In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As $XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection.
In brief Meme stock traders on Reddit have put their efforts behind fast-food chain Wendy’s. Shares in the firm have bounced over 25% on Wednesday amid a surge of posts seeking to “save” the franchise. Even after the daily spike, WEN shares have fallen 66% in the last five years. Bitcoin is sinking Wednesday, but
Bitcoin ($BTC) has fallen 3% over the past 24 hours, trading into a dense buy-side liquidity zone after slipping below $61,000. More than $525 million in buy bids initially stacked between $60,500 and $61,500 created a key area of demand as liquidation risk builds on both sides of the market. $BTC’s orderbook data shows concentrated
Cambrian, a startup developing blockchain data infrastructure tailored for institutional clients and autonomous AI agents, has raised $6 million in a new funding round. The investment, reported by The Block, was co-led by asset management giant Franklin Templeton and venture firm Polychain Capital, with additional backing from Flow Traders, Selini Capital, Paper Ventures, and Nomad
In brief 21Shares predicted that Bitcoin’s four-year cycle would fall in 2026, but conceded that it hasn’t yet. The firm indicated the market cycle has changed, however, pointing to a less severe drawdown and no complete capitulation as $BTC trades below $60,000. It also forecasted significant growth for crypto ETF assets under management (AUM) and
Bitcoin ($BTC) hit new two-week lows at Wednesday’s Wall Street open as traders predicted a rally to a “poor” lower high. Key points: Bitcoin price action edges closer to range lows, which traders still see holding. A relief bounce should enter soon, they say, with targets closer to $70,000. US-Iran peace progress has little bullish
Payward, the parent company of cryptocurrency exchange Kraken, has led a $20 million Series A funding round for Onyx Odds, a prediction market application that allows users to trade outcomes of sporting events like financial instruments. The round values Onyx Odds at $220 million, according to a report by The Block, marking a significant valuation
The top altcoin projects in the cryptocurrency market based on weekly active users have been revealed. According to the latest data, $BNB Chain tops the list with 14.4 million weekly active users. $BNB Chain is followed by Tron with 8.9 million users and Solana with 7.9 million users. The data is based on the number
Stablecore, a digital asset infrastructure provider for financial institutions, has launched an early-access program for US credit unions, a move aimed at helping smaller lenders evaluate stablecoins and other blockchain-based financial services before broader adoption. The program announced on Wednesday is in collaboration with Circuit, a credit union service organization (CUSO) focused on research and