A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial assets: Americans who buy crypto don’t simply have different demographics or risk appetites, they have radically different beliefs about digital assets’ future returns. The finding could help explain both crypto’s persistent volatility and
Bitcoin Core contributors are weighing whether a thinly used network transport offers valuable insurance or has become a liability too costly to retain. In the open CJDNS support discussion, Bitcoin Core member Andrew Chow said one seeder database held 25 CJDNS addresses, had reached 22 and classified only seven as good. The issue author, Martin
As the rise in Bitcoin price continues, lingering leveraged positions in the market have brought potential liquidation zones back into focus. According to Alphractal CEO and market analyst Joao Wedson, an examination of open positions over the past 30 days highlights levels particularly high at $61,000 and $57,000. Wedson noted that numerous positions were opened
Cross-chain interoperability provider LayerZero will withdraw off-chain support for 14 low-activity chains, including Arbitrum Nova. In its latest statement, the firm said that its DVN (decentralized verifier network) and Executors, collectively responsible for off-chain communication between different chains, will be deprecated for the 14 chains. The affected networks include Cronos zkEVM, Degen, Skale Europa, Superposition,
The launch comes from Layertwo Labs, founded and led by longtime Bitcoin developer Paul Sztorc, also known as Truthcoin. The play is not to rewrite Bitcoin itself. Instead, ECX will become a separate network that copies Bitcoin’s transaction ledger at designated snapshots and hands most bitcoin holders an equal number of coins on the new
Record Short Liquidations Reshape Bitcoin Outlook Bitcoin’s sharp recovery has raised the possibility that Geoffrey Kendrick’s $100,000 year-end forecast may prove too conservative, the Standard Chartered analyst wrote in research provided directly on Aug. 21. Kendrick is global head of digital assets research at Standard Chartered Bank. He said rising prices had forced traders to
Bets against the two largest cryptocurrencies turned into a costly exit this week. Bitcoin and Ether bears were caught in a squeeze-led rally that brought the strongest crypto market move in months, according to the original report. The rally did not come from one isolated catalyst. Treasury intervention, regulatory developments, and a historic short squeeze
Kiyosaki Calls Treasury Buybacks Money Printing Renewed concern about the dollar prompted Rich Dad Poor Dad author Robert Kiyosaki to endorse scarce assets after characterizing expanded U.S. Treasury debt buybacks as quantitative easing. In an Aug. 22 post on X, he linked the policy change with inflation risks and urged followers to favor bitcoin, gold,
Grayscale Sees Potential Bitcoin Turning Point Bitcoin’s rapid recovery may signal that its latest bear market has reached a turning point, crypto asset manager Grayscale shared in an Aug. 22 post on X. The post included a chart comparing bitcoin’s current decline with four previous market cycles. The assessment followed a roughly $10,000 weekly bitcoin
The five-day run in spot crypto ETF flows is becoming harder to dismiss as a one-off asset rotation. Spot Bitcoin ETFs pulled in $307 million in net inflows on August 21, while spot Ethereum ETFs added $185 million, according to the original report from WuBlockchain. Both product categories have now posted five consecutive sessions of