Real estate mogul Grant Cardone has announced the firm’s first Bitcoin purchase as it becomes the latest firm to embrace a digital asset treasury strategy. Cardone Capital added 1,000 Bitcoin (BTC) to its balance sheet, becoming the “first ever real estate/Bitcoin company integrated with full BTC strategy,” CEO Grant Cardone said on X on Saturday. …
Read more
Bitcoin prices dipped below six figures for the first time since early May, but the weakness is only temporary, according to BitMEX co-founder Arthur Hayes. Bitcoin (BTC) prices fell to their lowest level for more than six weeks in late trading on Sunday when they dipped below $98,500, coming after a US airstrike on Iranian…
Read more
Spokane, the second-largest city in the US state of Washington, has banned crypto ATMs to fight rising scam activity targeting the city’s residents. Spokane City Council said on Monday that it became the first city in Washington to ban cryptocurrency ATMs following a unanimous vote. The measure was proposed by Council member Paul Dillon, who helped…
Read more
BitMEX founder Arthur Hayes warns that an incoming wave of new stablecoin companies will try to follow Circle’s successful public offering, but are more likely doomed to fail. In a post on Monday, Hayes cautioned that while Circle’s IPO marks the beginning of “stablecoin mania,” most new public stablecoin companies will be overvalued and fail.…
Read more
Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran. Trump has reportedly requested that the National Security Council be prepared in the White House Situation Room as he returned early from…
Read more
The price of gold is nearing its all-time high as tensions in the Middle East escalate, but analysts say they’re doubtful Bitcoin will do the same as investors prioritize other safe-haven assets. The price of gold rose to $3,450 per ounce on Monday, just $50 shy of its all-time high of just below $3,500 in…
Read more
The US Securities and Exchange Commission has rescinded a slate of rules the agency proposed under the Biden Administration, including two relating to crypto custody and exchanges. The SEC said on Thursday that it was “withdrawing certain notices of proposed rulemaking” that were issued between March 2022 and November 2023 under former Chair Gary Gensler.…
Read more
The Trump administration’s more relaxed attitude to crypto doesn’t mean the Commodity Futures Trading Commission will give the industry an easy ride, says the agency’s acting chair, Caroline Pham. “There is no easy street for anybody, and regulators aren’t easy,” Pham told Yahoo Finance at the Coinbase Annual Summit on Thursday. “Just because we are…
Read more
Strategy founder Michael Saylor says Covid-era restrictions and US central bank monetary policy at the time are what ultimately motivated him to invest in Bitcoin in 2020. During an interview with Dr. Jordan B. Peterson that aired on June 9, Saylor said he became deeply interested in Bitcoin (BTC) in 2020 following what he called…
Read more
Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode. Centralized treasuries, including governments, exchange-traded funds, and public companies, now control 30.9% of the circulating supply of Bitcoin (BTC), “signaling a growing shift toward institutional-grade infrastructure,”…
Read more