick off since only a handful of countries are talking to him.

So far, the rally has been driven primarily by exchange-traded funds, according to Zhao.

“It’s very hard to time the market. So far, the markets go on four-year cycles. Uh, but it’s very hard to tell, like, know if this one is going to be short—shorter or longer,” he noted.

What CZ got wrong

Notably, Binance did not expect to experience such tremendous growth within such a short period of time, but CZ has noted that the industry changes quickly.

“We got a lot of things wrong… We didn’t expect the growth we had,” he said.

CZ has admitted that he did not expect stablecoins and meme cryptocurrencies to become that big.

The former Binance boss is certain that blockchain and AI are easy to predict in the long term.

“I don’t predict industries, but the long term is easy to predict. Blockchain is going to be really really important. AI is going to be really really important,” he said.

Crypto as the currency for AI

During the interview, CZ also predicted that AI would be able to generate 10 times more tokens than humans.

“AI needs a lot of data to train… that data should be captured on the blockchain in a privacy-preserving way,” he said.

CZ has noted that AI will be transacting with other AIs, and the only way to make that payment is crypto.

“We may not be the profit drivers anymore. Economic engines will come from the AIs,” he said.

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May 22, 2025 0 comments

NFT Gaming

Glider is Creating a ‘New Paradigm’ for Automated Crypto Portfolio Management

by admin May 22, 2025

In brief

Glider is an automated, non-custodial crypto portfolio management platform.
The project is the winner of the Start the Block competition at Paris Blockchain Week, judged by high-frequency trading firm Auros.
Co-Founder Brian Huang told Decrypt that the goal is to lower the barrier to entry for crypto to the point where mainstream users can access sophisticated DeFi portfolios.

Managing a crypto portfolio is a complicated business—unnecessarily so, according to Glider Co-Founder Brian Huang.

“We need to get to a point where we can say, ‘Hey, Mom, do you want to participate in this?’” he told Decrypt. “We spend a lot of time on this at Glider: how can we make the barrier to entry so low that anybody could do it?”

Glider is designed to enable users to “come to the platform with any trading idea,” Huang said, “and what we do is we automate that whole process for you. So you come in, you say what you want to do—you could even type it into our natural language text box—and we convert that into a portfolio that’s fully non-custodial.”

That last point is important, Huang said. “We are not building a tokenized ETF issuer, or anything like that. Crypto is all about owning your assets, so when you use Glider, you actually create these portfolios.” Users have full control over their assets, meaning they can use them “in any way that you would typically use your assets in crypto,” including lending, staking and governance. “I think this is truly the new paradigm of how people should interact with their assets on-chain,” Huang added.

The platform is focused on abstracting away the complexities of crypto, the founder told Decrypt. “Things like gas or signing or bridging,” said Huang, are “things that the vast majority of the world should never, ever have to think about when it comes to crypto portfolios or managing their assets. When you think about your traditional finance structure, you’re not thinking about the custodian that is holding your stock certificates.”

Glider won the Start in Block competition at Paris Blockchain Week, presided over by a grand jury including high frequency trading firm Auros. “We awarded the highest number of points that we could to Glider,” Jason Atkins, Chief Commercial Officer at Auros, told Decrypt. He explained that, “what they’ve built and what they’re designing is very close to our hearts,” as a firm focused on algorithmic trading, portfolio structure and optimizing returns. “As a judge on that panel, that sung out to me.”

Last week at Paris Blockchain Week, we shared the Glider vision.

A calmer, automated future for DeFi.

It earned us the winning spot at StartinBlock

But more than that, it resonated with a room full of people who believe in building better.

Watch @BrianInCrypto’s 3-minute… pic.twitter.com/77NpTWTzAL

— Glider (@glider_fi) April 23, 2025

Auros was won over by Glider’s platform, which functions as an “access point” for retail to deploy “similar sorts of strategies that we would implement ourselves.” Its product-market fit and “product first” approach also impressed, said Atkins. “I think that’s something that really needs to be reiterated again and again in our space: product first, before token.”

Auros sees Glider as part of the next wave of DeFi innovation, emphasizing the importance of reducing onboarding friction to attract new users, Atkins said—a perspective shaped by the firm’s extensive involvement in the crypto ecosystem. “Our ventures team has already spoken to Brian,” he noted, adding that Auros is “standing by ready to help with advice and act as a sounding board where possible as well.”

As well as receiving advice and mentorship from Auros as it builds out that product, Glider has also completed a $4 million funding round led by a16z CSX, with participation from Coinbase, Uniswap, GSR, and others.

Glider just raised $4M to reimagine the future of crypto investing 🦇♾️

Led by @a16zcrypto CSX, with support from @cbventures, @Uniswap, @GSR_io, @moonpay, @SeliniCapital, @genventurecap, @pivotglobal_xyz, First Commit @hardi_meybaum, and @anagramxyz. pic.twitter.com/HORzFPaIh2

— Glider (@glider_fi) April 16, 2025

That will go towards scaling the startup’s team and “trying to find natural, organic growth,” said Huang, as it builds on its mission to “democratize access to sophisticated crypto portfolio management for everyone.”

Decentralized finance is “really only built for the true crypto natives at this point in time,” Huang said. “Crypto should really be for everyone, and we’re building what we think is the platform for programmable finance.”

Learn more and join the waitlist at glider.fi, and follow Glider on X at @glider_fi.

To explore Auros’ work in DeFi and algorithmic trading, visit auros.global or follow them on X at @AurosGlobal.

