Author: CryptoPress

Block CEO Jack Dorsey confirmed the company will support stablecoins, marking a pivot from its historically Bitcoin-only product strategy. The decision is primarily motivated by customer demand for fiat-pegged assets as the stablecoin market capitalization hits $318 billion. The shift follows a massive corporate restructuring where Block cut its workforce by 40% to transition into an AI-first organization. Jack Dorsey, the outspoken...

Brent crude futures hit $90 per barrel on Friday, marking a two-year high as the conflict between the U.S., Israel, and Iran enters its seventh day. Qatar’s Energy Minister warns of $150 oil if regional production remains disrupted, a scenario that could heighten global inflationary pressures. Bitcoin mining profitability faces a double-edged sword as energy costs rise, while some investors eye digital assets as a potential hedge against...

South Korea’s KOSPI index fell 20% over two trading sessions, triggering multiple circuit breakers and trading halts as geopolitical tensions in the Middle East sparked a massive sell-off. Bitcoin climbed 7% over the same 24-hour period, breaking above $73,000, as analysts observe signs of retail capital rotating from equities into digital assets. Despite the surge in crypto prices, the Kimchi premium remains near 1%, suggesting that while...