Growing institutional demand could propel Bitcoin to an all-time high of $140,000, says MEXC COO.
Cryptocurrency News
The full breakdown of James Wynn’s $1B Bitcoin positions — and how it all fell apart [btcmanager]
What happens when Bitcoin doesn’t follow the script, and a trader like James Wynn is already deep into a leveraged bet he can’t easily escape? James Wynn Bitcoin trade spirals into a $60M wipeout James Wynn, a well-known high-leverage crypto…
Bitcoin bulls start Memorial Day blitz on $110K — Will spot follow when US markets open? [cointelegraph]
Key takeaways:
Bitcoin price is capped at the $110,000 level due to sellers and a decrease in spot volumes. Leverage use is driving current rallies into this resistance level.
Traders are watching today’s volumes to see if emerging intraday trends are followed at the US open on May 27.
Bitcoin (BTC) price staged a mild recovery over the weekend, but gains above $110,000 are being capped by selling. Data from Glassnode shows “net distribution” (selling) from the cohort holding more than 10,000 Bitcoin, but cohorts below this level have continued to accumulate.
Trend accumulation score. Source: X / Glassnode
The spot and futures cumulative volume delta at Binance exchange reflect persistent selling when BTC price approaches the $110,000 level.
BTC/USDT 4-hour chart CVD (spot and futures). Source: TRDR.io
The Sunday (May 25) futures market-driven surge back to $110,000, following US President Donald Trump’s announcement that EU Commission President Ursula von der Leyen had contacted him, suggesting a roughly one-month extension to delay the 50% EU tariffs that were slated to start on June 1.
President Donald Trump. Truth Social
Compared to last week’s data funding rates have cooled, especially at Hyperliquid (orange line), where trader James Wynn alternated between a $1.2 billion 40x long position and a $500 million leveraged short position, both of which are now closed.
Bitcoin funding rates at exchanges. Source: Velo
In terms of taking out the resistance seen at $110,000, flows could possibly remain suppressed as US markets are closed for the Memorial Day holiday, so the daily open market demand seen by the spot Bitcoin ETFs, which accounted for $8.36 billion in BTC purchasing since the start of April, are paused for the day.
Spot Bitcoin ETF netflows. Source: SoSoValue
Liquidation heatmap data crypto analytics platform TheKingfisher shows margin traders are overweight on the long side, with the potential for liquidations starting below $109,000 to $107,000.
Bitcoin short-term liquidation map data: Source: X / TheKingfisher
On the other hand, CoinGlass data hints that a BTC price push through the $110,000 resistance could trigger a short liquidation that could quickly result in a rally to $114,000.
CoinGlass BTC/USD liquidation map: Source: CoinGlass
In terms of the purely technical-focused price outlook for the week, traders are likely watching today’s price action to see if any futures and spot CEX market upside is followed by bullish flow into the March 27 equities and TradFi crypto markets open.
Related: BTC price seeks $155K ‘trigger’ — 5 things to know in Bitcoin this week
As things currently stand, a block of asks can be seen at $114,000 and $119,000 at Coinbase Pro, while bids start at $104,000 and intensify as the price draws closer to $102,000-$100,000.
BTC/USD Coinbase 4-hour chart. Source: TRDR.io
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.
Decentralized AI could be ‘bigger than Bitcoin’ — DNA Fund CEO Chris Miglino [cointelegraph]
Some of blockchain’s earliest adopters are now deeply “entrenching” themselves in decentralized AI, with ecosystems like Bittensor (TAO) emerging as growth engines. These platforms are reshaping traditional venture capital models, enabling the best ideas to organically attract community support, staking and liquidity without the need for institutional gatekeepers.
That was one of the key takeaways from Cointelegraph’s interview with Chris Miglino, the co-founder and CEO of DNA Fund, a digital asset investment firm he runs alongside fellow serial entrepreneurs Brock Peirce and Scott Walker.
DNA Fund manages, among other things, five distinct funds across a range of strategies, such as a high-yield fund, an algorithmic trading fund, an AI compute fund, a liquid token fund and a venture fund — serving both company and investor capital.
