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Bitcoin ATH, Binance Drama, Shiba Inu Plans

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This week in crypto, a lot happened across different ecosystems, with momentum reinvigorated by the broader market’s prevailing bullish sentiment. Besides Bitcoin’s (BTC) testing unchartered territory, the following are some of the updates you won’t want to miss.

For starters, Bitcoin established a new local top at $93,265 on Binance amid other BTC-related chatter. Other notable updates include developments on Telegram’s Hamster Kombat (HMSTR) and the Binance listing controversy.

Why HMSTR Soared Over 50%

Over the last seven days, the HMSTR token has soared over 50%, driven by the anticipated launch of the Hamster Kombat Season 2 airdrop. This play-to-earn (P2E) game rewards players in HMSTR tokens, combining engaging gameplay with tangible financial incentives.

The game’s success lies in its unique appeal, catering to the growing intersection of gaming and decentralized finance (DeFi). The rise also reflects broader trends in niche gaming tokens gaining popularity, particularly when aligned with a dedicated community. Analysts highlight the importance of timing and novel strategies in HMSTR’s unexpected ascent.

Nevertheless, some remain skeptical about season 2 of the project’s airdrop after the first one failed to impress participants.

“Hamster Kombat’s Season 2 won’t succeed unless they fix the big mistake of disqualifying 65%+ of their players. It feels like a planned move to get rid of many users after gaining from their effort. Yes, cheaters should be punished, but their system has failed to spot the real cheaters. Many who used key generators are still eligible, while honest players who spent months collecting 100-200 keys were unfairly disqualified,” said Keyur Rohit on X.

Hamster Kombat (HMSTR) Price Performance
Hamster Kombat (HMSTR) Price Performance. Source: TradingView

Shiba Inu’s S.H.I.B. Proposal

The Shiba Inu ecosystem is also featured in this week’s crypto trends, following the proposal to create a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in the US. As BeInCrypto reported, Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu network, made the revelation.

The “S.H.I.B.” proposal seeks to transform Shiba Inu into more than just a meme coin by positioning it as a leader in blockchain innovation. The initiative emphasizes fostering a decentralized environment for developers, investors, and tech entrepreneurs.

If successful, this move could elevate the Shiba Inu ecosystem, providing long-term utility for its tokens. It could also reshape perceptions of meme coins in the crypto market.

Kusama’s proposal for a strategic blockchain hub in the US is designed to serve as a “Silicon Valley for crypto.” The estimated budget is $2.35 billion over five to ten years amid plans to establish the US as a global center for blockchain technology and sustainable development. Against this backdrop, the network plans to involve Donald Trump’s Department of Government Efficiency (D.O.G.E), which Elon Musk will co-lead.

“[It is] a visionary approach that our foundation WILL officially propose to this new administration now that this has been announced, and I believe that even a fraction of the funds gathered through D.O.G.E. will pay for these innovations,” Kusama stated.

Binance Listing Drama

Binance, the largest crypto exchange by trading volume metrics, was recently under scrutiny following its decision to list low-cap Solana-based meme coins PNUT and ACT. These tokens experienced sharp price surges post-listing, leading to accusations of market manipulation.

Critics argue that such listings often result in pump-and-dump schemes that benefit insiders. Binance, however, maintains that its listing process is rigorous and aimed at supporting diverse blockchain projects.

This controversy raises questions about centralized exchanges’ responsibilities and transparency, especially in volatile markets dominated by speculative trading.

Notably, the ACT rallied a thousand-fold in the immediate aftermath of the listing announcements. While the controversy caused the tokens to lose some of the ground covered, they are both trying to recoup some of the gains lost.  

ACT, PNUT Price Performances
ACT, PNUT Price Performances. Source: TradingView

Peter Schiff Calls Out Bitcoin

Renowned economist and Bitcoin skeptic Peter Schiff once again criticized the cryptocurrency. He recently claimed the pioneer crypto lacks intrinsic value and cannot serve as a reliable hedge in economic downturns.

