Business

Bitcoin has underperformed a bet tracking the chance of Jesus Christ returning this year

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Traders on the prediction market Polymarket have doubled the implied odds of the second coming of Jesus Christ before the end of the year, making one of the platform’s foreign contracts a better performer than bitcoin. The market, titled “Will Jesus Return in 2026,” traded around 4 cents on Friday, implying a roughly 4% chance. […]

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BTC is seeing accumulation across all cohorts, according to Glassnode

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As February began, bitcoin was trading around $80,000, with whales dipping their toes in as retail investors raced for the exits. Just a week later, bitcoin fell to $60,000 on February 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors begin to see value. This change

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BTC’s downside volatility is a feature, not a crisis, hedge funders say

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Bitcoin’s sharp decline – nearly 50% from its record highs reached just months ago – has reignited debate over the cryptocurrency’s stability, but hedge fund veteran Gary Bode says the selloff is a feature of the asset’s inherent volatility rather than a sign of a wider crisis. In a post on X, Bode noted that

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Why machine-to-machine payments are the new electricity for the digital age

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We are moving towards an economic system where software and devices trade with each other without human involvement. Instead of simply carrying out transactions, machines will be able to make decisions, coordinate with each other and buy what they need in real time. Sensors and satellites will sell data streams after another. Factories will price

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Cardanos (ADA) Hoskinson is not selling after losing $3 billion in a market crash

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ADA$0.2737 Founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, providing a rare look at his personal exposure during a period of sharp declines. Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by foreclosures and falling prices in an

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Forward Industries (FWDI) is well positioned to consolidate the financial sector for digital assets

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Nasdaq-listed Forward Industries (FWDI) is uniquely positioned to consolidate the downbeat digital assets treasury space because it carries no corporate debt and is completely unleveraged, giving it room to play offensively while peers pull back, according to Ryan Navi, the firm’s chief investment officer. “Scale plus an untapped balance is a real advantage in this

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BTC deletes gains after choosing under ‘sell at any price’ route

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Bitcoin has recovered from a low near $60,000 to now stand at around $69,000, having given back the gains it made following Donald Trump’s November 2024 election this week. The cryptocurrency’s decline was accompanied by a broader market selloff that saw the CoinDesk 20 (CD20) index lose more than 17% of its value in a

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EY warns businesses that they must own the wallet to retain their customers

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In the evolving landscape of digital finance, Big Four consultancy EY has focused on what it believes is the next defining frontier: wallets. Wallets are fast becoming the critical interface for the next era of financial services, not just tools for holding cryptocurrency, according to Mark Nichols, principal at EY. “The wallet is the strategy,”

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Ether’s crash leaves a $686 million gaping hole in the trading firm’s books

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An ether ETH$2,048.66 the bull was caught leaning hard into the upside this week as the cryptocurrency soared, turning the whale bet into a multi-million dollar horror story. That bull is Trend Research, a trading firm led by Liquid Capital founder Jack Yi. The firm spent the past months building a $2 billion bullish (long)

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