El Salvador has purchased eight additional bitcoins, increasing its national reserves to 7,696.37 BTC. This acquisition continues the country's regular bitcoin accumulation strategy despite recent legal changes that no longer require businesses to accept Bitcoin as payment. The move highlights El Salvador's commitment to maintaining and growing its sovereign cryptocurrency reserves, which are closely watched by global market observers. The separation of payment policy from reserve strategy indicates a focused approach to digital asset management moving forward.
Jim Rickards, a former CIA financial advisor, highlights that the current AI industry is consuming more capital and energy than the 1990s internet boom. With nearly $5 trillion expected to be spent on AI data centers in the U.S. alone, the AI buildou...
Chainlink's smart collateral technology has been selected for a trial by the Depository Trust & Clearing Corporation (DTCC), a key player in financial market infrastructure. This trial aims to explore the use of advanced blockchain-based collateral m...
Solana's trading volume soared over 3200% in Q2, reaching $67 billion, driven by diverse use cases like memecoins and staking. Despite this strong on-chain growth, Solana's price has lagged, and ETF flows show early signs of weakness with $5.8 millio...
Bitcoin is approaching a rare weekly death cross, a bearish technical pattern that has historically preceded significant price declines. This signal, which appears when a long-term moving average drops below a shorter-term one, suggests potential fur...
Investment manager Lawrence Lepard says Bitcoin at around $59,000 is historically cheap, trading below its 200-day moving average and near a rare low zone seen less than 10% of the time. He argues the U.S. Federal Reserve under Chair Kevin Warsh is u...
