Key takeaways: Gold’s ongoing pullback could trigger Bitcoin’s rebound, according to multiple analysts. Rallying to $150,000–$165,000 by year’s end is still possible, based on technical analysis. Bitcoin (BTC) is showing signs of bottoming out as the rally by its analog rival, gold (XAU), is starting to look increasingly overextended. Bitcoin hints at “generational bottom” as…
The UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & Customs (HMRC) issued nearly 65,000 letters in the 2024–25 tax year, up from 27,700 the year before, the Financial Times reported…
Li Lin, the founder of cryptocurrency exchange Huobi and chair of investment company Avenir Capital, has reportedly raised about $1 billion as part of a strategy to invest in Ether. According to a Bloomberg report on Friday, Li has partnered with Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai…
The crypto market’s Fear & Greed Index flipped sharply to “fear” this week, falling to levels last seen in April, as a market sell-off erased over $230 billion in a single day. On Friday, CoinMarketCap’s Crypto Fear & Greed Index, which tracks volatility, market momentum, social media trends and dominance metrics, fell to a low…
Several Bitcoiners, including Jack Dorsey, have reinforced their push for the privacy-focused messaging app Signal to adopt Bitcoin through a new “Bitcoin for Signal” campaign, which aims to integrate Bitcoin with the Cashu protocol to enable payments within the app. “@Signalapp should use Bitcoin,” Dorsey posted to X on Thursday, retweeting a post from pseudonymous…
Key takeaways: Ether price previously fell 60% from a bearish cross that’s again in play. ETH must hold above $4,000 to avoid further losses. Ether’s (ETH) MACD indicator sent a “sell” signal on its weekly chart, an occurrence that has historically preceded steep price drawdowns. Previous signals led to 46%-60% ETH price drops Ether’s moving…
Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why blockchain could shine in traditional banking. On Wednesday, Paxos mistakenly minted $300 trillion worth of the PayPal USD (PYUSD) stablecoin, describing it as an “internal technical error.” What’s important, however, is that the blockchain allowed…
Opening arguments in the criminal trial for two brothers allegedly responsible for using maximal extractable value (MEV) bots to perpetuate a multimillion-dollar exploit kicked off on Wednesday. Anton and James Peraire-Bueno appeared in a New York courtroom as US attorneys and defense lawyers presented different narratives around the alleged crypto scheme, which resulted in about…
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund…
Binance is launching a $400 million relief program for traders affected by losses across its ecosystem during Friday’s crypto sell-off, despite saying it does not accept liability for user losses. According to a Tuesday post by the exchange, the initiative will distribute $300 million worth of token vouchers, ranging in value from $4 to $6,000,…
