Bitcoin mining company CleanSpark secured its second $100 million credit line this week without issuing new shares, highlighting the growing role of digital assets as collateral in mainstream finance. The latest facility, disclosed Thursday, was arranged with Two Prime, an institutional Bitcoin (BTC) yield platform, and is backed entirely by CleanSpark’s Bitcoin treasury. With this
Anchorage Digital Bank is ramping up hiring as it prepares to more than double its stablecoin unit. The federally chartered crypto-native bank plans to expand its current 20-person stablecoin team over the next 12 months as demand for crypto dollars explodes in the U.S., and as new federal legislation clears the way for larger stablecoin
Global Macro Investor CEO and founder Raoul Pal has explained why Bitcoin is not yet off to the races, as seen during this time in previous cycles. In his podcast yesterday, Pal claimed that it is because this cycle is different. The market strategist claimed that Bitcoin is in a “business cycle,” which he believes
A Senior Commodity Strategist at Bloomberg has identified what may be contributing to the ongoing Bitcoin downtrend. For context, Bitcoin slipped into bearish territory after reaching the September peak near $118,000 shortly after the Federal Reserve cut interest rates by 25 basis points. The leading crypto asset has lost more than 5% since then and
Bitcoin Price Dips Below $111,000 Bitcoin ($BTC) has fallen under the $111,000 mark, sparking renewed concerns across the crypto market. The latest drop represents a decisive test of Bitcoin’s resilience as traders eye critical support zones for clues about the next move. BTC is trading at $110,983, slipping under short-term moving averages, with the 50-day
We are less than seven days away from the end of the third quarter, and Bitcoin (BTC) is still struggling to recuperate following a wave of sell-offs earlier this week. Currently trading at around $111,600, the world’s largest crypto is down more than 5% on the weekly chart, having lost over $120 billion in market
Michael Saylor has just turned a meme into a business statement. The Strategy CEO posted an AI-generated video of himself blasting off with a jetpack and landing on the moon, with the caption perfectly characterizing this entire action. In the world of crypto, “to the moon” has always been a way of saying that prices
Real-world asset specialist Centrifuge has launched what it calls the first licensed S&P 500 index fund on blockchain rails, opening one of the world’s most recognized equity benchmarks to on-chain investors. The Janus Henderson Anemoy S&P 500 Fund, dubbed SPXA, went live on Thursday on Base, an Ethereum layer-2 network developed by crypto exchange Coinbase.
Publicly traded stablecoin issuer Circle is exploring the possibility of reversible transactions involving its dollar-backed stablecoin, USDC, according to a report from the Financial Times. The firm’s considerations would stray from the concept of immutablity—one of blockchain’s foundational premises that does not allow for finalized transactions to be modified—but potentially catalyze the intertwinement of stablecoins