News

Treasury bills seen as primary driver of Bitcoin's price: Report

A recent report indicates that U.S. Treasury bills are becoming a significant factor influencing Bitcoin's price movements. The correlation between Bitcoin and Treasury yields has intensified, suggesting that investor behavior regarding government bonds is impacting the cryptocurrency market. As interest rates rise, traditional assets like Treasury bills may attract capital away from Bitcoin, leading to price fluctuations. Analysts highlight that this trend could continue as macroeconomic conditions evolve, affecting Bitcoin's appeal as an investment.

Read the full article: Coin Telegraph

Goldman Sachs CEO Owns 'Very Little' Bitcoin, Backs Bessent on Clarity Act

Goldman Sachs CEO David Solomon revealed that he personally owns "very little" Bitcoin, emphasizing a cautious approach to cryptocurrency investments. He expressed support for the Clarity Act, which aims to provide clearer regulations for digital assets, aligning with the views of cryptocurrency advocate and former hedge fund manager,

Ethereum’s 50% staking milestone triggers backlash over 'misleading' supply data

Ethereum recently reached a significant milestone, with over 50% of its supply now staked in the network. This development has sparked controversy as critics argue that the reported staking figures are misleading, suggesting they do not accurately reflect the true supply dynamics of Ethereum. Some community members express concerns that

Hyperliquid Launches Policy Center With $29 Million Backing to Advocate for DeFi in DC

Hyperliquid has launched a Policy Center aimed at advocating for decentralized finance (DeFi) in Washington, D.C., backed by $29 million in funding. The initiative seeks to engage with policymakers and promote a regulatory framework that supports innovation in the DeFi space. The funding comes from a consortium of investors

Coinbase’s Base moves away from Optimism’s 'OP stack' in major tech shift

Coinbase's Layer 2 network, Base, is transitioning away from the Optimism 'OP stack' technology to develop its own proprietary solution. This shift aims to enhance performance and scalability while allowing for greater customization. The decision reflects Base's ambition to establish itself as a standalone

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Goldman Sachs CEO Owns 'Very Little' Bitcoin, Backs Bessent on Clarity Act

Ethereum’s 50% staking milestone triggers backlash over 'misleading' supply data

Hyperliquid Launches Policy Center With $29 Million Backing to Advocate for DeFi in DC

Coinbase’s Base moves away from Optimism’s 'OP stack' in major tech shift