Bitcoin's price fell to around $72,000 in May after a brief rise to $83,000, driven by $1 billion outflows from Bitcoin exchange-traded products (ETPs). Bitwise Europe's model values Bitcoin at about $224,000 as a hedge against sovereign debt defaults, highlighting a significant undervaluation amid rising global debt stress and a divided macroeconomic environment. Long-term Bitcoin holders reached a record 14.85 million BTC, showing strong supply lock-up despite low trading activity. The key resistance zone is $78,000 to $85,000, with a reclaim above $85,000 potentially signaling a new bull market cycle.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
