Stacks founder Muneeb Ali said he plans to assign intellectual property to the Stacks Endowment and explain how Bitcoin bonds drive value to $STX, outlining priorities for his first 30 days as Stacks Labs CEO. “We’ll assign all IP to the endowment, which has no shareholders,” Ali wrote in an Oct. 6 post, saying the
Bitcoin fell below $84,000 Tuesday night after losing about $1,767, or 2.1%, in roughly 20 minutes on Coinbase. The exchange’s BTC-USD candles recorded a low of $83,551 in the minute beginning at 10:06 p.m. ET on Oct. 6, compared with an opening trade of $85,317.95 at 9:46 p.m. CoinGecko’s composite price stood at about $84,054
Bitcoin’s whale position has recently transitioned from an extended period of deposits at exchanges to withdrawals from exchanges. The trend shifted around the end of August, after nearly three months of overall deposits. This trend lasted about twice as long as any other period of deposits since 2023. Since then, the 30-day moving average has
Strategy estimated a $4.1 billion income-tax benefit after Bitcoin’s fair value rose above cost as of Sept. 30, according to its Oct. 5 filing. The benefit comes from a lower estimated tax expense through an accounting adjustment. The filing shows what can change when Bitcoin crosses a large holder’s cost basis. The next consequence depends
Grayscale has announced the addition of Anchorage as a secondary custodian for seven of its exchange-traded products (ETPs), as highlighted by CryptoTwitter commentator @JSeyff. This development is particularly relevant as it underscores the growing institutional interest in cryptocurrency assets. With Anchorage’s involvement, Grayscale aims to bolster its custodianship capabilities, which may positively influence investor confidence
Michael Saylor recently asserted that Bitcoin’s supply cap remains unchanged despite market fluctuations. In a tweet to Luke Gromen, Saylor argued that a declining compound annual growth rate (CAGR) indicates a maturing asset, not fiat control influences. This statement, which has garnered significant attention, highlights ongoing conversations about Bitcoin’s adoption and scarcity in the digital
Bitcoin treasury companies can give investors greater exposure to the cryptocurrency’s gains, but the amplification works in both directions, according to The Smarter Web Company CEO Andrew Webley. In a recent interview with $BTC advocate Stephen Livera, Webley also warned that unlike Bitcoin itself, these companies depend on management teams whose capital allocation decisions can
The US services prices gauge reached a four-year high in September even as growth slowed, a combination that could keep leveraged Bitcoin positions exposed to restrictive financing conditions. The October 5 survey pairs softer activity with more widespread reports of rising input costs. The Institute for Supply Management’s services report, issued on its October 5
BitGo has released its latest Digital Asset Report, shedding light on Bitcoin’s performance as it trades near $86,000. Notably, the report discusses the impact of rising 10-year Treasury yields, now at their highest since 2002. Additionally, regulatory advancements by the SEC and CFTC are poised to shape the trading landscape, making this report essential for
Mysten Labs and Google Cloud are collaborating to launch the Verifiable Agent Arbiter (VAA), a new tool aimed at verifying AI spending authority. This development is significant as it connects the actions of AI agents with their authorized permissions, ensuring companies can prove compliance. The tool will leverage SuiNetwork, enhancing its utility in the AI