Cryptocurrency
BTC Rejected at $100K After $1.5B Bybit Hack, SEC to Halt Coinbase Lawsuit: Your Weekly Crypto Recap

It was a relatively slow and quiet uneventful week for the cryptocurrency markets but Friday turned the tables around with some big news.
But before we dive into the major developments that took place earlier today, let’s focus on the price movements over the past week. Recall that the largest digital asset spiked to $99,000 last Friday where it was met by the bears and was not allowed to progress toward the coveted six-digit territory.
The weekend was quite sluggish as BTC traded at around $97,000. The market started to retrace as the new business week began, which culminated on Tuesday afternoon with a massive crash for bitcoin that drove it to under $93,500. This became its lowest price point since the early February massacre.
Nevertheless, the cryptocurrency reacted well after this nosedive and regained its composure rather rapidly. Within the next few days, it had rebounded to around $96,000 and began its gradual increase toward $100,000.
Earlier today, BTC peaked at just under $99,600 following major news from Coinbase’s CEO, Brian Armstrong. The exec indicated that the lawsuit between the exchange and the US securities regulator will be dismissed as early as next week by the SEC.
However, the bitcoin bulls had little time to celebrate as one of Coinbase’s competitors – Bybit – was hit with a massive $1.5 billion hack. The news, especially since it was confirmed by the company’s CEO, sent shockwaves through the market and BTC tumbled by over two grand within minutes.
BTC has recovered some ground since then and now sits slightly above $98,000, which means it has increased by 1.5% since this time last week. TRX and LTC are the two top performers from the larger-cap alts, while SOL and DOGE have plunged the most, followed by LINK, TON, SUI, SHIB, PEPE, and many others.
Market Data
Market Cap: $3.363T | 24H Vol: $129B | BTC Dominance: 58.1%
BTC: $98,500 (+1.6%) | ETH: $2,748 (+0.5%) | XRP: $2.63 (-3.2%)
This Week’s Crypto Headlines You Can’t Miss
Coinbase CEO Boasts About SEC Lawsuit Dismissal – Is Ripple Next? The CEO of Coinbase, Brian Armstrong, took to social media to reveal that the US Securities and Exchange Commission is planning to withdraw its case against the exchange. The decision to dismiss the lawsuit, however, is still pending approval, which is expected by next week.
Bitcoin Decouples From S&P 500 – Good or Bad for BTC? Throughout the past three weeks, it appears that the correlation between the S&P 500 and Bitcoin has been on the decline. As of a few days ago, it actually dropped to zero, suggesting good times ahead for bitcoin, at least according to historical performances.
SEC Withdraws Appeal in DeFi Dealer Classification Case. The SEC has willingly withdrawn its appeal of a ruling that blocked its attempt to expand existing securities regulations to decentralized finance (DeFi). Coupled with its decision to drop the case against Coinbase, the week has been very positive for the industry in this specific regard.
Trump Declares End to Biden’s Crypto Policies. US President Donald Trump has officially declared the end of Biden’s policies related to cryptocurrencies. Bitcoin’s price and the broader crypto market experienced an uptick in response.
Meme Coin Meltdown: Crypto Community Turns Against Speculative Tokens. Multiple cryptocurrency proponents have spoken against the speculative nature of meme coins following the latest scandal that made waves in the media, such as ‘Libragate.’ It’s related to the meme coin, which received public endorsement from the president of Argentina.
Litecoin (LTC) Surges 46% in Just 2 Weeks on ETF Buzz. It turns out that Litecoin, regarded by many as a ‘dino coin,’ is one of the best performers in the past two weeks. The cryptocurrency soared by more than 46% during that period as expectations of an LTC ETF approval in the US mounted.
Charts
This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Solana – click here for the complete price analysis.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Can Ripple (XRP) Hit $10 in 2025? ChatGPT Answers

TL;DR
- The cryptocurrency space is full of bullish and sometimes relatively ridiculous price predictions for members’ favorite assets, so we decided to ask ChatGPT for its opinion on whether XRP has the legs to make a mind-blowing surge to double-digit territory.
- It believes such a whopping 320% pump from current levels will require some “substantial developments.”
$10 Mission Possible?
The XRP Army, one of the most vocal communities in crypto, has outlined some massive predictions for the underlying asset, ranging from describing it as a modern-day Manhattan real estate opportunity to putting a future price tag of $100.
While these might sound a bit far-fetched at the moment, given XRP’s price of $2.38, we asked ChatGPT for another popular target – $10. After all, it would require a more modest 320% surge by the end of the year, something that Ripple’s token has done in the past – the last time was in late 2024/early 2025, when it shot up by even bigger percentages.
The AI solution noted that the lawsuit resolution against the SEC, which is not officially over yet, even though both parties agreed to a $50 million settlement, has opened the door for XRP to gain further traction as it has “removed a significant uncertainty, potentially boosting investor confidence and institutional interest.”
In terms of that institutional adoption, ChatGPT said a potential approval of a spot Ripple ETF in the States could skyrocket the underlying token’s price. The odds are relatively high, with Polymarket predicting a 79% chance for such a product to hit the US markets by the end of the year.
Lastly, the AI chatbot outlined the overall crypto market dynamics. The arrival of the much-anticipated altseason, which has been highly speculated in the past few weeks, could be among the biggest gain drivers for the second-largest non-stablecoin alt.
But These Challenges…
ChatGPT believes reaching a $10 price tag is not an easy task and comes with its own set of challenges. One of them is the actual size of XRP in terms of market cap, as it would require the metric to shoot up to $580 billion or even more, given the billion tokens released every month. This would put it at levels almost twice as high as ETH’s current one.
XRP also faces a lot of competition not only in the cryptocurrency space where investors can choose from thousands of altcoins, but in the traditional payment system where it serves as a cross-border token. As such, ChatGPT concluded:
“While reaching $10 is within the realm of possibility, it would require a confluence of favorable factors, including increased adoption, positive market sentiment, and supportive regulatory developments. Investors should consider these factors and conduct thorough research when evaluating XRP’s potential.”
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Cryptocurrency
Metaplanet Hits All-Time High $6M Q1 Revenue as BTC Holdings Surge 3.9x

