Bitcoin’s ‘OG’ investors have slowed selling in a bullish sign for the market

Analysts track this using a metric called spent transaction outputs (STXO), which, in simple terms, tracks the movement of BTC on the blockchain. An OG moving coins after holding them for half a decade is almost always a sign of impending liquidation or profit-taking. During the peak of the bullish cycle, single-day sell-offs sometimes exceeded…

Bitcoin Looks Shaky Amid SpaceX Rout: Will BTC Price Hold Above $60K for Much Longer?

Bitcoin (BTC) has dropped over 8% from its June high near $67,255, putting the $60,000 support level back in focus. BTC/USD daily chart. Source: TradingView Key takeaways: The SpaceX-led tech market rout is pushing Bitcoin price toward the $60,000 support. A decisive breakdown below $60,000 may lead the price toward $56,000 or under. SpaceX Rout…

StarkWare Launches Zero-Knowledge KYC Demo on Starknet

Zero-knowledge scaling company StarkWare has introduced Private KYC on Starknet, enabling users to complete know-your-customer requirements without revealing their full personal information.  The system, announced Tuesday as a demo, uses STRK20 privacy features and zero-knowledge STARK proofs to let users prove specific attributes, such as being older than 18 or holding valid credentials, without revealing…

Ethereum’s Staking Tax May Already Be Obsolete Due To EthLabs

Ethereum is running out of money, according to former insiders. The warning has sparked one of the fiercest Ethereum governance debates in months: should the network fund developers by taxing staking rewards, or just rely on wealthy Ether holders to bankroll its ecosystem? At the center of the debate is a controversial proposal from Kleros…

What Andy Burnham Means for Crypto in the UK

Amid waning poll numbers and pressure from inside the Labour Party, Prime Minister Keir Starmer has stepped down.  During Starmer’s tenure, the government introduced a moratorium on cryptocurrency donations to political campaigns, citing concerns that crypto could become a vector for foreign influence in UK elections. Beyond the ban, the UK has charted a cautious…

OG Bitcoin Selling Falls To 19-Month Low As New Bottom Signal Arises

Bitcoin (BTC) holders who acquired their coins more than five years ago have cut spending to a 90-day average of 962 BTC, the lowest level since November 2024, according to CryptoQuant data. The slowdown follows three major spending peaks over the past two years, including a high of 3,860 BTC in May 2024.  At the…

Ethereum Foundation Lays off 54 Employees as Buterin Reveals 40% Budget Cut

The Ethereum Foundation (EF) has laid off 54 employees, roughly 20% of its workforce, as part of a major organizational restructuring. According to a blog post published Tuesday, the EF will reorganize around five specialized clusters covering protocol, access, user, community and institutional work. The Foundation said the changes are intended to concentrate resources on…

Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT

Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke with the New York Times. The product would allow users to make forecasts about future events, ranging from politics and sports to entertainment and world affairs….

Crypto isn’t the Problem with the US Economy, Says Senator

Cody Carbone, CEO of the cryptocurrency advocacy group The Digital Chamber, received a largely muted response to his testimony at a Senate Banking Committee hearing on affordability. In a Tuesday hearing titled The Affordability Agenda, Carbone said that the digital asset industry could help solve affordability problems in the United States, including through faster and…

Bitcoin Bulls Fight to Avoid New Lows as Stocks Stay Volatile

Bitcoin (BTC) stayed uncertain at Tuesday’s Wall Street open as US stocks responded to an earlier Asia tech sell-off. Key points: Bitcoin bulls attempt to avoid a deeper drop below local lows amid risk-asset volatility. Multiple factors are blamed for the current weakness and stocks reset, with Micron earnings due on Wednesday. Rolling crypto liquidations…