Category: Crypto News
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Bitcoin Slips From Weekly Close Target In Drop To $62,500
Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next. Key points: Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs. Analysis says that $63,220 must be reclaimed by the weekly close to avoid a deeper rout. Markets look…
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Bitcoin ETFs lose $329 million in four sessions
Morgan Stanley’s Bitcoin Trust and Grayscale’s Bitcoin Mini Trust ETF were the only US spot Bitcoin funds to attract capital on Aug. 13, offsetting part of a broad withdrawal that pushed the group to $131.1 million in net outflows for the session. Morgan Stanley Bitcoin Trust added $7.1 million, while Grayscale’s smaller Bitcoin fund took…
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FG Nexus Sells All Ethereum Holdings After $45 Million Loss
TLDR FG Nexus sold all its digital assets before June 30, ending its Ethereum treasury strategy entirely. First-half digital asset operations lost $45.207 million, while staking generated only $144,000. ETH sales brought in $60.956 million cash, with another $14.983 million collected in July. The company held 50,770 ETH at its peak in September 2025 before…
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MSCI Proposal Could Boot Strategy, Metaplanet From Indexes
Key Takeaways MSCI’s proposal could delete Strategy and Metaplanet from its Global Investable Market Indexes as soon as November 2026. A simulation shows Strategy fails at least four of five financial screens, the threshold for exclusion. The consultation stays open through September 30, with a final methodology due October 16. A New Screen Targets Bitcoin…
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NUSD Redemptions Paused as Neutrl Reviews Reserves
Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol reserves, leaving the cause and scale of any potential impairment unclear. On Thursday, Neutrl said it had also paused other protocol functions on legal advice while it assesses the impact. The protocol did not identify…
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Bitwise Says Protocol Revenue Could Reprice Crypto
Crypto valuations could at least double as protocols increasingly use revenue to fund token buybacks and burns, according to Bitwise chief investment officer Matt Hougan. On Wednesday, Hougan said crypto outside of Bitcoin is becoming a revenue-driven market in which network activity feeds into native-token value. He said investors have not priced in that change,…
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Robinhood Chain Relies on Uniswap as Liquidity Nears $1B
Robinhood’s partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting users and assets, according to Standard Chartered. In a recent note, Standard Chartered analyst Geoffrey Kendrick said Robinhood Chain has grown to nearly $1 billion in total value locked (TVL), which he described…
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Bitmine’s $257M Staking Income ‘Fills’ Operational Gaps, Share Buybacks: Analysts
Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday. Ether (ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine’s revenue for the fiscal quarter ending May…
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Bitcoin Price Range Breakout Rests On Short-Term Holders, Analysis Shows
Bitcoin (BTC) recent buyers are the latest hurdle to a breakout from a stubborn trading range in place since June. Key points: Bitcoin short-term holders are keen to sell into range highs as they seek to break even on their investment. BTC price action remains stuck in its near three-month range as a result, Glassnode…
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‘DeFi Doesn’t Exist Anymore’ Just Onchain Finance: Andre Cronje
Most decentralized finance (DeFi) protocols are no longer truly decentralized, according to Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network. “I don’t think DeFi exists anymore outside of those very small niches,” Cronje told Cointelegraph during Thursday’s Chain Reaction X Spaces show. He argued that “true DeFi” needs to be…
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