Jeff Park: Bitcoin Will Ultimately Benefit From the Rise of AI While reports have established an inversely proportional relationship between artificial intelligence (AI) and crypto, meaning that investors have been withdrawing funds from crypto and piling them up behind AI stocks, including chip makers and software companies, some are betting on the resilience of crypto.
Wall Street isn’t waiting around! Despite the CLARITY Act being stalled until September, the bigger hands are moving ahead with their crypto ambitions. Here’s the breakdown. NASDAQ files for standardised crypto ETF listings Nasdaq is asking the SEC to make it easier to launch options on crypto-backed ETFs. Under the proposed rule change, certain ETFs
An attempt by the radical wing of the Bitcoin community to forcibly purge the network of nonfinancial data had the opposite effect. Just days after the high-profile failure of the BIP-110 soft fork, designed to temporarily limit the amount of data bloating the network, Bitcoin was flooded with deliberately “heavy” blocks. Ripple CTO Emeritus David
A Large Bearish Bet on Tokenized SpaceX Shares Onchain analytics account Lookonchain flagged a large short position against SPCX, the tokenized version of SpaceX stock that trades on crypto platforms. The whale placed limit short orders worth approximately $203.47 million at prices between $141.93 and $142.90 per token, a wager that the stock’s price will
Bitcoin price has fallen 2% from $63,895 to an intraday low of $62,667 on Aug. 14 as spot selling, a $125 million whale short, and weak derivatives demand pushed the price toward a key support zone. Bitcoin price action today points to seller control According to data from crypto.news, Bitcoin ($BTC) price was trading near
With its 365-day running return on investment now firmly below 1, Bitcoin has crossed an unsettling threshold for long-term holders. The most recent reading of roughly 0.514 indicates that Bitcoin is only worth roughly 51% of what it was a year ago, making the trailing 12-month holding period clearly unprofitable. Negative period for the market
A review published by security analyst Yajin Zhou says HKDAP runs on an Ethereum contract that is not production-ready, and has Know-Your-Customer (KYC) and revocation controls that do not work as coded. HKDAP is a Hong Kong dollar stablecoin that Standard Chartered-backed Anchorpoint launched on August 12. What’s wrong with HKDAP’s rules? The security analyst
Bitcoin price is stuck within a narrow range, consolidating between $63,000 and $64,000, failing to deliver an upside action after the latest U.S.inflation data. July CPI came in broadly in line with expectations, while PPI was more favourable, rising 0.0% month-over-month versus forecasts of a 0.2% increase. Treasury yields declined as expectations for further rate
Ross Gerber, founder and CEO of asset manager Gerber Kawasaki Wealth, has publicly stated that MicroStrategy co-founder Michael Saylor’s approach to Bitcoin has made him skeptical about the cryptocurrency. In a post on X (formerly Twitter), Gerber said he could no longer take Bitcoin seriously, citing Saylor’s influence and actions as a key factor in
The S&P 500 closed Thursday at a record 7,798.99, while Bitcoin traded at $63,347.73, only a few hundred dollars above an on-chain level that had absorbed every test above it for more than a month. Sellers appear increasingly exhausted, yet new demand remains too weak to pull price away from support, even on a day