Bitcoin dices with $110K as US jobs beat takes Fed rate cut ‘off table’
Bitcoin’s price fluctuated near $110K as strong US jobs data reduced expectations of a Fed rate cut, impacting market sentiment and BTC’s short-term trajectory.
Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed
A U.S. judge allows Celsius Network to proceed with a $4.3B lawsuit against Tether over the alleged improper sale of 40,000 BTC in 2022, dismissing some claims but finding merit in others.
South Africa’s First NFT Marketplace, Momint, Shuts Down Amid Market Pressures – News Bytes Bitcoin News
South Africa’s first NFT marketplace, Momint, shuts down due to high operational costs, limited growth, and tough funding conditions despite raising $2.1 million in seed funding.
BlackRock Wants Bitcoin Higher—And Their Revenue Proves It
BlackRock’s Bitcoin ETF (IBIT) now generates more revenue than its S&P 500 ETF (IVV), highlighting institutional incentives for Bitcoin’s price growth due to higher fee structures and capital inflows.
Pakistan Bitcoin mining plan in limbo as IMF rejects power subsidies: Report
Pakistan’s plan to subsidize Bitcoin mining with surplus electricity faces IMF opposition over market distortion concerns, though the proposal remains under review with World Bank input.
MiCA enforcement still fragmented across EU, says Bitpanda exec
Bitpanda exec highlights uneven MiCA implementation across EU, noting regulatory differences persist despite the framework aiming for harmonization. Bitpanda holds three MiCA licenses.
Cronos Delivers Sub-Second Block Time, Cementing Status Among Top 10 Fastest Chains
Cronos achieves sub-second block time, ranking among top 10 fastest blockchains. Recent upgrades enhance speed, scalability, and developer experience, solidifying its competitive position.
Arthur Hayes says US banks may unlock $6.8 trillion T-bill buying power through stablecoins
Arthur Hayes suggests US banks could use stablecoins to unlock $6.8 trillion in T-bill buying power, aiding Treasury debt challenges through tokenized deposits and AI-driven compliance.
John Smedley’s studio raises $30.5M for new shooter built on Etherlink
John Smedley’s studio raises $30.5M to develop a Web3 AAA shooter, Reaper Actual, using Tezos’ Etherlink blockchain for tradeable in-game assets.
AI coins thrive: INJ, VIRTUAL surge 13% – What’s next for Q3?
AI crypto coins like INJ and VIRTUAL surged 13%, with NEAR and THETA following. Market analysis suggests potential breakouts or corrections, while Bitwise’s NEAR Staking ETP may influence Q3 trends.
