Author: admin

Biomedical and scientific companies are turning to blockchain technology and crypto treasury strategies to fund research, overhauling traditional capital formation and research funding structures that can delay life-saving cures by decades.Portage Biotech, a biomedical technology company, pivoted to become a Toncoin (TON) treasury company in September, earning operating revenues from staking to secure the network and investing in Telegram ecosystem projects, including games and mini-apps.The company will funnel some of the revenue generated from the operating business and the capital appreciation of TON to fund cancer research, AlphaTON CEO Brittany Kaiser told Cointelegraph.  Differences between traditional scientific research funding models…

Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month.  By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep fall from October’s $126,296 all-time high, according to Bitcoin Magazine Pro data. At the time of writing, the bitcoin price is at $94,850 but it bounced off of levels at $94,000. The drop caps off a chaotic week across global markets, where risk assets, from…

Exciting data from an on-chain analysis has recently surfaced, revealing accumulation patterns in Bitcoin and Ethereum on the Binance exchange that have historically preceded renewed bullish momentum. Binance Sees $1.77B BTC/ETH In Outflows As $1.58B In Stablecoins Enter In a QuickTake post on November 14, pseudonymous market analyst CryptoOnchain shares insights into the crypto market direction, based on Binance activity. This post revolves around the Binance 7-Day Asset Netflow By Network metric, which shows if more volumes of an asset on specific networks are being deposited into Binance (net inflow), or being withdrawn (net outflow) over the past seven days,…

HBAR is down almost 11% in the past week, and yesterday it finally broke below its neckline, completing the head and shoulders pattern we projected on November 13. Despite the breakdown, the last 24 hours have been surprisingly flat. And while the structure still points toward lower levels, early signs suggest that traders betting on deeper downside may be walking into a bear trap instead. Here is why.Sponsored SponsoredSelling Rises and Shorts Pile Up — But The Setup Isn’t That SimpleHBAR’s spot flows show a sharp shift in behaviour after the breakdown. On November 14, HBAR recorded –4.03 million in…

The Senate Agriculture Committee released its own discussion draft market structure bill, addressing digital commodities and how the Commodity Futures Trading Commission might oversee that sector of the crypto market.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeWe have a new draft crypto market structure bill! Are we any closer to seeing this bill pass through Congress? Sort of.Why it mattersThe Senate Agriculture Committee publishing a first draft bill text is a key step. The draft as released has a number of parts that…

The world’s richest man, Elon Musk, recently posted a picture of a Shiba Inu, Dogecoin’s mascot. However, the Dogecoin price failed to react positively to the post, as it has most times done in the past when Musk made similar posts.  Dogecoin Price Fails To React to Elon Musk’s Shiba Inu Post The Dogecoin price failed to surge on the back of Elon Musk’s X post, in which he posted a meme of a Shiba Inu playing a banjo. DOGE has in the past rallied on the back of such posts because the Japanese dog breed is the meme coin’s…

For the first time in the company’s history, Strategy’s market value has fallen below the net asset value of its Bitcoin holdings.This reversal means that the total value of the Bitcoin it owns is now less than the total debt the company took on to acquire it. Analysts worry that if bearish conditions continue, Strategy could enter into a death spiral.Sponsored SponsoredDebt Load Turns Into LiabilityBitcoin’s sharp decline today is being closely tied to mounting pressure on Strategy (formerly MicroStrategy), the largest corporate holder of the asset. Market sentiment shifted abruptly after Bitcoin broke below the $100,000 threshold, trading near $95,562…

While Bitcoin has painted a bearish picture this past week following its 8% decline and slip below $100,000, it seems like most altcoins will rely on external developments. This could prove to be both beneficial and detrimental to the tokens.BeInCrypto has analysed three such altcoins to watch this weekend that could witness a surge or a fall.Sponsored SponsoredArbitrum (ARB)ARB trades at $0.241 after a 21% drop in the past 24 hours, reflecting mounting pressure ahead of this weekend’s token unlock. Market sentiment remains fragile as uncertainty builds, raising concerns that additional supply could amplify volatility and limit any near-term recovery…

Cryptocurrency markets have extended their decline despite much-awaited political developments taking place in the US.On Wednesday, President Donald Trump signed a funding bill to end the record 43-day US government shutdown, after the bill passed through the Senate on Monday and was approved by the House of Representatives on Wednesday.The bill provides funding to the government until Jan. 30, 2026, and gives Democrats and Republicans more time to strike a deal on broader funding plans for the year ahead.  The end of the shutdown failed to lift demand among Bitcoin (BTC) exchange-traded fund (ETF) buyers. Spot BTC ETFs saw a brief…

Calling this the “easiest bear market ever,” Haseeb Qureshi reminded traders of the forgotten horrors of 2022. Bitcoin tumbled 7% in the past 24 hours, dropping to $96,000 during early Asian trading on Friday, leaving investors scrambling for explanations. But Dragonfly Managing Partner Haseeb Qureshi struck a confident tone. Crypto Downturn Overhyped? In a post on X, he argued that the current downturn is mild compared to the brutal conditions of 2022, while reminding investors of a period marked by cascading collapses, from Terra’s implosion to the failures of 3AC, FTX, Genesis, BlockFi, and even major NFT ecosystems. Qureshi noted…