Bitcoin failed to become investors' choice as the debasement trade, as BTC price action slumps while gold and silver hit repeat all-time highs, said analysis. Bitcoin (BTC) is looking like the loser versus gold as precious metals top new all-time highs Monday. Key points: Bitcoin is not the debasement trade after years of losses against gold, analysis concludes. Read more
World Liberty Financial has launched a crypto lending platform built around its USD1 stablecoin, as demand for onchain credit shows signs of recovery. World Liberty Financial, a decentralized finance project linked to the family of US President Donald Trump, has entered the cryptocurrency lending market, highlighting renewed interest in onchain credit as regulatory clarity improves. The new product, called World Liberty Markets, launched on Monday and allows users to borrow and lend digital assets, according to a Bloomberg report. The platform is built around USD1, World Liberty’s US dollar–backed stablecoin, alongside its governance token, WLFI. Users can post collateral, including Ether (ETH), a tokenized version of Bitcoin (BTC) and major stablecoins such as USD Coin (USDC) and Tether (USDT). The platform is designed to support both lending and borrowing activity within a single onchain marketplace. Read more
ETH price could rally 95% versus Bitcoin if a decisive breakout above the key 0.042 BTC neckline confirms a bullish reversal. Key takeaways: ETH/BTC eyes a 95% upside toward 0.066 BTC if it breaks above the key 0.042 BTC neckline. A bear pennant breakdown toward 0.024–0.025 BTC would negate the reversal setup. Read more
BitGo is looking to raise as much as $201 million in an IPO, targeting a $1.96 billion valuation with over $90 billion in assets under custody and top US banks leading the deal. BitGo Holdings, a major cryptocurrency custody company, announced the launch of its initial public offering (IPO) in a filing with the US Securities and Exchange Commission (SEC). In a Form S-1 filed with the SEC, BitGo said the offering will include 11 million shares of Class A common stock issued by the company, along with 821,595 shares offered by existing stockholders. The company announced the launch of the offering on Monday. Based on an expected price range of $15 to $17 per share, the IPO could raise as much as $201 million, with total shares offered amounting to roughly 11.8 million. Read more
Strategy added 13,627 Bitcoin in a $1.25 billion purchase last week, extending its lead as the world’s largest corporate BTC holder despite recent paper losses. Corporate Bitcoin investor Strategy added another 13,627 Bitcoin to its balance sheet last week, spending $1.25 billion as it continues accumulating Bitcoin early in the year. The purchase marks the company’s biggest BTC buy since July. In a Form 9-K filing with the United States Securities and Exchange Commission, the company disclosed on Monday that its Bitcoin (BTC) stash has reached a total of 687,410 BTC, acquired at an aggregate cost of about $51.8 billion. The latest batch of BTC was bought at an average price of $91,519 per coin, well above Strategy’s total average cost basis of $75,353. Read more