Bitcoin Could Surge to $200K This Year, Say Analysts—Here's Why

SharpLink Gaming's stock surged by nearly 26% after announcing the purchase of 7,689 ETH, totaling 205,634 coins worth over $527 million. The company also raised $64.2 million through its ATM facility during the same period.

Eigen Labs has laid off 25% of its employees to refocus on EigenCloud, a developer platform for verification, according to a report from Blockworks. The decision, reportedly not driven by financials, aims to streamline resources and leadership for long-term sustainability. Impacted employees received accelerated token vesting and three months' pay. The company recently raised $70 million from Andreessen Horowitz.

Trump Media and Technology Group has filed for a new ETF, the Truth Social Crypto Blue Chip ETF, which will include Bitcoin, Ethereum, Solana, Cronos, and XRP. The fund's shares, if approved, will be listed on NYSE Arca with Crypto.com as the digital assets custodian.

Volkswagen ADMT has partnered with Hivemapper's Bee Maps to enhance its self-driving operations with real-time mapping data collected by contributors. The collaboration aims to improve the accuracy of autonomous pick-ups and drop-offs by utilizing street-level imagery. This move reflects the increasing use of crowdsourced geospatial data in the autonomous ride-sharing industry.

Bitcoin's price volatility has hit historic lows, hovering near its all-time high. QCP Capital analysts caution about potential market fireworks in Q3 and Q4 due to current calmness. BlackRock's iShares Bitcoin Trust has seen significant inflows, holding 3.52% of Bitcoin's circulating supply.

Robinhood's CEO, Vladimir Tenev, plans to tokenize thousands of private companies' stocks, following the controversy over OpenAI and SpaceX tokens. Tenev aims to provide retail investors access to these stocks via Robinhood's Ethereum layer-2 network.

Ego Death Capital has closed its second $100 million fund to invest in software companies on the Bitcoin protocol, focusing on Series A investments in Bitcoin-native firms with positive cash flow. The fund's investors are Bitcoin-aligned family offices seeking exposure to revenue-generating businesses in the Bitcoin space.

Raymondip Bedi and Patrick Mavanga have been sentenced to a combined total of 12 years for defrauding at least 65 investors by cold-calling victims to sell fake crypto investments. The case is part of UK authorities' efforts to combat financial crimes involving digital platforms.

BlackRock's iShares Bitcoin Trust (IBIT) has amassed over 700,000 BTC, valued at nearly $75.6 billion, making it the third most profitable fund at the asset manager. The fund has been rapidly growing since its debut in January 2024, outperforming other U.S.-listed Bitcoin ETFs.