Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve
After the less than ideal outcomes of this summer’s Tornado Cash trial and the Samourai Wallet case, it’s more important than ever to protect peer-to-peer (P2P) transaction rights. This is why the Bitcoin Policy Institute has joined forces with Save Our Wallets, CoinCenter, the Bitcoin Design foundation and regional Bitcoin hubs throughout the United States
Mirae Asset Global Investments and Ava Labs, the developer behind the Avalanche blockchain, signed a memorandum of understanding (MOU) on Thursday to jointly develop fund tokenization and on-chain operation and settlement systems, the firms said. Avalanche said on X (formerly Twitter), “By combining Mirae’s $316B scale with Avalanche’s institutional-grade blockchain, the two firms aim to
Asset managers from New York to Seoul rush to launch products as Asia’s retail investors drive soaring demand for US tech stocks. Asia’s hunger for US tech stocks is rising, with retail investors from Taiwan and South Korea flooding into new ETFs. Leading the way is JPMorgan Asset Management. Earlier this month, JPMorgan introduced a
Warren Buffett has dumped Berkshire Hathaway’s stake in one Tesla (TSLA) rival, securing massive profits after holding the shares for more than a decade. New SEC filings show Buffett has sold off all its holdings in the Chinese electric vehicle (EV) maker BYD, after taking a stake in the firm about 17 years ago. Berkshire
Crypto faces a critical test this week as the quarterly options expiry collides with a key U.S. inflation reading, a convergence that could determine whether the rally gains momentum or falters. Roughly, $22.3 billion in crypto options will expire as the third quarter comes to a close on Friday, according to options exchange Deribit. Out
Bitcoin price extended losses after it traded below $112,500. BTC is now consolidating losses and might decline again to test the $108,500 support zone. Bitcoin started a fresh decline below the $112,500 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance
Bitcoin (BTC) treasury companies that raised capital through PIPE (private investment in public equity) deals face mounting pressure as share prices gravitate toward their discounted issuance levels, creating potential losses of up to 55% for current investors. According to a Sept. 25 repnort by CryptoQuant, the pattern appears consistent across multiple companies that used PIPEs
Sony Bank has established BlockBloom Inc., a wholly owned subsidiary that will develop Web3 services, including digital assets, NFTs, and blockchain infrastructure. Announced on Thursday, the move follows plans disclosed in July. The subsidiary will operate under Japan’s regulated framework for digital assets and plans to integrate blockchain technology into the bank’s services. Sony Bank
Bion, a Web3 shopping platform, has announced its strategic partnership with Customer Relationship Management (CRM), a digital asset trading platform. The basic purpose behind this partnership is to make Web3 shopping easy with a crypto payment method all over the world, by offering smarter credit and lending through real-world utility. Bion app set to provide