The Block
Bernstein analysts have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025.The analysts also initiated coverage on MicroStrategy stock with an outperform rating, targeting a price of $2,890.
Quick Take Crypto hardware wallet manufacturer Trezor has rolled out its new flagship Safe 5 hardware wallet, including a bitcoin-only version. The firm also launched its Trezor Expert onboarding service, providing one-to-one sessions with customers to get set up with its crypto cold-storage devices.
Zapper introduced a new protocol aims to make on-chain data more accessible to users. It has also planned a ZAP token for the fourth quarter of this year.
Bitcoin’s inability to break out past the $60,000 mark — coupled with gold reaching an all-time high — reflects a propensity for risk aversion in the market, according to Bitfinex analysts.The price of gold climbed to a fresh all-time high on Monday, as rising bets for a 50 basis-point Fed rate cut this week act as a tailwind on the safe-haven asset.
The U.S. spot bitcoin ETFs reported $226 million in net outflows on Thursday.Fidelity’s FBTC saw net outflows of $106 million, its second largest since debut.
Quick Take Ledger is partnering self-custody wallet provider Exodus on a new crypto swap aggregator called XO Swap.
Quick Take Riot now owns 57.62 million shares of Bitfarm, or about 14%. Earlier this week, Bitfarms adopted a “poison pill” to prevent possible takeover from Riot Platforms.
Quick Take Ripple, which has been in a lengthy legal battle with the SEC over the last few years, said financial penalties proposed by the agency were unreasonable, in a “notice of supplemental authority,” posted on Thursday. Ripple compared the SEC’s proposed fines against it to those against Terraform Labs.
Quick Take UwU Lend has established a bounty worth $5 million in ETH for “the first person to identify and locate” the exploiter. The protocol had offered to let the exploiter keep 20% of the stolen funds if they returned the remaining 80%, which the culprit did not do.
