A recent analysis published by crypto asset management company Grayscale suggests that the Bitcoin market may have formed a permanent bottom. According to the company’s research arm, blockchain data indicates that price movements are settling on a healthier footing. According to Grayscale Research, Bitcoin has risen by nearly 20% since hitting a low of around
Chinese crypto billionaire Li Lin’s private trading empire will soon move into a Hong Kong-listed company he controls, in a move designed to cater to growing investor demand for digital assets. That Hong Kong-listed firm is Bitfire, a wealth management company, where Li is the largest shareholder. Bitfire said Wednesday that it will pay $1.6
Bitcoin is breaking out of the Iran-headline chop. Bitcoin traded at $77,541 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after Trump said he would extend the Iran ceasefire indefinitely and Strategy disclosed the purchase of 34,164 $BTC for $2.54 billion. Ether rose 2.1% to $2,366, BNB climbed 1.3% to
The big picture: The film Finding Satoshi aims to solve what its creators call one of the biggest financial mysteries ever. Director Tucker Tooley said the project blends investigative reporting with storytelling about “a human being” behind Bitcoin. The team deliberately avoided conspiracy tropes, instead focusing on Satoshi’s motivations, struggles, and context. The mystery itself,
SWIFT and Ripple Edge Closer as Banking and Blockchain Converge The SWIFT vs. Ripple debate is heating up as global finance moves closer to blockchain-based settlement. What was once seen as a head-to-head rivalry between a traditional payments messaging network and a crypto-native infrastructure has shifted into something more complex. Instead of one replacing the
The crypto market is currently undergoing a significant change in how success is measured by the network. Total Value Locked (TVL) was historically used to measure success, but the crypto community is now prioritizing Monthly Active Addresses (MAA) to better represent the use of the network in actual transactions and the retail uptake of the
Bitcoin is heading into one of the year’s largest options expirations at the worst possible moment. CoinGlass data shows roughly $8.07 billion in notional open interest for Deribit’s options expiring on April 24, split between 56,300 calls and 49,540 puts. While the ratio itself leans bullish, it’s sitting against one of the most uncertain macro
Bitcoin is entering another dangerous macro moment. On one side, President Trump is increasing pressure on the Federal Reserve to cut interest rates. On the other, Iran-related tensions and Strait of Hormuz headlines are keeping global markets alert. For Bitcoin, this creates a difficult mix. Lower rate expectations can support risk assets, but geopolitical fear
The U.S. Senate session to confirm the new Federal Reserve Chair, initially scheduled for last week, began today, with approval expected soon. Current Chairman Jerome Powell’s term ends on May 15, and Kevin Warsh is set to step in. There is now only a slim chance of any change in the nominee, so it appears
Strategy, the Michael Saylor-led company formerly known as MicroStrategy, has surpassed BlackRock’s flagship spot Bitcoin exchange-traded fund (ETF) to become the world’s largest institutional holder of Bitcoin. According to an April 20 regulatory filing with the Securities and Exchange Commission (SEC), Strategy acquired an additional 34,164 Bitcoin over the past week at an average price