Bitcoin’s (BTC) pre-FOMC rally on Wednesday stalled at $90,000 amid stiff overhead resistance and weak ETF demand. Still, several data points suggested that upward momentum may increase once the BTC/USD pair breaks above $93,000. Key takeaways: BTC bulls must flip the $90,000-$93,000 into new support. Spot ETF outflows are stabilizing, suggesting a reduction in institutional…
Bitcoin treasury company Strive said it has retired 92% of the debt it inherited after acquiring Semler Scientific earlier this month, and bought another 334 Bitcoin, following the closure of a preferred stock offering. Strive said on Wednesday that it saw $600 million in demand for its Variable Rate Series A Perpetual Preferred Stock, trading…
Hyperliquid’s native token, HYPE (HYPE), is up 23% over the last 24 hours to trade at $33, significantly outperforming other top-cap cryptocurrencies. The altcoin has gained 58% over the last three days to an eight-week high of $34.5 as commodities trading on Hyperliquid surged to new highs. Key takeaways: HYPE has surged over 57% in…
Bitcoin could break out of its “sideways funk” if the United States central bank attempts to support a failing Japanese bond market by printing money, according to BitMEX founder Arthur Hayes. Hayes proposed a theory on Wednesday about how the Federal Reserve “could be printing money to manipulate the yen and JGB [Japanese government bond]…
Key takeaways: Ethereum reached 16.4 million weekly transactions, proving fees can stay below $0.20 during high demand. Decentralized exchange volume across the Ethereum ecosystem hit $26.8 billion, signaling a return of investor interest. Ether (ETH) experienced a 15.9% price correction during the seven days ending Sunday. This volatility triggered $910 million in liquidations for bullish…
South Korea’s central bank chief warned that Korean won-denominated stablecoins could complicate capital flow management, adding a note of caution to an ongoing debate among lawmakers over whether and how domestic stablecoins should be issued, according to local reports. Speaking at the Asian Financial Forum in Hong Kong, Bank of Korea Governor Lee Chang-yong said…
Bitmine Immersion Technologies’ growing Ethereum staking position may translate into more than $160 million in annual staking revenue at current rates, as more of its Ether holdings are put to work onchain. Bitmine, the largest publicly traded Ether treasury, said it added 40,302 Ether (ETH) over the past week, lifting total holdings to 4,243,338 million…
Opinion by: Marcin Kaźmierczak, co-founder of RedStone The fight for dominance in blockchain won’t be won by whoever has the lowest fees or the fastest consensus; it will be won by whoever can mobilize the largest base of users. Circle, Stripe, Coinbase and others are soon to follow, rewriting their business models around proprietary chains….
Entropy founder and CEO Tux Pacific says that, after four years and multiple pivots, the project was unable to find a scalable business model. Crypto start-up Entropy is closing down and handing funds back to investors, citing issues with scaling and struggling to find product-market fit. Entropy founder and CEO Tux Pacific posted to X…
Tezos, a layer-1 proof-of-stake blockchain network, implemented its latest protocol upgrade, Tallinn, on Saturday, which reduced block times on the base layer to 6 seconds. The latest upgrade is the 20th update to the protocol, which reduces block times, slashes storage costs and reduces latency, resulting in faster network finality times, according to an announcement…
