Bitcoin price dropped by 3% to $77K following Fed Chair Kevin Warsh’s hawkish speech during the Jackson Hole event. In his speech, Warsh signalled that the Fed was far from done with fighting inflation, despite recent macro readings. We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed.
A research paper published this week quantifies what happens when bank deposits move at blockchain speed. The number is large enough to reshape how banks fund the economy, and the crypto industry is building the pipes without acknowledging the consequences. The crypto industry has spent two years building infrastructure to put bank deposits on chain.
India’s banking sector is reportedly entering a new phase after years of high bad loans. Bad loans have fallen sharply, with public-sector banks bringing their net NPA ratio down to a record low of 0.4%. This points to healthier balance sheets and a significant recovery from the bad-loan crisis. Thus, Indian banks are now getting
Bitcoin traded near $77,500 on Aug. 29 after US spot Bitcoin ETFs snapped a nine-session inflow streak, while weakening capital flows and short-term technical signals kept the $76,500–$77,000 support zone in focus. Bitcoin price holds above $77,000 support According to data from crypto.news, Bitcoin ($BTC) was trading around $77,500 at the time of writing, down
US spot Ethereum ETFs appeared to begin trading with $10.36 billion already inside them, an opening balance large enough to resemble an institutional buying wave before the first full session ended. However, almost all of that amount came from $ETH that Grayscale’s older trusts already held, so the launch moved an existing pool into exchange-traded
Crypto and blockchain companies disclosed $184.1 million across eight funding rounds between Aug. 22 and Aug. 28, led by RQD* Clearing’s $74 million growth investment. Stablecoin neobank Fasset followed with a $68 million Series C that valued the company at $1 billion. Hivemind Digital Group and Entropy completed the next-largest raises, while five of the
The United States has secured majority control of more than 65 billion barrels of Venezuela’s oil reserves, which could reshape global energy markets, but does it actually matter for bitcoin and crypto? President Trump announced on Friday that the US had secured majority control through an agreement involving Washington, Venezuela, and private businesses. He called
In general, Brian Armstrong, CEO of Coinbase, and Changpeng Zhao (CZ), former CEO of Binance, are usually vague in their predictions. Both are long-term bullish, and their statements about the market often seem to simply follow the price action. However, on some occasions, both can be more specific, but mostly when it comes to long-term
Sentiment around Bitcoin [$BTC] remained largely positive as the cryptocurrency repeatedly tested $80,000. However, Bitcoin still faced key levels before confirming a decisive bullish move. Investor reactions to recent gains could now determine whether the rally extends or loses momentum. Will profitable holders support Bitcoin? Bitcoin’s Supply in Profit reached 14 million $BTC at press
Bitcoin price is consolidating after its latest breakout, but the underlying market structure is showing a more important signal: larger holders are accumulating while smaller wallets are distributing into strength. $BTC recently climbed from $62,229 on August 1 to $81,500, before retreating toward $77,570. Now, the $73,880 MVRV pricing band has emerged as the key