Strategy's Michael Saylor again hints at impending BTC purchase
The biggest Bitcoin treasury company’s data shows holdings are profitable, having gained about 3.3% amid Bitcoin’s rally to about $78,000. Source link
crypto
Read More
'Historical average' could push Bitcoin bottom at $57K level: Analyst
Bitcoin was “rejected” from the $80,000 price level, which is its next resistance zone on the way to reclaiming the $100,000 psychological price level. Source link
Coinbase’s John D’Agostino says crypto platform stands alone as industry’s full-service prime broker
Coinbase (COIN) has quietly crossed a threshold that Wall Street would recognize immediately: it has become, by its own definition, the only full-service prime brokerage in crypto. John D’Agostino, head of strategy at Coinbase Institutional, said the definition of a prime broker still follows a familiar Wall Street checklist: trading, custody, financing, derivatives and cross-margining….
Only 3% of traders drive Polymarket’s accuracy, not the crowd, study finds
The Green Beret arrested for betting on a classified U.S. raid looked like a one-off scandal for prediction markets. A new study suggests he may be a more troubling data point: an extreme example of the small group of informed traders who, as the soldier is accused of doing, actually move prices on Polymarket, while…
Running out of time on Clarity: State of Crypto
The crypto market structure bill has not made much public movement in a month. While making a prognosis on the bill is difficult, it’s not hard to see that the clock for passage is running out. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to…
Why DeFi is not dead after the KelpDAO exploit
The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is broken again. It is also probably the laziest. The KelpDAO exploit over the weekend was serious. It appears to have started with a targeted attack on infrastructure used in LayerZero’s verification…
Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage
Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year’s largest decentralized finance (DeFi) exploit, Arkham posted on X on Saturday. “AAVE have so far raised $160M to cover the bad debt from the Kelp DAO Exploit, at defiunited.eth,” the blockchain analytics…
Freezing dormant BTC would trigger worst single day repricing in bitcoin’s history, says maximalist
Freezing dormant bitcoin BTC$78,081.34 would trigger an immediate repricing and mark one of the world’s oldest cryptocurrency’s worst trading days since its 2009 launch, advocates told CoinDesk. Bitcoin developers and crypto industry participants have debated for weeks whether they should freeze dormant tokens to protect them against the risk of theft through quantum computing, whenever…
What next as Bitcoin (BTC) whales go long despite bearish bets piling up
The biggest traders on Hyperliquid have been building a long bitcoin BTC$77,961.37 position for two months, and the price chart is starting to break their way. Glassnode data shows whale positioning on Hyperliquid, the onchain perpetual futures exchange, flipped from net short to net long in early March and has stayed long ever since, with…
Bybit CEO says firms need MiFID, EMI licenses for European profit
Snagging a Markets in Crypto Assets (MiCA) license to operate in Europe is great, but, alone, it won’t be enough to turn a profit, according to Ben Zhou, the CEO of Bybit, one of the largest cryptocurrency trading platforms. MiCA doesn’t cover the full range of products, such as derivatives and tokenized assets, needed to…