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Bitcoin traders eye ‘huge’ US jobs data as BTC price risks $95K dip
Bitcoin traders eye ‘huge’ US jobs data as BTC price risks $95K dip

BTC price strength faces further risks as prediction markets see a giant beat on US January jobs.

Cointelegraph·2025/02/08 02:22
Engage now, or forever hold your peace
Engage now, or forever hold your peace

Speakers at yesterday’s Ondo Summit in Manhattan urged the industry to engage with regulators as crypto policy efforts unfold

Blockworks·2025/02/07 23:11
Wall Street eyes significant upside for Strategy's stock as reserves near 500,000 BTC
Wall Street eyes significant upside for Strategy's stock as reserves near 500,000 BTC

Strategy reported a Q4 net loss of $670.8 million, largely due to a $1 billion impairment on its bitcoin holdings, while increasing its BTC reserves to a record 471,107 BTC.With a recent accounting change allowing unrealized bitcoin gains to be recognized, analysts suggest MSTR could be on track for S&P 500 inclusion.

The Block·2025/02/07 19:00
Flash
  • 02:13
    Bitwise Research Director: The establishment of strategic Bitcoin reserves by the United States will encourage other countries to purchase Bitcoin
    In a message from ChainCatcher, Bitwise Research Director Ryan Rasmussen stated that the ultimate goal was never for the U.S. government to buy all Bitcoin. The implications of a strategic U.S. Bitcoin reserve are:   · Other countries will purchase Bitcoin;   · Wealth managers have no excuses;   · Financial institutions have no excuses;   · Pension/donation funds have no excuses;   · Concerns about selling Bitcoin to the U.S. disappear;   · The U.S. may buy more Bitcoins;   · The likelihood of states buying Bitcoin increases;   · The possibility of the government banning Bitcoin is zero.   This will change everything in the long run.
  • 02:11
    Movement will be launched on the public mainnet on March 10th, and it is expected that there will still be a wait for the mainnet token collection
    Odaily Planet Daily reports that Movement has released a video on X, seemingly hinting at the official launch of its public mainnet on March 10. Some users have asked on Discord whether this means they can claim airdrop tokens on the mainnet that day. Movement team member Craesol responded with "Later", suggesting there is still some waiting to do. Previously at the end of January, Movement had launched its developer's mainnet. Earlier this month, Rushi Manche, co-founder of Movement stated that the public mainnet has already been launched internally and will go live immediately after completing bridge security procedures.
  • 01:50
    Data: The U.S. government's public purse currently holds 198,109 BTC
    PANews reported on March 7th, according to Lookonchain monitoring, the US government's public wallet currently holds 198,109 BTC (worth $16.92 billion). Earlier today, Trump signed an executive order to establish a strategic Bitcoin reserve and will not sell any Bitcoins stored in the reserve. The US government has previously transferred about 222,684 BTC (valued at $3.28 billion at that time, now worth $19.42 billion) to exchanges and other unknown wallets at an average price of $14,736 per coin. Based on current prices, the US government lost approximately $16.14 billion due to selling BTC early.
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