Bitcoin drops to $59k as bulls lose momentum
The broader US stock market followed the crypto market’s trend, with the tech-heavy Nasdaq erasing its earlier gains. Bitcoin (BTC) lost the momentum it had gained over the past day…
FTX
Bitcoin plunges over 6% to $58,000 before beginning to recover
Bitcoin (BTC) dropped over 6% on August 27, hitting a low of $57,880 before beginning a modest recovery. Most of the losses occurred within an hour after Bitcoin fell below…
State of Wisconsin increases exposure to Bitcoin in Q2 via BlackRock ETF
In a new filing with the SEC, the SWIB reported holding more IBIT shares and none of the previously reported GBTC shares. The State of Wisconsin Investment Board (SWIB) reported…
Hong Kong crypto ETFs face systemic market obstacles, says an OSL executive.
The construction of Hong Kong value markets doesn’t help the development of crypto ETFs, Hong Kong crypto trade OSL’s Gary Tiu said. Crypto ETFs likewise face “intrinsic predisposition” against Bitcoin…
Tether’s USDT and Circle’s USDC Consolidated Supply Developed $3B In the midst of Crypto Market Bounce back
Stablecoins serve a critical job in the crypto space, and their extending supply is typically an indication of the soundness of the more extensive market. The stock of the two…
Solana ETFs ‘Inevitable’ in US After Brazil Approval, Says VanEck Exec
Solana is the next big target for spot ETF issuers in the United States, but does approval in Brazil mean it’ll happen soon in America? After Bitcoin and Ethereum spot…
PYUSD market cap rises 150% following Solana launch
PayPal’s stablecoin participation on both Ethereum and Solana ecosystems are practically evenly split, as PYUSD inches close to $700 million. PayPal USD (PYUSD) market cap leaped by 150% since its…
Tether’s USDT supply surpasses $115 billion amid crypto market resurgence
Tether is set to grow its compliance team as part of its workforce expansion strategy. Tether’s (USDT) stable coin has reached a historic milestone of exceeding $115 billion in supply,…
Bitcoin’s Latest Casualty: Miner Reserves Plunge to 3-Year Low, What’s Next For BTC?
Amid Bitcoin (BTC) continuous struggle for a major rally to new heights, miners powering the Bitcoin network are experiencing significant economic shifts. Particularly, recent data shows a stark reduction in…
Bitcoin Crash Casts Shadow Over US Strategic Reserve Plan
Recent BTC price volatility calls into question the wisdom of a proposed federal Bitcoin strategic reserve. Several U.S. politicians, including Donald Trump and Robert F. Kennedy Jr., have floated the…
