Bitcoin has traded between $91,000 and $102,000 for over 90 days as fading institutional demand and macroeconomic pressures stall momentum, according to a Bitfinex Alpha Report released this week. Bitfinex Alpha Report—Crypto Market Contraction Deepens With Inflation, Policy Risks in Focus Bitfinex analysts noted bitcoin’s (BTC) volatility spiked briefly on Feb. 21 amid a $1.5 … Read more
Ken Griffin’s Citadel Securities plans to become a liquidity provider—meaning it’ll start trading cryptocurrencies on major exchanges like Coinbase and Binance, according to a Bloomberg report. Citadel stayed away from crypto for years because the regulations sucked, but now that President Donald Trump is making America the “crypto capital of the planet,” they think it’s … Read more
The House bill, which proposed allowing the US state to invest in Bitcoin, was deferred until after the legislative session ended.
Fermion Protocol, a real world asset or RWA application built on Ethereum layer-2 network Base, is launching its services by fractionalizing a Dolce & Gabbana digital suit that was purchased for $1 million. The Glass Suit, part of the Italian fashion brand’s Collezione Genesi, was originally won in an auction by Boson Protocol in 2021. … Read more
After amassing some 300 million players last year in a tap-to-earn bubble that made unexpected waves across the mainstream, Telegram game Hamster Kombat dropped its HMSTR token on The Open Network (TON) last September—to mostly negative reviews from recipients. And then it just sort of… disappeared. What was planned to be a couple-weeks-long “interlude” gameplay … Read more
Crypto asset management firm CoinShares says institutional whales pulled hundreds of millions of dollars out of crypto investment vehicles last week. According to CoinShares’ latest Digital Asset Fund Flows Weekly Report, last month’s US presidential inauguration had a negative impact on investor sentiment last week. “Digital asset investment products saw outflows totaling US$508m last week, … Read more
KIP Protocol has released an official statement denying any involvement in the controversial LIBRA token launch. The company clarified that it did not initiate or profit from the project and is prepared to take legal action to protect its reputation. No Profits or Prior Knowledge of LIBRA Token Launch KIP Protocol has distanced itself from … Read more
Miners are embracing adjacent business lines to offset pressure on core mining margins from the April 2024 halving.
We are now moving in a completely different direction, at least in the crypto industry under the new pro-crypto government. There is some huge news surrounding the new president of the United States, Donald Trump. This news promises to change the crypto industry forever. Since the election, the price of Bitcoin and other popular cryptocurrencies … Read more
Sony, Coinbase, Kraken and Sam Altman’s World are all building on Optimism’s OP Stack.