<a href="https://www.benzinga.com/money/best-crypto-meme-coins">Meme coins like</a> Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are no longer just speculative internet jokes, they&#8217;re acting as powerful entry points into the broader cryptocurrency economy, according to a new report.



A survey published by Gemini on Tuesday <a href="https://www.gemini.com/state-of-crypto-2025">reveals</a> that a significant share of crypto adopters first engaged with digital assets through meme coins before branching out into other areas like NFTs, DeFi and stablecoins.



Meme coins "may be fulfilling their purpose as an onramp for newcomers to enter the broader crypto ecosystem, according to the report.



The report highlights the Solana&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain&#8217;s role in powering meme coins, noting that Solana has arguably benefitted most from being the blockchain infrastructure that powers meme coins.



This finding counters the narrative that meme coins are merely a distraction or a risk to investor seriousness.



The report draws on responses from over 20,000 individuals across 20 countries and offers insights into how new entrants engage with the crypto world. 



It notes that &#8220;among those who started with meme coins, 72% also bought NFTs, and 66% bought stablecoins,&#8221; suggesting strong crossover behavior into more utility-driven asset classes.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45593898/crypto-titans-deny-collusion-claims-over-trump-linked-defi-platform-as-binance-founder-slams-smear-campaign">Crypto Titans Deny Collusion Claims Over Trump-Linked DeFi Platform As Binance Founder Slams &#8216;Smear Campaign&#8217;</a>



Further, the meme coin adoption trend is especially notable among younger investors. 



According to the report, &#8220;Men and younger respondents are more likely to have purchased meme coins,&#8221; signaling that the appeal of meme-based assets may align with a generation that is both digitally native and risk-tolerant.



The report also observed an evolving perception of meme coins across the broader crypto community: &#8220;Even among experienced crypto users, meme coins have been purchased by 44% of respondents.&#8221; 



This statistic supports the idea that meme coin investing is not exclusive to novices but is part of wider portfolio experimentation.



What&#8217;s Next: While volatility and speculation still surround meme coins, Gemini&#8217;s data shows that these assets can serve a functional role in onboarding users to more complex products.



The report further states that meme coin investors were also more likely than non-meme coin investors to have diversified into other areas of crypto.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45591125/can-trumps-50-eu-tariff-threat-stop-bitcoins-rally">Can Trump&#8217;s 50% EU Tariff Threat Stop Bitcoin&#8217;s Rally?</a></li>
</ul>



Image: Shutterstock

Dogecoin, Shiba Inu And Other Meme Coins Are Entry Points To Crypto Ecosystem: Report

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) co-founder Michael Saylor on Tuesday <a href="https://www.benzinga.com/markets/25/05/45590907/microstrategy-chair-michael-saylor-warns-of-end-of-digital-gold-rush-get-your-bitcoin-before-there-i">sharply criticized the practice</a> of publishing proof of reserves, calling it a security liability and a distraction from what truly matters, audited financials and institutional-grade transparency.



What Happened: His <a href="https://x.com/ProfessorB21/status/1927218071069966502">comments</a>, made in a public address, dismissed proof of reserves as a "crypto parlor trick" that offers no real protection and exposes companies to significant risk.



"It's like publishing the addresses and bank accounts of all your kids," said Saylor. "It doesn't make your family safer." 



He warned that making wallet addresses public opens an attack surface for hackers, nation-state actors, and other malicious entities. "You publish your wallet, that's an attack vector," he added.



Saylor's central critique is that most current proof-of-reserve disclosures are incomplete and misleading. 



"It's a proof of assets that is insecure and not a proof of liabilities," he said. "If you've incurred $50 billion in liabilities via fiat contracts, the security's no good."



He argued that the only acceptable standard for true financial attestation is the U.S. public company model: "a public company with a Big Four auditor, subject to Sarbanes-Oxley, where the CFO, CEO, and board are civilly and criminally liable." 



According to Saylor, this institutional accountability far outweighs wallet-based proof systems in the eyes of serious investors.



Also Read: <a href="https://www.benzinga.com/markets/25/05/45601917/bitcoin-rally-has-room-to-run-says-morgan-creeks-mark-yusko">Bitcoin Rally Has Room To Run, Says Morgan Creek&#8217;s Mark Yusko</a>



Why It Matters: While his critique resonated with some, it didn't land quietly.



Binance founder Changpeng Zhao (CZ) apparently <a href="https://x.com/cz_binance/status/1927301860970443032">responded</a> on social media with a mocking jab, "He probably sold bitcoins. &#x1f602;"



CZ's tweet quickly went viral, pointing out the divide between corporate-style governance advocated by figures like Saylor and the transparency-first ethos favored by many in the crypto-native world.



Saylor did leave room for future innovation, suggesting that a zero-knowledge proof-based system might eventually offer a secure compromise — but only if cleared by auditors, risk managers, custodians, and legal counsel.



Until then, he cautioned, proof of reserves should not be mistaken for institutional-grade assurance. 



"People give too much credence to it," he said. "It isn't God's gift."



Strategy currently holds 568,840 BTC, accumulated at a combined cost of $39.41 billion and an average purchase price of $69,287.



In a recent filing with the SEC, Strategy disclosed a 15.5% Bitcoin yield year-to-date, signaling the performance of its BTC holdings against cost basis amid continued price appreciation.



Strategy&#8217;s ATM program remains sizable, with over $40 billion in authorized securities, both common and preferred, still available for issuance.



