Although BNB Chain is known for its strong on-chain activity, Binance founder Changpeng Zhao has just confirmed the extent at which users are engaging with the network on a daily basis. In a recent X post Dec. 13, Binance’s CZ revealed that the network is now seeing about 2.4 million daily users. This suggests that
Strategy, known for its Bitcoin (BTC) focused balance sheet strategy, has maintained its position in the Nasdaq 100 index despite increasing controversy surrounding its business model. In yesterday’s index update, the company remained in the technology-heavy Nasdaq 100, maintaining its nearly year-long membership in the index. Some analysts in market circles argue that Strategy’s pioneering
Bitcoin (BTC) continues to trade within the recent consolidation phase, hovering around $90,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets. BTC price action approaches a key descending trendline that could determine its next directional move. Meanwhile, institutional flows
Key Takeaways Tether has made an all-cash bid to acquire a full stake in Juventus Football Club, but the Agnelli family has stated they do not intend to sell. Tether is offering significant investment and has become a major shareholder, leveraging its position as the issuer of the USDT stablecoin. Tether’s bid for full control
Key Takeaways Brazil’s largest private bank advises allocating 1% to 3% of investment portfolios to Bitcoin for diversification. Bitcoin offers protection against currency devaluation and low correlation with traditional assets. Itaú Unibanco, Brazil’s largest private bank, has recommended that investors allocate 1%-3% of their investment portfolio to Bitcoin to enhance diversification and protect themselves against
Bitcoin has broken from its long-standing correlation with equities, marking its first full-year divergence from stocks in over a decade. The shift highlights a growing disconnect between crypto and traditional markets, raising questions about Bitcoin’s role in the current cycle. A Historic Market Decoupling Bitcoin and stocks have historically moved in tandem. However, that relationship
The tokenization of stocks won’t immediately be of immense benefit to the crypto market, but the benefits could increase if such assets are allowed to better integrate on blockchains, says NYDIG. “The benefits to networks these assets reside on, such as Ethereum, are light at first, but increase as their access and interoperability and composability
Fears of a bubble that may soon burst seem to have transcended ecosystems, pouring cold water on what might have otherwise been a year-end rally. The AI Bubble’s Wider Fallout: Stocks Join Bitcoin in Decline Nowadays, when the stock market sneezes, bitcoin catches a cold. That idiom partly explains the puzzling price action BTC has