Panama City could be on track to become Central America’s next Bitcoin hotspot after Mayor Mayer Mizrachi teased the creation of a city-level Bitcoin reserve. His cryptic hint came right after a high-profile meeting with El Salvador’s leading crypto strategists.
A Cryptic Clue Sparks Excitement
Mayor Mizrachi posted the words “Bitcoin Reserve” on X shortly after meeting with El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. The post, just 11 days ahead of his scheduled speech at Bitcoin 2025 in Las Vegas, has stirred speculation across the crypto community.
While no official details have been disclosed, the timing and tone hint at major developments—perhaps even Panama City mirroring El Salvador’s national Bitcoin reserve, which now holds 6,179 BTC worth nearly $640 million.
Crypto Payments Pave the Way
Panama City is already moving toward crypto adoption. A recently approved measure may soon allow Bitcoin, Ethereum, Tether (USDT), and USDC to be used for public payments—including taxes and municipal fees—pending the implementation of crypto-to-fiat conversion systems.
Although establishing a city-level reserve is possible, a federal-level Bitcoin reserve would require legislation by the National Assembly, which Mizrachi has not yet formally initiated.
As per Max Keiser’s post, they discussed using Panama’s hydroelectric energy for sustainable Bitcoin mining—similar to how El Salvador leverages geothermal power. This could help Panama position itself as a green crypto-mining hub.
In a notable educational initiative, Herbert confirmed that Panama City will adopt El Salvador’s “What is Money?” financial literacy textbook in its online library—marking a deeper collaboration between the two nations.
Conclusion
Mayor Mizrachi appears bullish on the idea of a Bitcoin reserve, but more clarity is expected once he consults with national lawmakers. With El Salvador recently facing IMF tensions over its Bitcoin policy, Panama may tread cautiously.However, with the Bitcoin 2025 Conference just around the corner and Mizrachi set to speak, the crypto world is watching closely
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Bitwise Asset Management has formally submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC) to launch the Bitwise NEAR exchange-traded fund (ETF).
The filing follows Bitwise’s earlier move on April 24, 2025, when the firm registered a trust entity for the Bitwise NEAR ETF in Delaware. The S-1 marks the natural next step in the process.
NEAR Joins the Altcoin ETF Race With Bitwise Filing
The proposed ETF aims to track the value of NEAR, the native token of the NEAR Protocol. It is a layer-1 blockchain focused on scalability and decentralized applications.
“The Trust’s investment objective is to seek to provide exposure to the value of NEAR held by the Trust, less the expenses of the Trust’s operations and other liabilities. In seeking to achieve its investment objective, the Trust will hold NEAR and establish its net asset value (“NAV”) by reference to the [CF NEAR-Dollar Settlement Price] (the “Pricing Benchmark”),” the S-1 reads.
Notably, the move did not impact NEAR’s price. Over the past day, the cryptocurrency has experienced a modest decline of 0.8%. At press time, it traded at $2.3.
BeInCrypto data shows that NEAR is the 44th largest cryptocurrency, with a market capitalization of $2.8 billion.
“Bitwise is betting big on altcoin legitimacy. Wall Street exposure to L1s is getting real,” an analyst wrote on X.
While the surge in filings suggests a broader strategy to expand its portfolio into altcoins, the path to SEC approval remains uncertain. The agency has recently delayed decisions on several cryptocurrency ETF applications, including those for XRP and DOGE, with deadlines pushed to mid-June 2025.
This pattern of delays aligns with the SEC’s cautious approach to crypto ETFs beyond Bitcoin and Ethereum, despite a more favorable regulatory climate under the Biden administration, which saw spot Bitcoin ETFs approved in January 2024 and Ethereum ETFs in July 2024.
Made in USA coins are drawing attention heading into the weekend, with five standout tokens leading the charge: EOS, ONDO, SUI, KAS, and EIGEN. EOS surged nearly 7% following a controversial $3 million purchase by World Liberty Financial, while ONDO remains a major RWA player despite short-term volatility.
