For decades, physicists have promised that quantum computing would one day outrun classical machines. That day may have arrived. On Oct. 22, Google’s Willow quantum processor completed a task that supercomputers would need 150 years to finish by compressing centuries of calculation into two hours. Industry experts say the result, verified by Nature, isn’t only […]
The post Can Google’s 13,000× “quantum echoes” put Bitcoin’s keys on a clock? appeared first on CryptoSlate.
Stablecoins were used to move roughly $46 trillion over the past 12 months, according to new a16z crypto report. Beyond that, over $80 trillion has been processed in crypto trading volume across the same time period. Framed against payment “flows,” the stablecoin tally places on-chain dollars within low single-digit share of global settlement, and it […]
The post On-chain dollars hit 2.3% of global payments: Why Bitcoiners should care appeared first on CryptoSlate.
Some of Bitcoin’s biggest holders, popularly known as whales, are quietly moving billions of dollars’ worth of coins into spot exchange-traded funds (ETFs). On Oct. 21, Bloomberg reported that these whales executed roughly $3 billion in in-kind transfers through BlackRock’s iShares Bitcoin Trust (IBIT). Instead of selling, they handed their Bitcoin to the ETF in […]
The post How Bitcoin climbs to $140k next as ETF conversions drain BTC supply appeared first on CryptoSlate.
The National Hockey League (NHL) has reached licensing agreements with prediction market platforms Kalshi and Polymarket, making it the first major US professional sports league to permit the use of its trademarks by prediction markets, or “licensed betting markets.” As The Wall Street Journal reported on Oct. 22, the multiyear deals grant both platforms rights […]
The post Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting appeared first on CryptoSlate.
Bitcoin and gold have told two different stories so far in October, and neither matched what traders expected. For most of October, Bitcoin and gold looked like they were living in different markets. Gold climbed steadily, adding about 10% over the last month, while Bitcoin slipped roughly 6%. That divergence is interesting on its own, […]
The post Bitcoin vs. Gold: Does October’s near zero correlation shatter ‘digital gold’ myth? appeared first on CryptoSlate.
Bitcoin (BTC) forced the closure of $740 million in leveraged positions on Oct. 21 as the price swung from $110,552 to $114,019 before retreating toward $108,000, executing a classic short-squeeze followed by long liquidations that cleared excessive derivatives exposure. Data from Coinglass shows $435.63 million in long positions and $304.64 million in shorts eliminated during […]
The post $740M wiped out: Did Bitcoin just clear the leverage overhang? appeared first on CryptoSlate.
After four straight sessions of redemptions that pulled over $1.2 billion from spot Bitcoin ETFs, US issuers saw a sharp reversal on Oct. 21, bringing in $477.2 million in new inflows. It was the first positive print since Oct. 14 and the largest single-day net gain in two weeks. BlackRock’s IBIT led the recovery with […]
The post Bitcoin ETFs break 4-day, $1B outflow streak as BTC holds $108K appeared first on CryptoSlate.
Bitcoin is now more than just something people trade or hold as a store of value; it’s starting to pay interest. But there’s a catch: the coins earning those rewards can’t move for months or years. A growing number of holders are locking their BTC into time-based contracts that promise yield but also freeze supply. […]
The post Bitcoin now pays interest: How to earn money on your BTC while pumping the price appeared first on CryptoSlate.
Bitcoin’s weekend nosedive had traders muttering about a “dead cat,” but the market clearly missed the memo. After sliding to $106,189 on Sunday, BTC refused to stay buried. Monday’s tape was cautious, Tuesday started ugly, and then, out of nowhere, buyers charged in and dragged the price to $113,650 by nightfall: a 7% comeback in […]
The post Bitcoin bounces back after weekend slump defying expectations appeared first on CryptoSlate.
The internet is not dead, but it may be rotting. New research by scientists at the University of Texas at Austin, Texas A&M University, and Purdue University finds that large language models exposed to viral social media data begin to suffer measurable cognitive decay. The authors call it “LLM brain rot.” In practice, it looks […]
The post The Un-Dead Internet: AI catches irreversible ‘brain rot’ from social media appeared first on CryptoSlate.
