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Treasury Secretary Scott Bessent told Congress he has no authority to bail out Bitcoin. The exchange came during a Senate Banking Committee hearing, when Senator Brad Sherman asked whether the Treasury could intervene to support cryptocurrency prices.
Bessent's answer was direct: he cannot use taxpayer dollars to buy Bitcoin, and the question falls outside his mandate as chair of the Financial...
Bitcoin is back in that familiar place where the chart looks ugly, the timeline feels loud, and everyone is trying to guess whether the next move is the one that finally breaks the mood.
Today, Bitcoin fell below $70,000 for the first time in well over a year.
Historically, that price still looks strong, especially if you zoom out to any point before 2024. A Bitcoin investor in 2020 would have...
Bitcoin retreated below the closely watched $70,000 threshold, leading a broad selloff in digital assets that has erased over $1 billion in trading positions.
According to CryptoSlate's data, the world’s largest cryptocurrency fell to lows not seen since the November 2024 election, dragging the wider market into the red.
Ethereum slid 7% to around $2065, while XRP, a recent outperformer, dropped...
A leveraged Ethereum position built by Jack Yi's Trend Research continues to unwind under pressure.
The position, assembled through Aave's lending protocol and reported to have reached roughly $958 million in borrowed stablecoins at its peak, has been shrinking through repeated defensive sales as Ethereum's price declines.
On Feb. 4, Trend deposited another 10,000 ETH (approximately $21.2 million...
Bitcoin’s latest drawdown is forcing a critical stress test on the “treasury company” trade.
Over the past months, the model appeared simple, requiring companies to sell stock or low-cost convertible notes, buy Bitcoin, and rely on rising prices and a persistent equity premium to cover the remainder.
However, with Bitcoin sliding towards $70,000, which is significantly lower than the cost basis...
On Feb. 4, the XRP Ledger (XRPL) activated the highly anticipated Permissioned Domains with 91% validator approval.
At first glance, the approval appears contradictory, as it involves a public blockchain hosting “permissioned” zones.
However, a deeper look at the mechanics shows how the upgrade operates. Permissioned Domains introduces an on-ledger access-control object that enables other network...
Ethereum co-founder Vitalik Buterin has signaled a fundamental shift in the blockchain’s roadmap that declares the era of the “branded shard” effectively over.
On Feb. 3, Buterin argued that the industry’s previous “rollup-centric” vision no longer makes sense, citing faster scaling on the main Ethereum layer and the sluggish pace of decentralization among major rollups.
This philosophical...
Julio Moreno, head of research at CryptoQuant, recently declared that Bitcoin is in a bear market that could extend through the third quarter of 2026.
He's not alone. Matt Hougan at Bitwise and a growing chorus of institutional voices are using the “bear” label more freely than at any point since early 2023.
Yet the same analysts often hedge with structure: many institutions are holding or adding...
The White House's end-of-February deadline for banks and crypto firms to resolve the “stablecoin yield” debate exposes a structural fault line that was never going to stay buried.
This isn't a speed bump on the road to crypto-friendly regulation. Instead, it's a core collision that happens when digital dollars scale large enough to threaten the business model of deposit-taking itself.
According...
Hyperliquid has broken ranks with the broader digital asset market, posting a massive double-digit rally while Bitcoin and other major altcoins like XRP suffer from the bear market.
According to CryptoSlate's data, Hyperliquid's HYPE is one of the crypto market's top performers over the past two weeks, jumping roughly 71% to a high of $35, its highest price since last December.
This price...