HTX Launches 1M USDT Bitcoin Pizza Day Celebration with Trump-Themed Promotions
HTX is commemorating Bitcoin Pizza Day—a historic event marking the first known commercial Bitcoin transaction in 2010—with an extravagant campaign featuring nearly $1 million in USDT rewards. Partnering with industry leaders like JUST Protocol, SunPump, and APENFT, HTX has designed a series of engaging promotions spanning spot trading, futures, and community activities. The highlight is a 14-day event running from May 13-26, offering participants a chance to win 200,000 USDT. This celebration not only honors Bitcoin's journey from a pizza purchase to a global financial asset but also reinforces HTX's commitment to fostering cryptocurrency adoption through innovative incentives. As of August 2025, such initiatives continue to highlight Bitcoin's enduring cultural and economic impact in the crypto space.
HTX Celebrates Bitcoin Pizza Day with 1M USDT Rewards and Trump-Themed Promotions
HTX is marking Bitcoin Pizza Day—a nod to the infamous 2010 BTC pizza purchase—with a splashy campaign featuring nearly $1 million in USDT giveaways. The exchange has partnered with key industry players including JUST Protocol, SunPump, and APENFT to roll out themed promotions across spot trading, futures, and community engagement.
The centerpiece is a 14-day event from May 13-26 offering 200,000 USDT in prizes through seven project collaborations. While the announcement coincidentally aligns with a TRUMP campaign dinner, the focus remains on crypto's cultural milestones rather than political undertones.
Standard Chartered Predicts Bitcoin to Hit $500,000 Amid Institutional Accumulation
Standard Chartered has projected bitcoin could reach $500,000 as global institutions increasingly seek indirect exposure through vehicles like MicroStrategy's stock. Bitcoin currently trades at $105,178, up 2.27% in 24 hours, with its market capitalization hitting a record $2.09 trillion.
Macroeconomic tailwinds—including PBOC rate cuts and Moody's U.S. credit downgrade—contribute to the bullish sentiment. However, analysts emphasize institutional demand, particularly via Bitcoin ETFs, as the primary catalyst for the asset's valuation surge.
Bitcoin Season Dominates as Altcoins Lag Behind
Bitcoin continues to outpace the broader cryptocurrency market, with on-chain indicators pointing to sustained bullish momentum. The leading cryptocurrency briefly touched $104,976 before settling slightly lower, yet market sentiment remains overwhelmingly positive.
Data from Blockchain Center reveals a pronounced 'Bitcoin Season,' where BTC's performance dwarfs that of altcoins. Only 16 of the top 50 altcoins have outperformed Bitcoin over the past 90 days—well below the 75% threshold needed to trigger an 'Altcoin Season.'
Bitcoin's dominance metric (BTC.D) has rebounded sharply since hitting a two-month low of 61.89% on May 16, further cementing its market leadership. The trend underscores a flight to quality among crypto investors as uncertainty lingers in the altcoin space.
Coinbase Joins S&P 500 Amid Bitcoin Rally and Crypto Equity Surge
Coinbase Global Inc. (COIN) shares climbed despite a recent data breach, buoyed by its inclusion in the S&P 500 index—a landmark moment signaling deeper integration between crypto and traditional finance. The move comes as Bitcoin (BTC) holds firmly above the $100,000 threshold, fueling Optimism across crypto-related equities.
Strategic institutional moves are amplifying the bullish momentum. Strategy Incorporated (MSTR) added 7,390 BTC to its holdings, while firms like Galaxy Digital (GLXY) gain traction alongside mainstream indices. Global markets, including India, are now emulating the U.S.'s progressive crypto stance, racing to establish themselves as future hubs for digital assets.
The convergence of crypto and conventional finance accelerates as regulatory clarity improves. Coinbase's S&P 500 debut marks a pivotal step in legitimizing the asset class, with investors betting on sustained institutional adoption.
Bitcoin's Rally Faces Potential Correction Amid Mixed Market Signals
Bitcoin exhibits strong accumulation behavior despite warning signs of short-term overvaluation. Exchange outflows suggest sustained bullish pressure, with 3,090 BTC ($325 million) withdrawn from Binance in a single day. The MVRV ratio remains below historical profit-taking thresholds at 2.33, indicating neutral-to-undervalued conditions.
Market metrics paint a complex picture: Rising open interest contrasts with extreme NVT readings flashing overvaluation warnings. Bitcoin currently trades at $105,163.46, up 1.89% in 24 hours. The cryptocurrency appears caught between accumulation trends and potential correction signals.
Strive Aims to Acquire Discounted Mt. Gox Bitcoin Holdings
Vivek Ramaswamy's Strive is exploring an unconventional path to build its Bitcoin treasury—targeting distressed claims from the defunct Mt. Gox exchange. The firm filed with the SEC to evaluate purchasing 75,000 BTC owed to creditors, potentially at a discount. This mirrors MicroStrategy's playbook of corporate BTC accumulation, now emulated by opportunistic buyers.
Mt. Gox's decade-long bankruptcy saga nears resolution with planned creditor distributions. Strive's bid hinges on acquiring judgments before asset dispersal—a high-stakes gamble that could yield discounted exposure or face legal hurdles. The MOVE underscores institutional demand for alternative bitcoin sourcing as spot ETF approvals drain exchange reserves.
