El Salvador’s total Bitcoin holdings surpassed $700 million as the country celebrated the fourth anniversary of its landmark decision to adopt the cryptocurrency as legal tender. Summary El Salvador purchased 21 BTC on Bitcoin Day. The country’s total holdings stand at 6,313.18 BTC, worth over $700 million. Critics have argued that El Salvador’s Bitcoin play…
Santiment’s latest analysis shows that on-chain metrics and social sentiment are successfully flagging crypto turning points, from XRP’s peak to Cardano’s bottom. Summary Santiment reports crypto sentiment has flipped to fear across the market. Whale activity signaled XRP’s top, while fear marked Cardano’s price bottom. Weak U.S. data fueled Fed rate cut bets, driving risk-off…
Sora Ventures has unveiled Asia’s first dedicated Bitcoin treasury fund, aiming to acquire $1 billion worth of BTC over the next six months. Summary The fund was announced during Taipei Blockchain Week with $200M initial capital. It builds on Sora Ventures’ prior investments in regional Bitcoin-focused firms, including Metaplanet, Moon Inc., DV8, and BitPlanet. Sora…
Analyst Joao Wedson warns that an October “judgment day” could set Bitcoin up for a crash to $50,000 next year. Summary Bitcoin may be approaching a bear market that could send its price down to $50,000 A long-term chart suggests that Bitcoin is nearing its top, possibly at $140,000 Wall Street is likely to guide…
Bitcoin may look untouchable, but quantum hardware has already shown the beginning of its end. The question is no longer if but when. Summary A researcher using IBM’s 133-qubit machine cracked a six-bit elliptic curve key, proving Shor’s algorithm works on real hardware beyond theory. History shows cryptographic systems once considered secure, from Enigma to…
Latest inflation data suggest that the Fed will likely remain conservative in its rate cuts, far short of Trump’s preferred 1% level. Summary U.S. services inflation remained high in August, removing hopes for a higher rate cut The Fed will still likely cut interest rates by 25 basis points, as expected Higher-than expected interest rates…
Treasury firms now hold more than 5% of the Bitcoin supply, and Strategy holds more than all others combined. Summary Bitcoin treasuries have hit 1M BTC, amounting to more than 5% of the total supply Michael Saylor’s Strategy alone holds more than all other public firms combined Corporate adoption of Bitcoin crossed a new milestone….
The U.S. SEC’s Crypto Asset Task Force is reviewing a proposal to protect digital assets against the dangers of quantum computing decryption. Summary The SEC Crypto Asset Task Force has received a proposal titled the “Post-Quantum Financial Infrastructure Framework” designed to provide a roadmap for protecting crypto assets from quantum computing attacks. Experts warn of…
American Bitcoin Corp. stock swang sharply on its Nasdaq debut, surging over 90% before wiping out most of its gains and closing the day up just 16.5%. Summary American Bitcoin stock surged to $13.20 in early trading before dropping 49% to $6.72 and closing at $8.05, up 16.5%. The debut gave the Trump-linked Bitcoin miner…
U.S. Bancorp is reportedly reviving its Bitcoin custody business, betting that institutional demand now outweighs the perceived regulatory risks. The bank had shelved the service for three years due to prohibitive capital requirements imposed by the SEC. Summary U.S. Bancorp is reviving its Bitcoin custody service after a three-year pause, targeting institutional clients and spot…
