Bitcoin’s ‘OG’ investors have slowed selling in a bullish sign for the market
Bitcoin “OGs” have slashed their selling activity to the lowest levels in nearly two years.
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Bitcoin drops toward $62,000 as the chip selloff deepens for a second day
A renewed rout in semiconductor stocks pulled risk assets lower again, and crypto kept sliding. Bitcoin is down 5% on the week, with ether and the memecoins falling harder.
Crypto PAC’s $5.5 million Congress pick gets Maryland win, more crypto allies advance
The Fairshake super PAC supported Adrian Boafo in Maryland, plus other candidates in Maryland, New York and Utah as each ran its primary elections.
AI chipmaker Cerebras down 11% after first public earnings report
While revenue was up 92% from year-ago levels, the company forecasted a lower core gross margin next quarter.
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
The app would let users forecast future events using a points-based system rather than cash wagers, the report said, citing people familiar with the matter.
BNY sees ‘FOMO’ driving asset managers into tokenized funds
Fund issuers are exploring blockchain-based ETFs amid fears of missing an early foothold in tokenized finance.
Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time.
Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization’s ongoing turmoil.
Bitcoin’s recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank
Bitcoin’s slump to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.
Ethereum Foundation cuts 20% of staff amid leadership exodus
The reduction follows a period of significant upheaval at the organization’s leadership level.