Argentine President Javier Milei’s crypto-friendly party has won the midterm election, positioning him as a leading contender for the October 2027 presidential race and bolstering his continued push for free-market policies. Milei’s La Libertad Avanza party obtained 40.68% of nearly 99% of votes counted to secure the victory over the Peronist party, according to local…
Read more
A new Bitcoin improvement proposal for a soft fork, created by core developer Luke Dashjr, has sparked outrage on X over a section that some claim is threatening legal consequences for those who reject the fork. The proposal, published on Friday, is the latest salvo in the recent Bitcoin Core vs Knots debate, which revolves…
Read more
One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli. Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5.1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday. The bankruptcy…
Read more
Inflation does not have a major impact on Bitcoin’s price, as many believe, but a weakening US dollar does help push up the cryptocurrency alongside gold, according to NYDIG. “The community likes to pitch Bitcoin as an inflation hedge, but unfortunately, here, the data is just not strongly supportive of that argument,” NYDIG global head…
Read more
Bitcoin’s (BTC) Stock-to-Flow (S2F) model, one of the most widely cited BTC valuation frameworks, forecasts a peak price of $222,000 during this market cycle, but investors should exercise caution when using the model, according to André Dragosch, the European head of research at investment firm Bitwise. The Stock-to-Flow model does not take into account demand-side…
Read more
United States Treasury secretary Scott Bessent said on Sunday that the US and China have made “substantial” progress on a trade deal framework, sparking investor hopes of reigniting the bull market. The proposed trade framework will likely remove the need for the 100% additional tariffs announced by US President Donald Trump on October 10, Bessent…
Read more
Opinion by: Rachel Lin, co-founder and CEO at SynFutures DeFi has come a long way since the boom-and-bust cycle of 2020’s DeFi Summer. Much of the surge in the early days was fueled by experimentation, hype and unsustainably high incentives. Five years on, DeFi’s foundations look very different. The past year’s experimentation is a quiet…
Read more
Key points: Bitcoin brings upside volatility into the weekly close with a charge through $112,000 resistance. Traders hope for new local highs next as the BTC price recovery continues. The US Federal Reserve is tipped to cut interest rates again next week. Bitcoin (BTC) challenged $112,000 into Sunday’s weekly close as traders hoped for new…
Read more
Former Binance CEO Changpeng “CZ” Zhao’s pardon by US President Donald Trump came after an extensive and expensive lobbying campaign in Washington. Zhao, who served a four-month prison sentence last year for violating US Anti-Money Laundering (AML) laws, benefited from a months-long effort by Binance and its legal team to win over key figures in…
Read more
Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve. The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO…
Read more