Michael Burry, known for predicting the subprime mortgage crisis in 2008, sold a major portion of his holdings during Q1 to focus on a single cosmetics stock: Estée Lauder. Analysts believe Burry expects a recession, based on the notion that makeup purchases tend to increase during economic downturns as consumers’ spending habits shift. Michael Burry…
Last week, while bitcoin ranged in place, Ethereum soared, Coinbase announced great and terrible news, and a Chinese firm released BTC acquisition plans. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin Ranged as the Rest of…
Breez has announced a new implementation of its software development kit (SDK) built on Spark, a bitcoin-native Layer 2 infrastructure. This collaboration aims to simplify the integration of self-custodial Lightning payments into everyday applications and services. Key details The new Breez SDK implementation is built on Spark’s bitcoin-native Layer 2 infrastructure. It includes bindings for…
Bitcoin Layer 2 blockchain solution Stacks announced on May 24 the resumption of block production after resolving issues related to “misbehavior stemming from the stacks-node’s mempool syncing logic.” Stacks Warns of ‘Occasional Degradation’ in Block Production On May 24, the Bitcoin Layer 2 blockchain solution Stacks announced the resumption of block production after it addressed…
Crypto platform and web3 company Bitget announced that its non-custodial crypto wallet, Bitget Wallet, is undergoing a major rebrand. The firm also unveiled a $1 million global campaign as part of its mission to bring cryptocurrency into everyday use. Bitget Wallet Rebrand Bitget Wallet introduced a new visual identity and a redesigned interface aimed at…
Current metrics place the total value locked into decentralized finance (DeFi) at approximately $117.856 billion. Ethereum, once commanding more than 56% of that figure at the close of 2024, has since dipped to 51.24% in May, marking a notable decline in its share. Battle for DeFi Dominance Heats up: Ethereum Slides, Solana and Bitcoin Advance…
SuperAI Singapore AI Week will bring over 100 artificial intelligence events to the city-state from June 16 to 22. The lineup includes a $50,000 hackathon, a $200,000 startup competition, and a creator showcase powered by AMD. Key details Over 100 events across 10 themed Community Hubs SuperAI Conference set for June 18-19 at Marina Bay…
Bitcoin’s explosive path to $500,000 just gained serious momentum as sovereign funds and heavyweight institutions pile in, validating Standard Chartered’s ultra-bullish thesis with real capital. Standard Chartered Doubles Down on $500K Bitcoin Forecast Amid Sovereign Buying Surge Standard Chartered Bank reiterated its long-term bitcoin outlook this week, maintaining its ambitious forecast that the cryptocurrency will…
Ripple’s CEO breaks it down: crypto ETFs are revolutionizing access for institutional investors and delivering long-sought legitimacy, catapulting digital assets into mainstream financial dominance. Ripple Unpacks Crypto ETF Surge—Access and Legitimacy Just Changed Everything Ripple CEO Brad Garlinghouse took the spotlight on Friday in a special episode of Ripple’s “Crypto In One Minute” to address…
Bitcoin ended the week 5% higher after U.S. President Donald Trump’s tariff threat against the European Union caused market volatility. EU Tariff Threat Rattles Markets After kicking off what turned out to be another milestone-setting week, bitcoin ( BTC) ultimately ended the week only 5% higher after U.S. President Donald Trump’s tariff threat against the…
