As Bitcoin’s price continues to drop amid the persisting market volatility, the leading cryptocurrency is close to reaching a historic level that has often marked Bitcoin’s bottom in previous cycles. The Bitcoin bottom indicator has become more glaring after Bitcoin slipped below the major $70,000 mark, gradually flushing out all its speculative traders. Bitcoin supply
The story most commonly told about stablecoins runs in one direction, i.e., they solve cross-border payment friction, settling in seconds, whereas correspondent banking takes days. Furthermore, they reduce transaction costs in corridors where traditional infrastructure is expensive, all while providing access to dollar-denominated financial instruments for populations outside the US. The volumes support this framing,
At 10 a.m. ET on Tuesday, the Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for April, and a market that spent years branding Bitcoin as an escape hatch from central banks now hangs on whatever the numbers imply about the Federal Reserve’s next move. This is due to a long
The leading cryptocurrency, Bitcoin ($BTC), fell below $70,000 following a downward trend seen in recent weeks and yesterday’s $BTC sale by institutional bull Strategy. As $BTC fell below $70,000 for the first time since April, the percentage of investors experiencing losses also increased. CryptoQuant analyst Julio Moreno states that the loss in $BTC supply has
New York Stock Exchange-listed technology firm Hyperscale disclosed that it holds 704.3405 Bitcoin as of May 31, confirming a steady corporate treasury position despite a week without new open-market acquisitions. The announcement, filed in a regulatory update, provides a snapshot of the company’s digital asset strategy at the close of the month. Corporate Bitcoin Holdings
The Cardano Foundation has partnered with the Brazilian Olympic Committee to test blockchain, artificial intelligence and Internet of Things tools across Brazilian sport. The Brazilian Olympic Committee said the agreement will explore emerging technologies for sports management, transparency and efficiency. The work will focus on practical tools for athletes, coaches, federations and fans. The partners
oinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1941.81, down 2.6% (-51.57) since 4 p.m. ET on Monday. Two of the 20 assets are trading higher. Leaders: NEAR (+3.2%) and ICP (+0.7%). Laggards: XLM (-8.4%) and AAVE
Movement, a project originally designed to linkblockchains built using the Move programming language with Ethereum, is pivoting toward cross-border payments, remittances and dollar savings products, reflecting a broader shift across the increasingly crowded layer-2 landscape. The company behind the blockchain said Tuesday that it had secured access to licensed payment systems in the U.S., Canada
Cango Inc (NYSE: CANG) has released the unaudited results of its financial statement for the first quarter of 2026, and it reported a net loss of $261.1 million. However, most of these losses came as a result of non-cash charges. The company also reported that it has wiped out its balance-sheet debt in a single