Global M2 Blows Through Record Territory Just like the global debt, the money supply (M2) is growing enormously. The United States M2, which basically is a measurement of all the money circulating in the American economy, tapped a record high of $23.16 trillion. Combining all the major countries and regions, including the United States, the
Mirae Asset Group Chairman Park Hyeon-joo has voiced a strongly negative view on Bitcoin investment, saying that few people have made money from the cryptocurrency and that many have suffered severe losses. Speaking during a meeting with employees of DigitalX, the group’s digital asset subsidiary, in Seoul on Tuesday, Park also criticized the listing practices
Software firm Strategy has moved closer to eliminating its net leverage, reporting $6.69 billion in dollar liquidity against roughly $67.5 billion in debt. The company, which holds about $66 billion in Bitcoin, calculates its net leverage by comparing its debt minus dollar-denominated assets with its $BTC holdings. With dollar reserves approaching the size of its
Russia’s MTS, Rostelecom and MegaFon have prepared to accept digital ruble payments from Sept. 1 as Russia begins the first mandatory stage of its nationwide central bank digital currency rollout. Vedomosti reported that the three major telecommunications operators are preparing their payment systems for the launch, with MTS offering digital ruble transactions across services connected
Two days into this week, Bitcoin ETFs have already pulled in $651.93M, more than a third of last week’s $1.92B total. That pace matters more than today’s 0.09% dip. $BTC is still consolidating inside the rising channel that’s held since August 20, and whether ETF demand keeps up this pace through Friday says more about
Bitcoin transfers can occur between two individuals without any third party getting involved. It can be transferred from one wallet to another without a bank, paperwork, or even the name appearing on the blockchain. This is also possible when the crypto is paid as a gift. Thus, it is difficult to identify what the transfer
LND, a Lightning Network node implementation, has disclosed a channel-close flaw that can put an entire channel balance at risk in the reproduced maximum-loss scenario. Operators using standard releases below 0.21.0 should treat their nodes as lacking the official fix unless they were independently patched. The Aug. 13 disclosure describes how a malicious channel peer
The symposium theme is “Financial Innovation: Implications for Payments and Policy.” Warsh divested a dozen blockchain positions before taking office. He appointed Marc Andreessen to co lead the Fed’s AI task force. Friday’s speech could move crypto markets on policy content alone. Every Fed chair gets one first Jackson Hole speech. It sets the tone
Bitcoin’s end-of-September options expiry holds 130,670 $BTC of open interest, compared with 79,003 $BTC for August, a headline gap large enough to look like traders are loading up before the Federal Reserve’s Sept. 16 decision. DWF Labs market insights lead Martin Lee said in a note that most of that gap has nothing to do