China

David Beckham-backed Prenetics ditches bitcoin purchase

Prenetics, a health technology company backed by David Beckham, has decided to abandon its plans to purchase bitcoin. The decision comes amid a challenging market environment for cryptocurrencies, which has seen significant volatility and regulatory scrutiny. Prenetics had initially intended to integrate bitcoin into its business model but has now shifted its focus to other growth strategies. The company aims to continue expanding its health services without the complications associated with cryptocurrency investments.

Read the full article: CoinDesk

Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

The crypto market bill is advancing to the Senate Agriculture Committee for markup, despite delays in the Senate Banking Committee. This legislation aims to establish a regulatory framework for digital assets and improve oversight of the crypto industry. The push for the bill comes amid ongoing discussions about the need

New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

A recent analysis reveals that new Bitcoin whales, defined as entities holding over 1,000 BTC, are rapidly accumulating the cryptocurrency, surpassing the older generation of holders. This shift has resulted in a significant supply tug-of-war, with approximately $6 billion worth of Bitcoin being transferred to these new investors. The

Bitcoin, DeFi and Tokenized Assets to Drive Crypto’s Next Phase, ARK Says

ARK Invest predicts that Bitcoin, decentralized finance (DeFi), and tokenized assets will be pivotal in driving the next phase of the cryptocurrency market. The firm highlights that Bitcoin's role as a digital gold and a hedge against inflation will continue to attract institutional investors. Additionally, the growth of

Bitcoin swings trigger rare split liquidation as longs and shorts both get hit

Recent volatility in Bitcoin prices has led to a rare split liquidation, affecting both long and short positions in the market. As Bitcoin experienced significant swings, traders on both sides faced substantial losses, with liquidations exceeding $200 million in a single day. The market's unpredictable movements have created

Read more

Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

New Bitcoin Whales Outpace Old Guard in $6B Supply Tug-of-War

Bitcoin, DeFi and Tokenized Assets to Drive Crypto’s Next Phase, ARK Says

Bitcoin swings trigger rare split liquidation as longs and shorts both get hit