<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Sun, 31 May 2026 07:50:47 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[Cardano's Shocking Revenue: Only $352K in 2026 Despite $8.2B Market Cap – What's Wrong?]]></title> <link>https://www.bitcointoday.app/article/cardanos-shocking-revenue-only-352k-in-2026-despite-82b-market-cap-whats-wrong</link> <guid>cardanos-shocking-revenue-only-352k-in-2026-despite-82b-market-cap-whats-wrong</guid> <pubDate>Sat, 30 May 2026 20:01:23 GMT</pubDate> <description><![CDATA[**Charles Hoskinson’s Cardano** has generated a mere **$352,000 in revenue in 2026**, despite boasting a massive **$8.2 billion market cap**. This staggering disparity raises serious questions about the project's fundamentals and real-world adoption. ## The Numbers Don't Lie Cardano (CRYPTO: ADA) continues to struggle this year, with its on-chain activity and fee generation falling far short of expectations. The revenue figure represents the total fees collected from transactions, highlighting a lack of network usage. ## Market Cap vs. Revenue With a market cap of $8.2 billion, Cardano's annual revenue of $352,000 implies a **price-to-sales ratio of over 23,000**, making it one of the most overvalued assets in crypto. For comparison, Ethereum generates billions in fees annually. ## What This Means for Investors This data point underscores the **speculative nature** of many crypto projects. Without meaningful usage, high market caps may not be sustainable. Investors should focus on **fundamentals like revenue, active users, and developer activity** rather than hype. The article notes that Cardano's ecosystem has yet to see widespread adoption, with its smart contract capabilities still underutilized. This raises concerns about the project's long-term viability.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>cardano</category> <category>ada</category> <category>revenue</category> <category>valuation</category> <category>crypto</category> <enclosure url="https://cdn.benzinga.com/cdn-cgi/image/width=1200,height=800,fit=crop/files/images/story/2026/05/30/Cardano-Cryptocurrencies-And-Graph-Stati.jpeg" length="0" type="image/jpeg"/> </item> <item> <title><![CDATA[Why Bitcoin Is Slumping Despite Gold and Nasdaq Rallying – Strategy's Absence Explained]]></title> <link>https://www.bitcointoday.app/article/why-bitcoin-is-slumping-despite-gold-and-nasdaq-rallying-strategys-absence-explained</link> <guid>why-bitcoin-is-slumping-despite-gold-and-nasdaq-rallying-strategys-absence-explained</guid> <pubDate>Fri, 29 May 2026 14:01:08 GMT</pubDate> <description><![CDATA[Bitcoin's price continued its slide on Thursday, even as the Nasdaq and gold rallied, while the U.S. dollar and Treasury yields fell. So what's ailing the cryptocurrency? The key factor is that **ETF outflows** haven't been countered by **Strategy**'s (MSTR) on-again, off-again buying binge. There have been seven weeks this year during which Strategy bought more than $1 billion worth of bitcoin, including three weeks with buys over $2 billion. That kind of support might have offset outflows from bitcoin ETFs, including the iShares Bitcoin Trust ETF (IBIT). Those outflows totaled **$1.29 billion** over the past three days, according to CoinGlass. As Strategy did last week, the biggest bitcoin whale is continuing to sit on the sidelines this week. The risk is that Strategy's buying power may remain muted for a while. Meanwhile, Strategy is likely issuing more shares of MSTR common stock this week to make a roughly **$90 million dividend payment** due at the end of May. ## Strategy Can't Stretch Just two weeks ago, Strategy bought **$2 billion** worth of bitcoin. But its buying power abruptly faded. Issuance of its **Stretch preferred stock (STRC)** is one of Strategy's two big guns for financing bitcoin purchases. The other is issuance of new MSTR shares. Strategy issues both types of shares through at-the-market offerings. When STRC trades at **100 or higher**, Strategy revs up its bitcoin purchases. It did so in mid-May, powered by $1.95 billion worth of STRC issuance. However, STRC fell back below par value on May 15. So Strategy stopped issuing more preferred shares and ended its buying binge. As of Thursday afternoon, STRC had fallen to **98.57**, suggesting it could be a while before the preferred shares are able to fuel more purchases. It's possible that STRC will get back to 100 in time for the **June 15 record date** for next month's payment of the 11.5% annual dividend. If that doesn't happen, it could be an ominous sign. ## No MSTR Big Shot Strategy could finance bitcoin purchases by issuing more MSTR stock, but that's unlikely at the moment. One reason is that Strategy prefers to buy when there's a **tailwind**. Otherwise there's a bigger risk that its purchases will do relatively little to