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Bitcoin crashes under $67,000
$700,000,000 liquidated from the crypto market in the past 2 hours.
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Toncoin is being renamed to Gram
The original name for TON’s currency returns after first appearing in the initial white paper, with the transition set to take about three weeks. The blockchain will continue to be known as TON.
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Bitcoin falls under $71,000
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+1Coinbase now allows crypto trading in Indian rupees after more than two years of suspending operations in India.
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Michael Saylor hints at buying more Bitcoin.
"Working ₿etter."
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Traders trying to predict the market
the market…
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+1JPMorgan CEO Jamie Dimon says he is not happy with the crypto Clarity Act and Coinbase CEO Brian Armstrong is "full of shit."
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US Treasury Secretary Bessent calls on Congress pass crypto Clarity Act.
"The most important thing we can do is make digital assets come into the United States."
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🇺🇸🇮🇷 Bitcoin falls under $73,000 after US and Iran launch attacks against each other.
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Michael Saylor's Strategy has bought 2.6 times more Bitcoin than the total amount mined so far this year
65,700 BTC have been mined in 2024, while 171,238 BTC have been acquired by Saylor's firm.
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Michael Saylor's 'Strategy' now has a $13 billion unrealized loss on its Bitcoin investment.
+1Coinbase CEO Brian Armstrong says "Bitcoin is going to do great…one of many cycles we've all been through."
In 2023, this guy said the cycle top would be on Oct 6, 2025
On that exact day Bitcoin reached an ATH of $126,200
The problem of “dead blockchains”
Many networks that were supposed to become Ethereum killers raised around $2.6B in funding, yet today they generate only about $65,000 in weekly fees. Economic activity on them is practically nonexistent.
Why does this happen? Because “super-fast and brand-new” blockchains aren’t really needed by most users. Their apparent goal is simply to launch a native token on exchanges and sell it at a higher price — after which it drops 99% 😂
The launch of Coinbase’s Base L2 makes sense — they already have a user base and access to the U.S. market. Why pay others when you can run your own chain? The rest of the “optimized Ethereum copies” don’t seem to have much of a future. Even Ethereum L2s may eventually disappear, as Vitalik has openly suggested.
+1BTC > $69K at the NY open, while stocks continue to fall (−$900B at the open).
