Bitcoin’s mining concentration problem just showed up on the blockchain itself, triggering a small “reorg.” At the center of the story is Foundry USA, the largest bitcoin mining pool, representing a group of miners who combine their computing power to verify transactions, mine blocks, and split the rewards in BTC. On the blockchain, there are…
As the Iran war rages on, U.S. Treasury yields – the market’s gauge of borrowing costs – have surged to multi-month highs, pricing in delayed Fed rate cuts and higher inflation expectations. The question is at what point the Treasury market, which underpins global finance, starts causing trouble for both the government and the economy,…
The company that built decentralized finance (DeFi) powerhouse Balancer is closing. Balancer co-founder Fernando Martinelli announced Tuesday that Balancer Labs, the corporate entity that incubated and funded the decentralized exchange protocol, will be shutting down. The decision comes roughly five months after a v2 exploit in November 2025 that drained approximately $110 million in digital…
Monday’s ceasefire trade lasted about 18 hours. Bitcoin climbed 3.1% to $70,352 on Tuesday morning, recovering from the weekend’s slide below $68,000, with ether (ETH), solana’s SOL, dogecoin and xrp gaining between 2-4%. The Wall Street Journal reported Tuesday that Saudi Arabia has agreed to give the U.S. military access to King Fahd Air Base,…
Brazil’s new finance minister, Dario Durigan, is expected to delay a public consultation on applying a tax on financial operations, locally known as Imposto sobre Operações Financeiras (IOF) to some cryptocurrency transactions, Reuters reported, citing sources familiar with the matter. Durigan took office on March 20 after Fernando Haddad stepped down to run for governor…
Michael Saylor’s Strategy (MSTR) continued to add to bitcoin holdings last week, but at a vastly reduced pace from recent previous acquisitions. The leading bitcoin treasury company last week added 1,031 bitcoin for a total cost of $76.6 million, or $74,326 per coin. Strategy’s total holdings now stand at 762,099 BTC, acquired for approximately $57.69…
Crypto market traders were whipsawed on both sides on Monday afternoon, with over $400 million in liquidations across long and short positions in the past 4 hours. Bitcoin spiked from $67,500 to above $71,200 on Monday afternoon after U.S. President Donald Trump posted on Truth Social that he had instructed the Pentagon to postpone all…
Bitmine Immersion Technologies (BMNR) said Monday it bought 65,341 ether (ETH) last week, extending a recent surge in purchases as the firm continues to lean into the market downturn. The latest acquisition, worth roughly $138 million at current ETH prices, lifted the firm’s total holdings above 4.66 million tokens, cornering 3.86% of ETH’s circulating supply,…
Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft. The new language, which was announced Friday by Senators Angela Alsobrooks and Thom…
A new venture capital firm focused on prediction markets is launching with backing from Polymarket founder and CEO Shayne Coplan and Kalshi co-founder and CEO Tarek Mansour, Bloomberg reported. The firm, called 5c(c) Capital (named after a section of the Commodity Exchange Act that governs prediction markets) may be the first venture fund built specifically…
