SpaceX’s initial public offering last month was a headline-grabber for any number of reasons. As one of the largest IPOs ever, it briefly made founder Elon Musk the world’s first trillionaire (and, a few days later, the first multi-trillionaire); it’s among the first of the major AI labs to go public; it debuted as one
K33 Research, a leading crypto analytics firm, has released a report suggesting that the U.S. Federal Reserve’s upcoming Federal Open Market Committee (FOMC) rate decision may have a more muted effect on Bitcoin than in previous cycles. The analysis, cited by CoinDesk, points to a significant shift in the relationship between Bitcoin and traditional risk
Bitcoin’s race to become quantum-resistant may face an unexpected challenge after Anthropic. One of its frontier AI models has discovered novel attacks against weakened cryptographic algorithms. There are now new discussions regarding whether or not artificial intelligence could actually threaten post-quantum encryption before quantum computers crack today’s Bitcoin signatures. Coin Center Executive Director Peter Van
Bitcoin fell below $64,000 on Tuesday as traders reduced risk before the Federal Reserve’s interest-rate decision, while ETF outflows and leveraged liquidations added to selling pressure. Bitcoin price falls below rising trendline According to data from crypto.news, Bitcoin ($BTC) price opened Tuesday near $63,706 and extended its decline toward $63,327 as traders cut exposure before
That gap is the main macro story of the day as we head into Wednesday’s Federal Reserve (Fed) rate decision. Citadel, one of the largest hedge funds in the U.S., managing $67 billion in assets, is calling for markets to brace for a 25-basis-point interest rate hike from Chair Kevin Warsh, not in September but
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded approximately $49.7 million in net outflows on July 28, extending a streak of negative flows to four consecutive trading days, according to data from Farside Investors. BlackRock’s IBIT Leads Outflows, Grayscale Mini $BTC Bucks Trend The latest round of withdrawals was driven primarily by BlackRock’s iShares Bitcoin Trust
ARK Invest’s director of crypto research, Lorenzo Valente, has issued a stark assessment of the current state of the digital asset industry, stating that the ongoing shakeout is more severe than in previous bear markets. In a post on X, Valente warned that the coming months are likely to bring an increase in mergers and
The crypto market is once again filled with speculation over whether Bitcoin has reached its cycle bottom. Recent exchange shutdowns have been fueling a popular narrative that such failures are a sign of a market turning point. Crypto analyst Joao Wedson, however, said the data does not support that conclusion. Debunking Popular BTC Bottom Theory
Vitalik Buterin has pitched the Diamond indistinguishability obfuscation (iO), a novel cryptographic framework that promises to deliver blockchain privacy and trustless infrastructure in both crypto and Web3. Vitalik proposes new blockchain privacy technology In his latest blog, the Ethereum co-founder describes Diamond iO as a tool that would enable user interaction with encrypted software, but
Cryptorank Counts Just 150 Active Venture Firms, Fewest Since November 2020 Crypto venture capital may be approaching a structural turning point, even if bitcoin, ethereum and stablecoins continue to expand. Haseeb Qureshi, managing partner at Dragonfly, said the sector could eventually reach a “last vintage” as established networks become harder for startups to challenge. “At