This is a segment from the Supply Shock newsletter. To read full editions, subscribe. When it comes to Bitcoin mantras, “not your keys, not your coins” is as pure as it gets. But there are levels to it. Sure, you might be self-custodying, but you might still be required to trust a wallet explorer, for
Artificial intelligence giant OpenAI has received a new investment of $8.3 billion, thanks to its rapidly growing business volume. Following the development, volatility increased in the price of CEO Sam Altman-linked altcoin World (WLD). The funding round, part of the company’s total $40 billion investment round, closed earlier than expected and was five times oversubscribed,
The world’s flagship cryptocurrency, Bitcoin, is currently trading at $150,160, having partially recovered from its recent losses. Since Tuesday, BTC was down 3.3%, but by now, it has increased by 0.5%, reaching the aforementioned price level. On July 25, Bitcoin changed hands near the $120,000 level. Since then, BTC is down approximately 4%. Bitcoin’s 200
Amid ongoing market fluctuations, Bitcoin (BTC) has shed 2% of its gains in the last 24 hours. The current volatility likely prompted Matt Hougan, Bitwise’s Chief Investment Officer (CIO), to drop a bold opinion on what truly matters with the flagship cryptocurrency asset. Bitwise CIO on Bitcoin market cycles In a post on X, Hougan
During a Friday appearance on CNBC’s “Squawk Box,” former MicroStrategy CEO Michael Saylor stressed that Strategy (formerly MicroStrategy) would not want to own all of Bitcoin. “We want everybody else to have their piece,” Saylor added. At the same time, he opined that owning 3-7% of the entire Bitcoin supply would not be considered to
The Fed’s decision to hold its benchmark interest rate steady for a fifth consecutive year was opposed by Board members Christopher Waller and Michelle Bowman. The two members argued that the interest rate should be cut by 25 basis points, highlighting the weakening labor market. In statements released today, Waller and Bowman stated that the
Benchmark analyst Mark Palmer reiterated his buy rating for Bitcoin giant Strategy, raising the firm’s price target for MSTR to $705, an 85% increase from its current share price. The new target hinges on a projection that Bitcoin will reach $225,000 by the end of 2026. After reporting $10 billion in net income in Q2—almost
The price of Bitcoin and other cryptocurrencies wavered on Friday as investors weighed the White House’s latest round of tariffs against fresh signs of a weakening U.S. labor market. Bitcoin was recently changing hands around $115,500, a 2.1% decrease over the past day, according to crypto data provider CoinGecko. Ethereum fell 3.8% to $3,630, while
US nonfarm payrolls rose by only 73,000 in July, the weakest increase since October 2023. The unemployment rate rose to 4.2 percent. Employment growth in the last three months has been limited to an average of only 35,000 jobs. The labor force participation rate also declined for the second consecutive month. Employment data based on