Both crypto and stock markets were down on Tuesday afternoon and the only metric rising was bitcoin’s correlation with the S&P 500. Gloomy Sentiment Sends Bitcoin and Stocks Down Together Bitcoin ( BTC) fell below $113K on Tuesday and stock markets were no better, plunging into the red across the board and hinting at a
Crypto venture funding declined 59% quarter-over-quarter to $1.976 billion in the second quarter across 378 deals. According to a Galaxy report, last quarter was the second-smallest investment quarter since the fourth quarter of 2020. Later-stage deals captured 52% of total capital invested, representing only the second time since the first quarter of 2021 that mature
Cryptocurrency analysis firm MakroVision published its latest technical assessment of Bitcoin, stating that the price is continuing its correction. According to the company’s updated chart analysis, BTC is currently trading just below $113,000. The analysis indicated that the price was struggling to hold onto the 0.382 Fibonacci level ($114,200) and the red trend channel in
Bitcoin BTC$112,859.03 aside, the best investment in crypto is its “picks and shovels,” according to the CEO of $1.6 trillion asset manager Franklin Templeton. Jenny Johnson, the third-generation leader of the manager, spoke at the SALT conference in Jackson Hole, Wyoming on Tuesday, doubling down on what in her opinion will be the biggest use
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The decentralized wireless company Helium is planning to funnel 100% of Helium mobile subscriber revenues to HNT token burns, co-founder and CEO Amir Haleem tweeted yesterday. It’s not clear if Helium plans to buy HNT on the open market or simply burn
Cryptocurrency analysis firm Alphractal has published a compelling analysis of the Bitcoin market. The analysis suggests that Short-Term Investors (STIs) have recently begun accumulating Bitcoin non-strategically and at relatively high levels. According to the company’s data, the Realized Price for short-term investors has now exceeded $107,000. This group of investors, who have been accumulating Bitcoin
Ripple executives used a policy-related blog post on Monday to argue that digital asset custody has become the foundation for institutional adoption of stablecoins, tokenized assets and cross-border settlement. Rahul Advani, Ripple’s global co-head of policy, and Caren Tso, its Asia-Pacific policy manager, said in the post that custody is now a critical entry point
US investment adviser Two Prime has partnered with staking infrastructure provider Figment to offer institutional clients access to cryptocurrency yield opportunities — highlighting the growing institutional shift toward blockchain-based yield strategies. Through the partnership, Two Prime’s institutional clients will gain access to yield strategies for Bitcoin (BTC) and more than 40 other digital asset protocols,
Matt Odell, Bitcoin entrepreneur, podcaster and venture capitalist, sat down with Bitcoin Magazine for an exclusive interview to discuss the future of the industry and the insights behind his success. Famous for having deleted his Twitter account with over 250,000 followers to move full-time to Nostr, the open source Bitcoin-powered social media protocol, Odell has