Strategy fell to the lowest since October, 2024, and ether and solana treasury plays including BitMine, Sharplink, Solana Company, Upexi tumbled nearly 10%.
News from Web3, Bitcoin and crypto crurrency launches and market updates
Europol dismantled a crypto-mixing platform it said is used by ransomware groups and darknet markets to launder bitcoin, seizing servers, data and $29 million in BTC.
The executive chairman of bitcoin treasury firm Strategy teased a switch from orange dots to green dots in what’s become his routine cheeky Sunday X post.
S&P Global last Wednesday slashed its rating on Tether’s USDT stablecoin to its weakest score.
The goal of the upgrade is to enable Ethereum to handle the large transaction throughput from the layer-2 chains that use the blockchain as their base layer.
A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.
The firm’s US-listed spot bitcoin ETF IBIT, launched in January 2024, reached $70 billion in assets in record time and has generated hundreds of millions in fees.
The card doesn’t require preloading funds or custodial services, and carries a 2% fee on currency conversions, with no IOF tax for Brazilian users.
The court cases will continue for the moment.
An executive at a Brazil-based crypto firm argued that increasing regulation and surveillance are a threat to freedom, and that P2P tech remains a vital line of defense.
Despite ETF hype, central banks and asset allocators continue to choose gold over crypto for reserve and trade purposes.
Despite low sentiment and falling prices, Bitwise’s André Dragosch says bitcoin is trading as if a recession is imminent, while macro growth expectations are already improving.