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Bitcoin Isn’t Crashing Because of Saylor, It’s Losing Business Momentum

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Bitcoin BTC$66,924.57 Recent struggles to rise in tandem with U.S. stocks have sparked a flurry of explanations, from concerns about Michael Saylor’s (MSTR) bitcoin-selling strategy to questions about whether institutional demand is starting to fade. Charles Schwab Director of Digital Currency Research and Strategy Jim Ferraioli sees a simpler explanation: Bitcoin is losing commercial momentum. […]

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Newcomer DeFi expands scope for crypto political campaign funds as elections approach

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Another crypto-focused political action committee, the Defend Developers PAC, has joined the field of campaign finance operations that have in recent years put the industry on the political map. The newcomer won’t compete with the industry-leading super PAC, Fairshake, nor is it expected to reach the scale of mid-level committees that include the Tether-linked Fellowship

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Kraken’s parent company plans to offer tokenized access to the IPO as investors await the debut of SpaceX and Anthropic.

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Kraken’s parent company offers crypto investors one of the most coveted opportunities on Wall Street: participating in IPOs at the same price as institutional investors. Payward, the crypto exchange’s parent company, said Wednesday that it will “soon” allow customers of Kraken and other members of its xStocks alliance to participate in U.S.-listed initial public offerings

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This model puts the fair value of Bitcoin at $224,000.

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A monthly research report from Bitwise’s European arm released this week pegs the theoretical “fair value” of bitcoin at around $224,000 if the asset were widely adopted as portfolio insurance against G20 sovereign debt defaults. The research team, however, described this figure as a “model-implied guideline figure, not a price target or forecast.” This figure

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Every bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer

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Julian Sawyer, CEO of Zodia Custody, described the company’s pending acquisition by Standard Chartered as a “major validation” that highlights a growing reality in traditional finance: traditional banks cannot securely and efficiently create institutional-grade digital asset custody without appropriate software. Instead of treating crypto as an isolated sector, Sawyer noted that the industry is reaching

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Rare physical bitcoin worth $1.78 million cashed in after 12 years

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A physical bitcoin BTC$66,803.93 of the legendary 2011-2013 Casascius coin, its holographic seal was removed on Wednesday and the 25 BTC stored inside, worth $1.70 million at current prices, were transferred to a new wallet. Casascius coins were physical tokens created by software engineer Mike Caldwell in denominations of 0.5, 1, 5, 10, 25, 100

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ETF Flows, Not Strategy Selling, Remain the Main Driver of Bitcoin, Says Citi

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Strategy’s Recent Bitcoin (MSTR) BTC$66,881.93 The sale had a significant impact on market sentiment, but Wall Street bank Citi does not view the move as a change in the company’s long-term strategy. The bank said the sale was anticipated after Strategy announced plans to divest some tax-disfavored bitcoin holdings during its first-quarter earnings call as

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