The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around. The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has
Mert Mumtaz, CEO of Helius Labs is one of those who sees CBDC as a step backward, one that puts custody of personal finances in the hands of the government. The Solana network contributor’s latest disapproval came as a vocal reaction to Changpeng Zhao’s support for a Kyrgyzstan government CBDC pilot. Several hours ago, CZ
Crypto venture capital activity has been brisk in recent months, with both established players and emerging projects securing significant funding to fuel the next wave of blockchain innovation. The week of October 19-25 recorded $587.92 million in crypto VC funding across 22 projects. Summary The crypto VC landscape remains dynamic, as platforms like Echo, Pave
OpenLedger, a popular blockchain merging AI with token rewards and data attribution, has integrated LayerZero, a renowned omnichain interoperability firm. The integration focuses on enhancing cross-chain interoperability to accelerate the wider AI economy. As mentioned in OpenLedger’s official X announcement, the development is set to offer an unparalleled cross-chain bridge, permitting verified data, tokens, and
Federal Reserve Governor Christopher Waller proposed a new payment account on Oct. 21 that would grant stablecoin issuers and crypto firms direct access to Fed payment rails without full master account privileges. The announcement at the Fed’s inaugural Payments Innovation Conference marked a reversal from the central bank’s guarded stance toward digital asset firms. Waller
Key Takeaways US Representative Marjorie Taylor Greene reported up to $30,000 in spot Bitcoin ETF investments. The information comes from a periodic transaction report. US Representative Marjorie Taylor Greene disclosed Bitcoin exposure between $2,000 and $30,000 through purchases of the iShares Bitcoin Trust ETF, according to a recent transaction report. Greene has filed multiple stock
CharacterX, a famous AI-led Web3 social entity, has partnered with ENI, an efficient enterprise-level blockchain network. The partnership is aimed at driving the expansion of large-scale and intuitive Web3 ecosystems. As CharacterX’s official social media announcement discloses, the development focuses on revolutionizing ecosystem interoperability and intelligence in the Web3 landscape. Hence, the collaboration is poised
Bitcoin is currently trading at a roughly 30% discount compared to its Nasdaq 100-implied fair value. While any high-conviction Bitcoiner already knows how cheap the asset is right now, this ratio highlights the knock-down BTC price in proportion. And it’s a divergence that has historically implied a deep undervaluation. According to data from ecoinometrics, based
Nearly half of Americans are ditching the old-school playbook. According to a Charles Schwab survey released yesterday, 45% of US investors now say they want to put money into non-traditional assets, and that includes everything from crypto and gold to private equity, real estate partnerships, and hedge funds. The same poll says two-thirds of people