Last Friday’s US July Employment Situation release has delivered the kind of statistical jolt that rarely shows up outside crises, forcing traders to re-evaluate both the macro outlook and Bitcoin’s near-term path. Payrolls grew by just 73,000, but the shock lay in the record-large negative revisions: May and June were marked down by a combined
On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The
Another long-slumbering Bitcoin whale has awakened, moving 3,000 BTC worth over $349 million after 10 years of “HODLing.” Blockchain data on Thursday showed that the whale moved 100 BTC from 30 addresses to a long-list of new, modern Bitcoin addresses. It wasn’t clear who moved the crypto, which had been sitting at the addresses since
Cryptocurrency analysis firm CryptoQuant reported that Bitcoin has entered a short-term consolidation or mild downside risk phase, with a pause in the market’s upward momentum. According to the company’s report, the market entered a “bullish break” after Bitcoin reached an all-time high of $123,000 in June. CryptoQuant noted that its Bull Score Index, which it
Investment and financial services firm Fundamental Global Inc. has filed a $5 billion shelf offering with the U.S. Securities and Exchange Commission (SEC). The company announced that it plans to use a portion of the proceeds to purchase Ethereum (ETH). A shelf offering is a method that allows a company to gradually issue stocks, bonds,
Having tumbled to below $112,000 at one point a few days ago, bitcoin BTC$117,389.22 has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news about President Trump’s intention to sign an executive
The White House announced that President Donald Trump is preparing to nominate a new member of the Federal Reserve’s board of governors. According to Bloomberg, Trump is considering Stephen Miran, known for his pro-cryptocurrency views, for the critical position. Trump previously appointed Miran to chair the Council of Economic Advisers, a key institution that directly
U.S. President Donald J. Trump has signed a new Executive Order to expand access to alternative assets for 401(k) retirement plan investors. With this move, Trump took a significant step towards fulfilling his promise to make the United States the “crypto capital of the world,” according to a document published by the White House. The
Xenea has announced a strategic partnership with Partisia Blockchain to integrate Multi-Party Computation (MPC) into its expanding Layer 1 ecosystem. The partnership helps resolve the most stressful issue in Web3: the requirement to store information over time while ensuring confidentiality. Digital assets today face a fundamental infrastructure problem: you can’t have both persistent storage and