This is a segment from The Breakdown newsletter. To read more editions, subscribe. “Just because you can doesn’t mean you should.” — Aristotle, your conscience, your mom, and Jurassic Park We don’t usually get data on Americans’ retirement accounts, but a congressional request once prompted the Joint Committee on Taxation to reveal just how big
Bitcoin is holding strong at around $120,000, sitting less than 3% below its all-time high of $123,180, as whales continue to accumulate large amounts of BTC. According to fresh data from Bitcoin Magazine Pro, the number of addresses holding over 100 BTC has reached a new all-time high of 18,996. The chart provided by Bitcoin
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Corporate blockchains have never looked so good. In rapid succession, news broke that both payments giant Stripe and stablecoin darling Circle would be building their own layer-1 blockchains. While major companies coming onchain theoretically poses a competitive threat to all existing L1s,
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The most-repeated words on Circle’s first earnings call as a public company came from analysts: “Congrats on the IPO.” But another prevailing sentiment related to the stablecoin issuer’s upcoming launch of a layer-1 blockchain called Arc. USDC will be the native
Several US banking groups led by the Bank Policy Institute (BPI) urged regulators to close what they say is a loophole that could indirectly allow stablecoin issuers and their affiliates to pay interest or yields on stablecoins. In a Tuesday letter to Congress, BPI warned that a failure to close the so-called loophole in the
Binance holds over 20% of Bitcoin reserves and remains the key venue for price discovery. ETFs and treasury adoption grow Bitcoin access but increase custody concentration and systemic risk. Binance has the biggest volume of Bitcoin exchange reserves. Its share hovered near 20–21% throughout the summer, and rose to 22- 23% in late July and
In the long run, Bitcoin has been tipped by the Cardano co-founder Charles Hoskinson to hit $250k. As detailed in our last analysis, the asset has also been predicted to repeat its previous run to hit $150k in the medium term. Four key events in the US, namely: Consumer Price Index, Producer Price Index, Initial
AI infrastructure provider CoreWeave posted another strong quarter and a larger revenue backlog in its latest quarterly earnings. Yet, its shares fell sharply in after-hours trading as investors focused on swelling costs and shrinking operating margins. CoreWeave’s revenue came in at about $1.2 billion, roughly triple year over year, but still booked a $290 million
Self Chain, a prominent platform offering secure and robust Web3 infrastructure, has announced its exclusive partnership with Nebulai, a leading open compute ecosystem and marketplace for decentralized AI agents. The collaboration aims to advance the accessibility of the decentralized AI network. Hence, as Self Chain mentioned in its announcement on X, the joint effort will
Bitcoin price is correcting gains below the $121,200 zone. BTC is now consolidating and might aim for a move above the $120,500 resistance zone. Bitcoin started a downside correction below the $121,200 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support