boost the bitcoin price and the value of Strategy's holdings, so the extra MSTR issuance could drive its own stock price lower. However, the primary reason that MSTR is sidelined this week has to do with Strategy's focus on increasing its **bitcoin-per-share ratio**. Based on the current bitcoin price of around **$73,500**, purchasing more bitcoin through MSTR share sales would slightly reduce the bitcoin per share ratio. Strategy's stock price would have to rise about **7%** from here, with the bitcoin price staying neutral, for MSTR-financed purchases to be neutral for the ratio. If MSTR rises more than 7%, purchases would increase bitcoin per share. Strategy founder **Michael Saylor** believes that increasing bitcoin per share will allow MSTR to rise faster than bitcoin itself. However, staying true to that metric is probably a negative for the bitcoin price at the moment. And the price is weighing on Strategy's own stock price. ## MSTR, Bitcoin MSTR fell **1.7%** to 151.64 on Thursday, bringing its loss to **5.2%** on the week. Strategy shares edged up 0.2% early Friday. The iShares Bitcoin Trust ETF fell **2.1%** to 41.56, the lowest level since April 16. Through Thursday, IBIT is down 3.3% on the week as the bitcoin price has pulled back. Meanwhile, the SPDR Gold Shares ETF (GLD), which tracks the gold price, rose **1.05%** on Thursday, cutting its week-to-date loss to 0.25%. GLD is continuing to outperform IBIT early Friday, rising 0.7% to the bitcoin price ETF's 0.1% gain.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>strategy</category> <category>mstr</category> <category>etfoutflows</category> <category>marketsentiment</category> <enclosure url="https://www.investors.com/wp-content/uploads/2025/11/Stock-strategy-BitcoinMrkt-adobe.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Set to Crash? $150 Billion Treasury Drain Could Spark Massive Selloff, Warns Fund Manager]]></title> <link>https://www.bitcointoday.app/article/bitcoin-set-to-crash-150-billion-treasury-drain-could-spark-massive-selloff-warns-fund-manager</link> <guid>bitcoin-set-to-crash-150-billion-treasury-drain-could-spark-massive-selloff-warns-fund-manager</guid> <pubDate>Thu, 28 May 2026 07:01:08 GMT</pubDate> <description><![CDATA[## Bitcoin's Price May Plunge Further as $150 Billion Liquidity Drain Looms A prominent fund manager is sounding the alarm: **Bitcoin's ongoing selloff could deepen** as upcoming U.S. Treasury operations are expected to drain roughly **$150 billion in liquidity** from the financial system. > "In my experience, Bitcoin tends to be a better liquidity indicator than most other instruments. If the Treasury settlements are a drain on liquidity, then Bitcoin could be heading much lower," said **Michael Kramer**, founder and CEO of Mott Capital Management. ### How Treasury Operations Affect Bitcoin The U.S. Treasury regularly issues bonds and bills to finance government spending. When the Treasury sells new securities, it receives cash from investors, which is then moved into the Treasury's account at the Federal Reserve. This process **pulls liquidity out of the banking system**, reducing cash available for other investments. These periodic settlements can create **temporary but meaningful liquidity drains**, especially during heavy issuance periods. ### The Upcoming Liquidity Drain Schedule According to Kramer, Treasury operations from May 28 to June 5 could result in a roughly **$150 billion liquidity drain**, including: - $15 billion in T-bills settling on Thursday - $47 billion in coupon settlements on Friday - $68 billion on Monday - $16 billion in T-bill settlements on Tuesday - Another T-bill settlement on June 4 estimated between $5 billion and $15 billion ### Early Signs of Pressure Markets, including crypto, tend to perform best when liquidity is abundant. When cash is pulled from the system, even temporarily, investors often turn more cautious, reducing appetite for risk assets like bitcoin. Early signs of this pressure are already visible: **Bitcoin has dropped about 11%** since hitting highs above $82,500 earlier this month and was trading near **$73,000** at press time. Kramer notes that the recent breakdown of key support near **$75,000** is a clear signal that liquidity conditions are tightening. ### The Bigger Picture While this doesn't guarantee a deeper decline, it underscores an important point often overlooked in crypto circles: **Bitcoin does not trade in a vacuum**. Macro forces like government borrowing and the resulting cash flows can quietly exert significant influence on prices. For everyday investors, the key takeaway is simple: sometimes the biggest driver of Bitcoin's price isn't a crypto-specific headline—it's **macro forces moving in the background**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>liquidity</category> <category>treasury</category> <category>marketsentiment</category> <category>macro</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/4997e8344864d8af680c8573fe456675d3db41fd-3965x2230.