With Bitcoin resuming its northward movement, the stage seems set for the firstborn crypto to touch new price levels. Bitcoin researcher Axel Adler Jr. even predicts a 70% chance of BTC reaching a fresh high in the next two weeks. However, data also shows more traders exiting positions around $114,000.
Michigan has accelerated its push to establish a state-owned crypto reserve, with a key bill advancing to its second reading after months of legislative standstill. If passed, the measure will allow the peninsular state to hold 10% of its investment in digital assets.
The tickchain Qubic (QUBIC) is making headlines with the launch of an ambitious marketing campaign in partnership with OKX, one of the largest crypto exchanges in the world. This initiative, endowed with an impressive budget, rekindles speculation about a potential listing of QUBIC on top-tier platforms.
Kevin Durant, two-time NBA champion and recognized investor, has just regained access to a Bitcoin wallet that had been inactive for nearly ten years. Created in 2016, at a time when BTC was trading around 600 dollars, this forgotten wallet illustrates the decisive role of time in the valuation of cryptos. Its reactivation reveals a spectacular gain: a 195-fold increase of the initial investment.
This month could finally initiate a concrete turn in the endless FTX saga. Indeed, the FTX Recovery Trust plans to release 1.6 billion dollars for the creditors, marking the third wave of reimbursements since February. In a climate still imbued with distrust, this massive redistribution crystallizes hopes for a credible recovery. However, as payments progress, pressures intensify on the crypto industry, urged to close the chapter of the scandal and restore widely eroded trust.
The Bitcoin network has never been stronger. Its mining difficulty has just reached an all-time high at 142.3 trillion, up 29.6% since January. This figure reflects both the rise in hashrate power and the growing pressure on mining companies. While the blockchain strengthens against potential attacks, technical and economic requirements impose an increasingly tough selection among sector players.
When equations shipwreck, a Google AI comes to the rescue. Result: stunned mathematicians and a scientific future that looks like science fiction.
As the conflict in Ukraine drags on, the European Union opens a new front: that of cryptos. For the first time, Brussels plans to directly sanction crypto platforms, integrating these decentralized infrastructures into its economic measures against Moscow. A discreet but strategic shift, integrating cryptos into the realm of international pressure tools.
Washington goes back to the drawing board. The US Treasury opens a new comment window to transform the GENIUS Act, the future framework law on payment stablecoins, into applicable rules. The stated objective is to secure the use of tokenized dollars while maintaining a workable playground for crypto innovation. Let's get into the specifics.
MetaMask, the essential crypto wallet of the Ethereum ecosystem, could finally launch its token. Joe Lubin, CEO of Consensys, has just announced that this launch could happen "sooner than expected." A promise that excites traders⊠but also leaves many doubts.