Bitwise CIO Matt Hougan expects Bitcoin to finish the year significantly higher. “Bad news has stopped moving the market,” Hougan said. “The sellers are gone. When bad news stops moving the market, that marks the bottom,” he added. Hougan also argued that institutional exposure to Bitcoin has continued to grow. According to the Bitwise executive,
Sui has unveiled Tessera, a business-to-business payments and settlement network designed to keep transaction amounts private, according to an announcement on its official X account. The prototype aims to address a long-standing barrier to blockchain adoption in institutional finance: the public visibility of transaction details. Why privacy matters for institutional settlement Institutions are often reluctant
Trump Media and Technology Group’s (DJT) bitcoin holdings shrank during the second quarter of the year as falling crypto prices saddled the Truth Social parent with $360.6 million in losses in the first half of the year. The company held 9,477.16 bitcoin $BTC$64,066.96 with a fair value of $557.1 million as of June 30, according
CoreWeave stock has bounced back substantially in the past few days, moving the July 29 low of $60 to the current $90.6. It has jumped by over 50% as investors rotate back to companies in the artificial intelligence industry. This rally will be put to the test as it publishes its financial results this week.
Bitcoin is consolidating above $65,000 as buyers struggle to overcome a cluster of technical resistance levels. The cryptocurrency remains below its 50-day, 100-day, and 200-day exponential moving averages, keeping the short-term price outlook uncertain. Although institutional demand and improving global liquidity conditions are helping to limit deeper losses, overhead supply continues to prevent a decisive
The big picture: In an interview on CoinDesk’s Public Keys, Bitwise Head of Research Ryan Rasmussen said investors are underestimating Circle’s opportunity as stablecoins move toward a multi-trillion-dollar market. Rasmussen expects the stablecoin market to grow from roughly $300 billion to between $3 trillion and $5 trillion. He said Circle is particularly well positioned as
Crypto payment card spending shot up to $759 million in July, about 2.5 times the level a year earlier. $USDC, backed by dollars, now accounts for 58% of that volume, according to figures cited by a16z crypto. Dollar stablecoins displace euros in under two years Cardholders made ~9 million purchases in July, compared with about
The People’s Bank of China (PBOC) said it will “steadily develop” the digital yuan over the next five years. The e-CNY is now listed as one of the central bank’s core tasks in a recently published reform blueprint. What provisions has China made for the development of its digital yuan? The People’s Bank of China
American Bitcoin (NASDAQ: ABTC) shares have risen after filings showed board director Justin Mateen spent about $1.9 million buying its stock. Despite being more than 95% down from its high, American Bitcoin stock experienced a 10% increase over a 24-hour period. What is American Bitcoin currently trading at? Following the purchase of $1.9 million worth
What this means: Strategy CEO Phong Le said the company has adjusted its approach after discovering that preferred stock investors put a premium on cash liquidity. Strategy now holds $4.75 billion in cash, providing about 2.7 years of dividend coverage, Le said in an interview on CoinDesk’s Public Keys with Jennifer Sanasie. Le said he