American financial services company Compass Point, which is primarily known for specializing in equity research, has downgraded USDC issuer Circle to a Sell rating. This comes after the GENIUS Act, the groundbreaking stablecoin legislation that provides much-needed clarity for the sector, was recently signed into law in the US. Compass Point expects the Circle (CLRC)
Bitcoin’s strong July rally may be giving bulls a reason to smile, but the next page on the calendar brings a very different tone. From a statistical perspective, August is Bitcoin’s worst-performing month, and price history suggests that trouble may be on the horizon. Of all the months, August has the lowest median return, at
Michael Saylor just revealed the latest numbers behind Strategy’s Bitcoin strategy — and they are bigger than ever. So far this year, the company has gained 93,191 BTC, which is about $11.1 billion at today’s prices. That includes 5,668 BTC added in the first three weeks of July alone, valued at roughly $676 million. There
Fed Chair Jerome Powell sidestepped questions on monetary policy at a conference focused on banking regulation, offering no hints on the central bank’s next moves. Speaking at the Fed’s banking regulation conference today, Powell welcomed feedback on improving capital rules but remained tight-lipped on the central bank’s future policy direction.
Global crypto tax reporting still has major cracks — and tokenized stocks may be the catalyst that forces the system to catch up. In recent weeks, platforms like Robinhood and Gemini have started offering tokenized stocks to users in the European Union. These blockchain-based derivatives mimic the price of real equities like Apple and Tesla
US President Donald Trump harshly criticized the high interest rates and said that Fed Chairman Jerome Powell will soon leave his post. The White House reportedly plans to visit the Fed headquarters on Thursday local time. Trump stated that current interest rates are putting homebuyers in a difficult situation, saying, “Powell is keeping interest rates
Venture capital heavyweight a16z Crypto led a $15 million seed-round investment into Poseidon, a decentralized artificial intelligence (AI) data layer. Poseidon is built to provide access to training data for robotics and AI models that is “traceable, enforceable and monetizable,” according to an emailed announcement on Tuesday. The project was incubated by intellectual property (IP)-based
Cryptocurrency analyst and trader Ali Martinez, known on the X social media platform as @ali_charts, believes that the world’s flagship cryptocurrency, Bitcoin, has odds of soaring much higher than the recent all-time high very soon. The analyst has published an X post with a Bitcoin chart attached, showing how BTC can soar as high as
After several days of straight inflows, the funds logged hundreds of millions in outflows, putting the first crack in their record run of fresh capital. Spot Bitcoin ETFs just ended their multi-day inflow streak, logging about $131 million in net outflows on July 21, according to SoSoValue data. This marks the first red day for
Key Takeaways The Bank of England is reconsidering the need for a digital pound as private sector payment innovations advance. Global enthusiasm for retail central bank digital currencies is waning due to privacy concerns and industry alternatives. The Bank of England (BoE) is reassessing its plans for a digital pound, as officials question whether launching