Track market-moving stories before they get noisy

Bitcoin Finds Opportunity in PBOC Rate Cuts and Moody’s US Credit Downgrade

Bitcoin has declined following Israel’s airstrikes on Iran, while gold has seen an increase, reigniting debate over Bitcoin’s safe haven status.

Specifically, Bitcoin experienced renewed volatility on Friday following a significant geopolitical escalation, as Israel launched airstrikes on Iran. The conflict, which led to sharp moves across global markets, triggered a pullback in major cryptocurrencies, including Bitcoin.

Bitcoin briefly dropped below $103,000 before recovering slightly to trade at $103,964, marking a 3.66% decline in 24 hours. The largest crypto had maintained levels above $107,000 since June 9 but failed to sustain gains amid growing geopolitical tensions.

Alongside Bitcoin, Ethereum also registered sharp losses, dropping as much as 7.6% at one point during the session.

Bitcoin Critics React After Gold Outperformed Meanwhile, traditional safe haven assets like gold and oil saw gains. Gold climbed to $3,421, an increase of $38.60 or 1.14%, while oil prices jumped by 5%, signaling investors’ shift toward perceived safer assets.

This divergence fueled renewed criticism of Bitcoin’s ability to serve as a hedge during macroeconomic uncertainty. Former Chief Market Strategist Gil Morales argued that the price reaction exposed Bitcoin’s nature as a speculative asset rather than an alternative store of value. He likened its behavior to that of a tech stock, stating that in a risk-off environment, Bitcoin declines like any other risk asset.

How Could Anyone Consider Bitcoin? The contrasting movements of Bitcoin and gold reignited already running debates around the narrative of Bitcoin as “digital gold.” Peter Schiff, Chief Economist and a long-time Bitcoin critic, pointed to market reactions as evidence that investors still turn to physical gold in times of crisis. 

Israel attacks Iran. Oil prices jump 5% while S&P futures fall 1.5%. In response, investors seeking a safe haven buy gold, sending its price up 0.85%. Meanwhile, investors dump Bitcoin, pushing its price down 2%. How can anyone consider Bitcoin to be a digital version of gold?

— Peter Schiff (@PeterSchiff) June 13, 2025

Schiff noted that while the S&P 500 futures dropped by 1.5%, and oil surged, gold’s price rose as expected. In contrast, Bitcoin saw a sell-off. As a result, Schiff questioned:

“How could anyone consider Bitcoin as a digital version of gold?”

Some market participants countered this argument by highlighting logistical challenges in trading physical gold. They claimed that selling gold through platforms like JM Bullion can result in significant transaction costs, up to 10% when factoring in shipping and insurance.

Others criticized gold’s limited utility in the digital era, arguing that Bitcoin, despite recent declines, remains more adaptable and efficient. Schiff, however, disputed the cost claim, stating that selling gold should not incur such high expenses.

Further Bitcoin Backlash Despite Historical Bitcoin Outperformance As the market digested the broader implications of the Israel-Iran conflict, additional criticism surfaced regarding Bitcoin’s market behavior during crises.

Jacob King, CEO of WhaleWire, argued that Bitcoin historically performs poorly during geopolitical or economic shocks. 

War erupts in the Middle East between Iran and Israel — and Bitcoin crashes like dead weight.

The truth is, Bitcoin isn’t a safe haven. It thrives only in calm markets, propped up by Tether-fueled speculation and artificial demand.

Whenever real crises hit — whether it’s… pic.twitter.com/rx2XNgp8Hh

— Jacob King (@JacobKinge) June 13, 2025

He attributed this to speculative demand and emphasized that Bitcoin thrives only in stable markets.

Bitcoin Maxis Still Exist Despite the criticisms, comparisons between Bitcoin and gold have remained a central theme. A user cited historical price growth as a reason to consider Bitcoin superior, noting Bitcoin’s rise from $0.30 in 2011 to over $112,000 in 2025. In contrast, gold rose from $1,150 to a range between $2,838 and $3,375 over the same period.

Moments before this turmoil, Mike Novogratz, CEO of Galaxy Digital, predicted that Bitcoin could eventually reach $1 million, driven by rising institutional demand. Speaking on CNBC, he said Bitcoin is gaining status as a macro asset, now viewed alongside gold, silver, and major indexes like the S&P 500.

He pointed to reduced global confidence in the U.S. dollar and BlackRock’s involvement as key factors accelerating this shift.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

The relative volatility of the world's leading cryptocurrency by market cap has been in a massive downtrend over the past several months. 

In fact, Bitcoin is becoming less volatile relative to the S&P 500, the major stock market index. 

Historically, Bitcoin was viewed as an extremely risky asset due to its high volatility compared to traditional markets.

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Now, however, its volatility ratio has dwindled, and Bitcoin is behaving more like a traditional asset. 

Andre Dragosch, head of research at Bitwise, has noted that Bitcoin is now transitioning from a risky asset to a safe-haven asset.