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Plunges to 6-Week Low as U.S.-Iran Strikes Rock Global Markets]]></title> <link>https://www.bitcointoday.app/article/bitcoin-plunges-to-6-week-low-as-us-iran-strikes-rock-global-markets</link> <guid>bitcoin-plunges-to-6-week-low-as-us-iran-strikes-rock-global-markets</guid> <pubDate>Thu, 28 May 2026 14:01:09 GMT</pubDate> <description><![CDATA[Bitcoin fell below **$73,000** on Thursday, hitting its lowest level since April 13, as renewed military strikes between the **U.S. and Iran** rattled global markets. The escalation pushed oil prices higher and dashed hopes for a permanent ceasefire. According to the New York Times, U.S. strikes in southern Iran prompted retaliation from Iran's Revolutionary Guards, who targeted the American base used for the attacks. Kuwait, which hosts five U.S. bases, reported intercepting hostile drones and missiles. The conflict dimmed expectations of a deal to stabilize the **Strait of Hormuz**, a critical oil shipping route. On Polymarket, odds of a permanent ceasefire by month-end plummeted to **8%** from a weekend peak of **70%**. Brent crude surged nearly **4%** to around **$96 per barrel**, stoking inflation fears. Crypto markets reacted in tandem with risk assets. Rony Szuster, head of research at Mercado Bitcoin, noted that investors are focused on geopolitical risks and upcoming U.S. inflation data, particularly Thursday's **PCE report**. "The crypto market remains structurally resilient, supported by long-term accumulation and the strength of AI and blockchain infrastructure narratives," Szuster said. However, he added that in the short term, the market is sensitive to geopolitical developments and institutional flow patterns. ### What's Trending - **Bitcoin could head lower** as a $150 billion Treasury operation nears, potentially draining liquidity from May 28 to June 5. - **BlackRock's bitcoin ETF** saw a record $528 million outflow, the second-largest single-day net withdrawal since its launch. - **Samsung units** are set to buy a **$408 million stake** in Dunamu, South Korea's largest crypto exchange. - **Oil prices jumped** over 2% after Iran targeted a U.S. airbase in retaliation. ### Today's Signal - Bitcoin trades below the **50-week exponential moving average** of $84,000. - No clear RSI divergences on the weekly chart indicate a lack of market direction. - The next key support level to watch is **$68,000**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>iran</category> <category>geopolitics</category> <category>oil</category> <category>marketsentiment</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/e498dbb92cdd9d6d14ee8fbf362e5b909af356b6-3781x1655.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Trump Vows to Protect Crypto and Boost Prediction Markets: A New Era for Digital Assets?]]></title> <link>https://www.bitcointoday.app/article/trump-vows-to-protect-crypto-and-boost-prediction-markets-a-new-era-for-digital-assets</link> <guid>trump-vows-to-protect-crypto-and-boost-prediction-markets-a-new-era-for-digital-assets</guid> <pubDate>Wed, 27 May 2026 07:01:08 GMT</pubDate> <description><![CDATA[President Donald Trump has reaffirmed his commitment to the cryptocurrency industry and prediction markets, emphasizing the need for federal oversight to maintain U.S. leadership in these sectors. ## Trump's Stance on Prediction Markets In a post on Truth Social, Trump stressed the importance of establishing the **Commodity Futures Trading Commission's (CFTC) exclusive authority** over prediction markets, stating, "It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive." He added that under his leadership, the U.S. is setting "rules of the road" that are the **Gold Standard** for the states. ## Crypto Capital of the World Trump also vowed to protect the cryptocurrency industry, declaring that the U.S. is currently the **"Crypto (Bitcoin, etc.) Capital of the World"** but faces competition from other countries. He promised not to let that happen, signaling strong support for digital assets. ## Background and Controversy Trump's comments follow a New York Times investigation revealing that the CFTC has advanced prediction markets while softening regulatory enforcement of digital currencies. Trump and his family have financial ties to both prediction markets and crypto ventures, including **World Liberty Financial**. His eldest son, Donald Trump Jr., has ties to major platforms like **Kalshi** and **Polymarket**. ## The Regulatory Debate The future of prediction markets hinges on who has jurisdiction: the federal government or states. Trump and the CFTC argue for federal regulation, while some states, like Minnesota under Gov. Tim Walz, have moved to ban or regulate them as gambling. Trump called out Walz and New York Attorney General Letitia James, who sued crypto firms Coinbase and Gemini over their prediction market platforms. This ongoing battle will shape the landscape for both prediction markets and cryptocurrencies in the U.S.