Cathie Wood still bullish on $1.5M Bitcoin price target: Finance Redefined

2 hours ago

This week, cryptocurrency markets staged a long-awaited recovery, pursuing 4 consecutive weeks of downside momentum.

Bitcoin’s (BTC) terms reclaimed the $90,000 intelligence people connected Wednesday, bringing immoderate much-needed alleviation for Bitcoin exchange-traded money (ETF) holders, who were erstwhile again backmost successful nett arsenic BTC traded supra the cardinal $89,600 flow-weighted outgo ground of ETF buyers.

Bolstering capitalist sentiment, Cathie Wood, the CEO and main concern serviceman of ARK Invest, said the company’s $1.5 cardinal Bitcoin bull marketplace terms prediction remained unchanged, pointing to billions successful returning liquidity pursuing the extremity of the US authorities shutdown.

The crypto marketplace betterment followed a crisp summation successful expectations of involvement complaint cuts successful the US, with likelihood rising by 46% successful a week. Markets are pricing successful an 85% accidental of a 25 ground constituent involvement complaint chopped astatine the US Federal Reserve’s Dec. 10 meeting, up from 39% a week before, according to the CME Group’s FedWatch tool.

However, Bitcoin is inactive facing the worst November successful 7 years, arsenic the world’s archetypal cryptocurrency is down astir 17% connected the monthly chart, contempt the period averaging 41% historical Bitcoin returns, according to blockchain information supplier CoinGlass.

Cathie Wood says ARK’s $1.5 cardinal Bitcoin bull terms hasn’t changed arsenic markets oculus rally

Equities and cryptocurrency markets whitethorn beryllium mounting up for a year-end reversal arsenic liquidity improves and US monetary argumentation turns much supportive pursuing the extremity of the grounds authorities shutdown.

Improving marketplace conditions volition beryllium driven by the expanding liquidity, which has already returned $70 cardinal into markets since the extremity of the US authorities shutdown, with different $300 cardinal expected to instrumentality implicit the adjacent 5 to six weeks arsenic the Treasury General Account normalizes, according to concern absorption institution ARK Invest.

Another imaginable catalyst volition get connected Dec. 1, erstwhile the US Federal Reserve is scheduled to extremity its quantitative tightening programme and pivot toward quantitative easing, a displacement that involves bond-buying to little borrowing costs and stimulate economical activity.

“With liquidity returning, quantitative tightening (QT) ending December 1st, and monetary argumentation turning supportive, we judge conditions are gathering for markets to perchance reverse caller drawdowns,” wrote Ark successful a Wednesday X post.

Crypto and AI liquidity compression whitethorn ease

The existent “liquidity squeeze” limiting the upside of the cryptocurrency and artificial quality markets is acceptable to “reverse successful the adjacent fewer weeks,” wrote Cathie Wood, the CEO and main concern serviceman of ARK Invest, successful a Thursday X post.

Earlier successful April, ARK Invest predicted a 2030 Bitcoin (BTC) terms people of $1.5 cardinal successful the company’s “bull case,” and a $300,000 terms people successful the “bear case.”

Despite the caller crypto marketplace correction and stablecoins subtracting from Bitcoin’s relation arsenic a safe-haven asset, the bullish terms people remains unchanged.

“The stablecoins person accelerated, taking immoderate of the relation distant from Bitcoin that we expected,” but the “gold terms appreciation has been acold greater than we expected,” explained Wood during a webinar connected Monday, adding:

“So net, our bull price, which astir radical absorption on, truly hasn’t changed.”

Continue reading

UK takes “meaningful measurement forward” with projected DeFi taxation overhaul

The UK has floated a caller taxation model that eases the load connected decentralized concern (DeFi) users, with deferred superior gains taxes connected crypto lending and liquidity excavation users until the underlying token is sold, which the section manufacture has welcomed.

HM Revenue and Customs (HMRC) proposed connected Wednesday a “no gain, nary loss” attack to DeFi that would screen lending retired a token and receiving the aforesaid benignant back, borrowing arrangements and moving tokens into a liquidity pool.

Taxable gains oregon losses would beryllium calculated when liquidity tokens are redeemed, based connected the fig of tokens a idiosyncratic receives backmost compared to the fig they primitively contributed, according to the proposal.

Currently, erstwhile a idiosyncratic deposits funds into a protocol, careless of the reason, the determination whitethorn beryllium taxable to superior gains tax. In the UK, superior gains taxation rates can alteration from 18% and 32%, depending connected the action.

Tax model a “positive signal” for UK crypto regulation

Sian Morton, selling pb astatine the crosschain payments strategy Relay protocol, said HMRC’s nary gain, nary nonaccomplishment attack is simply a “meaningful measurement guardant for UK DeFi users who get stablecoins against their crypto collateral, and moves taxation attraction person to the existent economical world of these interactions.”

“A affirmative awesome for the UK’s evolving stance connected crypto regulation,” she added.

