Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within the next two years.
Just another WordPress site
Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within the next two years.
The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds.
The CFTC ordered a trading ban for former Alameda and FTX executives, and US prosecutors opposed a motion from a US soldier accused of profiting from the removal of Nicolas Maduro.
Bitcoin volatility eased after BTC hit its highest level since mid-May, while gold joined the cryptocurrency in approaching three-month highs.
The RISE program would use the Canton Network to combine and distribute state-administered benefits across three US states beginning in 2027.
Bitcoin’s rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged.
Bitcoin rallied as Treasury bond buybacks fueled the “not-QE” trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet.
Solana reduced its slot time for the first time since genesis as it works toward a 200-millisecond target aimed at reducing network latency.
Nomura-backed Laser Digital Japan received registration to provide domestic liquidity before expanding into institutional crypto trading.
Binance’s employees were cleared and released after providing statements to UAE authorities about third-party fund flows through a company client account, a spokesperson told Cointelegraph.