Strategy’s preferred stock STRC closed Wednesday at $94.65, about 5% below its $100 par value, touching off a wave of alarm on social media. While some critics have aired concern about the sustainability of the structure that has helped fund Strategy’s Bitcoin buying spree, a few supporters argue that STRC’s move down is normal for […]
Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling a large portion of its holdings at a significant discount. According to data shared by blockchain analytics platform Lookonchain, the company acquired 50,770 ETH for around $196 million at an average price of […]
Bitcoin’s price decline from earlier this week was not a one-time thing, as the asset’s troubles intensified in the past 12 hours or so with another fresh nosedive to a multi-month low. BTC dragged most alts with it, liquidating more than 270,000 over-leveraged traders in the process. The Drop It now feels like an eternity, […]
Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are increasingly becoming a contrarian investment. In his latest memo, Hougan flagged three factors influencing the market, beginning with crypto’s struggle to attract investor enthusiasm as prices remain under pressure and momentum fades. […]
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian crypto exchanges. The move is part of the Donald Trump administration’s Economic Fury campaign aimed at increasing economic pressure on Tehran. The Treasury’s sanctions apply to Nobitex, Wallex, Bitpin, and […]
Over 160 former national security, intelligence, and law enforcement officials are pushing the U.S. Senate to advance the CLARITY Act, arguing that it would strengthen efforts to combat illicit finance in the crypto space. The appeal was made in a letter addressed to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer and was […]
ETH prices fell to $1,720 on Coinbase in early trading on Thursday morning, according to TradingView. This is the lowest the asset has been since April 2025, more than a year ago. Ether tanked to a low of $1,400 back then, so that could serve as the bottom support zone again if prices keep falling. The […]
Crypto markets have dumped 4.9% or a whopping $140 billion over the past 24 hours, sending total capitalization to $2.37 trillion, its lowest level since early April. Over the past 24 hours, 265,000 traders were wrecked, and the total liquidations were a whopping $1.63 billion, according to Coinglass. Around 89% of those were long positions, […]
Robinhood Markets has completed its $180 million acquisition of WonderFi, a Toronto-based provider of digital asset products and services. With the deal, Robinhood is entering the Canadian market by acquiring an established operator of regulated crypto exchanges. As part of the acquisition, WonderFi’s two regulated crypto trading platforms, Bitbuy and Coinsquare, will become part of […]
Similar to previous bear markets, bitcoin (BTC) is now on track to experience a slow bleed regime. As analysts explained in the latest Bitfinex Alpha report, this seasonal pattern is further aggravated by weakening demand from spot and institutional avenues. Even options traders have stopped paying for protection as implied volatility continues to decline and […]