<?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>Wed, 06 May 2026 07:08:31 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[Crypto Billionaire Chris Larsen Unleashes $10M Ad Blitz to Crush California's 'Reckless' Billionaire Tax]]></title> <link>https://www.bitcointoday.app/article/crypto-billionaire-chris-larsen-unleashes-10m-ad-blitz-to-crush-californias-reckless-billionaire-tax</link> <guid>crypto-billionaire-chris-larsen-unleashes-10m-ad-blitz-to-crush-californias-reckless-billionaire-tax</guid> <pubDate>Wed, 06 May 2026 07:01:09 GMT</pubDate> <description><![CDATA[A political action committee backed by **crypto billionaire Chris Larsen** is launching a massive ad campaign during tonight's gubernatorial debate to attack a proposed tax on billionaires in California. The **Golden State Promise PAC**, funded largely by Larsen and his company Ripple, plans to spend **eight figures** on the effort, including digital ads and mailers. The ad highlights **bipartisan opposition** to the tax, featuring Governor Gavin Newsom, Republicans, and Democrats. Newsom has publicly promised to fight the initiative. The ad claims the tax will backfire, driving billionaires and businesses out of the state and taking good-paying jobs with them. It warns that **$25 billion in tax revenue** could be lost, gutting funding for schools and firefighters. Already, wealthy individuals like **Google co-founder Sergey Brin** have fled California for Nevada, and Brin is now pumping money to stop the tax. The ad concludes, "It's reckless, and it hurts you." The tax proposal, pushed by the Service Employees International Union–United Healthcare Workers West, would impose a **one-time 5% levy** on residents with assets exceeding $1 billion. Supporters, including Senator Bernie Sanders and Representative Ro Khanna, argue it's needed to address healthcare funding gaps from federal cuts. However, Democrats like Newsom worry it will hurt the state's economy in the long run. Larsen, with a net worth estimated at **$12.4 billion**, has been a vocal opponent. "We’ve got to start fighting on par with the unions when they propose these absolutely stupid propositions like this crazy CEO tax," he told the San Francisco Business Times.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>california</category> <category>billionairetax</category> <category>chrislarsen</category> <category>ripple</category> <category>politics</category> <enclosure url="https://nypost.com/wp-content/uploads/sites/2/2026/05/COMP2.jpg?quality=75&strip=all&w=1200" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Polymarket's Phantom HQ: The Panama Law Office Behind a $15 Billion Crypto Empire]]></title> <link>https://www.bitcointoday.app/article/polymarkets-phantom-hq-the-panama-law-office-behind-a-15-billion-crypto-empire</link> <guid>polymarkets-phantom-hq-the-panama-law-office-behind-a-15-billion-crypto-empire</guid> <pubDate>Tue, 05 May 2026 20:01:11 GMT</pubDate> <description><![CDATA[NPR investigators went looking for Polymarket's official headquarters in Panama City and found a law firm with no knowledge of the company. The wildly popular prediction market, valued at an estimated **$15 billion**, lists its corporate office on the 21st floor of the Oceania Business Plaza—but the address leads to a law office that hasn't heard of Polymarket or its Panamanian entity, Adventure One QSS Inc. ## The Panama Advantage Polymarket moved to Panama after being shut down by U.S. regulators in 2022. The country offers **no income tax** for offshore companies and **no capital gains tax** on investments. More importantly, Panamanian law treats foreign court judgments as **presumptively invalid**, making it extremely difficult to enforce legal decisions against companies based there. ## A Crypto Hub At least **15 other crypto companies** use the same law office as their headquarters, including Helix, Drift Protocol, and Goldfinch. The office also did work for **FTX**, the collapsed exchange whose founder Sam Bankman-Fried received a 25-year prison sentence. ## From FBI Raid to White House Invitations Just months ago, FBI agents used a battering ram to break down Polymarket CEO Shayne Coplan's door. Now, **Donald Trump Jr.