Author: Kryptonews
ARK Invest’s latest analysis affirms it still sees Bitcoin reaching close to a $1 million price tag in 2030 on growing adoption.Cathie Wood’s ARK Invest predicts digital assets could grow into a $28 trillion market by 2030, with growth primarily linked to increasing Bitcoin adoption and its potential price appreciation.ARK estimated in its “Big Ideas 2026” report on Wednesday that the crypto market would expand at a 61% compound annual growth rate (CAGR) to meet the $28 trillion target by 2030, adding that Bitcoin could account for 70% of that figure. Source: CointelegraphGiven that about 20.5 million Bitcoin (BTC) are…
Crypto traders using leverage to bet on Bitcoin’s price trajectory are getting whiplash. In the last 24 hours, $655 million in leveraged crypto bets have been liquidated, according to the market data tracker CoinGlass. The liquidations coincided with rapid updates on President Trump’s push to acquire Greenland and impose new tariffs on EU countries that failed to go along with his plan. The day began with Bitcoin rising from $88,224 to $90,295, a move that liquidated more than $75 million in shorts. BTC then abruptly reversed back down to $87,304, liquidating around $145 million in longs. That’s when President Trump decided…
The Southbank Centre has named Sally Tallant the new director of the Hayward Gallery, a role she will begin in July. She is replacing the Hayward’s longtime director Ralph Rugoff, who recently announced his resignation after 20 years at the helm. As part of her new position, Tallant will also oversee visual art installations at other institutions that make up the Southbank Centre, a cultural hub along the Thames River in London. In additional to the Hayward Gallery, which focuses on contemporary art, Southbank also includes three performance spaces and the National Poetry Library. Related Articles Mark Ball, the Southbank…
US stocks and the crypto market showed signs of life on Wednesday after US President Donald Trump stood down on tariffs tied to his efforts to claim Greenland.The S&P 500 closed the trading day up 1.16% on Wednesday, hours after Trump said on Truth Social that he had held a “very productive meeting” with NATO Secretary General Mark Rutte and would not be moving forward with tariffs scheduled for Feb. 1. The tariffs had targeted eight European countries, including Denmark, Norway, Sweden, the United Kingdom, France, Germany, the Netherlands and Finland.“We have formed the framework of a future deal with respect…
The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.Crypto market structure legislation could be delayed by several weeks as the Senate Banking Committee is shifting focus to US President Donald Trump’s affordability agenda, according to a report from Bloomberg, citing people familiar with the matter.On Tuesday, Trump signed an executive order barring Wall Street investors from buying single-family homes. The move was seen as part of the Trump administration’s attempt to push down costs before the US midterm election in November. Bloomberg reported on…
Key takeaway:ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence.ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900 support on Wednesday for the first time in four weeks. The movement followed a sharp decline across the cryptocurrency market as traders turned risk-averse amid a worsening socio-economic environment.ETH reclaimed the $3,000 level after US President Donald Trump called off import tariff hikes on various European Union countries. However, traders fear further downside after $480 million in bullish leveraged positions…
Key takeaway:ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence.ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900 support on Wednesday for the first time in four weeks. The movement followed a sharp decline across the cryptocurrency market as traders turned risk-averse amid a worsening socio-economic environment.ETH reclaimed the $3,000 level after US President Donald Trump called off import tariff hikes on various European Union countries. However, traders fear further downside after $480 million in bullish leveraged positions…
A Frank Lloyd Wright house in dire need of restoration has been reported to be up for sale with an asking price of $350,000, after the property was supposedly put on the market by the Federal National Mortgage Associate—best known as Fannie Mae—as part of a court-ordered sale following foreclosure in December. As reported by the Chicago Sun-Times, “The development potentially represents the best shot in more than a generation to revive the landmark two-story stucco home at 42 N. Central Ave.—provided the asking price, restoration costs of at least $2 million and a recent appraisal that valued the house…
Circle said digital financial infrastructure, including stablecoins, can save 20% of the cost of delivering humanitarian aid.Stablecoin issuer Circle has issued a grant to support the rollout of digital financial infrastructure across the United Nations, with the aim of making humanitarian aid payments more efficient.Announced at the World Economic Forum conference in Davos, Switzerland, on Wednesday, the Circle Foundation said its first international grant would support the UN’s Digital Hub of Treasury Solutions (DHoTS) “efforts to streamline monetary value transfers across the UN ecosystem.”The grant builds on Circle’s first collaboration with UNHCR and DHoTS in 2022, which facilitated USDC (USDC)…
Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.Bitcoin’s (BTC) relative performance against gold has weakened sharply, but several analysts argue that this setup remains a long-term investment opportunity for BTC. Key takeaways:The Bitcoin-to-gold ratio fell to 18.5 ounces per BTC, its lowest since November 2023.Analysts say these rare “asymmetric setups” often precede capital rotations back into Bitcoin. BTC/Gold one-day chart. Source: Cointelegraph/TradingViewThe Bitcoin-to-gold ratio measures how many ounces of gold are required to buy one Bitcoin. The ratio slid to about 18.5 on Wednesday, dropping to its…
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