Bitcoin filled one of two new futures gaps with a trip below $90,000 as analysis predicted a potential bottom level for the next BTC price cycle. Bitcoin (BTC) dipped below $90,000 Thursday as market participants see a classic short-term target coming next. Key points: Bitcoin dices with the 21-day moving average trendline as it fills … Read more
Changpeng “CZ” Zhao-backed YZi Labs has escalated its campaign against CEA Industries over a newly adopted poison pill (a defensive tactic a company’s board uses to make a hostile takeover extremely difficult or expensive), and bylaw amendments that it claims are “stockholder-unfriendly” and intended to entrench the current board. The investment firm, backed by Binance … Read more
BitMine Immersion Technologies, the largest known corporate holder of ether, resumed purchases of the cryptocurrency in the new year, signaling continued confidence in Ethereum even as some analysts expect near-term price weakness. BitMine bought $105 million worth of Ether (ETH) in its first reported acquisitions of the new year, according to a Wednesday X post … Read more
Financial authorities in India have reiterated concerns over cryptocurrency transactions, warning they may complicate tax enforcement. India’s Income Tax Department (ITD), under the Central Board of Direct Taxes (CBDT), flagged major risks linked to crypto activity during a parliamentary standing committee on finance, The Times of India reported on Thursday. The warning came during a … Read more
Wyoming’s Frontier Stable Token (FRNT), the first stablecoin issued by a US state, is now available to the public following delays caused by lingering regulatory hurdles. Governor Mark Gordon said on Wednesday that it is “the first fiat-backed, fully-reserved stable token to be issued by a public entity in the United States.” He added that … Read more
Anthropic, the company behind the popular artificial intelligence chatbot Claude, is reportedly raising $10 billion and aiming for a valuation of $350 billion. Singapore’s sovereign-wealth fund, GIC, and Coatue Management plan to lead the new round of financing, The Wall Street Journal reported on Wednesday, citing people familiar with the matter. The $350 billion valuation … Read more
The entire Electric Coin Company team behind privacy-focused cryptocurrency Zcash has split from Bootstrap, the nonprofit created to support the token, and plans to create a new company, according to CEO Josh Swihart. “Over the past few weeks, it’s become clear that the majority of Bootstrap board members […] Specifically Zaki Manian, Christina Garman, Alan … Read more
US investment bank Morgan Stanley may be positioning itself so that even if its newly announced spot Bitcoin exchange-traded fund (ETF) underperforms, it will still deliver strategic benefits across the firm, according to ProCap chief investment officer Jeff Park. “Morgan Stanley is making the bet that even if their ETF doesn’t scale to blockbuster success, … Read more
Social media buzz around memecoins has jumped since the start of the year, matching the rise in market capitalization, which analysts say could mean risk appetite has returned to crypto. Several memecoins have recently posted strong gains, and a speculative rally pushed the market value of memecoins up, which caught traders’ attention and sparked a … Read more
Solana Mobile said its highly anticipated SKR token will launch on Jan. 21, with Solana Seeker smartphone users in the running to claim up to 20% of the token via airdrop. Solana said on Wednesday that SKR would launch on Jan. 21 at 2 am UTC, letting users delegate their tokens to “Guardians” who will secure … Read more