The company&#8217;s approach continues to treat Bitcoin as its core treasury reserve, executed through <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45349057/strategy-buys-134b-in-bitcoin-at-99856-cites-155-btc-yield">traditional capital markets structures</a>.



Read Next: <a href="https://www.benzinga.com/markets/25/05/45601130/xrp-dogecoin-shiba-inu-waiting-to-pump-they-dominate-mindshare-they-can-lead-in-culture-expert-says">XRP, Dogecoin, Shiba Inu Waiting To Pump: &#8216;They Dominate Mindshare, They Can Lead In Culture,&#8217; Expert Says</a>

Michael Saylor Calls Proof Of Reserves A 'Crypto Parlor Trick', But Binance's Ex-CEO CZ Isn't Having It: 'He Probably Sold Bitcoins'

Solana's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) <a href="https://www.benzinga.com/money/eth-vs-sol">reliance on meme coin trading</a> as its dominant use case could hold back its performance relative to Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) for the foreseeable future, according to Standard Chartered's Head of FX and Digital Assets Research Geoffrey Kendrick.



What Happened: In a note sent to Benzinga on Tuesday, Kendrick stated that real-world applications on Solana, such as high-throughput financial platforms and consumer-facing services like social media, are "still some years away" from scaling meaningfully.



"Going forward, I think we are past peak-memecoin," Kendrick wrote, adding that while Solana has proven its technical strengths in transaction speed and cost-efficiency, broader sector adoption has yet to materialize. 



This gap, he says, will likely cause Solana to underperform Ethereum in the near term.



Solana has captured significant trading volume through meme coin activity, supported by its low transaction fees and high throughput. 



Kendrick refers to this dominance as a "double-edged sword." 



On the one hand, it has battle-tested the network's ability to handle large volumes cheaply and quickly. 



On the other, the market is "applying a quantifiable discount" to Solana's application-layer revenue, what Kendrick calls Solana's &#8220;GDP,&#8221; because of its heavy concentration in speculative tokens.



Also Read: <a href="https://www.benzinga.com/markets/25/05/45601917/bitcoin-rally-has-room-to-run-says-morgan-creeks-mark-yusko">Bitcoin Rally Has Room To Run, Says Morgan Creek&#8217;s Mark Yusko</a>



Why It Matters: Recent declines in meme coin activity on Solana reinforce concerns about the network's reliance on a single sub-sector.



Kendrick highlights that this shrinking base of activity comes at a time when alternative sectors such as real-world financial apps remain underdeveloped. 



"A usage gap may exist for a period," he warned, during which SOL may lag ETH on a relative basis.



Kendrick's analysis includes detailed price forecasts. 



He expects SOL-USD to rise from its current level of $175 to $275 by the end of 2025, and eventually reach $500 by 2029. 



However, when measured against Ethereum, the ETH-SOL exchange rate is projected to increase from 14 to 17 by 2027 before stabilizing. 



For comparison, ETH is expected to rise to $4,000 by end-2025 and to $7,500 by 2029.



These projections suggest Ethereum will continue to command a valuation premium over Solana, driven in part by its broader adoption base and more mature ecosystem of financial, gaming, NFT, and institutional applications.



Solana's core strength lies in its architecture, an optimized Layer-1 chain capable of fast and cheap confirmations.



Read Next: 



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<li><a href="https://www.benzinga.com/markets/25/05/45601130/xrp-dogecoin-shiba-inu-waiting-to-pump-they-dominate-mindshare-they-can-lead-in-culture-expert-says">XRP, Dogecoin, Shiba Inu Waiting To Pump: &#8216;They Dominate Mindshare, They Can Lead In Culture,&#8217; Expert Says</a></li>
</ul>



Image: Shutterstock

Solana To Trail Ethereum, Says Standard Chartered: 'We Are Past Peak Meme Coin'

Sam Bankman-Fried, the fallen cryptocurrency mogul who once promised to "build the future of finance," is now projected to walk out of federal custody on Dec. 14, 2044, more than four years earlier than the 25-year sentence he received last spring.



What Happened: The Federal Bureau of Prisons lists the new date on its inmate database, reflecting automatic "good conduct time" credits that can cut up to 54 days from each year of a sentence. Additional reductions for rehabilitation programs and time served before trial are also possible, a spokesman <a href="https://www.businessinsider.com/sbf-years-shaved-off-his-prison-sentence-2025-5">told</a> Business Insider.



Bankman-Fried was jailed two months ahead of his 2023 trial after he showed a journalist private writings by his onetime girlfriend, Caroline Ellison, prompting a judge to revoke his $250 million bond. That pre-sentence stint now counts toward the revised release date.



See also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45605892/tiktok-influencer-pays-six-figures-for-trumps-memecoin-gala-dinner-gets-trash-food-and-watches-presidents-marine-one-depart-within-minutes">Tiktok Influencer Pays Six Figures For Trump&#8217;s Memecoin Gala Dinner, Gets &#8216;Trash&#8217; Food And Watches President&#8217;s Marine One Depart Within Minutes</a>



A Manhattan jury in November 2023 convicted Bankman-Fried on seven counts of fraud and conspiracy for "<a href="https://www.benzinga.com/markets/cryptocurrency/22/12/30170568/crime-and-entanglement-how-ftxs-bankruptcy-alameda-ceos-guilty-plea-went-down">commingling money</a> with Alameda Research" and channeling billions in customer deposits into risky bets, political donations and luxury real estate. Prosecutors said the maneuver amounted to an "$11 billion fraud." U.S. District Judge Lewis Kaplan <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37988324/sam-bankman-fried-sentenced-to-25-years-judge-points-to-ambition-political-manipulation">called the scheme</a> "one of the largest financial frauds in American history" before imposing a 25-year term in March 2024.