NOTE: Bitcoin's relative volatility has been in a structural downtrend and it's now on par with the S&P 500 over the past 3 months. #Bitcoin is gradually transitioning from a risky asset to a safe-haven asset. pic.twitter.com/mVlwNcLs1H

— André Dragosch, PhD⚡ (@Andre_Dragosch) July 3, 2025 Over the past several weeks, Bitcoin has been mostly range-bound. Earlier today, the cryptocurrency spiked to an intraday high of $110,386, according to CoinGecko data. 

As reported by U.Today, banking giant JPMorgan recently stated that Bitcoin had failed as a safe-haven asset during the global trade turbulence. The banking behemoth noted that gold exchange-traded funds were attracting inflows during the crisis while Bitcoin ETFs suffered. 

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Some skeptics of the likes of Canadian billionaire Frank Giustra, argue that Bitcoin has never actually traded like gold. 

Bloomberg analyst Mike McGlone, who recently turned bearish on Bitcoin, argued last month that the $100,000 level could be the ceiling for Bitcoin due to prevailing risk-on sentiment. 

Fidelity's Jurrien Timmer previously noted that the leading cryptocurrency is capable of acting both as a safe haven and a risk-on asset, comparing it to Dr. Jekyll and Mr. Hyde.

Historic Stock Market Crash Patterns Are Back – Will Bitcoin React? | US Crypto News

Chainlink founder Sergey Nazarov provides an insight into how Bitcoin could reach a jaw-dropping target of at least $10 million per coin. 

Recently, the Chainlink founder sat down with Austin Arnold of Altcoin Daily to discuss Bitcoin and its potential path to a $10 million target. 

Bitcoin as a Safe-Haven Asset  During the 10-minute interview, Nazarov characterized Bitcoin as a digital gold that benefits from global instability, especially as people seek safe-haven assets. 

He suggested that while an asset like Bitcoin is seen as a safe-haven asset, it makes sense if this trend is viewed through the lens of diversification. For Nazarov, diversification is the major defining word in the last 70 years of asset management. 

The principle of diversification encourages spreading investments across different asset classes to reduce risk while providing a hedge against these instabilities. 

He opined that if Bitcoin and gold are safe-haven assets amid global instability, then investors might decide to allocate 5% of their portfolios in gold and 2.5% in Bitcoin. This modest allocation, according to him, could drive Bitcoin’s price up significantly. 

Bitcoin’s Path to $10M  When asked how high Bitcoin could rise and whether it might reach 1% of the global money supply, he suggested that he would measure adoption by the level of capital large investors commit to the asset, rather than its share of global money. 

He noted that if Bitcoin is seen as a safe-haven asset and global instability rises, then global capital allocation into BTC could spike to a few percent. He suggested that the shift from traditional financial instruments to Bitcoin could send BTC’s valuation to a multi-trillion-dollar range. 

Hypothetically speaking, he said, if sovereign wealth funds and pension funds ignore equity and commodities and allocate 50% of their capital into Bitcoin, its price could rise to tens of millions of dollars, or at least $10 million. 

However, he does not believe such an allocation will ever happen because it violates the principle of diversification. 

Other Bitcoin to $10M Projections  Despite being skeptical about sovereign wealth managers allocating 50% of their portfolios to Bitcoin, the $10 million projection is not new to BTC enthusiasts. 

Earlier this year, JAN3 CEO Samson Mow suggested that Bitcoin could be trading around the $10 million mark if people understood its prospects. 

In May, Equity Management Associates founder Lawrence Lepard, while calling Bitcoin a once-in-a-lifetime opportunity, projected that Bitcoin would clinch the $10 million target someday. For context, the $10 million target represents a spike of 8,607% from Bitcoin’s current price of $114,846. 

Tokenization Will Be a Massive Success for Crypto  Meanwhile, Nazarov also commented on the rise of tokenization and its potential market impact. He referred to tokenization as a larger trend, given the hundreds of trillions of dollars that currently exist off-chain. 

He expects tokenization to have a positive impact on the crypto industry. According to him, moving 5-10% of that value on-chain would be a massive success for crypto. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

“I Haven’t Been Right Yet” – Tim Draper Doubles Down on $250K Bitcoin Call

16.06.2024 - 21:07

Update: 16.06.2024 - 21:07

There were developments in the Bitcoin and cryptocurrency markets where volatility increased extremely due to the influence of the FED and the week closed in the red zone as a result of a sudden decline in the BTC price.

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Table of contents

The DODO team has announced the launch of DODOchain, an Omni-Trading Layer3 blockchain powered by Arbitrum Orbit, EigenLayer, and AltLayer. DODOchain stands as a pioneering Layer3 solution, bridging the Layer2 networks of Bitcoin and Ethereum and consolidating liquidity from diverse chains into a single platform.

