Crypto News
Bitcoin Sinks Below $110,000 as Fed Turmoil and Economic Data Loom
Bitcoin fell below $110,000 as traders brace for U.S. economic data and political turmoil that could shape the Fed’s policy path.Source link
NVIDIA’s NVFP4 Format Revolutionizes AI Training with 4-Bit Precision
NVIDIA introduces NVFP4, a 4-bit precision format, enhancing AI training speed and efficiency while maintaining accuracy, marking a leap in large language model development. (Read More)Source link
Pantera Capital Eyes $1.25B Raise to Create Solana Treasury Firm: Report
Pantera Capital is weighing a plan to raise $1.25 billion to transform a Nasdaq-listed company into a Solana treasury vehicleSource link
Japan’s Finance Chief Sees Crypto Playing Meaningful Role in Investment Strategy
Positioning digital currencies as a viable component of investment strategy, Japan’s Finance Minister Katsunobu Kato stated that crypto assets could play a meaningful role in portfolio diversification. Speaking at a Tokyo-based cryptocurrency event, Kato emphasized that while these assets remain volatile, a well-structured regulatory environment could make them a sound investment. He stressed the importanceSource link
Asia Morning Briefing: BTC Fragility and ETH Rotation Signal Market Bracing for Consolidation Without New Liquidity
Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Bitcoin is trading just below $110,000 after another failed bounce, down roughly 7% since peaking over $117,000 in the wake of Powell’s dovish Jackson Hole speech, according to CoinDesk market data. Ethereum, which briefly touched $4,900 before a sharp reversal, is holding above $4,300 but showing signs of exhaustion after weeks of outperformance.The bull run is fraying, market observers say, as thinning liquidity, ETF outflows, and fragile onchain activity collide with whales rotating into ETH and retail longs...