Bitcoin Tops $124K Amid Fed Speculation
Bitcoin’s record-breaking rally past $124,000 yesterday reflects runaway optimism for September rate cuts, yet underlying inflation trends suggest the climb could face turbulence.
Victoria, Seychelles, 6th August 2025, Chainwire
Read MoreDubai, Dubai, 26th June 2025, Chainwire
Read MoreBitcoin’s record-breaking rally past $124,000 yesterday reflects runaway optimism for September rate cuts, yet underlying inflation trends suggest the climb could face turbulence.
Ethereum’s rally is far from over, according to Standard Chartered, which just hiked its year-end price target to $7,500 (from $4,000) and introduced a staggering $25,000 forecast for 2028.
Elon Musk’s aerospace company, SpaceX, now holds over $1 billion in Bitcoin as the cryptocurrency reaches new all-time highs.
As Sui network activity surges, Grayscale has unveiled two new single-asset trusts tied to ecosystem protocols DeepBook and Walrus (WAL).
The US Justice Department has secured a major victory in its crypto crackdown as Terraform Labs’ Do Kwon agrees to plead guilty to fraud charges.
As institutional interest in crypto grows, Pantera Capital has revealed a $300 million+ investment in digital asset treasury (DAT) companies, positioning them as a yield-generating alternative to ETFs or direct holdings.
In a bid for greater regulatory clarity, stablecoin issuer Paxos has applied for a national trust bank charter under the OCC.
Despite $1B in outflows early last week, crypto investment products rebounded to $572M in net inflows, lifting total assets under management to a record $32.6B.
Spot Ethereum ETFs shattered expectations Monday with $1.02 billion in net inflows – their first billion-dollar day since debuting last summer.
Coinbase is bridging the gap between centralized and decentralized finance with its new DEX trading feature, unlocking millions of assets for US users.
Bo Hines’ tenure as head of the White House’s crypto advisory council is coming to an end.
El Salvador has taken another step in crypto integration by passing a law that lets investment banks hold Bitcoin and offer digital asset services.
Animoca Brands, in collaboration with Standard Chartered and Hong Kong Telecommunications (HKT), has commenced the regulatory process to establish a licensed stablecoin operation in Hong Kong.
In a landmark move, President Donald Trump has signed an executive order allowing cryptocurrencies, private equity, and other alternative assets to be included in 401(k) retirement plans.
The SEC and Ripple have officially ended their legal battle by withdrawing appeals, leaving in place a landmark ruling that XRP is not inherently a security.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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