Drake, the rapper known for his extravagant lifestyle, has potentially incurred whopping losses in Bitcoin through high-stakes sports betting. The artist's recent wager on the NBA Finals proved unsuccessful. The Dallas Mavericks, on whom he placed a $500,000 Bitcoin bet, were defeated by the Boston Celtics in a decisive 106-88 victory in Game 5. Actually, had the Mavericks prevailed, Drake stood to gain $1.375 million. And that was his second trouble of that kind in a row. A few days before that the rapper had another bad wager. Drake placed a $500,000 in Bitcoin on the Edmonton Oilers to clinch the NHL Stanley Cup Finals. The possible outcome was $1.025 million. Once again the rapper got unlucky. Oilers lost. Both the NBA and NHL series began with 3-0 deficits for Drake's chosen teams, though each managed to secure a win in Game 4. To Drake's credit, he shares his failures on social media with dignity. Thus, he gives us all an opportunity to see the growing intersection of cryptocurrency, celebrity culture, and sports betting. Something that was so hard to imagine even a couple of years ago. What's next for Drake? Well, the Oilers prepare for Game 5 on their home ice, The financial world prepares to see if Drake can recoup his losses or if his Bitcoin wallet will take another significant hit. Maybe we should start betting on that either.

Cardano founder, Charles Hoskinson, boldly predicts Cardano will flip Bitcoin and become the largest cryptocurrency in the world. Hoskinson thinks that the Cardano's ecosystem will allow ADA to flip BTC. And if he and his colleagues were to finish all the projects and fulfill their vision of Cardano, 'there would be no way to beat it.' According to Hoskinson, ADA is living up to what Satoshi Nakamoto started, but they aren’t stopping there. ADA will become a trillion-dollar ecosystem and leave all the competitors behind, Hoskinson thinks. And that will help ADA to change the political, social, and economic systems of the world. And the work is being done already to make this happen. Hoskinson says that various teams are currently working to onboard different governments onto the Cardano network. He mentioned the development of decentralized applications (dApps) built on the Cardano network. That will lead to the “next step,” which is what flips Bitcoin. He didn't mention what that next step would be. But he explained that, in his opinion, Bitcoin has “stalled.” And that would help Cardano to flip Bitcoin. By "stalled' Hoskinson means that like Yahoo and MySpace used to be, Bitcoin has the image of “big and successful.” Those brands faded out with time. The same will happen with Bitcoin. But people don't really use Bitcoin, Hoskinson says. And sounds like a grim verdict. The idea of Bitcoin being 'digital gold' doesn't impress Hoskinson so much. At some point Bitcoin will hit its cap once the flagship crypto is evenly distributed and everyone owns a bit of it. So unsurprisingly, Cardano founder claims that his platform with unique smart contracts could become much more useful that Bitcoin. One of the steps towards the "next step" to flip Bitcoin would be creating a transparent and impeccable voting system for every country worldwide. That would undoubtedly be more valuable than Bitcoin, Hoskinson claims.

T-Mobile Deutsche Telekom will start mining Bitcoin. That might come as a surprise, but not a to those who have been following crypto news lately. German telecom giant is going crypto since last year. Company's expansion into crypto-based activities began with Polygon validation. Now the company wants to enter the big game. Deutsche Telekom is about to enter the mining business. Since Ethereum's switch from Proof-of-Work to Proof-of-Stake in 2022 the only big mining business is the one with Bitcoin involved. The German telecommunications firm has been operating a Bitcoin node since 2023. This year the company launched its own Bitcoin Lightning Network nodes. And now the bigger anouncement was unveiled. Speaking at BTC Prague, Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, confirmed that the communications giant will start mining Bitcoin. Röder actually jokingly called mining a 'digital monetary photosynthesis'. And that' is so charming. Market's reaction seem very positive. According to a famous analyst BTCGandalf, Deutsche Telekom's decision to enter Bitcoin mining is staggering. 'What a time to be alive,' he wrote on X. Deutsche Telekom is one of the world's leading integrated telecommunications companies. Established in 1995, the company provides a wide range of services. Those include fixed-network and mobile communications, internet, and IPTV products and services for consumers. Company has a significant presence in Europe and the United States. It's know for its innovations, but was silent about its crypto ambitions before 2023.

We all know that Michael Saylor is bullish on Bitcoin, and we all know why. Buying and holding Bitcoin in anticipation of the price surge is basically his business. But yesterday Saylor kind of outshined himself. His new prediction for future BTC is as high as a whopping $8 million per coin. While speaking at the Prague event for Bitcoin, Saylor unveiled his own philosophy around Bitcoin. And his philosophy is rather unexpectedly based on his failure to recognize Bitcoin potential in the past. Saylor noted he was indecisive when considering investing in Bitcoin for the first time. Back in 2013, Saylor looked at Bitcoin and dismissed it. The leading cryptocurrency seemed to have potential for online gambling and nothing else, he remembers. So, he lost the opportunity to buy when Bitcoin traded at $892. By the time he finally started investing, Bitcoin reached $9,500. “I got the price I deserved,” Saylor said. He now calls Bitcoin a digital gold. And his newest prediction for Bitcoin goes to a height on other bull has ever reached. Saylor says that one day we will see Bitcoin trading at $8 million per coin. According to MicroStrategy chief, many investors are still reluctant to enter the market. And that is a tragic mistake. Bitcoin is going up and when it hits, say, $950,000, you will be sorry you didn't buy it at $700,000. Just as well as $950,00 will seem a golden opportunity missed, when BTC skyrockets to the aforementioned $8 million. Analysts note, that these comments come amidst MicroStrategy’s recent disclosure that it wants to increase its Bitcoin holdings. Saylor might be just pumping Bitcoin price. His core interest lies in the constant growth of Bitcoin. But who are we to judge? Everyone in crypto world will only benefit if the leading cryptocurrency will cost fortune. You better be one of those holding some BTC by that time, right?

Former United States President Donald Trump has promised to end President Joe Biden’s “war on crypto”. Of course, that is a one more promise Trump makes for the scenario when he is elected. “I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America. We’re going to keep it right here, and a lot of it is going to be done right here in Florida,” Trump said during a public event in West Palm Beach, Florida. Trump had criticized Biden's harsh stance on crypto many times before. But this time his criticism went as far as to claim that Biden is a 'crooked president, the worst president in the history of our country.' Trump also supported his previous statement that the rest of Bitcoin should be made in America. He added that the U.S. must not settle for anything but top place in the crypto industry. This goes directly against Biden's actions. The acting president has fueled public anger against Bitcoin mining, having publicly said about the high energy consumption and environmental impact. Biden has also proposed a 30% electricity tax for miners. That gives Trump grounds to claim that 'Biden wants crypto to die a slow and painful death. That will never happen with me.' The election day is scheduled for 5 November. And this time crypto industry might watching the closely.