The crypto market staged a cautious recovery on Friday after the US Supreme Court ruled against Donald Trump’s tariffs. Summary The crypto market rose after the Supreme Court struck down Donald Trump’s tariffs. Bitcoin and most tokens rose modestly, while the stock market erased the earlier losses. The ongoing recovery may be short-lived as Trump…
Longtime Bitcoin critic Peter Schiff has reignited debate over the cryptocurrency’s outlook, warning that a break below $50,000 could trigger a steep drop toward $20,000, an 84% decline from its all-time high. Summary Peter Schiff warned that if Bitcoin breaks below $50,000, it could fall to $20,000 — an 84% drop from its all-time high…
Bitcoin’s mining difficulty has climbed to 144.40 trillion (T) at block 937,524, marking one of the sharpest accelerations in network competition since the 2021 bull cycle. Summary Bitcoin’s mining difficulty has climbed to 144.40 trillion at block 937,524, marking one of the fastest accelerations in network competition since the 2021 bull market. Total hashrate has…
Crypto traders are bracing for fresh volatility as the U.S. prepares to release December Personal Consumption Expenditures (PCE) data, the Federal Reserve’s preferred inflation gauge, later today. Summary Forecasters anticipate both headline and core PCE rising 0.37% in December (4.5% annualized), pushing core to 3.0% year-over-year — the highest since February 2025 — and headline…
Metaplanet Chief Executive Simon Gerovich has rejected claims that the company lacks transparency in its Bitcoin investment strategy, following criticism shared on X. Summary Metaplanet CEO Simon Gerovich denied claims that the company hides Bitcoin purchases, saying all transactions and wallet addresses are publicly disclosed. He defended the firm’s options strategy and financial reporting, arguing they reduce costs and…
Bitcoin price is compressing into a tightening triangle structure, signaling a major decision point as converging support and resistance suggest an imminent volatility expansion in the near term. Summary Triangle compression signals imminent breakout, volatility expansion approaching Higher lows indicate growing demand, favoring bullish resolution $76,700 resistance becomes key target, if breakout confirms with volume…
Blockchain analytics firm Arkham Intelligence says the United Arab Emirates has amassed approximately $700 million worth of Bitcoin through state-linked mining operations. Summary Arkham Intelligence says UAE government-linked wallets contain roughly 6,300 BTC worth about $700 million. The holdings stem from industrial-scale mining via Citadel Mining, not seizures or open-market purchases. With an estimated 9,300…
Bitcoin traded near $67,000 on Thursday, steadying after a session that coincided with sharp swings in prediction market odds for the CLARITY Act. Summary Bitcoin traded near $67,000 as Polymarket odds for the CLARITY Act swung from 90% to 55%, highlighting regulatory uncertainty. The CLARITY Act aims to define oversight between the SEC and CFTC,…
The crypto market remained in a downtrend on Thursday, dropping nearly 3% to $2.35 trillion due to a confluence of macroeconomic uncertainty and geopolitical tensions that spooked investors. Summary The latest FOMC minutes report has cast uncertainty regarding rate cuts hurting risk-on sentiment. Fears of a full-blown US-Iran war have pushed investors to the sidelines….
In a letter sent on February 18 activist investor Starboard Value LP called on Riot Platforms to urgently execute its transition from bitcoin mining to a premier artificial intelligence and high-performance computing (AI/HPC) data center provider. Summary Starboard Value released a high-stakes letter urging Riot Platforms to capitalize on a massive $21 billion opportunity in…
