Category: Bitcoin News

Bitcoin Is Mirroring Soybean Chart Before 1970s Crash: Peter Brandt

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Bitcoin’s price chart has started to show similarities to the soybean market around 50 years ago, which saw prices top before plummeting 50% as global supply began to outweigh demand, warns veteran trader Peter Brandt. However, other Bitcoin (BTC) analysts are confident that the charts are signaling further upside ahead. “Bitcoin is forming a rare broadening top on the charts. This pattern is famous for tops,” Brandt told Cointelegraph. “In the 1970s, Soybeans formed such a top, then declined 50% in value,” Brandt said. Bitcoin is down 5.32% over the…

Brian Armstrong Says Privacy Transactions Are Coming to Base

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Coinbase CEO Brian Armstrong said his team is moving closer toward making private stablecoin transactions possible on the Ethereum layer-2 Base, which could bring a much-needed boost to privacy on public blockchains. “Base is building private transactions,” Armstrong said in a post to X on Tuesday, noting that Coinbase acquired crypto privacy platform Iron Fish in March to deliver on that mission. Many respondents asked whether the privacy solution would mandate Know Your Client checks; however, Armstrong didn’t address those concerns, stating that more details would be shared soon. Source:…

Asian Exchanges Block Crypto Treasury Company Listings

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Stock exchanges in India, Hong Kong, and Australia have reportedly begun blocking or restricting companies from becoming digital asset treasury vehicles.   Hong Kong Exchanges & Clearing Ltd. has rejected at least five companies seeking to become DATs, citing rules against “cash companies” that hold primarily liquid assets, according to a Bloomberg report on Wednesday, citing anonymous sources. The Bombay Stock Exchange rejected a listing application last month from a company after it announced plans to invest proceeds in crypto. Meanwhile, Australia’s ASX bars companies from holding more than half of…

Stablecoin Yields Not A ‘Detriment’ To Banks, Says Kraken CEO

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Kraken boss David Ripley has fired back against a senior executive of the American Bankers Association, who argued that stablecoins yield is a “detriment” to banks’ abilities to support their community.  ABA’s senior vice president of innovation and strategy, Brooke Ybarra, said if major crypto exchanges such as Kraken or Coinbase were allowed to pay interest on payment stablecoins, it would “fly in the face” of the idea that stablecoins should be used for payments and not as a store of value. “A detriment to who?” Ripley said. “Consumers should…

Team Behind Layer 1 Cadena Discontinues Support

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The native token behind the Kadena layer 1 blockchain plummeted 60% in 90 minutes on Tuesday after its founding team announced it was winding down and ceasing all network maintenance due to “market conditions.”  In a post to X on Tuesday, Kadena said it “is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.” “We are tremendously grateful to everybody who has participated in this journey with us. We regret that because of market conditions we are…

Ocean Protocol Faces $250k Bounty after $120M Token Dump Allegations

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The ongoing feud between Fetch.ai CEO Humayun Sheikh and Ocean Protocol Foundation took another twist, as the CEO issued a bounty for more information related to an alleged misappropriation of tokens worth millions of dollars. Sheikh, in an X post on Tuesday, offered a $250,000 reward for more information on the signatories of OceanDAO’s multisignature wallet and their connection to the Ocean Protocol Foundation. A multisignature or multisig wallet is a cryptocurrency wallet that requires multiple signatures to execute and process a transaction. The $250,000 bounty offer comes days after the…

Ethereum’s Fusaka Upgrade Adds Per-Transaction Gas Limit Cap

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Ethereum is entering the final testnet phase of its Fusaka upgrade, the last major step before its expected mainnet rollout on Dec. 3. The update introduces a per-transaction gas cap of roughly 16.78 million units to enhance block efficiency and prepare the network for parallel execution. The change, already active on the Holesky and Sepolia testnets, is designed to prevent single transactions from consuming an entire block’s gas. Previously, a single transaction could use up to the full block gas limit of around 45 million, posing potential denial-of-service risks and…

$11B Bitcoin Whale Shorts Bitcoin for $235M, Nets $200M In Market Crash

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The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown. The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC), which is a de facto bet on the price decline of the world’s first cryptocurrency. The large investor opened the short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6…

SharpLink adds 19K ETH as corporate treasuries buy the dip

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SharpLink Gaming has expanded its Ether treasury to 859,853 ETH, worth roughly $3.5 billion, following a $76.5 million capital raise completed on Friday.  The company announced the acquisition of an additional 19,271 ETH at an average cost of $3,892 per Ether (ETH) in a press release on Tuesday. SharpLink earned 5,671 ETH in staking rewards since launching its Ethereum treasury strategy in June. At current prices of about $4,100 per ETH, those rewards are worth around $23.25 million. Staking allows SharpLink to deploy its ETH holdings as validators on Ethereum’s…

FED Mulls ‘Payment Accounts’ for Fintechs, Small Companies

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The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling the end of the crypto industry’s banking access challenges. The newly floated “payment accounts” would seek to grant full access to fintech companies seeking to utilize the Fed’s payment services, which are currently reserved for large banks and financial institutions through the Fed’s “master accounts.” “I believe we can and should do more to support those actively transforming…