** is an adviser, his venture capital firm invested millions, and Coplan has been invited to the White House. The Justice Department dropped its investigation, and Trump's regulators approved a deal for a separate version of Polymarket to re-enter the U.S. ## The VPN Problem Despite the Trump administration's embrace, Polymarket's main site remains technically banned in the U.S. under the 2022 settlement. The company says it uses "view-only mode" for Americans, but an indictment last month shows a U.S. Army master sergeant used a **VPN** to place $33,000 in bets on Venezuelan leader Nicolás Maduro's capture—using classified information from his role in the operation. ## Regulatory Questions Former CFTC Chairman Timothy Massad says Polymarket could do more to prevent U.S. users from accessing its overseas exchange, such as requiring **GPS verification** instead of relying on IP-based geofencing. International criminal law expert Bruce Zagaris warns that while the current administration takes a hands-off approach, "if you don't have law enforcement difficulties with this administration, they might have them in the next."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>polymarket</category> <category>cryptoregulation</category> <category>panama</category> <category>predictionmarkets</category> <category>offshore</category> <enclosure url="https://npr.brightspotcdn.com/dims3/default/strip/false/crop/5712x3213+0+536/resize/1400/quality/85/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F27%2F13%2F78a67a264fd1baeb2f8855ab27d3%2Fimg-9447.jpeg" length="0" type="image//dims3/default/strip/false/crop/5712x3213+0+536/resize/1400/quality/85/format/jpeg/"/> </item> <item> <title><![CDATA[Bitcoin Hits $81K as 66-Day Negative Funding Streak Signals Institutional Moves]]></title> <link>https://www.bitcointoday.app/article/bitcoin-hits-81k-as-66-day-negative-funding-streak-signals-institutional-moves</link> <guid>bitcoin-hits-81k-as-66-day-negative-funding-streak-signals-institutional-moves</guid> <pubDate>Tue, 05 May 2026 14:01:09 GMT</pubDate> <description><![CDATA[Bitcoin has surged to **$81,000**, but derivatives markets are flashing an unusual signal: the longest streak of negative funding rates this decade. The leading crypto is up 2.9% over the past 24 hours and is currently hovering at around **$81,250**, according to CoinGecko. The 30-day average funding rate for Bitcoin perpetual swaps has remained **negative for 66 consecutive days**, according to a tweet from Vetle Lund, head of research at K33 Research. > "We're in the longest streak of negative 30-day average funding rates in this decade at 66 consecutive days." When funding turns negative, shorts pay longs a daily fee to keep the contract price anchored to spot—a cost that compounds the longer the position runs. "I care about this regime for one simple reason: timing," Lund said. "Lasting negative funding rates have a very strong track record of flagging where you should buy with conviction." The streak has coincided with a 12% rally in April, raising a central question: is persistent negative funding a genuine fear signal, or something structurally different? ## Institutional hedging, not fear The persistence of negative funding while open interest rose roughly 12% over the past month points to a **structural source of short supply** rather than capitulating bears, according to Derek Lim, head of research at crypto market-making firm Caladan. "Funding is a flow indicator, not a sentiment readout, when the market is institutional," Lim told Decrypt. "The persistent negative print reflects supply of short perp inventory from delta-neutral desks rather than directional bearishness." He identified three institutional flows accounting for the bulk: hedge funds shorting futures during investor redemption periods; basis traders going long Strategy equity while shorting Bitcoin perpetuals to capture the equity premium; and miners pivoting to AI compute while hedging their treasury Bitcoin. Each is mechanical and price-insensitive. U.S. spot Bitcoin ETFs recorded approximately **$2.44 billion in net inflows in April**—the strongest month of 2026—as institutions accumulated spot while simultaneously shorting futures to manage risk, according to Andri Fauzan Adziima, research lead at Bitrue Research Institute. "This is not primarily fear-based retail shorting. It reflects a maturing market." Shorts are currently paying roughly **12% annualized carry** to maintain positions against a market that has not broken lower. Historical analysis across six comparable negative funding regimes since 2018 shows all six delivered **positive returns at 90 days**, with win rates of **83% to 96%**—compared to 55% to 75% for arbitrary entries, according to Lund. The average maximum drawdown during those windows shrank from 16% to just 5%. ## What would break the regime A sustained breakout above key resistance is the most likely trigger for a squeeze, according to all three analysts. "If shorts are forced to unwind, funding flips positive and Bitcoin could move sharply through **$100K on a squeeze**," Matthew Pinnock, COO at Altura DeFi, told Decrypt. "If spot demand cools before