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Although the Metaplanet stock price is facing strong selling pressure, Benchmark Equity Research has initiated a buy call with a target of 2,400 JPY, 50% up from the current levels. This comes amid the Japanese firm’s Bitcoin acquisition spree, which now holds 13,350 Bitcoins, becoming the fifth largest public-listed firm by BTC holdings. Despite the
The post Benchmark Sets Metaplanet Stock Target to 2400 JPY on Bitcoin Acquisition, Buy the Dips? appeared first on CoinGape.
The post Kevin O’Leary Slams U.S. Bitcoin Reserve Push: “It Will Never Happen” appeared first on Coinpedia Fintech News
As global crypto adoption accelerates, the United States remains hesitant. Despite rising interest in digital assets worldwide, U.S. institutions are still dancing around the idea of making Bitcoin part of a national reserve strategy.
And according to investor Kevin O’Leary, that dance won’t be ending any time soon.
Shark Tank star and outspoken investor Kevin O’Leary isn’t buying the idea – at all. Speaking candidly, O’Leary dismissed the proposal of a U.S. Strategic Bitcoin Reserve, pointing to the lack of bipartisan support and calling out what he sees as self-interest from advocates like MicroStrategy’s Michael Saylor.
“Strategic Bitcoin Reserve will never happen. Michael Saylor is talking about his book.”
While he shot down the Bitcoin reserve notion, O’Leary did highlight the importance of stablecoin regulation. He predicted that forthcoming legislation would reduce transaction costs globally, potentially paving the way for widespread digital dollar adoption.
The Strategic Bitcoin Reserve Bill, introduced by Senator Cynthia Lummis, has sparked mixed reactions across party lines. While states like North Carolina have backed similar efforts, others – including Oklahoma – have firmly rejected them.
Economists remain divided. A recent University of Chicago survey found no consensus among experts regarding Bitcoin’s viability as a national reserve asset. The main concern? Bitcoin’s volatility and its uncertain role within traditional monetary frameworks.
Despite O’Leary’s skepticism, not everyone agrees. Anthony Scaramucci, managing partner at SkyBridge Capital, voiced support for the bill, arguing it could boost the U.S. economy.
He also echoed comments from tech entrepreneur David Sacks, who urged a bipartisan approach and warned that a Republican-only push might be reversed if political power shifts.
Michael Saylor shows support through action. His company, Strategy, recently added a jaw-dropping $180.3 million in Bitcoin, raising its total holdings to 555,450 BTC, with plans to accumulate even more. Saylor remains a vocal supporter of the reserve bill and sees Bitcoin as a cornerstone of future financial infrastructure.
The U.S. isn’t the only country wrestling with Bitcoin’s place in official reserves. The European Central Bank, under President Christine Lagarde, has clearly stated that Bitcoin won’t be part of its reserves anytime soon.
On the flip side, El Salvador has already integrated Bitcoin into its national holdings despite strong pushback from the IMF – highlighting the global split in digital asset policy.
For now, Bitcoin may be winning in the court of public interest, but whether it secures a seat at the national table remains a high-stakes waiting game.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Kevin O’Leary Slams U.S. Bitcoin Reserve Push: “It Will Never Happen” appeared first on Coinpedia Fintech News
As global crypto adoption accelerates, the United States remains hesitant. Despite rising interest in digital assets worldwide, U.S. institutions are still dancing around the idea of making Bitcoin part of a national reserve strategy. And according to investor Kevin O’Leary, that dance won’t be ending any time soon. “It Will Never Happen,” Says Kevin O’Leary …
Meme coins have garnered investors’ interest today more than any other category of crypto assets. Leading the joke tokens was Maneki, who continued the momentum from the previous week.
BeInCrypto has analyzed two other meme coins for investors to watch and the direction in which they are taking.
MANEKI price surged by nearly 28% over the last 24 hours, reaching $0.0028. This significant rise marks a continuation of the altcoin’s rally from the previous week.
The meme coin is expected to maintain its upward trajectory, aiming to breach the $0.0036 barrier in the coming days. A successful breach could attract more investors, sparking inflows and potentially propelling the price even higher. This would enhance the altcoin’s visibility and fuel its growing popularity.
