As bitcoin dipped on Monday and into Tuesday, Peter Schiff—a vocal economic pundit and longtime BTC skeptic—leveraged the digital asset’s decline to lob a critique at Strategy’s Michael Saylor and the cryptocurrency’s volatility. Schiff Goes After Saylor’s Bitcoin Moves Schiff, whose disdain for bitcoin is well-documented, framed the moment as a poetic rebuttal to its […] Original
Day: February 25, 2025
Strive CEO urges GameStop to adopt Bitcoin as treasury asset
Strive Asset Management CEO Matt Cole urged GameStop to adopt Bitcoin as a reserve asset, arguing that the move could redefine the company’s financial strategy. In a letter sent to GameStop Chairman and CEO Ryan Cohen on Feb. 24, Cole suggested that GameStop’s nearly $5 billion in cash reserves could be used to position the company as a leader in the gaming sector. “We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier Bitcoin treasury company in the gaming sector,” Cole wrote. Strive, co-founded…
Institutional investors shift from Bitcoin to Ethereum ETFs, one altcoin gains serious buzz
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As institutions pivot to Ethereum ETFs, Lightchain AI creates a buzz with a $16.8m presale and real-world utility. As institutional investors adjust their portfolios, Bitcoin ETFs are becoming less appealing, while Ethereum ETFs are gaining significant traction. This shift signals a change in market sentiment, with Ethereum’s upgrades, scalability improvements, and real-world utility leading the charge. However, there’s another altcoin gaining attention — Lightchain AI. With its presale raising…
Crypto Exchange Bybit Fully Closes Ethereum Gap, According to Updated Proof of Reserves Report
Bybit’s chief executive says the firm has now fully closed the Ethereum gap after hackers stole nearly $1.5 billion worth of ETH and Lido Staked Ether (stETH) from the crypto exchange last week. Bybit CEO Ben Zhou says the exchange has restored a 1:1 backing on all client assets after the record-setting hack. Zhou’s claims are echoed in a proof-of-reserves audit report published by the blockchain security auditor Hacken on Sunday. “The Hacken team’s Proof of Reserves audit, conducted on Sunday, February 23, 2025, demonstrates that Bybit maintains an in-scope…
Ethereum Foundation’s Aya Miyaguchi Leaving Executive Director Role
Ethereum Foundation Executive Director Aya Miyaguchi shared Tuesday that she would be leaving her position and would soon be transitioning to her new role as president at the organization. The news comes as the nonprofit goes through a leadership shake-up and as Ethereum has become less popular for new builders in recent months, with some even blaming Miyaguchi’s leadership as for why the blockchain’s token price is lagging behind other cryptocurrencies. “This new opportunity will allow me to continue supporting EF’s institutional relationships, and to expand the reach of our…
Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out
Este artículo también está disponible en español. As part of his Cardano price prediction, crypto analyst CobraVanguard has revealed what needs to happen for ADA to never drop below the $0.8 level again. This comes amid the US SEC’s acknowledgment of Grayscale’s Cardano ETF filing, providing a bullish outlook for the crypto. How The Cardano Price May Never Drop Below $0.8 Again In a TradingView post, CobraVanguard noted that the Cardano price continues to move well within the wedge. The analyst claimed that if this wedge is broken, then market…
Bitcoin ETFs See $516 Million Outflow Amid Continued Investor Retreat
The crypto market faced notable withdrawals on Feb. 24, with bitcoin ETFs experiencing a net outflow of $516 million and ether ETFs shedding $78 million. Major funds, including Fidelity’s FBTC and Blackrock’s IBIT, led the downturn, reflecting a negative sentiment among investors. Crypto ETFs Face Significant Withdrawals as Bitcoin and Ethereum Funds Decline Investor sentiment […] Original
Elon Musk’s plan to run government on blockchain faces uphill battle
Elon Musk hit the headlines in late January for a reported plan to run parts of the US government on blockchain. The idea became an international story, even though Bloomberg’s sources were anonymous and neither Musk nor the US government announced anything official (Musk did express support for the idea on X however.) The concept clearly has fans in the crypto community. Coinbase CEO Brian Armstrong posted: “Imagine if every government expenditure was done transparently onchain,” while Binance co-founder Changpeng “CZ” Zhao opined that “all governments should track all their…
Bitcoin Price (BTC) Plunges Below $90K, but Interest Rate Outlook is Turning Positive
“I wouldn’t even be in this situation if it wasn’t for you. You brought down so much f—ing heat on me.” Robert De Niro as Ace Rothstein to Joe Pesci’s Nicky Santoro in Martin Scorsese’s Casino. Bitcoiners could be forgiven for blaming the rest of crypto for the bear move that took the price of BTC down more than 20% from a record high above $109,000 just five weeks ago to as low as $87,000 earlier on Tuesday. Bitcoin touched that record a day ahead of the presidential inauguration amid…
Meme coin crash weighing on crypto, but Bitcoin will rebound: Hougan
Matt Hougan, chief investment officer at asset manager Bitwise, says the crypto market’s current downturn marks the end of the meme coin boom. While Bitcoin (BTC) fell to a three-month low, dipping below $90,000, the Bitwise CIO believes the flagship digital asset will rebound. However, he is not as bullish on meme coins. According to Hougan, the meme coin frenzy, seen earlier this year with the likes of Official Trump and Official Melania, is nearing its end. He suggests this could happen within the next six months. “What crypto is…