Ark Invest CEO Cathie Wood predicts that Bitcoin (BTC) price will surpass $1 million by 2030, which has sparked speculation about what this will mean for altcoins such as Ripple’s XRP in the next five years. If the value of 1 BTC skyrockets to $1 million, what will the XRP price be by 2030? Let’s explore. ARK Invest’s Cathie Wood Forecasts $1M BTC Price While speaking in an interview with CNBC, Cathie Wood shared a bullish forecast for Bitcoin. She noted that by 2030, BTC could rally to as high as $1.5 million. She opined, “We have always had the 2030 target. The base case is in the $700,000 to $750,000 range, the bull case in the $1.5 million range.” Wood opined that such a rally will be driven by Bitcoin taking up gold’s market share, institutional adoption, and a growing use case in the emerging market. This is similar… Read More at Coingape.com
Gate.io, a world-leading cryptocurrency exchange, successfully concluded its 12th Anniversary Global Celebration in Dubai. The two-day series of events gathered investors, blockchain entrepreneurs, and industry leaders from around the world, injecting fresh energy and ideas into the Web3 space. The celebration was made possible with strong support from key partner Huawei, underscoring a pivotal moment in Gate.io’s brand evolution.
Charting the Path to “The Next-Generation Crypto Exchange”
At the main event, Gate.io Founder and CEO Dr. Han delivered a keynote speech, reflecting on the platform’s twelve-year growth journey and key achievements. He also presented the strategic vision for Gate.io, outlining a comprehensive upgrade in both technological capabilities and ecosystem roles for the future of the exchange.
Dr. Han noted that the past twelve years have been marked by a technology-driven, user-first, and long-term vision approach. Standing at a new starting point, Gate.io will continue to strengthen Web3 infrastructure and drive the broader global adoption of crypto. He emphasized, “We are advancing toward the ‘next-generation crypto exchange’. It is a transformation that not only signifies a leap in technology but also a comprehensive evolution in capability.”
Dr. Han further stated that a truly long-term leading exchange must possess five core capabilities: serving billions of users, supporting millions of tokens, executing trillions in trading, providing custody for trillions in funds, and adhering to compliance and regulations. “This is not just a vision of Gate.io. It is the path we are actively building.”
A Convergence of Ideas: Resonating with Web3’s Future Value
More than a celebration, the event served as a high-level forum for dialogue and reflection. During the Fireside Chat, Gate.io CBO Kevin Lee talked to IBC Group Founder and CEO Mario Nawfal for an in-depth discussion on the topic “Crypto Influence in 2025: Still a Net Positive?” In addition, Kevin joined Gate.io CGEO Laura to moderate two dedicated panel discussions, centered on “The drives of the Next Bull Run” and “The Real Value of Web3 Projects”, sparking widespread engagement and lively debate among attendees.
Cross-Industry Synergy: Creating New Web3 Social Experiences
Serving as a prelude, the SPORT3 DUBAI 2025 sports carnival took place on April 29. Featuring a range of athletic competitions including football, badminton, and padel, the event built a vibrant bridge between technology and sports, platforms and users, as well as industry partners. The atmosphere on-site was electric. Gate.io CBO Kevin Lee personally joined the football and padel matches, exemplifying team spirit and competitive drive, while Founder and CEO Dr. Han attended the event, bringing the carnival to an exciting climax.
The success of Gate.io 12th Anniversary Global Celebration reinforced the platform’s pioneering influence in the crypto space and delivered a bold message about the spirit and vision of Web3 connectivity, showcasing its strategic transformation toward becoming the “next-generation crypto exchange”. As Gate.io embarks on its next twelve-year journey, it will continue working hand in hand with global users and partners to usher in a more advanced, collaborative era in the digital asset industry.
Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more details, please read the applicable user agreement.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we discuss the growing influence of stablecoin issuers in the US Treasury market. With growing institutional adoption and regulatory legitimization of US dollar-pegged stablecoins, experts warn of artificial inflation of demand for the dollar.
Crypto News of the Day: Using Government Debt Instruments To Back Digital Dollars is Risky, Keiser Warns
The influence of stablecoin issuers in the US is growing, so much that Tether, which already issues the USDT stablecoin, plans to launch a US-only stablecoin by 2025. Tether aims to position stablecoins as strategic financial tools under the Trump administration.
Stablecoin supply by issuer in billions of US dollars. Source: Bain & Company
This chart shows Tether’s dominance in the stablecoin market, with overall supply going from $2 billion to more than $200 billion in recent years.
Meanwhile, the US Treasury projects stablecoins could reach a $2 trillion market by 2028, which could attract more players.
Nevertheless, as stablecoin influence in the Treasury market grows, the House Financial Services Committee is concerned.
Perhaps, however, the greater concern is stablecoin issuers’ using Treasury yields to buy Bitcoin. According to experts, this could undermine US government reserves.
A recent US Crypto News publication indicated reports of stablecoin issuers using Treasury yields to buy Bitcoin. Some say this could undermine initiatives like the proposed US Strategic Bitcoin Reserve, which aims to bolster national holdings of the pioneer crypto.
Growing Influence of Stablecoin Issuers in US Treasuries Market is Concerning, Max Keiser Says
Among them is Bitcoin pioneer Max Keiser, who voiced concerns over the growing influence of stablecoin issuers in the US Treasury market. Keiser warns that their use of government debt instruments to back digital dollars may have broader implications for the global financial system.