DODO, since its inception in August 2020, has been a trailblazer in the crypto space. It introduced its unique Proactive Market Maker (PMM) algorithm, significantly enhancing capital efficiency and offering improved exchange rates. With the release of DODO V2 in February 2021, the platform expanded its offerings to cater to a broader range of assets and user groups. As of now, DODO operates on the mainnet of 14 blockchains, boasting over $141 billion in total trading volume, more than 24 million transactions, and a user base exceeding 3.31 million.

https://twitter.com/DODO_Chain/status/1782431708752859395

In the evolving landscape of blockchain technology, DODO identified the fragmented liquidity, high costs associated with multichain operations, security risks of cross-chain bridges, and the complexity of interacting with multiple blockchains as significant challenges facing Layer2 solutions. With an unwavering commitment to innovation, DODO proposes DODOchain as a transformative solution to these challenges, aiming to break down barriers between EVM and non-EVM ecosystems and enable the free flow of assets across different chains.

Bridging Blockchain Ecosystems with Layer3 Innovation DODOchain, as a Layer3 solution, focuses on providing customized functions to overcome the limitations of Layer2 in terms of cross-chain interoperability. Acting as a bridge between blockchain ecosystems such as Ethereum, BTC, and Solana, Layer3 facilitates the free flow of data and transactions, enabling seamless connectivity and significantly reducing network fees.

Utilizing Arbitrum Orbit, DODOchain aims to offer users faster transaction execution, minimal gas costs, and higher stable returns. In addition to these benefits, DODOchain will provide omni-chain liquidity outposts, offering users a full suite of products and services including Omni Trade, Omni Liquidity, and Omni Mining. Furthermore, DODOchain will feature a BTC L2 and ETH L2 Connector, enabling connections to BTC L2 and ETH L2 and attracting new users and assets to the platform. Additionally, DODOchain will offer native staking yields for assets, enhancing the overall trading and user experience.

To enhance its capabilities and ensure the security and efficiency of its platform, DODOchain has partnered with key industry players. Arbitrum Orbit offers DODOchain enhanced scalability, efficiency, and ease of use while maintaining the security guarantees of the Ethereum ecosystem. Eigenlayer, with its EigenDA component specializing in data availability, will enable DODOchain to leverage Ethereum’s consensus and security features.

Furthermore, DODOchain has adopted AltLayer’s restaked rollups infrastructure based on EigenLayer’s powerful restaking mechanism, strengthening network security, decentralization, and facilitating rapid deployment and cross-chain interoperability. The DODOchain Testnet provides an opportunity for users to experience the seamless, efficient, and secure ecosystem that DODOchain aims to create for cross-chain trading and liquidity sharing. Explore the DODOchain Testnet at dodochain.com.

Overall, DODOchain introduces a rollup-level liquidity layer that unifies liquidity from various chains. With its support for swaps and cross-chain transactions, DODOchain aims to streamline asset integration and movement in the Omni-chain era, offering a seamless, efficient, and secure ecosystem for cross-chain trading and liquidity sharing.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.

Cryptocurrencies have had a difficult performance this week as many investors started to take profits. Bitcoin price retreated to a low of $62,000, down from last week’s high of $73,500. Other coins like Ethereum, Render, Solana, and Near Protocol also dipped. 

This decline also happened as many Grayscale Bitcoin Trust (GBTC) holders liquidated their positions because of the significant fee. GBTC has an expense ratio of 1.50%, higher than the iShares Bitcoin Trust’s (IBTC) 0.25%. This article looks at some of the top cryptocurrencies to watch like Bitcoin Dogs (ODOG), Ribbon Finance (RBN), and Sui.

Ribbon Finance price forecast Ribbon Finance is a Decentralized Finance (DeFi) platform that enables users to earn sustainable yield through decentralized options and lending. The platform has over $34 million in total value locked (TVL). Its Ribbon Earn and Ribbon Lend also have millions in assets.

RBN price has done well in the past few weeks as it jumped from last year’s low of $0.1462 to a high of $1.91 this month. This was a 1,231% increase from bottom to the top. Its market cap has jumped to more than $746 million. 

Ribbon has constantly remained above the 50-day and 100-day Exponential Moving Averages (EMA), which is a bullish sign. Most recently, it has formed a bullish engulfing candlestick pattern and then rose for three straight days.

My view is that the coin is attempting to form a double-top pattern, meaning that it may continue rising as investors continue buying the dip. If this happens, the next point to watch will be at $1.70, which is about 23.47% above the current level. This view will become invalid if the price crashes below this week’s low of $1.2050. 

Bitcoin Dogs price prediction Bitcoin Dogs is one of the best-performing new cryptocurrencies this year. The developers recently ended its token sale, which raised over $13 million in just a month. This made it the best-performing token sale in the industry.

Bitcoin Dogs is yet to go public in centralized and decentralized exchanges (DEX) but the developers have pledged that this will happen soon.

There are a few reasons to be optimistic about this. First, the token launch will happen in a time when the crypto industry is in a bull market. The total market cap of all cryptocurrencies has jumped to more than $2.6 trillion.

