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View More NewsRoughly 10.83 million BTC are currently held at a loss, meaning their holders paid more than today’s price, against 9.22 million still in profit, according to Glassnode data. It is the first time loss-making supply has overtaken profitable supply since the current cycle began and reflects how deep the correction from bitcoin’s $109,000 January peak has cut.Historically, these crossovers have landed near periods of peak financial stress and capitulation among newer buyers. They have also marked the point at which coins migrate from weaker hands to stronger ones, since only holders with high conviction tend to sit on losses rather…
In brief SBI Crypto is ending its Bitcoin mining pool service, the 11th largest according to Hashrate Index. The firm joins a growing list of other Bitcoin miners that are ending operations or shifting a larger focus to AI. Earlier this week, SBI’s parent company agreed to acquire Japanese exchange Bitbank. SBI Crypto, a wholly owned subsidiary of Japanese financial giant SBI Holdings, is winding down its Bitcoin mining pool services, according to an announcement from the firm. Though a reason was not given, the firm indicated it would cease operations on July 31. “Until then, we expect the pool to continue…
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Anticipating the 250th anniversary of America’s Declaration of Independence, speaker of the House of Representatives Mike Johnson recalled: “We boldly proclaimed the self-evident truth that our rights do not come from government, they come from God Himself.” In 2018, President Trump likewise declared: “Our rights are not given to us by man; our rights come from our Creator.” And defence secretary Pete Hegseth recently stated: “Today we gather to recognize that our rights here in this great country come from a loving and benevolent God, not government.”But the US Constitution—the repository of those rights—makes no mention of God. Its authority…
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“Today’s milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a…
The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global…
In brief Researchers got frontier AI models to generate cocaine synthesis instructions using a new prompt injection attack. The same technique manipulated an AI…
A quarter of a millennium ago, the American project began in FIRE’s birthplace of Philadelphia.In a boarding house at Market and South 7th Streets,…
Blockchain is no longer just a story of Wall Street banks and brokers leveraging the technology to optimize finance. Now, corporates are embracing distributed…
New research from Galaxy Digital suggests that Bitcoin’s cycle low could form at higher price levels than previous bear markets due to the absence…
In brief GameStop renewed an options deal that ties up nearly all its Bitcoin with Coinbase Credit. The pledged coins no longer count as…
Some excerpts from Judge Lewis Liman (S.D.N.Y.) long opinion today in Wayfarer Studios LLC v. Lively: [Blake] Lively filed a complaint with the California…
“To put the argument in the plainest real-world terms: Senate Majority Leader Harry Reid of Nevada would never have consented to or passively accepted…
Bitcoin (BTC) is gaining buyers’ interest after setting a new yearly low at $59,000 last week. Order book data and liquidity suggest a rally…
In brief A new study commissioned by the Coalition for Prediction Markets found Americans wagered up to $34 billion on offshore prediction markets during…
Section 702 of the Foreign Intelligence Surveillance Act lets US intelligence agencies collect communications from foreigners abroad without a warrant, and routinely sweeps in…