This is a segment from The Breakdown newsletter. To read more editions, subscribe “Civilization advances by extending the number of important operations which we can perform without thinking of them.” — Alfred North Whitehead Investors love the pricing power of “last mile” businesses. Comcast charges $75 a month for internet access because it buried the
REI Network, an EVM-compatible decentralized blockchain, has partnered with Orochi Network, a Verifiable Data Layer for real-world assets (RWAs). The partnership aims to integrate advanced technologies to improve data efficiency, privacy, and integrity for users and developers. In line with REI Network’s official social media announcement, the partnership intends to transform decentralized applications (dApps). Keeping
Key bitcoin BTC$113,770.75 indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest. As of writing,
Fed Chair Jerome Powell is expected to hold his own against making a clear commitment to cut interest rates in September during his speech at the Jackson Hole meeting on Friday. While markets are strongly pricing in a rate cut, Powell may avoid giving definitive signals, highlighting the uncertainty surrounding the process. Research firm LHMeyer
Bitcoin BTC$114,022.47 hovered above $113,600 on Thursday after a slight rebound, with traders watching Powell’s address for clues on whether the central bank is ready to endorse rate cuts in September. Solana’s SOL (SOL) and dogecoin DOGE$0.2236 led gains among majors with a 4% bump. Gains across XRP XRP$2.9261 , BNB Chain’s BNB (BNB), ether
Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in
Bitcoin traders are entering a high-stakes standoff ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole symposium on Friday. With conflicting macroeconomic signals and mixed investor sentiment, the directional bias remains unclear for U.S. equities and crypto. The July CPI report, delivered earlier this month, provided a bullish signal with
Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier. However, analysts have been quick to warn that more volatility lies ahead. Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday,
Windtree Therapeutics, a biotech company that established a BNB treasury strategy last month, fell 77% on Wednesday after the Nasdaq informed the firm it would be delisted from the stock exchange for failing to meet compliance requirements. The noncompliance concerned Nasdaq Listing Rule 5550(a)(2) that requires a company’s stock to maintain a minimum bid price