Second, it is one of the most hyped cryptocurrencies in the market. It already has thousands of holders, which is a good thing. Also, the developers are working to create real utility for the token. This will include features like a 1,000 NFT collection and a gaming platform.

Most importantly, most of the newly launched meme coins have done well. This includes tokens like Book of Meme, Solama, and Pepe. You can learn more about Bitcoin Dogs here.

Sui price prediction Sui has evolved to become one of the best-performing cryptocurrencies. Its blockchain project has attracted hundreds of developers and thousands of users. As a result, the total value locked (TVL) in the ecosystem has jumped to a record high of over $700 million.

Sui price has been in a strong bullish trend this year. It has risen in the past three straight days and is now hovering near its highest point since February 15th. The token has constantly remained above the 50-day and 100-day Exponential Moving Averages. 

Therefore, Sui token will need to clear the important resistance point at $1.9697, its highest point in February to invalidate the double-top pattern. If this happens, it will open the possibility of it soaring to $2.50.

PANews reported on May 28th that, according to SoSoValue data, the cryptocurrency market declined across the board after several days of consolidation. The RWA sector led the decline with a 6.57% drop in the past 24 hours. Within the sector, Keeta (KTA) and Pendle (PENDLE) fell by 11.88% and 13.36% respectively. Meanwhile, Bitcoin (BTC) fell 2.13%, breaking below $75,000; Ethereum (ETH) fell 2.61%, dropping to around $2,000.

In other sectors, the PayFi sector fell 0.86% in the last 24 hours, with Stellar (XLM) bucking the trend and rising 17.04%; the CeFi sector fell 1.54%, with NEXO (NEXO) remaining relatively strong, rising 0.73%; the Meme sector fell 1.87%, with SPX6900 (SPX) falling 5.87%; the Layer 1 sector fell 2.27%, with Zcash (ZEC) falling 6.47%; the Layer 2 sector fell 2.98%, with Celestia (TIA) falling 6.04%; and the DeFi sector fell 3.29%, with Ondo Finance (ONDO) falling 7.45%.

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Decentralized cross-chain liquidity protocol THORChain experienced a price surge of 14% on Aug. 14 morning, making it one of the leading gainers in the crypto market.

With a one-day trading volume above $272 million, THORChain (RUNE) gained nearly 13.6% and exchanged hands around $3.70 at the time of writing. RUNE allows crypto users to exchange digital tokens across several blockchains, including Bitcoin.

RUNE 24-hour price chart — Aug. 14 | Source: crypto.news This recent uplift in THORChain‘s market performance is partly due to its new partnership with Kujira, which aims to enhance the liquidity within Kujira’s suite of decentralized finance applications. This collaboration seeks to bolster growth and stability for both platforms.

A distinctive feature of their partnership is the community-driven token raise, which contrasts with traditional fundraising methods by allowing wider community involvement. The initiative is designed to manage existing financial obligations and synchronize the economic interests of both the Kujira and THORChain communities, fostering a stronger interconnection and resilience within their ecosystems.

Additionally, the partnership encompasses strategic and operational adjustments to mitigate similar financial issues in the future.

THORChain has also formed alliances with SwapKit and Noble to integrate stablecoins into the THORChain AppLayer. Noble will facilitate this integration by providing native USDC issuance, enhancing the user experience by simplifying deposits into the AppLayer with single-click functionality.

These collaborative efforts are indicative of a larger trend in the defi space, where platforms are joining forces to improve liquidity, user engagement, and overall financial stability.

Additionally, Bitcoin’s (BTC) recent surge past the $61,000 mark on Aug. 13 likely played a significant role in THORChain’s upturn. BTC, the largest cryptocurrency, rose by over 3%, with trading volumes around $29.2 billion.

BTC’s market cap also increased by 3.14% to $930 billion as of press time. This surge in Bitcoin’s metrics came a day after spot BTC exchange-traded funds experienced net positive flows, which were more than five times greater than those of spot Ethereum ETFs.

Meanwhile, the global crypto market cap also saw a 2.3% increase in the last 24 hours, standing at $2.14 trillion at the time of writing.

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PANews reported on April 21 that, according to SoSoValue data, the cryptocurrency market saw a slight rebound, with the NFT sector performing particularly well, leading the gains with a 3.80% increase in the past 24 hours. Among them, Blur (BLUR) rose 13.35%, and Pudgy Penguins (PENGU) rose 7.50%. Meanwhile, Bitcoin (BTC) rose 1.73%, returning above $76,000; Ethereum (ETH) rose 1.28%, breaking through $2,300.

In other sectors, the SocialFi sector rose 5.63% in the last 24 hours, with Toncoin (TON) and Chiliz (CHZ) rising 5.62% and 12.54% respectively; the Meme sector rose 1.66%, with Binance Life rising 10.37%; the Layer 2 sector rose 1.53%, with ImmutableX (IMX) rising 7.38%; the PayFi sector rose 1.42%, with Safe (SAFE) rising 7.91%; the CeFi sector rose 1.39%, with Gate (GT) rising 2.79%; the Layer 1 sector rose 1.16%, with Canton Network (CC) rising 5.06%; and the DeFi sector rose 0.40%, with Curve DAO (CRV) rising 4.10%.

