Finance is increasingly a weapon of war. United States policymakers and our allies focus too narrowly on macroeconomic tools like sanctions and promoting the dollar as a reserve currency when the modern front is evolving. Today, the real battles are being waged on smartphones and in the global currency markets. China is waging a multi-decade […]
Archives for December 2024
Blockchain Fragmentation Is a Major Problem That Must Be Addressed in 2025
Over the past year, the crypto industry has attracted users on an exponential scale, with monthly active addresses tripling from 70 million in 2023 to over 220 million in 2024. With over 300 chains listed, the ecosystem should be able to cater to the needs of all types of users sustainably. However, in this sprawling […]
Ether Seen Outperforming Bitcoin in 2025, Steno Research Says
Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump’s U.S. election victory. Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double […]
Bitcoin Drops to $92,000 as Long-Term Holders Keep Taking Profit
Crypto prices are experiencing a rocky Monday due to poor U.S. macroeconomic data and rampant profit-taking. Bitcoin (BTC) has dropped 1.8% in the past 24 hours to $91,800, a price not seen since Dec. 5, the day it broke through $100,000 for the first time. The largest cryptocurrency has fallen more than 14% from its […]
Sell the News: MicroStrategy Plunge Deepens in Days Following Nasdaq-100 Inclusion
In retrospect, it was inevitable. Down more than 8% and holding just above $300 on Monday, MicroStrategy (MSTR) shares are now lower by about 30% since just after the announcement of their inclusion into the Nasdaq-100 index and nearly 50% from their late November record high. The signs of at least a major short-term top […]