Arthur Hayes, co-founder of BitMEX, is hosting a crypto event called “Risk It All” in Las Vegas on May 28, 2025, as he hopes that Bitcoin reaches $150k. The event is likely to bring together traders, builders, and investors in a fun setting to dance, talk, and see where crypto goes next.
Hayes recently said that Bitcoin will hit $1M by 2028. He pointed to U.S. Treasury buybacks, the rising institutional adoption, and stronger macro tailwinds as key drivers. His call joins other bullish views that see BTC climbing as regulation settles and ETFs gain traction.
Bitcoin traded near $99,700 on May 8, showing strength after a volatile start to the month. Amid the BTC rally, Arthur Hayes’ expectations seem to have skyrocketed. His Las Vegas event announcement comes at a moment when many are watching the developments in the US legislature and trade talks very closely.
Hayes posted the invite on X, saying, “Let’s dance degens to $BTC hitting $150,000 by month end.” The open invitation specifically invites bold, high-risk-taking traders, commonly known as ‘degen’ in crypto lingo.
“Risk It All” isn’t just a party. Hayes wants the room full of people who’ve “bet big and thought bigger.” The actual location has been marked as ‘secret’, and the event page says, “Your registration is subject to approval by the host.”
Whether or not Bitcoin hits $150K, the Vegas meet-up is likely to capture the mood of a market ready ready bet high and go ‘max-bullish’.
The post Arthur Hayes Throws Bash in Vegas, Eyes Bitcoin $150K Target appeared first on CoinGape.
]]>Cardano Founder Throws Shade At Solana, Says Sui Is Better CoinGape
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The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties.
Jan van Eck, CEO of investment firm VanEck, recently cast a shadow of doubt on the possibility of SEC approval for spot Ether ETFs in May. In a CNBC interview, van Eck expressed his belief that their application would likely be rejected, citing a complete lack of communication from the regulatory body.
This sentiment finds an echo in the words of Eric Balchunas, a Senior Bloomberg ETF analyst, who has significantly downgraded his odds of approval to a mere 35%. Balchunas attributes this pessimism to the ongoing “radio silence” between the SEC and fund issuers.
Nice scoop from @joelight. Def interesting but no change our odds. As we’ve said, need SEC to give comments on the filing documents (the “critical feedback” he mentions) and that still ain’t happening, even in person they offering nothing. Silence is violence. https://t.co/z76KTtdmHU
— Eric Balchunas (@EricBalchunas) April 8, 2024
Ethereum ETF Applications Languish In SEC Limbo
The SEC’s lack of response extends beyond van Eck’s application. Seven other proposals for spot Ether ETFs are currently gathering dust, with no indication of progress. This regulatory purgatory is fueling skepticism among industry commentators. CoinShares CEO Jean-Marie Mognetti believes that approval for any of these applications is unlikely “this side of the year,” further amplifying the prevailing uncertainty.
Ethereum is now trading at $3561.8. Chart: TradingView
The current roadblock for Ethereum ETFs stands in stark contrast to the success story of Bitcoin ETFs. The SEC’s green light for Bitcoin ETFs offered a glimmer of hope for the cryptocurrency market. Van Eck highlights the growing interest in Bitcoin as a “maturing asset class,” with significant untapped investor demand.
Notably, VanEck’s own spot Bitcoin ETF, known by the ticker HODL, has witnessed significant inflows since its launch in mid-January, signifying a strong investor appetite for crypto exposure.
Lack Of Clarity Creates Murky Investment Landscape
The lack of interaction from the SEC is a major concern for James Seyffart, another analyst in the field. He emphasizes that “zero comments or interactions from the SEC is a bad sign.” This sentiment suggests a troubling trend in the approval process, further dampening hopes for a swift resolution on the Ethereum ETF front.
Despite the current cloud of uncertainty surrounding Ethereum ETFs, the cryptocurrency market continues to experience growth and gain wider acceptance. This indicates that opportunities for investment diversification in the digital realm are on the rise.
However, until the SEC sheds light on its stance, investors and industry stakeholders will be forced to navigate a landscape fraught with uncertainty and intense regulatory scrutiny.
The path forward for Ethereum ETFs remains shrouded in doubt. The SEC’s silence is deafening, and industry leaders are bracing for potential rejection. With a lack of clear communication and mounting skepticism, investors are left facing a blank wall, waiting for a sign from the SEC.
Featured image from Micoope, chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Cardano’s Founder Throws Jab at Solana Over Recent Outage Crypto Times
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Polygon, the popular Ethereum scaling platform, has been broadening its ecosystem. The protocol announced today that it is committing $100 million to promote the development and adoption of Supernets, its application-specific blockchains with higher performance.
What are Polygon’s Supernets?
Supernets are Polygon’s latest addition to its multi-chain L1 blockchains powering ecosystem. In a blog post, the Polygon team explains the key features of Supernets.
Supernets are powered by Polygon Edge, a modular blockchain stack that enables the building of custom-made blockchain networks. Supernets take on these characteristics, added with higher performance.
The team noted that Supernets can be built to run a specific application, project, or use case while being secured by the Polygon protocol, maintained by certified partners, and receiving further upgrades from the Polygon Edge architecture. Supernets are also compatible with each other and the Ethereum blockchain by default.
The $100 million funding the protocol is providing is the support projects that will build on the new framework.
