Bitcoin’s $60,000 support is still a bet on the dollar breaking
Glassnode's latest Week On-chain report says Bitcoin has entered a deep discount phase, with over 95% of short-term holders underwater and realized losses approaching levels associated with severe capitulation. The report also notes that a durable Bitcoin recovery is likely to require either the dollar index breaking below 99 or the 10-year Treasury yield co...
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BlackRock races Goldman Sachs to turn Bitcoin volatility into ETF income
BlackRock has updated its regulatory filing for a new Bitcoin Premium Income ETF, signaling an imminent launch that intensifies a Wall Street race against Goldman Sachs Group to capture yield-seeking digital asset investors. On June 10, the world's largest asset manager submitted an updated prospectus to the Securities and Exchange Commission (SEC) for the i...
U.S. House bill would erect crypto-theft task force across law enforcement agencies
New legislation from a bipartisan duo would set up a multi-agency group under the U.S. attorney general to take a lead on cryptocurrency theft cases....