Amid calls of Bitcoin price rally to $500K and $1 million by 2030, maximalist Willy Woo said that on a realistic basis, BTC’s compounded annual growth rate (CAGR) will drop under 10%, from the current 40%. Woo’s projections come from historical data, setting up some realistic expectations. He explains how BTC is gaining prominence as a global macro asset. Willy Woo Explains Why Bitcoin CAGR Will Drop In the Next Decade Prominent analyst Willy Woo has offered insights into Bitcoin’s Compound Annual Growth Rate (CAGR), highlighting a shift in its growth dynamics over recent years. Woo explained that Bitcoin’s explosive growth phases, like the 100%-plus CAGR seen before 2017, are now part of its history. Woo further stated that 202 was a pivotal year as it became institutionalized, and corporations and sovereign entities began to accumulate the assets. Furthermore, with the arrival of spot BTC ETFs in January 2024, institutional… Read More at Coingape.com
The US DOJ just published a new directive claiming it will stop investigating and criminally charging crypto exchanges, mixers, and offline wallets.
This has produced a mixed response from the crypto community. Some sectors are jubilant about the potential freedom for business, while others fear the growing problem of fraud and criminal money laundering.
Today, the Department of Justice (DOJ) released a statement claiming it will no longer investigate crypto entities.
“The Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations,” the DOJ’s statement claimed.
The DOJ’s statement applies to cryptocurrency exchanges, wallets, and crypto mixers like Tornado Cash. It builds on the Department’s previous announcement today, claiming that it disbanded the National Cryptocurrency Enforcement Team.
The department gives itself room to prosecute individual bad actors, but only in specific circumstances.
However, the department is now moving on from crypto. According to today’s announcement, it will even drop any ongoing investigations against such entities immediately.
We will wait to see what happens with the Tornado Cash and Samourai Wallet prosecutions. But the memo from the Deputy Attorney General yesterday is right on target: we should be going after bad guys. Not the developers of good tools that bad guys happen to use. pic.twitter.com/h8taM5BvGm
— Peter Van Valkenburgh (@valkenburgh) April 8, 2025
Also, it will not pursue legal liability for developers whose code is used by others to commit crimes, and it has closed all active investigations.
While it was expected that the department would lower its crypto enforcement under Trump, the complete laissez-faire decision has caught the crypto by surprise. Following the news, Tornado Cash (TORN) surged nearly 10% today.
The Department also asked regulators to review victim compensation laws. Although this is arguably a victory for crypto, it may also enable future finance crimes.
The DOJ is disabling its ability to target criminals on exchanges and mixers, with little guarantee that it can enforce the law. In other words, it may be removing critical guardrails to prevent future disasters.
“Crypto lobby: ‘Sure, Trump nixed the Crypto Enforcement Team, directed Major Fraud prosecutors to stop prosecuting crypto cases, and is trying to exempt crypto platforms from the Bank Secrecy Act, but they wrote right here that they care about stopping crypto crime! Reject the evidence of your eyes and ears!’” claimed crypto researcher Molly White.
Overall, it’ll be difficult to fully predict the implications of the department’s new policy on exchanges. For now, this directive will give many crypto-related businesses the freedom to conduct operations as they see fit.
Hopefully, business will proceed as usual without any serious controversies.
CAKE, the native token of decentralized exchange (DEX) PancakeSwap, is today’s top gainer, defying broader market trends.
The token has recorded a modest 3% gain over the past 24 hours, outperforming leading assets like Bitcoin (BTC) and Ethereum (ETH), which are both down by roughly 1% each during the same period. Technical indicators suggest that the rally could continue as it is backed by significant demand from market participants.
CAKE Climbs as Trading Volume Soars 88%
Amid the lull of the broader market over the past week, CAKE has managed to record gains. Currently trading at $2.48, the token has climbed by 9% since May 31.
This bullish trend continues today, evidenced by the trading volume surge accompanying CAKE’s price growth. The token’s trading volume is up 88% over the past day, pointing to heightened investor interest and growing demand for the DeFi asset.
When an asset’s trading volume rises alongside its price, it signals strong buying interest and confirms the strength of the upward price move. This combination suggests growing investor confidence in CAKE and hints that the upward trend may continue in the near term.
Moreover, readings from the altcoin’s BBTrend indicator support this bullish outlook. Observed on a one-day chart, the indicator is currently at 12.76, posting only green histogram bars since May 9.
The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When it returns red bars (negative values), the asset’s price consistently closes near the lower Bollinger Band, reflecting sustained selling pressure and hinting at the potential for further downside.
Conversely, as with CAKE, when BBTrend values are positive, it typically signals a strong uptrend. At 12.76, the momentum indicator confirms increasing bullish pressure among CAKE holders, suggesting that the current rally may have further room to run.
Bullish Indicators Emerge for CAKE, But Will $2.81 Hold?
CAKE’s rising Relative Strength Index (RSI) lends credence to this bullish outlook. As of this writing, the indicator is at 54.75 and in an upward trend.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
CAKE’s current RSI setup shows a steady rise in token accumulation, a pattern that could drive further price growth.
If current sentiment and volume levels persist, CAKE could extend its gains to $2.81 in the near term.
