Japan’s newly elected prime minister, Sanae Takaichi, may open the door for more “refined” regulations to boost the country’s cryptocurrency economy, which could be set to emerge as the next global hub for crypto companies. Takaichi was elected leader of the Liberal Democratic Party (LDP) on Saturday and is set to become Japan’s first female…
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Cryptocurrency investment products have reached a major milestone, with year-to-date (YTD) inflows surpassing the total gains recorded in 2024. Global crypto exchange-traded products (ETPs) have attracted $48.67 billion so far this year, exceeding the full-year total for 2024, according to CoinShares head of research James Butterfill, who reported the figures in an X post on…
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Luxembourg’s sovereign wealth fund has allocated 1% of its portfolio to Bitcoin exchange-traded funds (ETFs), marking one of the first such moves by a European state-backed investment entity. Luxembourg Director of the Treasury and Secretary General Bob Kieffer noted the investment in a Wednesday LinkedIn post. He said Finance Minister Gilles Roth had revealed the…
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Binance Japan has entered into a capital and business agreement with PayPay, a mobile payment service operated by the major Japanese investment holding company, SoftBank Group. SoftBank’s PayPay has acquired a 40% equity stake in the Japanese subsidiary of global crypto exchange Binance, with Binance Japan becoming an equity-method affiliate of PayPay as of September…
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Key points: Bitcoin is due for a breakout after record Bollinger Bands “tightness,” but the direction remains unknown. According to history, the scenario typically resolves within around three months. BTC price action is teasing the start of a new “price discovery uptrend.” Bitcoin (BTC) may flip “parabolic” or end its bull market within the next…
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Asset manager Bitwise’s decision to set a 0.20% fee on its amended US-based Solana ETF application, which now includes staking, may be a sign of how competitive the product could get among ETF issuers, according to ETF analyst Eric Balchunas. “Thought we’d see higher first, need war to get this low,” Balchunas said in an…
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Nearly all of Bitcoin’s supply is now in profit after a recent rally, but rising leverage and “crowded call positioning” could suggest growing short-term fragility, according to onchain analytics. As of Wednesday, 97% of Bitcoin (BTC) supply is in profit, reported blockchain analytics provider Glassnode. “Building on the accumulation trend, Bitcoin’s rally to a new…
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BitMEX co-founder Arthur Hayes has agreed that the four-year crypto cycle is dead, but not for the reasons most people believe. “As the four-year anniversary of this fourth cycle is upon us, traders wish to apply the historical pattern and forecast an end to this bull run,” said Hayes in a blog post on Thursday.…
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Bitcoin is poised for unprecedented price discovery as long as it doesn’t peak within the next few days, according to veteran trader Peter Brandt. “It is reasonable to expect a bull market high any day now,” Brandt told Cointelegraph on Wednesday, citing Bitcoin’s (BTC) historical cycle pattern, which has played out in the three previous…
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Bitcoin is currently clear of “overbought conditions” and is set to track a steady path upward despite hitting a new all-time high on Monday, according to analysts. Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it “roughly halfway through its four-year price cycle,” CryptoQuant contributor Arab Chain said on Wednesday. …
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