Bitcoin open interest dives, but bottom could see ‘renewed bullish trend’
Bitcoin open interest has seen a sharp decline in the last month, which one analyst says could form a “solid bottom” for it to climb back from.
Bitcoin open interest has seen a sharp decline in the last month, which one analyst says could form a “solid bottom” for it to climb back from.
The administration’s DOGE office has gone dormant months early as the White House weighs easier paths to close federal units.
JPMorgan Chase’s move has renewed scrutiny of alleged anti-crypto debanking despite a Trump order banning the practice.
DOGE – the memecoin – edged past the CoinDesk 20 and the CoinDesk memecoin index as the White House announced Elon Musk’s government efficiency initiative is to shutter.
The U.S.-listed spot bitcoin ETFs saw a record $40 billion in trading volume last week, with IBIT leading the way.
Bitwise’s Matt Hougan says tokens are getting better at returning value to holders, and Ethereum’s Fusako upgrade could “increase token value capture.”
Bitcoin’s longest weekly slump in over a year puts it on track for its worst quarter since 2018, with a potential bull trap looming.
Jan van Eck says quantum computing could threaten Bitcoin’s encryption and privacy, and his firm “will walk away” if it’s “fundamentally broken.”
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NYSE Arca has greenlit the launch of Grayscale’s exchange-traded funds tied to Dogecoin and XRP, with the products set to go live for trading on Monday.
Exchange-traded fund inflows and crypto treasury demand were key to Bitcoin’s all-time high, but they’re now causing its decline, says NYDIG’s Greg Cipolaro.
Bitwise’s Hougan argues that structural drag in DATs outweighs the few uncertain paths firms have to lift their crypto-per-share.
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In April, Elon Musk began backing away from his role as head of DOGE. By June, he was more or less fully gone from DC. In his wake, he left a power vacuum and significant ill will that has apparently led to the dissolution of DOGE eight months before its charter expires. To call Musk’s … Read more
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