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Tokyo-listed gaming studio Gumi acquires 1 billion yen worth of Bitcoin

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The BTC purchase is part of Gumi’s broader expansion into the blockchain sector, which includes acquiring and managing “high-quality tokens.”

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Is Bitcoin about to go parabolic? BTC price targets include $160K next

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Key points:

Bitcoin continues to attack a key resistance zone below all-time highs.

“Parabolic” BTC price talk begins to resurface as bulls hold six figures after the Wall Street open.

Signs of profit-taking are increasing amid the highest prices since January.

Bitcoin (BTC) is attracting “parabolic” price targets as bulls continue to hold six figures on May 9.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

BTC price in line for “crazy numbers”

Data from Cointelegraph Markets Pro and TradingView shows barely any consolidation taking place on BTC/USD over the past 24 hours.

The pair hit $104,332 on Bitstamp, marking its highest since the end of January and a clear departure from the slow downtrend in place for much of 2025.

Reacting, market participants have begun to restore their faith in the broader Bitcoin bull market.

“November 2024 monthly candle was the breakout signal on long-term charts,” popular economist Aksel Kibar told X followers in his latest post.

An accompanying chart compares November 2024 to similar “breakout” events in the past, with Kibar reiterating his existing $137,000 target.

BTC/USD 1-month chart. Source: Aksel Kibar/X

Others, however, have far loftier expectations for BTC price action next. In particular, talk of “parabolic” upside has returned this month.

Bitcoin is about to go parabolic.

Don’t bet against history. pic.twitter.com/NYJVexp0mM

— Mister Crypto (@misterrcrypto) May 1, 2025

“Bitcoin is going exponential,” crypto entrepreneur and investor Jason Williams summarized as $100,000 returned.

Trader and analyst Matthew Hyland joined those forecasting new all-time highs in Q2 in his latest video update.

$160,000 or other “crazy numbers,” he said, could come into play if bulls stay in control and a key leading indicator, the relative strength index (RSI), supports further upside.

“I actually do think that there is a high chance that Bitcoin will end up breaking through these highs,” he concluded.

#BTC & #ETH Update: pic.twitter.com/ovRS9pN0aj

— Matthew Hyland (@MatthewHyland_) May 9, 2025

Bitcoin halts progress at stubborn resistance

On shorter timeframes, popular trader Skew sounded the alarm over profit-taking being in full swing at $103,000, itself a key long-term resistance zone.

Related: Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next

“Starting to see some profits taking here, likely from a large trader. Passively selling BTC into price here & closing out longs,” he explained on the day.

“Logically makes sense given BTC is trading around HTF Supply & Resistance $103K – $104K.”BTC/USD vs. S&P 500 1-day chart. Source: Cointelegraph/TradingView

US stock markets were flat at the Wall Street open, with Skew suggesting their behavior may spill over into crypto.

“In terms of current underlying flow, market remains correlated to tradfi so keep an eye on performance today into close,” he added.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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AI's GPU obsession blinds us to a cheaper, smarter solution

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Opinion by: Naman Kabra, co-founder and CEO of NodeOps Network

Graphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it’s also created a blind spot that’s holding us back.

GPUs have earned their reputation. They’re incredible at crunching massive numbers in parallel, which makes them perfect for training large language models or running high-speed AI inference. That’s why companies like OpenAI, Google, and Meta spend a lot of money building GPU clusters.

While GPUs may be preferred for running AI, we cannot forget about Central Processing Units (CPUs), which are still very capable. Forgetting this could be costing us time, money, and opportunity.

CPUs aren’t outdated. More people need to realize they can be used for AI tasks. They’re sitting idle in millions of machines worldwide, capable of running a wide range of AI tasks efficiently and affordably, if only we’d give them a chance.

Where CPUs shine in AI

It’s easy to see how we got here. GPUs are built for parallelism. They can handle massive amounts of data simultaneously, which is excellent for tasks like image recognition or training a chatbot with billions of parameters. CPUs can’t compete in those jobs.

AI isn’t just model training. It’s not just high-speed matrix math. Today, AI includes tasks like running smaller models, interpreting data, managing logic chains, making decisions, fetching documents, and responding to questions. These aren’t just “dumb math” problems. They require flexible thinking. They require logic. They require CPUs.

While GPUs get all the headlines, CPUs are quietly handling the backbone of many AI workflows, especially when you zoom in on how AI systems actually run in the real world.

Recent: ‘Our GPUs are melting’ — OpenAI puts limiter in after Ghibli-tsunami

CPUs are impressive at what they were designed for: flexible, logic-based operations. They’re built to handle one or a few tasks at a time, really well. That might not sound impressive next to the massive parallelism of GPUs, but many AI tasks don’t need that kind of firepower.

