LATEST: 📊 Grayscale says Bitcoin's next move hinges on two catalysts: progress on the CLARITY Act and whether leveraged traders add to selling pressure or let BTC stabilize.
Bitcoin has dropped -$5,500 to its 2-month low of $67,076 since Saylor sold 32 BTC.
$130 billion has been erased from crypto market and Over $1.25 BILLION liquidated in the last 24 hours.
The crazy part? There's no real negative news. All of this over Saylor selling just $2.5 MILLION worth of Bitcoin.
LATEST: ⚡ Tether has unveiled GELT, a stablecoin representing the Georgian lari, in partnership with Georgia’s government as it expands its push into jurisdiction-specific digital assets.
NEW: @krakenfx’s L2 chain Ink joins Chainlink Scale & upgrades to Data Feeds as the ecosystem’s oracle infra solution.
Through the Scale program, @inkonchain is providing a substantial capital commitment to give DeFi devs cost-efficient access to enterprise-grade oracles.
This is 100% true.
#Crypto will break down the entire financial system that has been build up.
However, if the financial system was great, innovative and robust by itself, #Crypto and #Bitcoin wouldn't even be necessary to be build up.
📰 This week: Coinbase deepened ties with Hyperliquid, Strategy’s STRC hit record volume, Kevin Warsh won confirmation as Fed chair, the CLARITY Act advanced in the Senate, and HYPE surged on Hyperliquid’s USDC transition.
Here's the Weekly Recap 🧵👇
OIL IS CRASHING🩸
Brent crude just dropped over 5% in hours after Iran sent a new proposal to the U.S. via Pakistani mediators.
Markets are now pricing de-escalation, not war.