Large Bitcoin Holders Added $5.4B in BTC in July, Data Show
Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.
Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare
The price action happened as Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.
Traders boost bets Fed goes big on Sept rate cut
But as Powell during his post-meeting news conference repeatedly said the central bank has room to respond if the labor market unexpectedly weakens, markets began a turn. Rate futures prices now reflect about a 17% chance of a 50-basis point rate cut in September, versus about 5% before Powell began speaking. Prices also reflect increased confidence the Fed will cut a total of 75 basis points over its final three meetings of the year, most likely in 25-basis-point increments, bringing the policy rate down to a 4.5%-4.75% range.
The Protocol: Bitcoin Gets Political as U.S. Government Ponders Airdrops
In this week's issue of CoinDesk's newsletter on blockchain tech, we examine U.S. Senator Cynthia Lummis's call for a national "Bitcoin Strategic Reserve." We've also got phot...
It's a Different Sort of Olympics as Cryptographers Face Off in Polyhedra's 'Proof Arena'
This team of cryptographers claimed their "prover" – a key component of many blockchain systems – was faster than anyone else's. Now they've built a platform they say will pro...
Crypto startups to see $12 billion of venture capital funding in 2024
They've already attracted $5.5 billion in investments this year.
Tether Nets $5B Profits This Year, Says Its U.S. Debt Holdings Surpassed Germany's
The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.
Trump reportedly raises more than $20 million at The Bitcoin Conference
Trump notched a solid fundraise after his keynote speech at the Bitcoin Conference sold industry leaders and enthusiasts
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