Why It Matters: BOP rules mean his projected exit could change again. Serious disciplinary infractions would erase credits, while additional program hours could shave off more time.



Bankman-Fried has <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38214273/sam-bankman-fried-founder-of-ftx-appeals-fraud-conviction-and-25-year-sentence">appealed both</a> his conviction and sentence. His defense team argues the trial moved too quickly and misinterpreted cryptocurrency practices. Meanwhile, regulators and lawmakers continue to sift through FTX's wreckage. A separate civil case brought by the Securities and Exchange Commission seeks billions in disgorgement.



Whether the on-paper reduction survives the appeals process or the daily grind of prison life remains to be seen. But for now, the entrepreneur who once commanded a $32 billion exchange has a new number etched on the BOP ledger.



Image via Shutterstock



Read next: <a href="https://www.benzinga.com/markets/25/05/45613145/peter-brandts-85-15-profit-rule-echoes-stan-druckenmillers-playbook-fewer-trades-concentrated-bets-tight-risk-controls">Peter Brandt&#8217;s 85/15 Profit Rule Echoes Stan Druckenmiller&#8217;s Playbook: Fewer Trades, Concentrated Bets, Tight Risk Controls</a>

Fraudster Sam Bankman-Fried Set To Leave Prison Four Years Early As 'Good Conduct' Credits Trim His 25-Year Sentence

New research by&nbsp;Google suggested that RSA encryption, a critical security feature used in securing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), may be more susceptible to quantum computing attacks than previously anticipated.



What Happened: &nbsp;Google Quantum AI&nbsp;researcher&nbsp;Craig Gidney&nbsp;published a new paper indicating that RSA encryption could be broken with&nbsp;20 times fewer quantum resources&nbsp;than previously estimated.



&#8220;We published a preprint demonstrating that 2048-bit RSA encryption could theoretically be broken by a quantum computer with 1 million noisy qubits running for one week. This is a 20-fold decrease in the number of qubits from our previous estimate,&#8221; Gidney wrote in a blog post.



A qubit is the basic unit of information used to encode data in quantum computing, serving as the foundation upon which quantum algorithms are built.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>



The study did not specifically mention Bitcoin or other cryptocurrencies. However, the <a href="https://www.benzinga.com/money/what-is-cryptography" target="_blank" rel="noreferrer noopener">Elliptic Curve Cryptography algorithm</a>, which secures transactions on Bitcoin with public and private keys, is similar in principle to the RSA.



While Elliptic Curve Cryptography is currently secure against classical computers, a strong enough quantum computer could effectively crack it in the years to come, according to a previous study.



Why It Matters: Concerns over <a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate">Bitcoin&#8217;s cryptography</a> have increased with the release of Google&#8217;s next-generation quantum chip, "Willow,&#8221; last year. This chip can solve a standard benchmark computation in under five minutes, a task that would take the world's fastest supercomputers 10 septillions, or 10^25, years to solve.



While some experts<a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate"> ruled out immediate dangers</a>, others advocated for proactive measures to prepare for the threat, such as switching to quantum-resistant algorithms.



A&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42546731/bitcoin-could-require-over-300-days-of-downtime-to-prepare-it-for-the-quantum-era-shows-study-amid-google-willow-chip-concern">study led by the University of Kent&#8217;s School of Computing</a>&nbsp;suggested that Bitcoin might need to undergo a costly and time-consuming update process to counter the threat from quantum computing in the future. 



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45611404/anthony-scaramucci-remains-firm-on-bitcoin-as-the-best-investment-idea-even-as-the-largest-crypto-hovers-around-109000">Anthony Scaramucci Remains Firm On Bitcoin As The Best Investment Idea Even As The Largest Crypto Hovers Around $109,000</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>



Photo Courtesy: Wirestock Creators on Shutterstock

Google Warns Quantum Computers Could Crack Bitcoin-Like Encryption 20 Times Faster Than Expected

MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) CEO Fred Thiel stated about a month ago that countries were loading up on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to offset the impact of a weaker dollar. But has this been the case?



What happened: During an interview with entrepreneur and investor Anthony Pompliano dated April 29, Thiel stressed the strategic importance of the U.S. front-running other countries in creating a strategic reserve of Bitcoin.



Thiel argued that the U.S. government intends to &#8220;inflate away the debt&#8221; by devaluing the dollar.



"The bulk of foreign countries' reserves are in dollars. If the U.S. is going to take the dollar and devalue it, the last place they want to be is holding a bunch of dollars that are getting worth less every day," he said.&nbsp;



He added that countries have recognized this, and even those who were previously skeptical have started loading up on Bitcoin.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Largest Bitcoin Miner Reveals His Bull Market Thoughts" width="500" height="281" src="https://www.youtube.com/embed/2JO-uLqTNiI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>



While it's true that countries have ramped up efforts to make their jurisdiction <a href="https://www.benzinga.com/25/05/45603775/bitcoin-mining-in-pakistan-south-asian-nation-leverages-surplus-energy-to-mint-new-btc-ai-data-centers">Bitcoin-friendly</a>, the claim about BTC purchases is debatable.



