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In brief Bitcoin is now trading below its 2024 Election Day mark as it continues its slide this week. The top crypto asset briefly traded below $60,000 for the first time since 2024, and is now nearly 52% off its all-time high. Trump said recently that he’ll “never let crypto down,” but his markets influence appears to have waned. Demand for Bitcoin in the wake of the 2024 reelection of President Donald Trump was dubbed part of the “Trump Trade”—a way to describe the top crypto asset’s alignment with Trump and expectations of a more crypto-friendly administration and favorable policies.Those…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has fallen to new lows in this bear cycle, dropping below the psychological $60,000 level. This comes amid the U.S.-Iran war, which has remained muted for a while. At the same time, U.S. Treasury Scott Bessent provided an update on the Strategic BTC Reserve. Price Falls Amid Developments With Bitcoin Reserves BTC has fallen to its lowest level since it topped in October 2025, dropping to around $59,000 yesterday, taking out the February low of $60,000. This also marks the lowest point since the U.S.-Iran war…
Pedro wipes the sleep from his eyes, kisses his wife on the cheek, and rolls over to pick up his phone to check on his Luna Classic validators. In the real world, he’s waking up for his job as the head brewer at a beerhouse. But in the virtual one, he’s known as Vegas, one of the leading voices in the Terra Luna Classic community.Terra Luna Classic is the blockchain that was forked and abandoned when Terraform Labs founder Do Kwon attempted to save his crumbling empire in 2022. Kwon has since been convicted of fraud and sentenced to 15…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.GM!Today’s top news: Bitcoin holds steady while other majors dip; BTC at $62.5k BTC ETFs see net inflows for first day since May 14 ZEC exploit vector confirmation sends the token down 43% First Fannie Mae-backed Bitcoin mortgage completed Pump Fun launches Pump Fun Go as new bounty marketplace 🚩 ZCash Exploit Found by Whitehat…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In the previous bull market, meme coins like Dogecoin and Shiba Inu dominated, with gains that were previously unheard of in the space. Their popularity gave rise to meme coins of other calibre, with many seeing varying degrees of success in the market. However, with the latest cycle, meme coins seem to be taking a back seat, as “crime coins” have become the main focus of investors. Dogecoin And Shiba Inu Go Down With Meme Coins Even through the meme coin run of 2024-2025, which was triggered…
In brief Cypherpunk Technologies shares tumbled 37% on Friday as jitters tied to a Zcash bug knocked the Winklevoss-backed firm. The company, which owns $102 million worth of Zcash, saw its holdings suddenly plunge underwater as the privacy coin fell. Cameron Winklevoss has been an outspoken supporter of Zcash, saying he believes “strong privacy is an essential property of sound money.” Fallout from a major bug that could’ve flooded the Zcash market with counterfeit coins hit Wall Street on Friday as investors unloaded shares in Cypherpunk Technologies, putting pressure on the firm backed months ago by tech moguls Cameron and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The largest Solana treasury company has deposited a notable amount of SOL to Coinbase Prime, a potential sign that the firm is looking to sell. Forward Industries Has Made A Large Solana Deposit To Coinbase As highlighted by on-chain sleuth Lookonchain in an X post, Forward Industries has transferred some of its Solana to Coinbase Prime, the institution-focused branch of cryptocurrency exchange Coinbase. Forward Industries is a design and manufacturing company that pivoted to a SOL treasury strategy model last year. The firm immediately became the largest…
In brief Rep. Brad Sherman said allowing government payments in stablecoins would “sanctify an alternative to the U.S. dollar” built to “facilitate a tax-evasion economy.” His rebuke followed NCUA Chairman Kyle Hauptman’s pitch that stablecoins could speed up tax refunds and emergency stimulus payments. The clash came at a House Financial Services Committee hearing on regulators’ progress implementing the GENIUS Act. Long-time crypto critic U.S. Rep. Brad Sherman (D-CA-32) took aim at government stablecoin payments during a House hearing on banking regulators Thursday, arguing that they would facilitate tax evasion.During the hearing on Oversight of Prudential Regulators, National Credit Union…
In brief BitMine raised ~$274 million by selling 3.5 million shares of preferred stock at $80/share, less fees. Proceeds will fund Ethereum acquisitions, staking infrastructure, and possible stock buybacks. The preferred shares pay a 9.5% annual dividend and are expected to list on the NYSE under ticker BMNP. BitMine Immersion Technologies, the leading Ethereum treasury firm, priced a larger-than-expected preferred stock offering Friday, expecting to raise an estimated $273.8 million in a bet on Ethereum’s growing role in institutional finance.The company, which trades under the ticker BMNR, sold 3.5 million shares of newly created Series A Perpetual Preferred Stock at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s recent pullback has significantly flipped the sentiment across the market, with many predicting a more sustained downward performance toward the $60,000 price mark. Following this sharp decline, more investors are now underwater as BTC’s holders’ profitability strongly declines. Bitcoin’s Sharp Decline Leaves More Holders Underwater Given its persistent downward trend over the past weeks, the Bitcoin market dynamics are starting to see one of its most crucial changes in this cycle. One area that has significantly felt the heat of this ongoing bearish action is the…
In brief House Republicans unveiled seven crypto tax bills set to be discussed at a Tuesday Ways and Means Committee hearing. The proposals would exempt staking rewards from taxable income and create a $10 de minimis exemption for gas fees. The bills stop short of creating a broader exemption for everyday crypto purchases, a longtime industry goal. House Republican leadership has begun circulating seven new crypto tax bills that will take center stage at a key hearing next week. The bills cover a wide range of hot-button issues, including de minimis exemptions, the tax treatment of crypto staking and mining rewards,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Heavily haken by ongoing volatility, Solana and its broader market are facing heightened downside pressure, pushing its price to the $68 mark. Despite how bearish SOL has turned out over the past few months, robust optimism continued to be expressed toward the leading altcoin and its market capability. Solana’s Market Structure Draws Bold Endorsement After conducting an extensive review of market structure, a crypto pundit has made an audacious comment on Solana’s market coverage and infrastructure. The evaluation from Chase, a Solana mobile employer, may identify the…
In brief The price of Zcash crashed more than 40% following the discovery of a vulnerability that could have led to counterfeit ZEC minting. Whether or not the vulnerability was exploited remains unknown—a variable impacting the price according to analysts. Even with its fall, Zcash remains one of the top performing assets of the last year, up more than 580% in that time. A four-year-old vulnerability that could have fueled unlimited minting of ZEC was discovered in one of Zcash’s private transaction pools—a core feature of the privacy-focused network—fueling investor panic and sending ZEC down more than 40% in a…