Tag: Report

Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report

boss

Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally. Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power In its latest weekly report, the on-chain analytics firm Glassnode has talked about the latest trend in the Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply of stablecoins. Stablecoins are cryptocurrencies that have their price tied to a fiat currency. The SSR specifically measures the supply of the stablecoins tied to the…

Bitcoin Steady as Stocks Rally After Upbeat Jobs Report

Stocks surged to record highs once again after positive jobs data sparked a market rally. Bitcoin however, chugged along, mostly flat. Jobs Report Buoys Optimism, Bitcoin Flat As Stocks Surge Market sentiment was positive across the board on Thursday after the U.S. Bureau of Labor Statistics revealed better than expected June employment data. The economy […] Source CryptoX Portal

Stablecoins supply crossed $250b on investor optimism: Binance report

In June, crypto markets rose modestly, but stablecoins were the big winners, according to a report by Binance Research. Markets remained bullish but volatile throughout the month, while stablecoins became a focal point. On Thursday, July 3, Binance Research published a report outlining key trends from the past month. Most notably, stablecoin volume reached $253.7 billion, as landmark legislation passed the U.S. Senate. The passage of the Genius Act in the Senate was a major catalyst that drove stablecoin adoption. The act brings stablecoins into a regulated framework, prompting more…

Peter Thiel and Billionaire Consortium To Launch New Bank Serving Cryptocurrency Startups: Report

boss

PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to popular fantasy series The Lord of the Rings. FT says the billionaires intend for the bank to serve crypto startups and take the place of Silicon Valley Bank (SVB), a crypto-friendly bank that ended up…

Belgium Bank KBC To Debut Bitcoin Via Bolero: Report

boss

KBC Bank, one of Belgium’s largest financial institutions, is reportedly preparing to allow its customers to invest in cryptocurrencies through its Bolero subsidiary. Bolero, an online investment platform operated by KBC, will roll out access to Bitcoin (BTC) and Ether (ETH) investments on its platform later this year, local newspaper L’Echo reported on Wednesday. KBC expects to secure regulatory approval for the product by autumn. A spokesperson for KBC confirmed the bank’s plans to L’Echo. “Individual investors could then invest directly in Bitcoin and Ether in a secure environment, with…

Only a handful of Bitcoin treasury companies will survive: Report

Only a few Bitcoin (BTC) treasury companies will stand the test of time and avoid the vicious “death spiral” that will impact BTC holding companies that trade close to net asset value (NAV), a business entity’s total assets minus its liabilities, according to a report from venture capital (VC) firm Breed. The health of Bitcoin treasury companies hinges on their ability to command a multiple of their net asset value (MNAV), the authors wrote. Breed’s report outlined the seven phases of a BTC treasury company’s decline, which begins with a…

How to Understand a Stablecoin Attestation Report (Step-by-Step Guide)

boss

Key takeaways Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys. Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence. Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins. USDC sets an industry benchmark with regular third-party attestations, transparent reserve reporting and compliance with MiCA regulations. Stablecoins play a crucial role in the digital asset ecosystem, bridging traditional…

Binance has most Bitcoin liquidity, But Bitget leads with altcoins: Report

boss

A report by CoinGecko compared major exchanges on the liquidity they offer to traders across several major crypto assets. Binance continues to dominate among crypto exchanges, especially when it comes to Bitcoin (BTC) trading. However, a report by CoinGecko, published on June 25, suggests that smaller exchanges can compete with Binance in the altcoin market. Specifically, Bitget (BGB) exchange leads in the key mid-spread band for altcoins, which is where most real trading occurs. CoinGecko’s report shows that Binance remains unchallenged in terms of Bitcoin liquidity. Binance controlled around 32%…

Kalshi Raises $185M at $2B Valuation: Report

boss

Kalshi, a prediction market and competitor to Polymarket, has reportedly closed a $185 million funding round that values the company at $2 billion, indicating growing investor appetite for the emerging sector. The round was led by crypto investment company Paradigm, with participation from venture capital companies Sequoia Capital, Multicoin Capital and other investors, The Wall Street Journal reported on Wednesday. CEO and co-founder Tarek Mansour said the funding will be used to expand Kalshi’s technology team and integrate its prediction contracts into more brokerage platforms. Currently, Kalshi contracts are available…

Trump Administration Mulls ‘Debanking’ Executive Order: Report

boss

US President Donald Trump’s administration is reportedly considering an executive order aimed at preventing banks from cutting off services to politically unfavorable industries, including cryptocurrency firms, according to a report from The Wall Street Journal, citing unnamed sources. The move would come in response to allegations that some banks have denied services to tech and crypto entrepreneurs as part of a coordinated debanking campaign critics have dubbed “Operation Chokepoint 2.0.” At least 30 technology and cryptocurrency founders were reportedly denied access to banking services during the Biden administration. Trump administration…