Crypto just closed one of the ugliest earnings weeks in its short public-market history. Strategy, the largest corporate holder of Bitcoin on the planet, reported an $8.22 billion net loss for the second quarter. Coinbase followed with a $359 million loss and its third consecutive revenue miss. And Bitcoin, the asset underneath both stories, spent
Corporate blockchains are multiplying, but Coinbase CEO Brian Armstrong expects the boom to end in consolidation rather than coexistence. Over the past year, several corporate institutions and Wall Street giants, including Stripe, Circle, and Robinhood, have developed rails for stablecoins and institutional markets. Their expansion has revived concern that regulated companies with established distribution could
A zero-knowledge proof lets one party prove to another that a statement is true without revealing any information beyond the truth of the statement itself. It is the cryptographic technique behind blockchain privacy, scalable rollups, and a growing number of identity verification systems. The standard explanation of zero-knowledge proofs uses the cave analogy. Ali Baba
The Indian rupee strengthened for a sixth consecutive session on Friday, closing at ₹95.35 against the US dollar, up 15 paise from Thursday’s ₹95.50 close, itself a 26 paise gain marking the fifth straight session of gains. Why the Rupee Keeps Rising Sustained RBI dollar selling combined with a shift in foreign portfolio investor behavior
Strategy Founder and Executive Chairman Michael Saylor believes Bitcoin is at a key inflection point right now, one that could mark its bottoming phase. During Strategy’s Q2 earnings call on Thursday, Saylor claimed that $BTC had dropped to its 200-week Moving Average (MA). In saying so, he urged investors to take advantage of the signal
Bitcoin is currently hovering at around $62.9K. The $BTC chart is forming a bearish engulfing pattern. The dominant digital asset, Bitcoin ($BTC), is currently trading at $62,984 with a session range between $62,410 and $64,432. Meanwhile, its trading volume is sitting at $27.84 billion, with the $BTC market having seen $97.62 million in liquidations over
Coinbase told investors on Thursday that 88% of its second-quarter net revenue came from something other than Bitcoin spot trading. The same release reported a $359.5 million net loss under US accounting rules, the company’s third consecutive losing quarter. Both numbers describe the same three months. Taken together, they get closer to the truth about
Bitcoin price hovered near $63,000 on Aug. 1 as US ETF outflows, weakening momentum and regulatory uncertainty kept buyers on the sidelines. Bitcoin price struggles to hold $63,000 According to data from crypto.news, Bitcoin (BTC) price traded at approximately $63,082 at the time of writing after briefly falling below $63,000 during the latest selloff. The
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the position about 22% underwater and sitting on $16.33 billion in unrealized losses. On Aug. 14, large investment managers must disclose their June 30 Bitcoin ETF positions, and those filings offer the clearest look yet at whether
Bitcoin has entered a bottoming phase that could last one to three months, according to prominent crypto analyst PlanB, known for his stock-to-flow price models. In a post on X, PlanB noted that Bitcoin closed July at $62,818, while its 200-week moving average stood at approximately $63,000. Understanding the Bottoming Process PlanB, whose real name