Around 12 nations were confirmed to hold Bitcoin as of this writing, <a href="https://bitcointreasuries.net/">according </a>to bitcointreasuries.net. However, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45497657/bitcoin-back-to-103k-as-el-salvador-shuns-imf-deal-australia-forfeits-btc-proceeds">El Salvador</a> stands out as the only country to make direct Bitcoin purchases. The Central American nation <a href="https://bitcoin.gob.sv/">bought</a> 31 BTC over the last month, aligning with its policy of acquiring 1 BTC per day.



Bhutan relied on<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44856786/bhutan-flexes-hydropower-for-bitcoin-mining-explores-sale-of-green-coins"> state-funded mining operations</a> to accumulate Bitcoin. Interestingly, the Himalayan nation reduced its BTC holdings over the last month, <a href="https://intel.arkm.com/explorer/entity/druk-holding-investments">according </a>to blockchain analytics firm Arkham.



Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,698.08, down 0.31% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;



Shares of MARA were up 3.05% in pre-market trading after closing 5.88% lower at $14.73 during Friday&#8217;s regular session. Year-to-date, the stock has plunged 12.11%.



MARA reported low momentum and growth scores as of this writing. To find out how other Bitcoin-mining firms stack up on these parameters, visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="500" height="192" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27041135/Screenshot-2025-05-27-134117.png" alt="" class="wp-image-927928" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27041135/Screenshot-2025-05-27-134117.png 500w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27041135/Screenshot-2025-05-27-134117-300x115.png 300w" sizes="(max-width: 500px) 100vw, 500px" /></a></figure>



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45557864/jamie-dimon-is-no-fan-of-bitcoin-but-trumps-crypto-czar-made-an-attempt-to-change-the-jpmorgan-ceos-mind-using-this-narrative">Jamie Dimon Is No Fan Of Bitcoin, But Trump&#8217;s Crypto Czar Made An Attempt To Change the JPMorgan CEO&#8217;s Mind Using This Narrative</a></li>
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Photo: Egaranugrah On Shutterstock

MARA CEO Fred Thiel Said About A Month Ago That Nations Have Begun To Stockpile Bitcoin — Here's What The Data Actually Shows

Anthony Scaramucci, the founder and CEO of SkyBridge Capital, recalled an earlier interaction on Monday in which he regarded Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as the single best investment idea.



What happened: It all started when podcaster Natalie Brunell, while reacting to billionaire investor Stanley Druckenmiller's investment mantra, wrote on X, "You don't need 50 ideas when investing, you just need one great one. Bitcoin is the best idea."



Brunell then tagged Scaracmucci, asking if the remark sounded familiar. Scaramucci replied, "Yes, it does."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes it does <a href="https://t.co/ptxJaapA1X">https://t.co/ptxJaapA1X</a>&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1927112792227692885?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>



Why It Matters: For those curious, the reference was to an interaction between the two in October 2024, when Scaramucci recalled how Strategy co-founder Michael Saylor convinced him to revise portions of his book on Bitcoin.



Saylor questioned why he recommends tying 2% of one&#8217;s wealth to Bitcoin while he himself has 55% invested in the asset.



"If you tell somebody to own 2% of Bitcoin, that means they have to come up with 50 other ideas as good as Bitcoin. So let me ask you, do you have 50 other ideas in your mind as good as Bitcoin?" Anthony quoted Saylor as asking him. "No, I don't," he replied.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Anthony Scaramucci: Why Bitcoin is the Best Investment Idea" width="500" height="281" src="https://www.youtube.com/embed/LKF9S84fTZs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Scaramucci has been vocal about his Bitcoin support, stating last week <a href="https://www.benzinga.com/25/05/45427302/anthony-scaramucci-forecasts-bitcoin-will-be-deemed-asset-class-akin-to-gold-when-it-reaches-500000">that he was hopeful the cryptocurrency would reach $500,000</a> apiece and become a full-fledged asset.



Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $108,958.81, down 0.71% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;



The apex cryptocurrency<a href="https://www.benzinga.com/25/05/45589015/bitcoin-rockets-to-record-highs-amid-trumps-commitment-and-swedens-corporate-treasury-move"> embarked on a record-shattering rally</a> last week, rising to an all-time high of $110,376.88. Since then, it has retraced due to tariff-related developments.



Photo Courtesy: Al Teich On Shutterstock.com



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Anthony Scaramucci Remains Firm On Bitcoin As The Best Investment Idea Even As The Largest Crypto Hovers Around $109,000

Seasoned cryptocurrency investor Fred Krueger on Monday drew a historical parallel between the 1970s gold price surge and the projected trajectory of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) over the next decade.



What happened: In an X post, Kruger posted a chart showing the average annual growth of gold prices in the 1970s, beginning at $35 per ounce and rising to $615 by 1980, marking a whopping 1657.14% increase.



Krueger argued that Bitcoin could follow an &#8220;exact same&#8221; pattern in the next decade, driven by what he deemed as a desire to exit the traditional financial system



"In both cases we went from &#8220;everything is amazing&#8221; to &#8220;everything is crap&#8221; in a decade," he added. "Perfect analogy."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you want to understand where Bitcoin is going in the next decade, just look at Gold prices in the 1970s. Almost the exact same setup. We started at $35 an ounce and ended at $615. This is the pattern when people want &quot;out&quot; of the financial system, <a href="https://t.co/372VZWmHtx">pic.twitter.com/372VZWmHtx</a>&mdash; Fred Krueger (@dotkrueger) <a href="https://twitter.com/dotkrueger/status/1926994237335142787?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>



Notably, the U.S. GDP growth rate averaged around 3% during the 1970s, lower than the average growth rate of over 4% in the previous two decades, <a href="https://tradingeconomics.com/united-states/gdp-growth-annual">according </a>to Trading Economics.



