Tether CEO Paolo Ardoino said in a post on X on Sunday that “Bitcoin and Gold will outlast any other currency,” a minimalist line that aligns with how the stablecoin issuer has positioned parts of its reserves over the past two years. On May 17, 2023, Tether said it would regularly allocate up to 15%
MicroStrategy founder Michael Saylor has attracted attention by resharing his “Bitcoin Tracker” data. Saylor wrote in his post, “Don’t stop believing in Bitcoin.” Traditionally, Saylor announces an increase in the company’s Bitcoin holdings immediately following such posts. Saylor hadn’t purchased any Bitcoin last week, but the post sparked speculation among investors that MicroStrategy was preparing
Bitcoin failed to continue its rally and discover new all-time highs above $126,000, leading to a sharp correction that has unsettled the market. Investors are showing signs of fear as the recent drop invalidated the breakout momentum that many expected to extend the bull run, and the market might be on the verge of a
The cryptocurrency world was rocked by a massive market crash on Friday night following Donald Trump’s announcement of 100% tariffs on China in retaliation. Although there has been a partial recovery in Bitcoin and altcoins today, the effects of the decline still continue. However, next week is expected to be active due to developments regarding
Ripple CTO David Schwartz recently participated in an X discussion, which wasn’t based on cryptocurrencies per se, but a topic with a likely inclination: the internet. Schools of thought refer to Web3 as the next iteration of the internet, albeit decentralized, with blockchain being the key technology behind it. The discussion began when Nikita Bier,
The crypto market cratered over the weekend, with Bitcoin setting a number of firsts. The sell-off began Friday as investors reacted to macroeconomic concerns, with Bitcoin sharply plunging from a high of $122,600 to reach $107,000. The drop continued on Saturday with Bitcoin marking three straight days of declines since Oct. 6. Amid the sell-off
It’s been 36 hours since the crypto market watched almost $20 billion get wiped out in liquidations. SUI collapsed 80%, XRP lost 53% from its recent highs, and Solana’s price on Binance futures printed $141 while spot still traded at $168 — the perfect picture of how books break when cascading sales hit. American businessman
The Pentagon isn’t usually in the business of commodity speculation, but when national security is at stake, expect the old rules to bend. The Financial Times reports that the U.S. Defense Department has kicked off a $1 billion spree to stockpile critical minerals like rare earths. This includes everything from rare earths to strategic metals
US President Donald Trump shared a new message on his Truth Social account today, after threatening to raise tariffs on China to 100% on Friday. Trump tweeted, “Don’t worry about China, everything will be fine! The respected President Xi just had a bad moment. He doesn’t want his country to fall into a recession, and
A modest reversal from Friday evening’s carnage in crypto markets is underway after some calming trade war-related remarks from both Beijing and Washington. The walk-backs began late Saturday when China’s Ministry of Commerce said its rate-earth export controls are not blanket bans, and that eligible applications will continue to receive licenses. The agency further said