Crypto Market Not Showing Signs Of ‘Major Capitulation,’ Says Economist

A significant crash for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden. “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation,” Alden said during a recent episode of the What Bitcoin Did podcast….

Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New Research

Grayscale is positioning Chainlink as critical infrastructure for the growing market of tokenized assets, according to a new research report. The asset manager’s research arm argues that Chainlink’s suite of services, spanning real-world data feeds, compliance tooling, and blockchain interoperability, solves many of the real-world frictions that block wider adoption of blockchain-based finance. Chainlink is…

Cardano Network Hit With a Temporary Chain Split, but ADA Barely Moves

The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but can cause code malfunctions that affect network functionality. This “malformed” transaction exploited an old code bug in the underlying software library used…

ARK Invest Adds Bullish, BitMine, Circle, Robinhood and Bitcoin ETFs

ARK Invest closed out the week with a fresh round of accumulation across several of its flagship funds, picking up positions in Circle, Bullish, BitMine, Robinhood and Bitcoin ETFs as crypto-related equities rebounded. The largest set of purchases targeted Bullish, with ARK Innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet…

Bitcoin, Interest Rate, and Mining News

Today in crypto: BlackRock’s clients aren’t factoring Bitcoin’s global payments potential into their investment thesis, Peter Schiff says OGs selling to ‘weak’ hands will make future downturns more sever. Meanwhile, a solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s. BlackRock’s Bitcoin clients aren’t ‘underwriting’ the case for…

Analysts Warn of Max Pain Levels

Key takeaways: A Bitwise analyst outlined the $84,000 to $73,000 region as the likely “max pain” capitulation range for Bitcoin. Cost-basis levels of BlackRock’s IBIT and Strategy’s BTC treasury could heavily influence liquidity flows. The worst-case scenario for BTC is a “fire-sale” level  Bitwise European head of research André Dragosch said Bitcoin’s “max pain” zone…

Cardano Network Hit With a Temporary Chain Split, but ADA Barely Moves

The Cardano network suffered a temporary chain split on Friday, due to a “malformed” delegation transaction, transactions to delegate ADA (ADA) to a staking pool, which are valid on the protocol level but can cause code malfunctions that affect network functionality. This “malformed” transaction exploited an old code bug in the underlying software library used…

Bitcoin, Interest Rate, and Mining News

Today in crypto: Peter Schiff says OGs selling to ‘weak’ hands will make future downturns more sever, a solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s. Meanwhile, Bitcoiners have expressed excitement over the surging odds of a US Federal Reserve rate cut in December. Bitcoin rotation to…

Coinbase Shifts Crypto to New Onchain Wallets in Planned Migration

Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known. The migration is not due to any cybersecurity breaches or external threats, according to an announcement from…

Coinbase Shifts Crypto to New Onchain Wallets in Planned Migration

Crypto exchange Coinbase initiated a large fund migration on Saturday, moving tokens to new internal wallets in a scheduled, routine security procedure to reduce long-term exposure of keeping funds in the same wallet addresses, which are publicly known. The migration is not due to any cybersecurity breaches or external threats, according to an announcement from…