2025-05-12 11:19:45
Bitcoin breaks $100,000 again. Ukraine plans to abandon its peg to the US dollar. Coinbase is under attack from scammers. Netflix will show a series about the fall of FTX
Bitcoin is back above $100,000: What's next? Expert predictions
Bitcoin is trading above $100,000 for the first time since February 2025. The new price level for the first cryptocurrency was recorded on Thursday, May 8. Analysts noticed that as the BTC price approached $95,000, investment giant BlackRock was actively buying digital coins — in one day, the company acquired 47,064 BTC for $4.44 billion. Such high interest fueled optimism in the market.
Bitcoin's next potential target is $180,000. This forecast was shared by Cointelegraph analysts, who saw a “bullish flag” on the weekly cryptocurrency chart — a pattern that usually indicates continued growth.
CoinDesk believes that the current state of the Bitcoin market is similar to the situation observed between November 2024 and January 2025, when the price of the first cryptocurrency rose sharply from $70,000 to a record $109,000. At that time, technical indicators played an important role:
- MACD. In October 2024, the indicator signaled growth, after which the rate skyrocketed. Now, MACD is again approaching the “bullish” zone.
- 50 DMA and 200 DMA moving averages. The short moving average is starting to increase and may cross the long-term moving average from bottom to top in the coming weeks. This signal is called a "golden cross," which usually indicates the beginning of strong growth. Something similar happened in August 2024, when the BTC price hit a new all-time high.
As for target levels, analysts differ in their estimates, but all predict a further rise. Michael van de Poppe believes that the price will reach $107,000 before a possible correction. Egrag Crypto estimates the growth potential to be up to $170,000 if Bitcoin breaks its previous record of $109,000.
As of May 12, 2025, the Bitcoin price stands at $103,800.
Ukraine may abandon the dollar peg: NBU position
The National Bank of Ukraine is considering the possibility of making the euro the main reference currency instead of the US dollar. This was announced by the regulator's head, Andriy Pyshny.
He explained that such plans are due to several reasons:
- The continuation of negotiations on Ukraine's accession to the European Union.
- Increased political and financial support from European countries.
- Instability in global financial markets.
- The growing risk of fragmentation in world trade against the backdrop of Donald Trump's new tariff policy.
The idea of reducing dependence on the dollar has been discussed at the National Bank since early 2024. According to Pyshny, the transition to the euro will require time, careful preparation, and analysis. For now, the dollar remains the main settlement currency, but the share of euro transactions in the NBU's structure is gradually increasing.
It should be noted that Moldova, which is also seeking European integration, has already abandoned its peg to the dollar. Since 2025, the state has been using the euro to set the official exchange rate of the national currency, the leu.
Coinbase users lost $45 million in a week — scammers impersonate customer support
Over the past week, customers of the Coinbase cryptocurrency exchange lost about $45 million due to fraudulent activities. Well-known on-chain analyst ZachXBT reported this on May 9, 2025.
According to him, the attackers are using an old but effective social engineering scheme: they pose as technical support staff and convince victims to give them access to their accounts or transfer money to third-party wallets. The expert called this a systemic problem, noting that user losses have exceeded $300 million since the beginning of the year. He added that no other major exchange has faced such a high level of vulnerability.
Coinbase acknowledges the scale of the threat. The company's head of security, Philip Martin, has proposed creating a unified fraud registry to help track such attacks and improve security.
Meta is considering cryptocurrencies again and discussing the launch of stablecoins
Meta is in talks with crypto startups about introducing stablecoins — digital assets whose value can be pegged to traditional currencies, precious metals, or commodities.
Sources familiar with the situation say Meta's crypto could be used for fast and cheap payments. For example, one scenario is to pay Instagram content creators up to $100 to avoid high bank fees.
Just a reminder: Meta already tried to get into the crypto market in 2019 with the Libra project (later renamed Diem) but had to give up the idea due to pressure from regulators. Company founder Mark Zuckerberg recently called the crypto project "dead," noting that the company now "has to get back in the game" in areas where it has fallen behind.
Netflix to film series about the fall of FTX: Main roles, plot, and project details
Netflix is preparing a series about the collapse of the FTX crypto exchange and its founder, Sam Bankman-Fried. According to What's on Netflix, the project is already under development, and the platform has won the rights to film the story.
It is not yet known who will play Sam, but one of the main contenders is actor Evan Peters, known to viewers from the "Monsters" series. The lead female role of Caroline Ellison, former head of investment company Alameda Research and ex-girlfriend of Bankman-Fried, will be played by Emmy nominee Julia Garner.
In September 2024, Caroline Ellison was found guilty of financial fraud against FTX customers. She was sentenced to two years in prison and ordered to pay $11 billion. Sam Bankman-Fried was arrested in December 2022 on suspicion of money laundering and conspiracy, and in March 2024, he was sentenced to 25 years in prison.
The series will consist of eight episodes and focus on the collapse of the FTX crypto exchange, financial fraud, and the personal relationship between Bankman-Fried and Ellison.
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