Don’t panic: Bitcoin’s price action is ‘business as usual’

This is a segment from the Empire newsletter. To read full editions, subscribe.

Given the volatility we saw yesterday, I thought it might be a good time to do a mini temp check.

We saw bitcoin briefly drop below $90,000 on Monday, and this morning we’re back up over $96,000. 

The volatility seems like it’s here to stay, perhaps until Inauguration Day. ETH, shadowing bitcoin’s movements, also took a tumble before regaining momentum. 

And then there’s top AI agent coin AI16z, which is up 21% in the past 24 hours, having bounced after undergoing its own selloff. Ah, the diversity of crypto. There’s truly nothing like it. 

Bitcoin’s sudden drop didn’t…

Read more on Blockworks

Nostr Is The World’s Biggest Bitcoin Circular Economy: Join Us

Follow Frank on X.

While many of you may have heard of bitcoin circular economies like El Salvador’s Bitcoin Beach or South Africa’s Bitcoin Ekasi but haven’t been able to go and spend your sats in such a place, please know that in just a few clicks you can join the world’s biggest bitcoin circular economy: Nostr.

Yes, I know that a virtual bitcoin circular economy is different from a physical one, and I tip my hat to all those who are working to…

Read more on BitcoinMagazine

Fartcoin Soars 46% In A Day, Outperforms Dogecoin Shiba Inu To Enter $1 Billion Valuation Club

Fartcoin FARTCOIN/USD has emerged as the meme coin sector’s frontrunner, fueled by heightened social buzz, market activity and inflows into the meme coin.

What Happened:

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day TrendFartcoin FARTCOIN/USD $1.11 $1.1 billion +46% -9.7%Dogecoin DOGE/USD $0.3493$51.6 billion +10%-9.6% Shiba Inu SHIB/USD $0.00002141$12.6 billion+6.2% -10.2% 

A savvy trader, identified by Spot On Chain data, made a significant move by swapping 789,000 Dogwifhat WIF/USD for 1.04 million Fartcoin, valued at $1.15 million.

This same trader, who previously gained $2.71 million in profits from early investments in Popcat POPCAT/USD and WIF,…

Read more on Benzinga

Ethereum cope to counter worries that ETH is doomed

This is a segment from the Empire newsletter. To read full editions, subscribe.

You’ve probably heard by now that ETH is a cursed asset. Doomed. 

Maybe you’ve read tweets that say Ethereum is destined to go the way of Intel — a stock that has collapsed in value by two-thirds over the past five years while competitors (Nvidia and AMD) have thrived by comparison.

It’s a take that only works if you focus solely on price and ignore how much activity persists on Ethereum and its surrounding web of layer-2s and layer-3s.

Ether has only gained 30% in the past year while its direct rival, SOL, has about doubled.

Even XRP has easily beaten ETH over the bull market to…

Read more on Blockworks

The Top Five Digital Asset Staking Pillars Institutions Can’t Ignore

Digital Asset staking has a problem.

Major institutional players increasingly want to participate, but most of today’s staking providers aren’t regulatory or enterprise-friendly. The status quo is infrastructure pieced together by small, sometimes inexperienced teams on centralized Big Tech clouds that are not tuned for digital assets – nor engineered to meet the regulatory compliance standards that major players like BlackRock demand. The traditional financial world has long-established standards for robust risk management strategies crucial to fulfilling institutional needs, and their service providers in the decentralized financial world must meet these requirements.

And…

Read more on Blockworks