Roger Ver, once known as “Bitcoin Jesus,” is now facing serious charges, including mail fraud, tax evasion, and filing false returns. But Ver isn’t relying on the courts alone—he’s taking his fight to Capitol Hill.
$600K Lobbying Effort to Influence Congress
According to filings, Ver paid $600,000 to Trump ally Roger Stone to lobby Congress to amend the law he’s accused of breaking. The New York Times reported that Stone was hired in February. Ver denies wrongdoing but admits he struggled to manage his U.S. exit tax, citing Bitcoin market illiquidity at the time. In a January video, Ver made a public appeal to Trump, warning he faces over 100 years in prison for promoting crypto.
Support for Ver is growing. Silk Road founder Ross Ulbricht, serving a life sentence, has called for Ver’s pardon, highlighting Ver’s past support. American economist Jeffrey Tucker also defended Ver, calling him a hero being punished for advocating freedom.
Ver’s push coincides with Trump’s growing support for crypto and retreat from tough SEC regulations. Whether Ver’s lobbying will pay off remains uncertain, but the message is clear: crypto’s future now runs through political corridors.
Why did Roger Ver pay $600,000 to Roger Stone?
Roger Ver paid $600,000 to Roger Stone to lobby Congress to amend the law he is accused of breaking and to influence political support for his legal battle.
Is Donald Trump’s pro-crypto stance likely to help Roger Ver’s case?
Trump’s softer stance on crypto could create a more favorable political environment, but it’s unclear if it will directly impact Ver’s legal outcome.
How did Bitcoin’s illiquidity cause Ver’s tax issues?
Ver claims Bitcoin’s market was too illiquid when he renounced his U.S. citizenship, making it difficult to sell enough coins to cover his exit tax obligations.
Bitcoin price forecast on Thursday May 1 reflects cautious optimism as BTC fails $96,000 breakout out test for the third day running.
Bitcoin stalls at $95,500 as resistance holds for third day
Bitcoin (BTC) faced firm resistance at the $96,000 mark on Wednesday, halting its short-term rally and confirming a sell-wall at $95,500 for the third consecutive session. The asset continues to oscillate near its all-time highs but has struggled to post a decisive breakout this week.
Market participants have been eyeing a sustained move above $96,000 as a trigger for renewed bullish momentum, but waning volume and macroeconomic caution have weighed down BTC price action.
Bitcoin price action | Coingecko
As of Wednesday’s close, BTC had posted a modest 0.4% gain over 24 hours and was up 0.7% on the week, according to CoinGecko. The global cryptocurrency market cap held at $3.04 trillion, reflecting a 2.8% daily gain, but much of the momentum remains concentrated in Bitcoin and Ethereum.
BTC dominance stands near 62%, as altcoins lag after the US SEC delayed verdicts on ETF filings till June.
BlackRock moves to tokenize $150B Treasury Fund via blockchain infrastructure
BlackRock has filed with the U.S. Securities and Exchange Commission (SEC) to create a blockchain-enabled digital share class for its $150 billion Institutional U.S. Treasury Money Market Fund. The new share class, named DLT Shares, aims to implement blockchain technology for recordkeeping and real-time ownership tracking on a distributed ledger.
BlackRock launched $150B Money Market Fund | April 28, 2025 | Source: SEC.gov
According to the filing, the fund will not use blockchain for managing portfolios or holding cryptocurrencies. Instead, DLT Shares will be structured to mirror existing shares while utilizing blockchain to improve settlement transparency and reduce administrative friction. The offering will be limited to institutional investors, with a minimum investment threshold set at $3 million.
BNY Mellon has been named as the primary infrastructure partner, responsible for integrating and maintaining the blockchain-based recordkeeping system. This development marks a significant step in the financial industry’s incremental adoption of blockchain—not through digital assets, but through tokenized infrastructure that supports legacy systems.
Although the product does not involve crypto exposure, its implications for market sentiment are far-reaching. Institutional adoption of blockchain-enabled infrastructure could legitimize the broader crypto ecosystem, offering tailwinds to assets like Bitcoin through narrative alignment and technological validation.
Looking Ahead: How will Blackrock’s $150B fund impact BTC price
The short-term outlook for Bitcoin remains cautiously optimistic, contingent on a clean break above the $96,000 resistance. BlackRock’s move to incorporate blockchain in one of its largest funds is likely to resonate positively among institutional investors and digital asset stakeholders—even in the absence of direct crypto exposure.
