In a move signaling a significant step forward in the evolution of Bitcoin layer-2 networks, Botanix Labs has recently announced the onboarding of reputable industry giants Galaxy and Fireblocks as node operators for its innovative network. This strategic collaboration with Mike Novogratz’s Galaxy and Fireblocks, among other prominent players, marks a pivotal moment in the…
In the dynamic world of cryptocurrency trading, it is essential to pay attention to various indicators that can provide insights into market movements. One intriguing metric that has caught the attention of seasoned traders is leveraged bitcoin longs on the crypto exchange Bitfinex. This metric, known as a contrary indicator, can offer valuable clues about…
In recent years, the adoption of Bitcoin by corporations for treasury management has seen a significant uptick. The allure of diversifying assets and hedging against inflation has driven a substantial increase in corporate Bitcoin holdings. Companies are increasingly recognizing the value of incorporating digital assets into their balance sheets as a strategic financial move. The…
Truth Social, the social media platform backed by former U.S. President Donald Trump, is making waves in the cryptocurrency world with its plans to launch a spot bitcoin exchange-traded fund (ETF). This move by Truth Social signifies a significant step towards diversifying its business portfolio and capitalizing on the growing popularity of digital assets. The…
Ethereum co-founder Vitalik Buterin once again made a significant transaction using the privacy tool Railgun, demonstrating his continued support for on-chain anonymity. This recent transfer of approximately $2.6 million worth of tokens, a mix of ETH and USDC, reinforces Buterin’s belief in the importance of privacy within decentralized finance (DeFi) protocols. Railgun, a privacy-focused protocol…
Berachain, a prominent player in the blockchain space, is making waves with its latest Bectra upgrade, inspired by Ethereum’s Pectra advancements. This significant development marks Berachain as the first non-Ethereum Layer-1 blockchain to implement Ethereum’s cutting-edge execution-layer features. The Bectra hard fork, a nod to Ethereum’s recent Pectra upgrade, is set to go live, ushering…
Recent soft economic reports have stirred discussions about potential Federal Reserve rate cuts and their implications on various asset classes, including Bitcoin. The trio of underwhelming data points has led to increased speculation about the Fed’s next moves and how they might influence market dynamics going forward. The unexpected weakness in the ADP private payrolls…
In a significant move signaling a shift in traditional banking attitudes towards cryptocurrencies, JPMorgan Chase has announced its plans to accept Bitcoin exchange-traded funds (ETFs) as collateral for loans. This progressive step is set to offer trading and wealth-management clients the opportunity to utilize certain crypto-linked assets, including spot bitcoin ETFs, to secure financing. JPMorgan’s…
The U.S. House of Representatives is embarking on a significant legislative journey to establish much-needed regulations for the rapidly evolving U.S. crypto markets. The recent discussions and hearings surrounding the Digital Asset Market Clarity Act have brought the spotlight on the complexities and nuances of regulating digital assets in the country. Both the House Financial…
The Shiba Inu (SHIB) token has captured the attention of cryptocurrency enthusiasts with its recent trading patterns. Despite experiencing a surge in trading activity, the momentum seems to be limited, even as buyers rally to establish crucial support levels. Over the past 24 hours, SHIB has found strong support between $0.00001265 and $0.00001270, indicating a…
