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Bitmine ‘s Tom Lee has predicted that the Ethereum price could reach $10,000 before the end of 2025. The bullish outlook comes as Ethereum ETF inflows surge well ahead of Bitcoin’s. This suggests a shift in institutional preference toward the altcoin. Tom Lee Sets $10,000 Ethereum Price Target Tom Lee, alongside Fundstrat’s Head of Digital
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The US state of Florida has removed two bills relating to Bitcoin reserve from the crypto-legislative process, which could be a major blow to America’s ambitious crypto reserve plans. House Bill 487 and Senate Bill 550, proposals aimed at creating a state-held Bitcoin fund, will not move forward for an indefinite period.
Earlier this year, Florida lawmakers introduced two bills – House Bill 487 and Senate Bill 550 – in a push towards building the state’s own Bitcoin fund.
Introduced in February, House Bill 487 sought to permit Florida’s chief financial officer and the State Board of Administration to allocate up to 10% of specific state funds into Bitcoin. Similarly, Senate Bill 550 aimed to authorize the investment of public funds in Bitcoin. However, the Florida Senate has decided not to move ahead with any Bitcoin reserve plans as of now.
Florida has joined the list of states that have stepped back from passing state-level crypto investment legislation. Alongside Wyoming, South Dakota, North Dakota, Pennsylvania, Montana, and Oklahoma, Bitcoin-related bills in these states have failed to clear House or Senate votes. Last week, Roswell became the first US city to build its Bitcoin fund, holding BTC as reserves.
Just days after Arizona made significant progress on its strategic Bitcoin reserve legislation, Governor Katie Hobbs vetoed House Bill 1025 on May 3, citing digital assets as “untested investments.” The Digital Assets Strategic Reserve bill aimed to allow Arizona to invest seized funds in Bitcoin, creating a state-managed reserve overseen by officials.
Following U.S. President Donald Trump’s executive order in March 2025, US Treasury Secretary Scott Bessent was set to deliver an assessment on the Bitcoin reserve plan yesterday, per the May 5 deadline. However, no official announcement has been made so far in this regard by him.
The upcoming report from the U.S. Treasury Secretary on a Strategic BTC Reserve will deliver key insights into its legal and investment framework. The evaluation will outline suitable accounts for custody and management of the assets while assessing whether legislative changes are required to ensure the project’s viability.
As of now, Bitcoin price is flirting around $94,000 levels. Thus, any decision on the reserve plan could serve as a major catalyst for a new BTC all-time high.
The post Florida Dumps Bitcoin Reserve Bill; Is State-Level Crypto Adoption Losing Momentum? appeared first on CoinGape.
Polymarket is entering a partnership with X, Elon Musk’s social media platform. The partnership doesn’t have a lot of details yet, but it’s already caused a market impact.
Polygon’s price jumped significantly after this news.
Polymarket, a major online prediction market, hasn’t had a lot of previous interactions with X. However, its landmark new alliance with Elon Musk’s X is a major market development. Promising to become the social network’s “official prediction market partner,” Polymarket teased at future gains.
“Combining Polymarket’s accurate, unbiased, and real-time prediction market probabilities with Grok’s analysis and 𝕏’s real time insights will enable us to provide contextualized, data-driven insights to millions of Polymarket users around the world instantaneously. We are proud to work with 𝕏 as the official prediction market partner and to continue our fruitful collaboration,” claimed Shayne Coplan, founder and CEO of Polymarket.
Details are still under wraps, but both firms said Polymarket odds and widgets will soon appear inside X posts and livestreams, letting users stake on everything from US elections to sports finals with a few taps. Polymarket was built on Polygon, an Ethereum-based L2 scaling solution, and its token spiked immediately after the announcement.
Whatever specific plans Polymarket and X have for their continued partnership, it has the potential to significantly change the crypto ecosystem.
The post Polymarket Announces Partnership with X appeared first on BeInCrypto.
The post South Korea’s First Bitcoin Treasury Firm Emerges with $18.5M Acquisition Deal appeared first on Coinpedia Fintech News
The Bitcoin treasury strategy is booming. Public companies now hold over 777,000 BTC—worth nearly $80.6 billion—and South Korea is jumping in.
Parataxis Holdings has officially announced plans to create South Korea’s first publicly traded Bitcoin treasury company, signaling a bold shift in corporate crypto adoption across Asia.
In a strategic move, Parataxis Holdings will acquire a controlling stake in biotech firm Bridge Bio for $18.5 million, according to the latest reports. After the acquisition, Bridge Bio will be renamed Parataxis Korea and will function as a Bitcoin-focused treasury company.
The company confirmed the plan via press release, marking a historic first for South Korea.
Parataxis is following the path blazed by MicroStrategy, the most prominent public company holding Bitcoin. The firm, led by Michael Saylor, holds 592,100 BTC—valued at over $61.4 billion.
Parataxis partner Andrew Kim revealed that the move is inspired by success stories like MicroStrategy and Asia’s Metaplanet, which holds 10,000 BTC. Kim emphasized Bitcoin’s long-term potential for shareholders and national economic value.
Despite South Korea’s strict crypto regulations—such as the ban on spot Bitcoin ETFs—momentum for corporate adoption is building:
Here are the top public companies by BTC holdings:
As South Korea enters the corporate Bitcoin race, Parataxis Korea could become Asia’s next big BTC giant—potentially encouraging other firms across the region to follow suit.
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The post South Korea’s First Bitcoin Treasury Firm Emerges with $18.5M Acquisition Deal appeared first on Coinpedia Fintech News
The Bitcoin treasury strategy is booming. Public companies now hold over 777,000 BTC—worth nearly $80.6 billion—and South Korea is jumping in. Parataxis Holdings has officially announced plans to create South Korea’s first publicly traded Bitcoin treasury company, signaling a bold shift in corporate crypto adoption across Asia. Parataxis Acquires Bridge Bio to Launch BTC Treasury …