The $292 million Kelp DAO mining and its consequences for crypto lending markets have hit decentralized finance (DeFi) at a pivotal moment. Just as Wall Street firms have delved deeper into onchain markets, the incident revealed how fragile elements of the system remain and how much work remains to be done before institutions can increase […]
Prediction markets are moving from one-off bets tied to major events to platforms driven by daily user engagement, according to a new report from Bitget Wallet in partnership with Polymarket. Trading volume on Polymarket reached $25.7 billion in March, but the report highlights a deeper shift in behavior. Based on 1.29 million wallet activity in
The S&P 500 just closed at another all-time high while Bitcoin hit the $80,000 level again earlier Saturday. The largest cryptocurrency traded at $78,180 on Saturday, up 0.8% for the week and recovering from Wednesday’s low near $75,500 following new reports of military escalation in Iran. The rebound came alongside reports on Friday that Tehran
Bitcoin above $78,000, ETH, SOL and DOGE rise as Senate clears Clarity Act yield hurdle Read More »
Bitcoin’s quantum computing problems have always had a Satoshi problem. Millions of bitcoins stored in old wallets with exposed public keys could be vulnerable to theft if sufficiently powerful quantum computers arrive. This includes approximately 1.1 million bitcoins attributed to pseudonymous creator Satoshi Nakamoto, currently worth around $84 billion. The obvious defense is a soft
Yoshiko Kodama’s family has run a traditional public bathhouse in the mountainous town of Nagano, Japan, for 138 years. The company has survived several world wars, five emperors and three cataclysmic earthquakes. But the conflict in Iran threatens to bankrupt its sento, as Japanese institutions are called. Heating the water that flows from Ms. Kodama’s
Even Japanese baths are not safe from the shocks of the Iran war Read More »
Netflix announced Friday that it will, for the first time, release a film theatrically widely for more than a month before making it available on the company’s streaming service. The film, “Narnia: The Magician’s Nephew” by Greta Gerwig, will be released in theaters on February 12, Netflix announced, then on the streaming service on April
Netflix plans first large-scale theatrical release with ‘Narnia’ Read More »
Stablecoin yield would be prohibited under a recently released agreement addressing this controversial part of crypto market structure legislation, in an approach largely similar to what has been discussed since the start of the year. The new section of the Digital Asset Market Clarity Act released Friday revealed that the compromise crafted by U.S. Senators
Shares of Riot Platforms (RIOT) jumped about 8% on Friday after Advanced Micro Devices (AMD) expanded its capacity at the Rockdale, Texas, campus, highlighting Riot’s continued pivot from Bitcoin mining to AI and high-performance computing. According to first quarter financial results, AMD exercised an option to double its contracted capacity to 50 megawatts (MW), with
Riot shares rise after AMD increases data center capacity to potential 150 megawatts Read More »
Tether slows its gold purchases to 6 tonnes in the first quarter
Tether slows its gold purchases to 6 tonnes in the first quarter Read More »
Those looking for new narratives around Bitcoin are so desperate that they border on madness. A popular crypto account on Sarcastic or not (and I’m not convinced this post was), if that’s what market pundits are propagating, Jamie Dimon’s comparison of bitcoin to “pet rocks” might actually turn out to be true. But perhaps ironically,
A new narrative for Bitcoin that will last Read More »