OpenAI has set in motion a $300 billion hardware expansion that binds its chip suppliers, financiers, and energy providers into a single feedback loop. The company has locked in multi-year agreements with AMD and Broadcom to deliver tens of millions of AI accelerators between 2026 and 2029, deals that together represent roughly 16 gigawatts of […]
The post OpenAI builds $300B bubble machine: The feedback loop rewiring Wall Street finance appeared first on CryptoSlate.
Bitcoin set an all-time high near $126,000 in early October while the altcoin market (excluding stablecoins), measured by TradingView’s TOTAL2ES index, remains below its November 2021 top, around $1.6 trillion, keeping the cycle confirmation test open for rotation beyond BTC. TOTAL2ES continues to trade under that band into mid-October, which means altcoins have not printed […]
The post Altcoin season is cancelled this year: Alts fail to match last cycle $1.6 trillion ceiling appeared first on CryptoSlate.
Bitcoin and Ethereum staged a strong rebound this week as fresh capital returned to crypto markets following the US–China tariff shock. Bitcoin surged past $110,000 for the first time since early October, reaching roughly $111,000 as of press time, according to CryptoSlate data. The move marks a 4% daily gain and reverses some of the […]
The post Bitcoin surges above $110k, Ethereum rises over $4k amid renewed ‘buy the dip’ fervor appeared first on CryptoSlate.
The question came from veteran macro investor Dan Tapiero, one of the few old-guard financiers whose entire career has revolved around spotting inflection points. “What if hyperbitcoinization is really just about to start?” he asked on Sunday, just as gold went vertical and confidence in fiat money began to crack like thin ice. It’s a question […]
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When the annals of 21st-century finance are written, there will be a special chapter (messy, political, and deeply consequential) dedicated to the saga of “debanking.” For much of the last three years, anyone working in crypto, from lean web3 startups to regulated banks and exchanges like Custodia Bank or Kraken, knew very well what it […]
The post Debanked to rebanked? Redefining financial access in the age of executive orders appeared first on CryptoSlate.
Devin Finzer, co-founder and CEO of OpenSea, the largest non-fungible token (NFT) marketplace, announced on Friday that the platform is reinventing itself to “trade everything.” Founded in 2017, OpenSea is the largest NFT marketplace with a market share of over 55% at the time of writing, according to data from NFTScan. Its trading volume crossed […]
The post OpenSea is evolving to become a platform to ‘trade everything’; set to launch token in 2026 appeared first on CryptoSlate.
Grayscale, one of crypto’s largest institutional asset managers, published a research note on Oct. 10 calling Solana (SOL) “crypto’s financial bazaar.” This characterization goes well beyond the usual speed-and-throughput pitch. The report positions SOL as the category leader in users, transactions, and fees, arguing that its user experience, architectural moat via the Solana Virtual Machine, […]
The post Grayscale calls Solana ‘crypto’s financial bazaar’: Does the data back it up? appeared first on CryptoSlate.
For years, Bitcoin has been hailed as “digital gold,” a hedge against inflation and policy excess. Yet, as geopolitical tensions rise and trade disputes return to the headlines, the original store of value, gold, is stealing the spotlight. According to TradingView data, gold climbed to an all-time high of $4,376 per ounce on Oct. 17, […]
The post Why the price of gold is rising while Bitcoin is struggling appeared first on CryptoSlate.
JPMorgan attributes the recent Bitcoin (BTC) and Ethereum (ETH) sell-off to crypto-native leverage rather than institutional exits, noting that spot ETFs and CME futures absorbed minimal forced selling while perpetual futures markets faced sharp deleveraging across both assets. Bitcoin fell 13.1% from $122,316 on Oct. 3 to $106,329 by Oct. 17, while perpetual open interest […]
The post JPMorgan: crypto-native leverage drove sell-off; ETFs barely flinched appeared first on CryptoSlate.
JPMorgan attributes the recent Bitcoin (BTC) and Ethereum (ETH) sell-off to crypto-native leverage rather than institutional exits, noting that spot ETFs and CME futures absorbed minimal forced selling while perpetual futures markets faced sharp deleveraging across both assets. Bitcoin fell 13.1% from $122,316 on Oct. 3 to $106,329 by Oct. 17, while perpetual open interest […]
The post How crypto-native leverage drove Bitcoin sell-off while ETFs barely flinched appeared first on CryptoSlate.
