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View More NewsDemand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation.Key takeaways:Bitcoin’s apparent demand fell to -3,138 BTC, its lowest level in four months.Weak spot activity and negative ETF flows pressure the BTC price below $80,000.Analysts warn that Bitcoin risks prolonged consolidation or a deeper correction if $78,000 is not broken.Bitcoin’s apparent demand has dropped to its lowest level since mid-January, as traders and investors adopted a risk-off approach due to geopolitical…
Binance has launched perpetual futures that allow users to trade the anticipated valuations of private companies before they go public. The first contract to go live is tied to SpaceX, a company expected to debut at a valuation of $2 trillion or more. The “Pre-IPO Perpetual Contracts” are designed to provide retail traders with early exposure to high-profile initial public offerings (IPOs), a market segment historically reserved for institutional investors and venture capital firms. The first listing, SPCXUSDT, will be margined and settled in the dollar-pegged stablecoin tether USDT$0.9992 and is based on the expected market valuation of Elon Musk’s…
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Here’s the story, somewhat simplified, from a case now labeled Breskin v. Blattberg (D. Mass.) (I had filed an amicus brief opposing pseudonymity, as part of my general opposition to pseudonymity in defamation cases, see, e.g., Roe v. Smith): Son…
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As I watched Israel’s Eurovision contestant Noam Bettan belt his way to second place in Vienna last week, I found myself thinking about the gulf between the real person on that stage and the avatar of an invented Israel he represents to some. After a week of lies and libels even more outrageous and numerous than usual, I want to offer a reality check to those who booed and boycotted him.🇦🇹🇮🇱 The crowd at the Eurovision contest in Vienna booed and chanted “Stop the genocide” during Israeli singer Noam Bettan’s performance, as he represented Israel with his song Michelle.Despite the…
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Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,950.74 exchange-traded fund (ETF) because the economics no longer worked.ETF analysts say the…
Elon Musk’s aerospace company SpaceX reported holding 18,712 Bitcoin worth $1.45 billion in a recent filing, over 10,000 coins more than blockchain tracking firms…
In brief Colossal Biosciences says its artificial womb platform now achieves a 100% development rate in current tests after years of iteration. The remaining…
SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and…
Network NewsETHEREUM COMMUNITY RESPONDS TO EF DEPARTURES: A wave of departures from the Ethereum Foundation (EF) is reigniting a debate inside the crypto industry:…
Hester Peirce, a two-term commissioner at the US Securities and Exchange Commission (SEC), head of the agency’s crypto task force and known to many…
In brief Fairshake claimed victory after six congressional candidates won Tuesday primaries with over $20 million in crypto industry support. But all GOP winners…
from the it’s-just-so-brazen dept There were two rumors last week regarding the supposed “settlement” of Donald Trump’s ridiculously problematic lawsuit against his own IRS,…
The New York Times is once again suing the Pentagon over its press rules, this time challenging a policy implemented in March that requires…
Cryptocurrency custody firm Copper has been out shopping itself, seeking a buyer willing to pay about $500 million for the platform, according to two…
Key points:Bitcoin is at a critical juncture, as a close below $76,000 may deepen the pullback toward $70,000.HYPE and ZEC are in an up…
In brief Individuals and entities tied to the trafficking of fentanyl were added to the OFAC sanctions list. Some members allegedly turned cash into…
