Venture capitalist David Sacks, who holds the informal title of U.S. “Crypto and AI Czar,” is publicly criticizing major banks and wealth platforms for what he calls the “last vestige of debanking.” Sacks is referring to the widespread restrictions that prevent many investors from accessing Bitcoin exchange-traded funds (ETFs). According to data from Tephra Digital, … Read more
After reaching an all-time high of $122,054 on July 14, Bitcoin (BTC) has been trading in a narrow range between $111,855 and $116,952, indicating market uncertainty. A recent analysis from CryptoQuant suggests that the current bull run could be nearing its end due to several key indicators. CryptoQuant analyst Arab Chain noted a significant increase … Read more
El Salvador has announced its intention to introduce “Bitcoin Banks” into its economy, a move that aligns with President Nayib Bukele’s broader strategy to integrate Bitcoin into the country’s financial system. While the details are currently sparse, an official post on X declared that “Bitcoin Banks are coming to Bitcoin country.” This initiative could potentially … Read more
Bitcoin is currently trading between $116,000 and $117,000, with a market cap of around $2.3 trillion. This period is being described by analysts as a “compressed spring” where the market is building momentum for its next major move. Technical analysts are watching key support levels around $114,000–$116,000 to determine the short-term price direction. After a … Read more
IREN Limited has emerged as a top performer in the Bitcoin mining sector, outperforming rival MARA Holdings in both production and operational efficiency. In a recent announcement, IREN reported mining 728 BTC in July, surpassing MARA’s 703 BTC, despite operating with a smaller fleet. IREN’s fleet efficiency was impressive, using over 90% of its total … Read more
Parataxis Holdings LLC, a digital asset management firm, is going public on the NYSE through a merger with the Special Purpose Acquisition Company (SPAC), SilverBox Corp IV (SBXD). The new entity, named Parataxis Holdings Inc., will trade under the ticker PRTX. The primary goal of the merger is to establish a Bitcoin Treasury, targeting both … Read more
After four consecutive days of net outflows, U.S. spot Bitcoin exchange-traded funds (ETFs) have seen a significant reversal, recording a total of $91.5 million in net inflows on Wednesday. The resurgence was led by BlackRock’s IBIT with $42 million, followed by Bitwise’s BITB with $26.35 million and Grayscale’s GBTC with $14.5 million. This renewed interest … Read more
A new report from the Federal Reserve has sparked a debate about using gains from the U.S. gold reserves to establish a strategic Bitcoin reserve. This proposal comes as the government shows increasing interest in cryptocurrencies and their potential role in national finance. While President Donald Trump signed an executive order to create a Strategic … Read more
Bakkt Holdings, a U.S.-based crypto platform, is significantly expanding its focus on Bitcoin by acquiring a substantial stake in Japan’s Marusho Hotta. This deal will make Bakkt the largest shareholder in the Tokyo Stock Exchange-listed company. Subject to shareholder approval, Marusho Hotta will undergo a complete transformation, rebranding as bitcoin.jp and integrating digital assets, particularly … Read more
In a significant move for Japan’s cryptocurrency market, SBI Holdings has submitted an application to the country’s Financial Services Agency (FSA) for two new crypto asset ETFs. The proposed ETFs are designed to provide regulated exposure to XRP, Bitcoin, and gold-backed digital assets. If approved, this would be a landmark development, as these would be … Read more