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Bitcoin touched $71,612 on Tuesday evening before settling back to $70,036 by Wednesday’s Asian session, as a shift in the energy picture pulled risk appetite back across global markets.A key catalyst was a Wall Street Journal report that the International Energy Agency had proposed the largest crude reserve release in its history, exceeding the 182 million barrels released in 2022 after Russia’s invasion of Ukraine. The proposal responds to Persian Gulf production cuts that have removed roughly 6% of global oil output since the Iran war began, sending jet fuel and cooking gas prices soaring worldwide.Brent crude dropped below $90…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is drawing renewed attention after Cameron and Tyler Winklevoss transferred approximately $130 million worth of BTC to Gemini hot wallets over the past week. Movements of this scale from early holders often attract market scrutiny because transfers to exchange-linked wallets can indicate that coins are becoming available for potential sale. Winkelvoss Twins Bitcoin Transfers | Source: Arkham The Winklevoss twins are well-known figures in the cryptocurrency industry and among the earliest high-profile investors in Bitcoin. The entrepreneurs, who founded the Gemini cryptocurrency exchange in 2014, have…
Ethereum’s network activity has surged to all-time highs across multiple metrics, but the growth has failed to lift ether’s price or boost fee generation at the base layer.A weekly report from analytics firm CryptoQuant published March 10 found that daily active addresses on Ethereum approached 2 million in February 2026, exceeding peaks seen during the 2021 bull market. Active addresses are unique blockchain wallet addresses that have sent or received a transaction within a specific timeframe, like the past 24 hoursSmart contract calls, or codes on blockchain telling it to do something specific, topped 40 million per day, and token…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new Bank of International Settlement (BIS) paper argues that self-custodied crypto could become the next weak point in anti-money laundering enforcement if regulators tighten rules around other payment rails without closing the gap around user-controlled wallets. The core concern is straightforward: when one channel becomes harder to use, illicit flows do not disappear. They move. BIS Warns About Self-Hosted Crypto Wallets Using the EU as its main case study, the paper says self-hosted wallets occupy a particularly sensitive position because they do not rely on an…
Cryptocurrencies are extending their advances on Tuesday as easing concerns about a potential oil supply shock improved risk sentiment across global markets.The sentiment shift came after the International Energy Agency (IEA) said it would convene an extraordinary meeting of its member countries to consider releasing emergency oil reserves.Bitcoin BTC$69,725.98 climbed above $71,500 for the first time since Thursday, before easing back to the current $71,300, up 3.2% over the past 24 hours. The broad market CoinDesk 20 Index was up by a similar amount, with XRP (XRP), DOGE$0.09276, SUI$0.9511 and Hyperliquid’s native token (HYPE) leading gains among major crypto assets.WTI…
Bitcoin has climbed back to the top of its current trading range, placing the market at a critical decision point. While a breakout could open the door to further upside, analysts warn that failure to push higher may trigger a sharp rejection. If selling pressure emerges at these highs, Bitcoin could rotate back toward the key support level around $62,800. A Return To The Top Of Its Trading Range Bitcoin moves to its range highs, prompting analyst Lennaert Snyder to issue a cautious update regarding current market conditions. Snyder highlights his trading strategy: avoiding long positions at the top of…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Half of all assets sitting in US spot Solana exchange-traded funds are owned by large institutional investors — a sign that serious money, not just retail traders, has been driving demand since the products launched last fall. Wall Street Names Top The List Bloomberg ETF analyst James Seyffart released data this week drawn from 13F filings submitted to the Securities and Exchange Commission in mid-February. Those filings, required of any institution managing more than $100 million in assets, show that the 30 biggest holders of US spot…
Latest developments: Edelman told CoinDesk’s Jennifer Sanasie on Markets Outlook that the dispute over whether stablecoins can offer yield is threatening progress on market structure legislation.Banking groups argue allowing stablecoin issuers to offer yield would siphon deposits from traditional banks.Edelman said banks are opposing the provision largely because stablecoins pose a competitive threat to their business models.The issue has become a sticking point in negotiations around the Clarity Act, a proposed crypto market structure bill in Washington.Despite siding with crypto on the economics, Edelman said the banking lobby is politically strong and “likely to win the argument.”Why it matters: Edelman…
Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus. Related Reading A Small Nation With A Big Bitcoin Strategy On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, worth roughly $11.85 million, out of Bhutan’s main government wallet. The funds moved to an address created about a month ago, one that had already received 184 Bitcoin from state accounts. As of Tuesday, the coins had not moved again. No sale has been confirmed. But the transfer fits…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a recent X post, market analyst X Finance Bull claimed that buying XRP at its current price above $1 could be similar to purchasing Bitcoin (BTC) at just $200 in its early days, before the pioneering cryptocurrency skyrocketed. The analyst attributes his bullish outlook to a strong belief that XRP could be gearing up for a major price explosion in the near future, driven by major developmental catalysts. Why XRP At $1.39 Is Like Buying Bitcoin At $200 X Finance Bull is drawing striking comparisons between…