Analysts mapped a slow-grind path for bitcoin and flagged $112,000 as the trigger while gold advocate Peter Schiff revived the gold-versus-bitcoin debate by challenging Michael Saylor’s BTC treasury bet for his firm. CoinDesk Senior Analyst James van Straten said bitcoin’s market structure has shifted alongside gold’s repricing. He expects a slow, stair-step advance supported by […]
Crypto treasury firms that stockpile tokens could evolve from speculative wrappers into long-run economic engines for blockchains, argues Syncracy Capital co-founder Ryan Watkins. Digital asset treasury (DAT) firms are publicly traded companies that raise capital to acquire and manage crypto on their balance sheets. In a Sept. 23 blog post and an accompanying thread on […]
Strive Asset Management (ASST) has acquired Semler Scientific (SMLR) in an all-stock deal. While historic, the move also drew attention to what may be a problem for investors valuing bitcoin treasury firms. The acquisition was the first-ever merger between two Digital Asset Treasuries (DATs) holding bitcoin, giving the combined company control of more than 10,900 […]
James Wynn, the pseudonymous trader behind a billion-dollar bitcoin (BTC) bet earlier this year, is back. This time, Wynn is making a leveraged play on ASTER just days after being liquidated on the same token. Wynn has opened a new 3x leveraged long on ASTER, the native token of the emerging Aster perpetuals exchange, worth […]
Bitcoin (BTC) just ended what is historically the largest cryptocurrency’s third-worst week of the year with a greater-than-average drop of 5%. Week 38 effectively closes out the third quarter, which is up about 1%, as well as September, which has managed to hold flat. While the figures are consistent with the period’s historical reputation as […]
Bitcoin (BTC) just ended what is historically the largest cryptocurrency’s third-worst week of the year with a greater-than-average drop of 5%. Week 38 effectively closes out the third quarter, which is up about 1%, as well as September, which has managed to hold flat. While the figures are consistent with the period’s historical reputation as […]
Debates over Bitcoin’s future are nothing new, but this week the discussion took on a sharper edge. One of Bitcoin’s long-serving developers was at the center of a storm about immutability, censorship and what it means to “save” the protocol. The controversy escalated on Sept. 25, following an article published by The Rage claiming to […]
MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday. The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the […]
The United Nations leaned into blockchain technology to overhaul its own pension system, and a study of that process concluded the innovation is the “ultimate technology for digital identity verification,” which has spurred the UN toward extending the system and sharing it with other international groups. The UN — which has explored various blockchain uses […]
Crypto markets modestly bounced on Friday with bitcoin (BTC) back above $110,000. Ethereum’s ether (ETH) outperformed with a 3.8% gain to cross $4,000, while dogecoin (DOGE) rose 3.4% and Solana (SOL) added 2.5%. The cautious bid came as fresh inflation data landed squarely in line with forecasts. The Fed’s preferred measure of prices, the Personal […]
Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm […]
Avalanche’s native token AVAX fell 8% over the past 24 hours to $27.72, extending a weeklong slide that erased nearly 18% of its value. The drop occurred alongside a broad plunge in crypto markets that’s seen ETH, SOL, DOGE also post double-digit percentage declines over the past week and BTC fall 6%. AVAX has struggled […]