Much has recently been said about the burgeoning U.S. federal debt and how it’s bullish for hard assets such as bitcoin $BTC$78,432.93 and gold. The problem looks more severe once that debt is weighed against gross domestic product (GDP) and then compared against other nations’. The U.S. government is running a primary budget deficit of
Bitcoin, the pioneer cryptocurrency, is now trading around $78,320 after a modest pullback, but it is still up about 2% over the past week. While $BTC is ending August with a strong 24% gain, raising the question of whether the rally will continue into September, a month that has historically seen an average 3% decline.
Cardano founder Charles Hoskinson suggested that his longstanding network within the Bitcoin community could give Cardano an advantage in the race to build Bitcoin DeFi. Speaking recently on The Breakdown podcast, Hoskinson revealed that he was once among the world’s largest Bitcoin holders. He noted that Cardano’s early crowdsale controlled 108,000 Bitcoin. He explained that
Bitcoin is on track to wrap this August with its strongest performance for the month in nine years. The bellwether coin has managed to reverse a multi-quarter slump. Now, the cryptocurrency’s late-summer rally is drawing direct comparisons to the historic and headline-grabbing price action that precipitated the 2017 bull run. A decisive breakout According to
Ripple CTO emeritus David Schwartz engaged with a staunch supporter of BIP-110 on X, slamming the argument of an attempt to “fix the legacy chain” through the proposal. The discussion began after an X user described BLAKE2b as an “attack on BTC,” comparing the move to earlier Bitcoin Cash (BCH) and Bitcoin SV (BSV) forks.
Ant Group CEO and Alipay chairman Han Xinyi has identified stablecoin payments as one of four major models in the emerging global AI payments market, according to a report by PA News citing Caixin. The statement places digital currencies at the core of machine-to-machine payment systems, a sector expected to grow rapidly as artificial intelligence
Catapult Trade, a Solana-based platform focused on launching memecoins and offering leveraged trading, has secured approximately $6.6 million across four funding rounds, according to an announcement made on X. The funding included participation from KuCoin Ventures, Odyana Ventures, and Venture Vault VC, along with institutional and angel investors. The company plans to use the capital
Bitcoin ($BTC) heads into September still battling key resistance as markets flip hawkish on Federal Reserve policy. Key points: Markets see a 60% chance of the Fed hiking interest rates in September, with jobs data due this week. Oil has experienced renewed volatility amid fresh US strikes on Iran and an unprecedented US-Venezuela oil-supply deal.
BlackRock’s tokenized U.S. Treasury fund, BUIDL, has regained the top position in the market by assets under management, surpassing Circle’s USYC product, according to data cited by Crypto Briefing. BUIDL’s AUM reached approximately $2.8 billion, widening its lead over competitors in the rapidly expanding tokenized Treasury sector. Market Growth and Competitive Landscape The overall tokenized
Metaplanet, a Japan-based Bitcoin-focused company, has made headlines in the cryptocurrency market with a recent Bitcoin transfer. According to data from the on-chain analytics platform Lookonchain dated August 31st, the company sent a total of 2,400 Bitcoin to Coinbase Prime within the last three hours. The total value of the transferred Bitcoins at the time