There is a buying frenzy in the gold market that has propelled the price of the precious metal by more than 80% over the last 12 months, making it one of the best-performing assets. However, investors aren’t paying attention to a hidden threat that is forming beneath the surface, according to Björn Schmidtke, CEO of … Read more
The Federal Reserve is set to announce its rate decision, and almost no one expects it to cut rates. However, traders will be paying very close attention to Chairman Jerome Powell’s post-meeting press conference, which could hold the real intrigue. His take on what to expect in the coming months and on recent hot topics, … Read more
The hashrate of FoundryUSA, a digital asset advisory firm with the world’s largest Bitcoin (BTC) mining pool, has curtailed its hashrate by about 60% since Friday in response to the severe winter storm impacting large swaths of the United States. “Bitcoin hashrate on FoundryUSA alone is down by nearly 200 exahashes per second (EH/s), or … Read more
Strive (ASST), a bitcoin treasury and asset management company, is using perpetual preferred equity to retire convertible debt and restructure its balance sheet, a method that could offer a template for Strategy (MSTR) in the future. On Thursday, the company priced a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock SATA (SATA), … Read more
Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal. Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. After years of experimentation as the wider crypto … Read more
The biggest threat to the Bitcoin network is “ambitious opportunists” who want to push through protocol changes, according to Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy. Saylor’s comments sparked a debate online. Bitcoin maximalist Justin Bechler said the comments were directed toward software developers pushing for non-monetary use cases on Bitcoin, such … Read more
Bitcoin (BTC) saw multiday lows into Sunday’s weekly close as bulls faced a week of macro uncertainty. Key points: Bitcoin heads lower as market nerves about upcoming macroeconomic volatility catalysts boil over. Downside risks firmly outweigh the odds of upside, BTC price analysis says. A potential bullish divergence against silver offers a glimmer of hope. … Read more
XRP sank nearly 4% as bitcoin dropped under the $88,000 mark on Sunday, ahead of a busy week with the Federal Reserve’s two-day FOMC meeting starting on Wednesday and major technology players announcing earnings. News background The consolidation came as spot XRP ETFs recorded their first meaningful weekly outflows since launch, totaling roughly $40.6 million, … Read more
Bitcoin slipped below the $88,000 level on Sunday as crypto markets weakened in thin weekend trading, extending a pullback that has weighed on the crypto market over the past week. BTC traded around $87,800 in U.S. afternoon hours, down roughly 2% over 24 hours, according to CoinGecko data. Ether fell toward $2,880, while solana, XRP … Read more
Tezos, a layer-1 proof-of-stake blockchain network, implemented its latest protocol upgrade, Tallinn, on Saturday, which reduced block times on the base layer to 6 seconds. The latest upgrade is the 20th update to the protocol, which reduces block times, slashes storage costs and reduces latency, resulting in faster network finality times, according to an announcement … Read more