Bitcoin News page 29

A large Friday derivatives settlement is drawing bitcoin's price toward a narrow band between $75,000 and $80,000. Bitcoin has spent recent sessions confined to a narrow band between $75,000 and $80,000. Traders are watching a large derivatives settlement scheduled for Friday.

Asset manager links growing federal deficits and near-$1 trillion interest costs to increased demand for Bitcoin BlackRock has said that mounting U.S. government debt and widening deficits are reinforcing arguments for holding Bitcoin as a hedge. The firm's assessment ties directly to the scale of federal borrowing, which has now pushed total U.S.

The chipmaker's latest results set the stage for CEO Jensen Huang to discuss strategy on CNBC's Mad Money. Nvidia reported quarterly revenue of $96.2 billion, according to CryptoBriefing. The report also noted that CEO Jensen Huang is scheduled to appear on CNBC's Mad Money to discuss company strategy.

The SOL treasury firm's new platform aims to give investors and developers live visibility into Solana's network health. DeFi Development Corp. has introduced a new monitoring platform called State of Solana, according to reports from CryptoBriefing and The Block.

The new lending product lets US borrowers use bitcoin holdings to help secure home loans without selling their coins. Coinbase has begun offering bitcoin-backed mortgages in the United States through a partnership with Better Home & Finance.

Tax-deferred swaps let holders move bitcoin directly into BlackRock's ETF without a taxable sale event BlackRock has processed $5 billion in direct conversions of bitcoin into shares of its exchange-traded fund, according to reports from Bitcoin.com News and Finbold.

Major carriers join the central bank's digital currency rollout as crypto payments remain outlawed nationwide Russian telecommunications companies are set to begin accepting the digital ruble as payment starting September 1. The development marks one of the most visible commercial applications yet of the central bank's digital currency project.

Traders are watching a large weekly options expiry that could shake bitcoin prices in either direction. A large tranche of bitcoin options contracts, valued at roughly $6.4 billion, is scheduled to expire on Friday. Both CoinDesk and crypto.news reported the figure, framing it as a potential source of near-term volatility for the world's largest cryptocurrency.

The asset manager lowered the entry threshold for its bitcoin ETF swap program to $1 million during one of the coin's best Augusts on record. BlackRock has reduced the minimum threshold for swap-based exposure to its iShares Bitcoin Trust, known as IBIT, down to $1 million.

Nine straight days of net inflows into XRP exchange-traded funds have reignited debate over whether the token is still undervalued. Seven spot XRP exchange-traded funds have collectively pulled in a significant amount of investor capital since they began trading, according to crypto.news.

Bitcoin.com News and U.Today both cover Draper University's Cardano-backed Apex Growth Accelerator but give different program start dates. Bitcoin.com News and U.Today both cover Draper University's Cardano-backed Apex Growth Accelerator but give different program start dates.

The bank flags a constructive second-half outlook for digital assets while naming two listed stocks as ways to gain exposure. Goldman Sachs has adopted a cautiously optimistic stance on the crypto market heading into the second half of the year, according to reports from CoinGape and crypto.news.

Coinfomania says CryptoQuant has confirmed a new Bitcoin bull market, while CryptoBriefing says CryptoQuant itself calls the shift not yet fully confirmed. Coinfomania says CryptoQuant has confirmed a new Bitcoin bull market, while CryptoBriefing says CryptoQuant itself calls the shift not yet fully confirmed.

Technical indicators suggest Bitcoin's rally may be losing steam even as the asset trades close to key round-number levels. Bitcoin's price action has drawn fresh scrutiny as the asset hovers close to the $78,000 mark.

A massive government cash pile and a weakening dollar are feeding renewed appetite for bitcoin. Bitcoin traded above $80,000 on Tuesday, extending a rally that coincided with news of a potential $950 billion Treasury cash deployment. Reports indicate the U.S. Treasury is considering using this reserve to buy back government bonds.

The crypto merchant bank is broadening its lending business beyond institutional clients with a new consumer-facing product. Galaxy Digital has launched a new line of credit aimed at retail crypto holders, allowing them to borrow against holdings of Bitcoin, Ether and Solana.

Analysts point to bitcoin's outsized gains as a sign that a new bull market phase may be underway, even as altcoins struggle to keep pace. Bitcoin has pulled away from the rest of the digital asset market in recent trading.

A new analysis argues that the company's ability to keep raising funds, not bitcoin's price alone, sustains its balance sheet strategy. Strategy, the business intelligence firm turned bitcoin accumulation vehicle, has built a bitcoin position now valued near $66 billion.