The Japanese hospitality firm Metaplanet has disclosed record-breaking earnings for the first quarter of the year, primarily attributing the success to its Bitcoin treasury strategy.
According to the firm’s Q1 Earnings Report, its Bitcoin strategy contributed 88% to its revenue of 877 million Japanese yen ($6 million). Metaplanet’s consistent BTC accumulation has also earned it the spot of the 11th-largest public company by bitcoin holdings globally and number one in Asia.
Metaplanet Posts Record Q1 Financials
From January 1 to date, Metaplanet has added 5,034 BTC to its balance sheet, increasing its holdings by 3.9x to 6,796 BTC. These purchases were funded by a moving-strike warrant program, which enabled the company to issue equity without setting a fixed discount or strike.
As of May 10, the hospitality entity had executed 87% of the program, raising 76.6 billion yen ($524.8 million) and becoming the largest public equity issuer in the country. With the funds raised, Metaplanet has achieved approximately 68% of its near-term 10,000 BTC goal at a cost basis of 13.27 million yen ($90,929) per BTC.
Although the company recorded a 7.4 billion yen ($50.7 million) unrealized loss on its BTC position by the end of the quarter due to market prices, bitcoin’s recent rally has fully reversed the losses. The firm reported unrealized BTC gains of 13.5 billion yen ($92.5 million) as of May 12.
Evaluating its treasury performance, Metaplanet reported a BTC yield of 170% and a BTC gain of 2,996 BTC. These metrics measure the growth in BTC per diluted share and the BTC per shareholder unit.
Embracing a Bitcoin Treasury
Metaplanet said last quarter’s report posted the strongest financial result in its 20-year corporate history. The company’s core operating metrics and Bitcoin treasury key performance indicators (KPIs) also broke its records for the first time.
The entity recorded an operating profit of 593 million yen (over $4 million) after an 11% uptick quarter-on-quarter. Revenue rose 8%, while total assets surged 81% to 55 billion yen (more than $376.8 million) within the same time frame.
Due to the success of its Bitcoin treasury strategy, Metaplanet is urging other companies to consider adopting Bitcoin, offering its capital strategy as a blueprint.
“Our results speak for themselves: we don’t set targets to feel safe—we set them to exceed them, quarter after quarter. The global feedback loop between capital markets and Bitcoin is just beginning. Metaplanet intends to be its premier conduit,” the company said.
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Cryptocurrency
Bitcoin Dominance Dives in May as Altcoins Form Golden Cross

It’s a sign of a bullish market for all crypto assets that are not called BTC. Last time this happened in 2021, a bevy of popular altcoins returned cryptocurrency buyers 28,000% by the end of the market cycle.
Bitcoin Dominance Takes 4% Spill
Bitcoin’s market share fell from 65% to 61% between May 7 and May 13, according to TradingView. Markets haven’t seen that 65% level of BTC dominance over altcoins since 2021.
That year was the altseason, as crypto veterans like to call it, that launched Dogecoin’s price tens of thousands of percent upward in under 12 months.
Meanwhile, in 2021, a $100 Shiba Inu investment went from Jan. 1, 2021, to over $14 million by Mar. 2023. Two unemployed Millennial brothers from Westchester, NY, invested $8,000 in Shiba Inu that year after a family friend told them about it.
There are hundreds of trillions of dollars out there.
There are only 21 million #Bitcoin.
Do the math.
— Samson Mow (@Excellion) May 8, 2025
As Bitcoin boosters like to say: Do the math.
While a 4% dip in Bitcoin dominance may seem like a small fraction, the numerator here is a global Internet currency with a two trillion dollar market cap on May 7.
That’s something like an $80 billion dip in market share against altcoins over six days in May. Furthermore, Bitcoin’s price and market cap grew by 7% during those six days, even as its wedge on the pie chart shrank.
Altcoins Form Bullish Golden Cross
Meanwhile, an index of altcoin prices formed a golden cross in May, potentially signaling bullish momentum into a prolonged bull run.
As one popular crypto YouTube analyst reported on May 13, the total altcoin market cap for major currencies has formed a golden cross. That’s when a shorter-term moving average crosses from below to above a longer-term moving average.
Altseason incoming. golden cross hit.
Last time this happened in 2021, alts went +28,000%
2025 just did the same.
if you fumble this run, you deserve to stay broke.Don’t fade the rotation.#crypto #altcoins #bullrun pic.twitter.com/ZZp7z2nrcT
— Bitcoin Duniya (@bitcoin_duniya) May 13, 2025
The moving average for a cryptocurrency is the periodically updated average of all its prices over a previous period. Traders use that to get a sense of the market’s inertia.
If the last market cycle’s performance repeats on this round, the total altcoin market cap could exceed $5 trillion sometime by 2026. Here are five more signals that altseason may soon commence.
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