Pseudonymous crypto trader NoName says Ethereum has just crossed into the price zone where its bear market has historically bottomed, pointing to four straight lower highs as proof the downtrend has run its course. The trader, who is buying through the dip with a long-term target of $7,000, argues that the same crowd psychology that…
Strategy’s newly published metric shows Bitcoin could decline at a constant annual rate of 11.34% across the weighted duration of the company’s credit structure before its modeled coverage falls below 1.0x. The BTC Floor ARR stood at -11.34% at 3:35 p.m. BST on July 24, when Strategy’s dashboard showed a weighted credit duration of 5.79…
Jack Mallers says Bitcoin’s bear market has left him “getting my ass kicked,” but the Strike founder believes that is exactly what makes the asset different from traditional financial systems. In an essay published Friday, just days after stepping down as CEO of Twenty One Capital, Mallers argued that Bitcoin’s painful downturns expose reality instead…
A 15-page federal criminal complaint details how investigators combined a Bitcoin trail with Google cookies, phone records, and more than 500 Uber Eats deliveries to identify Zyaire Dontaevious Zamarion Wilkins as the alleged financier and marketer of a Steam malware campaign. A later search uncovered a Monero seed phrase tied to roughly $382,000 in cumulative…
BKX Services Inc. and David Namdar have filed a class action lawsuit against BitMEX. The plaintiffs accuse the exchange of market manipulation and misappropriating nearly 623 BTC due to forced liquidations. Lawsuit Questions BitMEX’s Liquidation Practices Filed on the same day the exchange announced it would shut down, the two claim that BitMEX’s internal trading…
Bitcoin’s mid-week price rally that drove it to a monthly peak of $67,000 came to a halt, and the asset dipped below $64,000 earlier today, erasing essentially all the gains it had recorded. Here are the two possible reasons behind this nosedive. ETF Investor Exodus At first, we begin with the spot exchange-traded funds tracking…
US spot Bitcoin ETFs recorded $225 million in net outflows on July 23, ending a seven-session inflow streak as net redemptions from BlackRock’s iShares Bitcoin Trust dominated the reversal. IBIT posted a $202 million net outflow, accounting for 89.96% of the US spot Bitcoin ETF sector’s aggregate net outflow. Five other funds recorded combined outflows…
Zilliqa has suspended native transactions after discovering that roughly five affected signatures from the same private key may provide enough information to reconstruct that key, creating a recovery problem that an ordinary transfer cannot safely solve. The vulnerability is confined to Schnorr signatures generated for native, non-EVM transactions through the Zilliqa Ledger app, according to…
Senate Democrats are mounting a fresh push to rewrite the CLARITY Act’s ethics provisions after dismissing the White House-backed proposal unveiled by GOP senators, according to Politico. Senator Ruben Gallego blasted the latest draft and said that the proposal Republicans sent back was “not a serious effort” despite months of bipartisan negotiations. Dispute Deepens in…
The revised CLARITY Act is exposing unusual divisions across Wall Street, Washington and the crypto industry as lawmakers struggle to build support for a Senate vote. Senate Republicans this week released a new draft that would bar the president and other federal officials from issuing or sponsoring digital assets. The changes have drawn sharply different…