SUI continues to ride momentum from its meme coin and DEX activity, and Kaspa (KAS) shows strong upside potential with a possible golden cross forming. Meanwhile, EigenLayer (EIGEN) is facing a sharp pullback but still holds bullish signals if support levels can hold.
EOS
EOS is up nearly 7% in the last 24 hours, sparked by World Liberty Financial’s surprise $3 million purchase of the token. The move has stirred controversy across the crypto community, especially given WLFI’s recent $125 million loss from allegedly selling ETH at a local bottom.
While some have raised concerns about potential market manipulation, there’s currently no hard evidence of foul play. EOS, which has spent much of the past year trading below $0.50, briefly surged over 9% following the news, reigniting interest in a project many considered dormant.
Technically, if bullish momentum persists, EOS could break above the key resistance level at $0.88. A clear breakout there may open the door for a run toward the psychological $1 mark.
However, if sentiment shifts and the rally fades, EOS could retest support at $0.663. A break below that would likely trigger further downside, potentially dragging the token back toward the $0.58 region.
Ondo Finance (ONDO)
Real-world asset (RWA) tokenization is gaining serious momentum. The sector reached an all-time high of $22.5 billion, up 5.87% in the last 30 days.
Private credit accounts for $13.1 billion of the total, highlighting growing institutional interest in bridging TradFi with blockchain infrastructure.
Amid this surge, ONDO has emerged as one of the largest players in the RWA space, despite its token price slipping over 3% in the past 24 hours. Still, ONDO is up 16.2% over the last month, reflecting sustained investor confidence in the narrative.
Looking ahead, if bullish sentiment returns, ONDO could test resistance at $1.04. A breakout above that level may push the price toward $1.20.
However, if the correction deepens, the token faces key support levels at $0.86 and $0.819.
Should the downtrend accelerate, ONDO may fall further to $0.73 or even $0.663, making short-term price action heavily dependent on whether the broader hype around RWA and Made in USA coins continues or fades.
SUI
SUI has been gaining traction in recent months thanks to its growing meme coin ecosystem and expanding DEX infrastructure.
While its DEX volume surged 36.7% over the past week, it recorded the smallest increase among the top eight chains and currently ranks sixth in total DEX volume.
Despite this, market interest remains strong, with SUI up 83% in the last 30 days—though it has cooled slightly, slipping 1.25% over the past week.
Technically, SUI’s EMA lines still indicate bullish momentum.
If buyers regain control, the token could test resistance at $3.89, and a breakout there may open the path toward $4.24.
On the downside, if SUI fails to hold support at $3.63, the next targets are $3.27 and potentially $2.92 in the event of further selling pressure.
Kaspa (KAS)
Kaspa (KAS) has delivered strong performance recently, climbing 18.5% in the last seven days and 56.7% over the past month. Its market cap now stands at $3.17 billion, even as 24-hour trading volume has dipped by 20% to $99.38 million.
EMA indicators suggest a potential golden cross formation, which could signal further upside. If momentum continues, KAS may test resistance at $0.155, and a successful breakout could push the price toward $0.188, making it one of the most interesting Made in USA coins for the weekend.
However, if the trend weakens, key support levels lie at $0.114 and $0.103. Losing those could trigger a deeper correction, with downside targets as low as $0.082.
Eigenlayer (EIGEN)
EigenLayer (EIGEN) has seen mixed price action this week—up 16% over the past seven days, but down 11% in the last 24 hours alone.
The recent drop pushed its price below $1.40 and dragged its market cap under the $400 million mark, signaling a potential cooldown after last week’s rally.
Despite the pullback, EIGEN’s EMA lines remain in a bullish formation. If the downtrend continues, the token may test key support at $1.22, with further downside possible toward $1.084 if that level fails.
However, if EigenLayer regains its prior momentum, it could retest resistance at $1.49, and a breakout there may pave the way for a move toward $1.63.
