Category: crypto

Sam Bankman-Fried, serving 25 years for FTX fraud, denies bankruptcy claims on X from prison. He blames lawyers for a “bogus” Chapter 11, contradicting insolvency findings of an $8B fund hole. Despite limited social media access, his messages affect markets as traders react to his posts from prison.

Bitcoin’s recent decline is being driven by negative investor inflows, weak demand, and fading risk appetite, potentially signaling the start of a bear market. CryptoQuant data shows that new money is not entering the market to offset sell-offs, leading to a lack of fresh capital and potential sustained outflows.

Solana has low and predictable fees compared to other blockchain networks, making it a cost-effective option for high-volume applications. Recent data shows that Solana’s median fees are second only to Avalanche. The network’s high throughput and parallel execution keep fees low, positioning it as a top choice for payments, gaming, and on-chain trading.

Chainlink co-founder Sergey Nazarov believes that the current crypto market cycle is revealing important trends through infrastructure resilience and real-world asset adoption, rather than just price fluctuations. The market is showing fewer institutional failures, an increase in real-world assets moving to blockchain, and a shift towards blockchain becoming core financial infrastructure.

Nitro, a crypto accelerator focused on the Monad blockchain, offers up to $7.5 million to 15 early-stage teams to help them ship products. The program prioritizes execution and product-market fit over short-term token metrics. Backed by prominent investors, Nitro aims to address the industry’s issue of slow product delivery despite fast fundraising.

Hyperscale Data has increased its Bitcoin treasury to 589 BTC, aiming to reach $100m. They use a dollar-cost-averaging plan to gradually invest cash into BTC. The firm sees crypto as a risk indicator in the market. The company’s strategy is to accumulate Bitcoin over time through disciplined buying.

Michael Saylor is pitching a formula to Middle East capital that involves selling credit equal to 1.4% of capital assets to fund stock dividends and grow a company’s Bitcoin holdings indefinitely. He believes this strategy will provide better yields than traditional fixed-income investments in a fragile market environment.

Wintermute warns that AI stocks are draining liquidity away from crypto, causing Bitcoin to struggle with high volatility and low demand. U.S. selling and ETF outflows are contributing to this trend. Wintermute suggests that a recovery for Bitcoin depends on increased demand, a positive Coinbase premium, and stable ETF flows.

Harvard University’s endowment has significantly increased its investment in Bitcoin ETFs, surpassing holdings in Google and other big-tech companies. Other elite universities like Brown and Emory have also disclosed substantial investments in Bitcoin, signaling a broader shift into digital assets. This comes as Bitcoin, Ethereum, and Solana rally amid global risk appetite.

Ripple has partnered with UAE-based digital bank Zand to expand the reach of its RLUSD stablecoin in the Middle East, focusing on on-chain finance use cases. This collaboration aims to support blockchain-based payments, settlement, and liquidity management using stablecoins. This move could have positive implications for the XRP ecosystem.