DNA Fund CEO Chris Miglino, right, and Cointelegraph’s Sam Bourgi at a DNA House event in Toronto, Canada. Source: Cointelegraph
Miglino, who hosted Cointelegraph at a DNA House event during the Consensus conference in Toronto, Canada, was particularly excited about the firm’s AI compute fund.
“The biggest thing that we’re working on in the whole ecosystem is our AI compute fund, where we’ve been entrenched into the TAO ecosystem,” said Miglino, referring to Bittensor, a decentralized, open-source machine learning network.
Bittensor’s backers say the network stands out for its subnets, which enable specialized, incentive-based marketplaces built around a specific AI or machine learning use case.
DNA Fund is “actively mining on different subnets,” having committed roughly $50 million worth of compute to the TAO ecosystem, Miglino said.
“We’re willing and ready to talk to anybody that wants to launch inside that ecosystem,” he said.
A snapshot of Bittensor subnets. Source: Taostats
Related: The next frontier for crypto will be decentralizing AI
“Decentralized AI is consuming everything we’re doing”
Decentralized AI — the framework for developing and deploying artificial intelligence systems across a distributed network rather than a centralized authority — is currently the main focus at DNA House, Miglino said.
It’s “consuming everything we’re doing,” he said.
For Miglino, this paradigm has the opportunity to be “bigger than anything that’s ever existed […] I think it has the opportunity to be bigger than Bitcoin.”
While that may appear as a herculean task, given Bitcoin’s (BTC) $2.1 trillion market cap and status as the first successful decentralized monetary system of the information age, technologists broadly agree that AI will profoundly reshape human society.
The AI takeover will become more apparent by the 2030s, when the technology is projected to become the world’s valuable tech sector. Source: United Nations Trade and Development
DNA House is betting that ecosystems like Bittensor will drive that transformation in a decentralized way by offering developers the ability to launch businesses without having to raise outside capital:
“Develop on the ecosystem, get validators that believe in your idea, [and] that’ll attract the miners and the validators together and all of a sudden you’re in business. You don’t need to go out and raise a ton of money from a bunch of VCs.”
The idea that AI’s future will be decentralized is far from fringe. One of the earliest pioneers of artificial general intelligence, Ben Goertzel, told Cointelegraph that he realized the need for decentralization in AI as far back as the early 1990s, before even writing his first line of AI code.
Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
Bitcoin vs Strategy stock: which is the better buy? [btcmanager]
Bitcoin price has experienced a strong rally over the past 16 years, outperforming the stock market and becoming the fifth-largest asset globally, behind gold, Microsoft, NVIDIA, and Apple, with a valuation of $2.1 trillion. Bitcoin (BTC) has surged over 1,000%…
EOS price jumps 8%; can bulls reclaim $1 this time? [btcmanager]
EOS price jumped nearly 8% in 24 hours to hit highs of $0.78 amid a broader market uptick and ongoing sentiment around its token swap and Vaulta rebrand. The price of EOS (EOS), the native token of the Vaulta Network…
Dogecoin to Solana bridge a ‘big big opportunity for both,’ says Psy CEO [btcmanager]
In an interview with crypto.news, Psy CEO explains the recent launch of its company’s bridge from Dogecoin to Solana.
The ruble-backed stablecoin A7A5 passes audit, fully backed [btcmanager]
A7A5, a ruble-pegged stablecoin launched under Kyrgyzstan’s crypto laws, has passed an independent audit confirming full fiat backing, setting a new transparency benchmark.
Musk confirms X Money beta testing ahead of planned 2025 launch [cointelegraph]
X Money, the payment and banking app tipped by Elon Musk in 2022 after he acquired Twitter, has started beta testing, Musk confirmed in an X post on May 25.
Tesla Owners Silicon Valley, a fan X account focused on Elon Musk and Tesla, took to X on May 25 to report that Musk has confirmed that X is “launching X Money soon.”
Source: Elon Musk
The billionaire businessman subsequently jumped on the X thread to confirm the news, writing that the test will be a “very limited access beta at first.”
“When people’s saving are involved, extreme care must be taken,” he wrote.
X Money expects to launch in 2025
Musk’s confirmation comes amid X Money’s planned launch this year, according to the platform’s X account.