The period also saw high inflation due to the 1973 oil embargo on the U.S. by the Arab members of the Organization of the Petroleum Exporting Countries.&nbsp;



Kruger cited this as one of the elements influencing the appeal of gold, along with factors like high interest rates and geopolitical problems like Russia&#8217;s invasion of Afghanistan.&nbsp;



Why It Matters: Kruger&#8217;s prediction that Bitcoin would replicate the gold boom of the 1970s was contested by some X users.



A user, MorningAlpha.ai, said that the consumer inflation, which peaked at 13% in 1980, had a "huge influence" on gold's price back then. The Consumer Price Index for April, meanwhile, <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45374267/inflation-eases-in-april-as-trumps-tariffs-dont-push-prices-higher">came in at 2.3%</a>.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big difference between then and now. CPI peaked at 13%+ in 1980 which had a huge influence on on the price of <a href="https://twitter.com/search?q=%24GLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GLD</a>. Unless you are predicting a repeat of that history, I&#39;d be careful about using your chart to forecast the price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/KJlffLToRn">pic.twitter.com/KJlffLToRn</a>&mdash; MorningAlpha.ai (@morningalpha_ai) <a href="https://twitter.com/morningalpha_ai/status/1927021416379019278?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Additionally, a section of users cited potential risks like quantum computing, which could <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42546731/bitcoin-could-require-over-300-days-of-downtime-to-prepare-it-for-the-quantum-era-shows-study-amid-google-willow-chip-concern">theoretically break Bitcoin's cryptography</a> in the future.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Quantum computing fixes this&mdash; kling (@napalm_69) <a href="https://twitter.com/napalm_69/status/1926997837356609640?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Yalcin Sonat on Shutterstock.com



Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $108,946.71, up 0.61% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Spot gold traded at $3,340.51 per ounce as of this writing, down 0.05%.



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Bitcoin Setup 'Exact Same' Like Gold's 1657% Explosion During 1970s, Says Seasoned Trader, But Critics Have Something To Add

The Dubai Land Department&nbsp;launched an XRP Ledger (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)-based tokenized real estate platform on Sunday as part of a government-backed initiative to digitize real estate in the Emirati city.



What Happened:&nbsp;The government-run entity collaborated&nbsp;with real estate fintech firm&nbsp;Prypco to create the &#8220;Prypco Mint&#8221; platform, according to a press release. The project will allow investors to acquire&nbsp;fractional ownership in Dubai properties&nbsp;using local currency, starting at AED 2,000 (approximately $545).



At present, the platform only facilitates dirham transactions and is exclusively&nbsp;available to United Arab Emirates&nbsp;ID cardholders. However, the Dubai Land Department intends to broaden access globally and incorporate more platforms in the future.



Ctrl Alt Solutions, a tokenization infrastructure provider, will be the technological partner. Ctrl Alt stated in a separate release that XRPL will serve as the project&#8217;s underlying blockchain.



See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a>



Why It Matters:&nbsp;The Dubai government&#8217;s initiative is part of a sustained effort to establish the Middle-Eastern city as a hub for blockchain and digital asset services.



Ripple Labs, a firm closely tied to XRPL and XRP, has emerged as a key partner. In October of last year, the&nbsp;Dubai Financial Services Authority <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41125099/ripple-receives-dubai-approval-for-blockchain-payment-services">granted in-principle approval</a> to Ripple to offer blockchain-enabled payment services from the Dubai International Financial Centre.



Real-world asset tokenization has emerged as one of the hottest cryptocurrency narratives in recent years. According to Prophecy Market Insights, the real estate tokenization market was valued at&nbsp;$3.8 billion&nbsp;in 2024 and is&nbsp;<a href="https://www.prophecymarketinsights.com/market_insight/Global-Real-Estate-Tokenization-Market-4857" target="_blank" rel="noreferrer noopener">expected&nbsp;</a>to reach $26 billion by 2034 with a compound annual growth rate of 2.90%.



Price Action:&nbsp; At the time of writing, XRP was exchanging hands at $2.29, down 2.21% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 



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Shutterstock: Eduardo Estellez



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

XRP Blockchain To Power Fractional Ownership In Dubai Properties Starting At $545

Leading cryptocurrencies fell Monday as trading remained tepid on the Memorial Day holiday.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-1.23%</td><td>$108,006.73</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.41%</td><td>$2,523.05</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.60%</td><td>$0.2203</td></tr></tbody></table></figure>



What Happened: Bitcoin surged to an intraday high of $110,376.88 in the afternoon before dropping to a low of $107,600 overnight. Ethereum recorded a similar dip in the late hours.



The two blue-chip cryptocurrencies, BTC and ETH, saw slight increases in trading volumes, at 5.47% and 3.54%, respectively.&nbsp;



About $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $136 million in bullish bets getting wiped out.



Bitcoin&#8217;s Open Interest was largely unchanged in the last 24 hours. Over the week, though, the money locked in derivatives has risen nearly 6%.



About 58% of top trader accounts on Binance with open BTC positions were short as of this writing.



The &#8220;Greed&#8221; sentiment prevailed in the market, as indicated by the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Quant (QNT)</td><td>+8.68%</td><td>$103.62</td></tr><tr><td>Jupiter (JUP)</td><td>+7.30%</td><td>$0.6044</td></tr><tr><td>Four (FORM)</td><td>+4.87%</td><td>$3.01</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.42 trillion, following a dip of 0.72% in the last 24 hours.