Bitcoin is back in green, so are major altcoins

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The crypto market is beginning to feel bullish again – CoinMarketCap’s Fear and Greed Index has increased by three points in the past 24 hours. Tokens like World Liberty Financial, Aster, and Artificial Superintelligence Alliance are all up over 10%, and some smaller tokens are performing even better.

This comes after a period of deep fear and a mass exit of weak hands in mid-October. However, the current shift indicates something significant: bulls are regaining control of the market.

Could this be the start of the Q4 rally? That’s the consensus among smart money traders, with several exciting predictions recently emerging. But one area drawing particular attention is the meme coin space.

We’ve identified three projects that top analysts are calling the best meme coins to buy. All three are breaking away from the traditional meme coin playbook and doing something entirely different. Let’s take a look at these projects and why they might be this cycle’s top choices for meme coin gains.

Table of Contents

PEPENODEMemeCoreBitcoin HyperVisit Bitcoin Hyper. Pepe is the biggest meme coin to launch this cycle, peaking at a $10 billion valuation in December 2024. And even though its price has fallen alongside that of many altcoins from their cycle highs, it remains the third-largest meme coin by market cap.

So imagine if someone harnessed the brand power of Pepe coin and expanded it into a much larger ecosystem – because that’s what PEPENODE is doing. It’s building the world’s first Mine-to-Earn meme coin, which essentially is a memeified, gamified version of crypto mining.

Users start with a virtual server room, spend PEPENODE tokens to buy Miner Nodes and generate mining power, then earn meme coin rewards. It’s a full-fledged on-chain economy, and PEPENODE is the native utility token. This is why top analysts like Crypto Tech Gaming rank it as the best meme coin to buy now.

PEPENODE is currently in a presale, with $1.9 million raised so far, indicating strong investor demand.

However, in the grand scheme of things, a $1.9 million raise leaves tons of room for investors to get in early and potentially secure huge gains. Visit PEPENODE.

MemeCore MemeCore is another innovative project that completely reverses the typical meme coin model. It’s developing a Layer 1 blockchain for meme coins, powered by a unique consensus mechanism called “Proof of Meme.”

The project claims to be creating ‘Meme 2.0’ – an era where meme coins evolve from speculative assets into long-term cultural and economic movements.

What’s notable about MemeCore is the speed at which it has become a major player in the meme coin space, with its price soaring by 3,700% this year, making it the fourth-largest meme coin, behind only Dogecoin, Shiba Inu, and Pepe.

Although this means less upside potential compared to a new launch like PEPENODE, its explosive growth and focus on innovation make it hard to ignore. Regarding its price potential, analyst Nilhius predicts a 50% increase to over $3 in the coming weeks.

https://x.com/NihilusBTC/status/1980738849597796359

Bitcoin Hyper Bitcoin Hyper is doing something no other project has done before: building a Bitcoin Layer 2 blockchain powered by the Solana Virtual Machine. This setup doesn’t just offer Solana-level speed and fees; it also makes Bitcoin Hyper interoperable with Solana, enabling ecosystem apps like Pump.fun and Believe to seamlessly migrate to the Layer 2 and leverage Bitcoin’s security and liquidity.

There is $2.2 trillion in mostly idle liquidity on Bitcoin. If just 0.1% of that flows into the HYPER ecosystem, there would be tremendous opportunities for gains. That’s why analyst Umar Khan predicts that HYPER could see 100x (10,000%) returns, potentially surpassing the ROI of MemeCore.

Currently, investors can purchase Bitcoin Hyper during its ongoing presale at a discounted rate $0.013165 per token.

The presale has already raised an impressive $24.6 million, making it one of the strongest fundraising events in the market right now.

Visit Bitcoin Hyper. Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Fri 30 May 2025 ▪ 4 min read ▪ by Luc Jose A.

Summarize this article with:

While the giants of finance cautiously move forward in the crypto field, Paris Saint-Germain surprises by integrating bitcoin into its cash reserves. This bold choice goes beyond mere image management. It marks a turning point in how cryptocurrencies are perceived outside the financial sector. By establishing itself as a pioneer in the professional sports world, PSG illustrates the progressive expansion of bitcoin into unexpected spheres and confirms its growing foothold in institutional strategies.

In Brief Paris Saint-Germain becomes the first major European club to adopt Bitcoin as a treasury reserve. This decision marks a new step in institutional crypto adoption, far beyond the financial sector. The choice of Bitcoin reflects a strategic will: diversification, monetary independence, and a cutting-edge technological image. This initiative could inspire other sports clubs to explore crypto to strengthen their financial stability. PSG Secures Part of Its Treasury in Bitcoin The growing adoption of bitcoin by institutions is confirmed, as exemplified by JPMorgan now allowing its clients to invest in bitcoin, illustrating a shift in how major banks perceive cryptocurrencies. In this dynamic, Paris Saint-Germain becomes the first European football club to integrate bitcoin into its cash reserves.

