Bitcoin is being pulled into a broader risk-off trade as AI-related credit stress collides with another surge in oil prices, and both take place just days before the next FOMC meeting. A recent report by QCP said BTC is still behaving like a risk asset, while the latest Middle East escalation has pushed Brent above […]
Tesla hasn’t sold any of its remaining Bitcoin. And a possible merger with SpaceX could put both companies’ Bitcoin under one corporate roof. SpaceX disclosed 18,712 BTC in its June IPO filing. Tesla reported this week that it still holds 11,509 BTC. That brings their combined stash to 30,221 BTC, worth around $2.5 billion at […]
Ethereum core developers have postponed the Glamsterdam upgrade on the Hoodi testnet, which had been set to activate on October 26 at 17:42:48 UTC. They want more time to study how a gas pricing change known as EIP-8037 behaves with smart contracts already running on the mainnet, and no replacement date has been set. Developers […]
Although the cryptocurrency markets are open during the weekends, they have become prone to volatility over the past several months, which returns on Monday morning. However, something strange happened over the past several hours: most digital assets experienced a sudden flash crash. It wasn’t an isolated case, as major AI stock perpetuals plunged by up […]
Solana’s on-chain economy is growing beyond meme coins. In fact, a new report suggests that real-world assets (RWAs) are emerging as one of its fastest-growing sectors. Castle Labs found that Solana’s tokenized RWA market grew by more than 600% over the past year as it rose from $700 million to $4.3 billion. That puts it […]
The analysts at the Kobeissi Letter argued that Wall Street is in a rare “bull-bear market,” with key indices, such as the S&P 500, hovering near record highs even as most of its components trade well below their peaks. The KL’s analysis believes this divergence could eventually fuel another powerful rally if inflation, energy prices, […]
Although BTC is already down by several grand since its local peak, the real trouble could be around the corner as reports emerged hours ago that US President Donald Trump is preparing a fresh wave of attacks against Iran during the weekend. The US stock market also plummeted again on Friday, especially the Nasdaq 100, […]
Bitcoin’s adverse price developments that began at the start of the previous business week culminated in another nosedive earlier this morning to just over $80,000 on most exchanges. This means that the asset tested this key support for the first time in nearly a month. Here are some of the possible reasons. Pain in Asia […]
The spot exchange-traded funds tracking bitcoin experienced their worst week in terms of outflows since the end of June, which became one of the reasons behind the underlying asset’s major correction. Although the net outflows from the spot Ethereum ETFs were slightly less, the overall ETH picture is worse given the lack of any green […]
The weekend is going relatively calmly for bitcoin and most of the crypto market, as is typical, but another macro event in the past several hours threatened to disrupt that. Yemen’s Houthis reportedly attacked the King Khalid International Airport in Riyadh, Saudi Arabia, with at least 12 people killed and over 300 injured. Saudi Arabia’s […]