ZK blockchain project Hyli is shutting down after two years, with the team citing weak market demand for zero-knowledge technology as the decisive factor. “ZK has not gained the traction we had hoped for,” the team said in an announcement posted Wednesday on X, adding that it sees no viable path to launching the network
Fold Holdings, a Bitcoin (BTC) financial services company traded on Nasdaq, announced it sold approximately $45 million worth of Bitcoin to strengthen its balance sheet and support its growth plans. The company reported that it completed sales transactions at an average price of $71,000. According to Fold’s statement, approximately $20 million of the proceeds were
The customer experience industry will become a $5 trillion market by 2030, according to Netomi founder and CEO Puneet Mehta, who says that growth will create demand for stablecoins and blockchain-based payment infrastructure rather than pull capital away from crypto. Mehta said companies currently spend roughly $500 billion annually on customer experience-related knowledge work. As
If bitcoin and Ethereum had been invented on the same day, nobody would have heard of bitcoin. I sold every bitcoin Bit Digital held and deployed the proceeds into Ethereum. I have built one of the largest corporate Ethereum treasury positions in the world and said, on the record, that we will never sell it.
US President Donald Trump delivered harsh messages regarding Iran, stating that Washington would increase pressure on Tehran. Trump declared that they would launch “very hard attacks” against Iran, adding that Iran would be targeted again today. Trump added that they are still seeking a compromise on the nuclear deal with Iran, saying that the Tehran
The leading cryptocurrency, Bitcoin ($BTC), has fallen to around $60,000 following recent declines. As a result, more than half of Bitcoin’s circulating supply is currently trading at a loss. This suggests that the bottom for $BTC may be approaching. According to The Block, K33 Research’s latest analysis indicates that more than 50% of Bitcoin’s circulating
More than 8 million $BTC are now being held at an unrealized loss as Bitcoin’s recent correction continues to pressure investors, according to on-chain data from Glassnode. The latest figures shared on June 10 show Bitcoin ($BTC) supply in loss has climbed to roughly 8.33 million $BTC following the market’s decline from recent highs. The
With its stock down 42% year-to-date and 85% over the past 12 months, Metaplanet, Japan’s largest bitcoin ($BTC) treasury company, is looking to restore investor confidence. On Monday, its CEO Simon Gerovich broadcasted, “when mNAV is below 1.0x we will strongly consider repurchasing common shares.” The acronym mNAV refers to the premium that investors pay
Mike McGlone, a commodity strategist at Bloomberg Intelligence, has flagged ‘a 100-year pump-then-dump risk signal’ for US stocks and Bitcoin (BTC). In a June 10 analysis shared on X, McGlone argued that the stock market could end 2026 lower than expected despite years of strong gains, pointing to extreme valuations in US equities and growing
Tempers are flaring as the bitcoin bear market deepens. Strategy’s (MSTR) latest bitcoin purchase has sparked a public debate on X between Executive Chairman Michael Saylor and bitcoin advocate Matthew Kratter over whether the company’s most recent capital raise was accretive or dilutive for shareholders. The disagreement centers on Strategy’s own bitcoin performance metric, $BTC