that happens, price likely resets into consolidation around $70K to $75K." Investors on prediction market Myriad continue to remain optimistic, assigning an **84% chance** that the leading crypto extends its rally to test $84,000 next. Lim placed the key level more precisely. "A clean break of $82K with ETF flows confirming would do it," he said. "The question is whether the squeeze is a regime change or a tactical event embedded inside the broader institutional-hedger structure." Singapore-based trading firm QCP Capital noted a similar take with **$82,000 being a critical hurdle** that could make or break Bitcoin’s recovery. The $80,000 to $82,000 zone also coincides with the 200-day exponential moving average, making this area a tough nut to crack. The 66-day streak remains active. "The bears were paying," Glassnode analyst cryptovizart said in a recent analysis of April's positioning data. "But someone was on the other side, and they weren't selling."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>fundingrate</category> <category>institutionalhedging</category> <category>marketsentiment</category> <category>derivatives</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/06/bitcoin-decrypt-style-neon-gID_7.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Trump Family’s Crypto Venture Sues Justin Sun in Escalating Feud – What’s Next?]]></title> <link>https://www.bitcointoday.app/article/trump-familys-crypto-venture-sues-justin-sun-in-escalating-feud-whats-next</link> <guid>trump-familys-crypto-venture-sues-justin-sun-in-escalating-feud-whats-next</guid> <pubDate>Tue, 05 May 2026 07:01:08 GMT</pubDate> <description>< *Eric Trump and Donald Trump Jr. at the Nasdaq opening bell in August 2025.* This ongoing saga highlights the volatile intersection of **crypto, politics, and high-stakes litigation**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>worldlibertyfinancial</category> <category>justinsun</category> <category>defamationlawsuit</category> <category>cryptofeud</category> <category>trumpfamily</category> <enclosure url="https://i.abcnewsfe.com/a/42e1e489-9808-4490-8e95-3e27748db234/eric-don-jr-trump-gty-jef-260504_1777901248531_hpMain_16x9.jpg?w=1600" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Hits $80K Then Drops on Iran Missile Strike: What's Next?]]></title> <link>https://www.bitcointoday.app/article/bitcoin-hits-80k-then-drops-on-iran-missile-strike-whats-next</link> <guid>bitcoin-hits-80k-then-drops-on-iran-missile-strike-whats-next</guid> <pubDate>Mon, 04 May 2026 14:01:09 GMT</pubDate> <description><![CDATA[Bitcoin briefly surged above **$80,000** overnight before reversing sharply on reports that Iran struck a U.S. warship with two missiles. The move came after President Trump announced **"Project Freedom"** — a military operation to escort neutral ships out of the Strait of Hormuz. Oil spiked 4% to $105, and stock futures turned red. ## Clarity Act Gains Momentum The **Digital Asset Market Clarity Act** saw its odds of passing in 2026 jump to **65%** on Polymarket after a compromise on stablecoin yield. The new language bans yield for simply holding stablecoins but allows **activity-based rewards** tied to transactions, platform use, and loyalty programs. Coinbase CEO Brian Armstrong said "Mark it up." ## Tether Posts $1.04B Q1 Profit Tether reported **$1.04 billion in net profit** for Q1 2026, with excess reserves hitting a record **$8.23 billion**. Total assets reached $191.77 billion, with $141 billion in U.S. Treasuries — making Tether the **17th-largest holder** of U.S. debt globally. The company also began its first-ever comprehensive audit by a "Big Four" firm. ## MoonPay Gives AI Agents a Credit Card MoonPay launched the **MoonAgents Card**, a virtual Mastercard debit card that lets AI agents spend stablecoins directly from onchain wallets at over **150 million merchants** worldwide. The card uses the Model Context Protocol and enables autonomous purchases without human intervention. ## Market Overview - **Crypto majors**: BTC +0.5% at $78.9k, ETH +1% at $2,335, SOL even at $84, HYPE +0.4% at $41.25 - **Top movers**: Dash (+19%), Ondo (+12%), WLFI (+6%) - **Oil** +4% at $105, **Gold** -1.3% at $4,560 - **Bitcoin ETFs** saw $630M in inflows on Friday; ETH ETFs $101M - **Ethereum Foundation** sold another 10,000 ETH at $2,292/ETH - **Circle** published a quantum-resistant roadmap for its L1 blockchain Arc - **Brazil's central bank** banned crypto from regulated cross-border payments ## Meme Coin & NFT Highlights - **Meme leaders**: DOGE +2%, SHIB -1%, PEPE +1%, PENGU +1%, TRUMP -1% - **Notable movers**: TROLL (+50%), GIGA (+50%), Wojak (+50%) - **NFTs**: Masks of Luci (+21%), Fidenza (+14%); CryptoPunks hoodie sold for $479k; Gold-skinned Bored Ape sold for $211k ## Key Developments - **Hyperliquid** prediction markets launched via HIP-4, doing $6M volume on day one - **Sonic Labs** launched USSD, a network-native stablecoin backed by BlackRock Treasury assets - **MoonPay** acquired Israeli firm Sodot for $100M to build institutional division]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>marketsentiment</category> <category>stablecoins</category> <category>aiagents</category> <category>regulation</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2026/02/bitcoin-down-crash-decrypt-style-1-gID_7.