Category: Bitcoin News

Bitcoin’s recent dip below $100,000, its lowest level since June, has sparked concerns among crypto investors. Still, two well-known market figures offer an optimistic view of where Bitcoin may be headed. Bitwise chief investment officer Matt Hougan said the latest downturn reflects peak retail capitulation rather than the start of a deeper collapse. “Crypto retail is in max desperation,” he told CNBC’s Crypto World on Tuesday. “We’ve seen leverage blowouts… the market for sort of crypto native retail is just more depressed than I’ve ever seen it.” Hougan said there…

Opinion by: Thomas Chen, CEO of Function Bitcoin exchange-traded funds (ETFs) have solved the access issue but remain passive. What is needed now are credible, auditable, institutional-grade pathways to convert Bitcoin exposure into scalable yield. Bitcoin is evolving from a digital store of value into a form of productive capital. Continuing to treat Bitcoin (BTC) like digital gold — storing it for appreciation over the long term — misses its true opportunity as a reserve asset for the digital age. Bitcoin isn’t simply a store of value; it is programmable…

Conversations about Bitcoin’s price drop should include the impact of crypto treasury companies, which have contributed to the decline, argues Omid Malekan, a blockchain author and adjunct professor at Columbia Business School. “Any analysis of why crypto prices continue to fall needs to include DATs [digital asset treasuries],” Malekan said in an X post on Tuesday. “In aggregate they turned out to be a mass extraction and exit event — a reason for prices to go down.” He added that there are a few companies that have tried to “create…

Crypto exchange Gemini Space Station Inc. is reportedly preparing to enter the prediction markets arena, following similar moves by the likes of Coinbase and MetaMask in recent months. Gemini is looking to enter the prediction markets space “as soon as possible,” Bloomberg reported on Tuesday, citing people familiar with the matter, noting that it filed with the Commodity Futures Trading Commission to operate a derivatives exchange. Gemini executives had reportedly discussed using the exchange license to allow the trading of event contracts, which allow traders to bet on the outcome…

The White House carefully considered Binance founder Changpeng Zhao’s pardon and went through the standard processes before sending it to President Donald Trump for his approval, says White House press secretary Karoline Leavitt. Trump defended the pardon in an interview with CBS News’ 60 Minutes on Sunday, saying he had “no idea” who Zhao is and dismissed criticism of his pardon as politically motivated.  Leavitt said in a briefing on Tuesday that Trump’s comments on Zhao in the interview were meant to convey that “he does not know him personally”…