If BTC maintains support above $94,000 and manages a high-volume breakout past $96,000, the $100,000 target could come into play in the coming weeks. In the absence of major macroeconomic shocks or regulatory headwinds, blockchain adoption by traditional finance giants like BlackRock may provide a subtle but powerful bullish undertone.
Bitcoin price traded at $94,280 at press time after printing a narrow-bodied candle, extending its consolidation just below the $95,500 resistance. Price action over the past five sessions reveals a firm ceiling just under $96,000, where sell-side pressure continues to reject upside attempts.
Notably, Bitcoin remains within the upper range of the Keltner Channel bands, with the upper envelope at $95,414 now acting as the immediate upside threshold. A breakout and close above this level could trigger fresh momentum toward the $98,000–$100,000 range.
Bitcoin price forecast today leans bullish, supported by the relative strength index (RSI), which prints at 88.35—firmly in overbought territory. Historically, an RSI above 85 reflects sustained buying interest rather than an imminent reversal, especially when accompanied by stable or rising volumes, as seen here. The RSI moving average (RSI MA) below at 76.60 offers a lagging but firm bullish signal. Volume, while modest at 185 BTC, has been consistent, showing no signs of a selloff panic.
If Bitcoin price rejects the $95,400 upper KC band again, a corrective pullback to the $90,500 midline could be on the cards.
Over the past two months, macroeconomic uncertainty has heightened crypto market volatility. Bitcoin has retracted from its $109K high, while altcoins have faced even steeper declines. According to Coinglass data, investor sentiment has shifted from a phase of “greed” to one of “fear,” sparking debate over whether this is merely a dip or the onset of a bear market.
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Dogecoin price is attracting renewed attention from technical analysts, with several chart formations pointing to a meme coin rally. According to multiple analysts, DOGE price is displaying a combination of technical indicators and structures that suggest the potential for a 10X rally. These include a breakout from a triangle pattern, a developing “cup and handle” formation, and historical pattern similarities to the 2017 bull market.
Dogecoin Price Prediction: Chart Patterns Point to 10X Meme Coin Rally
In a recent post on X, analyst Trader Tardigrade shared a chart showing the MACD indicator breaking out from a triangle formation. This setup has historically been linked with strong upward momentum in Dogecoin price. The MACD breakout is accompanied by a rounded bottom pattern, often seen as a preparatory phase before bullish moves.
Notably, during previous instances in September and March, similar MACD triangle breakouts occurred. In both cases, the breakout led to a rapid acceleration in Dogecoin price. These historical movements suggest that the current meme coin rally may lead to a new all-time high.
Source: X
The MACD lines have crossed again in recent sessions, with the indicator moving above the triangle’s downtrend line. Analysts are observing similar conditions that were present during previous rallies. The upward curl in the price structure reinforces the breakout narrative.
Meanwhile, following the recent move by House of Doge, market analysts are forecasting a 16% rise in Dogecoin price as bullish momentum builds.
Cup and Handle Pattern Suggests Upside Toward $2.00
Additionally, according to Crypto Elites, DOGE price is forming a cup and handle pattern, a technical formation often associated with bullish continuation. The rounded bottom of the cup has already developed, and the handle phase is underway. This formation typically leads to a breakout once the price surpasses the neckline resistance.
The key resistance level is positioned near $0.185. A confirmed break above this threshold could open the door to a sharp upward movement. Based on this chart pattern, the projected target is in the $1.85 to $2.00 range. The projection is calculated using the depth of the cup formation.
Source: X
However, the analyst noted that the current retracement to the handle’s lower range may act as a support zone. This area has historically been where momentum builds ahead of breakouts.
Historical Behavior Resembling 2017 Cycle
Concurrently, analyst KrissPax has identified similarities between the current Dogecoin price movement and the 2017 bull run. KrissPax posted a chart on X that compares both periods, showing the current phase aligning closely with the structure before DOGE price previous surge. According to the chart, the current meme coin cycle could extend beyond the previous all-time high.
KrissPax projected that the top meme coin could rise to $4 if the second major breakout occurs, similar to the 2017 pattern. While this is a longer-term scenario, it is based on recurring patterns observed in past market cycles.
A recent CoinGape report supports the bullish outlook on DOGE price, noting that a breakout above the $0.18 resistance could ignite a meme coin rally toward the $20 mark.