“We envision Polygon as a massively scalable, interconnected multi-chain system, and we are announcing a $100M fund to ignite this vision,” the team said.
Interested project teams can apply for funds to aid their R&D, project onboarding, liquidity mining, third-party integration, and acquisition while building a Supernet.
Polygon’s rapidly growing ecosystem and MATIC
Before the emergence of Supernets, there were already over 20 projects building on Polygon Edge which first launched last year. Similarly, the rest of the Polygon ecosystem is rapidly expanding.
Polygon ecosystem projects recently reached over $1,446 with DeFi platforms, NFT projects, and gaming dominating their number. The protocol also recently announced a $20 million commitment to use in driving the blockchain to become Carbon negative this year.
MATIC, the native token of the Ethereum-compatible blockchain ecosystem, has traded like the rest of the crypto market. MATIC is trading at around $1.40, down 4.2% in the last 24 hours. The current price marks a 52% drawdown from its all-time high price of $2.91 reached in December last year.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Twitter Inc (NYSE:TWTR) and Square Inc (NYSE:SQ) CEO Jack Dorsey sent out a cryptic tweet Thursday, which caught the attention of Dogecoin (CRYPTO: DOGE) community.
What Happened: Dorsey simply tweeted “Wow.”
Wow
— jack (@jack) August 6, 2021
greg, now a legendary meme Twitter handle with the Dogecoin community, replied with his own version.
While one commentator noted the depth of the conversation.
This is the commentary we come here for!
— SBA (@SadBillAckman) August 6, 2021
Meanwhile, Tesla Inc. (NASDAQ:TSLA) Elon Musk responded with his own strange tweet that may have meant he wanted to engage with Dorsey via direct messages on Twitter.
DMTwitter
— Elon Musk (@elonmusk) August 6, 2021
DOGE traded unchanged at $0.20 at press time. The Shiba Inu-themed cryptocurrency is down 3.21% for the week.
Why It Matters: Dorsey’s latest tweets touched on The Wydens-Lummis-Toomey amendment which aims to add clarity on the infrastructure bill under debate in the Senate.
See Also: Crypto Lobbying Wins Infrastructure Bill Amendment: Blow To Industry Avoided?
The CEO also touched on a non-custodial wallet that Square wants to build and asked his following to help in those efforts.
The “Wow” could have been a reference to any of those earlier tweets. In Dogecoin parlance, Wow is also used with a modifier to make memes and it could be an insinuation to that practice. Examples include, “Such Speed, Much Wow,” “Such Popularity, Much Wow,” and “Such Freedom, Much Wow.“
wow
— Shibetoshi Nakamoto (@BillyM2k) August 2, 2021
As of press time, no further clarity was available on what Dorsey meant exactly.
Read Next: This Cryptocurrency Gave The Best Returns In July, And No — It’s Not Dogecoin Or Any Meme Coin
In brief:
- In a recent tweet, the team at BitTorrent (BTT) has highlighted why the BTFS file system is better than Filecoin (FIL).
- The teams behind both projects have been throwing jabs at each other ranging from accusations of plagiarism and going as far as claiming the other is ‘vaporware’.
- Filecoin’s (FIL) Mainnet is set to be launched between mid-July and mid-August.
In a recent tweet, the team at BitTorrent (BTT) highlighted why its BTFS file system is better than Filecoin (FIL). The tweet showcased how the BTFS system has more to show than Filecoin that is yet to launch its mainnet after several postponements. The lack of Filecoin having a functional product is the focal point of the debate as to which is better. The full tweet by BitTorrent made 8 comparisons that can be found below.
Why #BTFS is better than #Filecoin?
1⃣ Integrated with $BTT economy
2⃣ #TRON network
3⃣ 100M user base
4⃣ Simple and intuitive Host UI
5⃣ Mainnet launched
6⃣ #BitTorrentSpeed、#DLive
7⃣ Active community
8⃣ Dedicated global professional teams#BTT @justinsuntron @OfficialDLive pic.twitter.com/eY3KSQVE5H— BitTorrent Inc. (@BitTorrent) May 4, 2020
Previous Tweef Between Filecoin (FIL) and BitTorrent (BTT)
The recent tweet by BitTorrent is a follow up of a Tweef that transpired in mid-April between Justin Sun and Juan Benet of Filecoin (FIL). Benet was the first to point out that BTFS’ new logo looked like it had been plagiarized. His remarks alluded to the fact that Justin Sun and the Tron Foundation have been accused of borrowing ideas from other open-source projects.
Aaaaaahahaha it’s not enough to fork all our code, rebrand it and lie its theirs; copy paste random chunks of our papers, and defraud their investors with a nonsensical mishmash. Tron also can’t even think of an original logo.
Justin Sun was quick to respond to the accusations by asking if the hexagon shape on the new BTFS logo was owned by Benet. Sun went on to accuse Filecoin of copying BitTorrent’s technology. Additionally, he slammed the project as being ‘vaporware’ with no functional product.
Filecoin’s (FIL) Mainnet Launch in 2020
Both the Filecoin and Tron ICOs were carried out in September of 2017. However, Tron has a wide range of achievements under its belt more than Filecoin. As earlier mentioned, the key to the whole discussion is that Tron launched its mainnet in mid-2018 and Filecoin has yet to launch its final version of the platform. At the time of writing this, Filecoin has set its mainnet launch for mid-July to mid-August this year.
(Feature image courtesy of Hermes Rivera on Unsplash.)
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.