A pair of financial institutions managing more than $1 trillion each approved crypto products this summer, a shift Bitwise CEO Hunter Horsley says shows large firms are expanding crypto access even during a bear market. “This year everyone just put on the crypto jersey,” Horsley said during an interview with CoinDesk. “Everyone works for crypto
Bitcoin [$BTC] was flowing into exchanges even as the leading crypto’s price threatened to fall below $62k. Major platforms such as Binance, Kraken, and Bitstamp have seen sizeable coin inflows. Source: CryptoQuant The Binance reserve rose from 662k to 671.6k $BTC, a 1.45% increase in a week. Kraken saw a 3.48% weekly increase in exchange
Strategy Chairman Michael Saylor published an annual performance report on digital credit instruments under the Strategy brand on his social media accounts, showing investors a striking divergence between the performance of the company’s structured products and the price action of the leading cryptocurrency. According to the infographic, while “raw” Bitcoin plunged 47% over the past
Saylor Frames Bitcoin as a Technology for Preserving Economic Value Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor on Aug. 15 described bitcoin as an engineering solution for storing and transferring economic value, extending his long-running argument that the asset should be understood as monetary technology rather than only a cryptocurrency. In his “What Is