Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move as “one of the hardest decisions in the history” of the company and said all employees […]
The enhanced price volatility this week continues, as bitcoin has started to lose value rapidly once again, dropping to a multi-day low of well under $63,600. The latest leg down was likely prompted by the quickly escalating global tension, especially between the two old enemies – Iran and Israel. The breaking story started to develop […]
Reid Hoffman, the prominent venture capitalist and co-founder of the world’s leading professional networking service, LinkedIn, is heavily invested in Ethereum, according to Arkham Intelligence. Data cited by the firm shows Hoffman holds $6.1 million worth of ETH in a publicly known address. He also owns a CryptoPunk NFT, which was purchased for 150 ETH […]
Bitcoin perpetual funding rates on major exchanges have flipped negative, signaling that short sellers now dominate the derivatives market and are paying to keep their positions open. While negative funding typically reflects bearish sentiment, one analyst is interpreting the current extreme as a potential setup for a short squeeze, arguing that excessive short positioning often […]
Around 115,500 Bitcoin options contracts will expire on Friday, Feb. 27, with a notional value of roughly $7.8 billion. This event is much larger than usual because it is the end of the month, so there could be a little volatility on spot markets. Crypto markets have seen a little daylight with a mid-week lift, […]
The total fees paid on the Binance Smart Chain (BSC) recently fell to approximately $593,000, marking the network’s lowest usage cost since at least August 2025. This collapse in transaction activity on one of crypto’s busiest highways is reviving memories of a similar demand drought last summer that immediately preceded a 95% rally in Bitcoin […]
Bitwise’s Chief Investment Officer Matt Hougan believes there is a fundamental disconnect between perception and reality in the crypto market. He argued that investors often misinterpret what is truly happening because behavioral biases, particularly anchoring bias, distort their view. Anchoring bias, the tendency to fixate on the first piece of information encountered, shapes how people […]
Bitcoin’s Stablecoin Supply Ratio (SSR) has dropped to 9.36, a level historically associated with significant buying power waiting on the sidelines, but on-chain data shows this metric is flashing a false signal. According to analyst Axel Adler Jr., the decline is being driven by capital leaving the ecosystem rather than stablecoin accumulation, which fundamentally alters […]
Ripple CTO David Schwartz has said that the XRP Ledger (XRPL) was deliberately designed so that neither the company nor any single entity could control it. His remarks came hours after Cyber Capital founder Justin Bons argued that XRPL is effectively permissioned and centralized, with the exchange cutting to a long-running debate in crypto over […]
The Ethereum Foundation announced that it has begun staking a portion of its treasury funds, following the Treasury Policy it released last year. The latest move represents a formal step into direct participation in Ethereum’s proof-of-stake consensus. Treasury Staking As part of this initiative, the Foundation deposited 2,016 ETH on Tuesday and stated that it […]