Bitcoin Pioneer Roger Ver Faces Legal Woes Amid $600K Lobbying Payment to Trump Ally
Early Bitcoin investor Roger Ver, famously dubbed ’Bitcoin Jesus,’ has reportedly paid $600,000 to Roger Stone, a longtime associate of former President Donald Trump, for lobbying efforts. This development comes as Ver grapples with severe legal charges, including mail fraud, tax evasion, and filing false tax returns. Federal prosecutors accuse Ver of defrauding the IRS of at least $48 million, though he has denied these allegations. The situation underscores the growing scrutiny on high-profile figures in the cryptocurrency space as regulatory pressures intensify.
’Bitcoin Jesus’ Roger Ver Paid $600K to Trump Ally Stone for Lobbying Amid Legal Troubles
Roger Ver, the early Bitcoin investor known as ’Bitcoin Jesus,’ has reportedly paid $600,000 to Roger Stone, a longtime associate of former President Donald Trump, for lobbying efforts. The payment comes as Ver faces serious legal charges, including mail fraud, tax evasion, and filing false tax returns. Federal prosecutors allege Ver defrauded the IRS of at least $48 million.
Ver has denied the charges, attributing the issues to logistical challenges related to filing an exit tax during a period of bitcoin illiquidity. In a January social media appeal, Ver directly addressed Trump, claiming he risks a 100-year prison sentence for his role in promoting cryptocurrency.
The lobbying arrangement underscores the growing intersection of cryptocurrency advocacy and political influence campaigns. Stone’s involvement signals attempts to leverage high-level political connections amid regulatory scrutiny of crypto figures.
BlackRock Leads as Bitcoin ETFs Inflow Streak Hits Day 5
Bitcoin ETFs have extended their net inflow streak to five consecutive days, with Thursday’s $442 million addition pushing the weekly total to $2.68 billion. This marks the highest weekly net inflow since early December 2024. BlackRock’s IBIT ETF dominated with a $327.32 million daily inflow, bringing its cumulative total to $40.96 billion. Ark Invest and 21Shares’ ARKB followed with $97.02 million.
The inflows coincide with a modest market rebound, while BTC futures also show renewed demand. Institutional adoption continues to drive momentum, with spot ETFs emerging as a key barometer for crypto market sentiment.
Bitcoin Eyes $100K as Market Conditions Suggest Potential Breakout
Bitcoin’s struggle to hold above $94,000 reflects a pivotal moment for the cryptocurrency. The level, previously tested in early March amid speculation about a U.S. Bitcoin Strategic Reserve, now serves as a critical resistance point. Market dynamics hint at accumulating momentum.
Spot ETF demand and whale transactions have surged while retail participation wanes—a classic setup for volatile price action. The short-term holder realized price suggests room for upward movement, with the market far from overheated. Liquidation clusters overhead may temporarily stall progress, but the groundwork for a significant MOVE appears to be forming.
US Senator McCormick Emerges as Congress’ Largest Bitcoin Investor
Pennsylvania Republican Senator Dave McCormick, former CEO of Bridgewater Associates, has solidified his position as the most significant Bitcoin investor in Congress. Financial disclosures reveal repeated investments in Bitwise’s spot Bitcoin ETF, totaling nearly $1 million in recent months.
March saw McCormick allocate between $310,000 to $700,000 into the Bitwise ETF, following February’s $450,000 commitment. Notably, the Senator purchased $65,000 to $150,000 worth of shares days before former President Trump’s Executive Order exploring a Strategic Bitcoin Reserve.
The hedge fund veteran’s moves signal growing institutional acceptance of cryptocurrency among policymakers. McCormick’s financial activity extends beyond digital assets, with disclosed sales of traditional assets ranging between $1 million and $5 million.
Solv Protocol Partners with Ozean to Offer Real-World Bitcoin Yields
Solv Protocol, a decentralized platform enhancing digital asset management, has teamed up with Ozean, a real-world asset (RWA)-focused LAYER 2 ecosystem backed by Clearpool. The collaboration aims to unlock institutional-grade yields for Bitcoin holders, tapping into over $1 trillion in idle BTC capital.
The partnership, announced via Solv Protocol’s X account, marks a significant step in bridging decentralized finance with traditional yield sources. By leveraging Ozean’s RWA infrastructure, Bitcoin gains exposure to previously inaccessible income streams—a move that could reshape how the dominant cryptocurrency is utilized beyond speculative trading.
Bitcoin Could Rally to $135,000 by 2025, Analyst Predicts Using Fibonacci Tools
Bitcoin’s recent surge past $90,000 has analysts eyeing significantly higher targets. Technical specialist Titan of Crypto projects a potential climb to $135,109 by mid-2025 using Fibonacci extension levels—a methodology that identifies price targets by extrapolating key ratios from market movements.
The flagship cryptocurrency’s 10% weekly gain demonstrates renewed bullish momentum. Fibonacci extensions, frequently employed during strong trends, suggest this rally may have substantial room to run. Such projections often attract both institutional and retail traders looking to capitalize on breakout patterns.
