Trump, Musk feud; Circle IPO prices above range, Strategy upsizes offering | Weekly Recap

Michael Saylor, the outspoken Bitcoin advocate and MicroStrategy co-founder, is doubling down on his bullish stance—predicting Bitcoin could soar to a staggering $13 million per coin. He’s not just sticking to his guns; he’s loading up more ammo, saying his confidence is growing. This comes amid Bitcoin’s recent volatility, showing Saylor’s unwavering (some might say extreme) faith in crypto’s long-term potential.

Editor’s Note: Love him or hate him, Saylor’s predictions always turn heads because he’s one of Bitcoin’s biggest institutional cheerleaders. His $13M forecast might sound ludicrous now, but it fuels the debate about crypto’s future—whether it’s a speculative bubble or the "digital gold" of tomorrow. For investors, it’s a reminder that Bitcoin’s true believers aren’t backing down, even when the market gets shaky.

Bitcoin’s tight-knit community is in a heated debate after 31 of its top developers released a joint statement defending a new transaction relay policy. While the devs argue it’s crucial for keeping Bitcoin censorship-resistant, critics worry it could stifle non-financial uses of the blockchain. The split highlights the ongoing tension between purists and those pushing for broader experimentation.

Editor’s Note: Bitcoin isn’t just about price swings—it’s a battleground for ideological clashes over how the network should evolve. This disagreement matters because it could shape whether Bitcoin remains purely a financial tool or expands into other uses (like data storage or social media). For investors and users, it’s a reminder that decentralization often means messy, public debates with real consequences.

Cetus Protocol, a decentralized finance (DeFi) platform, is back in action after suffering a massive $220 million hack earlier this year. The team has managed to restore liquidity, essentially refilling the pool of funds users can trade or borrow against. It’s a bold comeback attempt, though questions about security and trust linger.

Editor’s Note: Hacks in DeFi are alarmingly common, but full recoveries are rare. Cetus’s relaunch shows resilience, but it also highlights the risks of trusting decentralized platforms with big money. For crypto users, it’s a reminder to weigh the rewards against the very real dangers.

Prediction markets are going wild with bets on the escalating feud between Elon Musk and Donald Trump, turning political drama into a bizarre gambling spectacle. From odds on Musk running for office to wagers on Trump’s next viral rant, traders are treating the clash like a high-stakes reality show.

Editor’s Note: This isn’t just gossip—it’s a weirdly revealing look at how public figures shape markets beyond stocks and crypto. When two of the internet’s biggest lightning rods go head-to-head, even gamblers can’t resist turning it into a game. It’s a sign of how deeply politics and celebrity culture now blur with speculative finance.

A group of 31 Bitcoin Core developers just dropped a statement clarifying their position on non-financial uses of the network—like data inscriptions—basically saying, "We’re not here to endorse or stop this stuff; that’s not our job." But the crypto community isn’t taking it lightly, sparking fiery debates over who should decide what Bitcoin’s blockchain is really for.

Editor’s Note: This isn’t just some niche technical spat—it’s a fight over Bitcoin’s identity. Should it stay laser-focused on money, or evolve into a broader tool? Developers are drawing a line, but the backlash shows how deeply people care about where Bitcoin’s headed. Expect more drama as the community wrestles with this existential question.