March 5: Bitcoin holding at $70k!

March 5: Bitcoin holding at $70k!

Top Stories of the Day

  • Bitcoin’s Consolidation Phase: Bitcoin has retreated toward the $71,000 mark after failing to sustain its breakout above $74,000. While market conviction is currently thin, long-term allocators have reportedly been quietly adding to their positions during recent dips.
  • Link: Bitcoin pulls back to near $71,000
  • NYSE Owner Backs OKX: In a landmark deal, Intercontinental Exchange (ICE) has invested in the OKX exchange at a $25 billion valuation. The partnership plans to bring tokenized stocks and new derivatives to the market later this year.
  • Link: NYSE Parent Invests in OKX at $25B Valuation
  • Morgan Stanley Funds AI-Crypto Pivot: Bitcoin miner Core Scientific secured a massive $1 billion loan facility from Morgan Stanley to expand its data centers for high-performance computing and AI workloads.
  • Link: Core Scientific secures up to $1B credit from Morgan Stanley
  • Revolut’s Second U.S. Banking Push: Fintech giant Revolut has officially filed for a U.S. banking license for the second time, aiming for direct access to the Fedwire and ACH payment networks.
  • Link: UK Fintech Revolut Applies for US Banking License
  • The "Seized Crypto" Heist: Authorities in France have arrested the son of a U.S. government contractor, John Daghita, for allegedly stealing $46 million in crypto from seizure wallets managed by his father's company.
  • Link: Authorities nab suspect accused of stealing $46m in crypto
  • Federal Charter for Stablecoins: Infrastructure provider ZeroHash has applied to the OCC for a national trust bank charter to streamline its regulated stablecoin operations under a single federal framework.
  • Link: ZeroHash Applies to OCC for National Trust Bank Charter
  • Global Adoption Milestones: Cardano's ADA is now a payment option at 137 Spar supermarkets in Switzerland, while Kraken has secured limited master account access from the Kansas City Fed.
  • Link: Cardano's ADA Token Now Accepted at Spar Supermarkets


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July 31: The Next Bitcoin Crash Will Test Whether You Actually Believe

July 31: The Next Bitcoin Crash Will Test Whether You Actually Believe

Bitcoin remains stuck near $64,000, but Matt focuses on the harder question: what happens when the next crash comes with a believable reason that Bitcoin is actually broken? He considers a future quan...

31 Heinä 14min

July 30: Prediction Markets on  Robinhood

July 30: Prediction Markets on Robinhood

Robinhood generated more second-quarter revenue from prediction-market contracts than from either crypto or equities trading, showing how quickly event contracts are becoming a major business line. Bi...

30 Heinä 12min

July 29: Bitcoin Miners Are Becoming AI Companies

July 29: Bitcoin Miners Are Becoming AI Companies

Core Scientific is rapidly shifting from Bitcoin mining toward AI data-center infrastructure after reporting $164.2 million in second-quarter revenue and announcing a major AMD partnership. Matt argue...

29 Heinä 12min

July 28: Crypto Exchanges Are Shrinking

July 28: Crypto Exchanges Are Shrinking

Crypto markets remain sluggish, with Bitcoin drifting around $63,000 as trading activity continues to weaken. Matt argues that the recent wave of exchange closures and layoffs—including BitMEX, BitMar...

28 Heinä 10min

July 27: Bitcoin Stalls at $65,000 as the Market Turns Mixed

July 27: Bitcoin Stalls at $65,000 as the Market Turns Mixed

Craig sees a mixed and largely directionless crypto market, with Bitcoin repeatedly struggling to move decisively above $65,000. After roughly three weeks of minimal progress, the weekly chart raises ...

27 Heinä 7min

July 24: Miners, Treasuries, and Regulators Reshape the Market

July 24: Miners, Treasuries, and Regulators Reshape the Market

Bitcoin remains stuck near $64,000 as the broader crypto market struggles to find momentum. Matt covers Poolin’s Chapter 11 bankruptcy, Bitcoin treasury companies selling holdings to repay debt and fu...

24 Heinä 13min

July 23: Bitcoin Faces Macro Pressure as ETFs Keep Buying

July 23: Bitcoin Faces Macro Pressure as ETFs Keep Buying

Bitcoin remains caught between strong ETF demand and an increasingly difficult macroeconomic environment. Matt explains how rising Treasury yields, the possibility of additional Federal Reserve rate h...

23 Heinä 17min

July 21: Bitcoin ETFs Extend Their Inflow Streak

July 21: Bitcoin ETFs Extend Their Inflow Streak

Bitcoin moved back above $66,000 as U.S. spot Bitcoin ETFs recorded a fifth straight day of inflows, bringing roughly $727 million into the market over that stretch. The episode also covers renewed mo...

21 Heinä 16min

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