The Bank of Japan raised its benchmark interest rate to 1% on June 16, the highest level the country has seen since September 1995 and the furthest point yet in a normalization campaign that has slowly dismantled three decades of near-free money. Going into the decision, the track record pointed one way: every one of
Michael Saylor, the chairman of the world’s largest Bitcoin treasury firm, Strategy, has recently shared a brief story, reflecting on the tough moments in the history of the company, which have now become its strengths today. In the post, Saylor discussed how far the company has come since it continued to witness consistent market weakness,
Bitcoin’s next major leg down might not come from miners, ETF exodus, macro data, unknown large whales, or even wars and worsening economic conditions. Instead, it could be from the market’s largest and most famous corporate $BTC buyer if it indeed turns into a recurring seller, as many critics and experts fear. As such, we
SkyBridge Capital founder Anthony Scaramucci stated that he maintains his long-term optimism for Bitcoin, and explained five key reasons why he remains bullish on BTC. According to Scaramucci, Bitcoin’s most important feature is that its value cannot be diminished by any government. Arguing that Bitcoin’s 21 million supply limit is secured by code, not promises,
Iran’s top joint military command announced it would close the Strait of Hormuz to shipping for violating the ceasefire agreement with the United States and Israel. According to Iranian state media outlet Mehr, a statement from Iran’s Khatam al-Anbiya Central Headquarters announced that the Strait of Hormuz would be closed to shipping. The statement described
Daily Chart The bounce off $59,000 produced a string of higher lows on the daily chart, and the price now consolidates between $63,000 and $64,000. Trading volume spiked during the capitulation phase and has since pulled back, a pattern that often points to fading panic selling rather than fresh distribution. On the daily timeframe, resistance
A Cash-Flow Problem, Not a Crypto Problem In a podcast with journalist Laura Shin, Grayscale’s head of research (who posts on X as LowBeta) argued that Strategy’s preferred-equity obligations are best understood “as a cash flow issue, not a crypto issue,” adding: “ Bitcoin produces no yield. If the price doesn’t go up, there are