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Bitcoin rose 2% Monday before easing, while crypto liquidations totaled $274.63 million in 24 hours, per CoinGlass. The move followed a weekend of range-bound trade and kept the price near the $107,000 support area. Bitcoin set an all-time high near $123,000 on Aug. 14 and has drifted lower through late August, a backdrop that framed Monday’s quick jump toward $110,000 before giving back part of...
Cardano founder Charles Hoskinson has outlined plans to pursue partnerships with major protocols, including Aave, Chainlink, and World Liberty Financial’s USD1 stablecoin. In an Aug. 31 Ask Me Anything (AMA) session, Hoskinson argued that such integrations are crucial for strengthening Cardano’s ecosystem and ensuring the blockchain remains competitive in the industry. He said: “I’d like USD-1, I...
Recent data from Bitcoin and gold ETFs revealed a departure from historical trends this month: instead of flows moving in opposite directions as they normally do, both Bitcoin and gold experienced outflows at the same time. This rare correlation speaks volumes about the current macroeconomic environment and shifting investor psychology. Bitcoin outflows didn’t benefit gold, and until the Fed’s...
The debate about Bitcoin as a method of payment versus a store of value is ongoing. With prices consistently above $100k, the relentless push from ETF issuers and Bitcoin treasury companies, and the inevitable institutionalization of the space, using Bitcoin for small payments seems more alien than ever. But is Jack Dorsey right in saying that Bitcoin fails if it’s only a store of value and not...
Bitfinex-backed Plasma announced a strategic partnership with EtherFi on Aug. 29, positioning the stablecoin-focused neobank as a day-one launch partner for the blockchain’s mainnet beta. EtherFi will transfer over $500 million from its Ethereum (ETH) staking vault to Plasma’s platform, providing liquidity for stablecoin-backed yield strategies. The collaboration integrates EtherFi across Plasma’...
Tether abandoned plans to freeze its dollar-pegged USDT tokens on several older blockchains and is choosing instead to classify them as “unsupported,” according to an Aug. 29 statement. The change applies to networks such as Bitcoin Cash, Kusama, EOS, and Algorand, among others. Users will still be able to move tokens across wallets, but Tether will no longer issue or redeem USDT on those...
BlackRock’s iShares Ethereum (ETH) Trust ETF (ETHA) recorded $1.244 billion in weekly inflows from Aug. 18-22, ranking second among all 4,400-plus ETFs tracked during the period. NovaDius Wealth president Nate Geraci noted in an Aug. 29 post via X that only Vanguard’s S...
Eliza Labs and founder Shaw Walters filed a federal antitrust lawsuit against social media platform X on Aug. 27. According to the lawsuit, the plaintiffs are alleging that the social media platform fraudulently extracted technical information about their AI agents before deplatforming them and launching competing products. The complaint seeks damages exceeding $75,000 and immediate restoration...
Bitwise Chief Investment Officer Matt Hougan said Solana could soon set new all-time highs, mirroring Bitcoin and Ethereum’s record runs earlier this year. Hougan argued that SOL is set to benefit from the same forces that propelled BTC and ETH to new highs this cycle, namely exchange-traded fund (ETF) inflows, large capital firms entering the market, and simple, compelling narratives that...
Bitcoin (BTC) holding patterns suggest a potential resumption of the uptrend starting in late September 2025, as long-term accumulation data reveals evolving market dynamics driven by institutional adoption and policy catalysts. CryptoQuant Korean Community Manager Crypto Dan’s analysis reveals that the current cycle differs from previous bull markets due to extended timeframes and flattening...