Author: dogcrypto
In brief Benchmark analyst Mark Palmer raised MSTR’s price target to $705, based on a projection that Bitcoin will reach $225,000 by end of 2026. Strategy reported $10 billion in Q2 net income from unrealized Bitcoin gains on its $71 billion holdings, with the CEO targeting treasury growth to exceed Microsoft, Google, and Amazon. The company is shifting its funding strategy from convertible debt to preferred stock and only issuing equity when trading at a premium to asset value. Benchmark analyst Mark Palmer reiterated his buy rating for Bitcoin giant Strategy, raising the firm’s price target for MSTR to $705,…
Two decentralized science altcoins are wavering after gaining support from Coinbase, the top US-based crypto exchange platform by volume. In a new thread on the social media platform X, Coinbase announced the addition of two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its suite of crypto products. Following the announcements, the tokens both fell in price. “ResearchCoin [and] Bio Protocol [are] now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” BIO is trading for $0.0612 at time of writing,…
Spot Bitcoin exchange-traded funds (ETFs) saw $812.25 million in net outflows on Friday, marking the second-largest single-day loss in the history of these products.The drawdown erased a week of steady gains and pushed cumulative net inflows down to $54.18 billion. Total assets under management slid to $146.48 billion, representing 6.46% of Bitcoin’s (BTC) market capitalization, according to SoSoValue.Fidelity’s FBTC led the exodus with $331.42 million in redemptions, followed by ARK Invest’s ARKB, which saw a substantial pullback of $327.93 million. Grayscale’s GBTC also lost $66.79 million. BlackRock’s IBIT posted a relatively minor loss of $2.58 million.Trading volumes remained active, with…
Spot Bitcoin exchange-traded funds (ETFs) saw $812.25 million in net outflows on Friday, marking the second-largest single-day loss in the history of these products.The drawdown erased a week of steady gains and pushed cumulative net inflows down to $54.18 billion. Total assets under management slid to $146.48 billion, representing 6.46% of Bitcoin’s (BTC) market capitalization, according to SoSoValue.Fidelity’s FBTC led the exodus with $331.42 million in redemptions, followed by ARK Invest’s ARKB, which saw a substantial pullback of $327.93 million. Grayscale’s GBTC also lost $66.79 million. BlackRock’s IBIT posted a relatively minor loss of $2.58 million.Trading volumes remained active, with…
The Senator was speaking during the discussion of a recently introduced bill that would allow the President to appoint the Federal Reserve Inspector General. Cynthia Lummis Rips Federal Reserve Over Lack of Transparency Wyoming Senator Cynthia Lummis, also known as the “Crypto Queen,” delivered a blistering rebuke of the U.S. Federal Reserve on Friday, calling […]
The updated Cardano price prediction and Pi Network news continue to make headlines across the cryptocurrency space. With ADA being priced at $0.7614 and Pi coin being priced at $0.4160, investors are keeping their eyes closely glued on momentum shifts. But behind the headlines, a big presale called Remittix (RTX) is quietly making waves — and already some people have referred to it as the best project of 2025. Cardano Price Prediction: Still A Leader? Cardano is one of the most highly regarded Layer 1 blockchain platforms in the world of cryptocurrency. It has a market capitalization of $26.99 billion…
Crypto lobby group DeFi Education Fund has called on the US Senate Banking Committee to rethink how it plans to regulate the decentralized finance industry after reviewing its recently published discussion draft on a key crypto market-structure bill.The response, signed on behalf of DeFi Education Fund (DEF) members including a16z Crypto, Uniswap Labs, and Paradigm, said the Responsible Financial Innovation Act of 2025 (RFA) bill should be crafted in a more tech-neutral manner, that crypto developers should be protected from “inappropriate regulation meant for intermediaries,” and that self-custody rights for all Americans are “essential.” Legislation should “address illicit finance but not…
In brief Strategy’s co-founder Michael Saylor said the company could own 7% of the total Bitcoin supply in the future. The company now holds over 3% of the current supply, valued at $72 billion. Strategy first bought Bitcoin in 2020, kick-starting the now-popular crypto treasury model. Bitcoin treasury company Strategy’s co-founder Michael Saylor said on Friday that the Nasdaq-listed firm could end up holding upwards of 7% of the leading cryptocurrency’s total supply of 21 million coins. But Saylor, who pioneered the Strategy’s Bitcoin treasury plan, said that the company wouldn’t aim to buy all of the digital asset because he…
Tyler Winklevoss, the CEO of crypto exchange Gemini, is at the center of a rift over support of President Donald Trump’s nominee to run the obscure-but-highly-relevant regulatory agency, the Commodity Futures Trading Commission.He thinks former CFTC Commissioner Brian Quintenz is a bad choice, and he’s been talking with officials from the Trump administration about it, he told CoinDesk in an interview. That coincides with the White House slamming the brakes on a necessary step in Quintenz’s confirmation process in the Senate.The administration didn’t give the Senate Agriculture Committee a full explanation when it halted Quintenz’s committee vote this week that…
Key NotesSOL declined 16% from Monday’s $182 peak following disappointing US jobs data that added only 73,000 positions versus 110,000 expected.Solana generated $87 million network revenue in July, leading all blockchain networks for the tenth consecutive month ahead of Tron’s $61 million.Technical analysis shows $160 as critical support level with potential rebound to $182 if macro sentiment stabilizes and ETF optimism returns. Solana SOL $162.0 24h volatility: 6.6% Market cap: $86.87 B Vol. 24h: $8.58 B declined for a fifth straight session on Friday, closing the day 4% lower at $166.23. At the time of writing, SOL is trading at…
