The financial world is buzzing with news that the California State Teachers’ Retirement System (CalSTRS), the third-largest U.S. pension fund, has gained significant CalSTRS Bitcoin exposure. This monumental move involves a $133 million investment through MicroStrategy (MSTR), signaling a pivotal moment for institutional adoption of digital assets. This development, first highlighted by The Bitcoin Historian
Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode. “From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday. Bitcoin shows signs of cool
Wealthy families and investment offices across Asia are stepping up their involvement in cryptocurrencies, encouraged by strong market performance, wider adoption, and supportive regulatory moves in major financial centers. Wealth advisers say they are fielding more calls, trading platforms report heavier activity, and specialist funds are drawing steady inflows as wealthy investors look to add
Popular American entrepreneur and founder of Professional Capital Management, Anthony Pompliano, emphasizes Bitcoin’s dominance in the crypto market, stating that BTC will continue to remain the king. Pompliano made the bold assertion today during his appearance on CNBC’s Squawk Box, while pushing back on the old ‘blockchain, not Bitcoin’ narrative, which was popular during the
Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s
The Smarter Web Company, a London-listed web design and marketing firm, has tapped Bitcoin analyst Jesse Myers to steer its Bitcoin strategy and investor messaging as it formalizes a cash-and-Bitcoin treasury policy. “I firmly believe that there will be a dominant Bitcoin treasury company in each capital market in the world,” Myers said in a
Stablecoins, digital tokens tied to predominantly fiat currencies like the U.S. dollar, will balloon to a $1.2 trillion market by 2028 and even have an impact on U.S. debt markets, Coinbase analysts projected in a Thursday report. The forecast, published by the exchange’s research arm led by David Duong, is based on a stochastic model
The Fed, which has been on hold since January 2025, is expected to cut interest rates in September. While the September rate cut was initially priced in at nearly 100%, it is now priced in at 81%. At this point, while waiting for the economic data to arrive before the September meeting, FED members made
The corporate use of cryptocurrencies is evolving beyond payments, with a number of businesses adopting bitcoin BTC$112,951.37 and other digital assets as core treasury reserves. A report Thursday from rating company Morningstar DBRS cautions that this strategy could heighten credit risk profiles. According to BitcoinTreasuries.net, roughly 3.68 million BTC (worth about $428 billion as of