Maria Riivari, a lawyer astatine the DeFi platform Aave, said the alteration “would bring clarity that DeFi transactions bash not trigger taxation until you genuinely merchantability your tokens.”

“Other countries facing akin questions whitethorn privation to instrumentality enactment of HMRC’s attack and the extent of probe and information down it,” she added.

Continue reading

DWF Labs launches $75 cardinal money for “institutional phase” of DeFi

Crypto marketplace shaper and Web3 concern steadfast DWF Labs says it is investing up to $75 cardinal successful decentralized concern projects that could enactment organization adoption.

The institution shared its announcement via X connected Wednesday, saying the money volition enactment projects with “innovative value” propositions that tin standard to enactment large-scale adoption.

“The inaugural volition people blockchain projects gathering dark-pool perpetual DEXs, decentralized wealth markets, and fixed-income oregon yield-bearing plus products, [...] areas the steadfast believes are poised for large maturation arsenic crypto liquidity continues its structural migration onchain,” DWF Labs said.

As portion of the announcement, DWF Labs managing partner Andrei Grachev emphasized the value of gathering DeFi infrastructure “with existent utility” that tin support organization demand.

“DeFi is entering its organization phase,” helium said, adding: “We’re seeing existent request for infrastructure that tin grip size, support bid flow, and make sustainable yield.”

The money volition absorption connected projects built crossed Ethereum, BNB Smart Chain and Solana, arsenic good arsenic Coinbase’s Ethereum layer-2 Base.

Alongside superior injections, DWF Labs volition besides connection enactment successful ways specified arsenic “TVL and crypto liquidity provisioning, hands-on go-to-market strategy and execution support,” entree to partnered exchanges, marketplace makers, infrastructure providers and institutions successful crypto.

Continue reading

Balancer assemblage proposes program to administer funds recovered from hack

Two members of the Balancer protocol assemblage submitted a connection connected Thursday outlining a organisation program for a information of the funds recovered from the protocol’s $116 cardinal November exploit.

About $28 cardinal from the $116 cardinal heist was recovered by achromatic chapeau hackers, interior rescuers and StakeWise — an Ether (ETH) liquid staking platform.

However, the connection covers lone the $8 cardinal recovered by achromatic chapeau hackers and interior rescue teams, portion the astir $20 cardinal retrieved by StakeWise volition beryllium distributed separately to its users.

The authors projected that each reimbursements should beryllium non-socialized, meaning that funds would beryllium distributed lone to the circumstantial liquidity pools that mislaid the funds and paid retired connected a pro-rata ground according to each holder’s stock successful the liquidity pool, represented by Balancer Pool Tokens (BPT).

Reimbursements should besides beryllium paid in-kind, with victims of the hack receiving outgo denominated successful the tokens they mislaid to debar terms mismatches betwixt antithetic integer assets, according to the authors.

The Balancer hack was 1 of the “most sophisticated” attacks successful 2025, according to Deddy Lavid, the CEO of blockchain cybersecurity institution Cyvers, highlighting the request for crypto idiosyncratic information arsenic information threats proceed to evolve.

Continue reading

Nasdaq-listed Enlivex plans $212 cardinal RAIN token play with ex-Italian PM onboard

A Nasdaq-listed biotech steadfast is raising $212 cardinal successful a late-cycle pivot into crypto, readying to bargain the token of a decentralized prediction marketplace adjacent arsenic different digital-asset treasuries (DATs) conflict to enactment afloat.

Enlivex Therapeutics (ENLV), a clinical-stage macrophage reprogramming immunotherapy company, said connected Monday it plans to rise $212 cardinal done backstage concern successful nationalist equity, selling 212 cardinal shares astatine $1 each. The terms represents an 11.5% discount to Friday’s close, according to the company’s filing with the US Securities and Exchange Commission.

The institution plans to put the bulk of the $212 cardinal successful Rain (RAIN), the inferior token down the Rain decentralized prediction marketplace connected the Arbitrum network, marking the archetypal firm strategy centered connected a prediction marketplace token, according to a Monday announcement shared with Cointelegraph.

“We spot prediction markets arsenic 1 of the astir breathtaking emerging sectors successful the blockchain space,” with “exceptional” semipermanent maturation potential, Shai Novik, enforcement president astatine Enlivex Therapeutics, told Cointelegraph.

“By entering now, we payment from a first-mover vantage successful a fundamentally beardown category.”

When asked astir the crushed for choosing the Rain protocol, Novik said that its “decentralized” architecture stood out, arsenic it serves arsenic a “scalable exemplary which supports planetary entree and growth.”

Enlivex expects to implicit its Rain purchases wrong 30 days of the offering’s close.

Continue reading

DeFi marketplace overview

According to information from Cointelegraph Markets Pro and TradingView, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the green.

The SPX6900 (SPX) memecoin roseate implicit 43% arsenic the week’s biggest winner, followed by the Layer-1 blockchain Kaspa’s (KAS) token, up 39% during the past week.

Thanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.

View source