Weekly: Trump’s $5,000 Promise, OpenAI’s Solved Millennium Prize Problem, Biden Memecoin Crash, and Changes to Ethereum Transactions

Incrypted’s editorial team has prepared another digest of the week’s top developments in Web3 and AI. This time, the spotlight was on the launch and rapid collapse of Hunter Biden’s memecoin, Donald Trump’s promise to pay Americans $5,000 each, and OpenAI’s new moves in advancing enterprise AI and tackling one of the seven Millennium Prize Problems. We also cover shifting capital flows in bitcoin and Ethereum ETFs, Ethereum scaling, the Liquid Network incident, new USDT risks, the growth of prediction markets and Robinhood tokenization, the fight over the CLARITY Act, and other key industry events.

Top news 

Bitcoin

• Market forecasts and signals for the asset

Bitcoin is maintaining a positive market structure, but analysts point to mixed signals about its next move. CryptoQuant noted that large investors continue to accumulate the asset, while a stronger spot demand is needed for a confident breakout above the $82,000–$83,000 level. 

Meanwhile, Wintermute called $82,000 a key resistance level, and a drop below $72,000 — a signal to reassess the current scenario, while retail euphoria and a negative Coinbase premium create correction risk. 

Against this backdrop, Arthur Hayes predicts bitcoin will rise to $250,000–$500,000 thanks to an expanding money supply in the US. At the time of writing, the leading cryptocurrency is trading at $76,810, according to TradingView.