Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings…
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Solana infrastructure provider Jito Labs, asset managers VanEck and Bitwise and two other stakeholders are appealing to the US Securities and Exchange Commission (SEC) to allow liquid staking for Solana exchange-traded products (ETPs). Liquid staking is a form of allocating tokens to a validator while receiving a derivative token in return, effectively meaning the staked…
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Key points: Bitcoin still trades in its 18-day range despite a breakdown below $116,000. The latency between pro-crypto policy from US regulators and the Trump administration and Bitcoin price has left traders feeling anxious. Bitcoin (BTC) sold off sharply on Wednesday following the Federal Reserve’s release of the FOMC minutes and Fed Chair Jerome Powell’s…
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The US Securities and Exchange Commission’s recent decision to let crypto ETF issuers swap Bitcoin and Ether directly for fund shares represents a structural upgrade, not a retail revolution, analysts say. Bloomberg’s Eric Balchunas called the change “a plumbing fix,” noting it won’t meaningfully affect how everyday investors interact with crypto exchange traded funds. “This…
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Bitcoin’s failure to hold above $120,000 was accompanied by a surge in selling from large holders, marking what analysts call the “third major profit-taking wave of this bull run.” Realized profits on Bitcoin (BTC) spiked to between $6 billion and $8 billion in late July — levels that coincided at or near local tops in…
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Key takeaways: Bitcoin may reach a cycle top of $150,000 by October, based on halving-cycle fractals. New BTC investor activity is rising, signaling more room for upside. Bitcoin (BTC) may be entering the final leg of its current bull market cycle, with historical halving-based fractals suggesting that the next major market top could arrive by…
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The initiative aims to modernize the SEC for 21st-century finance and was formed in response to recent policy recommendations from the White House. News COINTELEGRAPH IN YOUR SOCIAL FEED US Securities and Exchange Commission Chair Paul Atkins has announced “Project Crypto,” an initiative to modernize the agency for the digital finance age and establish clear…
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Blockstream, the developer of Bitcoin’s layer-2 protocol Liquid and led by Bitcoin cypherpunk Adam Back, has launched Simplicity, a new smart contract language designed for Bitcoin. According to a Thursday announcement shared with Cointelegraph, Simplicity smart contracts will be integrated into Liquid. The company said the move marks a step forward in transforming Bitcoin (BTC)…
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The White House released its long-awaited report on crypto on Wednesday, detailing a number of policy recommendations that omitted a Bitcoin (BTC) reserve. The 166-page document provides recommendations for multiple aspects of the crypto industry, including banking policy, stablecoins and countering illicit finance. The report does mention the Strategic Bitcoin Reserve, insofar as it was…
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Opinion by: Michael Egorov, founder of Curve Finance The crypto world shifts its focus every few months, with headlines buzzing about AI, integrations, memecoins and grand Web3 visions. While the spotlight moves from trend to trend, a quieter, deeper transformation is taking place beneath the surface: the gradual birth of a new financial system built…
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