Bitcoin Holds $78,000 as Treasury Yields Test the Risk Trade
Ten-year yields above 4.8% and firming rate-hike expectations have done more to set bitcoin's range this month than anything happening on-chain.
Markets
Schwab Adds Solana, Avalanche and Chainlink to Crypto Lineup
US financial services giant Charles Schwab plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its crypto trading platform in the coming months, expanding its direct cryptocurrency offering beyond…
Strategy Raises $334M in Stock Sales, Holds Bitcoin Steady
Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion. Strategy raised $333.7 million through common stock sales last week but made no…
Gemini Q2: $108M Net Loss Despite 37% Revenue Growth
Cryptocurrency exchange Gemini reported a 37% year-over-year increase in second-quarter revenue to $45.5 million, while posting a $107.7 million net loss as exchange trading weakened. Exchange revenue fell 38% to $12.5…
eToro to acquire TradeZero after crypto revenue falls 30%
Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday. In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2…
Situational Awareness Makes $400M Bet After Near Collapse
Situational Awareness reportedly made a $400 million investment in an undisclosed company, days after the hedge fund nearly collapsed following July’s AI stock crash. Situational Awareness, the hedge fund founded by…
Cramer to Sell Bitcoin Citing Quantum Concerns
Former hedge fund manager and CNBC “Mad Money” host Jim Cramer said he plans to sell all his Bitcoin due to quantum computing fears. “I’m going to sell mine [Bitcoin],” said Cramer during a Friday Mad Money episode…
Bitcoin May Bottom in August, 10x Research Says
Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, according to 10x Research. Markus Thielen, founder of 10x Research, said in a Monday report shared with Cointelegraph that Bitcoin…
BitMart to Wind Down Exchange as BMX Plummets
BitMart will wind down its cryptocurrency exchange, ending all trading services on Aug. 26 before ceasing operations entirely on Jan. 31, 2027. “After a careful evaluation of the Company’s operating conditions, market…
Ethereum ETFs End Five-Day Inflow Streak
US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak. Ethereum funds saw $211.25 million in net inflows over the previous five sessions…
Bitcoin ETFs End Seven-Day Inflow Run
Bitcoin ETFs snap seven-day inflow streak with $225M in outflows After attracting nearly $1 billion over seven trading sessions, US-listed spot Bitcoin ETFs recorded their first daily net outflow since July 13…
Bitcoin Spot ETFs Near $1 Billion After Seven Days
Bitcoin ETFs approach $1B in 7-session inflow run US spot Bitcoin ETFs recorded $69 million in inflows on Wednesday, extending their inflow streak to seven sessions and bringing total inflows during the period to nearly…