Bitcoin (BTC) is gaining buyers’ interest after setting a new yearly low at $59,000 last week. Order book data and liquidity suggest a rally is pending and more than $2 billion in short liquidity is concentrated near $65,000. BTC’s bid-ask…
Bitcoin Magazine Standard Chartered Calls Crypto Bottom as Bitcoin Price Recovers From $59,000 Low Standard Chartered’s head of digital asset research, Geoff Kendrick, declared Friday that the crypto market has seen its cycle low, with Bitcoin’s recent dip to approximately…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Bitcoin’s sharp move from the mid-$64,000 area to near $60,700, followed by a rebound above $63,000, triggered a large leverage reset across crypto markets. …
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change…
Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction and 25-year prison sentence tied to the collapse of FTX after a three-judge appeals panel rejected his bid for relief. The unanimous ruling by the 2nd US Circuit Court…
Bitcoin Magazine Blockworks Acquires Messari in Deal Highlighting Crypto’s Data Consolidation Race Blockworks, the New York-based crypto data and investor relations platform, has acquired rival Messari in a deal that underscores the growing consolidation pressure reshaping the digital asset industry…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR The SEC has proposed rescinding Regulation NMS Rules 611 and 610(e), both tied to U.S. equity market structure. The proposal is not a crypto…
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for…
Polish President Karol Nawrocki vetoed a cryptocurrency regulatory bill for the third time, which sought to implement Europe’s Markets in Crypto Assets Regulation (MiCA) in the country. Nawrocki said Thursday he supports regulating the cryptocurrency market but argued that the…
Bitcoin Magazine SpaceX Officially Joins Public Bitcoin Leaderboard as 8th Largest Holder With 18,712 BTC Elon Musk’s SpaceX launched trading on the Nasdaq today under the ticker SPCX — and it didn’t arrive empty-handed. The company officially entered the public…