Category: Bitcoin News

AI Kills Jobs, Crypto Eats Payments: Citrini Research’s 2028 Scenario

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Thematic equity and global macro analysis company Citrini Research has published a new post imagining the world of 2028 that sketches an economy transformed by artificial intelligence. In Citrini’s version of near-future history, AI finally delivers on its productivity promise, as companies cut staff, profits surge and stocks roar. The post is framed as a macro memo from June 2028 and has been shared widely on X. In Citrini’s scenario, equity markets initially celebrate the efficiency shock. The S&P 500 “flirted with 8000,” and the Nasdaq “broke above 30k,” as investors…

Strategy Acquires 592 BTC in 100th Bitcoin Purchase

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Strategy bought 592 Bitcoin for about $39.8 million last week, marking its 100th purchase since the company adopted its Bitcoin-focused treasury strategy in August 2020. The latest purchase brings the company’s total holdings to 717,722 BTC, acquired at an aggregate cost of $54.56 billion, according to a US Securities and Exchange Commission filing on Monday. The newly acquired Bitcoin was purchased at an average price of $67,286 per BTC, inclusive of fees and expenses. The purchases were funded through the sale of 297,940 shares of Strategy’s Class A common stock…

How Socialfi, Memecoins and AI Pushed Base to the Top of the L2 Ladder

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Base will transition to a unified, internally maintained stack, expected to be its biggest architectural shift since launch. After debuting in 2023 as a rollup built on Optimism’s OP Stack, Coinbase’s Ethereum layer 2 is now consolidating its software into an in-house distribution, which can unlock faster upgrades and greater autonomy over its technical roadmap. It has been exactly three years since Base launched its testnet. The network has experienced SocialFi explosions and ridden its own memecoin wave. It even went through a phase that both fascinated and unnerved Crypto…

Bitcoin Treasuries Log Rare Selling Streak as BTC Trades near $66,000

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Corporate Bitcoin treasury companies posted a rare three-week selling streak, a shift analysts say could deepen Bitcoin’s pullback if fresh demand doesn’t emerge. Bitcoin (BTC) treasury companies logged three consecutive weeks of selling, according to Capriole Investments’ Bitcoin Treasuries buy and sell indicator shared by educational platform Coin Bureau. The metric tracks net buying and selling by public companies that hold Bitcoin on their balance sheets. It marked the first three-week selling streak in the short history of BTC treasury companies. Continued corporate selling threatens to push Bitcoin’s price toward…

Bitcoin Market Cap Drops as Traders Predict Deeper Losses

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Bitcoin slid below $65,000 over the weekend before stabilizing Monday as traders on prediction market Polymarket increased bets that the cryptocurrency’s pullback has further to run. The odds of Bitcoin (BTC) falling below $55,000 climbed to 72% on Polymarket Monday, with $1.2 billion in volume on platform. Other bearish bets include price declines below $50,000 and $45,000, with odds of 67% and 47%, and trading volumes of $170,000 and $1.4 billion, respectively. Odds that Bitcoin would drop below $55,000 surged 14% at the time of writing. Source: Polymarket Bitcoin briefly…

Ethereum Price May Slip Below $1.5K as Buterin Keeps Selling ETH

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Ethereum’s native token, Ether (ETH), is on track to test and potentially break the $1,500 support level in the coming days. Key takeaways: Ethereum has entered the breakdown phase of its prevailing bearish continuation pattern. ETH price may decline below $1,500 by early March amid founder-led selling. ETH bear pennant breakdown targets $1,475 On Monday, ETH’s price dropped by more than 5.60% to about $1,850 amid a broader de-risking sentiment led by nervousness surrounding tariffs. In doing so, the biggest altcoin broke below the lower trendline of its prevailing bear…

JPMorgan Admits to Debanking Trump After Capitol Riot

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The largest bank in the US, JPMorgan, admitted to de-banking Donald Trump following the Jan. 6, 2021 Capitol attack in a move that ultimately led the Trump family to start going down the crypto rabbit hole.  Dan Wilkening, JPMorgan’s former chief administrative officer, acknowledged that the bank had decided to close accounts tied to Trump, marking the first time JPMorgan has admitted to doing so on record, according to court filings seen last week by outlets including Fortune and CNBC. “In February 2021, JPMorgan informed Plaintiffs that certain accounts maintained…

AI Assistants could Transform Governance: Buterin

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Ethereum co-founder Vitalik Buterin says artificial intelligence could help create more efficient decentralized governance models and enable users to make better-informed decisions.   Buterin said in an X post on Sunday that one of the main issues with democratic and decentralized modes of governance, like DAOs, is the “limits to human attention,” because of the many decisions that can require a wide range of expertise or time, which most don’t have. “The usual solution, delegation, is disempowering it leads to a small group of delegates controlling decision-making while their supporters, after…

AI Agent Lobstar Wilde Accidentally Sends $442K to Beggar

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Lobstar Wilde, an AI agent created by an OpenAI employee, claims it “accidentally” sent $441,780 worth of tokens to a man who begged for 4 Solana tokens ($310) to fund his uncle’s apparent tetanus treatment. Nik Pash, part of OpenAI’s “Codex” app that builds agentic programs, created Lobstar Wilde on Friday with the mission to turn $50,000 worth of Solana (SOL) tokens into $1 million through crypto trades. “Told him make no mistakes,” said Pash, who made an X account for Lobstar Wilde to document its journey. Unfortunately, Lobstar Wilde…

Five Crypto Exchanges Help Russia Dodge Sanctions: Elliptic

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Five crypto exchanges are allegedly helping Russians skirt international sanctions, filling a vacuum left by Russian exchange Garantex after it was taken down last year, according to crypto analytics firm Elliptic. Elliptic said in a report on Saturday that the crypto exchanges Bitpapa, ABCeX, Exmo, Rapira and Aifory Pro are allowing Russian ruble-to-crypto conversions. The crypto then can be transferred across borders “without passing through any intermediaries” and converted to another fiat currency. “Despite growing regulatory pressure, many of these exchanges, some with nominal registrations outside Russia, still facilitate high…