Bitcoin’s price has shown signs of stabilizing after a rough stretch, but even setting aside where prices go in the near term, asset manager Grayscale says adoption of the cryptocurrency over the medium and long run remains largely unchanged.

The reason: continued, unsustainable growth in government debt as a factor that keeps inflation and currency-debasement risk elevated. 

That backdrop, Grayscale argues, could push a widening range of investors toward scarce assets and alternative stores of value — a category where Bitcoin, with its fixed supply, is increasingly well positioned as a candidate.

It added that the adoption of stablecoins and tokenization are set to make…

Read more on BitcoinMagazine

Goldman Sachs has agreed to acquire NEOS Investments in a deal worth up to $2.25 billion that will give the Wall Street giant another Bitcoin-related product for its portfolio, the banking giant announced Wednesday. 

The deal will be in cash and equity, contingent on performance and service milestones, and will bring the Neos Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI) under Goldman Sachs Asset Management. 

CEO David Solomon called NEOS’s approach “highly complementary” to Goldman’s existing buffer, managed-outcome and income capabilities. 

NEOS co-founders Garrett Paolella and Troy Cates, who will…

Read more on BitcoinMagazine

Bitcoin is sending two notable signals to the market this week: on-chain data suggests the cryptocurrency may be forming a macro bottom, while its price behavior is increasingly echoing gold’s role as a safe-haven asset.

That’s according to two reports from blockchain data firm CryptoQuant, whose analysts pointed to the early stages of a bottoming process for the biggest and oldest cryptocurrency. 

The price of the largest cryptocurrency recently stood at $63,362, mostly unmoved over a 24-hour period. Over the past week, Bitcoin is down nearly 2%. Since it notched a record of $126,080 in October, it has shed nearly 50% of its value. 

JUST IN: Bitcoin is now trading in…

Read more on BitcoinMagazine

The Office of the Comptroller of the Currency says it will keep pushing to revive de novo bank chartering, a campaign that has already opened a federal on-ramp for some of the largest companies in crypto.

In a statement Tuesday, the regulator said reinvigorating new bank formation remains a priority and commended the Federal Deposit Insurance Corporation for its own recent efforts on the issue.

“De novo chartering is a sign of a healthy banking system,” said Comptroller of the Currency Jonathan V. Gould, adding that the FDIC’s new process for reviewing deposit insurance applications aligns with the OCC’s work to reverse the decline in new charters.

JUST IN: 🇺🇸…

Read more on BitcoinMagazine

Bitcoin’s price dipped slightly before remaining mostly steady after data on Wednesday showed that U.S. inflation was subdued. 

The price of the largest cryptocurrency recently stood at $63,863, mostly unmoved over a 24-hour period. Over the past week, Bitcoin is also flat. 

The core consumer price index, which excludes often-volatile food and energy categories, rose 0.2% from a month earlier and increased 2.5% from a year earlier — the slowest pace since March 2021.

Energy and gas prices fell for a second month and grocery prices dropped for the first time since March, according to the print. 

The news takes the pressure off Federal Reserve Chairman Kevin Warsh to raise…

Read more on BitcoinMagazine

If you’ve scanned headlines over the last year, you’ve likely seen the prevailing market narrative: Bitcoin miners are abandoning their operations and pivoting to AI data centers, signaling a retreat from proof-of-work.

To casual observers, this looks like a surrender. Proof that Bitcoin was just a temporary placeholder until a “better” compute workload arrived.

However, if you look through the lens of power infrastructure and thermodynamics, that story gets the reality completely backwards. The migration isn’t a sign of bitcoin weakness; but a long-overdue, structurally bullish rebalancing of global energy pricing.

Here is the underlying reality that the market…

Read more on BitcoinMagazine

The long-awaited crypto Clarity Act has stalled and is due a September vote but regulators are ready to step in to advance crypto rules regardless, according to reports. 

Bloomberg reported Tuesday that the Securities and Exchange Commission was preparing to roll out this week initiatives to help the crypto industry. The regulator has said that it will hold an open meeting Friday “to create a tailored offering regime for certain investment contracts involving crypto assets.” 

And JD Supra reported Tuesday that Commodities and Futures Trading Commission Chairman Michael Selig was ready to proceed with “rulemaking whether or not the Clarity Act is enacted, with the…

Read more on BitcoinMagazine

Strategy’s U.S. dollar reserve has reached $4.65 billion, up from $3.75 billion two weeks earlier. It has also sold almost 7,000 BTC since late June 2026. 

Many are wondering why a company built around accumulating Bitcoin would choose to hold billions of dollars in fiat. More importantly, should other Bitcoin businesses do the same? 

Strategy holds cash because it’s in a very unique position 

Strategy increasingly operates as an issuer of Digital Credit: preferred securities backed economically by an enormous Bitcoin balance sheet. These instruments create fixed dollar dividends obligations.

Bitcoin produces no cash flow. Strategy’s software business produces far too little…

Read more on BitcoinMagazine

The Commodity Futures Trading Commission has sued a Florida crypto trading firm and its chief executive, alleging they ran a Ponzi scheme that took in at least $397 million from about 1,600 customers and spent it on fake payouts and personal luxuries.

The complaint, filed in the U.S. District Court for the Middle District of Florida, names Goliath Ventures Inc. and its CEO, Christopher Delgado, a Florida resident. 

According to the CFTC, Delgado and his company solicited money from the public for crypto asset trading, primarily in Bitcoin and other cryptos, then misappropriated all of it.

Rather than trading customer funds as promised, the agency alleges, the defendants…

Read more on BitcoinMagazine

Casa CEO Nick Neuman pointed to onchain data from the recent Coldcard firmware exploit as evidence that self-custody strengthens Bitcoin’s resilience as an asset class.

In an X post on Aug. 9, Neuman cited figures showing that in the days after the Coldcard hack, where approximately 2.1k BTC was stolen, 22k BTC moved to exchanges and 233k BTC left long-term holder wallets in on-chain transactions, according to data by Checkonchain. “The onchain metrics around the Coldcard incident reinforce how important self-custody is to the resilience of Bitcoin as an asset class,” Neuman wrote.

DATA BY CHECKONCHAIN

Galaxy Research has tracked confirmed losses from the Coldcard…

Read more on BitcoinMagazine