This PSG initiative thus marks a decisive step in crypto adoption by entities outside the traditional financial sphere.

Indeed, this adoption fits into a context where large institutions, as well as certain tech companies, explore cryptocurrency options to diversify and secure their capital.

Through this operation, PSG confirms a strategic direction already initiated in blockchain technologies. The club had previously innovated through :

The issuance of Fan Tokens, allowing supporters to influence certain symbolic club decisions ; Partnerships with NFT platforms for the sale of exclusive digital content ; Proactive communication about blockchain as a lever for engagement and monetization. The addition of Bitcoin to its treasury extends this spirit of innovation and could signal a desire to firmly anchor cryptocurrencies in the club’s financial structure.

No details have been disclosed yet regarding the amount of bitcoin acquired or the technical management modalities. However, the message is clear: PSG is no longer merely experimenting with blockchain uses; it now bets on its financial potential.

A Strategic Decision with High Symbolic and Economic Significance While the announcement may have surprised some observers, it fits within a dynamic where clubs seek to diversify their income and reserves to guard against economic volatility.

PSG’s choice echoes that of some American tech companies such as the strategy of Michael Saylor, which also converted part of their treasury into bitcoin.

Adopting bitcoin as a reserve asset also sends a clear signal in favor of more decentralized and sovereign finance.

This decision could trigger a contagion effect among other sporting entities, especially those looking for new growth drivers or brand valuation. In a sector where a cutting-edge technological image counts as much as sports results, PSG positions itself as a trailblazer.

The current macroeconomic context, marked by uncertain monetary policies and bond yields under pressure, provides fertile ground for exploring alternative solutions such as cryptocurrencies.

The future will tell whether this direction remains an isolated publicity stunt or initiates a global movement of integrating bitcoin into sports finances. As institutions gradually adopt cryptocurrencies, PSG’s decision could well be viewed retrospectively as a milestone in bitcoin’s mainstream acceptance. For now, it crystallizes the growing interest from unexpected sectors in the perceived benefits of decentralized finance.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

In increasing numbers, real-world businesses and Web 2.0 services are adopting blockchain technologies, developing decentralized applications (dApps) and transitioning to Web 3.0. This technological shift offers significant advantages and brings value adding benefits, such as decentralization, tokenization, transparent incentivization models, fair governance, and more.

But do blockchains exist today that can overcome the current challenges blocking mass adoption — such as scalability, technical complexity, and the resulting user-unfriendly functionality?

In this overview, we’ll consider the VeChainThor layer-1 blockchain (the core of the VeChain ecosystem) and explore one of its most important upgrade series — VeChain Renaissance — which may play a crucial role in enabling real mass adoption.

VeChain History VeChain is a blockchain ecosystem that was co-founded in 2015 by Sunny Lu, who still serves as CEO. With an extensive professional history, including experience as CIO of Louis Vuitton China and in Bitcoin mining from 2013, he recognized the powerful potential of smart contracts and their ability to solve real-world economic and business challenges.

After two years operating as a private consortium chain, the VeChain Foundation was launched in 2017, and the core of the ecosystem — the VeChainThor blockchain — was launched in 2018, with its genesis block mined in June of that year. The blockchain was purpose-built with features that solved many of the contemporary challenges facing its client network, including tools that paid gas fees on behalf of business users, transaction batching to make hashing data more efficient, and eventually, ToolChain, an off-the shelf product designed to help businesses spin up dApps easily.

In the years that followed, the blockchain continued to innovate, launching new products including the VeWorld crypto wallet and VeChain’s ‘Web3 App Store’ VeBetter – an incentivized, community-driven platform that rewards actions around sustainability. Today, VeChain stands as a truly underrated leader in the Real-World Asset (RWA) space, with products that are tokenizing millions of user actions through various dApps, demonstrating real-world adoption of blockchain technology and its usage on a daily basis.

What is VeChainThor? VeChainThor is a layer-1 blockchain whose core mission is to enable practical, widespread global adoption of blockchain technology. One of the main strategies for achieving this goal currently centers on the VeBetter ecosystem, a key product that brings together various X-2-Earn dApps with real-world use applications that reward users for participation. Notably, two of these dApps have already surpassed 1 million users. dApps, in some way, tackle the UN’s SDGs, ranging from health to waste reduction, to sustainable transport. The goal is to build a lifestyle platform, where users can use VeBetter apps throughout the day, earning rewards for making the world better, in some way.

VeChainThor currently operates on the Proof of Authority (PoA) 2.0 consensus algorithm, which relies on a pre-selected set of trusted and reputable validators to process transaction blocks. As part of the VeChain Renaissance roadmap, VeChainThor’s consensus mechanism will be migrated to a WDPoS model, opening up the network and enhancing its decentralization and security, while creating a deflationary tokenomic model via modifications to the VET <> VTHO dynamic. 

