The Bitcoin market would definitely bottom if Michael Saylor’s Strategy gets rekt, says Maksim Balashevich, founder of the crypto sentiment platform Santiment. “The biggest bull catalyst will be the liquidation of Saylor,” Balashevich tells Magazine. “The bull catalyst is when everything is bad. So bad it cannot be even worse,” the Switzerland-based crypto entrepreneur says. … Read more
Ethereum co-founder Vitalik Buterin made a significant move with his Ethereum holdings, Bitcoin mining difficulty plunges: Hodler’s Digest
Bitcoin ETF blowup shortlists a handful of Hong Kong funds A popular theory explaining Bitcoin’s recent selloff points to an Asian fund whose leveraged spot Bitcoin exchange-traded fund (ETF) options trade blew up. Parker White, chief of operations and investments at DeFi Development Corp, said in a viral tweet that a Hong Kong-based company is … Read more
ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet? Key takeaways: Ethereum maintains dominance in its total value locked metric, yet faces scrutiny over layer-2 scaling. ETH inflation rose to 0.8% as onchain activity slowed, while US macroeconomic fears kept the … Read more
Beast Industries, the entertainment company founded by YouTuber Jimmy “MrBeast” Donaldson, is acquiring Step, a mobile banking app focused on teenagers and young adults, marking its most significant push into finance to date. In a post to X on Monday, Donaldson said the motivation behind the acquisition was to equip young people with the tools … Read more
Bitcoin (BTC) pushed back above $71,000 on Monday, after market sentiment indicators across the crypto market dropped to new lows. Some analysts believed that “extreme fear” and upside liquidity may help Bitcoin hold above its yearly-low at $60,000, but others warned that weak market conditions and bearish futures volume may push prices even lower. Key … Read more
Coinbase’s “Everything App,” Base App, is sunsetting its Creator Rewards program and Farcaster-powered social feed as part of a strategic shift to focus entirely on tradable assets. The Creator Rewards program was launched in July and was intended to make the Ethereum layer-2 Base a more social ecosystem, where activity and engagement translate into earnings. … Read more
American billionaire and hedge fund manager Ray Dalio has warned that central bank digital currencies (CBDCs) are coming, offering benefits but also potentially allowing governments to exert more control over people’s finances. “I think it will be done,” said Dalio on CBDCs in a wide-ranging interview on the Tucker Carlson Show on Monday, which also … Read more
Ethereum co-founder Vitalik Buterin’s latest vision for Ethereum’s intersection with artificial intelligence sees the two working together to improve markets, financial safety and human agency. In an X post on Monday, Buterin said his broader vision for the future of artificial intelligence (AI) sees humans being empowered by AI, rather than replaced, though he said … Read more
Backpack, a crypto exchange founded by former employees of FTX, says it will launch a 1-billion-supply token in the future, with its distribution schedule tied to its goal of going public in the US. Backpack posted to X on Monday that its token launch will begin with 25% of the intended supply, or 250 million … Read more