Morocco’s victory highlights the unpredictability of football, showcasing the potential for underdog teams to disrupt traditional power dynamics. The post Morocco stuns Netherlands in World Cup penalty shootout to reach round of 16 appeared first on Crypto Briefing.
Sovereign fund entry into Bitcoin could catalyze widespread institutional adoption, reshaping market dynamics and boosting crypto legitimacy. The post MidChains CEO highlights Bitcoin discount as entry point for sovereign funds appeared first on Crypto Briefing.
The resolution of the shipping crisis in the Strait of Hormuz alleviates immediate threats to South Korea’s energy supply chain stability. The post Lee Jae-myung reports 24 South Korean vessels have exited the Strait of Hormuz appeared first on Crypto Briefing.
Loading Tweet… View original post on X TL;DR Michaël van de Poppe said altcoin market capitalization has roundtripped nearly 900 days of gains. The chart reportedly returned to a breakout area from late 2023. The setup is painful for sentiment, but major support zones can also become accumulation areas. Altcoin Market Cap Gives Back Years […]
Sovereign wealth funds have been accumulating spot Bitcoin, a sign that Bitcoin’s current price level is becoming attractive to institutional investors, according to MidChains CEO Basil Al Askari.While there has been a slowdown in retail crypto market participation, the opposite is being seen on the institutional and corporate side, Basil Al Askari said on Cointelegraph’s “Chain Reaction” podcast on Monday. “I would be able to confirm that one, at least one, and possibly in the coming weeks, two sovereign wealth funds have been accumulating spot Bitcoin specifically,” he said. A sovereign wealth fund is a state-owned investment fund, typically capitalized by a country’s reserves, so the move signals state-level conviction, not just private speculation. Sovereign wealth funds collectively control more than $13 trillion globally.Al Askari, who heads MidChains, a regulated crypto trading platform focused on retail and institutions based in Abu Dhabi, said this low price point is seen very much as an “entry level for a lot of those mega funds” that have the patience to accumulate over an extended period of time.Basil Al Askari speaking on Chain Reaction. Source: CointelegraphThe potential impact on Bitcoin’s price is not going to be a massive cascade on the market immediately, he said, but it sends “a very clear signal” to other institutions that may be sitting on the sidelines and looking at these larger funds as leaders, seeking a “way to experiment and start to get involved” with Bitcoin.Related: Bullish Bitcoin RSI divergence has analysts calling for 2022-style bear market bottom“I do think this is what will happen, is that over the longer term period, we’ll start to see Bitcoin becoming more and more scarce as a result of larger holders with much longer time horizons on their holding periods as far as looking at investments.”Abu Dhabi’s Mubadala Investment Company invested $437 million in BTC via BlackRock’s iShares Bitcoin Trust (IBIT) shares in February 2025, while Bhutan’s Druk Holding and Investments is one of the earliest and most direct sovereign holders of the asset, but it has been selling some this year. ETFs outflow billions as corporates buy the dipCoinbase’s head of institutional strategy, John D’Agostino, told CNBC earlier this month that the dip is being welcomed by institutional investors.“I just got off a plane from the Middle East, and I can tell you that the family offices in the UAE and the government and sovereign funds that are putting the effort into buying this asset class are not unhappy at being able to buy it at a discount,” D’Agostino said.The current situation has been mixed, with sustained US spot BTC exchange-traded fund outflows exceeding $4.1 billion so far this month. Meanwhile, corporate treasuries, primarily Strategy, which has scooped up 3,657 BTC this month, continue to accumulate.Magazine: AI is banking the unbanked in Africa… faster than crypto
NousResearch recently announced that its Hermes Agent has reached a remarkable milestone of 200,000 stars on GitHub. This achievement underscores the increasing popularity and community support for the project, as expressed in their official tweet. For more details, check the announcement here. Inside the Move The broader crypto market continues to exhibit mixed signals, but […]
Tempo’s testnet is now live, enabling companies to develop on a blockchain focused on payments and instant settlement. This announcement, which garnered significant attention, was amplified by Paradigm, highlighting the growing interest in this payments-first approach. Breaking It Down The broader crypto market is currently showing mixed signals, with varied momentum across major assets. Tempo’s […]
Noise recently announced a $7.1 million Series Seed funding round led by Paradigm, as highlighted in a retweet from @noise_xyz. This investment underlines the increasing confidence in innovative crypto projects in today’s market. For more details, see the original tweet here. What Went Down The broader crypto market continues to exhibit mixed signals, with various […]
Top futures traders trimmed long exposure in Solana (SOL) and Dogecoin (DOGE) on Tuesday ET, according to Coinglass data, offering a fresh snapshot of how leveraged sentiment is rotating across major tokens in the ‘USDT-margined’ and ‘coin-margined’ derivatives markets. The dataset tracks positioning among “top traders,” which Coinglass defines as accounts in the top 20% […]
As more opinions on Strategy’s latest bitcoin (BTC) moves surface within the crypto community, trader Merlijn has countered Ripple CEO Brad Garlinghouse’s stance on the matter. In a tweet addressing Garlinghouse’s remarks on Strategy’s recent BTC sale, Merlijn insisted that both Ripple and the business intelligence firm use the same funding models. In other words, […]
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