Bitcoin rebounded from $62,000 and climbed to $66,900, but its upward momentum weakened again. $BTC faced rejection near $66,000 and recorded lower closes for two consecutive days. It also fell to $65,500. At press time, Bitcoin traded at $65,602, following a 1.15% daily decline. Despite this weakness, Bitcoin linked to BlackRock’s exchange-traded fund returned to
Galaxy Digital has launched a planned $3.5 billion high-yield bond sale to help finance the expansion of its Helios data center campus in West Texas. According to a Bloomberg report, the digital assets and AI infrastructure company intends to use the proceeds from its first junk bond offering to finance part of the Helios Data
When will the Bitcoin bear market end? This might be the biggest question investors are asking this cycle. The tricky part is that on-chain metrics and historical trends are currently pointing in different directions. From an on-chain perspective, the end of the bear cycle could be closer than many expect. One analyst highlighted that long-term
Citigroup has significantly reduced its price target for Coinbase Global Inc. (COIN), lowering it to $235 per share from $400, according to a note published Wednesday. The 41% cut reflects growing concerns over regulatory headwinds, declining trading volumes, and a challenging macroeconomic environment for cryptocurrency exchanges. Citigroup’s Revised Outlook on Coinbase The revised price target,
Japan may approve its first spot Bitcoin exchange-traded fund as early as 2028, according to a report from Nihon Keizai Shimbun. The development follows the enactment of a landmark bill on July 15 that legally classifies cryptocurrencies as financial products, marking a significant shift in the country’s regulatory approach to digital assets. New Law Paves
The Smarter Web Company has repaid its $11.7 million Smarter Convert instrument ahead of schedule by selling 177.89 Bitcoin, removing a potential 7.7 million-share issuance while retaining a treasury of 2,700 $BTC. According to an official announcement from The Smarter Web Company, the London-listed firm settled its Smarter Convert instrument around two weeks before maturity
A total of nine companies have formed a consortium pledging a combined $15 million over three years to support Bitcoin BTC$65,171.29 security research and open-source development. Companies in the newly formed Bitcoin Security Consortium include major crypto market participants including BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets and Galaxy. The
Kakao Group announced today that it has signed a strategic memorandum of understanding (MOU) with Circle Internet Group (CRCL), the company behind the $USDC stablecoin, to explore collaboration in digital asset technology and infrastructure. The agreement marks a significant step for Kakao’s expansion into the blockchain and digital finance space. Scope of the Partnership According