Bitcoin's 90-day correlation with the Nasdaq has dropped from over 60% to 33%, while its correlation with gold has increased to above 50%. This shift suggests the market may be starting to treat Bitcoin more like gold, a traditional store of value, though Bitcoin remains a higher-risk asset. Binance founder Changpeng Zhao predicts Bitcoin could overtake gold as a reserve asset in the next bull cycle, despite existing government infrastructure favoring gold. The evolving relationship indicates Bitcoin's growing potential as a scarcity asset with institutional interest increasing.
Ireland's Criminal Assets Bureau (CAB) transferred 500 BTC worth $38 million from a decade-old wallet tied to cannabis dealer Clifton Collins. This marks the fourth known recovery from Collins' Bitcoin stash, totaling 2,000 BTC valued at $155 million...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
Aptos has integrated Circle's Cross-Chain Transfer Protocol V2 (CCTP V2), enabling USDC transfers to settle in seconds instead of minutes. This upgrade connects Aptos to nine other blockchains and uses a burn-and-mint system to issue native USDC dire...
Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...
XRP dropped about 5% to $1.38 following Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole, highlighting that 54% of inflation components rose over 3% in the past year. This fueled speculation of a possible rate hike at the September Fed mee...
