Bitcoin Stabilizes at 2023 Cost Basis
Bitcoin finds support at the 2023 average realized price of $63,700, previously tested in February. Current trading above $70,000 leaves 2026 buyers underwater. #Update #Crypto $BTC
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Bitcoin Surges Amid Trump Iran War Tensions
U.S. Treasury yields hit 4.37% amid the Iran war, with a critical threshold at 4.5%-4.6% potentially pressuring the Trump administration to alter its strategy, impacting risk appetite for $BTC. #Update #Crypto $BTC
Bitcoin Rises as Gulf Allies Join Iran Conflict
Bitcoin rose 3.1% to $70,352 as Gulf allies move toward conflict involvement, while gold experiences record losses. Traditional markets react negatively. #Update #Crypto $BTC
Stablecoins Surge as Pharma Firm Holds 9% SKY
NovaBay Pharmaceuticals rebrands as Stablecoin Development Corporation, raising $134M to acquire 2.06B SKY tokens (8.78% of supply) and earn staking rewards. $SKY down 1.45%. #Update #Crypto $SKY
Bitcoin Holds Steady Above $70000 Amid Talks
Bitcoin $BTC held above $70,000 after a surge, up 3.8% in 24 hours; altcoins like $ETH and $SOL gained around 5%. Future direction depends on U.S.-Iran developments. #Update #Crypto $BTC
Stablecoin Yield Banned Under Clarity Act
Senators Angela Alsobrooks and Thom Tillis revealed a revised stablecoin yield provision in the Digital Asset Market Clarity Act, banning rewards on balances, potentially stalling crypto industry progress. #Update #Crypto
Prediction Market Surge Fuels New VC Fund
A new venture capital firm, 5c(c) Capital, focused on prediction markets launches with backing from @Polymarket and @Kalshi CEOs, aiming to raise $35M for early-stage investments. #Update #Crypto $USDC
Tokenized Funds Revolutionize Wall Street Dynamics
@BlackRock’s Larry Fink advocates for digital assets and tokenization to enhance financial access in his letter to shareholders, emphasizing the need for systemic upgrades amid rising inequality. #Update #Crypto $BTC $ETH
Bitcoin Strategy Boosts Capital to $42 Billion
@MicroStrategy has launched a $42 billion ATM equity program, including $21 billion in Class A stock and $21 billion in preferred stock, expanding its capital-raising efforts for potential Bitcoin purchases. #Update #Crypto $BTC
Bitcoin Cash Gains 2.3% Leading Index Higher
The CoinDesk 20 Index is at 2025.84, up 0.2%. Leaders include $BCH (+2.3%) and $SOL (+1.0%), while laggards are $APT (-5.3%) and $ICP (-3.6%). #Update #Crypto $BCH
Bitcoin Retreats to $68K as Traders Target $70K
Bitcoin $BTC is trading near $68,250 after a selloff linked to geopolitical tensions, leaving a CME gap; over $400M in leveraged futures were liquidated. #Update #Crypto $BTC
Oil Silver Trading Surpasses XRP Solana Popularity
Leveraged traders on @Hyperliquid are prioritizing oil and silver over crypto, with $500M in oil trades and $412M in silver, while $SOL and $XRP lag behind. #Update #Crypto $SOL $XRP
FTX Creditors Challenge Parents’ No Loss Claims
@BarbaraFried and @JosephBankman claim no customer money was lost in FTX’s collapse, as $2.2 billion is set for distribution; creditors dispute this, stating they are not whole. #Update #Crypto $BTC
SEC Clarifies Crypto Security Guidelines
The SEC and CFTC issued guidance defining crypto securities, with the SEC categorizing many crypto assets as non-securities; Arizona filed criminal charges against a prediction market provider. #Update #Crypto $BTC