Cryptocurrency
This week, CoinDesk highlighted the resurgence of Bitcoin after a period of stagnation. The cryptocurrency surged to over $95,000, marking a 12% increase for the week and signaling renewed confidence in the post-election crypto landscape. As prices climbed, Bitcoin claimed the fifth spot among all financial assets, even surpassing
Cryptocurrency
STX, the native token of the Stacks protocol, has shown exceptional performance this week by surging 56%, making it the top gainer among the largest 100 cryptocurrencies based on market capitalization. The rise in value comes as BitGo announced plans to incorporate sBTC into the ecosystem, aiming to facilitate institutional
Cryptocurrency
The Federal Reserve, alongside the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp., has withdrawn previous directives requiring banks to seek approval from regulators for engaging in cryptocurrency activities. The move aims to promote innovation within the banking industry. With this decision, all three regulatory
Cryptocurrency
New Competitor Twenty One's Bitcoin Strategy Could Boost Strategy Stock TD Cowen believes that the emergence of Twenty One could transform institutional sentiment and confirm the strength of MSTR’s bitcoin strategy in the long run. According to TD Cowen, Twenty One mirrors Strategy’s bitcoin-centric approach, reinforcing
Cryptocurrency
A hacker who managed to compromise the admin wallet of the layer-2 blockchain protocol ZKSync, stealing approximately $5 million worth of ZK tokens during an airdrop, has recently returned the stolen funds. The return was made within the agreed "safe harbor" timeframe, with the hacker receiving a 10%
Cryptocurrency
Solana Purchase for Balance Sheet Strengthens as DeFi Expansion Boosts Holdings to $48M Formerly known as Janover, the company has been actively acquiring SOL tokens at discounted rates to bolster its long-term cryptocurrency portfolio. DeFi Development Corp has now increased its Solana holdings by $9.9 million, bringing the total
Cryptocurrency
Citrea has taken a significant step in addressing the challenge of collateral bottlenecks when utilizing BTC in decentralized finance (DeFi) by launching its Clementine Bridge on the Bitcoin testnet. This move is part of Citrea's mission to enhance the usability of Bitcoin by establishing a secure bridge between
Cryptocurrency
XRP Ledger Experiences Security Breach Addressed by Foundation Recently, a critical flaw was detected in the XRP Ledger's library, prompting an urgent response. The vulnerability stemmed from unauthorized access using an XRP Ledger developer access token on the Node Package Manager (NPM) platform, where developers exchange code for
Cryptocurrency
Tesla has disclosed that it maintains approximately $951 million in cryptocurrency holdings. Despite missing earnings expectations, Tesla did not liquidate any digital assets during the recent quarter. Following a regulation from the Financial Accounting Standards Board (FASB), businesses are now obligated to reevaluate the value of their digital assets on
Cryptocurrency
AVAX Token from Avalanche Skyrockets 10.7% Amid Bullish Breakout Avalanche's AVAX token is defying recent market challenges, showcasing an impressive surge in value marked by heightened trading volume and a break past significant resistance levels. The recent price action of Avalanche's AVAX token reflects a
Cryptocurrency
Mantra, the platform focused on real-world asset tokenization, is set to burn a substantial number of OM tokens to improve staking rewards following a sharp decline in the token's value. The decision involves incinerating 300 million OM tokens, with half of them being part of the initial allocation
Cryptocurrency
Could Bitcoin Benefit from Trump Dismissing Powell? Lessons from Turkey's Lira Plunge Suggest So The possibility of President Trump firing Federal Reserve Chairman Jerome Powell may have repercussions for Bitcoin, as it could weaken the USD and prompt increased adoption of cryptocurrencies like BTC and stablecoins. President Erdogan
Cryptocurrency
TD Cowen analysts have recently scrutinized Strategy’s impact on the Bitcoin market following its significant buying activities in the cryptocurrency over the last half-year. Despite pouring billions into Bitcoin, Strategy's purchases have shown minimal influence on BTC prices, as per TD Cowen's latest research. The
Cryptocurrency
Bitcoin's Breakout Signals BTC Potentially Rallying to $90K-$92K: Technical Analysis The cryptocurrency is likely targeting the $90K-$92K range, which previously served as a strong support zone. * Bitcoin's price surged past $87,000, breaking out of a week-long consolidation between $83,000 and $86,000.
Cryptocurrency
Chart of the Week: 'Dire Picture' for BTC Miners as Revenue Flatlines Near Record Low Despite bitcoin trading around $84,000, miner revenue has decreased due to the recent halving event and rising operational costs. * Hashprice, a key metric for miner revenue, is near a five-year low, highlighting
Cryptocurrency
Chart of the Week: 'Dire Picture' for BTC Miners as Revenue Flatlines Near Record Low Despite bitcoin trading around $84,000, miner revenue has decreased due to the recent halving event and rising operational costs. * Hashprice, a key metric for miner revenue, is near a five-year low, highlighting