A group of major Swiss banks is stepping into the future of digital money. UBS works together with other major banks to test a Swiss franc stablecoin in a live sandbox environment. The project brings together PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank and Banque Cantonale Vaudoise. 🚨LATEST: UBS JOINS FIVE SWISS BANKS TO TEST SWISS FRANC
Bitcoin continues to show resilience as long term investors tighten their grip on supply. Recent data reveals a sharp rise in holdings among committed participants. This trend highlights growing confidence despite ongoing market uncertainty. The latest figures show that Bitcoin long term holders now control 4.37 million $BTC. This milestone reflects sustained conviction among investors
Alchemy, a cryptocurrency infrastructure provider used by many blockchains and firms in the space, has released a new tool, AgentPay , that lets different AI payment systems, from companies like Coinbase, Stripe, Visa, Mastercard, and Circle, work together. The new tool addresses the problem that agentic payment systems currently coming online aren’t “interoperable”, or in
A crypto whale walked away with a huge profit early Wednesday after U.S.-Iran ceasefire news sent oil prices crashing. The trader “Loracle” had shorted $5 million in crude oil perpetual futures on Hyperliquid last week. As oil prices cratered over 15% below $100 per barrel early Wednesday, Loracle squared off the bearish bet, pocketing $2
The US-Iran conflict, which has lasted for over a month, has finally reached a temporary conclusion. Accordingly, the US and Iran announced a two-week ceasefire agreement during the night. This two-week agreement brought Brent crude down from $110 to $94, while other assets rose. As profitability increased, gold, silver, and Bitcoin all rose together, with
Three newly created wallets profited a combined $484,575 on Polymarket betting that the US and Iran would agree to a ceasefire by Tuesday, in the latest event to raise suspicion of insider trading. The wallets were created and funded on Tuesday and had no prior activity before betting on Polymarket’s “US x Iran ceasefire by
Bloomberg senior commodities strategist Mike McGlone shared a noteworthy assessment of Bitcoin and the cryptocurrency market in general. McGlone stated that current macroeconomic conditions are putting pressure on risky assets, and that the scenario in which the Bitcoin price could fall to the $10,000 level in the long term is becoming increasingly discussed. “Bitcoin Will
More than two years after the first 11 spot bitcoin ETFs began trading in the U.S., a 12th, issued by a top-10 Wall Street bank with $1.9 trillion in assets under management, could debut Wednesday. The Morgan Stanley Bitcoin Trust could start trading NYSE Arca under the ticker MSBT, Bloomberg’s ETF Analyst Eric Balchunas said
Two giants of the financial world, Galaxy Digital CEO Michael Novogratz and SkyBridge Capital founder Anthony Scaramucci, discussed the future of Bitcoin (BTC) amidst global economic uncertainties in their recent broadcast. Despite the general pessimism in the markets, both speakers emphasized Bitcoin’s resilience and long-term potential. “If Bitcoin’s Business Model Were Over, Its Price Would
Bitcoin’s price has lately struggled to generate sufficient demand to push itself higher. Especially since bearish sentiment has continued to dominate. However, shifting dynamics among short-term holders may be emerging. These could influence Bitcoin’s [$BTC] trajectory, particularly if a near-term bullish scenario unfolds. Bitcoin to $64,000 may trigger bulls Data from CryptoQuant highlighted the cost