For the first time in six years, the bitcoin BTC$67,429.89 hashrate, the total computational power securing the network, fell during the first quarter. It is currently down around 4% year to date, hovering around 1 zettahash per second (ZH/s). Over the past five years, the rate has surged from roughly 100 exahashes per second (EH/s),…
Zcash (ZEC) is a wager that the rise of AI surveillance will make financial privacy more valuable, and the crypto market is underpricing that possibility, according to asset manager Grayscale. “Zcash is nearly 10 years old but may be entering a new chapter. Use of its shielding technology is increasing, and new capital is entering…
Lido DAO proposed spending up to 10,000 stETH to buy its own governance token at what it calls a historically depressed valuation. That works out to roughly $20 million at current ether prices near $2,000. The problem is where to spend it. Onchain LDO liquidity sits at about $90,000 of depth at plus-or-minus 2%, according…
Prospects of interest rate rises are no longer just the U.S. story. Traders are now betting the Bank of Japan (BoJ) could tighten too as the resource-scarce nation faces inflation risks from the ongoing Iran war. Traders see a roughly 69% chance of the BoJ raising its benchmark borrowing cost at the April 28 meeting,…
More than half of cryptocurrency investors don’t understand the fundamental concept of taxability when it comes to their digital asset holdings, according to a survey by the U.S.-listed crypto exchange Coinbase (COIN) and Cointracker, a crypto tax and portfolio tracking platform. The 2026 Crypto Tax Readiness Report found that only 49% correctly understand that crypto…
A trader pulled off a nearly 100x return on decentralized betting platform Polymarket in less than a minute, thanks to a blunder by a UFC announcer. In Sunday’s UFC heavyweight bout, Tyrell Fortune beat Marcin Tybura to secure his first UFC victory. But the event was not without drama. Cage announcer Bruce Buffer initially read…
The final week of March is shaping up to be a volatile one, with the FTX Recovery Trust set to distribute $2.2 billion to creditors on Tuesday and the key U.S. monthly nonfarm payrolls statistic due Friday, when many equity markets worldwide will be closed for Good Friday. The war in the Middle East, now…
The bitcoin BTC$67,264.05 market has been stuck in a rut for over a month, and investors chasing yields may be partly to blame. Since mid-February, BTC has traded in a range centred on $70,000. Some observers say counteracting forces have been at play. The Iran war-led haven demand has been supporting BTC around $65,000, while…
The war just got bigger. Bitcoin briefly got smaller. Bitcoin dipped to $65,112 early Monday morning, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened. The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on overnight escalation headlines and found buyers near $65,000, a level…
A “180” hardly does justice to the recent shift in market expectations regarding central bank monetary policy. Expecting multiple Federal Reserve rate cuts in 2026 just weeks ago, markets have seriously begun to price in rate hikes this year. Current pricing on CME FedWatch Tool shows nearly a 30% chance that the fed funds rate…