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Author: CryptoPress

Strategy Buys Bitcoin Every Day This Week Amid Dip, Saylor Denies Sale Rumors

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Daily Acquisitions: Strategy purchased Bitcoin every weekday this week, signaling accelerated buying despite BTC’s plunge below $100,000. Total Holdings: The firm’s BTC stash now exceeds 641,000 coins, valued at approximately $62.3 billion at current prices. Rumor Denial: Saylor dismissed reports of sales, attributing on-chain activity to custodian switches rather than liquidations. Strategy’s Unyielding...

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Inflation and Crypto

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Inflation, the gradual erosion of purchasing power in fiat currencies, has long plagued traditional economies. In the crypto space, it represents both a threat and an opportunity. Cryptocurrencies like Bitcoin (BTC) position themselves as inflation hedges, drawing parallels to scarce assets such as gold. This glossary entry explores the interplay between inflation and crypto, from historical contexts to mechanical advantages, empowering...

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Solana ETFs Draw $70 Million Inflows Amid Broader Crypto Market Outflows

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Solana ETFs saw $70 million in net inflows over the past day, contrasting sharply with outflows from major crypto funds. This influx suggests growing investor interest in higher-beta assets like Solana amid fatigue in Bitcoin and Ether. Bitwise’s Solana ETF led the charge, highlighting resilience in the Solana ecosystem despite price declines. Solana ETFs Buck Market Trend In the last 24 hours, Solana...

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Balancer DeFi Protocol Suffers $128M Exploit in V2 Pools Amid Smart Contract Vulnerability

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Quick Take Balancer’s V2 Composable Stable Pools were exploited for approximately $128 million in assets, including WETH, osETH, and wstETH. The vulnerability stemmed from a logic flaw in smart contract functions, allowing unauthorized withdrawals despite multiple audits. Affected chains such as Berachain implemented emergency measures, including network halts and hard forks, to protect users. Ethereum-based decentralized finance...

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Crypto Weekly Roundup – Navigating November’s Choppy Waters

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The crypto market entered November on a cautious note, with Bitcoin hovering around $110,000 after a 3.5% cap dip to $3.69 trillion. Thin liquidity from Japan’s holiday and $478M in liquidations—mostly longs—amplified swings, while Fed hints at limited rate cuts strengthened the dollar, pressuring risk assets. Yet, ETF inflows persist, and historical November strength offers a counterbalance, potentially setting up a rebound if supports...

Bitcoin, Crypto market, News

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