Author: Anthony M. Orbison

The rumor mills are running high in the current cryptocurrency market, compelling investors to think twice and thrice about their recent market explorations. In a recent new rumor spree, Michael Saylor, former CEO of MicroStrategy, recently rebranded as “Strategy,” might be forced to sell its Bitcoin if BTC’s price continues to plunge, per the latest 8-K form filing filed by the firm with the SEC on April 7.Also Read: China’s Central Bank Asks State-owned Banks to Reduce US Dollar PurchasesIs Michael Saylor Ditching Bitcoin?Source: Watcher GuruMichael Saylor, former CEO of MicroStrategy, popularly known as Strategy, might be bailing away from…

The evolving relationship between Bitcoin and traditional financial markets is under renewed pressure as global investors flee risk assets amid intensifying US trade tensions.US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded their fourth consecutive day of outflows on April 8, with more than $326 million in net redemptions across products, according to data from Farside Investors.BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw the largest sell-off of over $252 million, its biggest daily outflow since Feb. 26.Bitcoin ETF flows, US dollars, millions. Source: Farside InvestorsThe selling pressure follows US President Donald Trump’s April 2 announcement of sweeping reciprocal import tariffs, which…

Bitcoin’s (BTC) price has dropped 5.6% over the past seven days, closing three daily candles below the $80,000 support for the first time since Nov. 9, 2024. Data from Glassnode highlighted Bitcoin witnessing a 64% rise in futures volume during the same period. The analytics platform said that “this marks a reversal from the past month,” when futures volume progressively decreased.A rise in futures volumes suggested heightened market activity, but further analysis of the broader futures market revealed a more complex outlook. Bitcoin’s open interest (OI), representing the total value of outstanding futures contracts, declined 19% over the past two…

The lingering fears triggered by US President Donald Trump’s sweeping global tariffs have analysts increasingly convinced that Bitcoin is now more likely than ever to challenge the US dollar in the years ahead.“Higher chance Bitcoin survives over the dollar in our lifetime after today,” Bitwise Invest head of alpha strategies Jeff Parks said in an April 9 X post.Investors will be left with no other option but Bitcoin, says crypto exec“First time the thought hit me and didn’t feel like theory but an actual truth to grapple with,” Parks added. Bitwise CEO Hunter Horsley shared a similar view, noting that with…

In a major shift in federal oversight of bitcoin and crypto, the U.S. Department of Justice (DOJ) has officially disbanded its National Cryptocurrency Enforcement Team (NCET), a specialized unit created under the Biden administration to investigate and prosecute criminal activity involving bitcoin and crypto. The move follows a directive from Deputy Attorney General Todd Blanche, a Trump appointee confirmed earlier this year and marks a broader rollback of federal regulatory scrutiny over the bitcoin and crypto sector. The DOJ issued an internal memo on Monday notifying staff that the unit would be dissolved effective immediately, redirecting remaining cases to existing…

Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. On April 8, Aavegotchi’s community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol’s smart contracts on Polygon and re-deploying on Base, according to Aavegochti’s governance page. “Given our close relationship with the Base team, as well as recent developments in the Base ecosystem […] we believe the most +EV move for Aavegotchi (for this cycle, at least) is…

BitGo and Voltage have announced a new partnership aimed at transforming Bitcoin payments by integrating the Lightning Network into BitGo’s digital asset infrastructure, according to a press release sent to Bitcoin Magazine. The collaboration will allow exchanges, neobanks, payment providers, and fintech firms to execute instant Bitcoin and stablecoin transactions with greater efficiency and security. Lightning just struck institutional finance. ⚡Introducing the BitGo x @voltage_cloud integration — the fastest, most secure way to transact on Bitcoin’s Lightning Network.Say goodbye to high fees and no more waiting for transactions.Plug into BitGo and watch your bitcoin… pic.twitter.com/vz96g8iDGy— BitGo (@BitGo) April 8, 2025…

With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market.On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese central bank’s readiness to let its currency fluctuate more freely. The US dollar-to-yuan exchange rate on April 8. Source: BloombergWith the trade war ratcheting up, “expectation for China to eventually devalue the currency has jumped and the pressure won’t go away easily,” Ju Wang, head of…

On March 28, 2025, one of the most severe earthquakes of the 21st century devastated Myanmar (Burma). The death toll from the 7.7 magnitude tremor is now over 3,600, while more than 5,500 have been injured and 17.2 million are currently living in the affected areas. To make matters worse, the country is under military rule and the leaders of the junta are both restricting humanitarian aid from reaching some of the most affected areas of the country and bombing war-torn regions of the country to which some of the survivors have fled. Win Ko Ko Aung, a Burmese refugee…

The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud.“As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud said in an April 8 report. “The demand for shipping machines to the U.S. is set to plummet, likely nearing zero.”“Manufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they’ll likely need to lower…