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Adam Forsyth

Bitget adds daily Bitcoin rewards to BGBTC

Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet. Summary BGBTC holders will receive daily rewards denominated in Bitcoin following the upgrade. Chainlink CCIP will serve as BGBTC’s canonical cross-chain infrastructure. Gauntlet will independently oversee the asset’s underlying yield strategies. BGBTC remains backed…

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Buys ETH High, Sells It Low

On-chain data suggested that he just incurred a 5.3% loss on his latest ETH endeavor. One of the most recognizable and well-known figures in the cryptocurrency space has displayed a somewhat controversial approach to his Ethereum investments over the past few months. The most recent data shared by Lookonchain doubled down on his sporadic…

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Bitcoin braces for August slump as AI stocks falter

Bitcoin price fell below $63,000 on Friday as a short-lived rebound in Asian semiconductor stocks faded, adding pressure as the cryptocurrency entered its historically weak August trading period. Summary Bitcoin price dropped 3% in 24 hours, extending its weekly loss to about 2%. Samsung and SK Hynix surrendered momentum after surging roughly 25% on Thursday….

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