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May 22, 2025 0 comments

GameFi Guides

Crypto Trader Dumps XRP Holdings For Ethereum, Explains Why

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A prominent crypto trader on the X (formerly Twitter) platform has made waves on social media after revealing that he sold off all of his XRP holdings in order to buy Ethereum. The trader who is known as Doctor Profit on social media revealed this to his over 400,000 followers on the platform, along with reasons why he made this move and what he expects going forward.

Dump XRP For 600% Gains To Buy Ethereum

Doctor Profit had first revealed on May 19 his intent to begin selling his XRP stash. In this initial post, he revealed that all of his XRP was bought at very low prices between $0.2 and $0.5, putting his entry very low. At the current price at the time, the crypto trader was sitting on a profit of approximately 608% at this point.

This was when he told his followers that he intended to start selling his XRP investments after holding onto them for three years. He further explained that he was only selling XRP and no other cryptocurrencies or even Bitcoin. Rather, he was selling to be able to buy more later at a much cheaper price.

Then in a follow-up post on May 20, Doctor Profit finally revealed his full plan when it comes to selling XRP. Apparently, the crypto trader had decided to dump all of his XRP in order to buy Ethereum, a move which he referred to as “a matter of capital appreciation.” The reason for this is because Doctor Profit believes that the Ethereum price could see a major increase in the near term.

As for XRP, he explained that selling his stash did not mean that he expected the XRP price to crash. Rather, it was because holding XRP didn’t make sense in the short term and was a more long-term investment. Thus, he plans to take the gains made from the Ethereum investment and then reinvest them at a later date when a good entry is presented. But for now, Doctor Profit confirmed that all of the profits made from his XRP investment in the last three years have now been moved into Ethereum.

Bullish Outlook For The Market Remains

Back during the decline that plagued the crypto market from January to March 2025, Doctor Profit was one of the analysts who called the price bottom when Bitcoin had dropped to $77,000. From there, the analyst had called that Bitcoin would rebound back above $100,000, maintaining that a new all-time high is possible. So far, his $100,000 prediction has come to pass, and the all-time high forecast was completed after Bitcoin breached $109,300 on Wednesday.

For Ethereum, the analyst’s bullish thesis has been around for a while. He has previously called Ethereum the best opportunity as its technical, on-chain, and psychological indicators have turned bullish. He believes that the Ethereum price can rise as high as $7,600, with a lot of liquidity pooling around $4,000.

ETH bulls push above $2,600 | Source: ETHUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

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May 22, 2025 0 comments

Crypto Trends

‘You don’t own enough crypto, NFTs’

by admin May 22, 2025

Cryptocurrencies and non-fungible tokens (NFTs) can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders.

Investing in digital assets is becoming increasingly important in the “world of the exponential age and currency debasement,” according to Raoul Pal, founder and CEO of Global Macro Investor.

“You don’t own enough crypto. When you do, you don’t own enough NFT’s, as art is upstream of wealth. Both will never be this cheap again,” Pal said.

NFTs are “the single best long term store of wealth I know and you get to buy it before network effects kick in,” he added in another response.

Source: Raoul Pal

“There is some validity to the statement that NFTs, and in extension art, become a vehicle for the wealthy once a certain level of wealth is reached,” wrote Nicolai Sondergaard, research analyst at Nansen, calling it a “natural move” for asset diversification.

“For traders and investors, further down the wealth curve, NFTs are partially about speculating on future returns,” he told Cointelegraph, adding that NFTs also benefit from the allure of strong communities, beyond just wealth creation.

Related: German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

Art NFTs may see a resurgence as “digital ownership gains acceptance among younger, tech-savvy cohorts,” if collections manage to move past the “speculative fervor,” according to Anndy Lian, author and intergovernmental blockchain expert.

Still, Lian said broader adoption depends on blockchain networks improving scalability and security to “instill confidence.” He added that art NFTs “must transcend hype, anchoring value in cultural significance or utility.”

Beeple’s “Everydays: The First 5000 Days.” Source: Christies

Some digital artists made millions of dollars through NFTs. Digital artist Mike Winkelmann, also known as Beeple, auctioned his “Everydays: The First 5000 Days,” NFT artwork for a record-breaking $69 million in March 2021.

Meanwhile, the largest NFT collections continue to lack upside momentum, unable to recover toward their 2021 highs.

CryptoPunks floor price, all-time chart. Source: NFTpricefloor

CryptoPunks, the largest NFT collection by market capitalization, is currently trading at a floor price of 46 Ether (ETH), 59% down from its peak of 113.9 ETH, recorded on Oct. 9, 2021, NFTpricefloor data shows.

Related: GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption

NFT market set for recovery in early 2026, after Bitcoin cycle top

Despite the temporary lack of interest, NFTs could be poised to see more momentum after the profits from Bitcoin’s (BTC) cycle top start rotating into other digital assets.

“That likely puts the peak of the NFT market in Q1 2026, but don’t expect a repeat of the 21/22 euphoria that we saw in NFTs,” according to Yehudah Petscher, strategist at CryptoSlam NFT data platform and SlamAI.

“We’re likely an entire cycle away from NFTs having a parabolic run,” Petscher told Cointelegraph, adding:

“There is a perfect storm brewing for 2030: BTC at $1 million, a matured metaverse, AI reshaping labor economics (whether through universal basic income or universal high income, falling production costs, etc), AR/VR adoption, and NFT ownership equaling ownership of a brand.”

However, the previous NFT bull market was driven largely by metaverse speculation and wealthy traders, Petscher noted — factors that are mostly absent in the current cycle.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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May 22, 2025 0 comments