Source: X Money
Musk’s silent confirmation of X Money trials followed a series of reports suggesting the platform may launch this year based on alleged software code leaks in January.
X has been actively working to obtain multiple transmitter licenses for X Money across the United States, having secured 41 such licenses at time of publication, according to the Nationwide Multi-State Licensing System.
X Money plans date back to 2022
Some of the early public indications of Musk’s plans to integrate payments into X date to October 2022, when Musk referred to his $44 billion Twitter acquisition as “an accelerant to creating X, the everything app.”
In 2023, Twitter rebranded to X, with CEO Linda Yaccarino disclosing that the social media app planned to feature “unlimited interactivity,” support multiple media formats, and feature payments and banking. At the time, many speculated that the platform would likely support cryptocurrencies like Bitcoin (BTC).
The payment platform was reportedly expected to be launched in mid-2024.
Related: OpenAI is building ‘X-like social network’ to rival Elon Musk — Report
The platform apparently gathered more steam with US President Donald Trump taking office in January and appointing Musk as the head of the Department of Government Efficiency’s Workforce Optimization Initiative (DOGE).
Heavily involved in administration through DOGE, Musk quickly received pushback from US officials like US Democratic Senator Elizabeth Warren, who criticized X’s payment platform plans in February.
“Musk has lost money hand over fist on X. So he has this idea of X becoming a big money platform where he would get everyone’s personal financial data,” Warren said, referring to Musk’s efforts to dismantle her agency, the Consumer Financial Protection Bureau.
Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
BlackRock issues rare warning: Is Bitcoin’s future at risk from quantum tech? [cointelegraph]
BlackRock Bitcoin warning
In a rare move, BlackRock has quietly added a new line to its iShares Bitcoin Trust (IBIT) filing — and it is turning heads. The update, submitted in early May 2025, flags quantum computing as a potential risk to Bitcoin’s long-term security.
The filing specifically warns that if quantum tech advances far enough, it could break the cryptographic systems that secure Bitcoin.
In their words, it could “undermine the viability” of the cryptographic algorithms used not just in digital assets but across the global tech stack.
It’s the first time you’ve seen the world’s largest asset manager call out this threat so directly in a Bitcoin-related disclosure, and it says a lot about how seriously institutional players are starting to take future-proofing crypto.
Yes, exchange-traded fund (ETF) risk disclosures tend to be exhaustive by nature. But the fact that quantum computing made the cut (alongside more common concerns like volatility and regulatory shifts) suggests it’s no longer just a hypothetical issue in the eyes of big finance.
For investors, this signals two things: first, that Bitcoin isn’t immune to emerging tech threats, and second, that institutional players like BlackRock are actively weighing those risks as they build long-term strategies in crypto.
The message is clear: If the industry wants to stay ahead, preparing for a post-quantum world can’t wait.
Did you know? As of early 2025, BlackRock manages over $11.6 trillion in assets, making it the largest asset manager globally. To put that in perspective, BlackRock’s assets under management exceed the combined GDP of Germany and France.
Bitcoin quantum risk: Is it real?
Quantum computers work differently from the laptops and servers we use today. Instead of crunching numbers one at a time, they can process huge numbers of possibilities at once. That makes them incredibly powerful — especially when it comes to cracking codes.
Bitcoin’s security relies on two major cryptographic systems: SHA-256 and ECDSA. In plain terms, these are the tools that secure your Bitcoin address and make sure only you can authorize transactions. They’ve worked flawlessly for years, but quantum computers could change that.
Here’s the worry: A powerful enough quantum computer might be able to reverse-engineer your private key from your public address, especially during that short window after you’ve broadcast a transaction but before it’s confirmed on the blockchain. If that ever became possible, someone could hijack your transaction and steal your coins.
That sounds dramatic, but it’s not an immediate threat. Most researchers agree they’re still at least 10-20 years away from quantum machines that could actually pull this off. The tech just isn’t there yet — not at the scale or stability needed to break Bitcoin’s cryptography.
Still, the warning signs are flashing. Roughly a quarter of existing Bitcoin (BTC) sits in older wallet formats that could be more vulnerable if quantum leaps happen faster than expected. And even if the timeline is long, the crypto community knows it has to act early. Work is already underway on post-quantum cryptography, which is a security system that could stand up to the next generation of computing.