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>cryptocurrency</category> <category>predictionmarkets</category> <category>cftc</category> <category>regulation</category> <enclosure url="https://media-cldnry.s-nbcnews.com/image/upload/t_nbcnews-fp-1200-630,f_auto,q_auto:best/rockcms/2026-05/260526-president-trump-vsb-1747-4c5695.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Slips Near $75K as Investors Flock to AI Mega-IPOs – What’s Next?]]></title> <link>https://www.bitcointoday.app/article/bitcoin-slips-near-75k-as-investors-flock-to-ai-mega-ipos-whats-next</link> <guid>bitcoin-slips-near-75k-as-investors-flock-to-ai-mega-ipos-whats-next</guid> <pubDate>Wed, 27 May 2026 14:01:08 GMT</pubDate> <description><![CDATA[**Bitcoin** is under pressure, slipping back near **$75,000** as capital rotates out of crypto and into **memory chip stocks** and upcoming **AI mega-IPOs**. The crypto market is settling into a state of apathy, with investors turning elsewhere for gains. ## The Shift in Capital Memory chip stocks like **SK Hynix** and **Micron** are attracting significant attention, joining the trillion-dollar club. Meanwhile, the excitement around **AI** is drawing capital away from digital assets. ## Michael Burry’s Perspective Famed investor **Michael Burry** highlighted that the upcoming IPOs of **SpaceX, Anthropic, and OpenAI** are set to raise as much or more than the **300 internet and TMT IPOs** did in 2000, adjusted for inflation. In 2000, there were 446 IPOs raising $108.15 billion; in 1999, 537 IPOs raised $95.33 billion. Today, **SpaceX alone** is expected to raise upwards of **$80 billion** in its public offering next month. ## What This Means for Bitcoin As capital flows into AI and tech stocks, **Bitcoin** faces headwinds. The market sentiment is turning **bearish** in the short term, with investors seeking higher growth opportunities elsewhere. However, the long-term outlook for Bitcoin remains tied to its fundamentals and adoption.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>ai</category> <category>ipo</category> <category>marketsentiment</category> <category>capitalrotation</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/37142d11ae8dd55fcf968b7f4205ddbc2488d795-7250x4832.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Sam Altman Admits He Was Wrong: AI Job Apocalypse Delayed as Studies Show Minimal Impact]]></title> <link>https://www.bitcointoday.app/article/sam-altman-admits-he-was-wrong-ai-job-apocalypse-delayed-as-studies-show-minimal-impact</link> <guid>sam-altman-admits-he-was-wrong-ai-job-apocalypse-delayed-as-studies-show-minimal-impact</guid> <pubDate>Wed, 27 May 2026 20:01:23 GMT</pubDate> <description><![CDATA[In a surprising reversal, OpenAI CEO **Sam Altman** now acknowledges that his dire warnings about AI-driven job losses were premature. Recent studies from the **Yale Budget Lab**, **Brookings Institution**, and **Anthropic** reveal that generative AI has caused **limited labor disruption** so far, even as adoption rises. ## Key Takeaways - **Sam Altman** said in a May 2026 interview that fears of mass AI layoffs were overstated. - Brookings and Yale Budget Lab found **minimal labor-market effects** from AI through 2026. - Anthropic warned of a gap between AI’s theoretical capabilities and actual deployment, slowing workforce replacement. ## Sam Altman Revises His Stance on AI and Employment Altman, who once singled out entry-level white-collar roles as vulnerable, now says the "employment apocalypse" he feared has not materialized. He acknowledged that current evidence does not support a sweeping labor-market shock. ## Studies Suggest Minimal Job Disruptions So Far Research paints a calmer picture than early alarm. The **Brookings Institution** and **Yale Budget Lab** report limited effects from generative AI, while Anthropic describes hurdles like **process design, compliance, and accuracy requirements** that slow real-world substitution. ## The Rise of ‘AI Washing’ in Corporate Layoffs Altman also called out **"AI washing"** — companies blaming layoffs on AI when cuts were already planned for other reasons. Critics argue this practice muddies the debate about automation and risks masking issues like **debt loads, slowing demand, or post-merger integrations**. ## OpenAI’s ChatGPT and Its Ripple Effects Since ChatGPT’s launch in late 2022, AI trials have accelerated in **customer support, coding, and marketing**. Altman’s updated view suggests a slower grind: **augmentation is spreading**, but full task replacement remains selective, depending on data access, security reviews, and integration with tools from Microsoft and others. ## Growing Calls for Safeguards in the AI Era Even with modest disruption so far, the long arc remains unclear. Think tanks and global figures like **Pope Francis** are calling for **guardrails**: training, worker transition support, and transparency on AI use. Altman’s message lands in the middle ground: AI is reshaping workflows, but mass displacement has not arrived, and policy work should move in tandem with deployment.