Bitcoin traded near $63,700 on Wednesday, Aug. 12, as most major cryptocurrencies edged higher ahead of the July U.S. inflation report. BTC was down about 0.6% over 24 hours at the time of writing, while Dogecoin and $BNB led gains among the largest assets. The subdued move follows another failed push above $65,000. Bitcoin briefly
Bitcoin perpetual futures trading volume on major exchanges Binance and Bybit has fallen to its lowest level since 2023, according to a recent report by crypto research firm K33 Research. The decline also extends to spot markets, where volume has dropped to levels not seen since February 2024. The data suggests a notable cooling in
Bitwise Asset Management has cut 14% of its workforce, reducing its global team to about 155 employees as the crypto asset manager operates through a prolonged market downturn. According to recent media reporting Bitwise CEO Hunter Horsley confirmed the layoffs in an emailed statement, saying the staff reduction was completed last week and leaves the
Chicago Fed President Austan Goolsbee has identified inflation above the Federal Reserve’s 2% target as the main U.S. economic problem while officials debate whether to raise rates from 3.50%–3.75%. Why Goolsbee sees inflation as the main challenge Wired released Goolsbee’s interview on Aug. 11 after recording the discussion on June 22, with the Chicago Fed
Although mainstream media covered insiders’ massive unlock of 911.5 million SpaceX shares worth $101 billion on August 6, very few people realize that an additional unlock on that date failed because SpaceX’s stock price had crashed so badly. That second, bonus tranche of 455.8 million shares required SpaceX to close at or above $175.50 per
CoreWeave (CRWV) shares surged 16% in pre-market trading on Wednesday after the company delivered stronger growth and raised its full-year outlook, lifting the broader neocloud market. The AI infrastructure provider said second-quarter revenue more than doubled to $2.58 billion, narrowly beating expectations, while its net loss of $626 million was smaller than analysts projected. The
In the cryptocurrency market, Bitcoin and Ethereum are trading in a narrow range ahead of the US Consumer Price Index (CPI) data release, while options traders are increasing their positions for a potential upward breakout. The market expects the inflation data to be decisive in Bitcoin’s exit from its current narrow trading range. Bitcoin has
Metaplanet, a Japanese company that places Bitcoin at the center of its institutional treasury strategy, has transferred a significant amount of $BTC. According to information reported by the on-chain data analytics platform Lookonchain, the company sent a total of 3,881 Bitcoin to external wallets in the last three hours. The total value of the transferred