Bitcoin’s failed attempt to recover above $90,000 has eroded investor confidence, sending bearish sentiment flying. Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, have raised their expectation of Bitcoin crashing to $69,000 from 22% to 30% in less than 24 hours. This probability has grown from a mere 11.6% last Thursday, highlighting
Shares of BitGo (BTGO), which went live on the New York Stock Exchange (NYSE) on Thursday, are down 12% midday on Friday, largely underperforming other crypto stocks. The stock, which traded as high as $24 following its IPO at $18 per share, was last changing hands at $16.53, down 8% from that IPO price. After
CertiK, a New York based Web3 security firm, is preparing a roadmap toward a public listing. Founder Gu Ronghui said in an interview with CBS that the company is actively pursuing plans to go public and aims to become the leading Web3 infrastructure stock. The move follows a strategic investment from Binance, which has become
UBS Group AG, the world’s leading wealth manager, is considering allowing select wealthy clients to invest in crypto assets, starting with Bitcoin and Ethereum, as it evaluates partners for a potential digital asset rollout, Bloomberg reported Friday, citing people familiar with the matter. UBS may begin offering crypto services in Switzerland, with potential expansion to the
ETF flows shifted sharply on January 22. While Bitcoin and Ethereum funds saw heavy outflows, XRP and Solana quietly pulled in new money. Data shows XRP spot ETFs recorded $2.09 million in net inflows. Solana spot ETFs added another $1.71 million. At the same time, Bitcoin spot ETFs lost $32.11 million. Ethereum spot ETFs saw
Bitcoin BTC$89,682.56 on Friday once again started the U.S. session with a sharp move lower, tumbling back to $88,500 even as precious metals continued breakneck rallies, with silver topping $100 per ounce for the first time ever. Gold was just shy of $5,000 per ounce, while platinum soared 5% to a new all-time high. Not
If bitcoin (BTC) had rallied as much as gold over the past 12 months, it would currently be trading at $184,000. Over the past 12 months, BTC has declined 12.3% while gold has rallied 80%. However disappointing that math might be for investors, the real numbers are even worse. Rather than swapping the percentage directly,
Farcaster founder Dan Romero has said that his decentralized social media firm “isn’t shutting down” after rumors of its closure circulated following Neynar’s acquisition of the platform. Romero dispelled the rumors yesterday in a post on X which also clarified that Merkle Manufactory, a contributor to the Farcaster protocol, will return the $180 million it
Changpeng Zhao (CZ), the founder and former CEO of Binance, made noteworthy statements about his career and the future of the crypto sector in an interview given during the World Economic Forum in Davos, Switzerland. Zhao said he no longer has the same motivation to start new ventures as he did in the past. Zhao