But Most Stocks Are Already in a Bear Market
Although the S&P 500 is inches away from a record high, the picture looks dramatically weaker beneath the surface. The analysts at the Kobeissi Letter argued that Wall Street is in a rare “bull-bear market,” with key indices, such…
Richard Heart Arrested, XRP DAT Rings Nasdaq Bell, And More
Key Takeaways Strive’s consecutive $280M and $235M bitcoin purchases signal renewed corporate demand for BTC. Binance US’s reported $1B valuation is roughly 78% below its $4.5B valuation in 2022. Evernorth’s 473M XRP treasury could position it to lead a broader…
Thailand arrests crypto exchange suspect in 500m yuan laundering case
Thai immigration police have arrested a 37-year-old Chinese man accused of exchanging cryptocurrency and foreign currency for a laundering network linked to more than 500 million yuan in transactions. Summary Police linked the alleged laundering network to more than 133…
Bitcoin and Ether ETFs Lose $152M as Blackrock Drives Friday Selloff – Bitcoin News
Key Takeaways Bitcoin and ether exchange-traded funds (ETFs) lost $152.07M on Friday, capping weeks of roughly $228.6M and $320M in outflows. Solana hit ten straight outflow days, while NEAR again attracted fresh capital amid broader selling. Attention now turns to…
Can BTC recover after the Fed decision?
Bitcoin enters the final weeks of October near $82,000 after a brief fall below $80,000. The October 28 Federal Reserve decision, uneven demand for U.S. spot funds and November inflation data will help determine whether the recovery survives. A forecast…
Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins
Key Takeaways Arthur Hayes told Convergence host Luke Martin on Oct. 16 that AI model companies are “worthless.” The Nasdaq 100 fell 2.5% on Oct. 16 as chip stocks posted their longest losing streak since 2008. Hayes expects a bailout…
Can whale buying fuel a rebound?
Dogecoin price has fallen roughly 7.6% on the weekly chart to around $0.0802, slipping below an analyst’s $0.081 support level despite reported whale purchases of 600 million DOGE. Summary DOGE traded below the $0.081 level identified by crypto analyst Ali…
Bitcoin’s Road to $125K Could Include a Brutal Drop to $68K: Analyst
BTC’s first battle stands at $84,000 but the bears have the upper hand now. Although bitcoin rebounded from the dip below $80,000 and now sits two grand higher, the risk of another deep correction has not been completely eliminated….
Bloomberg Sees Bitcoin Price at $10K and Cryptoquant’s CEO Doesn’t Agree
Key Takeaways Bloomberg’s Mike McGlone said recently that bitcoin could revert to $10,000 if U.S. stocks drop 20%. Cryptoquant’s Ki Young Ju countered that $58B in ETF inflows and 1.3M treasury BTC imply a $30K floor. The next test is…
Vitalik Buterin contrasts Bitcoin’s power costs with AI’s 76% capital share
Ethereum co-founder Vitalik Buterin has compared Bitcoin mining with AI inference, sharing cost estimates that put electricity at 45.9% of mining expenses and computing capital expenditure at approximately 76% of inference costs. Summary Electricity represents 45.9% of Bitcoin mining costs…