Bitcoin extended its week-long decline, sliding to its lowest level since July as renewed US–China trade tensions and heavy fund outflows forced another wave of liquidations across crypto markets. According to CryptoSlate data, Bitcoin fell over 5% in the past 24 hours to as low as $103,300 after trading near $112,000 earlier in the week. […]
The post Why Bitcoin price just plummeted under $104k to lowest level since June appeared first on CryptoSlate.
No one has a crystal ball, but if Bitcoin continues to behave according to its past cycles, then we’ve most likely already reached the peak. Bitcoin printed an all-time high on Oct. 6, but it failed to extend the move as the post-halving clock approaches the peak zone seen in prior cycles. The 2024 halving […]
The post Time is up: The case for why Bitcoin bear market cycle started at $126k appeared first on CryptoSlate.
Elon Musk recently revived the “51 % renewables” benchmark, stating that the energy backing Bitcoin “can’t be faked.” The reference is to his earlier promise that Tesla would resume accepting Bitcoin payments once at least half of mining energy came from clean or low-carbon sources. However, now that the latest data suggests the network may […]
The post Elon Musk: ‘You can’t fake energy.’ Has Bitcoin finally gone green enough for Tesla? appeared first on CryptoSlate.
For a few surreal moments on Oct. 15, the Ethereum blockchain seemed to host the financial equivalent of a dream. Paxos, the issuer behind PayPal’s stablecoin PYUSD, accidentally minted $300 trillion worth of tokens, which is roughly 300 times the global GDP, before burning them just as fast. The minting, visible on Ethereum’s public ledger, […]
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The United States could still claim another $2 billion worth of Bitcoin linked to the defunct LuBian mining pool, despite already announcing the largest crypto seizure in its history. On October 15, blockchain investigator Sani reported that nearly 16,237 BTC, worth around $1.8 billion at current prices, remains in motion across addresses linked to LuBian. […]
The post Bitcoin mining pool’s ‘missing’ $2B BTC may soon form American 340k BTC reserve appeared first on CryptoSlate.
Ant Group is betting that the next leap in digital finance will not happen in a bank but on Ethereum. On Oct. 14, the Chinese fintech giant behind Alipay’s 1.4 billion-user payment network launched Jovay, a new Layer-2 (L2) blockchain built atop Ethereum to move real-world assets (RWAs) on-chain at institutional scale. What is Jovay? […]
The post Ethereum to onboard 1.4B new users as Chinese AliPay megacorp launches own L2 appeared first on CryptoSlate.
Bitcoin (BTC) miner MARA Holdings purchased 400 BTC for approximately $46 million on Oct. 13, capitalizing on the market collapse three days earlier while most miners remained defensive. The acquisition increases MARA’s Bitcoin treasury to 53,250 BTC, valued at over $6 billion at current prices, according to Bitcoin Treasuries data. The timing reveals a strategic […]
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At a London conference this week, Reform UK leader Nigel Farage cast himself as “your champion” for digital assets and sketched a platform that includes a flat 10% capital gains tax on crypto, creation of a roughly £5 billion state Bitcoin reserve anchored in seized coins, a halt to the Bank of England’s digital pound […]
The post Nigel Farage attempts to copy £5B Trump crypto script, without his levers or power appeared first on CryptoSlate.
Bitcoin’s weekend was a classic macro hit-and-run. On Friday, tariff threats toward China knifed through risk assets and shoved BTC through $110,000, with roughly $7 billion in crypto positions liquidated as leverage unwound into a thin tape. By Sunday night and into Monday, the tone softened as Trump posted a calming message about China, and […]
The post How BlackRock’s IBIT ETF is keeping Bitcoin above $100k appeared first on CryptoSlate.
The US government is moving to seize 127,271 Bitcoin worth about $14.2 billion, which investigators say was generated through a cross-border “pig butchering” scam operated by Chinese national Chen Zhi. If completed, the Bitcoin should be added to the U.S.’s Strategic Bitcoin Reserve according to the terms of Trump’s Executive Order issued earlier this year. […]
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