Key Takeaways Bitcoin’s brief dip to $120K triggered over $120 million in liquidations, led by Bitcoin, Ethereum, and Solana positions. Analysts describe the pullback as a healthy correction before potential continuation of the uptrend. Bitcoin pulled back to the $120,000 level today, triggering over $120 million in liquidations across major crypto assets within the past
Grayscale is exposing a problem of staking large reserves of ETH – the waiting time to stake the tokens is growing fast. Grayscale is trying to open its ETP to staking, preparing to deposit up to 300,000 tokens. Grayscale is performing a stress test on whether Ethereum ETF can also add staking. The investment company
A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months. In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin
Retail Bitcoin traders made themselves heard today, causing $700 million in crypto liquidations. The price of BTC fell by around $4,000 as on-chain activity spiked, even though institutions kept buying. Whether or not BTC keeps dropping or recovers soon, we need to pay attention to these dynamics. Corporate liquidity is very influential in the market,
Fed Board Member Michael Barr has taken a cautious stance regarding inflation and the monetary policy outlook in his recent statements. Barr noted that consumer spending has remained strong since the September meeting, while core personal consumption expenditures (PCE) inflation continues to rise. “The September rate cut was an appropriate decision, but the current policy
In a YouTube video released Wednesday, U.S. Sen. Bernie Sanders (I-VT) warned that artificial intelligence could erase nearly 100 million American jobs within the next decade, calling it an “issue of enormous consequence” that would deepen inequality unless lawmakers acted. His critique was based on a Senate report released on Monday by the Health, Education,
Bitcoin could be exposed to quantum computing threats as experts warn the network must prepare for a post-quantum future. Summary Charles Edwards warns Bitcoin’s core cryptography may not survive the rise of quantum computing and urges the community to build defenses before 2026. Deloitte reports that 4.5 million Bitcoin worth around $550 billion remain stored
This is a segment from The Drop newsletter. To read full editions, subscribe. Could “Gaming Capital Markets” spur interest in crypto gaming? Zynga co-founder Justin Waldron is behind the upcoming launch of the Open Game Protocol, a chain-agnostic app layer that aims to reward players of any game in any token — and reward developers
Precious metals are soaring in response to the US dollar debasement, with gold hitting $4,000 per ounce and silver reaching a 45-year high of over $50 per ounce. Still, the precious metal rally may be running out of steam, paving the way for investor rotation into alternative store-of-value assets like Bitcoin (BTC) and tokenized real-world
Interest in digital assets among institutional investors is rapidly growing, according to newly released State Street research. The study found that the share of digital assets like Bitcoin in institutional portfolios is expected to rise from an average of 7% to 16% over the next three years. The study noted that tokenization and blockchain technologies