As oil rises above $100 amid escalating tensions in the Middle East, the question for the Bitcoin network and miners is not whether their electricity bills will rise, but whether the price of Bitcoin will fall. The direct effect of oil shocks on mining costs will likely be limited, but the broader macroeconomic consequences could […]
BTC Mining Faces Price Risk, Not Power Cost Shock, As Oil Surges Above $100 Read More »
Circle (CRCL) has recently outperformed other crypto-related stocks, a move that investment bank William Blair said reflects more than just changing macroeconomic conditions. “It is tempting to attribute the recent strength to rising oil prices and perhaps a more hawkish Fed,” analysts Andrew Jeffrey and Adib Choudhury wrote in a note to clients Thursday. “We
Circle (CRCL) Overtakes Crypto Stocks as Stablecoin Thesis Gains Momentum: William Blair Read More »
BTCC TradFi hits record single-day volume of $60 million in gold and $33 million in oil amid geopolitical tensions
On-chain data from Glassnode shows that bitcoin holders in almost all wallet cohorts have returned to aggressive selling amid ongoing geopolitical tensions in the Middle East. Distribution is primarily driven by retail investors, who appear to be the main source of selling pressure. Glassnode’s accumulation trend score, which measures whether different groups of wallets are
Holders large and small are selling, but BTC remains resilient Read More »
new video uploaded: Why is oil so important to the global economy? The war in the Middle East has caused oil and gas prices to skyrocket. Our energy reporter, Rebecca F. Elliott, explains how the world continues to rely on reliable sources of oil. By Rebecca F. Elliott, Sutton Raphael, Joey Sendaydiego, James Surdam and
Why is oil so important to the global economy? Read More »
Tether, the crypto company behind the most popular USDT stablecoin, said Thursday that it has invested in Ark Labs to bring programmable payments to the Bitcoin network. The support was part of a $5.2 million funding round for the startup. Ark Labs develops Arkade, a system that aims to enable faster transactions and the creation
Tether aims to bring stablecoins and payments to Bitcoin with investment in Ark Labs Read More »
Cryptio, a developer of accounting software for digital assets, raised $45 million in a Series B funding round as financial institutions and businesses expand their use of blockchain-based assets. The round closed about three weeks ago and was led by BlackFin Capital Partners and Sentinel Global. Existing investors 1kx, BlueYard Capital and Ledger Cathay Capital
Crypto accounting firm Cryptio raises $45M in Series B funding round Read More »
Following the launch of the first wave of no-stakes cash (ETH) exchange-traded funds, BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), one of the most anticipated releases in the industry, begins trading on Nasdaq on Thursday. The fund is the asset manager’s third crypto ETF and BlackRock’s first to integrate staking. ETHB will hold spot ether
BlackRock Launches Staked Ether ETF as Demand for Crypto Fund Yield Rises Read More »
The derivatives market on major digital asset exchange Binance does more than five times as much activity as the spot market, suggesting volatile market conditions. The volume ratio of spot futures on the exchange rose to around 5.1, its highest level since mid-2023, according to CryptoQuant data. The ratio is an indicator of the type
Futures trading is now five times bigger than spot trading on Binance Read More »
An estimated 7,000 bitcoins were purchased this week through Strategy’s (MSTR) Stretch Perpetual Preferred Stock (STRC), underscoring how quickly the high-yielding instrument has become a key driver of the company’s bitcoin accumulation. But the structure carries risks, according to Alexander Blume, CEO of Two Prime, an SEC-registered investment advisor that focuses on institutional bitcoin yield
