Bloomberg analyst Eric Balchunas predicts U.S. spot Bitcoin ETFs will eventually reach new record highs, following a pattern similar to gold ETFs which experienced cycles of gains and drawdowns before reclaiming top status. Despite recent price drops and ETF outflows, long-term Bitcoin holders remain largely committed, suggesting resilience. However, rising oil prices and geopolitical tensions in West Asia could limit Bitcoin's upside in the near term. Investors should watch for potential shifts in long-term holder behavior and broader market impacts from energy shocks.
Meta, led by Mark Zuckerberg, plans to begin production of its in-house Iris AI chip in September. This move is part of Meta's strategy to double its computing capacity to 14 gigawatts, enhancing its AI and data processing capabilities. The new chip ...
Stacks protocol has reached 1.6 million total wallets, marking significant user adoption beyond niche use. Recent developments include the launch of stBTC, a liquid staking token allowing Bitcoin holders to earn yield while using tokens in DeFi. The ...
The Invesco S&P 500 Equal Weight ETF (RSP) has gained about 12% year-to-date, outperforming the cap-weighted SPDR S&P 500 ETF's 10% rise. This performance reverses recent mega-cap dominance, with RSP's portfolio heavily tilted towards semiconductor s...
The US and UK have announced a joint taskforce to regulate stablecoins and tokenized assets, emphasizing fully backed stablecoins with high-quality liquid assets to reduce systemic risks. The UK is implementing detailed rules for stablecoin issuers, ...
Institutional investors are rapidly increasing short-term Bitcoin derivatives positions ahead of the Federal Reserve's upcoming policy announcement. This surge reflects cautious preparation rather than panic, as traders hedge their exposure and stay ...
