Author: admin

On-chain analytics firm CryptoQuant has pointed out how Bitcoin has tended to revisit or stay below the Realized Price in past bear markets. Currently, this level is located at $54,000. Bitcoin Hasn’t Gone Below Realized Price This Cycle In a new post on X, CryptoQuant has talked about what the Realized Price is telling us about Bitcoin right now. The “Realized Price” here refers to an on-chain indicator that keeps track of the cost basis or acquisition level of the average investor on the BTC network. When the spot price of the asset is trading above this metric, it means…

A DeFi protocol just proposed going private as its stewards believe the current DAO structure is creating a hurdle to close institutional deals.Across Protocol’s ACX token jumped 80% to $0.06 on Thursday after the team behind the cross-chain bridging platform published a ‘temp-check’ proposal to dissolve its token structure and convert into a traditional U.S. C-corporation.”As Across deepens our work with institutional and enterprise partners, the token and DAO structure has materially impacted our ability to close partnerships and integrations,” the proposal reads. “Transitioning to a traditional legal entity would meaningfully improve our ability to enter enforceable contracts, structure revenue…

In brief Metaplanet’s board has approved two wholly owned subsidiaries: Metaplanet Ventures and Metaplanet Asset Management. The firm plans to invest $25 million (¥4 billion) over two to three years in Japan’s Bitcoin ecosystem. Its first investment is up to $2.6 million (¥400 million) into JPYC, Japan’s first licensed yen stablecoin, as part of the firm’s Series B round. Metaplanet is moving to broaden its Bitcoin strategy beyond simply accumulating the crypto, unveiling a new venture arm and investment initiative aimed at supporting Japan’s emerging Bitcoin infrastructure ecosystem.The Tokyo-listed firm said on Thursday its board has approved the creation of…

Stablecoin yield providers will inject more capital into the US banking system, argues White House Council of Advisors for Digital Assets executive director Patrick Witt, amid debate over whether stablecoin yields will draw deposits away. “Foreigners exchange local currency for stablecoins from a US-based issuer,” Witt said in an X post on Wednesday, adding that “global demand for USD is massive.”“That is net new capital entering the American banking system,” Witt said. Most US stablecoin issuers hold US dollars or US Treasuries to back each token issued.Banking and crypto industry clash over stablecoin yieldsThe US dollar index, which tracks the strength…

Prediction market Kalshi has sued regulators in the US state of Iowa, claiming it did so as there was a risk of an impending enforcement action over its sports event contracts.Kalshi sued Iowa Attorney General Brenna Bird, along with the Iowa Racing and Gaming Commission and its board, in an Iowa federal court on Wednesday, claiming there “is a substantial risk” Bird would bring enforcement action to block the company’s event contracts.In its complaint, Kalshi said a company representative met with Bird for what was believed to be a discussion about a tax bill currently under consideration in the Iowa…

QCP sees Bitcoin as a ‘stress barometer’ amid macro, geopolitical risks. BTC continues to eye $70,000 as support, with gains key to upside continuation. Breakdown risks BTC retesting $63k lows, where prior dip-buying emerged. Bitcoin (BTC) continues to show resilience near the critical $70,000 level after today’s US CPI data. The bellwether digital asset had traded slightly off this mark earlier in the day. According to analysts at Singapore-based trading firm QCP Capital, Bitcoin’s uptick from lows of $63,000 suggests stabilisation. However, the continued fluctuation around the $70k mark signals that the market is yet to return to full risk-on…

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…

Payment transaction volumes among artificial intelligence agents are more than 90% lower than reports suggest, but crypto giants are pouring billions into building the infrastructure around it.AI agents are starting to buy things, but “the numbers are inconsistent,” Andreessen Horowitz (a16z) partner Noah Levine wrote in an X post on Wednesday.He said a Bloomberg article on Saturday reported that AI agents made $24 million in payments over a 30-day period, citing data from x402.org.Levine said that data from Allium Labs shows there have been roughly $3 million in AI agent transactions over the same period. Filtering out wash trades shrinks…

Bitcoin climbed back above $70,000 Tuesday as crude oil staged a sharp reversal, easing near-term fears of accelerating inflation and giving digital asset markets room to recover.According to CryptoSlate’s data, the largest digital currency jumped over 5% in the last 24 hours, peaking at around $71,164 after slipping below $68,000 earlier in the session.Brent crude fell more than 6% to around $90 a barrel, retracing much of the previous day’s surge that had briefly pushed the international benchmark to nearly $120. West Texas Intermediate (WTI), the US benchmark, fell by a similar margin as traders reassessed how long a geopolitical…

Bitcoin BTC$69,911.87 touched $71,612 on Tuesday evening before settling back to $70,036 by Wednesday’s Asian session, as oil price slide revved up risk sentiment. A key catalyst was a Wall Street Journal report that the International Energy Agency had proposed the largest crude reserve release in its history, exceeding the 182 million barrels released in 2022 after Russia’s invasion of Ukraine. The proposal responds to Persian Gulf production cuts that have removed roughly 6% of global oil output since the Iran war began, sending jet fuel and cooking gas prices soaring worldwide.Brent crude dropped below $90 per barrel on Wednesday…