Brian Armstrong Reaffirms Bullish Bitcoin Outlook and Long-Term Position Coinbase Global Inc. (Nasdaq: COIN) CEO Brian Armstrong reaffirmed his bitcoin stance in an X post, writing that he remains long the crypto asset and continues to hold a bullish view. His comments accompanied a video he shared discussing bitcoin’s role, market cycles, and his expectation
The Bitcoin [$BTC] recovery in March and April restored some positive sentiment in the market, but the retracement below $60k in early June dented this optimism once again. The $60k-$70k was a key demand zone, both from a technical standpoint and based on on-chain metrics’ findings. AMBCrypto reported that 20% of the $BTC circulating supply
Morgan Stanley has updated its proposed Ethereum and Solana exchange-traded funds with a staking structure that would allow 95% of staking rewards to remain within the trusts while charging a 0.14% annual sponsor fee. According to amended S-1 registration statements filed by Morgan Stanley, both the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust
Custodia and Vantage Bank have proposed a token that automatically switches between a bank deposit and a stablecoin as it moves between participating banks and external users. According to a white paper shared with Cointelegraph on Thursday, the token would operate as a deposit issued by a participating bank when held within a banking consortium
Crypto News Zimbabwe has formalized oversight of its digital-asset sector, requiring virtual asset service providers to register with the Financial Intelligence Unit housed within the central bank and pay a $500 annual fee. Finance Minister Mthuli Ncube announced that firms handling the buying, selling, swapping, transfer, or custody of crypto must re-register each year, and
Strategy’s STRC preferred stock has fallen as much as 17% below its $100 par value, prompting Arca Chief Investment Officer Jeff Dorman to argue that selling billions of dollars worth of Bitcoin may be the company’s best path to easing pressure on its capital structure. According to a June 18 X post by Dorman, the
Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made striking statements on a number of critical issues, ranging from Bitcoin cycles and global regulations to the threats of artificial intelligence (AI) and the future of quantum computing, during his appearance on the Galaxy Brains podcast. Evaluating the current state of the
Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000 in the prior week. The
Bitcoin price slipped below key support near $64,000 after a hawkish shift from the Federal Reserve erased gains tied to easing geopolitical tensions, placing the market at risk of a deeper pullback toward the $60,000 range. The bitcoin price fell from a June 17 high of $66,315 to an intraday low near $62,000 during early
Bitcoin is at a pivotal moment. Analyst Gareth Soloway has identified $63,500 as the single most important level in the near term. Bitcoin rallied from its double bottom to $67,200 before pulling back to current levels. That pullback is normal and healthy. But the level being tested right now is exactly where the original breakout