Bitcoin BTC$112,010.27 dropped under $111,000 in a sudden weekend flash crash after a whale offloaded 24,000 BTC, or more than $300 million at current prices, into thin liquidity. The whale sent the full balance to Hyperunite, with 12,000 BTC transferred Sunday alone, as CoinDesk reported earlier Monday. That move erased gains from Fed Chair Jerome
CDARI, a Web3 e-commerce entity, has officially partnered with Zoro, a well-known platform for AI tokenization on BNB Chain. The partnership aims to offer new opportunities concerning the AI tokenization to redefine the Web3 ecosystem. As CDARI mentioned in its official social media post, the collaboration is a noteworthy move to expedite the broader growth
The Philippines has introduced a proposal to establish a Strategic Bitcoin Reserve, a measure that would direct its central bank to accumulate 10,000 BTC over five years under a two-decade lockup period. The bill was introduced in the House of Representatives as House Bill 421 by Congressman Miguel Luis Villafuerte, calling for the country’s central
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s price is holding near records, but the chain itself is
The world’s number-one crypto is looking more like a mature asset class every day as Bitcoin volatility continues to drop (yes, even as it blasts past all-time highs and promptly retraces its steps). Bitcoin volatility has reached a five-year low Bitcoin has long been regarded as one of the most volatile financial assets; its turbulent
Could Brazil be the next country to adopt a bitcoin strategic reserve? Legislation is advancing through the country’s Congress that could make that an eventual reality. The Chamber of Deputies held a hearing last week exploring legislation proposed by Federal Deputy Eros Biondini. The bill would allow an allocation of up to 5% of Brazil’s
New allegations surfaced, claiming Binance is deliberately holding back Solana’s momentum to protect the BNB token, throwing the crypto market into controversy. It adds to the list of times the largest exchange on trading volume metrics has been accused of using Wintermute market maker to influence prices. Is Binance Secretly Holding Back Solana in Favor
Donald Trump, from inside the White House, has pushed a new crypto investment. This time, it’s dressed up as a “crypto treasury” firm. But just like the last two times, his base is paying the price. The setup is simple: Trump cashes out early. Everyone else eats the loss. According to The Wall Street Journal,