This approach enables VeChainThor to achieve high throughput, with finality achieved after one epoch (180 blocks). Testing showed its capacity to handle up to 10,000 transactions per second, as well as high scalability. What also sets VeChainThor apart from most other blockchains is its uninterrupted operation. Since 2018, the network has maintained 100% uptime without any interruptions, which is critically important for real-world adoption and operation of large-scale dApps. 

VeChainThor also offers multiple important features that significantly improve onboarding and support broader adoption:

Controllable transaction lifecycle: With the BlockRef and Expiration fields within the transaction model, users can set the time when a transaction is processed or expired if it has not yet been included in a block, preventing user funds getting trapped in the memepool. Clauses (Multi-Task Transaction): Clauses are an additional data structure within the VeChainThor transaction model which enables a transaction to carry multiple payloads within a single transaction. This lets users batch hundreds of transactions in a single ‘master transaction’, increasing efficiency and saving costs.  Fee delegation: Allow users to use dApps and make transactions without owning any cryptocurrency. For example, you can simply install a wallet and start using a dApp right away — without needing to buy crypto, transfer it to your wallet, or deal with any extra steps. Transaction dependency: Set dependencies on a transaction to ensure the execution order meets the business need, transactions that specify a dependency will not be executed until the required transaction is processed. This can ensure either all transactions succeed, or none are executed, preventing important data loss.  VeChainThor Token Model VeChain uses a unique two-token model that involves two separate tokens, each with its own function. This system makes transaction fees predictable, adjustable, and less affected by market volatility, which is a crucial factor for applications. Let’s take a closer look at the VeChainThor tokens:

VET: The native utility token, used for governance (VET stakers can participate in voting on ecosystem changes), staking, value storage, generating VTHO (gas token) and accessing ecosystem services. VTHO: The gas token used to pay for transactions on the network. Currently, it is automatically generated for all VET holders, but after upcoming updates, it will be generated exclusively through VET staking. What is the VeChain Renaissance? The VeChain Renaissance is a series of major upgrades to the VeChainThor blockchain, scheduled throughout 2025 and rolled out in three key phases: Galactica, Hayabusa, and Interstellar. Each upgrade will be implemented through governance voting.

The Renaissance introduces several important innovations aimed at improving staking and increasing rewards through a new tokenomics and distribution model, a new staking platform, StarGate, enabling full EVM and JSON RPC compatibility, and boosting decentralization through an upgraded consensus algorithm. We’ll explore each of these upgrades in more detail, phase by phase, in chronological order.

Galactica Phase The first phase of the VeChain Renaissance is now live on mainnet as of July 1, 2025, following a testnet period, with all upgrades successfully merged with VeChainThor.

Dynamic Fee Market with 100% VTHO Burn With this upgrade, VeChainThor significantly enhances its security by introducing dynamic gas fees that adjust based on network load. This mechanism helps prevent spam attacks that could otherwise throttle the network — for example, by flooding it with thousands of meaningless microtransactions to delay or block the network’s continuous operation.

Additionally, a network adjustment has been introduced for the VTHO token, where 100% of the transaction fees are now burned (VTHO serves as the gas payment token). Moreover, users can speed up their transactions by paying additional fees to validators. This helps reduce the supply of VTHO tokens, creating a deflationary environment.

Typed Transactions With this upgrade, VeChainThor can seamlessly identify and process different types of transactions using a new standardized transaction format. This modular design lets the network grow and improve without disrupting current ecosystem operations. 

Shanghai EVM Upgrade Developers can now easily migrate various popular EVM toolkits and dApps to VeChainThor and benefit from unique features such as the two-token model, fee delegation and multi-clause transactions. This also supports VeChain’s broader goal of mass adoption, as the Ethereum ecosystem is one of the largest in the industry — with a vast number of developers and users.

Hayabusa Phase The second phase of the Hayabusa upgrade began rolling out on July 1st, with full mainnet integration planned by end Q4 2025. This phase includes several updates that are already delivering visible benefits for users.

StarGate: New Staking Platform StarGate is a staking platform launched on July 1st, featuring a unique NFT-based staking collateral mechanism. It serves as the native platform for users to stake VET (the utility token of VeChainThor) and mint an NFT in return. This NFT represents the staked VET collateral and acts as a delegation instrument. Simply put, holders can become delegators, participating in network operations and earning rewards in VTHO tokens.

Note: The validator delegation mechanism is not yet live and is planned for activation by the end of December 2025.