Did you know? Quantum computers can, in theory, solve certain problems exponentially faster than classical computers. For instance, Google’s Sycamore processor completed a specific task in 200 seconds, whereas it would take even the most advanced classical supercomputers approximately 10,000 years to finish.
Is Bitcoin safe from quantum computing?
While quantum computing still feels like a future problem, the crypto industry is already gearing up for it, and the efforts underway are more serious than most people realize.
What Bitcoin’s doing (and not doing yet)
Changing the protocol behind a blockchain is never simple; you need broad consensus, careful testing and a long lead time. But that hasn’t stopped developers from floating ideas regarding Bitcoin.
One of the most talked-about proposals is something called QRAMP, the Quantum-Resistant Address Migration Protocol. The idea is to push users to move their coins from older, potentially vulnerable wallet formats into addresses protected by newer, quantum-safe algorithms. It would require a hard fork, so it’s no small lift, but it’s a serious plan to future-proof the network before a so-called “Q-Day” sneaks up.
Who’s already ahead?
Some blockchains aren’t waiting around. Algorand, for example, has already integrated Falcon, a post-quantum digital signature algorithm that’s been officially vetted by the US National Institute of Standards and Technology (NIST). That means transactions on Algorand are already being backed by encryption that could hold up even if quantum machines go live tomorrow.
The Quantum Resistant Ledger (QRL) is another big one. It was built from day one with this threat in mind, using XMSS (a hash-based signature scheme) instead of traditional cryptography. It’s not a major player in market cap terms, but it’s one of the most advanced projects in terms of pure security design.
Why it’s not easy
Of course, none of this is simple to implement. Quantum-safe cryptography often comes with trade-offs. Algorithms like Falcon are compact and efficient, but they still require more computing resources than traditional ones.
Moreover, switching everyone — miners, exchanges, wallet apps and individual users — to a new cryptographic standard could be a logistical nightmare unless it’s planned years in advance.
Plus, there’s a delicate balance to strike. Move too soon, and you risk breaking things or relying on tech that isn’t battle-tested. Wait too long, and you’re exposed.
That’s why many in the space are eyeing a 10-to-20-year window as a rough estimate for when quantum computing becomes a real threat. But even then, nobody wants to be the last to prepare.
Bitcoin’s future and quantum computing
If there’s one lesson from quantum conversation so far, it’s this: Being early matters. When it comes to tech that could one day rewrite the rules of digital security, waiting around just isn’t an option.
So, what does preparation look like?
For developers, it starts with testing and integrating quantum-resistant algorithms into existing systems. Some are already experimenting with “hybrid” approaches, using both traditional and post-quantum cryptography side by side, so networks aren’t caught off guard if (or when) Q-Day arrives.
For crypto businesses — exchanges, custodians and wallet providers — the job is twofold: Make sure your infrastructure is future-proof, and make sure your users know what’s coming. Education and UX will play a huge role here. Migrating keys and updating protocols isn’t something the average holder can or should do alone.
And then there’s the regulatory side — maybe not the most exciting part of crypto, but an absolutely critical one in this context.
You are already seeing movement: The NIST finalized several post-quantum cryptographic standards in 2024. That gives the industry a starting point, a common language to build around. But what’s still missing is a clear regulatory push that says, “Here’s how and when this should happen.”
Good policy here wouldn’t mean clamping down on innovation — it would mean supporting it. Think: funding open-source research, incentivizing post-quantum upgrades and creating frameworks that help institutions adopt secure standards without killing momentum.
Did you know? The US government began preparing for the quantum threat as far back as 2016, and in 2024, the NIST’s move was sparked by growing fears that quantum computers could one day break the encryption protecting everything from Bitcoin to national security infrastructure.
A slow burn
BlackRock didn’t need to bring up quantum risk in its ETF filing — but it did. And when a company of that size puts it in writing, it turns vague rumors into something much more real.
The transition to a quantum-resistant crypto world isn’t going to happen overnight. It’ll be messy, slow and full of tough technical choices. But it has to happen.
Finally, waiting until quantum computers are actively breaking SHA-256 in the wild would already be too late.