Coinbase has announced a partnership with decentralized money market Morpho to provide on-chain USD Coin (USDC) loans collateralized by Bitcoin (BTC). This service, facilitated on the Base layer-2 blockchain, allows users to borrow USDC by pledging their Bitcoin, which is automatically converted to Coinbase Wrapped Bitcoin (cbBTC) and transferred to Morpho. Loans are subject to … Read more
Robert Mitchnick, BlackRock’s head of digital assets, acknowledged the significant success of the firm’s Bitcoin ETF in its debut year, marked by record inflows and asset growth fueled by retail investor enthusiasm and Bitcoin’s surge past $100,000. However, he cautioned that market volatility may present challenges in 2025. While recent outflows have been observed, … Read more
Oklahoma is the latest US state to consider integrating Bitcoin into its treasury. Representative Cody Maynard introduced House Bill 1203, the “Strategic Bitcoin Reserve Act,” on January 15th, aiming to allow state pension funds and savings accounts to invest up to 10% of their assets in the cryptocurrency. Hedging Against Inflation The bill emphasizes … Read more
Binance, a leading cryptocurrency exchange, witnessed a significant jump in Bitcoin Open Interest (OI) following the release of the US Consumer Price Index (CPI) report. The data, which revealed lower-than-expected core inflation in December, ignited optimism among crypto investors, fueling a rally across the market. According to CryptoQuant contributor Burakkesmeci, Binance’s Bitcoin OI surged by … Read more
Bitcoin’s recent surge has brought the leading cryptocurrency to the $100,000 mark, sparking excitement in the market. However, renowned analyst Benjamin Cowen believes that the next few weeks will be crucial in determining whether Bitcoin can maintain its upward momentum or enter a period of consolidation. Cowen identifies the $90,000 level as a critical support … Read more
The Thai Securities and Exchange Commission (SEC) is currently investigating the potential approval of a Bitcoin exchange-traded fund (ETF) for listing on domestic exchanges. This move could significantly boost Thailand’s position as a growing hub for digital asset investment. According to Secretary-General Pornanong Budsaratragoon, the SEC is considering allowing both individual and institutional investors … Read more
Renowned Bitcoin advocate and investor Anthony Pompliano has put forward a game-changing proposal to President-elect Donald Trump, outlining three key strategies to accelerate Bitcoin (BTC) adoption in the United States. Pompliano’s vision aims to establish Trump as a pioneer in the digital currency revolution, positioning the U.S. to take a leadership role in the global … Read more
Bitcoin’s recent surge, while impressive, is accompanied by a notable slowdown in stablecoin inflows, suggesting growing investor caution. Historical Precedent: The Trump Pump Last year’s “Trump Pump” saw a dramatic increase in stablecoin supply, fueling a significant Bitcoin rally. This correlation highlights the crucial role of liquidity in driving crypto market momentum. Current Market Dynamics … Read more
Texas is poised to become a pioneer in cryptocurrency adoption with a new law that allows the use of Bitcoin to pay state taxes, fees, and donations. This move solidifies the state’s position as a leading hub for cryptocurrency mining and innovation. State Representative Tan Parker introduced the legislation, emphasizing the need for Texas to … Read more
El Salvador, the first country to adopt Bitcoin as legal tender in 2021, continues to push the boundaries of cryptocurrency adoption. The nation is now setting its sights on surpassing Bhutan in Bitcoin per capita, a bold move that aims to decentralize wealth and empower its citizens. At the heart of this ambitious plan lies … Read more