The past 24 hours have witnessed bitcoin (BTC) record all-time highs (ATHs) again and again, with the latest being at almost $119,000. While it is evident that institutional demand and whale movements are driving this rally, analysts have identified another cohort of investors who have contributed to the surge. According to a tweet by the […]
“Bitcoin has effectively cornered the world’s central banks, and there is no way out,” said author Adam Livingston on July 9. He added that the banks face an “unprecedented challenge,” in that they cannot print Bitcoin to defend their currency, which creates a “policy trilemma.” Policymakers essentially have three choices: they can raise interest rates […]
The BlackRock iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone by generating more annual fee revenue than the firm’s flagship S&P 500 tracker, despite being much smaller in size. The crypto fund generates an estimated $187.2 million in annual fees from its $75 billion in assets with a 0.25% expense ratio. In contrast, the […]
The REX-Osprey Solana Staking ETF will be launched on July 2 under the ticker SSK as the first US ETF allowing investors to earn rewards by staking Solana tokens to validate blockchain transactions. The new yield-chasing crypto fund tracking Solana has been cleared for debut, according to Bloomberg, citing a person familiar with the matter. […]
US stock markets surged last week, with major indexes approaching all-time highs on the easing of tensions in the Middle East and rising hopes for a Federal Reserve rate cut later this year. Crypto markets were a little slower to react, remaining mostly flat over the past week and into the weekend. The Fed’s preferred […]
US President Donald Trump announced a complete ceasefire between Israel and Iran, potentially ending the 12-day war, late on Monday. Trump took to his social media network, Truth Social, to state, “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE.” Trump on the Israel/Iran […]
A new report from Flashbots has warned that Maximum Extractable Value (MEV) is quietly becoming one of the biggest roadblocks to blockchain scaling. According to the research, rampant “spam auctions” driven by MEV searchers are systematically consuming most of the new capacity on high-throughput chains like Solana and Ethereum Layer-2s (L2s), neutralizing scaling gains and […]
Bitcoin network activity shows a decline in transactions but a rise in settlement volume, “pointing to increased usage by large entities,” reported Glassnode on June 19. It added that a “clear divergence” has emerged between market valuation and network activity, indicating that large institutions are becoming more dominant in network activity. Daily Bitcoin transactions have […]
The US Senate has passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 68 to 30 vote on June 17. The landmark bill sets the first federal regulations for dollar-pegged stablecoins in America and has been lauded by the crypto industry. “The GENIUS Act will protect consumers, enable responsible innovation, […]
Crypto markets have been relatively quiet over the weekend as assets have stabilized following their $200 billion dump on Friday when Israel attacked Iran. Last week, the consumer sentiment index rebounded in its first improvement in six months, while cooler-than-expected consumer and producer inflation reports (CPI and PPI) lifted investor spirits. However, Friday’s escalation of […]