Key points: Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size. Liquidation heatmap data suggests the sell-off could extend to $107,000. Bitcoin (BTC) fell to a 2-week low of $108,865 on Thursday, and while an assortment of entities have shown interest in buying the range lows, this week, selling during the Asia…
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How HashKey’s $500-million fund signals a new era for corporate balance sheets Hong Kong-based HashKey Group has launched a significant $500-million Digital Asset Treasuries (DAT) fund, marking a major step toward mainstream acceptance of cryptocurrencies. This initiative places digital assets at the heart of treasury innovation. DATs are changing how companies manage balance sheets, and…
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Asset manager Hashdex expanded its Crypto Index US exchange-traded fund (ETF) to include XRP (XRP), SOL (SOL) and Stellar (XLM) following the generic listing rule change from the Securities and Exchange Commission (SEC). The Nasdaq stock exchange-listed ETF now includes five cryptocurrencies held 1:1 by the fund, including Bitcoin (BTC) and Ether (ETH), and is…
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Key points: Bitcoin falls with stocks and gold on stronger-than-expected US jobs data. The US dollar index reaches its highest levels in three weeks as jobless claims come in below expectations. $110,000 is an increasingly “likely” BTC price target next. Bitcoin (BTC) looked “likely” to revisit $110,000 on Thursday as macro and geopolitical factors fueled…
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SharpLink Gaming, one of the world’s biggest public holders of Ether, announced plans to tokenize its common stock on the Ethereum blockchain. SharpLink has partnered with the financial technology firm Superstate to tokenize its Nasdaq-listed stock SBET through Superstate’s Open Bell tokenization platform, the company said Thursday. “Tokenizing SharpLink’s equity directly on Ethereum is far…
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Ohio has become the latest US state to move toward allowing cryptocurrency payments for government services after the State Board of Deposit unanimously approved its first vendor to process digital asset transactions, according to a Wednesday announcement from the Ohio secretary of state. The move makes Ohio the fourth state to authorize cryptocurrencies for fees,…
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Opinion by: Daniil and David Liberman, creators of Gonka Bitcoin taught us something important about building infrastructure: When you reward efficiency, you get incredible innovation. Fifteen years ago, Bitcoin mining ran on the same graphics cards gamers use. The network was slow, and the hashrate was low. But Bitcoin’s proof-of-work (PoW) system rewards miners who…
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Key takeaways: The slowdown in spot Bitcoin ETF flows signals weak institutional demand, hinting at a cooling bullish sentiment $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $90,000. Bitcoin (BTC) sellers emerged again on Thursday as the drop to $111,000 sparked fears that a further correction toward…
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Key takeaways: Coffee shops, fast-food chains like Starbucks and Sheetz and retailers like Microsoft and Home Depot are accepting crypto payments via apps and third-party processors. More and more platforms are gradually enabling the use of Bitcoin, Ether and XRP for large-scale travel and airline reservations. Luxury brands, high-end car dealerships and real estate developers…
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Curve’s decentralized autonomous organization (DAO) approved a proposal to provide Yield Basis, a new protocol developed by Curve founder Michael Egorov, with a $60 million credit line in crvUSD stablecoin ahead of its mainnet launch. The vote cleared the way for Yield Basis to introduce Bitcoin-focused liquidity pools designed to eliminate impermanent loss — when…
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