Analysis: If the "Beautiful Law Act" is likened to a flood released for the COVID-19 pandemic, Bitcoin could potentially rise to $150,000
On July 4th, as per Cointelegraph which cited Kalshi analysis, due to the "Beautiful Bill," it is anticipated that by the conclusion of 2025, the U.S. national debt will rise dramatically to $40 trillion.
The analysis in the report stated that when Trump signed the COVID-19 relief bill at the end of 2020, BTC/USD witnessed a subsequent surge of 38% in the ensuing weeks.
Consequently, if a comparable price trend takes place after the "Beautiful Bill," Bitcoin will ultimately exceed $150,000.
7 minutes ago
Belgian Court Sentences Three Kidnappers Involved in Encryption Ransom Case to 12 Years in Prison
July 4th. As per Cointelegraph's report, the Criminal Court in Brussels, Belgium, has reached a ruling in a cryptocurrency-related kidnapping case. Three kidnappers were each sentenced to 12 years in prison for kidnapping the wife of local cryptocurrency entrepreneur Stéphane Winkel in December 2024 and demanding a cryptocurrency ransom. They are also obligated to pay at least 1 million euros in civil compensation to the victim.
The mastermind of the case remains at large. Although the victim was promptly rescued by the police, she endured severe physical and psychological trauma, resulting in the Winkel couple being compelled to move. Winkel is the founder of the crypto education platform Crypto Académie, and his YouTube channel has 40,000 subscribers. After the incident, he stated that he would modify his content strategy to center on security education instead of wallet operational demonstrations.
7 minutes ago
The UK publicly listed company Cel AI has spent approximately $678,000 to purchase around 6.18 bitcoins.
On July 4th, according to an official announcement, the UK-listed company Cel AI announced that as part of its continuous asset reserve diversification strategy, it has acquired 6.1794767 bitcoins at an average price of $109,791.00 per bitcoin, with a total investment of $678,450.93.
Previously, on June 30th, Cel AI raised £10 million in order to purchase bitcoin.
7 minutes ago
Public Company Hilbert Group Launches Comprehensive Cryptocurrency Fund Strategy with Bitcoin as Primary Reserve Asset
On July 4th, the digital asset investment company Hilbert Group AB (Nasdaq:HILB B) declared the commencement of a comprehensive crypto fund strategy, with Bitcoin serving as the primary reserve asset. The treasury strategy will be managed by a dedicated treasury committee, and the Chief Investment Officer Russell Thompson will act as the chairperson of the committee.
Hilbert is currently examining multiple competitive funding programs from institutional partners, which are intended to offer strong capital allocation capabilities for investors at various stages. (Access newswire)
7 minutes ago
Data: 66 Listed Companies Globally Have Purchased Cryptocurrency, with a total market value of the Crypto Concept stock at $2.18 trillion
On July 4th, the Crypto information platform BBX launched an encrypted concept stock data display platform. At present, the data indicates that the market value of encrypted concept stocks is $2.18 trillion. Corporate Bitcoin treasuries hold a total of 944,109.2 BTC. ETF asset under management reaches $1374.6 billion. Currently, there are 66 companies worldwide that have adopted 15 different cryptocurrencies as part of their strategic reserve funds.
7 minutes ago
Binance Appoints Gillian Lynch as Head of Europe and the UK, Who Previously Held Executive Roles at Gemini and an Irish Bank
On July 4th, according to official information, Binance has appointed Gillian Lynch as its Head of Business for Europe and the UK. Lynch will be in charge of the company's strategic expansion and regulatory partnerships in significant European markets.
Gillian Lynch has more than 20 years of leadership experience in fintech, banking, and digital assets. She has held senior positions at Gemini, Bank of Ireland, and Leveris. Before joining Binance, Gillian Lynch served as the CEO of Gemini Europe, supervising the company's business expansion in that area.
7 minutes ago