Bitcoin's price has fallen to its cost of production zone, a level historically marking bear market bottoms, currently holding near $63,000 to $64,000, about 50% below its 2025 peak. Spot Bitcoin ETFs saw $144.6 million in outflows on August 10, breaking a five-day inflow streak, while volatility is at a two-year low, indicating a possible sharp move soon. Long-term holders are experiencing unrealized losses, but not yet at past cycle bottom levels, suggesting either further sell-offs or steady demand from corporate buyers. Analysts note that if Bitcoin drops below $60,000, another decline may occur, but recovery could signal easing holder stress and a potential rally by 2027 following its four-year cycle pattern.
Lockheed Martin received a Buy rating due to its record $230 billion backlog and strong demand for PAC-3 and THAAD missile defense systems. The company’s moderate valuation compared to peers and steady free cash flow yield of about 5.8% support the p...
Arthur Hayes, co-founder of BitMEX, purchased 244,406 UNI tokens for about $1.73 million amid Uniswap's expansion of its protocol-fee system that burns UNI tokens, reducing supply. This mechanism, active since late 2023, links fee collection to token...
Solana attracted $348 million in net real-world asset (RWA) flows over the past 30 days, boosting its total distributed RWA value to about $4.23 billion. This growth outpaced competitors like Ethereum and Stellar, driven by tokenized U.S. Treasury an...
A UK investor named Chris recovered bitcoin worth about $4.5 million after losing access for over 13 years due to the shutdown of the Britcoin/Intersango exchange. He initially bought bitcoin in 2011 for around £1,500 when prices were under $4 per co...
This week saw major AI companies like Anthropic, OpenAI, Meta, and Google release significant updates to their AI models, intensifying competition in the fast-evolving AI market. Nvidia announced a $12.9 billion acquisition of open-source AI platform...
