After hitting a new all-time high just last Thursday, Bitcoin’s price has plummeted by over $10,000 in a week. A new analysis suggests the sharp correction stems from a key factor: a slowdown in demand across the Bitcoin market. Bitcoin Demand Slowing Down Julio Moreno, head of research at on-chain platform CryptoQuant, shared this view
In a thread on August 19, analyst Miles Deutscher argued that MicroStrategy’s market-implied net asset value (mNAV) premium—the core gear in Michael Saylor’s Bitcoin acquisition flywheel—has compressed sharply, weakening the feedback loop that helped the company outpace Bitcoin through most of the cycle. “Michael Saylor built the craziest BTC flywheel in history. But his buying
AGI Open Network, a popular decentralized AI infrastructure provider, has collaborated with Staynex, a top Travel ecosystem using AI and Web3. The partnership focuses on advancing Web3-driven travel with the integration of robust AI technology. As AGI Open Network mentioned in its exclusive X announcement, the mutual endeavor attempts to bridge cutting-edge decentralized AI agents
SBI Holdings is moving to digitize Japanese equities using blockchain to cut fees and enable faster global trading. Japan’s primary financial group, SBI Holdings, is preparing a joint venture with Singapore-based startup StarTail Group. Together, they will develop a blockchain-powered platform to digitize equities. Sources told TV Tokyo that the project could reduce trading fees
Wormhole Foundation (WF) entered the bidding competition for Stargate Finance, challenging LayerZero’s proposed $110 million acquisition. In an Aug. 20 statement via X, WF argued that LayerZero’s offer significantly undervalues the cross-chain bridge protocol. LayerZero Foundation announced its acquisition proposal on Aug. 10, offering to purchase all circulating STG tokens at $0.1675 per token through
A widely followed crypto strategist is drawing the line in the sand for Bitcoin (BTC) to trigger rallies toward new all-time highs. In a video shared with his 475,400 followers on X, pseudonymous crypto trader Credible says Bitcoin needs to stay above a crucial price area to spark wave three of a five-wave surge that
JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin BTC$114,274.21 will eventually be worth over $1 million. Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday. He even called himself a
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake
Hyperliquid has achieved the highest revenue per employee globally, at $106 million, surpassing traditional technology giants and the previous record holder, Tether Limited. The revenue-per-employee metric places Hyperliquid significantly ahead of established technology companies. Data gathered by Hyperliquid France puts Tether in second with $93 million per employee, while OnlyFans ranks third at $37.6 million.