Consider autonomous agents, those fancy tools that can use AI to complete tasks like searching the web, writing code, or planning a project. Sure, the agent might call a large language model that runs on a GPU, but everything around that, the logic, the planning, the decision-making, runs just fine on a CPU.

Even inference (AI-speak for actually using the model after its training) can be done on CPUs, especially if the models are smaller, optimized, or running in situations where ultra-low latency isn’t necessary.

CPUs can handle a huge range of AI tasks just fine. We’re so focused on GPU performance, however, that we’re not using what we already have right in front of us.

We don’t need to keep building expensive new data centers packed with GPUs to meet the growing demand for AI. We just need to use what’s already out there efficiently.

That’s where things get interesting. Because now we have a way to actually do that.

How decentralized compute networks change the game

DePINs, or decentralized physical infrastructure networks, are a viable solution. It’s a mouthful, but the idea is simple: People contribute their unused computing power (like idle CPUs), which gets pooled into a global network that others can tap into.

Instead of renting time on some centralized cloud provider’s GPU cluster, you could run AI workloads across a decentralized network of CPUs anywhere in the world. These platforms create a type of peer-to-peer computing layer where jobs can be distributed, executed, and verified securely.

This model has a few clear benefits. First, it’s much cheaper. You don’t need to pay premium prices to rent out a scarce GPU when a CPU will do the job just fine. Second, it scales naturally.

The available compute grows as more people plug their machines into the network. Third, it brings computing closer to the edge. Tasks can be run on machines near where the data lives, reducing latency and increasing privacy.

Think of it like Airbnb for compute. Instead of building more hotels (data centers), we’re making better use of all the empty rooms (idle CPUs) people already have.

Through shifting our thinking and using decentralized networks to route AI workloads to the correct processor type, GPU when needed and CPU when possible, we unlock scale, efficiency, and resilience.

The bottom line

It’s time to stop treating CPUs like second-class citizens in the AI world. Yes, GPUs are critical. No one’s denying that. CPUs are everywhere. They’re underused but still perfectly capable of powering many of the AI tasks we care about.

Instead of throwing more money at the GPU shortage, let’s ask a more intelligent question: Are we even using the computing we already have?

With decentralized compute platforms stepping up to connect idle CPUs to the AI economy, we have a massive opportunity to rethink how we scale AI infrastructure. The real constraint isn’t just GPU availability. It’s a mindset shift. We’re so conditioned to chase high-end hardware that we overlook the untapped potential sitting idle across the network.

Opinion by: Naman Kabra, co-founder and CEO of NodeOps Network.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

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Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough. 

Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value proposition to date.

DeFi student loans

On April 30th, Pencil Finance, a project supported by Animoca Brands and its education arm Open Campus, announced a $10 million student loan financing initiative aimed at providing cheaper, blockchain-backed loans. Siu believes this type of infrastructure investment goes further than symbolic funding.

“What our industry needs a lot more is these kinds of positive-sum use cases that everyone else understands,” Siu said in the interview. “If students can receive better, cheaper and more effective opportunities and interest rates through crypto student loans, what happens? They’re going to be more pro-crypto.”

Related: The Giving Block starts disaster fund for California wildfire victims

Unlike a one-time donation, the Pencil Finance model integrates crypto directly into the financing mechanism—leveraging blockchain rails to make lending more transparent, efficient, and accessible.

“While money has influence, it doesn’t necessarily change the system for the better per se. The technology… actually provides a way we can onboard people into that.”

Crypto in the classroom

Siu said the crypto industry still suffers from a perception problem, especially among those unfamiliar with financial tools or blockchain-native culture. That’s why educational use cases need to move beyond highbrow NFT art or meme coins and offer something universally relatable.

“When you’re sitting at the table and someone’s saying, ‘What is crypto really good for?’—what do we say?” he asked. “Memecoins? Or do we say student loans? That’s something everyone understands.”

Siu also emphasized the long-term impact of onboarding students early—both for growing crypto literacy and building a foundation for adoption. “You want to onboard them at the earliest levels and let them understand what’s going on,” he said. “That’s what Apple did with education discounts. It wasn’t about profit at first—it was about future influence.”

Ripple’s donation may be a step forward for awareness and much-needed funding support in the education sector, but Animoca’s approach aims to make crypto indispensable, not just visible, in education systems around the world.

“We have to show what [crypto] is good for. We’ve got to start from the grassroots.”

Listen to the full episode of Byte-Sized Insight for the complete interview on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows! 

Magazine: 6 Questions for Alex Wilson of The Giving Block

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