The post DeFi Holding up Unusually Well in Down Market: Bitwise appeared on BitcoinEthereumNews.com.
Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise. Bitcoin (BTC) fell about 22% in June, while Bitwise’s index tracking tokens from major DeFi protocols fell only 4% over the same period, Bitwise said in a report Thursday. “DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it,” it said. DeFi tokens have a reputation for being highly volatile during crypto market swings, as they’re the first to be sold by risk-averse traders. However, Bitwise said this is changing as traditional institutions have begun to use the protocols, which have stabilized the wider DeFi ecosystem. “We think DeFi is quietly re-rating,” Bitwise said. “Token economics are improving, the gap between usage
The post Bitdeer Invests $36 Million in First US Sealminer Factory as Bitcoin Mining Margins Stay Tight appeared on BitcoinEthereumNews.com.
Key Takeaways Bitdeer is building a $36M Nevada plant to produce 10,000 Sealminer units monthly by 2026. Sealminer efficiency targets weak mining margins as hashprice stays near historic lows. Bitdeer is expanding U.S. manufacturing and AI infrastructure to strengthen long-term growth. Bitdeer Targets 10,000 Monthly Sealminer Units With New $36 Million Nevada Factory Bitdeer is moving ahead with a major U.S. manufacturing push, breaking ground on a $36 million advanced electronics facility in Sparks, Nevada, even as bitcoin mining economics remain near historic lows. The 187,000-square-foot plant will be the company’s first domestic manufacturing and assembly site in the U.S. It is expected to be completed by the end of 2026 and is designed to produce 10,000 Sealminer units per month. Bitdeer said the project will create about 70 local jobs across
Bitdeer has begun construction on a $36 million electronics manufacturing facility in Sparks, Nevada, its first U.S. assembly site for Sealminer machines. Bitdeer Targets 10,000 Monthly Sealminer Units With New $36 Million Nevada Factory Bitdeer is moving ahead with a major U.S. manufacturing push, breaking ground on a $36 million advanced electronics facility in Sparks, […]
The post Bitcoin demand stays weak despite $1B USDT injection – Here is why! appeared on BitcoinEthereumNews.com.
Bitcoin is showing a textbook spot-versus-derivatives divergence. However, how this setup plays out depends on the broader macro environment. In a risk-on market, higher derivatives activity can support more upside. In a risk-off market, rising leverage increases the risk of a sharp correction. Recent U.S.-Iran uncertainty brought macro FUD back into the market. However, the Crypto Fear & Greed Index held above extreme fear. That resilience has revived the debate over whether BTC’s bear market could be nearing its end. History, however, tells a different story. As the chart shows, Bitcoin’s current bear market has lasted 248 days. By comparison, the 2022 bear market lasted 381 days, while the 2018 one lasted 385 days, suggesting the current cycle may still have further room to run. Source: CoinGecko Institutional positioning also supports that view. As the market flipped
Bitmine's ETH accumulation strategy could influence market dynamics and investor sentiment, echoing MicroStrategy's impact on Bitcoin.
The post Bitmine acquires 20,500 ETH for $36M from Galaxy Digital as it closes in on 5% of total supply appeared first on Crypto Briefing.
The post BTC, ETH price news: What next as bitcoin zips to nearly $64,000 appeared on BitcoinEthereumNews.com.
“Once liquidations begin to drive price action, the market can move faster than real demand would justify,” said Shawn Young, chief analyst at MEXC Research, who is watching how bitcoin trades inside the $60,000 to $63,000 band now that the first recovery is in. MSCI’s Asia Pacific equities gauge climbed 1.4% as investors moved back into semiconductor shares on renewed optimism over AI demand, cutting the week’s loss to under 1%. South Korea’s Kospi, a bellwether for AI investment, jumped 4%. SK Hynix was among the winners after pricing $26.5 billion of American depositary shares, one of the largest share sales of the year. Gains were further extended as yen strengthened 0.6% and long-dated Japanese government bond yields fell after Finance Minister Satsuki Katayama said the government wants pension funds to increase their holdings of domestic assets. Bloomberg’s dollar gauge
The post Wells Fargo Ramps Up Crypto Holdings, Adjusts Strategy in Turbulent Times appeared on BitcoinEthereumNews.com.
Wells Fargo recently unveiled a strategic realignment of its cryptocurrency-related investments, as indicated in its latest Securities and Exchange Commission filing. The financial titan amplified its stake in Strategy shares, which closely track Bitcoin due to its substantial reserves. Continue Reading:Wells Fargo Ramps Up Crypto Holdings, Adjusts Strategy in Turbulent Times Source: https://en.bitcoinhaber.net/wells-fargo-ramps-up-crypto-holdings-adjusts-strategy-in-turbulent-times
The post New Hampshire rejects $100M Bitcoin-backed bond proposal appeared on BitcoinEthereumNews.com.
New Hampshire’s Executive Council on July 8 cast a 3-2 vote to block a $100 million municipal bond that would have been secured by Bitcoin, ending a program promoted by Governor Kelly Ayotte and finance officials as the first initiative of its kind in the country. The vote halted the approach that the New Hampshire Business Finance Authority (BFA) spent months developing after the board approved a $100 million first issue last November. However, the deal had always required the approval of the Governor and the Executive Council. According to the Boston Globe, Councilor Karen Liot Hill made a motion to table the motion at the meeting on Wednesday, and since no one supported her, it went to a vote to decide what to do. Liot Hill, the only Democrat in the Council, joined the Republicans Janet Stevens and David Wheeler to vote against the proposal while Joseph Kenney and John Stephen vote
DeFi's resilience amid Bitcoin's decline signals a market shift towards revenue-generating protocols, attracting institutional interest and redefining risk.
The post Bitwise reports DeFi tokens outperform Bitcoin amid quiet re-rating appeared first on Crypto Briefing.
