Swiss National Bank President Reportedly Dismisses Bitcoin as Reserve Asset
Despite Switzerland’s growing acceptance of cryptocurrencies, SNB’s President dismissed them as a “niche phenomenon.”
Markets
Bitcoin Set for Worst Month Since June 2022, Worst Week Since November That Year
This year’s average purchase price is around $97,880, leaving investors facing an almost 20% unrealized loss at current prices.
Tech Tumble Takes Toll on Bitcoin; Hedge Funder Targets $70K Handle in March
Crypto had plenty of reasons on its own to head lower, but now a general macro risk-off sentiment can be added to the mix.
Olas’ Mech Marketplace Enables AI Agents to Hire Each Other for Help
Crypto and AI firm Olas is making it easier for AI agents to collaborate.
Ether, XRP Down 5% as Crypto’s Painful Week Continues; APT Jumps 10% Amid Aptos ETF Registration in Delaware
Losses in crypto markets mirrored those in U.S. equities after lesser-than-expected earnings from technology stalwart Nvidia failed to wow investors.
U.S. Bitcoin ETFs See Record Daily Outflow of Over $930M as Carry Trades Lose Shine to The 10-Year Treasury Note
Investors pulled out funds from bitcoin and ether spot ETFs Tuesday as dwindling basis in the CME futures dented the appeal of carry trades.
XRP, BNB Edge Higher as Bitcoin Bulls Eye $90K After Tuesday Bloodbath
The move higher was in line with a CoinDesk analysis on Tuesday, as a five-month low in a sentiment index and a large-scale liquidation event indicated assets were likely oversold and could see relief in the short term.
Bybit Declares ‘War on Lazarus’ as it Crowdsources Effort to Freeze Stolen Funds
The exchange is offering a 5% bounty for submissions that could lead to stolen funds being frozen.
Bitdeer Q4 Loss Widens to $532M as Miner Focuses on ASIC Development for 2025 Growth
The bitcoin mining firm faced revenue declines but is betting on proprietary ASIC chips to drive future expansion.
Bitcoin Slips Under $94K as Stocks Try to Shake Last Week’s Jitters
Macro uncertainty combined with carnage in most of the rest of crypto is weighing bitcoin down.