Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short…
Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive
AIxCrypto Holdings, a Nasdaq-listed company shifting from a digital-asset treasury toward robot rentals, plans an orderly exit from its crypto holdings after reporting $577,328 in cash at June 30. The company’s June 30 quarterly report listed 46 bitcoin,…
Solana is slashing per-block compute limits so its new 350ms speed boost doesn’t overload the network
Solana’s 350ms Mainnet target is set to take effect in epoch 1020, down from the current 400-millisecond target slot time. The feature activated at the start of epoch 1019, but a one-epoch delay means the network keeps its existing parameters until…
How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq
Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit into a five-point lead. According to Glassnode’s cross-asset return table, Bitcoin fell 44% over the past twelve…
Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields
Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support operations…
Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC
Wall Street institutions increased their exposure to Strategy’s MSTR in the second quarter, just before Michael Saylor’s Bitcoin accumulation machine began redirecting capital toward STRC. On Aug. 18, Strategy said 12 of its 15 largest…
A hidden divide inside the Fed could trigger a hawkish shock for Bitcoin at 2 PM today
Bitcoin heads into the Federal Reserve’s July meeting minutes, due Wednesday, Aug. 19, at 2 p.m. Eastern, with a question the policy statement could not answer: did pressure for higher rates stop with the three officials who dissented, or did it…