However, if MANEKI fails to hold its support at $0.0022, it could fall to $0.0017. A drop to this level would invalidate the bullish outlook and extend the recent losses, halting its upward momentum.
KEYCAT’s price saw a modest 11% increase today, reaching $0.0035, continuing its rally from the previous week, which now totals 64%. Despite not performing as well as MANEKI, this consistent upward trend could attract investors’ attention.
The next resistance level for KEYCAT is at $0.0040, and to breach this level, the altcoin will likely need broader market support. If successful, this could propel the meme coin toward $0.0053, solidify the current bullish outlook, and fuel further price action, drawing in more investors.
However, if KEYCAT fails to break through $0.0040, it may drop to $0.0030, with further declines possible if this support is lost. Such a fall would invalidate the bullish thesis and signal a potential reversal in price.
POPCAT saw an impressive 115% rise over the past week, positioning it as one of the best-performing tokens. However, despite this surge, the meme coin faced a slight decline in the last 24 hours. The volatility signals a possible shift, though the outlook remains generally positive.
While the recent decline has almost been recovered, POPCAT’s momentum seems to be waning. Currently holding above the $0.244 support, the coin looks poised to bounce back and potentially rise to $0.342. Continued support from the market could allow for a more sustained recovery in price.
However, if POPCAT fails to maintain support at $0.244, the price could fall to $0.205, significantly invalidating the bullish outlook. A break below this support would suggest further price erosion, reversing the recent gains and potentially setting the coin on a downward trajectory.
The post MANEKI Rallies 28% as Cat-Themed Tokens Dominate | Meme Coins To Watch Today appeared first on BeInCrypto.
Despite a wider correction in the crypto market, some altcoins are surging this week, with SPX, WBT, and HYPE leading the charge among top gainers. SPX has jumped over 100% in the past 30 days, solidifying its role as a major meme coin.
WhiteBIT Token (WBT) hit a new all-time high above $38, showing strong momentum despite a broader market pullback. Meanwhile, HYPE continues to dominate the perpetuals market, trading near record highs as its market cap pushes it into the crypto top 10.
SPX has been one of the standout performers among meme coins over the past month, with its price soaring nearly 102% in the last 30 days and another 28% just in the past week.
With a market cap of $1.34 billion and a 24-hour trading volume of $138 million, SPX has firmly established itself as a major player in the meme coin sector.
From a technical perspective, SPX’s EMA lines remain bullish, with short-term averages still above long-term ones—although the gap between them is starting to narrow.
This suggests some weakening in upward momentum, making the support level at $1.22 a key zone to watch. If that level breaks, price could retrace further toward $0.99 and potentially $0.90.
However, if bullish sentiment holds and volume picks up, SPX could retest and possibly break its resistance at $1.74, opening the door for another leg higher.
WhiteBIT Coin (WBT) defied the broader market downturn to set a new all-time high above $38, making it the top-performing coin of the day.
With a 13% gain in the last 24 hours and nearly 23.5% over the past week, WBT has shown notable resilience and strong investor interest despite overall market weakness.
Looking ahead, if bullish pressure continues and market conditions stabilize, WBT could target the psychological levels at $40 and potentially $45.
However, short-term caution remains warranted, as the nearest support at $32.22 will be key to maintaining the current uptrend. A break below that level could trigger further downside toward $30.86.
Hyperliquid’s native token, HYPE, has been trading near all-time highs over the past several days, currently hovering around $40 after briefly touching levels close to $44.
The token is up nearly 64% over the past 30 days, placing it among the top 10 cryptocurrencies by market cap when excluding stablecoins and wrapped assets. This surge reflects Hyperliquid’s dominance in the perpetuals trading space, with the protocol now capturing 76.9% market share—up from 63.7% in December 2024.
From a technical standpoint, HYPE still shows strong bullish momentum, supported by its recent listing on Binance US and ongoing speculation around a potential Binance listing.
If the rally continues, the token could soon break above the $45 mark. However, if price starts to cool and the $38.2 support level is lost, a drop toward $32.63 becomes more likely.
The post This Week’s Largest Altcoin Gainers: How Far Will These Tokens Go? appeared first on BeInCrypto.