A French company bets big on BTC and takes the pot!
Welcome to the Daily Tribune of Friday, March 28, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it is Friday, March 28, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
Sam Bankman-Fried cast aside by everyone after a shocking revelation
Sam Bankman-Fried, sentenced to 25 years in prison for fraud, was discreetly transferred to Oklahoma after an explosive interview with Tucker Carlson. During this exchange, he confessed that despite the 40 million dollars paid to the Democrats before the 2022 elections, they abandoned him without political support.
EU banks still shun cryptos despite demand
A study by Bitpanda reveals that less than 20% of European banks offer crypto-related services despite growing demand. About 40% of institutional investors already hold digital assets, but financial institutions remain reluctant due to internal constraints. The lack of offerings could drive clients towards specialized platforms.
An XRP ETF this year? Polymarket estimates the chances at 85%
After Ripple's victory against the SEC, speculations about an XRP ETF are skyrocketing. According to Polymarket, there is an 85% chance that the SEC will approve an XRP ETF before the end of the year. The withdrawal of the SEC's appeal, which concludes four years of legal battle, paves the way for renewed institutional interest in the token.
A French company bets 47 million on Bitcoin and its stock explodes on the stock market
The Blockchain Group acquired 580 BTC for 47 million euros, becoming the first "Bitcoin Treasury Company" in Europe. This strategy inspired by Strategy (formerly MicroStrategy) has seen its stock surge by 226% since November. This initiative illustrates the growing attraction of companies for strategic Bitcoin reserves.
The crypto of the day: Chainlink (LINK)
Chainlink is a decentralized platform that serves as an intermediary between smart contracts on the blockchain and real-world data. It enables smart contracts to securely access external data, APIs, and payment systems, thus solving the problem of interoperability between blockchains and external data sources. This feature is important for the development of decentralized applications (dApps) and requires real-time information, such as decentralized finance (DeFi) applications, parametric insurance, and blockchain games.
The native token of Chainlink, LINK, is primarily used to compensate node operators who provide accurate and reliable data to smart contracts. LINK holders can also participate in the network as node operators by staking their tokens to secure the network and earn rewards.
Recent performances:
Current price: 14.23 $ USD
24-hour change: -9.02%
Market capitalization: 9.12 billion dollars
Rank on CoinMarketCap: #12
Bitcoin soon at the peak? An expert gives a 75% chance to this scenario
According to Timothy Peterson, an economist specializing in blockchain network analysis, Bitcoin has a 75% chance of reaching a new ATH (All-Time High) by the end of 2025. This forecast is based on an analysis of 10 years of historical data, highlighting recurring seasonal patterns. He indicates that Bitcoin is currently operating in the lower 25% of its historical range, which statistically strengthens the probabilities of a bullish reversal.
Why is this forecast credible?
Timothy Peterson bases his analysis on Bitcoin's seasonality, observing April and October, traditionally marked by positive monthly returns of +12.98% and +21.98% respectively. He also points out that Bitcoin historically has a one in two chance of recording a rise of over 50% in the short term. This methodological approach relies on tangible data rather than speculation, which distinguishes this analysis from purely intuitive forecasts.
Meanwhile, technical indicators show that the price zone between 84,000 and 85,000 dollars represents a critical threshold for institutional investors and whales. A drop below this level could trigger massive selling, but if this level holds, Bitcoin could aim for 90,000 dollars amidst sustained demand, especially with the upcoming halving in April 2025.
What risks and uncertainties remain?
While the probability of an increase is high, global economic uncertainties and the Fed's monetary policy decisions remain significant volatility factors. Furthermore, even if seasonality plays in Bitcoin's favor, whales and institutional investors might decide to take their profits quickly, leading to sharp corrections.
Finally, although forecasts are favorable, there is no certainty in the crypto markets, known for their unpredictability. Investors should therefore keep in mind that, even if the bullish dynamics seem strong, a trend reversal remains always possible.
