Crypto News

Several factors are setting the stage for a "massive wave of maybe 10, 20 years of bullish" price action for Bitcoin, according to Mow.Source link

BTC continues to trade within a tight range as investors monitor the macroeconomic landscape and gauge conflicting market signals. Conflicting Market Pressures See BTC Stabilizing at $96.5K Bitcoin (BTC) is maintaining a cautious upward trajectory, trading at $96,540.34 at the time of reporting. This marks a modest 0.25% increase over the past 24 hours andSource link

Bitcoin price may be volatile but it didn't stop giant financial institutions from continuing to invest more.Large institutions such as pensions or hedge funds tripled their holdings of spot bitcoin exchange-traded funds (ETFs) in the fourth quarter of 2024, data from 13F filings with the Securities and Exchange Commission (SEC) showed.Institutional investors bought $38.7 billion worth of the spot bitcoin ETF, according to Bitwise chief investment officer, Matt Hougan. This is more than three times the previous quarter, in which only $12.4 billion worth of holdings were reported.Investors with assets over $100 million are required by the SEC to report their holdings each quarter.Several hedge funds and pension funds, among others, have started buying the funds since January 2024, when...

A group of top Ethereum developers and leaders released Wednesday a new framework that would simplify and standardize cross-chain token transfers.The initiative, called the Open Intents Framework (OIF), was kickstarted by contributors from the Ethereum Foundation and is supported by 25 projects including teams building layer-2s like Arbitrum, Optimism, ZKsync, and Scroll, according to a press release shared with CoinDesk.The goal of the initiative is to bring “intents” to all corners of the Ethereum ecosystem, which is a technological feature that lets a blockchain user accomplish a specific goal by asking an intermediary to fulfill that goal (like a trade or transaction they want to make.)There are some standards out there that are already trying to make cross-chain transactions easier...

The CGX token is now live on Ethereum sidechain network Ronin, alongside Community Gaming’s new Forkast prediction markets platform.Source link