The mood among top venture capitalists at Consensus Hong Kong was not retreat, but recalibration, as the crypto market experienced a prolonged downturn. Hasseeb Qureshi, managing partner at Dragonfly, described today’s venture market as a “barbell:” On one side, proven verticals compounding at scale; on the other, a narrow set of high-risk, next-generation bets. “There’s
After crashing throughout the week, bitcoin BTC$65,997.99 bottomed late last Thursday at $60,000 before a mammoth Friday rally took the price nearly 20% higher to just shy of $72,000. That bounce, however, is looking more and more like the “dead cat” type. In mid-morning U.S. trade, bitcoin is down sharply yet again, trading just below
Network News ROBINHOOD UNVEILS BLOCKCHAIN: Robinhood debuted the public testnet for its Ethereum layer-2 blockchain with plans for broader introduction later this year as the brokerage app aims to move more trading activity onchain. The new network, called Robinhood Chain, is built on Arbitrum and is designed to support tokenized real-world assets, including equities and
Bitcoin ($BTC) has fallen to $60,000 in its recent decline, and the debate continues as to whether this level will be the bottom. Some analysts argue there is more room for decline, while others suggest it may be the bottom. At this point, the analytics company K33 Research also predicts that Bitcoin may have bottomed
The decline in Bitcoin affected all investors. However, institutional investors holding large amounts of Bitcoin suffered even greater losses. At this point, Strategy, the largest institutional Bitcoin holder, has incurred losses of approximately $5 billion. However, despite the price drops and losses incurred, Strategy continues to buy Bitcoin. Strategy founder Michael Saylor said they would
The intersection of crypto and artificial intelligence (AI) has entered a quieter, more selective phase, according to two prominent venture capitalists. Anand Iyer of Canonical Crypto and Kelvin Koh of Spartan Group described the current climate as a post-hype moment for decentralized AI protocols, with capital and talent shifting toward more focused, utility-driven applications during
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1909.89, down 2.5% (-49.09) since 4 p.m. ET on Tuesday. None of the 20 assets are trading higher. Leaders: BCH (-0.5%) and UNI (-1.2%). Laggards: APT (-4.1%) and BNB
Bitcoin price is back on shaky ground ahead of Wednesday’s nonfarm payrolls release. The 8:30 a.m. ET data drop has traders on edge, as macro catalysts often trigger sudden volatility. Table of Contents Current market scenario: Technical weakness builds Key levels to watch $BTC price prediction: What comes next? More than $250 million in leveraged
Goldman Sachs warns a hotter CPI could push the Fed back to a hawkish stance, jolting rate‑cut bets and pressuring Bitcoin and major altcoins. Summary Goldman Sachs’ Kay Haigh says resilient growth will push the Fed’s focus back toward inflation risks, not just jobs data. A stronger‑than‑expected CPI on Friday could cut the odds of
Etherium co-founder and ConsenSys CEO Joe Lubin has sparked a controversial discussion once again on the long-term security of Bitcoin. In a discussion, he cautioned that Bitcoin might have an existential issue in future. In particular, he mentioned the idea of the so-called Q Day – the point at which quantum computers will be able