Category: Bitcoin News

BitMine eyes 2026 launch for ETH staking operation, amid market collapse

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BitMine, a crypto treasury company that accumulates Ether (ETH) and Bitcoin (BTC), said on Friday it plans to launch the “Made in America Validator Network” (MAVAN) to stake its ETH holdings.  The company is piloting MAVAN with three staking infrastructure providers, ahead of the launch slated for the first quarter of 2026, according to an announcement from BitMine. Staking tokens to validate proof-of-stake (PoS) blockchains secures networks and generates revenue in the form of staking rewards paid out in the native token of the blockchain network, in this case, ETH.…

Bitcoin Drops as Yen Falls, Canada Approves Stablecoin Rule: Global Express

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On Friday, the Japanese government approved a $135-billion (21.3 trillion Japanese yen) stimulus package, mainly aimed at price relief and subsidizing gas and household electricity bills. Prime Minister Sanae Takaichi and her cabinet believe the plan will dampen inflation by 0.7 percentage points on average from February to April. But markets, including crypto markets, are concerned. The yen has significantly weakened against the US dollar, hitting 10-month lows; Japanese government 10-year bond yields reached 1.84% on Thursday, the highest level since the 2008 financial crisis. Major government spending like this…

Can Bitcoin really be a store of value?

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Key takeaways Gold has long met store-of-value standards, while fiat currencies lose purchasing power over time. Bitcoin now meets several of the same store-of-value benchmarks. With a hard cap of 21 million coins and around-the-clock global trading, Bitcoin offers digital scarcity, durability supported by network security and liquidity that rivals many traditional assets. Concerns remain, including short-term volatility, inconsistent global regulations, cybersecurity risks, limited historical data and challenges integrating Bitcoin into traditional investment models. Still, rising inflation, geopolitical tension and weakening confidence in some fiat currencies are prompting pension funds…

aPriori Dismisses Insider Airdrop, Leaving Key Questions Unanswered

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Web3 startup aPriori said Friday that suspicious activity tied to its recent airdrop was not connected to its team, following investor concerns that a single entity claimed an outsized portion of the token distribution. A mysterious entity claimed about 60% of the recent aPriori (APR) token airdrop across 14,000 interconnected cryptocurrency wallets, according to blockchain analytics platform Bubblemaps. The pattern resembles a Sybil-style farming operation, where one actor uses multiple wallets to maximize rewards. APriori lowered eligibility requirements for its Monad Mainnet airdrop in an effort to reward “genuine users,”…

Binance’s Teng Downplays BTC Volatility Amid Market Sell-Off

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Richard Teng, the CEO of crypto exchange Binance, reportedly said Bitcoin’s volatility aligns with that seen in most major asset classes. According to a Friday Reuters report, Teng said during a media roundtable in Sydney that all asset classes go through different cycles and volatility. “What you’re seeing is not only happening to crypto prices,” he claimed. Teng also explained that Bitcoin’s recent drop was driven by investors deleveraging their positions and by risk aversion, which is in line with trends across most major asset classes. “At this point in…

SoftBank’s PayPay Launches Crypto Payments For Binance Japan

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PayPay, a payment service operated by the Japanese investment holding company SoftBank Group, is integrating new payment rails on Binance Japan following its investment in the platform. Binance Japan and PayPay have launched a new integration service with PayPay Money, an electronic money service that allows peer-to-peer transactions between PayPay users free of charge. With the integration, Binance Japan users can now purchase crypto assets using PayPay Money funds, as well as withdraw their crypto holdings directly to PayPay Money. The move marks Binance Japan’s first expansion beyond bank transfers…

US Bitcoin ETFs See Record November Outflows After $903M Hit

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US spot Bitcoin exchange-traded funds saw another sharp reversal on Thursday, erasing a brief moment of relief earlier in the week. After breaking a five-day outflow streak with $75.4 million in inflows on Wednesday, the funds were hit with fresh redemptions of $903 million Thursday — the biggest outflow day in November and one of the largest single-day outflows since the products were launched in January 2024, according to Farside Investors. The $3.79 billion withdrawal puts November on track to be the worst month on record for US spot Bitcoin…

RWA Market Set for Massive Growth as Plume Predicts 2026 Surge

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The real-world asset (RWA) market value could more than triple its current value by 2026, as it expands beyond crypto-native use cases and utility, according to Chris Yin, co-founder and CEO of RWA-focused layer-2 blockchain Plume.  Speaking to Cointelegraph, Yin said the RWA value took off last year and roughly doubled, and he expects it to increase by three to five times in 2026 as a base case.  “Currently, we are tracking to over 10x the RWA holders number since the start of the year and so we expect us…

Grok’s Praise of Elon Musk Athleticism Shows AI Needs Decentralization

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Elon Musk is more handsome than Brad Pitt, fitter than LeBron James and could easily outclass former heavyweight champion Mike Tyson in a boxing ring — at least that’s according to his AI chatbot Grok, after the latest 4.1 update that was released this week.  On Thursday, X users began finding that Grok was a little too enthusiastic about its creator. One response even suggested Musk could have resurrected faster than Jesus Christ. Many of Grok’s responses on X have since been deleted.  While Musk has since blamed “adversarial prompting”…

Bitcoin Will Not Tap $200K Until Q3 2029: Peter Brandt

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Veteran trader Peter Brandt said he doesn’t see Bitcoin reaching $200,000 before the end of the year as some crypto executives have predicted. In fact, he argues it may take nearly four more years to get there. “The next bull market in Bitcoin should take us to $200,000 or so. That should be in around Q3 2029,” Brandt said in an X post on Thursday, while emphasizing that he is a “long-term bull on Bitcoin.”  Brandt’s forecast stands out for several reasons. Many prominent Bitcoin (BTC) advocates, such as BitMEX…