Strategy-linked wallets moved another 1,030 $BTC worth $66.14M, reviving debate over whether institutional holders had turned more defensive. Although the company has repeatedly moved Bitcoin between wallets without selling, the latest transaction arrived as market sentiment remained fragile. However, attention quickly shifted toward derivatives after a newly created wallet deposited 2.44 million USDC into Hyperliquid
Bitcoin ($BTC) remains significantly below its long-term valuation trend, according to the Bitcoin Rainbow Chart, which places the cryptocurrency beneath even its lowest projected valuation band for August 31. The indicator, tracked by CoinGlass, shows the chart’s ‘Fire Sale’ band rising to $105,087 by month-end, while Bitcoin is currently trading at $64,092. The gap highlights
Bitcoin ($BTC) could be on track to establish a major cycle bottom near $50,000 within the next two months, according to a trading analysis. The analysis, shared by TradingShot in a TradingView post on August 5, was based on the Coin Value Days Destroyed (CVDD) indicator, one of the most reliable signals for identifying long-term
Citigroup has initiated the search for a director of digital asset client solutions, signaling continued commitment to building out its institutional digital asset offerings. The role, first reported by Cointelegraph, will be responsible for overseeing digital asset products for institutional investors, including crypto custody, tokenized assets, tokenized cash, and digital collateral. Why Citigroup is expanding
Circle CEO Jeremy Allaire said the cryptocurrency market is moving beyond speculation toward a structure centered on trading tokenized assets. During Circle’s earnings call, Allaire emphasized that the market is entering a phase of transition, supporting a wide range of assets such as equities and commodities through tokenization. The company reported second-quarter revenue of $701
A Historic Crash, Triggered by a Chip Shock The KOSPI’s July decline surpassed the single-month drops recorded during the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, making it the worst month in the index’s history. The rout deepened most recently starting July 28, when news that China had begun mass production of
Binance Dominates the Futures Battlefield Binance controls the largest share of bitcoin futures open interest, according to Coinglass.com futures stats logged on Wednesday. The total value of contracts still outstanding is 148,500 $BTC worth $9.61 billion. CME ranks second at 102,840 $BTC, or $6.66 billion, after posting a 6.82% jump in just one day. MEXC
Alpaca, a provider of brokerage infrastructure for digital assets and securities, has raised $435 million in a new funding round, as reported by The Block. The investment underscores growing demand for technology that enables financial institutions to offer tokenized trading and investment services. Funding Details and Strategic Focus The round brings Alpaca’s total funding to
Cardone Capital, the U.S. real estate investment firm led by Grant Cardone, has increased its Bitcoin holdings to more than 2,800 $BTC, according to a post on X by the company’s founder. The announcement follows the acquisition of a 282-unit apartment property in Naples, Florida, which the firm says is part of a hybrid strategy