White House Economists Defend Stablecoin Yields: No Threat to Banks White House economists are pushing back against fears that high-yield stablecoins could drain deposits from traditional banks, arguing a ban would barely boost lending while slamming everyday users with higher costs. In a bold report, they dismiss calls for regulation as overkill, signaling a potential…
NYT Revives Adam Back as Satoshi Bombshell – But Proof Remains Elusive The New York Times just reignited the ultimate crypto mystery, fingering Blockstream CEO Adam Back as Bitcoin’s shadowy creator Satoshi Nakamoto. Back swiftly shot it down, calling the claims baseless, while skeptics across the space demand ironclad evidence. This isn’t just tabloid fodder—unmasking…
Strategy Resumes Bitcoin Treasury Buys With $330M Purchase Strategy has resumed adding bitcoin to its corporate treasury, disclosing a new purchase worth $330 million. The move signals a return to active accumulation after a pause, reaffirming the company’s long-running approach of using bitcoin as a primary treasury reserve asset. Corporate bitcoin purchases matter because they…
South Korea Slams Crypto Withdrawal Loopholes After Massive Scam Losses South Korea’s Financial Services Commission (FSC) is cracking down on crypto exchange withdrawal delays, eliminating inconsistent exemptions that let scammers drain accounts with barely any history. This move follows a wave of devastating scams exploiting quick cash-outs. For investors, it’s a stark reminder that even…
Morgan Stanley Unleashes Cheapest Bitcoin ETF at 0.14% Fee Morgan Stanley is launching the Bitcoin Trust ETF on Wednesday, slashing fees to a market-beating 0.14%—the lowest available. This move from a Wall Street titan signals big money flooding into crypto, potentially igniting fresh demand for BTC amid ETF frenzy. Investors take note: lower costs mean…
Ethereum Stablecoin Supply Explodes to $180B Record—$850B Boom by 2030? Ethereum’s stablecoin supply just smashed through $180 billion, hitting an all-time high and signaling massive capital inflows into the network. Analytics firm Token Terminal warns this could balloon to a staggering $850 billion in new flows by 2030 if the momentum holds. For investors, it’s…
Grayscale says bitcoin’s quantum problem is governance, not engineering Grayscale said the biggest challenge bitcoin faces from future advances in quantum computing would be deciding how the network should respond, rather than whether a technical fix is possible. In Grayscale’s framing, bitcoin’s “quantum problem” is ultimately a matter of governance: aligning users, developers, miners, businesses,…
Three Savvy Traders Cash In Big on Polymarket’s US-Iran Ceasefire Bet Three sharp-eyed Polymarket traders turned pocket change into a fortune by betting early on a US-Iran ceasefire at rock-bottom odds, scoring massive payouts just hours before the announcement. On-chain sleuths at Lookonchain spotted the wallets loading up on “yes” shares when probabilities hovered between…
Iran’s Bitcoin Hashrate Plunges 77% as Conflict Crushes Miners Iran’s share of the Bitcoin network hashrate has cratered 77% over the past quarter, hammered by escalating Middle East tensions. While the global hashrate’s 30-day moving average dipped too, analysts pin most of the blame on slumping Bitcoin prices squeezing miner profits—not just bombs and geopolitics….
Anthropic Caps AI Access as Models Master Hacking Exploits AI powerhouse Anthropic is slamming the brakes on its latest models, warning they’ve evolved into elite hackers capable of outsmarting nearly every human coder in spotting and weaponizing software flaws. This self-imposed limit stems from fears that unchecked AI could turbocharge cyberattacks, blending god-tier coding with…
CoinDesk 20 performance update: index drops 2.4% as all constituents trade lower The CoinDesk 20 Index fell 2.4% in the latest performance update, with every asset in the benchmark trading lower over the measured period. The move indicates a broad-based decline across the index rather than weakness concentrated in a small number of tokens. When…
Bitcoin Surges Past $72K on US-Iran Ceasefire News Bitcoin has rocketed back above $72,000 after Iran’s Supreme National Security Council agreed to a two-week ceasefire with the US, easing fears of all-out Middle East war. This sudden de-escalation flipped market panic into relief, sending risk assets like BTC soaring. Investors are betting on stability unlocking…
Iran’s Bitcoin Hashrate Plunges 77% Amid War—But Is Price the Real Culprit? Iran’s share of the Bitcoin network hashrate has cratered 77% over the past quarter, raising alarms as conflict escalates in the region. Global Bitcoin hashrate is also dipping on its 30-day moving average, but analysts point fingers at slumping prices squeezing miner profits—not…
Trump Officially Nominates Pro-Bitcoin Kevin Warsh as Next Fed Chair President Trump has formally nominated Kevin Warsh to replace Jerome Powell as Federal Reserve Chair, sending the pick to the Senate after teasing it on social media on January 30. Warsh, a former Fed governor with a track record of criticizing loose monetary policy, brings…
Bitcoin vaults past $72,000 as U.S. stock futures surge on a two‑week U.S.–Iran ceasefire Bitcoin climbed above $72,000 as U.S. stock futures moved higher following news of a two-week ceasefire between the United States and Iran. The moves highlighted how crypto and traditional markets can respond at the same time to major geopolitical developments, particularly…
Bitcoin Surges but 43% Holders in Red Fuel Put Option Frenzy Bitcoin’s price is charging higher, building serious bullish momentum, yet a massive 43% of holders remain underwater on their positions. Traders are hedging hard with put options amid fears that the rally could fizzle before cracking $78K. This split between price action and holder…
Bitcoin Surges Past $72K on US-Iran Ceasefire Hopes Bitcoin has roared back above $72,000 after Iran’s Supreme National Security Council agreed to a two-week ceasefire with the US, easing fears of broader Middle East escalation. This sudden de-escalation flipped market panic into relief, sending risk assets like BTC skyward. Investors are betting on calmer geopolitics…
CFTC’s Stay Denied: Kalshi Trades Election Bets Legally The D.C. Circuit Court of Appeals slammed the door on the CFTC’s emergency stay request, letting KalshiEX keep offering event contracts on election outcomes despite the regulator’s block. This fast-track ruling on October 2, 2024, hands a win to crypto-adjacent prediction markets, signaling regulators can’t easily kill…
Western Union Bets Big on Solana with USDPT Stablecoin Launch Western Union, the remittances giant, is teaming up with Crossmint to launch its own USDPT stablecoin on Solana, bridging traditional money transfers to blockchain rails. This move taps into Solana’s speed and low fees to supercharge cross-border payouts via Western Union’s vast global network. For…
Texas Court Slaps Down SEC in Crypto Mandamus Clash In a swift mandamus smackdown, the Eighth District Court of Appeals in El Paso, Texas, denied Envy Blockchain Inc., NV Landco 1 LLC, and Stephen Decani’s plea to block an SEC enforcement action, letting federal regulators steamroll ahead on alleged unregistered securities sales. This rare original…
