Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets. Bitcoin BTC$60,794.61 fell 17.3% this week while ether (ETH) dropped 22%, putting both assets on track for their largest weekly declines since November 2022, when the collapse of Sam […]
Some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever. The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering straight to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice […]
Hardcore bitcoin purists haven’t lost faith in the world’s largest digital currency, despite it losing nearly 17% of its value, marking the worst weekly performance since July 2024 and wiping out about $200 billion in market cap in the last seven days. The prominent bitcoin advocates or maximalists (short for maxis) — a group that […]
In recent weeks, bitcoin BTC$62,210.59 sentiment has been most bullish when the price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 through June 4. Peak bullishness hit on May 22, with bitcoin near its high of $78,000 for the period. The most bearish came June […]
Though there’s no new sign of progress on the U.S. Senate’s Digital Asset Market Clarity Act, the crypto industry’s Blockchain Association held an online event Thursday with involved lawmakers continuing to make the case for support — especially in the law enforcement community — as the bill’s advocates contend with a narrow Senate window. Throughout […]
To say bitcoin BTC$62,562.63 bears are having a great time would be an understatement. The cryptocurrency has shed 14% in seven days, falling to levels not seen since the crash in February. Broader crypto markets have taken an equally brutal beating, and most analysts say the situation could deteriorate further if BTC breaks below the […]
SpaceX is planning to set the price of its initial public offering at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange Commission. The aerospace company plans to sell 555.6 million shares […]
Bitcoin BTC$66,924.57 and the broader crypto market steadied Wednesday from Tuesday’s slide after Strategy (MSTR), the largest publicly listed bitcoin holder, sold a small portion of its stash and spot ETFs extended a record run of net outflows. The cryptocurrency’s 14-day RSI has dropped below 30, a textbook oversold reading. The indicator measures the speed […]
The infrastructure supporting global computing is undergoing a massive shift. True computing power no longer belongs to isolated corporate data centers, but to open, global networks. Speaking at the Proof of Talk summit in Paris, Bittensor co-founder and Crucible Labs partner Ala Shaabana highlighted the staggering math behind decentralized networks. To show the audience what […]
Bitcoin BTC$69,395.02 slipped below $70,000 for the first time in two months, leaving cryptocurrency markets vulnerable ahead of a week of important U.S. economic data that could determine the direction of the next move for risk assets. The largest cryptocurrency has lost more than 4.45% in the past 24 hours, and was recently trading near […]
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a bankruptcy filing, Keyrock agreed to a purchase price of $3.25 […]
Cardano’s flagship Summit will not take place in 2026 after the Cardano Foundation’s treasury proposal narrowly failed to secure the supermajority needed for approval, marking one of the clearest tests yet of the blockchain’s new governance system. Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken […]