US President Donald Trump announced that the agreement with the Islamic Republic of Iran has been finalized. Trump’s statement indicated that he has given full authority to reopen the Strait of Hormuz without tolls and also ordered the immediate lifting of the US naval blockade. In his statement, Trump said, “The deal with the Islamic
Bitcoin is holding above its 200-week moving average for another week, a level that has historically separated bull markets from extended bear markets. The question now dominating analyst discussion is whether the recen t drop to $59,000 was the cycle low or simply a temporary stop before a deeper decline toward $30,000 to $40,000. Why
Bitmine Immersion Technologies has set its preferred stock dividends in motion, marking a notable step in the company’s effort to bridge traditional income investing with its unconventional digital asset strategy. The Bitmine preferred stock dividends — set at a 9.50% annual rate on its newly issued Series A perpetual preferred stock — come alongside a
Kevin Warsh faces his first test as Federal Reserve chair. During the week, he will lead the meeting that decides US interest rates. Investors expect rates to stay between 3.5% and 3.75%, according to the CME’s FedWatchTool. The futures market doesn’t expect another rate cut from the Fed until March of 2027, at which time
The high-performance blockchain engineered for fast and cheap transactions has garnered attention, reaching large stablecoin volumes after making stablecoin movements fee-free at the protocol level. According to Certik, the network has settled nearly $65 billion in stablecoins since June 10. Key Takeaways: Mysten Labs cut Sui fees, driving $65B volumes since June 10 after making
Fifteen years ago today, on June 14, 2011, the whistleblowing organization WikiLeaks fundamentally changed the trajectory of decentralized finance by officially adopting Bitcoin. Due to the controversial “Cablegate” leaks, WikiLeaks faced a crippling financial blockade. Traditional financial gatekeepers, including Visa, Mastercard, PayPal, Bank of America, and Western Union, abruptly cut ties with the organization. This
Everyone knows about the ETFs, but almost nobody knows about the dozens of obscure institutional products being built around Bitcoin while the funds soak up all the attention, from a $40 million insurance reserve in Barbados to an S&P-rated bond deal sold to Wall Street investors by Jefferies. The ETFs answered only one question, which
Despite the current market downturn, Matt Hougan, chief investment officer at Bitwise, said recent conversations with more than 40 financial advisors showed that interest in crypto remains strong. But their focus has shifted beyond Bitcoin. In a recent blog post, Hougan said he spoke with advisory teams, who collectively manage more than $175 trillion, and
Analysts at the crypto exchange Bybit have highlighted factors that contributed to bitcoin ($BTC) recording its worst single-week percentage decline since the FTX collapse in November 2022. According to the report, the decline was not triggered by random panic from the market, but was a result of a structural breakdown that had been building for
The cryptocurrency market has only partially recovered from the major declines of previous weeks, and at the time of writing, Bitcoin is trading at $63,739, having risen by 2.5% in the past week. A significant part of the recovery stemmed from an agreement between Iran and the US that was reportedly going to be signed