🔍 Market Summary

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 Strategy launches Bitcoin stock pegged at $100 to increase treasury

Strategy launches Bitcoin stock pegged at $100 to increase treasury

Strategy, the world’s largest corporate holder of Bitcoin, is launching a new type of stock offering to raise additional funds for further investment in the cryptocurrency.Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate …

Aave proposal to launch centralized lending on Kraken’s Ink moves to next phase

Aave proposal to launch centralized lending on Kraken’s Ink moves to next phase

A proposal for the decentralized finance (DeFi) lending protocol Aave to launch a centralized version of its service on the crypto exchange Kraken’s Ink blockchain has received widespread approval among the community.An Aave request for comment (ARFC) for the deployment of a whitelabel version of Aa…

Fix incoming for MetaMask bug that’s slowly killing solid-state drives

Fix incoming for MetaMask bug that’s slowly killing solid-state drives

Consensys, the blockchain firm behind MetaMask, has confirmed it will be “imminently” releasing a fix for its MetaMask browser extension after users reported it has been writing hundreds of gigabytes of data per day into their solid-state drives, potentially shortening their lifespan. Speaking to Co…

UK working to sell $7B in seized Bitcoin to boost budget: Report

UK working to sell $7B in seized Bitcoin to boost budget: Report

The UK is reportedly eyeing the sale of over 5 billion British pounds ($6.7 billion) worth of seized Bitcoin to help fill a deficit in the country’s budget.The Home Office and the head of the country’s Treasury, Rachel Reeves, are working with law enforcement to sell off its stockpile of seized Bitc…

Experts say ‘just a starting point’ as Crypto Week ends on a high note

Experts say ‘just a starting point’ as Crypto Week ends on a high note

The proclaimed Crypto Week has concluded with significant regulatory progress, including the passage of the much-anticipated GENIUS Act. However, industry experts claim the regulatory clarity is just the foundation for what lies ahead.“Clarity is just a starting point, not an endpoint,” Leo Fan, co-…

Bitcoin’s first Batman? Peter McCormack plans to buy his own police force

Bitcoin’s first Batman? Peter McCormack plans to buy his own police force

Prominent Bitcoin podcaster and Real Bedford FC owner Peter McCormack claims he can tackle Bedford’s rising crime rate better than the local police force, taking on a role some might liken to a real-life Batman.“As I promised, if the police won’t keep the town safe for our women and children, I will…

Crypto Week Day 4: US lawmakers remain divided on key bills

Crypto Week Day 4: US lawmakers remain divided on key bills

As day four of “Crypto Week” kicks off, US Democratic and Republican lawmakers remain divided on the future of key legislation that will shape the country's regulatory approach to digital assets.Votes were anticipated on the Clarity Act, the GENIUS stablecoin bill and the Anti-CBDC Surveillance Stat…

3 charts scream ‘It’s altcoin season’ as Bitcoin dominance hits 8-week lows

3 charts scream ‘It’s altcoin season’ as Bitcoin dominance hits 8-week lows

Key takeaways:Altcoins’ cup-and-handle pattern projects a rise to $2.78 trillion market cap, hinting at an “altcoin season.”Bitcoin dominance below key moving averages suggests altcoins may outperform in the near term.According to crypto traders, many altcoins are currently displaying some bullish p…

36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

Cryptocurrency payments are gaining prominence among numerous user cohorts for daily transactions and even high-value payments, signaling that digital assets are evolving beyond speculative tools.Gen Z users stand out in terms of daily transactions, with 36% spending their digital assets on gaming-r…

 Bitcoin digests US PPI win with $120K liquidity grab on bulls' radar

Bitcoin digests US PPI win with $120K liquidity grab on bulls' radar

Key points:Bitcoin price targets include taking liquidity at around the $120,000 mark.US PPI inflation cools beyond expectations, providing relief after the hot CPI print the day prior. avoids a trip to a CME gap below $115,000.Bitcoin maintained an overnight rebound at the Wall Street open Wednesd…

 GameStop CEO teases crypto payments, says Bitcoin buys are inflation hedge

GameStop CEO teases crypto payments, says Bitcoin buys are inflation hedge

GameStop CEO Ryan Cohen has teased that the video game retailer could start accepting crypto for trading card purchases and said the company’s Bitcoin buys aren’t copying MicroStrategy.Cohen told CNBC’s Squawk Box on Tuesday that GameStop shifted tactics to reduce reliance on hardware in the face of…

Legacy finance discovers stablecoins as JPMorgan, Citigroup consider market entry

Legacy finance discovers stablecoins as JPMorgan, Citigroup consider market entry

JPMorgan Chase, the largest bank in the United States with $3.6 trillion in assets, has plans to “to be involved in […] stablecoins,” CEO Jamie Dimon said on Tuesday during an earnings conference call. According to Dimon, JPMorgan’s move into the stablecoin space is partly driven by competition from…