Bitcoin and stocks fell after reality set in on Wall Street, with recession fears starting to drive the market narrative. Both stocks and crypto markets declined during the trading day, giving back much of the previous day’s rally. On Thursday, April 10, the S&P 500 traded at 5,233.61, losing 223.36 points, or 4.31%. At the…
Babylon Labs has officially launched Babylon Genesis, the first-ever Layer-1 blockchain secured by Bitcoin. Babylon Labs (BABY) just announced that Babylon Genesis Layer-1. This launch follows the initial Phase 1 rollout in August 2024, which introduced Bitcoin (BTC) staking through self-custodial contracts. Since the initial launch, the protocol has attracted 49678.65 BTC ($4.06B) staked in…
Bitcoin’s layer-2 ecosystem is growing, with institutions interested in BTC-denominated yields. For this reason, Hex Trust added stacks and sBTC to its offering. Bitcoin’s (BTC) DeFi ecosystem is expanding, and institutions are taking notice. On Thursday, April 10, digital asset custodian Hex Trust added Stacks (STX) and sBTC to its crypto offering. This means that…
Bitcoin inflows to Binance have surged over the past 12 days as today’s CPI data release looms — are investors bracing to sell? In his recent post on X, CryptoQuant’s Maarten Regterschot pointed out that over 22K Bitcoin (BTC) — worth approximately $1.82 billion — were transferred to Binance over the past 12 days. This…
US inflation dropped in March, raising optimism that the Federal Reserve will adopt a more dovish tone in upcoming meetings—boosting crypto prices. Data from the Bureau of Labor Statistics showed that the headline Consumer Price Index fell from 0.2% in February to -0.1% in March. On an annual basis, inflation declined from 2.8% to 2.4%,…
As financial institutions, corporations, and governments increasingly began to adopt Bitcoin, some observers of the crypto market started to question whether the four-year cycle model typically applied to Bitcoin is still relevant. Let’s see how this cycle is designed and why many people doubt it is still reliable. An X account called Bitcoin Archive posted…
China and Russia are now reportedly settling select energy transactions using Bitcoin, according to a recent report by investment firm VanEck. The move marks a shift away from the U.S. dollar-dominated financial system and comes amid heightened global trade tensions. VanEck’s Head of Digital Assets Research, Matthew Sigel, confirmed the development, stating that the adoption…
Florida lawmakers are considering a proposal that would allow the state to invest public funds in Bitcoin. House Bill 487 is scheduled for a public hearing on Wednesday, April 10, in the Insurance & Banking Subcommittee. On April 8, it was included in the agenda for the Insurance & Banking Subcommittee in the House. If…
Trump’s latest tariff hikes on China may shift the global Bitcoin mining industry offshore, as domestic miners face increased premiums on hardware costs. Bitcoin (BTC) mining may soon shift further offshore as U.S. miners face rising hardware costs. On Wednesday, April 9, a new report from Hashlabs Mining CEO Jaran Mellerud highlighted the economic impact…
U.S. tariffs on China may backfire as the country reduces dollar purchases, while currency instability on both fronts fuels interest in Bitcoin. China is scrambling to defend its currency amid the impact of historic U.S. tariffs, fueling renewed demand for Bitcoin (B). On Wednesday, April 9, the People’s Bank of China instructed major Chinese banks…
