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Brazil's first "Bitcoin capital" Belo Horizonte City Council approves BTC bill

A bill aiming to establish Belo Horizonte as a Bitcoin hub was approved by the city council. The legislation targets promoting cryptocurrency use, education, and attracting investments to boost the local economy.
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Bitcoin price "at least a 580% rise by 2030" predicted by Cathy Wood

Table of Contents 1. "At least in the 700,000 Dollar range"
2. Mr. Wood discusses three factors for Bitcoin's growth
3. Background of ARK's Bitcoin Price Forecast Trends
+ 3.1. Change in bullish outlook based on forecasts for 2024
+ 3.2. Reasons for the upward revision of ARK's BTC price forecast
4. Evaluation of the cryptocurrency market for BTC predictions
"At least in the range of 700,000 Dollars"

Cathy Wood, CEO of the US asset management company ARK Investment, stated in an interview with US CNBC on May 9, 2025, that she predicts the price of Bitcoin (BTC) will "increase by at least 580% from its current value" by 2030.

Also, Wood
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Bitcoin market capitalization surpasses Amazon to become "5th in the world"|The background of the surge and NVIDIA's barriers

Table of Contents 1. BTC market capitalization surpasses Amazon's milestone
2. Analysis of the Background and Factors Behind the Bitcoin Surge
+ 2.1. Rapid increase in fund inflows into Bitcoin ETFs
+ 2.2. Acceleration of BTC Accumulation by Large Investors
+ 2.3. The easing of trade friction between the US and China, and the US and the UK, supports the rise of BTC.
3. "What is needed to catch up to NVIDIA in 4th place"
4. Bitcoin investment and regulatory development are expanding in the United States.
+ 4.1. Metaplanet to Double BTC Holdings with Establishment of US Subsidiary
+ 4.2. Oregon state allows the use of cryptocurrency as collateral with the passage of the bill.
BTC market capitalization surpasses Amazon.

Sina, co-founder of 21st Capital, May 9, 2025
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The American long-established restaurant chain "Steak & Shake" is set to introduce Bitcoin Settlement at 400 locations in the United States.

Table of Contents 1. Major US restaurant chain adopts Bitcoin Settlement
2. Nationwide Focus on Bitcoin Settlement Introduction Strategy
+ 2.1. Announcement of the introduction of BTC Settlement that generated buzz
+ 2.2. Bitcoin Settlement Implementation Process
+ 2.3. Develop new customer segments through Bitcoin Settlement
3. The Effects of Introducing BTC Settlement in the Fast Food Industry
4. The industry's expectations expand with the introduction of Bitcoin settlement.
+ 4.1. Response to the Introduction of Bitcoin Settlement
+ 4.2. Regulations easing to support the expansion of Bitcoin actual demand
A major US restaurant chain is set to adopt Bitcoin Settlement.
The U.S. fast food chain "Steak 'n Shake" will be in 2025
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Oregon has passed a bill recognizing Bitcoin and other cryptocurrencies as collateral, expanding the use of digital assets.

Oregon passed SB167, allowing cryptocurrency as collateral. This law update clarifies digital assets' legal status, promoting their use in financial transactions, paving the way for institutional investors to enter the crypto market.
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Arizona Governor Signs Bill to Establish Bitcoin Reserve Fund | First State in the U.S. to Hold Dormant Cryptocurrency

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Scotland's prestigious private school has established the world's first fund utilizing Bitcoin, the "Satoshi Scholarship."

Lomond School introduces the Satoshi Scholarship using Bitcoin, promoting innovative education with an Austrian economics curriculum. This initiative reflects the global trend of cryptocurrency integration in the education sector, emphasizing financial literacy and blockchain technology.
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Signs of the cryptocurrency market "reproducing the 2022 surge" | Predictions by Arthur Hayes

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Maldives to build a virtual currency and financial special zone with a scale of 9 billion Dollars in the capital Male in partnership with a Qatari royal family-affiliated company.

The Maldives plans to build a $9 billion cryptocurrency hub in Male to diversify its economy. Facing financial challenges, the nation aims to attract wealthy individuals and create a new financial center with tax exemptions and a conducive environment for foreign entrepreneurs. Collaborating with MBS Global Investments, the Maldives seeks success amid global competition from financial hubs like Dubai and Singapore.
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U.S. House of Representatives members introduce a new cryptocurrency regulation bill|First definitions of the roles and terms of SEC and CFTC

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Ethereum, 100 times faster "as simple as Bitcoin" proposal by Buterin

Table of Contents 1. New Concept of Ethereum | Aiming for Simplification Comparable to BTC
2. Mr. Buterin's proposal for "L1 Simplification" to achieve 100 times faster speeds.
+ 2.1. Migrate the virtual machine to a 'RISC-V' base
+ 2.2. Maintain compatibility with existing assets in "Legacy Mode"
+ 2.3. Simplification through standardization and unification of protocol specifications
3. Current Status of Ethereum L2 and Future Roadmap
+ 3.1. The Dencun Upgrade and the Surge in L2 Usage
+ 3.2. Roadmap after 'Fusaka'|Further strengthening of L1 and L2
4. Community Reactions and Future Challenges
New Concept of Ethereum | Aiming for Simplification on Par with BTC
Ethereum
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Florida's "Bitcoin Strategy Preparation Bill" indefinitely postponed | Cautious stance due to BTC price fluctuation risks

Florida's Bitcoin reserve bills are indefinitely postponed due to legislative schedule constraints and concerns over price volatility. A potential resubmission remains uncertain amid various challenges.
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New Hampshire, the first U.S. state to enact a Bitcoin preparation law, to be implemented in July following the governor's signature.

New Hampshire becomes the first US state to enact a Bitcoin reserve law, allowing investment in cryptocurrency and precious metals. The law faces competition among US states.
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In Cannes, France, around 90% of stores are set to introduce cryptocurrency Settlement by this summer.

The essay discusses the aim to target high-income individuals through cryptocurrency payments in the city of Cannes, France. By implementing virtual currency payments in local stores, the city aims to modernize its payment system and attract wealthier customers, enhancing its competitiveness. Additionally, the increasing acceptance of cryptocurrency payments worldwide indicates its transition into a mainstream payment method in daily life.
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Bitcoin "Not holding it is now a risk" The correlation with technology stocks is key | BlackRock

BlackRock's digital asset executive Robert Michnick warns of the risk of not holding Bitcoin due to its decoupling from tech stocks. The potential for Bitcoin as a safe asset is highlighted as institutional interest grows. Major figures like BlackRock's CEO Larry Fink support Bitcoin as 'digital gold'. Market experts emphasize the importance of Bitcoin becoming a safe-haven asset and its correlation with traditional markets. The shift towards viewing Bitcoin as a strategic asset rather than a speculative one is evident, signaling a changing perception among institutional investors.
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Weekly Summary of Cryptocurrency News: Highlighted Articles on "Metaplanet, Banking, BTC, Settlement" and More

Summary: The article covers cryptocurrency and blockchain news highlights from April 27 to May 3, 2025, including Eric Trump's warning about traditional banks, MetaMask's update, Metaplanet appointing a new CEO, Morgan Stanley planning crypto trading services, and more.
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"Bitcoin will reach $2.4 million by 2030" - Ark Invest shows a path for a 25x rise.

Bitcoin price prediction for 2030 by ARK Invest suggests a 25-fold increase, reaching up to $240,000. Factors include institutional investment, market adoption, and on-chain finance growth. Key to success is yearly 72% growth rate.
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