News Category: Crypto
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BTC has now surged 38% following its June plunge as shifting U.S. Treasury policy helped bring buyers back to crypto, rejuvenating ETF demand.
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BTC is up more than 25% on the week after Treasury’s bond-buyback expansion sparked a rally, while Solana led majors Tuesday as validators vote on proposals to slow new SOL creation and raise daily burns.
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Traders are spending millions to position for further Bitcoin upside after its staggering rally to $80,000, though demand for downside protection remains firm, according to Laevitas.
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Robinhood Chain-based Cash Cat jumped more than 50% in a day, while several smaller animal-themed tokens have gained between 50% and 130% over the past week.
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The Ethereum-compatible blockchain wants users to be able to replace the keys controlling an account without changing its address, opening the door to passkeys, recovery tools and post-quantum security.
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Spot bitcoin funds took in $337.56 million on Aug. 24, extending an unbroken run of inflows that has now put real money behind a rally that started with a short squeeze.
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Tokenized U.S. treasury and money market funds are one of the fastest-growing segments in the digital asset markets, growing fifteenfold in two years.
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Treasury says Ivan Obukhov processed over $100 million in crypto for IRGC-QF oil sales since 2023.
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Monday’s $33.5 million was the largest single-day inflow since December, pushing cumulative net inflows to a record $1.22 billion and trading volume to $166.8 million.
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Bitcoin crossed $80,000 for the first time since May, extending its seven-day advance to roughly 25%.