Bitcoin Ecosystem Meme Token Soars, SATS Surges 45.3% in 24 Hours

On May 14th, as reported by Coindesk, the continuous increase in U.S. government bond yields, particularly Treasury yields, has traditionally been regarded as a headwind for risk assets like Bitcoin (BTC). However, analysts point out that the recent resilience of U.S. bond yields actually contains a deep-seated logic favorable to Bitcoin. Spencer Hakimian, the Founder of Tolou Capital Management, noted that the current strength in yields reflects the market's pricing in expectations of fiscal expansion during the Trump administration. "With soft CPI data, U.S. bonds are falling, indicating that fiscal expansion is unstoppable. Everyone is betting heavily before the midterm elections, and the debt deficit is being temporarily set aside - this is good news for Bitcoin, gold, and stocks, but a nightmare for bonds." According to Hakimian's estimation, Trump's tax cut plan will immediately add $2.5 trillion to the fiscal deficit. A draft disclosed by Bloomberg shows that the plan includes

On May 14th, according to official information, Binance Alpha has launched Privasea AI (PRAI).

On May 14th, Coindesk analyst Oliver Knight stated that the price trend of Bitcoin this time is accompanied by the same on-chain indicators as in 2021 and may form a potential "double top" structure. Oliver Knight explained that the first indicator to focus on is the weekly RSI. It has shown three bearish divergences in March 2024, December 2024, and May 2025. (RSI is a technical indicator used to measure the average gains and losses over a certain period to assess potential overbought or oversold conditions. Bearish divergence refers to the RSI trending downward while the price trend is upward.) In addition, the trading volume at the time of this breakout was lower than the level at the initial breakout of $100,000, indicating that the momentum of this uptrend is weakening. The trading volume of cryptocurrencies and institutional trading platforms has decreased. The trading volume of the Chicago Mercantile Exchange (CME) Bitcoin futures failed to exceed 35,000 contracts for three ou

On May 14th, based on HTX market data, Bitcoin surged to above $104,000 and is now trading at $104,078.

On May 14th, Matt Hougan, the Chief Investment Officer of Bitwise, stated in the latest report that Bitcoin is the king among crypto assets - the largest in scale, the strongest in liquidity, the most mature, similar to "digital gold", and the only crypto asset with the potential to become a globally significant currency. Nevertheless, most investors should still hold other crypto assets, such as Ethereum. Ethereum has surged by 40% just in the past week, which prompts investors to consider diversifying their investments beyond Bitcoin.

On May 14th, the cryptocurrency mining firm Bitfarms released its Q1 2025 performance report. It was stated that the company mined a total of 693 BTC in the first quarter. The average direct production cost per BTC was $47,800. The all-in cash cost per BTC was $72,300. During the first quarter, Bitfarms sold 428 BTC. The company's total revenue for Q1 was $67 million, showing a 33% year-over-year increase. The mining gross margin was 43%, which was lower than the 63% in Q1 of 2024.