Commodity strategist Mike McGlone warns of a near 100-year extreme valuation in US stocks, with the total market cap to GDP ratio hitting 2.5 times, signaling a potential market correction by 2026. He highlights a persistent bull market in stocks and Bitcoin but notes an unsustainable divergence between surging equities and a collapsing Bitcoin-to-gold ratio. McGlone suggests this could lead to a significant reversion to historical norms, with cryptocurrencies potentially recovering or Bitcoin succumbing to competition. While not predicting a crash, he cautions that a normalization in stock valuations could impact both traditional and digital asset markets significantly.
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'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
