Bitcoin is being positioned as a primary defense against a looming US financial crisis, next to gold, and is likely one of the main drivers fueling its current rally, according to an analyst. Bitcoin (BTC) just topped $121,000 in a new record high on Monday, “but this rally isn’t driven by hype — it’s fueled…
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Bitcoin’s creator, Satoshi Nakamoto, became the 11th richest person in the world after Bitcoin tapped $120,000 on Sunday. Nakamoto is believed to hold 1.096 million Bitcoin (BTC) across thousands of wallets, which is worth over $131 billion at current prices, according to blockchain analytics company Arkham. This would, in theory, place Nakamoto at number 11…
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Key Takeaways: Bitcoin rallied to $120,000 on Coinbase, led by BlackRock’s spot ETF, now holding over 700,000 BTC, surpassing Strategy. BTC Long-Term Holder NUPL remains below overheated levels, indicating minimal profit taking. Daily transactions are rising without panic selling, while accumulation addresses hold a yearly high of 250,000 BTC. Bitcoin (BTC) extended its July rally…
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Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times…
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Real-world asset (RWA) tokens can democratize access to investments previously inaccessible to retail traders, similar to how exchange-traded funds (ETFs) expanded retail access to financial instruments when they debuted in 1993, according to Christopher Perkins, president and managing partner of investment firm CoinFund. “I believe tokens are the new ETFs,” Perkins told Cointelegraph in an…
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Strategy co-founder Michael Saylor signaled that Strategy would resume Bitcoin (BTC) buying on Monday after the company took a week-long hiatus from accumulating the digital asset. “Some weeks, you don’t just HODL,” the executive wrote on Sunday. The company skipped buying BTC last week but announced a $4.2 billion capital raise. Before the break, Strategy…
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Key points: Bitcoin tags fresh record highs into the weekly close as liquidations punish shorts. BTC price areas of interest include a support test of $115,000. Hopes build that BTC/USD will copy its seven-week “discovery uptrend.” Bitcoin (BTC) hit new all-time highs on Sunday as BTC price volatility returned into the weekly close. BTC/USD 1-hour…
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Opinion by: Jakob Kronbichler, co-founder and CEO of Clearpool and Ozean Real-world assets (RWAs) onchain aren’t just a concept anymore — they’re gaining real traction. Stablecoins are proof of that. They’ve become a dominant source of onchain volume, with annual transfers surpassing Visa and Mastercard by 7.7% last year. Tokenized US Treasurys are gaining interest…
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Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the…
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Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year. The company, which suspended withdrawals in May, was placed into special administration last week amid mounting concerns over its financial management, according to…
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