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>ai</category> <category>jobmarket</category> <category>openai</category> <category>samaltman</category> <category>automation</category> <enclosure url="https://static.news.bitcoin.com/wp-content/uploads/2026/05/sam-altman-reverses-course-on-ai-job-losses-as-studies-show-limited-impact-so-far.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Putin's Bold Move: Russia Dumps Gold, Embraces XRP for Sanctions-Proof Trade]]></title> <link>https://www.bitcointoday.app/article/putins-bold-move-russia-dumps-gold-embraces-xrp-for-sanctions-proof-trade</link> <guid>putins-bold-move-russia-dumps-gold-embraces-xrp-for-sanctions-proof-trade</guid> <pubDate>Tue, 26 May 2026 20:01:08 GMT</pubDate> <description><![CDATA[Russia spent over a decade deliberately building one of the world's largest sovereign gold reserves. Starting in 2007, Moscow forced domestic gold producers to sell directly to the Central Bank, accumulating bullion as a **sanctions-proof financial buffer**. By the time the Ukraine war started in February 2022, those reserves were near peak levels. Four years later, the Russian government is **selling that same gold at record pace**, while the Moscow Exchange (MOEX) has listed **XRP futures** and is racing toward a July 1 crypto legal deadline. ## Russia's Gold Holdings Drop to 73.9 Million Ounces The Bank of Russia reduced its gold holdings by roughly 900,000 ounces in the first four months of 2026, bringing total reserves to approximately 73.8 million ounces, the **lowest level since early 2022**. According to analysts at BNE IntelliNews, Russia may sell as much as **$15 billion worth of gold in 2026**, following estimated sales of up to $30 billion in 2025. "The scale of gold sales suggests that reserve depletion is accelerating under sanctions," one economist warned. ## MOEX Goes Live With XRP Futures Starting May 13, 2026, MOEX began publishing four new cryptocurrency indices: **MOEXSOL, MOEXXRP, MOEXTRX,** and **MOEXBNB**. XRP futures contracts followed on May 14, with June, July, and August 2026 expiries available exclusively to qualified investors. Maria Patrikeeva, Managing Director of the Derivatives Market at Moscow Exchange, stated: "We provide Russian investors with access to the largest cryptocurrencies without the need to access foreign exchanges and bear infrastructure risks." Over **62,000 derivatives market clients** had already traded crypto contracts on MOEX before XRP launched. ## The Real Problem: How Russia Settles Oil Payments Russia continues exporting significant oil volumes to China and India. A Carnegie analysis found that Russian banks held **$68.7 billion in yuan** in 2023, yet Russia-China trade in 2025 slipped to $228.1 billion, marking the first annual decline in five years. **Crypto-facilitated international trade** from Russia reached approximately **1 trillion rubles ($11 billion)** in 2025. XRP's architecture, with transactions settling in seconds without SWIFT or correspondent banking, directly fills that gap. ## Russia's July 1 Crypto Deadline: XRP Gets a Regulated Home Russia's comprehensive crypto legislation passed its first reading in April 2026, with key provisions expected from **July 1**. Under the proposed rules, individuals can buy and sell crypto through licensed brokers, exchanges, and trustees. The framework caps non-qualified investors at 300,000 rubles ($4,000) annually while granting qualified investors unrestricted access. Crypto payments for domestic goods remain banned, but **digital assets in foreign trade settlements are explicitly in scope**. Russia is not replacing gold with XRP. But it is **selling gold to cover costs** that its blocked access to Western finance can no longer absorb, while simultaneously building regulated digital asset infrastructure with **XRP at the center** of it.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>russia</category> <category>xrp</category> <category>gold</category> <category>sanctions</category> <category>moex</category> <enclosure url="https://www.disruptionbanking.com/wp-content/uploads/2026/05/Why-Putin-Is-Turning-to-XRP-as-Russias-Gold-Reserves-Hit-a-Four-Year-Low-2-2.jpg" length="0" type="image/jpg"/> </item> </channel> </rss>