Yen Weakens Despite $97 Billion Intervention; Bitcoin Carry Trade Risk Looms
Japan's yen fell to 160.16 per dollar despite ¥15.4 trillion support. A stronger yen may unwind carry trades, potentially hurting Bitcoin.
Japan's yen fell to 160.16 per dollar despite ¥15.4 trillion support. A stronger yen may unwind carry trades, potentially hurting Bitcoin.
Sberbank plans to accept Bitcoin, Ether, and USDT as loan collateral, pending central bank approval. Crypto payments remain banned in Russia.
Michael Saylor's 'We're back' post and three financial shifts suggest MicroStrategy may soon resume Bitcoin purchases.
Elon Musk supported a physics theory that quantum computers may stall at 200-400 qubits, but did not mention Bitcoin. Crypto traders interpreted it as proof…
Tim Cook, leaving Apple as CEO, held personal crypto but never added Bitcoin to Apple's balance sheet. New CEO John Ternus has not stated his position.
Meme coins on BNB Chain trade against tokenized GameStop shares, but the onchain market is tiny compared to the real stock.
Reform UK drops crypto sponsors ahead of its conference, focusing on diplomacy; UK police seize $1.4M in Bitcoin from darknet-linked assets.
Bitcoin fell to $77,379 after a rally fueled by $3 billion in ETF inflows over nine days.
Grayscale research links rising U.S. debt to a debasement trade that will benefit bitcoin, citing Treasury buyback moves.
Metaplanet CEO Simon Gerovich says at Bitcoin Asia that the region's moment for bitcoin is here, with a market bottom and deep savings ready to move.
Grayscale research shows Bitcoin's 90-day correlation with gold rose above 50%, as the debasement trade gains traction amid rising US debt.
Capital B raised €21M from Adam Back and TOBAM and said the funds could buy 270 more bitcoin, bringing its holdings to roughly 3,415 BTC.
Bitcoin dropped to $78,630 then recovered to $79,474 after Fed Chair Warsh's inflation comments.
Ethereum holders pulled 1.4M coins off exchanges since June 3, while Bitcoin balances rose, and ETF flows show a similar divergence.
Bitcoin's $6.4 billion options expiry removed the $80,000 anchor, shifting focus to Fed Chair Warsh's Jackson Hole speech.