On-chain inflows continue to surge, and traditional rails are experiencing mass inflows. The trend is well illustrated by exchange-traded product (ETP) provider WisdomTree’s real-world asset (RWA) fund — the WisdomTree Government Money Market Digital Fund (WTGXX) has exploded in value over the last three months, reaching new highs last week. WTGXX, which represents tokenized U.S.
Bitcoin Pulls Back After Fresh All-Time High The new trading week opened with volatility as $Bitcoin slid from its recent all-time high of $124,496 back down to $115,000, a drop of nearly 8% from peak to trough. At its lowest point, Bitcoin touched $114,700 before stabilizing around the $115K zone. BTC/USD 1-hour chart – TradingView
In the United States, the accumulation of a strategic reserve of Bitcoin is primarily based on seizure and confiscation activities, usually following legal actions related to financial or cyber crimes. According to data collected by federal agencies and major news outlets, from 2013 to today, an institutional purchase of Bitcoin by the federal government has
Stablecoin issuer Circle (CRCL) has acquired Malachite, the consensus engine that is set to underpin payments-focused blockchain Arc, from software development firm Informal Systems, according to a Monday press release. Several people from Informal Systems will join Circle as part of the acquisition. The firms didn’t reveal details about pricing. The deal comes as Circle,
While Bitcoin undergoes a correction, industry observers are again calling for a historic comeback that could push its price toward $600,000. Over the past few days, Bitcoin entered a cooling phase after hitting a new peak of $124,450 last week. The leading crypto retraced to $114,723 earlier today before recovering slightly to $115,300 at press
Strategy’s (formerly MicroStrategy’s) aggressive Bitcoin playbook rolled on this week with another nine-figure purchase just announced by none other than Michael Saylor. However, it was the remark that came with it that caught the eye. Chaitanya Jain, Bitcoin strategy manager at the company, reinvented the old crypto joke on social media and stated that the
Over the past few days, investors have been re-engaging with the most simple criticism of Michael Saylor’s massive bitcoin treasury company, MicroStrategy (MSTR). On Reddit, YouTube, Nostr, and X, fans and skeptics are fighting over whether MicroStrategy is a Ponzi scheme. Andy Constan triggered the latest round of this multi-year debate when he earned hundreds
The most important event this week for Bitcoin (BTC), cryptocurrencies and global markets will be the Jackson Hole meeting. The meeting, held every year in Jackson Hole, Wyoming, USA, is closely followed by the banking industry. The meeting, attended by representatives of central banks from developed and developing countries around the world, will be held
The digital ruble is expected to bring Russia’s economy some $3 billion or more annually in the first five years of its introduction, according to a new estimate presented in Moscow. While banks are set to initially lose billions of rubles due to the digital cash, businesses will benefit right off the bat, claim Russian
The market reacted as long-term Bitcoin holders awakened to move billions of dollars’ worth of BTC over the weekend. A prominent market analyst highlighted this in a recent commentary on the back of an unexpected bearish turn of events for Bitcoin. The crypto leader’s short-lived push to $118,000 on Sunday sparked optimism, but BTC quickly