Crypto News

Bitcoin (BTC), that golden calf of the digital age, and its lesser brethren, the altcoins, continued their downward spiral after the latest US NFP data. BTC, once the darling of the financial world, dropped below $67,000, while MYX Finance plummeted by over 18% in the last 24 hours. Other unfortunate souls, like Humanity Protocol, Decred, World Liberty Financial, and Binance Coin, followed suit. A massacre, you say? Nay, a mere correction in the grand scheme of human folly.

A delightful wave of buying swept through the crypto ETFs, propelling them into a rare synchronized state of euphoria, with every major category ending up in the verdant embrace of profitability. Bitcoin, the grand maestro of this financial symphony, once again led the charge, marking its third consecutive day of inflows and perhaps hinting at a return of momentum that even the most optimistic bulls would dare to dream about.

So, Levl-a company that’s all about digital assets and infrastructure (whatever that means)-just got a $7 million pat on the back from Galaxy Ventures and a few other bigwigs. Their mission? To make cross-border payments as smooth as a jazz solo, using stablecoins pegged to the US dollar. (Because nothing says “stability” like a coin that’s, well, stable.)

On this fine Wednesday morn, U.S. equities burst forth with exuberance, extending a risk-on streak that commands the attention of digital assets as well. The S&P 500 waltzes up by 49.73 points, or 0.72%, landing at a snug 6,991.54, while the Nasdaq Composite pirouettes with a gain of 205.39 points, or 0.89%, settling in at 23,307.86. Meanwhile, the Dow Jones adds a modest 252.14 points, or 0.5%, to amble along at 50,440.28. According to Gate’s market desk, this opening bid reflects a “broad-based strength across U.S. large caps,” with tech leading the way like a proud peacock.

Summary

Cash App, the popular mobile payment platform owned by Block Inc. and led by Bitcoin advocate Jack Dorsey, announced the complete removal of fees on Bitcoin purchases larger than $2,000.

In the latest episode of “As the Bitcoin Falls,” the digital currency has plummeted by 2.4% in the last 24 hours, now trading at a humble $66,900. Ether, not wanting to be left out, has also taken a hit, losing 2.7% and slipping back below the $2,000 mark. Meanwhile, the broader CoinDesk 20 (CD20) index has taken a 3.7% plunge, truly a spectacle for the ages.

In a most engaging manner, Mr. Pompliano presents his case, arguing that whilst the recent caprices of Bitcoin’s price may ignite spirited debates among the uninitiated, the data-ah, sweet data!-tells an altogether different tale.

Arkham Intelligence is preparing to shut down its crypto trading venue, Arkham Exchange, after less than a year of living demonstration, proving that the market can be cruel to upstarts lacking deep liquidity or a gleaming differentiator.

In the pale glare of market screens, where fortune’s shadows stretch like the fingers of a thief in the night, Thomas Lee stands as a peculiar preacher. He invites the room to view the sell-off not as ruin but as a doorway-an entryway into something that might, if one squints, resemble opportunity. He spoke in a hall called Consensus Hong Kong 2026, a place perfumed with coffee and nerves, and with the curious scent of risk that never truly leaves the air.