Bitcoin could crash to $48,000, if this historical pattern is triggered
Categories
Crypto News

Bitcoin BTC$65,690.17 has a unique pattern, and it has held across every major bullish cycle since the cryptocurrency began trading near zero 16 years ago. This pattern suggests that prices could crash to at least $48,000. The pattern works like this. Draw Fibonacci retracements from near zero – BTC began trading at $0.003 in February […]

Here’s what SpaceX’s IPO means for its 18,000 bitcoin (BTC) holdings
Categories
Crypto News

For Elon Musk’s company, it’s a rounding error against a valuation of over $1.8 trillion: small enough that the stock will never trade on it, yet large enough to normalize the asset in a way no dedicated vehicle can. For years, onchain analysts estimated SpaceX held about 8,300 bitcoin. The S-1 then revealed the real […]

Here’s what Claude Fable 5 means for crypto and DeFi
Categories
Crypto News

However, the two largest incidents were not simple smart-contract exploits of the type AI could engineer. In one, a North Korea-linked group drained about $285 million from Drift Protocol after a six-month social-engineering campaign that won it admin access. For the other, the attacker exploited a single-verifier flaw that allowed roughly $292 million to be […]

Ripple wants AI agents to pay in XRP and RLUSD. The market is still mostly USDC
Categories
Crypto News

Ripple is trying to put XRP and RLUSD into the market for AI-agent payments in an environment that is still mostly paying in the dollar-pegged USDC stablecoin. The company introduced the XRPL AI Starter Kit earlier this week, a set of developer tools for building AI agents that can send payments on the XRP Ledger, […]

Bitcoin hit bottom at $59,000 marking end to the crypto winter, says Standard Chartered analyst
Categories
Crypto News

The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according to Kendrick. “Winter is over. Welcome back to crypto Spring, […]

For the bitcoin (BTC) price, SpaceX’s Nasdaq debut could go either way: Crypto Daily
Categories
Crypto News

The months of waiting have ended, and SpaceX is set to begin trading on Nasdaq today after investors pumped $75 billion into the largest IPO in history. What happens next could ripple across financial markets, including crypto. One theory making the rounds is that recent outflows of over $5 billion from bitcoin BTC$63,553.89 ETFs, which […]

SpaceX (SPCX) raises $75 billion in largest-ever IPO
Categories
Crypto News

SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily […]

Michael Saylor says Mnav is just one metric as Strategy dilution debate continues
Categories
Crypto News

The debate over Strategy’s (MSTR) recent dilutive transaction resurfaced, this time featuring Strategy Executive Chairman Michael Saylor and Strike and Twenty One Capital (XXI) CEO Jack Mallers, on Wednesday at BTC Prague, as the two weighed in on how investors should assess the company’s increasingly complex capital structure. Mallers asked Saylor how he defines multiple-to-net […]

Ethereum (ETH) developers are exploring new token standards as privacy returns to focus
Categories
Crypto News

For years, privacy in transacting was one of crypto’s most ambitious promises. Then it took a back seat as other trends took off. As developers focused on scaling blockchains and regulators scrutinized privacy tools such as Tornado Cash, much of the industry’s attention shifted elsewhere. But a new Ethereum proposal and a growing number of […]

Botanix bet big on ‘Bitcoin DeFi.’ Its shutdown suggests users never cared
Categories
Crypto News

Bitcoin layer-2 network Botanix is being wound down a year after its mainnet went live. The project cited market conditions and broader indifference within the cryptocurrency industry towards establishing greater utility on the Bitcoin network, in a post on X on Tuesday. “It did not work,” Botanix summed up. “At least not in this market […]

Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns
Categories
Crypto News

A package of several crypto tax bills may not be ready yet for prime time, as a U.S. House Ways and Means Committee hearing revealed potentially significant questions from lawmakers that suggested the panel hasn’t achieved a bipartisan embrace of the bills that would tailor a clearer tax code for digital asset gains. The latest […]

Humanity’s $36 million exploit happened because a ‘multisig’ lived on one laptop
Categories
Crypto News

Humanity Protocol explained how attackers were able to steal more than $36 million of its H token, and the cause was a serious lapse in how it secured its keys. In an incident update shared with CoinDesk, the decentralized identity project said the breach started when an employee’s laptop was compromised. The machine held several […]