Bitcoin Aims to Defy Historical Trends at Las Vegas Conference Amid Record Highs

As Bitcoin surges to a record high above $109,000, the cryptocurrency community turns its attention to this week’s Las Vegas conference, where traders are keenly observing whether Bitcoin can break its historical post-event slump. Historical data from Galaxy Research indicates that Bitcoin typically underperforms during and after such gatherings, with significant declines noted after the 2019 San Francisco and 2022 Miami events—both of which occurred during bear markets. Interestingly, even during bull markets like 2023, this pattern has persisted. Currently, BTC is trading at 110,173.92 USDT, adding to the anticipation and speculation surrounding this event. Will Bitcoin defy the odds this time, or will history repeat itself? The outcome could set the tone for the cryptocurrency’s trajectory in the coming months.

Can Bitcoin Break Conference Curse at This Week’s Las Vegas Event?

Bitcoin enters this week’s conference in Las Vegas at a record high above $109,000, with traders scrutinizing whether it can defy its historical post-event slump. Galaxy Research data shows BTC typically underperforms during and after these gatherings, with notable declines following the 2019 San Francisco and 2022 Miami events—both occurring during bear markets.

Even in bull markets like 2023, the pattern persists. The cryptocurrency’s ability to buck this trend will test investor sentiment amid current price strength.

Top Win Rebrands as SORA, Appoints Bitcoin Veteran Jason Fang as Chairman

Nasdaq-listed Top Win International has formally transitioned to a Bitcoin Treasury focus, marked by its ticker change from TOPW to SORA. The rebranding coincides with the appointment of Jason Fang, co-founder of Sora Ventures, as board chairman.

Fang’s leadership at Metaplanet—a trailblazer in corporate bitcoin adoption across Asia—signals Top Win’s strategic pivot toward Bitcoin accumulation and infrastructure development in the region. Markets responded emphatically, with shares surging over 30% to $13.83 in early trading.

Michael Saylor Defends Strategy’s Decision Against Disclosing Bitcoin Addresses

Michael Saylor, Chairman of Strategy, has firmly rejected calls for the company to publish proof of reserves, labeling the idea as "a bad idea." Strategy, a prominent corporate holder of Bitcoin, has consistently refrained from disclosing its Bitcoin addresses, sparking skepticism about the actual size of its holdings. As of May 27, 2025, the company claims to possess 580,250 BTC following a recent $427 million purchase.

Saylor has repeatedly emphasized Strategy’s commitment to holding its Bitcoin indefinitely, yet the absence of transparent address verification has fueled doubts among critics. Despite mounting pressure, Saylor dedicated eight minutes to explain the rationale behind the company’s opaque stance, underscoring a deliberate strategy of confidentiality over compliance with external demands for transparency.

El Salvador Shifts Bitcoin Legal Tender Policy in 2025 Regulatory Overhaul

El Salvador’s pioneering Bitcoin experiment enters a new phase in 2025 as the government implements sweeping regulatory changes. The nation that made history in 2021 by adopting BTC as legal tender has now revoked that mandatory status, transitioning to a voluntary framework that better aligns with global financial standards.

Market observers note the reforms reflect pragmatic adjustments rather than abandonment of cryptocurrency ambitions. The phased implementation began in January with the legal tender revocation, followed by February amendments establishing clearer rules for crypto businesses. By March, a comprehensive regulatory framework took effect—one that maintains Bitcoin’s legitimacy while addressing IMF concerns about monetary sovereignty.

On-chain data shows sustained retail crypto adoption despite the policy changes, with BTC remaining the dominant asset in Salvadoran transactions. The government continues holding Bitcoin reserves, signaling long-term commitment despite short-term price volatility.

Strive Secures $750M Private Investment for Bitcoin Purchases and Alpha Strategies

Strive Asset Management, founded by Vivek Ramaswamy, has announced a $750 million private investment round, with proceeds dedicated to Bitcoin acquisitions and the implementation of its alpha-generating strategies. The funding, part of a private investment in public equity (PIPE) round, is expected to expand to $1.5 billion upon the execution of warrants.

The PIPE round is priced at $1.35 per share, reflecting a 121% premium over Strive’s pre-announcement closing price. Notably, the transaction avoids debt financing, preserving leverage capacity for future strategic initiatives. This MOVE underscores growing institutional confidence in Bitcoin as a core asset.