Michael Saylor, Executive Chairman of Strategy, stated that Americans can publicly discuss and recommend Bitcoin without needing a license, emphasizing Bitcoin as a commodity, not a security. This stance aligns with the Commodity Futures Trading Commission's view and is relevant amid the Senate's upcoming vote on the CLARITY Act, which aims to clarify regulatory authority over digital assets. Meanwhile, Strategy resumed Bitcoin purchases, acquiring 4,603 BTC for $369.7 million after a 10-week pause, signaling continued institutional interest. The CLARITY Act vote on Sept. 15 will be crucial in defining regulatory boundaries between the SEC and CFTC for digital assets.
NEAR Protocol (NEAR) experienced the largest 24-hour decline among major cryptocurrencies, falling 8.93% to $4.47. Other notable drops included Bitcoin down 1.28% to $80,495, Ether down 1.38% to $2,360.57, and XRP down 3.45% to $1.28. These declines ...
Ethereum's deflationary advantage over Bitcoin is weakening as ETH burning rates have dropped sharply and annual supply growth nears Bitcoin's level. However, increased on-chain activity, including higher Ethereum Velocity, more active addresses, and...
Bitcoin retreated after approaching the $85,000 mark, a resistance level identified by analysts. Traders are cautious ahead of the Federal Reserve's Oct. 27-28 meeting, where the consensus expects interest rates to remain unchanged. This pause in rat...
James Wynn opened a 40x leveraged short position of 0.4947 Bitcoin on the Hyperliquid platform on October 23, with the position valued at approximately $40,500. The liquidation price for this trade was set at $82,671.48. This move comes 49 days after...
Bloomberg Intelligence strategist Mike McGlone said that market expectations of three Federal Reserve rate hikes are creating a headwind for Bitcoin, gold, and copper. He warned that Bitcoin could drop to $10,000, linking this potential decline to a ...
