While the debate continues about whether Bitcoin has reached its bottom after the sharp sell-offs in the cryptocurrency market in recent weeks, André Dragosch, Head of Research at Bitwise Europe, made some noteworthy assessments. According to Dragosch, Bitcoin risks a further 20% drop from current levels, and in the worst-case scenario, the price could fall
Major global institutions and asset managers are not waiting for a single stablecoin to dominate the market. Instead, they are pushing for a regulated, interoperable infrastructure that allows seamless movement between deposit tokens and money market funds (MMFs), according to Thomas Eichenberger, Chief Strategy Officer at digital asset bank Sygnum. Institutional Demands Are Clear Speaking
Grayscale Investments, a prominent digital asset management firm, has been recognized on Fortune’s first-ever ‘Crypto 100’ list, a ranking of the most influential companies shaping the cryptocurrency and blockchain ecosystem. The company announced the honor via its official X account, expressing gratitude for being included among the firms driving the future of the digital asset
Michael Saylor, founder of Strategy, one of the world’s largest institutional Bitcoin investors, has clarified the long-debated “never sell” adage. Speaking at a Bitcoin event in Prague, Saylor stated that the company could sell some of its Bitcoin holdings if deemed necessary, emphasizing that his past statements were directed at individual investors. Responding to criticism
Bitcoin analysts observing the cryptocurrency’s recent behavior think a major move is imminent, but the direction of the move is yet uncertain. Bitcoin’s Symmetric Triangle Renowned cryptocurrency technical analyst, Ali Martinez, says Bitcoin is bound to break out of a symmetrical triangle soon. The analyst highlighted a pattern on Bitcoin’s 4-hour chart, showing how the
HashKey Holdings Limited approved a share repurchase plan of up to HK$100 million as its Hong Kong-listed stock rebounded after recent pressure. HashKey clears HK$100M buyback plan HashKey Holdings Limited, listed under stock code 3887, said its board approved an on-market share repurchase plan after the mandate passed at its annual general meeting on June
In a bold move to achieve a greater level of interoperability and enable users to connect their liquidity across multiple chains, ENI, a high-performance, enterprise-grade, modular Layer-1 blockchain, today entered into a strategic partnership with NerveNetwork, a decentralized cross-chain platform. This collaboration enabled ENI to integrate NerveNetwork’s cross-chain tech solution to provide multi-chain support for
Larry Fink’s BlackRock (NYSE: BLK) is trying to buy at least $5 billion of SpaceX stock before the rocket company starts trading as soon as tomorrow, putting one of Wall Street’s biggest money managers right in the middle of the IPO frenzy. Before SpaceX, the largest IPO of the year belonged to the chip-maker Cerebras,
The Bitcoin market continues to take a hit, and investors both big and small are heavily feeling the ongoing market pressure, which has caused its price to drop to $61,000. The amount of $BTC in profit territory is steadily dropping following the recent decline in price, putting the market in a more bearish condition. Supply