Crypto billionaire Justin Sun backed Tron Inc.’s strategy to stack the TRX token, which has recently outperformed bitcoin BTC$70,853.46as a key treasury asset, spotlight their recent dip buying with a simple “continue” on X. Nasdaq-listed Tron Inc. announced that it acquired 175,507 TRX tokens on Wednesday at an average price of $0.28, for a new […]
Justin Sun says “go ahead” on Tron Inc’s TRX purchase Read More »
Bitcoin’s price selloff continued on Thursday, with prices breaking below the widely tracked $70,000 level on OG crypto exchange Bitstamp. BTC’s dollar-denominated price fell to $69,101 during Asian hours, trading at a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002. The discount on Bitstamp was likely due to
BTC tanks at $69,101 on Bitstamp Read More »
The Royal Government of Bhutan has started moving bitcoin BTC$70,585.16 after months of wallet inactivity, shifting funds to trading firms, exchanges and new addresses as bitcoin slid below $71,000 and broader markets convulsed. Onchain data tracked by Arkham shows Bhutan-linked wallets transferring more than 184 BTC, worth around $14 million, over the past 24 hours.
Bhutan changes hands after months of silence as BTC moves to $70,000 Read More »
A US House investigation is looking into whether World Liberty Financial, a Trump-associated crypto venture, and its dollar-pegged token became entangled in foreign sovereign capital and US tech policy. The move follows a Wall Street Journal report that an Abu Dhabi-linked entity secretly agreed to buy a 49% stake in World Liberty Financial for $500
House probe targets World Liberty Financial after report of $500 million bet in UAE Read More »
Silver sank as much as 17% over the past 24 hours, wiping out a two-day rebound as the metal struggled to find a floor after last week’s historic rout. The move also dragged down gold and copper, extending a unwind that traders say has been magnified by thin liquidity and heavy speculative positioning. The renewed
Silver’s 17% drop amid bitcoin slump echoes Michael Burry’s ‘death spiral’ call Read More »
Network news VITALIK BUTERIN SAYS LAYER-2 ROADMAP ‘NO LONGER MAKES SENSE’: Ethereum co-founder Vitalik Buterin said the role of layer-2 networks needs to be rethought as blockchain’s main network continues to scale and transaction costs remain low. In a post on X, Buterin said the original rollup-centric roadmap, which positioned layer-2s as the primary way
Vitalik Buterin’s sharp warning about the layer-2 roadmap Read More »
BBVA, Spain’s second-largest bank by assets, said it joined Qivalis, a group of lenders aiming to introduce a regulated euro stablecoin and challenge the dominance of digital dollars. By adding BBVA, which has $800 billion in assets, the group now includes a dozen major EU banks, including BNP Paribas, ING and UniCredit. The project’s goal
Spanish lender BBVA joins stablecoin venture by EU banks to challenge digital dollars Read More »
Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. Bitcoin heads into the Asian trading day with on-chain data
Bitcoin BTC$76,073.52 fell back below $74,000 in the early stages of the US session, with the rally from Tuesday’s lows quickly fading as weakness in tech stocks weighed on the crypto. The Nasdaq 100 was 1% lower after the previous day’s drop of 1.5%. The software sector continued its slide, with the thematic iShares Expanded
BTC under pressure as US tech sector stumbles Read More »
