Key Takeaways Bitwise raised its target from $1.3 million for 2035 to $1.6 million for 2036. Its valuation assumes bitcoin captures 25% of the gold-and-bitcoin market. The bull scenario projects $3.67 million; the bear scenario puts bitcoin at $130,686. Bitcoin’s $1.6 Million Target Implies 34.3% Annual Growth Bitcoin could reach about 19 times its model […]
Key Takeaways Bitcoin jumped to $81,888 after U.S. GDP data showed 3.4% growth in the third quarter. Coinglass data showed $99 million in bitcoin liquidations as broader crypto wipes hit $412 million. An analyst expects price volatility until bitcoin reclaims $80,400 or tests $76,000 support. Strong GDP Growth Drives Temporary Rally Bitcoin rallied Thursday after […]
Key Takeaways Bitcoin surged to $81,687 before retreating below $80,500 as traders awaited the Fed’s rate decision. Coinglass reported $167 million in crypto liquidations, including $110 million in short positions. The Federal Reserve held rates steady at 3.75%-4% after previously raising rates in September. Bitcoin Briefly Surges Above $81K Ahead of Fed Decision The price […]
Key Takeaways Strategy shareholders approved daily dividends for STRF, STRC, STRK, and STRD preferred shares, with 99.3% of votes cast in favor. Daily dividends begin Nov. 1 for STRC, with the other three preferred stocks transitioning Jan. 1, 2027, subject to final implementation. STRC will maintain a 12% annualized dividend rate in November, with approximately […]
Key Takeaways DBS found 88% of major companies are using or testing tokenized money, with 67% already deploying it. Stablecoins lead DBS respondents’ tokenized money preferences at 63%, ahead of tokenized deposits. DBS says corporations increasingly expect banks to support round-the-clock payments and settlement. DBS Survey Reveals How Far Tokenized Money Has Advanced A recent […]
Key Takeaways A 5-year low in Bitcoin Google searches was seen on Oct. 27 as BTC traded near $81,000. Crypto analysts say similar search lows in Sept. 2023 and Sept. 2024 both marked local price bottoms. Robinhood’s crypto revenue fell 55% in Q3, another sign that retail traders have stepped back. Retail Has Left the […]
Key Takeaways Zcash turns 10 on Oct. 28, with 20% of block rewards funding development and ecosystem grants. Sprout, Sapling, Orchard, and Ironwood show how protocol funding has sustained technical upgrades. Its next decade will hinge on keeping privacy secure against quantum and AI-driven threats. Zcash’s 20% Dev Fund Sets It Apart From Bitcoin Zcash […]
Key Takeaways SoFi recorded $161.6 million in gross crypto transaction revenue but retained just $1.63 million. SoFi reported $241 million in quarterly net income as membership reached 17.1 million. SoFi expanded its digital asset operations through SoFiUSD and partnerships with Mastercard and Payward. Crypto Returns to a Rapidly Expanding Financial Platform SoFi Technologies (Nasdaq: SOFI) […]
Key Takeaways Two wallets dormant since 2023 sent 2,571 BTC to Coinbase Prime on Oct. 26, Lookonchain data shows. The coins cost roughly $60 million to accumulate and are now worth about $206 million at $80,300 per BTC. Coinbase’s premium has been negative for 53 days, so traders will watch whether the deposits turn into […]
Key Takeaways Nonempty bitcoin wallets fell roughly 30K to about 59.95 million. Continued wallet declines alongside price strength would reinforce the signal. A sustained break below $79K would delay the potential bottom. Wallet Declines Signal a Possible Bitcoin Bottom A potential bitcoin bottom may be taking shape as smaller holders appear to abandon positions after […]