Author: Anthony M. Orbison

Opinion by: Matt Mudano, CEO of Arch Labs Ethereum is struggling, and decentralized finance (DeFi) is suffering as a result. Layer-2 (L2) solutions have fractured liquidity, making capital inefficient. In search of greener pastures, the community has turned to Solana — only to find a memecoin-driven ecosystem fueled by pump-and-dump schemes, attracting liquidity extractors, and turning the chain into a playground for speculation and fraud.DeFi needs a reset that returns to first principles and aligns with Satoshi’s original vision of a decentralized financial system. The only network capable of sustaining the next evolution of DeFi isn’t Ethereum or Solana. It’s Bitcoin.DeFi…

As stock markets crumbled for a second day on April 4, US Federal Reserve Chair Jerome Powell said that the Trump administration’s “reciprocal tariffs” could significantly affect the economy, potentially leading to “higher inflation and slower growth.”Addressing the public at a conference on April 4, Powell maintained a cautious approach and noted that tariffs could spike inflation “in the coming quarters,” complicating the Fed’s 2% inflation target, just months after rate cuts indicated a soft landing. Powell said,“While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be…

Cryptocurrency firms felt the heat from US President Donald Trump’s sweeping tariff rollout this week as market turbulence sent share prices tumbling and foiled initial public offering (IPO) plans. From exchanges to Bitcoin (BTC) miners, crypto stocks suffered as much, if not more, than shares of other companies — despite the industry’s warm relationship with the US president. On April 2, Trump announced he was placing tariffs of at least 10% on practically all imports into the United States and adding additional “reciprocal” tariffs on some 57 countries. Since then, major US stock indices — including the S&P 500 and Nasdaq — tumbled…

In a recent video interview by Bitcoin Magazine, Troy Cross, Professor of Philosophy and Humanities at Reed College, delves into the topic of his latest article for Bitcoin Magazine’s “The Mining Issue,” titled “Why the Future of Bitcoin Mining is Distributed.” Watch the full discussion here. In the interview, Troy explores the centralization vectors in Bitcoin mining and presents a compelling argument for the decentralization of hashrate. Despite the economies of scale that have given rise to mega mining operations, he highlights a critical—and potentially economic—imperative for distributing mining power, offering insights into the future of Bitcoin’s infrastructure. The following…

Despite growing tariff-related uncertainty, there is a 70% probability cryptocurrency markets will find the local bottom in the next two months, which will serve as the supporting foundation for the next leg up in the 2025 cycle, according to Nansen analysts.Savvy traders continue making generational wealth despite growing volatility and lack of risk appetite. One unidentified trader turned an initial $2,000 investment into over $43 million by trading the popular frog-themed memecoin, Pepe.70% chance of crypto bottoming before June amid trade fears: NansenThe cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing…

First Trust Advisors has launched two Bitcoin (BTC) strategy exchange-traded funds (ETFs) designed to provide investors with Bitcoin exposure while capping losses and earning yield, the asset manager said. The move comes amid an outpouring of funds seeking to enhance Bitcoin’s appeal to traditional investors by offering tailored exposure to the cryptocurrency’s performance.The FT Vest Bitcoin Strategy Floor15 ETF (BFAP) is designed to track Bitcoin’s performance up to a capped upside while limiting drawdown risk to approximately 15%, First Trust said in an announcement.“Over the past few years, investors have shown a remarkably strong appetite for bitcoin-linked ETFs, but the potential…

Bitcoin (BTC) price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4. The failure of the bears to capitalize on the opportunity shows a lack of selling at lower levels.Risky assets were rattled after US President Donald Trump announced reciprocal tariffs on several countries on April 2. The fall in the US markets deepened on April 4 after China announced a retaliatory tariff of 34% on all imported US goods starting April 10.While several market participants are concerned about the near-term impact of tariffs, BitMEX co-founder Arthur Hayes said…

Bitcoin (BTC) sits in one of its least bullish phases since January 2023. According to Bitcoin’s “bull score index,” investor sentiment is showing its lowest reading in two years. Bitcoin bull score index. Source: CryptoQuantCryptoQuant’s “Crypto Weekly Report” newsletter explained that “bull score index” readings that sit below 40 for extended periods increase the likelihood of a bear market. The bull score remained above 40 throughout 2024, only dipping below this threshold in February 2025, as identified in the chart above. However, over the past 24 hours, Bitcoin price has displayed resilience when compared against the massive losses seen in the US stock market.…

Analysts say Bitcoin (BTC) price could drop to $70,000 within the next ten days as one BTC pricing model suggests that the US-led trade war could upend investors’ risk-asset sentiment.In his latest X analysis, network economist Timothy Peterson warned that Bitcoin may return to its 2021-era all-time high.$70,000 is Bitcoin’s “practical bottom”Bitcoin price expectations continue to deteriorate as the impact of “higher than expected” US trade tariffs hits home.For Peterson, the outlook now includes an uncomfortable trip down memory lane.“Bitcoin to $70k in 10 days?” he queried.An accompanying chart compared Bitcoin bear markets and included Peterson’s Lowest Price Forward (LPF)…

This is the second article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown.  CHECKSIGFROMSTACK (CSFS), put forward by Brandon Black and Jeremy Rubin with BIP 348, is not a covenant. As I said in the introductory article to this series, some of the proposals I would be covering are not covenants, but synergize or interrelate with them in some way. CSFS is the first example of that.  CSFS is a very simple opcode, but before we go through how it works let’s look at the basics of how…