A savvy trader turned a $125,000 investment into nearly $43 million at its peak, before locking in almost $7 million worth of profit after the market downturn decreased their long positions.
Analysts called the market move “a corrective pullback within an uptrend,” ahead of Thursday’s Jackson Hole Economic Symposium.
AI cloud platform Fluidstack has exercised its option to expand at TeraWulf’s (WULF) Lake Mariner data center campus in Western New York. The expansion adds CB-5, a new purpose-built data center building providing an incremental 160 MW of critical IT load, with operations expected to commence in the second half of 2026, according to a … Read more
Strategy (MSTR) — the original and leading bitcoin treasury company — added 430 bitcoin to its stack last week. Led by Executive Chairman Michael Saylor, the company made these latest purchases at an average price of $119,666 each for a total of $51.4 million Strategy now holds 629,376 bitcoin purchased at an average pice of … Read more
Strategy bought $51.4 million in Bitcoin last week as BTC surged to all-time highs above $124,000 last Wednesday, only to dip to $115,000 on Sunday.
During the last half month, we’ve covered a lot of interesting gadgets and apps and thought we’d highlight a few that caught our attention the most. For example, we have a robovac that can mop the edges of your walls (something that my manual mop usually fails at), a charging cable that with any luck … Read more
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The cryptocurrency market experienced broad losses Monday, while U.S. stock index futures held steady ahead of a crucial meeting between European leaders and U.S. President Donald Trump aimed at shaping the future of Ukraine. Market volatility across multiple asset classes declined sharply as investors looked forward to Federal Reserve Chairman Powell’s speech at the Jackson … Read more
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A solo bitcoin (BTC) miner pulled off a rare feat over the weekend, solving block 910440 on their own and pocketing 3.137 BTC worth more than $362,000. The block contained over 4,100 transactions and was processed through CKpool, a platform that allows individuals to contribute hash power without formally joining a mining pool. The miner … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) remains susceptible to further downside, having lost over 7% since hitting record highs above $124,000 on Thursday. Bullish momentum fading The weekly chart (candlestick format) shows that BTC’s ongoing decline follows repeated bull failure to secure a foothold above … Read more
Low demand-side volume and weakening price technicals could spell trouble for the XRP price, as the bulls must reclaim $3 support or face a deeper correction.
The FSC will introduce a bill that’s expected to provide guidelines on issuance, collateral management and internal control systems for stablecoins.
Charles O. Parks III, aka “CP3O,” oversaw a scheme that presented itself to cloud providers as an education platform while mining crypto.
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Bybit, the world’s second-largest cryptocurrency exchange by volume, has introduced spot margin trading for European users of the platform at up to 10x leverage, compliant with the region’s Markets in Crypto Assets (MiCA) regime. The service, announced on Monday, allows users of Austria-based Bybit EU, to borrow funds against their existing crypto holdings, using them … Read more
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By Omkar Godbole (All times ET unless indicated otherwise) There’s a note of caution seeping into crypto markets, with bitcoin (BTC) sliding under $115,000 and ether (ETH) falling to $4,220 ahead of Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium later this week. The CoinDesk 20 Index, a measure of the biggest tokens, … Read more
Despite Bitcoin’s drop, analysts expect favorable outcomes from key macroeconomic events this week to restart the bull run.