The investment from the stablecoin giant coincides with accelerating institutional interest and Wall Street participation in the crypto-backed loans sector.
In a recent Cointelegraph interview, Mark Yusko outlined the indicators pointing to a Bitcoin bear market and the forces shaping the road ahead.
Despite a $1 trillion crypto wipeout, a Coinbase executive said Bitcoin’s decline is structural and not bearish since few fundamentals have changed since its September price peak.
Bitcoin futures flip negative for the first time since March as internal flows surge and the market downturn deepens.
Bitcoin and Ether ETFs saw another day of heavy withdrawals, while Solana ETFs maintained an uninterrupted inflow streak since launch.
HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet.
On-chain data reveals the number of Bitcoin whales have been increasing since the start of October while the number of smaller wallets have reduced.
Bitwise’s Matt Hougan said a price bottom is coming soon and will present a “generational opportunity” and a “gift for long-term investors.”
LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank.
Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies.