Bitcoin's bullish outlook strengthens as the US dollar drops 10.8% in its worst H1 performance since 1973. Key takeaways: Bitcoin could target $170K as global M2 money supply hits a record $55.48 trillion. BTC price historically lags M2 breakouts, with past patterns suggesting imminent upside. Read more
Before its collapse, Silicon Valley Bank had deep ties to crypto companies and venture capital funds investing in the industry. A group of billionaires, including Peter Thiel, is reportedly planning to launch a new financial services firm to fill the gap left by the collapse of Silicon Valley Bank in March 2023. The new bank, to be called Erebor, will focus on serving startups and cryptocurrency companies, according to the Financial Times, which cited anonymous sources familiar with the plans. The project has applied for a US bank charter, which allows financial institutions to operate as a bank. Thiel’s venture fund, Founders Fund, is among the bank’s early investors. In addition to Thiel, the group reportedly includes Palmer Luckey, co-founder of defense contractor Anduril, and Joe Lonsdale, founder of 8VC. Read more
ETH price has been stuck in a range despite months of steady spot Ether ETF inflows, but this situation could change quickly. Key point: Ether price has been range-bound under $2,500, but ETF flows could change the trend. Ether (ETH) has been range-bound for several days, but institutional investor demand is picking up. Glassnode data shows 106,000 Ether flowing into spot Ether exchange-traded funds last week, the seventh successive week of positive flows. Read more
With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone. In the first half of 2024, Tether quietly posted one of the biggest profit hauls in crypto history, pulling in a staggering $5.2 billion across just two quarters. That’s not a typo: $4.52 billion in Q1, followed by another $1.3 billion in Q2. Read more
Despite surging crypto adoption in emerging markets, the promise of financial sovereignty remains unfulfilled. Millions hold digital wealth they can’t easily use without seamless payment systems and practical off-ramps. Opinion by: Timothy Chen, global head of strategy, Mantle While crypto adoption accelerates across Southeast Asia and Latin America, a deeper structural problem persists: Payments remain slow, error-prone and exclusionary. The premise of financial sovereignty through blockchain remains tantalizingly incomplete. Millions hold digital assets, yet they cannot seamlessly integrate them into daily life. This paradoxical disconnect — digital wealth without practical utility — represents a critical infrastructural gap where emerging markets suffer most. Read more
Brazil’s new 17.5% flat crypto tax replaces previous exemptions and now applies to all digital asset gains. On June 12, 2025, Brazil introduced a sweeping new cryptocurrency tax law under Provisional Measure 1303. It replaces the old progressive tax model with a flat 17.5% crypto tax on all capital gains — no matter how much is earned or where the assets are held. The policy ends the long-standing exemption that allowed individuals to sell up to 35,000 Brazilian reais (~$6,300) in crypto each month tax-free. Read more
Bitcoin shorts are suddenly on the receiving end of punishment as a US employment data surprise injects fresh volatility into BTC price action. Key points: US private-sector jobs numbers declined more than 4% in June — the biggest drop since March 2023. Bitcoin sees relief, building on a rebound which has begun to trap late short positions. Read more