Category: Bitcoin News

Blockchain Association Petitions US Lawmakers, for Crypto Customer Rewards

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The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and platforms offering customer rewards to stablecoin holders. Expanding the prohibition on stablecoin issuers sharing yield directly with customers, outlined in the GENIUS stablecoin regulatory framework, to include third-party service providers stifles innovation and leads to “greater market concentration,” the letter said. The letter compared the rewards offered by crypto platforms to those offered by credit…

Galaxy Predicts Stablecoins Will Overtake ACH Transaction Volume in 2026

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Stablecoins could process more transaction volume than the US Automated Clearing House system in 2026, as regulatory clarity and rising adoption expand their usage, according to a new forecast. Galaxy Research, the research arm of digital asset company Galaxy Digital, pointed to existing transaction data and regulatory developments to support its prediction, noting that “stablecoin transactions already eclipse major credit card networks such as Visa and now process roughly half the transaction volume of the automated clearing house (ACH) system.” Thad Pinakiewicz, vice president of research, said stablecoin supply has…

DraftKings Enters Prediction Markets, Eyes Crypto Contracts

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DraftKings is expanding beyond sports betting into the realm of prediction markets, laying the groundwork for future crypto-linked contracts as regulated event trading gains momentum in the United States. As Bloomberg reported, the company announced on Friday that it has launched the DraftKings Predictions app, which allows users to trade contracts on sports and financial outcomes. At launch, the app is available in 38 states, with sports-related trading permitted in 17 of them. DraftKings ultimately plans to expand its prediction market offerings beyond sports and finance to include contracts linked…

Negative Investor Sentiment Caps Bitcoin, Altcoin Rallies Near Range Highs

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Key points: Bitcoin is attempting a recovery from the $84,000 level, but the bears continue to sell on rallies. Several major altcoins are struggling to start a recovery, but Bitcoin Cash looks strong in the near term. Bitcoin (BTC) rose above $89,000 after the Bank of Japan (BoJ) hiked its rates to around 0.75% on Friday, but the bulls are struggling to hold onto the higher levels. Although a BoJ rate hike is generally considered negative for risk assets, BitMEX co-founder Arthur Hayes told his X followers not to fight…

BTC Market Evolves As ‘New Whales’ Take 50% Dominance

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Freshly released Bitcoin (BTC) onchain data pointed to a less classic cycle peak or bottom and more toward a structural transition in how capital is entering the market. Key takeaways: Nearly 50% of Bitcoin’s realized cap is now attributed to “new whales,” highlighting a structural reset of the network’s cost base. The Short-Term Holder (STH) supply expanded by roughly 100,000 BTC over 30 days, reaching an all-time high that signals intense demand. New whales are rewriting Bitcoin’s cost base Data from CryptoQuant shows that addresses classified as new whales now…

Bitcoin Slips $85k, DATs Threatened By ‘mNAV Rollercoaster’

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Cryptocurrency markets experienced another week of downside as investor activity gradually wound down ahead of the holiday period. Bitcoin (BTC) fell over 5% during the past week, dipping to a weekly low of $84,398 on Thursday, before recovering to trade above $87,769 on Friday, TradingView data shows. Crypto market volatility continues to threaten the sustainability of digital asset treasury (DAT) companies, as their longevity now depends on avoiding the multiple-to-net-asset-value (mNAV) “roller coaster,” making these firms subject to the value swings of the tokens held on their balance sheet, according…

Michael Saylor’s Bitcoin thesis: money or commodity?

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Satoshi Nakamoto’s Bitcoin white paper envisioned a “peer-to-peer electronic cash system,” but Bitcoin’s biggest proponent seems to have an entirely different view of its purpose. Strategy executive chairman Michael Saylor, whose company has been buying Bitcoin aggressively for nearly five years since adopting a Bitcoin (BTC) treasury strategy, presented what many described as plans for a “Bitcoin central bank” during his keynote speech at Bitcoin MENA. Economist Saifedean Ammous, well-known in Bitcoin circles for penning The Bitcoin Standard, was also a notable figure attending the conference in Abu Dhabi. Ammous…

Polish Parliament Approves Revived Crypto Bill, Heads to Senate

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The Sejm, the lower house of Poland’s legislature, has again passed a bill that could impose restrictions on the cryptocurrency market, following the country’s president’s veto of an earlier attempt. In a Thursday vote, Polish lawmakers voted 241 for and 183 against the Crypto-Assets Market Act, a bill previously vetoed by President Karol Nawrocki. On Friday, the bill was sent to the Senate for further consideration. Progress of Poland’s Crypto-Asset Market Act. Source: Sejm The crypto bill is intended to align Poland’s regulations with the European Union’s Markets in Crypto-Assets…

ECB Hands EU a Pro-Privacy CBDC Design: Will It Survive?

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The European Central Bank plans to allow blockchain-based settlement in central bank money next year and is preparing to issue a digital euro, but its privacy safeguards will ultimately depend on approval from EU lawmakers. ECB executive board member Piero Cipollone said in a Friday statement that the institution will “make it possible to settle transactions based on [DLT] in central bank money” next year. He also said the ECB is “getting ready” to issue the digital euro and to link its system internationally for cross-border payments. The digital euro…

40% AVA AI Coin Genesis Supply ‘sniped’, Claims Bubblemaps

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Blockchain analytics firm Bubblemaps said a cluster of 23 wallets linked to the deployer of the Solana-based AI token Ava accumulated around 40% of the token’s supply at launch, raising new questions about insider coordination around the project’s debut. The sybil wallet cluster related to the deployer shared similar patterns, including being funded in a tight time window through Bitget and Binance, receiving similar amounts of Solana (SOL) and having no blockchain activity before buying up the Ava AI (AVA) token supply at launch, Bubblemaps claimed in a Thursday X…