Bitcoin Nears Blowoff or Cycle Top
Bitcoin analyst Bob Loukas predicts a potential blowoff top in Q4 or confirms the cycle peak already occurred at month 33. BTC trades at $111,740.
Bitcoin analyst Bob Loukas predicts a potential blowoff top in Q4 or confirms the cycle peak already occurred at month 33. BTC trades at $111,740.
Bitcoin teeters at $111,248 with a market cap of $2.22 trillion and 24-hour volume of $51.78 billion, showing volatile swings between $111,115 and $114,005. #Update #Crypto $BTC
CoreWeave secures a deal with OpenAI worth up to $6.5 billion, supporting rapid AI infrastructure scaling amid rising demand. #Update #Tech
Nine European banks, including @ING, @UniCredit, and @CaixaBank, plan to launch a MiCA-compliant Euro stablecoin in 2026 to enhance digital payments and challenge the US market dominance. #Breaking #Crypto $EURC
Israeli cybersecurity startup @Hypernative secures $40M in Series B funding to enhance real-time threat detection for Web3 projects, supporting over 200 initiatives with $100B in assets. #Update #Crypto
US spot Bitcoin ETF flows have slowed after significant prior inflows, indicating weaker institutional demand that may lead $BTC into a prolonged correction phase. #Update #Crypto $BTC
Raoul Pal highlights a breakdown in Bitcoin’s correlation with global M2 money supply since July, attributing it to U.S. Treasury actions draining liquidity; he expects normalization soon. #Update #Crypto $BTC
South Korea’s @Naver is negotiating a share swap with Upbit operator Dunamu, exploring stablecoin projects; no terms finalized yet. Naver shares rose 11.4%. #Update #Crypto
Mechanism Capital’s Andrew Kang criticized Tom Lee’s Ethereum thesis on X, challenging its financial logic and market assumptions. ETH trades near $4,000. Crypto $ETH
Venezuela shifts public spending to $USDT over dollars, marking a significant move toward stablecoins amid economic challenges. #Update #Crypto $USDT
Kamino, Solana’s top lending protocol, launched a security page detailing protections for $4B in user deposits, highlighting partnerships and audits confirming zero vulnerabilities. #Update #DeFi $SOL
Ethereum co-founder Vitalik Buterin highlights Peer Data Availability Sampling (PeerDAS) as essential for managing blob storage demands, with Ethereum’s blobs per block increasing to six. #Update #Crypto $ETH
A consortium of nine European banks, including @ING and @UniCredit, plans to launch a euro-backed stablecoin by 2026 to enhance EU financial autonomy and comply with MiCAR regulations. #Update #Crypto $EURC
Coffee shops, fast-food chains, and retailers like @Starbucks and @Microsoft now accept $BTC, $ETH, and $XRP payments. Crypto is increasingly integrated into everyday transactions and luxury purchases. #Update #Crypto $BTC $ETH $XRP