Schiff argues that Bitcoin’s volatility undermines its position as “digital gold,” favoring traditional assets like precious metals instead. While Schiff’s views resonate with many traditional investors, Bitcoin proponents counter. They say that its decentralized nature and finite supply offer unique advantages, particularly in an era of uncertainty about fiat currency.

The Bitcoin skeptic also quashed hopes of a possible Bitcoin reserve in the US, contrary to Donald Trump’s previous assertions. According to Schiff, a Bitcoin reserve in the US would lead to a series of inflationary shocks that could destabilize the economy.  

“That would cause the market to crash, forcing the US government to print even more dollars to buy more Bitcoin to prevent the price from crashing, thereby diminishing the value of its Bitcoin reserve. Of course, a reserve of something you can never sell and must continuously buy is worthless as a reserve. To maintain the pretense that its Bitcoin reserve has actual value, the US government would be forced to keep buying, destroying the value of the dollar in the process,” Schiff explained.

More recently, Schiff made another quip at the Trump Media & Technology Group (TMTG), sarcastically urging them to bet on Bitcoin.

El Salvador’s Bitcoin Pivot

Meanwhile, while Peter Schiff remains skeptical about Bitcoin, El Salvador’s decision to adopt BTC as legal tender continues to yield notable benefits. Recent developments reveal that the country leveraged Bitcoin-driven economic gains to repurchase sovereign debt at a discount.

This milestone highlights the potential for cryptocurrency to bolster national finances despite initial skepticism from global financial institutions. President Nayib Bukele’s administration credits Bitcoin’s role in improving tourism, remittances, and investor confidence. This signals the success of the country’s bold experiment in integrating cryptocurrency into national policy.

El Salvador Government BTC Portfolio
El Salvador Government BTC Portfolio. Source: Arkham

According to data on Arkham, the El Salvador government now boasts a Bitcoin portfolio of 5,935 BTC, which is valued at $520.50 million at current market rates.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Will Bittensor Surpass Bitcoin as a Store of Value? Expert Predicts

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Barry Silbert, CEO of Digital Currency Group, has stated that Bittensor (TAO) has the potential to outperform Bitcoin (BTC) as a global store of value.

His comments come amid notable growth in the Bittensor network, with its subnet ecosystem market capitalization and the TAO token’s price on the rise.

Will Bittensor’s Decentralized AI Model Outperform Bitcoin’s Legacy? 

In a recent interview with Raoul Pal, Silbert highlighted the growing influence of artificial intelligence (AI) in the crypto sector. According to him, Bittensor is at the forefront of this revolution, representing the “next big era for crypto.”

“You had the Bitcoin and the Ethereum and the NFTs, and you had the layer 2s and DeFi. I think this is the next big investment theme for crypto,” Silbert stated.

He went on to explain that Bittensor shares the same pioneering spirit as early Bitcoin. Still, its purpose extends beyond financial sovereignty.

“The boldest prediction that I could make for Bittensor is it could be a better version of Bitcoin as a global store of value,” he claimed.

He argued that instead of the $10 to $12 billion spent annually to secure the Bitcoin network, that same amount could be redirected toward incentivizing a global network of individuals working to solve major world problems. He envisions this money fostering innovation on a massive scale, with the potential to grow into a multi-billion-dollar ecosystem. 

While acknowledging the value of securing the Bitcoin network, Silbert emphasized that Bittensor’s potential lies in its ability to harness this vast financial backing to address real-world challenges

He noted that Bittensor operates on a similar economic model to Bitcoin, with halving mechanisms and decentralization, positioning it as a powerful contender in the quest for a more impactful and value-driven global network.

Silbert also noted that while plenty of decentralized AI projects have emerged, Bittensor has set itself apart. He referred to it as having reached “escape velocity.” This term is used to convey a project’s rapid growth and increasing market influence.

“99.9% of crypto tokens that are out there have no reason to exist and are worthless,” he added.

Market data reflects the growing enthusiasm for Bittensor. Notably, amid the ongoing volatility, TAO has fared well in comparison to the broader market, rising 32.1% in the last week. At press time, the altcoin was trading at $328, up 7.2% over the past day.

