Glassnode’s latest weekly report highlights similarities between current market conditions and the early stages of the 2022 bear market, also known as crypto winter. The first metric that suggests stress is the elevated risk of top buyer capitulation. Glassnode’s Cost Basis of Supply Quantiles, which tracks the cost basis of supply at top buyers, shows […]
Bitcoin Price (BTC) Analysis: Crypto Winter Parallels Read More »
With the Bank of Japan (BOJ) expected to raise interest rates next week, some observers are concerned that the Japanese yen could rise, triggering an unwinding of “carry trades” that are crushing bitcoin. However, their analysis overlooks the actual positioning of the currency and bond markets and misses the nuance and far more likely risk
Debunking The Yen Carry Trade Relax Alarms Read More »
Congressional panels have advanced nominations for regulators who will deal with crypto, but the full Senate has not yet confirmed them. We are also running out of time for market structure. PS: I will be in Washington, DC for the Blockchain Association Annual Summit. I’d love to say hello if you’re there. You’re reading State
Crypto Mode: End of the Month Read More »
The euro stablecoin market has bounced back in the year since the European Union’s (EU) Markets in Crypto-Assets Regulation (MiCA) came into effect, with market capitalization doubling after the rules for tokens rolled out in June 2024, according to a new report. The “Euro Stablecoin Trends Report 2025” from London-based payment processing firm Decta points
Single currency pegged tokens rise after MiCA rollout. Read More »
Major French banking group BPCE is set to start offering crypto trading services to retail clients through its Banque Populaire and Caisse d’Épargne apps from Monday. Customers of four regional banks, including Banque Populaire Île-de-France and Caisse d’Épargne Provence-Alpes-Côte d’Azur, will be able to buy and sell bitcoin BTC$89,714.39ether ETH$3,050.49solana SUN$132.95and USDC directly through their
French banking giant BPCE rolls out crypto trading for 2M retail customers Read More »
Special purpose acquisition company (SPAC) Columbus Circle Capital (BRR) and ProCap BTC — led by Anthony Pompliano and after raising more than $750 million to build a bitcoin tax firm — closed their merger late Friday. The combined company has been renamed ProCap Financial and will begin trading on the Nasdaq under the symbol BRR
BRR SPAC Deal closed Friday Read More »
Two long-dormant bitcoin wallets tied to physical Casascius coins moved a total of 2,000 BTC, worth about $180 million after more than a decade of inactivity. The coins had been untouched since 2011 and 2012, when bitcoin traded for less than $15 against today’s price of just $90,000. The move was confirmed by a blockchain
Two Casascius coins with 2,000 BTC moved after 13 years of inactivity Read More »
Over a long enough time frame, every long-term valuation model for bitcoin has eventually been broken, but the one that has preserved the strongest narrative in this cycle has been the power law model. Historically, in previous cycles, bitcoin has tended to exceed this model during bull markets and fall below it during bear markets,
Is Bitcoin Breaking Its Last Surviving Valuation Model? Read More »
Coinbase Institutional has said crypto markets could be poised for a rebound in December, citing improved liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin BTC$89,923.31. In a market note shared Dec. 6, the firm pointed to rising odds of a rate cut by the Federal Reserve next week, now
Crypto Tailwinds on Tap: Coinbase Read More »
In a perfect world, the Internet works like tap water: you turn it on and it flows. Hassle-free. Nobody really wants to think about a ‘better connection point’, SIM card or the nearest cell towers. Users just want a fast, stable connection wherever they are. The good thing is that they quietly get it without
When your mom can use DePIN, mass adoption has arrived Read More »
