Bitcoinist Press Review

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• Kanye West Vs. Censorship: YZY Token Launch Sparks Crypto Buzz
  Kanye West, also known as Ye, is once again generating headlines, this time in the cryptocurrency space. The controversial musician and entrepreneur has announced the launch of his cryptocurrency, YZY, with the objective of creating a financial environment independent from traditional payment platforms. He initiated this course of action after numerous organizations severed their relationships […]
• Spot Solana ETF Race Intensifies As Franklin Templeton Submits Application
  Franklin Templeton, one of the world’s largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors. Franklin Templeton To Offer Staking […]
• Bybit Turns To Bitget And Binance For $239 Million ETH Loan Amid Withdrawal Spike
  Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange’s cold wallet, an offline storage system, to steal the exchange’s assets, primarily Ether. On-chain data reveals that the stolen funds were quickly transferred into different wallets and liquidated on […]
• Bitcoin On-Chain Metric Resets To 1.01 — Here’s Why It Could Spark A Rally
  Following a brief ascent above $99,000 on Friday, the Bitcoin market experienced a negative end to the past trading week as prices crashed below $96,000 in a sharp descent. Based on these happenings, the premier cryptocurrency remains in consolidation with little indication of its long-term price movement. Notably, blockchain analytics firm Glassnode has shared a […]
• Ethereum Taker Buy Sell Ratio Shows Bullish Divergence – Time For A New Trend?
  Ethereum is trading below the $2,700 mark after days of struggling to reclaim it and push above $2,800. Bulls have been unable to gain momentum, and selling pressure has kept ETH below key resistance levels. On Friday, the market was hit with negative news as Bybit, one of the top crypto exchanges, was hacked, leading […]
• Can Bitcoin Erase US Debt By 2049? VanEck Research Weighs In
  VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States’ rising national debt. The study, based on Senator Cynthia Lummis’ proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country’s debt by 2049. But how feasible is this concept? Related Reading: Bitcoin Vs. […]
• Bybit Sees 2K Bitcoin Outflow Following ETH Hack – Metrics Reveal Strong BTC Reserves
  Bitcoin has experienced a quiet week, with price action stuck in a narrow range between $95K and $100K. Bulls have struggled to reclaim the $100K mark, while bears have failed to break the $95K support, leading to uncertainty about the next major move. However, fear and volatility spiked on Friday after the cryptocurrency exchange Bybit […]