Bitcoin News

Bitcoin News

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Michael Saylor Urges Middle East to Become the 'Switzerland of Bitcoin Banking'

The executive chairman of Strategy pitched BTC-backed banking and yield products as a $200 trillion opportunity at the Bitcoin MENA conference.

Michael Saylor, Executive Chairman of Strategy (MSTR)

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Bitcoin Surges to $94K One Day Ahead of Expected Fed Rate Cut

The change from what's become typical bearish U.S. session action could signal seller exhaustion.

CoinDesk

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Bitcoin Treasury Company Twenty One Drops 25% in NYSE Debut, Trades Near PIPE Pricing of $10

The company is led by Strike CEO Jack Mallers and began trading under the XXI ticker today following its SPAC merger with Cantor Equity Partners.

Jack Mallers in an interview with CoinDesk when he was CEO at Twenty One Capital

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Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast

Bowing to what he called a "cold breeze," but not a "crypto winter," Geoff Kendrick slashed his year-end outlook for BTC to $100,000 and doesn't expect $500,000 until 2030 versus 2028 previously.

Bitcoin Logo (Midjourney/modified by CoinDesk)

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IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul

The bitcoin miner extended maturities, reduced coupon costs and strengthened its capital structure.

IREN (TradingView)

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SGX's Crypto Futures Draw New Liquidity, Not Diverted Cash, Exchange's President Says

Institutions are pursuing cash-and-carry arbitrage, not outright bullish plays, Syn said.

The letters SGX, the exchanges logo, standing on a wall.

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Saylor Says Strategy Will Not Issue Preferred Equity in Japan, Giving Metaplanet a 12 Month Head Start

MSTR executive chairman shuts down idea of near term expansion of perpetual preferreds in Japan.

Aerial view of Tokyo (Jaison Lin/Unsplash, modified by CoinDesk)

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Bitcoin Traders Target $20K Bitcoin Strike as Deep Out of the Money Options Gain Traction

These flows represent a bullish bet on volatility rather than a downside hedge or outright bearish position.

CoinDesk

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Asia Morning Briefing: BTC Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In

QCP notes participation has collapsed while Polymarket sees a shallow easing path, putting the focus on guidance and cross central bank signals.

Federal Reserve Chair Jerome Powell

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Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks

BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.

Bitcoin (BTC) price on December 8 (CoinDesk)