This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. No one is really arguing whether the Federal Reserve will cut rates next week. The conversation has become: by how much? And how will that impact crypto markets? It’s perfect timing for such a question, as more data dropped today. The
Cryptocurrency analysis company Santiment, in its latest report on Bitcoin, highlighted the decisive role of whale movements in the market. According to Santiment, wallets holding between 10 and 10,000 BTC have accumulated over 202,000 BTC in total over the past six months. The report argues that this growth in these wallets is strongly correlated with
Prominent Canadian investor Kevin O’Leary claims that he has overhauled his cryptocurrency investment strategy. The longtime “Shark Tank” host now claims that he is exclusively sticking with Bitcoin (BTC) and Ethereum (ETH). He is convinced that there is no need to own any other tokens, including meme cryptocurrency. “You don’t need to own any of
Banks should learn to manage the risks and thus make crypto services more accessible, the head of Armenia’s monetary authority has suggested. Speaking in the country’s parliament, the executive urged the adoption of a pragmatic approach to regulation in order to ensure innovation goes hand-in-hand with financial security. Governor calls for pragmatism regarding cryptocurrency Crypto
USDC circulation hits $72B, doubling from last year, boosting trust in stablecoins. Reserve income rises with increased blockchain activity, fueling revenue growth. Circle seen as building essential infrastructure beyond crypto speculation. Circle stock (CRCL:NYSE) soared 14% on Thursday, sending a clear signal that investors are warming up to the company’s evolving role in the financial
Michael Saylor’s flagship preferred share, Strike (STRK), was conspicuously absent from his company’s listing announcement this morning. The company instead announced that investors may now purchase calls and puts on Strife (STRF), Stretch (STRC), and Stride (STRD), as well as the earlier options chain for Strategy common stock (MSTR). No options chain exists for STRK
Chipper Cash, one of Africa’s leading fintech companies, announced today that more than 50% of all Bitcoin transactions on its platform now run over the Lightning Network, marking one of the most significant real-world deployments of Lightning to date. The company, which serves millions of consumers and businesses across Africa, has been using Lightning through
Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem is auctioning off items connected to his guilty plea over charges involving the darknet marketplace Silk Road. In a Thursday notice, a spokesperson for Shrem said he would be opening up 12 items related to his time in prison and early Bitcoin (BTC) paraphernalia on the
August CPI did little to get crypto moving, leaving big players like Bitcoin stuck in neutral. With the Fed’s next call on rates just around the corner, the market’s collective shrug feels less like uncertainty and more like a deliberate holding pattern. Summary Crypto markets showed little reaction after August CPI rose 2.9%, leaving Bitcoin
U.S. stocks climbed on Thursday, with the Dow Jones Industrial Average up more than 170 points, while Treasury yields declined after the latest consumer inflation data. Summary Dow Jones Industrial Average gained 170 points and S&P 500 added 0.3%. Wall Street remained bullish despite consumer price index data coming in hotter-than-expected on Thursday. Overall expectation