Stock futures continued in the green Monday overnight. The Dow Jones Industrial Average Futures rose 360 points, or 0.86%, as of 9:20 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 spiked 0.94%, while Nasdaq 100 Futures gained 1.04%.



The New York Stock Exchange and the Nasdaq were closed in observance of Memorial Day. Regular trading will resume on Tuesday.



Stocks ended nearly flat on Thursday. The Dow Jones Industrial Average lost 1.35 points to end at 41,859.09. The S&amp;P 500 dipped 0.04% to close at 5,842.01, while the tech-focused Nasdaq Composite closed 0.28% higher at 18,925.73.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Blockchain analytics firm CryptoQuant highlighted the "deep conviction" of long-term Bitcoin holders.



"While overleveraged short-term traders were flushed out as Bitcoin's price dropped below $111,000 and $109,000, long-term holders have been quietly capitalizing on the reset," CryptoQuant said. "It's clear that long-term investors are using this period of forced selling to increase their exposure."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Late Longs Wiped Out — Long-Term Holders Seize the Opportunity to Accumulate Bitcoin "Overleveraged short-term traders were flushed out… LTHs have been quietly capitalizing on the reset. With the LTH realized cap now surpassing $28B." – By Amr Taha <a href="https://t.co/4NmLvs1AjL">pic.twitter.com/4NmLvs1AjL</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1926988095544504626?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cryptocurrency analyst and trader Michaël van de Poppe said ETH falling below $2,400 will provide a "tremendous" opportunity.



"Ethereum rallied from $1,800 to $2,700 in a few days. If there&#8217;s a 10-20% correction, pretty normal, great opportunity to get yourself positioned into it," Van De Poppe opined.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Similarly, I think it&#39;s vital that, if <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> drops beneath $2,400, that will give a tremendous opportunity. Ethereum rallied from $1,800 to $2,700 in a few days. If there&#39;s a 10-20% correction, pretty normal, great opportunity to get yourself positioned into it. <a href="https://t.co/e1bY3iYfxh">pic.twitter.com/e1bY3iYfxh</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1927088096354468031?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Igor Faun On Shutterstock.com



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Bitcoin, Ethereum, Dogecoin Encounter Memorial Day Dip: 'Tremendous' Opportunity In ETH Falling Below $2,400, Says Analyst

Economist&nbsp;Peter Schiff&nbsp;announced Monday his participation in the three-day Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) 2025 conference in Las Vegas to present &#8220;contrarian opinions&#8221; on the apex cryptocurrency.



What Happened: Schiff shared a picture on X of himself getting ready to board an airplane.



&#8220;I'm off to Las Vegas&nbsp;for the Bitcoin conference this&nbsp;morning, where, ironically, I'll likely&nbsp;be the speaker who best&nbsp;understands Bitcoin,&#8221; Schiff said in a cheeky tone. Interestingly, he was spotted wearing a &#8220;Make Bitcoin Great Again&#8221; cap.



&#8220;It&#8217;s better to present contrarian opinions. What good is an eco chamber,&#8221; Schiff replied when a X user objected to his presence at the conference. He added that he would &#8220;Bury&#8221; Bitcoin at the conference.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm off to Las Vegas for the Bitcoin conference this morning, where, ironically, I'll likely be the speaker who best understands Bitcoin. <a href="https://t.co/hCor86JiMn">pic.twitter.com/hCor86JiMn</a>&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1926992038030876931?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



After arriving, Schiff shared a picture of his &#8220;modest&#8221;&nbsp;booth at the exhibit hall&nbsp;of Bitcoin 2025. &#8220;By the time Bitcoin crashes&nbsp;for good, maybe I&#8217;ll&nbsp;be the one with the&nbsp;fancy booth.&#8221;



See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/01/36851741/rollercoin-unleashing-the-excitement-of-virtual-bitcoin-mining" target="_blank" rel="noreferrer noopener">Rollercoin: Unleashing The Excitement Of Virtual Bitcoin Mining</a>



Why It Matters:&nbsp;Schiff&#8217;s participation in the Bitcoin conference is noteworthy given his <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45029413/peter-schiff-questions-trumps-bitcoin-ambition-amid-trade-deficit-concerns-resources-are-just-wasted">long-standing criticism </a>of anything and everything about the cryptocurrency. 



Several Bitcoiners have accused him of doing engagement farming by repeatedly mentioning the coin in his X posts.&nbsp;His critics believe <a href="http://benzinga.com/markets/cryptocurrency/24/05/38781124/peter-schiff-says-he-gets-a-kick-out-of-fanatics-accusing-him-of-secretly-owning-bitcoin-t">he secretly owns Bitcoin</a>, in contrast to the overtly critical positions he takes on social media. Schiff has denied these claims.



Bitcoin 2025 will be a 3-day conference beginning on Tuesday at the Venetian Convention Center. This year&#8217;s event will see influential speakers like Vice President JD Vance, Eric Trump, the executive vice president of The Trump Organization and Strategy co-founder Michael Saylor.



Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $109,141.34, down 0.52% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



Photo Courtesy: PalSand on Shutterstock.com



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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Peter Schiff Says He's The One Who 'Best Understands' Bitcoin, Gets Ready To Wow Participants At Crypto Conference With 'Modest Booth'

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is back in the headlines, this time flashing a textbook Golden Cross — a bullish technical pattern that has historically preceded massive rallies in <a href="https://www.benzinga.com/crypto">the crypto's price.</a>



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26090419/Screenshot-2025-05-26-at-6.24.49-PM.png" alt="" class="wp-image-927503" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26090419/Screenshot-2025-05-26-at-6.24.49-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/26090419/Screenshot-2025-05-26-at-6.24.49-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0526">Chart created using Benzinga Pro</a>



Read Also:<a href="https://www.benzinga.com/25/05/45519909/bitcoin-vs-ethereum-try-btc-eth-why-smart-money-bets-on-both"> Bitcoin Vs. Ethereum? Try BTC + ETH &#8211; Why Smart Money Bets On Both</a>



<h2 class="wp-block-heading">Golden Cross Sparks Momentum Shift</h2>



The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a shift in long-term momentum. It signals the onset of a bullish run. 



With BTC already smashing through $112,000 and comfortably above its key short-term moving averages, traders are reading this as a green light for more gains.



The chart doesn't lie. Bitcoin's eight-day, 20-day and 50-day simple moving averages all sit below the current price, reinforcing bullish momentum. The MACD (moving average convergence/divergence) indicator flashes a hefty +3,824 and the RSI (relative strength index) hovers at 67.83 — hot, but not overheated.



<h2 class="wp-block-heading">Strategy Doubles Down With $427M Bitcoin Buy</h2>



This move comes on the heels of fresh firepower from Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the corporate titan with the world's largest Bitcoin treasury. The company just <a href="https://www.strategy.com/press/strategy-acquires-4020-btc-now-holds-580250-btc_05-26-2025">scooped</a> up 4,020 BTC for $427 million, pushing its total haul to a staggering 580,250 coins. 



Its average buy-in? A cool $69,979.



That latest buy was funded through at-the-market offerings, part of Strategy's long-running bet that Bitcoin isn't just a digital currency — it's the future of money. 



With the crypto now sitting nearly 60% higher over the past year and 17% up year to date, that bet is looking pretty savvy.



And while the road to Bitcoin's next all-time high might come with some bumps — the occasional dip, the regulatory tremor — the technical picture suggests bulls are once again in the driver's seat.



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Image: Shutterstock/Frame Stock Footage

Bitcoin Breaks Out: Golden Cross Confirmed, Strategy Fuels Fire With $427 Million Buy

TikTok prankster Nicholas Pinto spent more than $360,000 worth of President Donald Trump's Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) memecoin for what promoters billed as an "unforgettable Gala DINNER." What he got instead, he says, was "Walmart steak," a seat far from the President and a lingering appetite for real food.



What Happened: Guests arrived at Trump National Golf Club last Thursday after plowing a collective $148 million into the joke cryptocurrency, a contest that guaranteed the top 220 wallet holders an invitation and promised the first 25 a VIP reception.



The gold-leaf menu promised a "Trump organic field-green salad" followed by an "entrée duet" of filet mignon and pan-seared halibut. But Pinto <a href="https://fortune.com/crypto/2025/05/23/trump-memecoin-dinner-nicholas-pinto-bad-food">texted</a> Fortune midway through the meal that the sliced beef was "trash" and that "everyone at my table was saying the food was some of the worst food that they ever had."



"The only good thing was bread and butter," he later <a href="https://www.wired.com/story/a-helicopter-halibut-and-ymca-inside-donald-trumps-memecoin-dinner/">told</a> WIRED.



See also: <a href="https://www.benzinga.com/news/25/05/45602729/trump-makes-light-of-assassination-attempt-at-exclusive-memecoin-investor-dinner-that-brings-back-some-not-such-good-memories">Trump Makes Light Of Assassination Attempt At Exclusive Memecoin Investor Dinner: &#8216;That Brings Back Some Not-Such-Good Memories&#8217;</a>



Trump himself landed by Marine One, spoke for roughly 20 minutes, and left in a golf cart before most diners could approach him. "Pretty much like b&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;t," Pinto said of the speech.



Crypto-analysis firm Inca Digital says buyers pumped in $148 million after the dinner was announced, helping the token spike to an $8.8 billion market cap before sliding to about $2.8 billion. High-rolling attendees included Chinese-born billionaire Justin Sun, who shelled out roughly $18 million in tokens and walked away with a $100,000 <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45602645/crypto-mogul-justin-sun-dines-with-trump-then-flexes-100k-watch-whats-the-deal">Trump-branded tourbillon watch</a>, according to Reuters.



Why It Matters: Pinto, who ranks No. 72 on the TRUMP leaderboard under the alias "rich," spray-painted his Mercedes G-Wagon with the token's ticker but opted to drive his 2023 Lamborghini to the dinner. "I really would love to meet Elon Musk," he said beforehand, only to leave hungry and Musk-less, hunting late-night snacks with his dad.



The gala comes as Trump's crypto ventures face growing scrutiny. Senators grilled SEC Chair Paul Atkins about Justin Sun's legal troubles the same week TRUMP <a href="https://www.benzinga.com/25/05/45534737/trump-soars-12-ahead-of-gala-dinnersec-chair-paul-atkins-grilled-on-memecoin-justin-suns-link-during-congressional-hearing">jumped 12%</a> ahead of the dinner. For Pinto, however, the ROI on his six-figure crypto gamble boiled down to a cold steak and a missed selfie.



Price Action:&nbsp; At the time of writing, TRUMP was exchanging hands at $12.78, up 1.51% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.