TAO Price Performance
TAO Price Performance. Source: BeInCrypto

Additionally, TAO is currently the top trending cryptocurrency on CoinGecko, underlining its rising popularity among investors. Google Trends data further proves the growing interest in Bittensor. The search volume peaked at 100 at the time of writing. 

Meanwhile, the Bittensor ecosystem is also seeing notable progress. The latest data indicated that the market capitalization of Bittensor’s subnet tokens more than doubled in April 2025. 

Bittensor Subnet Market Cap
Bittensor Subnet Market Cap. Source: Backprop Finance

It increased by 166%, rising from $181 million at the beginning of April to $481 million at press time. As reported by BeInCrypto, this growth follows a tripling of active subnets over the past year. 

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Bulls Defend $2.00—Is a Fresh Price Surge Loading?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Vitalik Buterin Proposes to Replace EVM with RISC-V

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Ethereum (ETH) co-founder Vitalik Buterin has proposed overhauling the blockchain’s smart contract infrastructure by replacing the Ethereum Virtual Machine (EVM) with RISC-V, a widely adopted open-source instruction set architecture.

This shift aims to address one of Ethereum’s key scaling bottlenecks by dramatically improving the efficiency and simplicity of smart contract execution.

Buterin Proposes Ditching EVM for RISC-V

The proposal was detailed in a post on the Ethereum Magicians forum. In it, Buterin suggested that smart contracts could eventually be compiled to RISC-V rather than EVM bytecode. 

According to Buterin, this shift addresses long-term scalability challenges. This particularly includes keeping block production competitive and improving zero-knowledge (ZK) EVM-proof efficiency. 

“It aims to greatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks, and can also greatly improve the execution layer’s simplicity – in fact, it is perhaps the only way to do so,” he wrote.

Current ZK-EVM implementations spend around half of their proving cycles on EVM execution. By switching to a native RISC-V VM, Ethereum could potentially achieve up to 100x efficiency gains.

Importantly, many fundamental aspects of Ethereum’s architecture would remain unchanged, preserving continuity for developers and users. Core abstractions such as accounts, smart contract storage, ETH balances, and cross-contract calls would function exactly as they do today. 

Developers would still write contracts in familiar languages like Solidity or Vyper. These would simply be compiled to RISC-V rather than EVM bytecode. Tooling and workflows would remain largely intact, ensuring a smooth transition. 

Crucially, the proposal ensures backward compatibility. Existing EVM contracts will remain fully operational and interoperable with new RISC-V contracts.

Buterin outlines several potential implementation paths forward. The first would support both EVM and RISC-V smart contracts natively. The second suggests wrapping EVM contracts to run via an interpreter written in RISC-V. Thus, it would enable a full transition without breaking compatibility.  

The third, more modular approach, builds on the second by formally enshrining interpreters as part of the Ethereum protocol. This would allow the EVM and the future virtual machines to be supported in a standardized way. 

Buterin stated that the idea is “equally as ambitious as the beam chain effort.” 

“The beam chain effort holds great promise for greatly simplifying the consensus layer of Ethereum. But for the execution layer to see similar gains, this kind of radical change may be the only viable path,” Buterin added.

For context, the Ethereum Beam Chain is a redesign of Ethereum’s consensus layer (Beacon Chain). It focuses on faster block times, faster finality, chain snarkification, and quantum resistance. The development will likely begin in 2026.

This proposal fits into Ethereum’s broader vision of modularity, simplicity, and long-term scalability. Previously, BeInCrypto reported on Buterin’s privacy-centric plans for the blockchain. 

The proposal focused on integrating privacy-preserving technologies. Moreover, the Pectra upgrade is also nearing, with the launch expected on May 7.

Meanwhile, ETH continues to face market headwinds, trading at March 2023 lows. This year has been quite hard for the altcoin, as it saw a decline of 50.8%. In fact, Ethereum dominance hit a 5-year low last week.

Ethereum Price Performance
Ethereum Price Performance. Source: BeInCrypto

Nonetheless, BeInCrypto data showed a slight recovery over the last 14 days. ETH rose by 6.1%. Over the past day alone, it saw modest gains of 1.7%. At the time of writing, ETH was trading at $1,639.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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