Bitcoin slipped below $85,000 overnight, triggering nearly $600 million in liquidated long positions across crypto markets within 24 hours as expectations mounted that the Bank of Japan will hike interest rates this week. As of press time, Bitcoin recovered slightly to around $86,000. The drop wiped out $218.7 million in Bitcoin long positions and $213 …
Bitcoin slipped below $85,000 overnight, triggering nearly $600 million in liquidated long positions across crypto markets within 24 hours as expectations mounted that the Bank of Japan will hike interest rates this week. As of press time, Bitcoin recovered slightly to around $86,000. The drop wiped out $218.7 million in Bitcoin long positions and $213 …
JPMorgan recently issued $50 million in US commercial paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton as buyers. The bank created an on-chain USCP token, settling both issuance and redemption cash flows in USDC rather than bank wires. Both issuance and servicing of the deal ran entirely on blockchain rails. As a …
Bitcoin slipped below $85,000 overnight, triggering nearly $600 million in liquidated long positions across crypto markets within 24 hours as expectations mounted that the Bank of Japan will hike interest rates this week. As of press time, Bitcoin recovered slightly to around $86,000. The drop wiped out $218.7 million in Bitcoin long positions and $213 …
YouTube has added PayPal's PYUSD stablecoin as a payout option for U.S. creators. The choice routes through PayPal's payout infrastructure rather than requiring YouTube to custody or transfer crypto directly. According to Fortune, PayPal crypto chief May Zabaneh confirmed the arrangement. Google and YouTube also confirmed PYUSD was added as a payout option for eligible …
JPMorgan recently issued $50 million in US commercial paper for Galaxy Digital on Solana, with Coinbase and Franklin Templeton as buyers. The bank created an on-chain USCP token, settling both issuance and redemption cash flows in USDC rather than bank wires. Both issuance and servicing of the deal ran entirely on blockchain rails. As a …
Bitcoin’s big buyers seem to have stepped off the gas. For the better part of the last year or so, it felt like there was a constant tailwind behind Bitcoin’s price. ETFs vacuumed up coins, stablecoin balances kept climbing, and traders were willing to go to insane levels of leverage to bet on more upside. …
As of Dec. 8, Bitcoin ETFs hold 1,495,160 BTC and public companies hold 1,076,061 BTC. Combined, that’s roughly 2.57 million BTC, substantially more than the 2.09 million BTC sitting on centralized exchanges. The most price-sensitive inventory in Bitcoin’s 19.8 million circulating supply has migrated out of exchange wallets and into structures that respond to different …
Bitcoin’s big buyers seem to have stepped off the gas. For the better part of the last year or so, it felt like there was a constant tailwind behind Bitcoin’s price. ETFs vacuumed up coins, stablecoin balances kept climbing, and traders were willing to go to insane levels of leverage to bet on more upside. …
As of Dec. 8, Bitcoin ETFs hold 1,495,160 BTC and public companies hold 1,076,061 BTC. Combined, that’s roughly 2.57 million BTC, substantially more than the 2.09 million BTC sitting on centralized exchanges. The most price-sensitive inventory in Bitcoin’s 19.8 million circulating supply has migrated out of exchange wallets and into structures that respond to different …
