Strategy Liquidation Weighs on Early Sentiment Bitcoin nearly tapped $64,000 on Monday as the cryptocurrency looked poised to kick-start the new week on a high note after ending July with modest gains. Yet the cryptocurrency’s ascent to a daily peak of just above $63,900 was not straightforward. Market data show it initially trended downward, sliding
Intesa Sanpaolo, Italy’s largest banking group, cut the underlying-share amount of its reported iShares Bitcoin Trust ETF call position by 99.3% in the second quarter, while a 500,000-share-equivalent held put row appeared and its staked Ethereum ETF balance roughly tripled. The changes mark a reset in the Italian bank’s disclosed quarter-end crypto ETF positions. They
Cantor Fitzgerald has lowered its price target on Strategy (formerly MicroStrategy) to $186 from $212, while maintaining an Overweight rating on the stock. The adjustment reflects a more conservative near-term outlook for Bitcoin, the company’s primary treasury asset, according to a note from Walter Bloomberg. Why the price target was cut The investment bank revised
Citigroup has revised its price target for Coinbase Global (COIN), lowering it to $210 per share from the previous $235. The adjustment reflects a more cautious outlook on the cryptocurrency exchange’s near-term earnings potential amid a challenging market environment. What the Price Target Cut Means The new target still implies a modest upside from Coinbase’s
Hyperscale Data, a U.S.-listed Bitcoin treasury company trading under the ticker DAT, has secured a $30 million Bitcoin-backed loan through the decentralized finance (DeFi) lending protocol Morpho. The funds are earmarked for expanding its AI data center in Michigan, according to a report by The Block. The move underscores a growing trend among Bitcoin-accumulating companies
LayerZero is no longer just a protocol for moving crypto between blockchains. The interoperability network says it has processed more than $200 billion in value across 165 blockchains, making it one of the largest pieces of infrastructure connecting the digital asset economy. That scale is drawing comparisons beyond crypto. LayerZero’s historical transaction volume now exceeds
Indian banks are increasingly integrating blockchain into core banking operations to speed up payments, trade finance, and securities settlement while the country continues to keep cryptocurrencies at arm’s length. Instead of building around public crypto networks, lenders have largely focused on permissioned blockchain networks developed for regulated financial services. The shift comes as banks gain
Kenya has launched a blockchain-based system for verifying academic credentials through the Kenya National Examinations Council (KNEC), placing more than 30 million records on the Avalanche network in an effort to combat certificate fraud and make credentials easier to verify. KNEC and Avalanche announced the initiative on Monday, saying the platform is designed to address