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Circle Stock Soars 20% as CLARITY Act Compromise Protects Stablecoin Rewards]]></title> <link>https://www.bitcointoday.app/article/circle-stock-soars-20-as-clarity-act-compromise-protects-stablecoin-rewards</link> <guid>circle-stock-soars-20-as-clarity-act-compromise-protects-stablecoin-rewards</guid> <pubDate>Mon, 04 May 2026 20:01:09 GMT</pubDate> <description><![CDATA[Shares of **Circle** surged after lawmakers reached a compromise on the **CLARITY Act**, preserving stablecoin reward programs under certain conditions. The revised language allows usage-driven incentives tied to activities like trading, transactions, or staking, but restricts paying savings account-like interest on passive deposits. ### Market Reaction - **Circle (CRCL)** jumped **20%**. - **Coinbase (COIN)**, main distributor of USDC, gained **7%**. - **BitGo (BTGO)** rose **10%**, **Galaxy Digital (GLXY)** up **4%**. - **Bitcoin** climbed **2%** to ~$80,000, its first time above that level since January. ### What the Compromise Means Earning yield on stablecoins like USDC has been a key user incentive. The new rules allow rewards tied to active usage, a **relative win for Circle and Coinbase**. However, smaller platforms relying on high-yield deposit products may face pressure. The shift aligns with the industry moving from return-seeking products to upgrading financial infrastructure. ### Bank of America's Take Analyst Ebrahim Poonawala called the resolution a **net positive** for banks, easing deposit flight concerns and reducing regulatory uncertainty, allowing banks to engage with digital assets on more controlled terms. ### Industry Response Coinbase CEO **Brian Armstrong** posted "Mark it up" on X, signaling strong support for the bill's progress.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>circle</category> <category>clarityact</category> <category>stablecoinrewards</category> <category>bitcoin</category> <category>coinbase</category> <enclosure url="https://image.cnbcfm.com/api/v1/image/108155260-1749135108538-CRCL-OB-20250605-CC-PRESS-2.jpg?v=1749135801&w=1920&h=1080" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Dogecoin Surges 4% as Bitcoin Breaks $80K: Key Levels to Watch Now]]></title> <link>https://www.bitcointoday.app/article/dogecoin-surges-4-as-bitcoin-breaks-80k-key-levels-to-watch-now</link> <guid>dogecoin-surges-4-as-bitcoin-breaks-80k-key-levels-to-watch-now</guid> <pubDate>Mon, 04 May 2026 07:01:10 GMT</pubDate> <description><![CDATA[Dogecoin cleared **$0.109** in early Asia hours as bitcoin pushed through **$80,000**, with the break coming on a sharp volume surge that tends to signal real positioning rather than drift, leaving the level likely to act as near-term support if momentum holds. ## News Background - Bitcoin crossed **$80,000** during early Asia trading, lifting broader risk appetite and pulling altcoins higher alongside the move. - DOGE followed the broader market bid, with momentum returning after a quiet stretch of sideways trading. ## Price Action Summary - DOGE climbed from $0.1075 to $0.1119, building higher lows before breaking resistance at **$0.109**. - The breakout came in a **single high-volume burst** rather than a gradual grind higher. - Price is now holding near **$0.111**, consolidating just above the breakout zone. ## Technical Analysis - The key shift is the break above **$0.109**, which had capped price during recent sessions. - **Volume spiking** into the move suggests concentrated buying rather than retail drift. - The structure now depends on whether **$0.109** holds as support after the breakout. - Momentum is strong, but the move is getting stretched with **RSI pushing higher** and positioning building. ## What traders should watch - **$0.109** is the pivot. Holding above it keeps the breakout intact. - **$0.114** is the next resistance level if momentum continues. - A move back below **$0.109** would signal a failed breakout and return to the prior range.