Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years. In a Saturday X post, Pandl argued that the move may restore market confidence in the company’s capital structure. Contrary to his hopes, … Read more
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The ongoing artificial intelligence stock frenzy has pulled in capital from across the market, from traditional metals, considered the safest assets, to crypto, considered the riskiest. Gold dropped below $4,000 for the first time since November earlier this week, silver has lost more than half its value from its high, and bitcoin has slipped to … Read more
Yuma, a Digital Currency Group-backed investment company, has launched a fund that gives institutional investors diversified exposure to the Bittensor ecosystem, as asset managers expand investment products tied to decentralized AI. According to a Thursday announcement, the Yuma Total Market Fund provides exposure to Bittensor’s native TAO token and a basket of AI-focused subnets through … Read more
Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time. The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s security depends on more … Read more
Bitcoin (BTC) is showing fresh signs of short-term holder capitulation after roughly 50,000 BTC moved to exchanges at a loss over the past day. At the same time, the market capitalization of short-term holders fell to $237.7 billion, its lowest level since October 2024. The rise in loss-driven selling comes as tighter monetary conditions and … Read more
A broad selloff in technology stocks has weighed even more heavily on crypto-focused companies, highlighting a growing divergence between digital asset equities and the broader US stock market. Shares of Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72%, respectively, from their all-time highs. Those declines exceed the drawdowns seen in several major technology … Read more
On Thursday as well, Specter Analyst, another blockchain intelligence platform, said on Thursday that “It appears there may be a phishing attack targeting Polymarket users, with estimated losses of $2.94M so far.” One of the victims of the hack, Ash, on X wrote that his wallet had been hacked and had no idea why at … Read more
Dogecoin and Hyperliquid’s HYPE led the week’s losses across crypto, falling near 10%, as money kept flowing toward stocks tied to the artificial-intelligence boom and away from major tokens. Dogecoin slid 9.6% over seven days to about $0.076 and HYPE lost 9.9%, the steepest falls among the majors. Ether dropped 8.4% to about $1,581 and … Read more
Ripple CEO Brad Garlinghouse said he remains bullish on bitcoin but that Michael Saylor’s approach to funding bitcoin purchases has damaged the broader crypto market, in a CNBC interview on Friday, as the preferred stock at the center of Strategy’s model fell to a record low. “Financial engineering does not drive long-term value,” Garlinghouse said, … Read more