Bitcoin faces pressure at $112K as traders eye Jackson Hole
Bitcoin’s price movement remained choppy on Thursday as Wall Street opened, with markets largely ignoring news of a fresh US-EU trade agreement. $114K emerges as key resistance Charts from TradingView showed BTC/USD once again testing the $114,000 zone — a level that continues to serve as a major resistance point. Despite brief rallies, buyers have […]
China considers yuan-backed stablecoins in policy shift
China, long known for its strict stance on cryptocurrencies, is reportedly weighing the introduction of yuan-backed stablecoins in what would be a major turnaround in policy. According to Reuters, authorities are discussing a roadmap that could be approved later this month by the State Council, aiming to expand the global use of the yuan and […]
Bitcoin dips as investors await Powell’s Jackson Hole speech
Crypto traders are on edge ahead of Jerome Powell’s speech at the Federal Reserve’s annual Jackson Hole meeting, which could hint at the direction of US interest rate policy before September’s FOMC session. Bitcoin briefly fell to $112,565 on Wednesday — its lowest since Aug. 3 — before stabilizing near $114K. Analysts link the drop […]
Monero Faces 51% Attack Concerns, Community Considers New Consensus Model
The Monero community is weighing major changes to its proof-of-work (PoW) system after reports that Qubic, an AI-focused mining pool, briefly gained majority control of the network. The incident has revived fears about 51% attacks and prompted discussions on how to strengthen Monero’s security. Proposals include switching to merge mining with Bitcoin or other major […]
Crypto in US 401(k) Plans Could Push Bitcoin Toward $200K by 2025
The inclusion of cryptocurrency in US 401(k) retirement plans could unlock billions in new capital and accelerate Bitcoin’s rise, potentially sending the price above $200,000 by the end of 2025, according to Bitwise’s head of European research, André Dragosch. President Donald Trump signed an executive order on Aug. 7 allowing Americans to access digital assets […]
SEC Postpones Rulings on Truth Social, Solana and XRP ETFs
The U.S. Securities and Exchange Commission (SEC) has pushed back decisions on three highly anticipated crypto ETF applications, setting new deadlines for October. The Truth Social ETF, first filed in June, would directly hold Bitcoin and Ethereum, similar to other spot ETFs already trading. Despite its branding under Trump’s media platform, the fund is structured […]
Gemini Takes Lead in AI Race as Prediction Markets Bet on Google
On Kalshi, a popular prediction market, traders are betting that Google’s Gemini will dominate the AI text model space by the end of 2025. As of this week, 57% of users are backing Gemini, up from 48% just days earlier. By contrast, OpenAI’s ChatGPT has slipped to 20% from 25%, while xAI’s Grok dropped to […]
Solo Bitcoin Miner Strikes Gold With $371,000 Block Reward
A lone Bitcoin miner managed to defy the odds on Sunday, successfully solving a block and pocketing roughly $371,000 in rewards. The miner was connected to Solo CK Pool, a platform designed for independent miners, and validated block 910,440. The payout included the standard 3.125 BTC block subsidy plus about 0.012 BTC in transaction fees, […]
Strategy Adds $51M in Bitcoin as BTC Peaks at $124K Before Pullback
Michael Saylor’s company, Strategy—the largest public holder of Bitcoin—expanded its reserves once again last week, buying more BTC just as the market hit new record highs before a sharp correction. According to a filing with the U.S. Securities and Exchange Commission on Monday, Strategy purchased 430 BTC for about $51.4 million during the week ending […]
Ether ETFs Set New Records as Crypto Inflows Hit $3.75B
Digital asset investment products experienced another strong week of inflows, led by the surging popularity of Ether-based exchange-traded products (ETPs). According to European asset manager CoinShares, global crypto ETPs attracted $3.75 billion during the week ending Friday. The bulk of this momentum was fueled by Ether, which has been approaching its previous all-time highs near […]