As of Q1 2025, Tether reported holding nearly $120 billion in short-term US Treasury securities and reverse repos. This makes it one of the largest non-sovereign holders of American government debt.
Meanwhile, Circle, issuer of USDC, disclosed more than $22 billion in Treasury bills in a February 2025 attestation.
These holdings collateralize dollar-pegged stablecoins, helping issuers maintain liquidity and trust. The issuers benefit from the interest income generated by the bonds.
While this practice is common and legal, Keiser contends it contributes to deeper systemic issues tied to fiat currency dynamics.
“This is exactly why the stablecoin issuers are buying Bitcoin, this is called a speculative attack on the US dollar. Feeding the debt spiral with fiat stablecoins, buying treasury bills, and then investing the interest into Bitcoin, allowing the stablecoin issuers to buy billions in Bitcoin for free,” Keiser told BeInCrypto.
Stablecoin issuers purchase US debt on secondary markets and earn interest, which they may or may not deploy into digital assets like Bitcoin. Keiser is critical of the broader financial architecture underpinning stablecoins.
“Issuing new stablecoins backed by US T-bills printed out of thin air is not a monetary system, but a financial hologram,” he said.
US Treasury bills are debt instruments issued by the federal government and sold to investors, including private companies like Tether and Circle, through regulated markets. These stablecoin issuers tokenize existing fiat currency held in reserve.
Keiser elaborated on what he sees as the long-term consequences of this model.
“It’s a speculative attack by private banks. It is financial repression, pushing rates down as ‘malinvestments’ increase. It is rinse and repeat,” he explained.
His critique also extends to the broader outlook for the US dollar, which, according to the Bitcoin pioneer, “is a quick, deadly fix; a USD hospice. Cue the final death throes of the US dollar.”
BeInCrypto has contacted Circle and Tether for comment and will update this article if they respond.
Max Keiser Proposes AI To Invent Novel Security Structures
Keiser also highlighted what he views as an emerging trend. He said high-profile investors and technologists use artificial intelligence (AI) and novel corporate strategies to increase Bitcoin exposure.
The Bitcoin maxi referenced Strategy Executive Chair Michael Saylor and investor-turned-politician Vivek Ramaswamy.
“Financial engineers like Michael Saylor and Vivek Ramaswamy are using AI to invent novel security structures to maximize the Bitcoin Treasury model. Vivek Ramaswamy plans to take his company, Strive Asset Management, public by merging with Asset Entities and starting to accumulate Bitcoin using the model that Saylor’s Strategy has already successfully adopted — using proceeds from stock and debt issuance,” Keiser remarked.
Though no confirmed public filings detailing Ramaswamy’s use of AI in this context, Keiser sees these developments as significant.
“The results are redefining finance globally and adding significantly to the Bitcoin demand. OG’s like myself, who have watched Bitcoin outperform everything for 15 years, are seeing, for the first time, investment strategies that are outperforming Bitcoin, and the implications are profound,” he said
Keiser believes such strategies could push Bitcoin’s market value even higher. He also implied that the extraordinary compounding rates of the past could be extended. This sentiment comes as Bitcoin captures more of the total addressable market and scales even higher price points.
The views expressed are those of Max Keiser and do not necessarily reflect the opinions of BeInCrypto.
Chart of the Day
International holdings of US Treasuries in billions of dollars. Source: Bain & Company
This chart shows that stablecoins have become a large holder in US treasuries.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Layer-1 (L1) coin IP has emerged as the market’s top gainer today, defying the broader crypto downturn to post a 4% increase in the last 24 hours.
However, despite the price surge, warning signs are flashing under the surface. On-chain activity remains muted, suggesting the rally may not be backed by strong fundamentals.
Traders Bet Against PI Despite Price Rise
While most cryptocurrencies traded lower on the day, PI has bucked the trend to record gains. However, the rally may not last long, with on-chain metrics signaling growing skepticism among traders.
For example, amid its 4% rally over the past day, IP’s daily trading volume has dipped 38%, indicating that fewer participants support the upward price move.
When an asset’s price rises while its trading volume falls, it suggests that fewer participants are driving the price movement. This indicates weak buying momentum or a lack of broad market support behind the IP price rally.
Such conditions make the coin’s rally unsustainable, increasing the risk of a reversal or pullback.
Furthermore, IP’s funding rate remains negative, reflecting that many traders in the futures market are taking short positions—betting that the price will fall. As of this writing, this stands at -0.14%.
The funding rate is a periodic fee paid between traders in perpetual futures markets to keep contract prices aligned with the spot price. When the funding rate is negative, short traders are paying long traders, indicating that the majority of the market is betting on a price decline.
In IP’s case, the negative funding rate indicates that many traders anticipate a reversal of its recent price rally. This reflects the persistent bearish pressure that has kept the coin’s performance subdued over the past several weeks.
Can IP Rebound? Token Eyes $3.17 If Demand Returns
As of this writing, IP trades at $2.75, hovering above a key support level at $1.59. If demand weakens, IP risks plunge below this floor and potentially fall under the $1 mark.
However, a resurgence in new demand for the altcoin could invalidate this bearish outlook. In that scenario, IP’s price may rebound toward $3.17. A successful break above that resistance could propel the IP token price toward the $4.41 level.
