Key points: Bitcoin made a strong comeback, confirming that dip buyers were present at lower levels; higher levels could continue to attract sellers. Select altcoins have bounced off their respective support levels, indicating a positive sentiment. Bitcoin (BTC) rallied to $112,500 on Wednesday, indicating that the bulls are trying to extend the recovery. The relief…
Read more
The US Commodity Futures Trading Commission (CFTC) said it will not pursue enforcement against two entities tied to prediction platform Polymarket. In a Wednesday notice, the CFTC said it had issued a no-action letter “regarding swap data reporting and recordkeeping regulations for event contracts” with QCX LLC and QC Clearing LLC. “The divisions will not…
Read more
Key points: Bitcoin returns to $112,000 as bulls stage a key resistance retest. BTC price action preserves the “bull market support channel” in a classic dip to support. Gold hits new all-time highs as perspectives on Bitcoin praise its status as a macro hedge. Bitcoin (BTC) tapped $112,500 after Wednesday’s Wall Street open as traders…
Read more
US Bancorp has reentered the crypto space by relaunching its digital asset custody services aimed at institutional investment managers. US Bancorp’s reentry follows a regulatory shift under President Donald Trump’s current administration, which rolled back a previous SEC rule that had forced banks to hold capital on their balance sheet for crypto-related activities, according to…
Read more
Bitcoin snapped a three-year streak of negative summer average returns, but it now enters its worst month, known as “red September.” September carries the dreaded nickname because it has delivered the lowest monthly returns for Bitcoin (BTC), averaging –3.77% across 12 years from 2013. It is also the month China imposed a pair of major…
Read more
Key takeaways: Bitcoin thrives when yields rise on debt and inflation fears, but struggles when central banks tighten aggressively. Today’s bond market stress looks inflation- and debt-driven, suggesting BTC could follow gold’s record run with higher-beta gains. Long-term government bond yields are ripping across the US, Europe, Japan and the UK, even as central banks…
Read more
Regulatory momentum in Washington and crypto exchange-traded funds have pushed the US up two spots into second place for crypto adoption, according to Chainalysis. The US trailed only India, which maintained the top spot for the third year in a row, and contributed to the Asia Pacific region being crowned the fastest-growing between July 2024…
Read more
The Dutch National Bank (DNB) imposed a fine of 2.25 million euros ($2.6 million) on crypto exchange OKX for operating in the country without registering with the regulator. According to a Wednesday DNB announcement, the fine pertains to the period from July 2023 to August 2024, before the introduction of the European Union’s Markets in…
Read more
Euro-denominated Bitcoin company Treasury raised initial funding of 126 million euros ($147 million) through a private round led by Winklevoss Capital and Nakamoto Holdings. According to a Wednesday announcement shared with Cointelegraph, the company used the funds to buy more than 1,000 Bitcoin (BTC) to jumpstart its Bitcoin treasury. Treasury said it aims “to be…
Read more
KuCoin cryptocurrency exchange is aiming to capture 10% of the blockchain mining capacity behind the world’s largest memecoin, the Dogecoin network, through the launch of a new cloud mining platform. KuCoin exchange is launching a platform that offers retail and institutional investors access to verifiable hashrate backed by global mining facilities with 300 megawatts (MW)…
Read more