The staking system itself has also been enhanced and made more decentralized through the introduction of multiple new staking tiers. Depending on the selected tier, delegators receive a multiplier on their staking rewards:

Delegator VeThor X (600,000 VET): 2.0× staking rewards multiplier Delegator Strength X (1,600,000 VET): 3.0× multiplier Delegator Thunder X (5,600,000 VET): 4.0× multiplier Delegator Mjolnir X (15,600,000 VET): 5.0× multiplier Delegator Strength (1,000,000 VET): 1.5 multiplier, capped at 2,500 NFTs (max 2.5 billion VET staked) Delegator Thunder (5,000,000 VET): 2.5 multiplier, limited to 300 NFTs (max 1.5 billion VET) Delegator Mjolnir (15,000,000 VET): 3.5 multiplier, limited to 100 NFTs (max 1.5 billion VET) As introduced in the VeChain Renaissance, three new accessible tiers are now live, significantly lowering the barrier for beginner users to entry and expanding the potential delegator base:

Delegator Dawn Node (10,000 VET): 1.0 multiplier, capped at 500,000 nodes (max 5.0 billion VET) Delegator Lightning Node (50,000 VET): 1.15 multiplier, limited to 100,000 nodes (max 5.0 billion VET) Delegator Flash Node (200,000 VET): 1.3 multiplier, limited to 25,000 nodes (max 5.0 billion VET) In addition to its technical advantages, StarGate also aligns with important regulatory developments. This includes compliance with recent US rulings on Proof of Stake (PoS) networks and the European Union’s Markets in Crypto-Assets (MiCAR) regulation, a regulation rule designed to regulate crypto assets and protect investors. Achieving MiCAR compliance for both VET and VTHO strengthens VeChain’s legal standing and transparency. As a result, StarGate also serves as a platform for onboarding institutional participants, who may become validators on the network.

Early Bird Staking Program with 5.48 Billion VTHO in Rewards Alongside the standard staking rewards tied to network participation, VeChain launched a 6-month Early Bird Staking Program starting July 1st. During this period, a total of 5.48 billion VTHO (~$11 million+) will be distributed as additional rewards to early participants. No additional actions are needed to participate — a tier simply needs to be selected on StarGate, and a minimum of 10,000 VET staked. 

Core Tokenomics Upgrades Under the VeChain Renaissance, some major changes are coming to VeChain’s tokenomic model. The native VeChain token, VET, retains its utilities, with one key change: VET tokens staked as Economic/X Nodes can now be used as collateral to mint new “Delegator” Staking NFTs. These NFTs can then be delegated to Validator Nodes to earn a share of block rewards.

The biggest upcoming changes will affect the VTHO token. Once the Hayabusa stage of VeChain Renaissance merges with mainnet, VTHO, currently generated automatically by all VET tokens, will only be created by VET tokens being staked, with VTHO issuance linked to the total amount of VET staked.This will significantly reduce inflation of VTHO, which, alongside increased consumption via the gas fee market, and 100% base fee burning, help to support the VeChain ecosystem’s long-term value through deflationary tokenomics.

Consensus Mechanism Updates: Weighted Delegated Proof of Stake (WDPoS)  VeChainThor currently operates on the Proof of Authority 2.0 (PoA 2.0) consensus mechanism, which has proven highly effective—maintaining 100% uptime since its launch in 2018 with no network interruptions. However, further enhancements are planned. The network is in the process of transitioning to a Weighted Delegated Proof of Stake (WDPoS) model, which will be fully activated after the Hayabusa phase is merged into mainnet. This transition aims to significantly increase the level of decentralization within the blockchain, as it enables VET stakers to delegate NFTs that represent staked VET as collateral, allowing broader participation in validator selection and overall network governance.

Interstellar Phase Interstellar is the final, third phase in the series of major Renaissance upgrades for VeChainThor, targeted for the last quarter of 2025.

Full Compatibility With The Ethereum Ecosystem The update will add full JSON-RPC support and complete EVM compatibility, enabling VeChainThor to work seamlessly with all Ethereum tools and infrastructure. This will open the door for thousands of developers to build on and migrate dApps to VeChainThor, fostering strong cross-chain communication with other EVM-compatible blockchains and protocols. 

Importantly, this can attract a large number of users from across the crypto industry and position VeChainThor to achieve its ambitious goal of reaching billions of users. To do so, effective communication and interoperability with multiple ecosystems and chains is essential.

Conclusion: The VeChain Renaissance Impact on the VeChain Ecosystem and Its Influence on RWAs and Web3 VeChainThor has been a significant player in the blockchain space since 2018, evolving into a robust ecosystem where some dApps attract millions of users. Now, in 2025, it is undergoing a series of major Renaissance upgrades that substantially enhance both the network’s technical capabilities and its economic model, introducing numerous features designed to attract a broad user base and transform Web 2 services from various industries into Web3 applications. 

VeChain’s advancements and adoption through its VeBetter platform also position it to have a meaningful influence on Real-World Assets (RWAs) and the broader Web3 landscape, bridging traditional industries with decentralized technologies while adhering to all necessary standards, bolstered by the VeChain Renaissance upgrades. This approach significantly strengthens VeChain as one of the leading blockchain ecosystems capable of driving mass adoption.

Discover more about VeChain by following the official links:

Website | X | Discord | Docs | StarGate

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