Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
A new ICE-OKX joint venture creates a regulated bridge between traditional finance and crypto, giving OKX's 120 million users access to ICE futures markets and NYSE tokenized equities.
Bitcoin price climbed above $65,000 as easing ETF outflows and a U.S.-Iran peace deal provided support, while a hawkish Fed under Chair Kevin Warsh and rising rate-hike expectations continued to pressure risk assets.
Strive purchased 759 BTC for roughly $50 million last week, boosting its holdings to 19,864 BTC and outpacing Strategy's 520 BTC purchase as it accelerates its bitcoin accumulation strategy.
Strategy purchased 520 bitcoin for $35 million last week, increasing its holdings to 847,363 BTC while raising its USD Reserve by $335 million to $1.4 billion.
JPMorgan says Bitcoin mining economics have deteriorated as BTC trades about 19% below its estimated $78,000 production cost, forcing public miners into record coin sales and rendering roughly 20% of the industry unprofitable.
Franklin Templeton filed for two new ETFs that automatically reinvest stock dividends into Bitcoin exposure, blending traditional equity investing with a built-in Bitcoin accumulation strategy.
The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins.