The Cointelegraph Press Review

Cointelegraph.com News

• Bitcoin catches a bid, but data shows pro traders skeptical of rally above $92K
  Bitcoin's rejection at the short-term range highs is caused by macroeconomic uncertainty, liquidations and stagnant spot ETF flows. Will clearer signals from the US economy boost BTC volumes? Key takeaways:Economic uncertainty, a delayed jobs report and weakness in the housing market are causing traders to retreat from Bitcoin.Pro traders are incurring high costs to protect […]
• Crypto, TradFi sentiment improves: Will Bitcoin traders clear shorts above $93K?
  Improving retail crypto and TradFi investor sentiment align with the recent uptick in Bitcoin price, but sell orders and short positions in the $93,000 range threaten to cap the rally. Over the past two weeks, Bitcoin price repeatedly revisited the $90,000 range as retail investor sentiment improved, fund managers restated their bullish expectations for a […]
• Here’s what happened in crypto today
  Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto: BlackRock has filed for regulatory approval to launch a staked Ether exchange-traded fund in the United States. Coinbase has reopened app registrations in India […]
• Saylor pitches Bitcoin-backed banking system to nation-states
  Speaking in Abu Dhabi, the Strategy CEO said nations could use Bitcoin reserves and tokenized credit markets to offer regulated accounts with higher yields. Michael Saylor, CEO of the world’s largest Bitcoin treasury holder, is pushing nation-states to develop Bitcoin-backed digital banking systems that offer high-yield, low-volatility accounts capable of attracting trillions of dollars in […]
• CoreWeave plans $2B note offering to scale AI business while managing dilution
  CoreWeave plans a $2 billion convertible note offering as it scales AI infrastructure, following a yearlong pursuit of Core Scientific for added power capacity. AI infrastructure provider CoreWeave (CRWV) plans to raise $2 billion through a private offering of convertible senior notes due 2031, with proceeds earmarked for general corporate purposes and for capped-call transactions […]
• US judge asks for clarification on Do Kwon’s foreign charges
  The Terraform Labs co-founder could face up to 40 years in prison in South Korea, but a judge questioned whether the country would ignore his US sentence. With Do Kwon scheduled to be sentenced on Thursday after pleading guilty to two felony counts, a US federal judge is asking prosecutors and defense attorneys about the […]
• StableChain launches mainnet with USDT gas fees, dedicated governance token
  The USDT-powered network launches with support from Bitfinex, Hack VC, Tether executives and other investors following a $28 million seed round. Tether-backed Stable protocol has launched its USDT-powered blockchain, StableChain, alongside a new governance foundation and a native token. According to the protocol, the new layer-1 network is designed for stablecoin transactions and relies on Tether’s […]