Live Feed

Satoshi's Bitcoin stash loses $20 billion in value following market crash

Satoshi Nakamoto's Bitcoin wallets have witnessed a decline of over $20 billion in value following a recent market crash that affected many cryptocurrencies, some losing up to 99% of their value. The unrealized loss occurred since Bitcoin's all-time high of over $126,000 in early October, with Satoshi's stash of over 1 million BTC valued at approximately $117.5 billion. The decline was exacerbated by investor fears of a renewed trade war following comments from U.S. President Donald Trump. Analysts from The Kobeissi Letter argue that this market crash does not have long-term implications for fundamentals and speculate that a trade deal will eventually stabilize the market. They noted that despite the crash, Bitcoin remained resilient, staying above $100,000, and highlighted the unusual concurrent rise of risk-on and store-of-value assets, like gold and Bitcoin, suggesting an ongoing macroeconomic shift towards these crypto assets.

Source 🔗

XRP, Solana See Bullish Reset in Sentiment as Bitcoin and Ether Lag

XRP and Solana have shown renewed bullish sentiment as their options indicate positive risk reversals, contrasting with Bitcoin and Ethereum, which remain in a bearish state. The 25-delta risk reversal, a sentiment gauge that assesses market expectations by comparing the implied volatilities of call and put options, has turned positive

Japan’s FSA May Let Banks Hold Bitcoin and Other Cryptocurrencies

Japan’s Financial Services Agency (FSA) is considering regulatory reforms that could permit banks to hold cryptocurrencies like Bitcoin and operate licensed crypto exchanges. This change would represent a significant shift from the current guidelines, which restrict banks from holding digital assets due to their volatility risks. According to reports,

BitMine accumulates $1.5B in Ether since crash despite Lee’s treasury bubble fears

BitMine has amassed $1.5 billion worth of Ether following a recent market crash, continuing its bullish stance despite warnings from Fundstrat’s Tom Lee, who suggested that the digital asset treasury (DAT) bubble may be deflating. The purchases were made in three transactions totaling 379,271 ETH, occurring after

Read next