Bitcoin dropped below $67,000 and ether under $2,000 as ETF outflows resumed and the dollar strengthened amid macro and geopolitical tension.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin has held up better than gold and silver during the Iran war, with signs of inflows and rising activity, JPMorgan analysts said.
Bitcoin is holding near $70,000 as analysts flag $72,000K as a key breakout zone and note a mix of macro pressures and tight liquidity.
MARA sold 15,133 bitcoin for $1.1 billion to repurchase $1 billion in convertible notes, cutting debt 30%.
Head of Research James Butterfill said some listed bitcoin miners could derive as much as 70% of revenue from AI by the end of 2026.
Mizuho maintained its outperform rating and kept a price target of $666 following news of Mastercard's BVNK acquisition.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle shares fell about 20% on Tuesday amid reports that draft provisions in the CLARITY Act could limit rewards.
Cipher is increasingly leaning on debt-backed, flexible financing rather than equity issuance as it scales out its AI infrastructure.
Head of Research Vetle Lunde said subdued derivatives activity and limited inflows point to a cautious market, but one forming a bottom.
The SEC and CFTC have issued crypto interpretive guidance, but the big question now is whether that clarity has staying power.
Circle’s sharp stock drop may be overdone, Bernstein says, arguing investors are misinterpreting stablecoin yield restrictions.
The board also approved a $1 billion share repurchase program in May 2024 and $500 million repurchase in April 2025.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The USDC stablecoin issuer faced headwinds on Tuesday amid developing stablecon legislation that could dent future revenue.
Hut 8 is trying to position itself less as a miner and more as an energy infrastructure player, with power allocation driving returns.
The company struck the financing deal with New York-based The Lind Partners, an institutional fund manager.
Bernstein said Strategy could see 226% upside if bitcoin has bottomed, with STRC central to its capital model.
Analysts flag a resistance zone above $72,000 as bitcoin holds key support amid geopolitical tensions and macro headwinds.
NovaBay's strategy centers on staking rewards, tying returns to Sky’s governance parameters and participation levels.
The price target cut reflects both weaker trading assumptions and a broader compression in exchange valuation multiples.
Bernstein analysts named Circle and Coinbase as top stablecoin proxies, citing USDC adoption and early agentic machine-payment opportunities.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The cost of mining bitcoin has climbed substantially over the past year, and miners are looking for steadier revenue streams.
Coinbase has introduced stock perpetual futures for eligible non-U.S. users, with selected ETF products also available.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
DDC is continuing to build its bitcoin position despite falling short of earlier, more aggressive accumulation targets.
The structure has Forward industries leaning on short-term, low-cost debt to amplify exposure to SOL per share.
Crypto hacks have become more uneven, with smaller typical losses but increasingly massive exploits that often kneecap projects.