Crypto hedge fund Asymmetric Financial is pivoting away from liquid trading strategies following sharp underperformance and public backlash from investors. In a post shared on X Wednesday, CEO Joe McCann acknowledged that the fund’s current approach “is no longer serving our LPs” and confirmed that Asymmetric will begin transitioning capital away from liquid trading into […]
Bitcoin, Stocks And Altcoins Move Toward New Houses
Key points: Bitcoin is facing selling near $120,000, but the bears have failed to pull the price below $115,000, indicating that buyers remain in command. Select major altcoins continue to charge higher, signaling the arrival of an altseason Bitcoin (BTC) continues to face selling near $120,000, but a positive sign is that the bulls have […]
Polymarket Set to Reenter US After $112M Acquisition of QCEX
Online betting platform Polymarket said it acquired QCEX, US-licensed derivatives exchange and clearinghouse for $112 million, paving the way for the company’s return to the United States after a hiatus of more than two years. According to its website, QCEX is based in Boca Raton, Florida, with both entities, the derivatives exchange and the clearinghouse, […]
A Better Alternative to Traditional Accreditation
Artificial intelligence and blockchain are disrupting legacy education systems by expanding access to education through alternative credentialing systems and AI-powered content. John von Seggern, an online educator and founder of the Futureproof Music School, an online school that teaches students electronic music production, currently uses an AI assistant to help structure and supplement courses for […]
Macroeconomic Factors Will Disrupt BTC Four-Year Cycle
Macroeconomic drivers, including the decline of the US dollar (USD), will dampen the effects of the Bitcoin (BTC) halving cycle, which is the source of the market booms and busts that have been a feature of BTC since 2009, according to investor and founding partner of venture capital (VC) firm Draper Associates, Tim Draper. “Between […]
Why Bitcoin self-custody is declining in the ETF era
Bitcoin exchange-traded funds (ETFs) and other institutional Bitcoin products may be reshaping a core crypto ethos rooted in Satoshi Nakamoto’s original vision. According to onchain data, Bitcoin self-custody has been steadily declining since January 2024 — the same month Bitcoin spot ETFs were approved. After nearly 15 years of growth, the creation of new Bitcoin […]
US Prosecutors Expect To Close Case Against Roman Storm By July 25
US Attorneys in New York’s Southern District continued presenting their case against Tornado Cash co-founder and developer Roman Storm, expected to last about a month. According to reporting from Inner City Press inside the courtroom on Thursday, Assistant US Attorney Thane Rehn said the prosecution expected to close its case against Storm by the end […]
Bitcoin Shows Bearish Pattern But Bulls Step In Under $120K
Key takeaways: Bitcoin formed a bearish engulfing candle, indicating potential short-term exhaustion. The Miners’ Position Index surged to its highest level since November 2024, and profit-taking hit record highs. Despite panic selling, over 196,600 BTC was accumulated in the $116,000–$118,000 range, reinforcing traders’ bullish long-term sentiment. Bitcoin (BTC) printed its first notable bearish signal on […]
Uniswap President Steps Down to Pursue New Ventures
Mary-Catherine Lader, president and chief operating officer of Uniswap Labs, has reportedly resigned after four years with the company. According to a Bloomberg report on Tuesday, Lader will stay in an advisory role before moving on to her next venture. A spokesperson for Uniswap said the company “will continue to build on her contributions,” according […]
Metaplanet’s CEO Joins Sora Ventures In Korean Deal Targeting Crypto Strategy
Simon Gerovich, CEO of Tokyo-based Metaplanet, is part of a consortium that is negotiating to acquire a controlling stake in SGA, a publicly traded software services company listed on South Korea’s KOSDAQ. The deal, if finalized, would position SGA to acquire Bitcoin as part of a broader digital asset strategy. While Gerovich is listed as […]