Bitcoin Eyes $110K as $13.8B Options Expiry Looms
Bitcoin’s recent surge to nearly $111,000 has ignited market optimism, though volatility has since pulled prices below $110,000. The focus now shifts to the pivotal May 31 options expiry, where $13.8 billion in contracts are at stake. Bullish traders could secure $4.8 billion in profits if BTC reclaims $110,000, while 95% of put options WOULD expire worthless above $109,000. With BTC currently trading at 107,075.63 USDT, the stage is set for a high-stakes derivatives showdown.
Bitcoin Aims for $110K Ahead of Pivotal Options Expiry
Bitcoin’s rally to NEAR $111,000 last Friday marked a historic milestone, fueling market euphoria before volatility dragged prices below $110,000. All eyes now turn to the May 31 options expiry, where $13.8 billion in contracts hang in the balance.
Bullish traders stand to claim $4.8 billion in profits should BTC reclaim $110,000, while 95% of put options would expire worthless above $109,000. The derivatives showdown coincides with resurgent institutional demand, as spot Bitcoin ETFs absorbed $1.9 billion in net inflows over three trading days.
Tesla Holds $1.2 Billion in Bitcoin Despite Abandoning Crypto Payments
Tesla Inc., the electric-vehicle manufacturer led by Elon Musk, maintains a bitcoin treasury worth approximately $1.2 billion, according to blockchain analysis by Arkham Intelligence. The company holds 11,900 BTC, a fraction of its initial 43,200 BTC purchase disclosed in a February 2021 SEC filing.
The automaker briefly embraced cryptocurrency in 2021, offering Bitcoin payment options for vehicles before rescinding the policy months later. Tesla cited environmental concerns over Bitcoin’s energy-intensive proof-of-work consensus mechanism as the reason for discontinuing crypto transactions.
Coinbase Prime Custody currently safeguards Tesla’s Bitcoin holdings. The custody arrangement highlights institutional adoption of cryptocurrency despite Tesla’s retreat from direct crypto commerce.
Bitcoin Gains Momentum as Kiyosaki Advocates Against Fiat Savings
Robert Kiyosaki, author of ’Rich Dad Poor Dad,’ has issued a stark warning about the risks of holding fiat currencies. Inflation and unchecked government money printing, he argues, make traditional savings a losing proposition. His solution? Bitcoin, gold, and silver—assets with inherent scarcity.
Invoking Gresham’s Law, Kiyosaki highlights how depreciating fiat drives investors toward sound money. Bitcoin, in particular, stands out as a hedge against systemic devaluation. His bullish outlook projects BTC could reach $500,000 amid mounting global debt and monetary instability.
The financial guru’s message resonates with crypto advocates: abandon ’fake money’ for decentralized alternatives. Bitcoin’s non-inflationary design, he contends, offers a path to true financial sovereignty—a theme increasingly echoed across macroeconomic discourse.
U.S. Treasury Secretary Declares Pro-Crypto Stance as Trump Administration Prioritizes Digital Assets
Treasury Secretary Scott Bessent has unveiled the TRUMP administration’s aggressive pivot toward cryptocurrency adoption, marking a stark departure from prior regulatory hostility. "We’re going big on digital assets," Bessent asserted during a Bloomberg interview, directly criticizing the previous administration’s "anti-innovation agenda." The declaration coincides with Congressional progress on landmark stablecoin legislation that could redefine U.S. payment infrastructure.
Regulatory clarity emerges as the central theme of Bessent’s remarks, with the Treasury Secretary emphasizing its necessity for industry growth. This policy shift arrives as Bitcoin and other major cryptocurrencies gain institutional traction, though the statement notably avoids endorsing specific tokens. The administration’s posture suggests forthcoming executive actions to align federal policy with the rapidly evolving digital asset landscape.
Crypto Weekly Roundup: Regulatory Moves, Institutional Adoption, and Security Concerns
Texas advanced legislation to become the third U.S. state to hold Bitcoin in its treasury, signaling growing institutional acceptance. The Senate Bill 21 passed its second reading with strong support, reflecting a broader trend of public-sector crypto integration.
Federal lawmakers made progress on stablecoin regulation with the GENIUS Act clearing the Senate. Meanwhile, the Department of Justice launched a criminal probe into the recent Coinbase cyberattack, highlighting persistent security challenges in the industry.
Political engagement with crypto reached new heights as former President Trump hosted a memecoin Gala attended by industry leaders. This coincides with reports that the U.S. government is exploring budget-neutral methods to fund a proposed Bitcoin strategic reserve.
Kraken unveiled plans to tokenize major tech stocks, bridging traditional equities with blockchain infrastructure. The exchange’s MOVE follows growing demand for tokenized real-world assets across decentralized finance platforms.
