Author: 行政

Glassnode’s latest Week Onchain report shows that roughly 10.83 million BTC are now in the red, against 9.22 million still in profit.Loss-making supply now accounts for roughly 54% of the measured total, compared with 46% still in profit, meaning underwater coins exceed profitable coins by about 1.61 million BTC.Infographic showing 54% of Bitcoin’s circulating supply (10.83 million BTC) is held at a loss, exceeding the 46% held in profit by roughly 1.61 million BTC.Glassnode describes this as one of the sharpest deteriorations in investor profitability since the current bull market began, a threshold with real psychological weight.Crossing it before has…

Venice, the AI platform behind the VVV token, raised $65 million in a Series A led by Dragonfly at a $1 billion equity valuation, its first outside capital raise. The company chose stock over its own token, and the market is already arguing about what that choice means for VVV holders.Series A investors received 8.98% equity, a 1.5 million VVV vesting grant, and warrants to purchase 5 million additional VVV over 8 years. That package brings together Dragonfly, Coinbase Ventures, North Island Ventures, and other participants on both sides of Venice’s capital structure, with equity and tokens held in the…

Robinhood is pushing deeper into crypto infrastructure with the launch of its own blockchain network, tokenized stocks and decentralized lending products, even as one of its fastest-growing revenue opportunities may be forming outside crypto.On July 1, the brokerage launched the public mainnet for Robinhood Chain at a London event, marking its most direct move yet into onchain financial infrastructure.The Ethereum layer-2 network, built on Arbitrum, is designed to support tokenized real-world assets, decentralized finance applications and trading activity tied to Robinhood’s expanding global product suite.The launch gives Robinhood more control over the infrastructure behind its tokenized stock ambitions. Stock Tokens…

K Wave Media has become a new case study for corporate Bitcoin trade stress.In a June 30 Form F-3, the Nasdaq-listed company disclosed that it sold all of its Bitcoin holdings on May 6 and said the sale generated aggregate proceeds of $64.2 million.The filing also said K Wave had liquidated 88 Bitcoins under an April 29 amendment to its securities purchase agreement with Anson Funds and used part of the transaction to repay $6 million of initial notes.The filing frames the sale through financing, collateral and strategic-priority disclosures rather than an explicit forced-sale statement. Its value lies in the…

The stablecoin market has long rewarded the companies that issue digital dollars. They take in customer cash, hold reserves in short-term government securities, and earn the yield.Now, the companies that distribute those tokens want more of the economics.That tension is at the center of Open USD (OUSD), a planned stablecoin backed by more than 140 financial, technology, and crypto firms, including Coinbase, Visa, Mastercard, Stripe, BlackRock, and Google.The project promises free minting and redemption for businesses, as well as a reserve-income model that sends more value to the platforms driving adoption.For Circle, the USD Coin (USDC) stablecoin issuer, the most…

Robinhood has launched its Ethereum layer-2 blockchain to support tokenised assets, DeFi applications and AI-enabled trading. The new network introduces Stock Tokens on the public mainnet while expanding lending, perpetual futures and wallet capabilities. The launch forms part of Robinhood’s broader international growth strategy, with expansion across Canada, the UK and Singapore. Robinhood has launched the public mainnet of Robinhood Chain, an Ethereum layer-2 network built on Arbitrum, marking its latest expansion into decentralised finance while seeking to connect blockchain-based services with traditional financial markets. The permissionless network has been described as AI-native and launches with integrations including BitGo, Chainlink…

Record June withdrawals from US spot Bitcoin ETFs pushed 2026 net outflows higher and reduced cumulative inflows since launch. BlackRock’s IBIT accounted for the vast majority of redemptions, while total ETF Bitcoin holdings fell below year-ago levels. Strategy’s new capital programme was overshadowed by the scale of ETF selling, with its shares reversing early gains after the announcement. Investor demand for US spot Bitcoin exchange-traded funds weakened sharply in June after the products experienced a record US$4.5 billion (AU$6.53 billion) in net outflows, the largest monthly withdrawal since their launch in January 2024. The sustained selling lifted total net outflows…

Standard Chartered initiated Morpho coverage, projecting the token rises to US$60 by the end of 2030, up from about US$3.50 in 2026. Analyst Geoff Kendrick said the trajectory would outperform both Bitcoin and Ether, driven by Morpho’s lending markets and vault infrastructure. The bank tied the forecast to expected 37-fold growth in total DeFi assets by 2030 and a recent US$175 million funding round. Standard Chartered initiated coverage of Morpho on Wednesday with a long-term price target of US$60 (AU$87) by the end of 2030, arguing the decentralised lending protocol’s token is positioned to outperform both Bitcoin and Ether over…

Cantor Fitzgerald analysts, led by Gareth Gacetta, said Bitcoin is “only a few months away from the bottom of this pullback” as the token trades near US$59,500  Across the previous three cycles, Bitcoin bottomed an average of 384 days after peaking; as of June 10 it was 252 days past its 2025 high, pointing to a low around late October. The bank urged investors to favour networks with durable, cash-flow-backed value, while cautioning that its cycle model is not a precise timing tool. Bitcoin is only a few months from bottoming out in its current downturn, according to Cantor Fitzgerald…

Xapo Bank is best for Bitcoin-first global members who want regulated USD banking, premium custody, and card/payments in one app rather than a high-volume trading exchange. Its strongest point is the combination of Gibraltar-regulated banking, 1:1 Bitcoin custody claims, and security controls such as MPC and a 48-hour BTC Vault delay; the biggest caveat is that it is a premium, members-only service with limited exchange-style market tools and no public Merkle proof-of-reserves report in the provided notes. To reduce costs and risk, verify the live in-app spread before converting BTC/USD and use the Vault only for long-term Bitcoin you do…