The idea that Layer 1 blockspace has become a commodity may be premature, according to Bitwise CIO Matt Hougan, who argues that institutional behavior tells a very different story. Hougan pushed back on what he described as an “increasing view in crypto that L1 blockspace is a commodity. Institutional Capital Clusters on Top-Tier Chains as
Digital asset company New Frontier Labs has partnered with BitGo Bank & Trust National Association, the entity that crypto infrastructure company BitGo will use to issue and provide custodial services for the FYUSD stablecoin, a dollar-pegged token for Insitutional investors in the Asia region. BitGo’s announcement said FYUSD is compliant with the GENIUS Act stablecoin
Key Takeaways Combining real estate with Bitcoin creates a distinct financial asset that competitors struggle to replicate. Grant Cardone plans to sell his Bitcoin holdings if it reaches a million dollars. The number of units in real estate is crucial for determining business success. Rent increases significantly impact revenue, especially with a large number of
The cryptocurrency market showed minimal reaction last week after the Supreme Court overturned the tariffs. Bitcoin is currently trading 1.24% lower than it was last week. Ethereum, the largest altcoin, has seen a slight recovery over the past seven days. On the other hand, numerous economic developments and altcoin events await cryptocurrency users in the
Analyst Phyrex Ni has assessed the US Securities and Exchange Commission’s (SEC) recent move regarding stablecoins. The SEC’s Trading and Markets Division’s recent FAQ stated that “compliant stablecoins” can be valued with a 2% discount (haircut) in brokerage firms’ net capital calculations, drawing attention in the market. SEC member Hester Peirce also stated that stablecoins
In the event that quantum computers one day become capable of breaking Bitcoin’s cryptography, roughly 1 million BTC attributed to Satoshi Nakamoto, the creator of the Bitcoin network, could become vulnerable to theft. At today’s price of about $67,600 per bitcoin, that stash alone would be worth approximately $67.6 billion. But Satoshi’s coins are only
The new trade agreement being negotiated between the European Union and the United States may be suspended due to uncertainty in Washington. Bernd Lange, a leading trade official in the European Parliament, stated that the ratification process of the agreement could be halted until the “chaos surrounding Trump’s tariffs” is clarified. Lange stated that the
Bitcoin slid back toward $67,000 in Sunday trading as trade uncertainty resurfaced, with investors weighing fresh tariff escalation against a shifting legal backdrop in the U.S. BTC was trading around $67,526, down about 1.4% over the past 24 hours and roughly 2.1% on the week. The move follows President Donald Trump’s decision to raise the
ProShares’ new ETF built for the fast-growing, $300 billion world of stablecoins had a massive launch, fueling speculation that one major stablecoin issuer may be involved. The fund, called the ProShares GENIUS Money Market ETF (IQMM), is designed to hold short-term U.S. Treasuries and meet the reserve requirements laid out in the GENIUS Act, a
Strategy founder Michael Saylor has once again shared an update to the “Bitcoin Tracker” with the public. Saylor used the phrase “orange century” in her post. The orange color refers to Bitcoin purchases in the shared graph. Based on past examples, the company usually releases official Bitcoin reserve data immediately after such announcements. Therefore, expectations