Business – Page 297

Almost 600,000 BTC shot up between $60K and $70K in the latest correction

Bitcoins BTC$70,816.15 recent drop sparked heavy trading activity, with nearly 600,000 BTC changing hands in the $60,000-$70,000 range, according to blockchain data tracked by Glassnode. In other words, traders went bargain hunting and got almost 600,000 BTC ($42.48 billion) in this price band during the correction. Of these, more than 200,000 BTC were accumulated in […]

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Massive leveraged bets show crypto traders are convinced this week’s rally is the real deal

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Crypto traders on perpetuals exchange Hyperliquid are placing increasingly aggressive leveraged bets that bitcoin will break above $75,000 after a strong rally at the start of the week. Bitcoin rose to around $71,000 on Tuesday, up from around $65,000 when BTC futures opened on Sunday evening. The move has reignited calls for a retest of

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Stablecoins are starting to reshape payments and banking, says Macquarie

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Stablecoins are evolving from a niche crypto trading tool to a potential layer of global financial infrastructure, according to Australian investment bank Macquarie. While most US dollar-denominated stablecoin activity, mainly in Tether’s USDT and Circle’s USDC, still comes from crypto trading, which accounts for around 90% of volume, the bank said adoption is expanding across

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Jito Foundation acquires and revives SolanaFloor after closing over $27 million in leverage

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The Jito Foundation announced its acquisition of SolanaFloor, a data platform and news site focused on the Solana blockchain, and plans to relaunch the publication after its recent shutdown. SolanaFloor went out of business last month after a $27 million takeover involving its parent organization, Step Finance. The team considered external funding and acquisitions, but

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Solana ETFs find institutional backing, while XRP funds rely more on retail

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US exchange-traded funds linked to Solana (SOL) and XRP (XRP) are attracting investors despite falling crypto prices, although the two products attract very different types of buyers. Solana ETFs are seeing stronger participation from institutional crypto investors, while XRP funds appear to be relying more on retail demand, according to a new report from Bloomberg

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Vitalik Buterin pushes ‘DVT-Lite’ to make validator setup easier

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The Ethereum Foundation is testing a method for running validators that could make it significantly easier for institutions holding large amounts of ether to establish staking infrastructure, expand the pool of participants, and create a more decentralized network. In a post on X, blockchain co-founder Vitalik Buterin said the fund is using a simplified version

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Bitcoin hits $71,500, CRCL, BTGO, FIGR rally as oil shock fears fade

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Cryptocurrencies extended their gains on Tuesday as they eased concerns about a potential oil supply shock and improved risk sentiment across global markets. The shift in sentiment came after the International Energy Agency (IEA) said it would call an extraordinary meeting of its member countries to consider releasing emergency oil reserves. Bitcoin BTC$69,874.28 climbed above

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DeFi lending platform Aave sees $27 million in liquidations after wstETH price glitch

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About $27 million was liquidated on decentralized lending platform Aave over the past 24 hours in what some market participants say may have been caused by a temporary price issue involving the wstETH token. Blockchain data flagged by risk management firm Chaos Labs shows an increase in liquidations in the past 24 hours. Some observers

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Crypto should not “die on the hill” of stablecoin yields, says Rick Edelman

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Latest developments: Edelman told CoinDesk’s Jennifer Sanasie on Markets Outlook that the dispute over whether stablecoins can offer returns threatens progress on market structure legislation. Banking groups argue that allowing stablecoin issuers to offer returns would raise deposits from traditional banks. Edelman said banks oppose the provision mainly because stablecoins pose a competitive threat to

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Circle (CRCL) May Collect Another 60% Driven by Stablecoin Adoption, AI Agent Funding: Bernstein

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Shares of Circle (CRCL), the crypto firm behind the USDC (USDC) stablecoin, could add to their recent remarkable rise, according to analysts at brokerage Bernstein. The team, led by Gautam Chhugani, rates the stock as Outperform with a price target of $190, suggesting about 60% upside from the current $120 level. And that’s after the

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