Cardano is planning a significant shift in its treasury management by converting part of its $1.2 billion reserves into Bitcoin. The strategy, outlined by founder Charles Hoskinson, involves using the yield generated from holding Bitcoin to buy back ADA tokens. This approach aims to create a feedback loop that gradually reduces ADA’s circulating supply and supports its price, potentially acquiring over 11,000 BTC and using any gains to purchase millions of ADA if Bitcoin’s pr

Optimism (OP) recently experienced a 26% surge in daily active addresses and a 7% increase in transactions, signaling a short-term spike in user engagement. However, despite this uptick, the total number of active addresses has dropped significantly over time, and transactions have merely held steady above 900,000. This suggests that while there is concentrated activity among a smaller group of users, it remains unclear whether this marks a lasting trend reversal or just temp

Bitcoin has recently reclaimed the$106,000 level after a 2% market gain, sparking optimism among investors about the possibility of a new all-time high (ATH).

Bitcoin’s market sentiment is starting to show cautious optimism. One indicator used to assess overall sentiment, the Bitcoin Combined Market Index (BCMI), has recently moved higher in its short-term trend, signaling that some traders are regaining confidence.

Despite Bitcoin maintaining a steady price above $108,000, crypto mining stocks have experienced significant declines.This downturn is attributed to investor concerns following the Federal Reserve's May meeting.

In the fourth quarter of 2024, Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, significantly increased its exposure to Bitcoin by acquiring over 8.2 million shares of BlackRock's iShares Bitcoin Trust (IBIT), valued at approximately $437 million.

Bitcoin's recent struggle to surpass the $105,000 mark reflects a complex interplay between macroeconomic factors and evolving investor sentiment.

Bitcoin is once again approaching the highly anticipated $100,000 mark, currently trading around $98,215.61.

XRP's ascent in South Korea, surpassing Bitcoin on Upbit, reflects growing investor favor, boosted by legal wins and utility.