Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says

The SEC has hit pause on deciding whether to allow "in-kind" transactions for Bitwise's proposed Bitcoin and Ethereum ETFs—a technical but important feature that would let funds swap crypto assets directly (rather than cash) when creating or redeeming shares. This delay might slow down innovation in crypto ETFs and create short-term uncertainty, but many experts still think approval is likely down the road.

Editor’s Note: For crypto investors, this isn't a "no"—just a "not yet." The SEC's hesitation shows they're still cautious about how crypto ETFs operate under the hood, which could mean more back-and-forth before these products get the green light. But the fact that they're engaging (rather than outright rejecting) suggests regulators are at least considering how to make these funds work. It’s a waiting game with real stakes: smoother ETF mechanics could mean better pricing and accessibility for everyday investors.

French lawmakers are pushing forward with a proposal to harness Bitcoin mining as a new revenue stream, estimating it could bring in up to $150 million annually. Their plan, outlined in a recent bill, includes a five-year pilot program that would let energy producers use excess electricity for mining—turning waste into profit.

Editor’s Note: This isn’t just about Bitcoin—it’s a creative way for France to monetize unused energy while dipping its toes into crypto’s economic potential. If it works, it could set a precedent for other countries sitting on surplus power. Plus, $150M a year isn’t pocket change, even for a major economy.

Bitcoin investors are hitting the panic button—nearly 50,000 BTC were sold at a loss in just one day as prices slump. This mass sell-off coincides with "Crypto Week" in Congress, where lawmakers are debating major regulations that could redefine the crypto landscape in the U.S. The timing couldn’t be more tense: investors are dumping assets while waiting to see if new rules will stabilize or further disrupt the market.

Editor’s Note: When long-term holders start selling at a loss, it’s often a sign of market fear—and right now, that fear is mixed with uncertainty over how harsh (or friendly) new U.S. crypto laws might be. This isn’t just about short-term price swings; the decisions made this week could either legitimize crypto for institutional investors or push it further into the wild west. Either way, the stakes are high.

A crypto whale—already up $15 million—is doubling down on a bet that Ethereum’s price will drop, opening a massive $62.42 million short position with high leverage. They’re essentially borrowing ETH to sell now, hoping to buy it back cheaper later. So far, it’s working, with their initial short placed at $3,060 per ETH.

Editor’s Note: Big moves like this can ripple through crypto markets. When whales take aggressive short positions, it often signals skepticism about a coin’s near-term prospects—and sometimes triggers panic selling. For Ethereum holders, this is worth watching, even if it’s just one trader’s gamble.

Thailand's financial regulators are testing a "crypto sandbox" aimed at foreign tourists—basically a controlled environment where visitors can use digital currencies for payments and services. The idea is to make travel smoother for crypto-savvy tourists while keeping an eye on potential risks like fraud or volatility.

Editor’s Note: This isn’t just about convenience—it’s a sign that Thailand sees crypto as a way to boost its tourism economy, which is huge for the country. But pulling it off means balancing innovation with security, so don’t expect a free-for-all. If it works, though, it could set a template for other tourist-heavy destinations to follow.