BlackRock, the world’s largest asset manager, has launched two tokenized money market products designed to serve as reserve assets for stablecoins, marking another step in bringing regulated financial products onto blockchain infrastructure. The first product, BlackRock Select Treasury Based Liquidity Fund OnChain Shares (BSTBL), is a tokenized share class of the asset manager’s existing Select
In his latest video analysis, cryptocurrency analyst Benjamin Cowen assessed the current market situation of Bitcoin in light of its technical indicators and historical cycles. According to Cowen, Bitcoin has entered a critical technical consolidation phase that will determine its direction in the near future. Cowen argued that two key levels stand out in Bitcoin’s
Blockchain analytics company Glassnode reported that Bitcoin retreated to around $62,600 after failing to sustain itself above $66,000. According to the company, weak demand in the spot market and the defensive positions of derivatives investors increased pressure on the price, while the resilience of long-term investors, rising network activity, and renewed ETF inflows continued to
Ray Dalio, the billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, made noteworthy statements on the global financial system, impending economic risks, and asset allocation. Dalio stated that investors should turn to “solid money” assets like Bitcoin and gold, which cannot be printed, in the event of a potential financial collapse,
While the leading cryptocurrency Bitcoin continues to hold above $60,000, some analysts believe it may have hit bottom. At this point, the latest analysis comes from Markus Thielen, founder of 10x Research. Markus Thielen highlighted critical levels for Bitcoin’s long-term direction. He stated that a monthly close above $63,000 for Bitcoin would be a significant
Strategy, chaired by Michael Saylor, sold 1,638 Bitcoin today for approximately $105 million, reducing its total assets to 842,138 $BTC. Following the sale, Saylor stated that his personal Bitcoin investments and Strategy’s capital management policies as a publicly traded company should be kept separate. According to Strategy’s official data, the company sold its Bitcoins at
Strategy, the world’s largest publicly traded Bitcoin holder, has announced another sale. According to a statement by Strategy founder Michael Saylor, the company sold 1,638 Bitcoins worth approximately $105 million. Strategy generated $104.7 million in revenue from sales conducted between July 27 and August 2, at an average price of $63,957 per Bitcoin. Strategy announced
Bitcoin ($BTC) starts the first full week of August circling $63,000 as traders weigh the impact of the ongoing Coldcard wallet hack. Key points: US Treasury Secretary Scott Bessent leverages a Federal Reserve repo facility for a joint intervention as the Japanese briefly recovers from forty-year lows against the dollar Oil prices fall sharply as
U.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to counter “disorderly yen movements.” The USD/JPY pair almost hit 164 its weakest level since 1986 before snapping back to 156.5 on Monday. “We will not hesitate to participate in further joint