Category: crypto

Bitcoin experienced a significant drop in October due to a Binance glitch and $28 billion in deleveraging, but Cathie Wood believes the worst is over. She sees institutional demand for Bitcoin growing and predicts the asset will consolidate before moving higher. Wood’s ARK Invest targets a $16 trillion market value for Bitcoin by 2030.

Sony Ventures has invested an additional $13 million in Startale Group through the Sony Innovation Fund. Startale is a spin-off from the Astar Foundation and supports the development of Soneium, an Ethereum layer 2. This investment follows previous funding rounds and brings Startale’s total capital raised to $20 million. Soneium has processed over 500 million…

Fairshake and other crypto PACs raised $193 million from companies like Ripple and Coinbase, aiming to support pro-crypto candidates in the 2025-2026 elections. Congressional debates over U.S. digital asset rules are ongoing, with a comprehensive bill potentially being delayed until 2027-2029 due to election politics.

Russia is set to vote on a strict cryptocurrency bill by June that will license exchanges, cap retail purchases, and ban privacy coins. The bill also allows stablecoins for cross-border trade but prohibits domestic crypto payments. The Central Bank will decide which cryptocurrencies can be traded legally by 2027.

Dogecoin is currently consolidating near key support, with analysts divided between a potential parabolic rally based on past cycles and a deeper bear phase if the MA350 support is broken. Bulls believe in a repeat of previous cycles leading to new highs, while bears warn of a second bear cycle if support is broken.

Bitcoin’s next uptrend depends on increasing liquidity, with Glassnode suggesting that BTC’s profit/loss ratio must exceed 5, as 22% of the supply is at a loss. Historical data shows that sustained price recoveries occur when the ratio is above 5, indicating strong capital inflows. Selling pressure is limited, with most investors holding onto their Bitcoin.

BlackRock warns that long-term government bonds are no longer a reliable safe haven, prompting investors to consider Bitcoin, Ethereum, and Solana as alternative risk plays. The firm highlights the vulnerability of long-dated sovereign bonds to policy shocks and deficits, suggesting a shift away from traditional 60/40 portfolios towards cryptocurrencies.

Silver’s price surge to $119 an ounce has triggered bubble warnings and structural deficit considerations. Citigroup predicts a push to $150 due to supply deficits and high demand. Crypto traders are monitoring silver’s spike for insights into market dynamics. Some see a bubble, while others believe in continued price increases.

Nokia’s CEO warns against a tech cold war as EU restricts Chinese 5G. The West’s tech markets are codependent, and splitting them would hurt scale. Brussels plans to phase out high-risk vendors like Huawei, while Bitcoin and Ethereum react to geopolitical fragmentation. Open networks bypass physical infrastructure limitations.

Bybit will launch retail banking services in February, providing users with personal IBAN accounts to manage fiat funds and convert balances to crypto. The exchange is also exploring entry into the U.S. market and a potential public listing. Additionally, Bybit plans to launch a custody product for institutional clients.