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>dogecoin</category> <category>bitcoin</category> <category>technicalanalysis</category> <category>breakout</category> <category>altcoins</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/360a31d1c95eef61b110c0ad10c487772c6aa377-1192x736.png?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/png"/> </item> <item> <title><![CDATA[Is the 'Great Rotation' Back to Crypto? Here's What the Data Says]]></title> <link>https://www.bitcointoday.app/article/is-the-great-rotation-back-to-crypto-heres-what-the-data-says</link> <guid>is-the-great-rotation-back-to-crypto-heres-what-the-data-says</guid> <pubDate>Sun, 03 May 2026 07:01:09 GMT</pubDate> <description><![CDATA[In certain investor circles, an optimistic thesis is making the rounds: capital will soon rotate back into digital assets on a massive scale, drawn by **beaten-down prices** and growth potential unmatched by other asset classes. This supposed "Great Rotation" would see heavily bruised assets like **Bitcoin**, **Ethereum**, **Solana**, **XRP**, and even **Dogecoin** become winners once again, if only for a few quarters or years. It's tempting to believe your investments will go up, but let's examine what the data actually says. ## The Data Tells a Different Story Analysts at **JPMorgan Chase** estimate that in Q1 2026, digital asset inflows totaled around **$11 billion** — about a third of the pace in 2025. Most demand came from corporate treasury purchases and venture deals, not broad buying. So if a big rotation is coming, it's not here yet. U.S. spot **Bitcoin ETFs** absorbed **$1.5 billion** from April 14 to April 27, boosting total net inflows to $58.6 billion. Ethereum, Solana, and XRP ETFs also saw inflows over the same period. However, a few strong days don't make a trend. For **altcoins**, the picture is grimmer. A rotation showering questionable cryptos like Dogecoin with serious capital is the lowest-probability version of this story, and there's no evidence it will happen. ## Position Before the Move It's best to discard notions that the "Great Rotation" is on the way. Instead, **craft your crypto portfolio** carefully ahead of time. You'll be positioned to benefit from any capital rotations if they occur, and you'll also capture growth from less dramatic capital flows. **Bitcoin** is the most important asset to own — it's what corporate treasuries and institutional buyers will gravitate toward first. **Ethereum** may be more controversial, but it still hosts the majority of **DeFi** and **tokenized RWA** infrastructure, making it worth owning. In contrast, **Solana** and **XRP** have institutional use cases but their risk/reward isn't as favorable. And **don't even think of buying Dogecoin**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>ethereum</category> <category>marketsentiment</category> <category>institutionalinflows</category> <category>altcoins</category> <enclosure url="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F867682%2Finvestors-chat-while-holding-phones-in-lobby.jpg&w=1200&op=resize" length="0" type="image//image/"/> </item> <item> <title><![CDATA[Senators Tillis and Alsobrooks Reach Landmark Deal on Stablecoin Yield Restrictions]]></title> <link>https://www.bitcointoday.app/article/senators-tillis-and-alsobrooks-reach-landmark-deal-on-stablecoin-yield-restrictions</link> <guid>senators-tillis-and-alsobrooks-reach-landmark-deal-on-stablecoin-yield-restrictions</guid> <pubDate>Sat, 02 May 2026 07:01:09 GMT</pubDate> <description><![CDATA[In a major development for the crypto industry, Senators **Thom Tillis** (R-N.C.) and **Angela Alsobrooks** (D-Md.) have finalized a compromise to restrict stablecoin yield and rewards. This agreement comes ahead of a **Senate crypto markup scheduled for May**, signaling significant regulatory progress. **Punchbowl News** has obtained the text of the agreement, which was the result of months of negotiations between banking and crypto advocates. The new language introduces requirements for crypto companies offering rewards tied to stablecoins, including a broad prohibition on rewards offered “in a manner that is economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit.” The Tillis-Alsobrooks text also directs regulators to propose a new series of stablecoin regulations, including the development of a **stablecoin disclosure regime** and a list of **permissible reward activities**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>stablecoin</category> <category>regulation</category> <category>yield</category> <category>senate</category> <category>crypto</category> <enclosure url="https://punchbowl.news/wp-content/uploads/GettyImages-1744077717-1.jpg" length="0" type="image/jpg"/> </item> </channel> </rss>