Read next: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45605191/would-you-wear-your-crypto-franck-muller-unveils-24k-solana-watch-with-built-in-wallet">Would You Wear Your Crypto? Franck Muller Unveils $24K Solana Watch With Built-In Wallet</a>

Tiktok Influencer Pays Six Figures For Trump's Memecoin Gala Dinner, Gets 'Trash' Food And Watches President's Marine One Depart Within Minutes

Swiss luxury watchmaker Franck Muller has partnered with Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain to launch the Franck Muller 41mm Solana limited edition watch, retailing for $24,331 (20,000 Swiss francs). The collaboration represents a first-of-its-kind fusion of traditional Swiss craftsmanship with Web3 technology.



What Happened: Limited to 1,111 pieces, the timepiece features a unique QR code positioned at 12 o&#8217;clock that directly links to the wearer&#8217;s personal Solana wallet address. Each watch is individually numbered with the owner&#8217;s wallet address embedded securely and privately, according to Franck Muller Encrypto&#8217;s official announcement.



&#8220;This collection is more than a tribute; it&#8217;s a bold statement of identity, ownership, and technological excellence,&#8221; Franck Muller Encrypto stated on the social media platform X.



The 41mm stainless steel case features Spectracoat coating and houses a Swiss automatic movement Caliber FM 300. The watch includes scratch-resistant anti-reflective sapphire crystal and offers 30-meter water resistance. Rubber straps are available in white, purple, and turquoise colorways with butterfly deployment clasp.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stunning limited edition Franck Muller timepiece just unveiled live at Accelerate &#x1f525; Connects to your Solana wallet with built-in loyalty and rewards <a href="https://t.co/n4bFUnLA8K">https://t.co/n4bFUnLA8K</a>&mdash; Solana (@solana) <a href="https://twitter.com/solana/status/1925950883176587518?ref_src=twsrc%5Etfw">May 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/news/25/05/45605022/jerome-powell-shares-his-formula-for-success-a-combination-of-luck-the-courage-heres-what-else-he-told-princeton-grads">Jerome Powell Shares His Formula For Success: &#8216;A Combination Of Luck, The Courage&#8230;&#8217; — Here&#8217;s What Else Fed Chair Told Princeton Grads</a>



Why It Matters: The integration allows wearers to access loyalty programs and rewards directly through their timepiece.



Solana currently trades at $177.73 with a market capitalization of $92.47 billion, according <a href="https://coinmarketcap.com/currencies/solana/#About">to</a> CoinMarketCap data. The blockchain platform, founded by Anatoly Yakovenko and launched in March 2020, utilizes a hybrid proof-of-history and proof-of-stake consensus mechanism designed for high-speed transaction processing.



The watch collection was unveiled at Solana&#8217;s Accelerate conference and is available exclusively through solanaxfranckmuller.com. Each piece represents what the companies describe as &#8220;the future of luxury&#8221; where physical craftsmanship meets digital utility in the growing Web3 market segment.



Image Via Shutterstock



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" target="_blank" rel="noreferrer noopener">Trump&#8217;s Targeting Of Apple Isn&#8217;t Random — Analyst Says It&#8217;s A Calculated Move For Maximum Political Gain</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Would You Wear Your Crypto? Franck Muller Unveils $24K Solana Watch With Built-In Wallet

Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) was one of the cryptocurrency market's biggest gainers early Monday morning, surpassing the more popular dog-themed coins in the process.



What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token jumped over 8% in the last 24 hours, becoming the most successful meme coin with a market valuation of more than $1 billion. The coin&#8217;s trading volume rose 11% to $464 million.



WIF's surge outperformed leading meme coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), which rose 3.87% and 2.28%, respectively, in the last 24 hours.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">From Warren Buffett&#8217;s Berkshire Hathaway To Jeff Bezos&#8217; Amazon — Bitcoin Is Now Outshining These Wall Street Titans</a>



Speculative interest in the coin rose, with Open Interest jumping 4.33% to $470 million in the last 24 hours, <a href="https://www.coinglass.com/BitcoinOpenInterest">per </a>Coinglass. Nearly 70% of all Binance traders with open WIF positions were positioned long as of this writing.



Meanwhile, moving averages, both exponential and simple, flashed "Buy" signals for DOGE as of this writing, <a href="https://in.tradingview.com/symbols/WIFUSD/technicals/">according </a>to TradingView. Conversely, the Moving Average Convergence Divergence momentum indicator, which compares two exponential moving averages of price, exhibited a bearish &#8220;Sell&#8221; signal.



WIF&#8217;s spike was part of the <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45603526/bitcoin-ethereum-rise-dogecoin-dips-after-trump-says-he-will-delay-50-tariffs-on-eu-analyst-sees-good-signs-for-btc-in-the-coming-week">broader market recovery</a> after President Donald Trump delayed tariffs on European Union imports by over a month.



Launched in November 2023, Dogwifhat is represented by a Shiba Inu dog wearing a pink knitted hat. The Shiba Inu theme has been deeply rooted in the meme coin space since Dogecoin&#8217;s launch.



Price Action:&nbsp; At the time of writing, WIF was exchanging hands at $1.26, up 46.74% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin has lost over 38% of its value.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45557864/jamie-dimon-is-no-fan-of-bitcoin-but-trumps-crypto-czar-made-an-attempt-to-change-the-jpmorgan-ceos-mind-using-this-narrative">Jamie Dimon Is No Fan Of Bitcoin, But Trump&#8217;s Crypto Czar Made An Attempt To Change the JPMorgan CEO&#8217;s Mind Using This Narrative</a></li>
</ul>



Image Via Shutterstock

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