After reaching a new all-time high of over $126,000 earlier this week, Bitcoin’s (BTC) price has slipped slightly, raising questions about the sustainability of its recent rally. Despite the slowdown in upward momentum, holder activity suggests the broader bullish phase remains intact. Yet, rising leverage hints at possible short-term turbulence. ETF Flows and Accumulation Power
The United Kingdom is stepping deeper into the blockchain era, as the government prepares to appoint a “digital markets champion” to spearhead its efforts in tokenizing wholesale financial markets, Bloomberg reported. This move reflects the UK’s growing ambition to modernize its financial infrastructure and keep pace with the global race toward digital finance and blockchain-driven
Luxembourg’s sovereign wealth fund has allocated 1% of its portfolio to Bitcoin exchange-traded funds (ETFs), marking one of the first such moves by a European state-backed investment entity. Luxembourg’s Director of the Treasury and Secretary General Bob Kieffer revealed the investment in a Wednesday LinkedIn post. He said the country’s Finance Minister Gilles Roth revealed
Bitcoin price today trades around $122,000, slipping slightly after rejection at the $124,000 ceiling. The move follows a sharp rebound from $110,000, with buyers now defending the $118,000–$119,000 zone supported by the 20-day EMA. Bitcoin Price Tests Resistance At $124,000 BTC Price Analysis (Source: TradingView) Bitcoin remains locked in a consolidation range after failing to
As blockchain technology matures, the industry faces a critical challenge: balancing transparency with privacy. Most public blockchains expose all transaction data, creating risks for enterprises and individuals. This tension has sparked debate about whether decentralization must sacrifice confidentiality. Fahmi Syed, President of the Midnight Foundation, believes there’s a better path forward. During Token2049 Singapore at
Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale Capital. Kerrisdale said in a report on Wednesday that Tom Lee’s BitMine is “chasing a model that is on its way to extinction,” as it
QumulusAI, a company building GPU-powered cloud infrastructure for artificial intelligence, has locked in a $500 million credit facility to fund its growing fleet of graphics processing units (GPUs). The financing was arranged by Permian Labs and will be distributed via USD.AI, a blockchain-based credit protocol that connects crypto liquidity to real-world infrastructure, according to an
The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday. Citi Ventures joins Visa (V) in backing BVNK, after the payments giant made its own strategic investment in the company in May this year. The companies have not disclosed the size
Bitcoin BTC$121,772.21 dipped below a key support level Thursday, pulling the broader crypto market down as the US dollar gained strength ahead of Federal Reserve Chair Jerome Powell’s speech. The leading cryptocurrency fell over 1% $121,500, reversing Wednesday’s spike and penetrating the 200-hour simple moving average, CoinDesk data show. Other major tokens such as BNB
The U.K. officially lifted its multi-year retail ban on crypto exchange-traded notes (ETNs), saying the digital asset market has matured enough for individuals to invest through regulated products, even if investors will have to wait a little longer to add them to their portfolios. In a policy update Wednesday, the Financial Conduct Authority (FCA) confirmed