News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Fidelity Reports Bitcoin Approaching Key Power Law Support Level
Bitcoin is approaching a critical power law support line near $58,000, as Fidelity's Jurien Timmer identifies this as an accumulation zone but lacks a catalyst for recovery.
Mercation Admin3 min - Crypto
BitFuFu Cuts Bitcoin Production by Nearly 30% but Increases Hashrate
BitFuFu's Bitcoin production fell by 29.4% in June, but its hashrate increased to a record 3.5 EH/s with new ASIC miners.
Mercation Admin1 min - Crypto
Bitcoin Mining Difficulty Drops by 5%
Bitcoin's mining difficulty has decreased by 5%, now at 127.17 T, following a previous drop and subsequent recovery earlier this year.
Mercation Admin1 min - Crypto
Bitcoin and Ether Remain Stable Amid U.S. Strikes on Iran
Bitcoin and ether remain largely unchanged despite U.S. airstrikes on Iran and the closure of the Strait of Hormuz, reflecting a muted market response to geopolitical tensions.
Mercation Admin4 min - Crypto
Ripple's CEO Reveals Company Considered Shutdown Amid SEC Lawsuit
Ripple's CEO Brad Garlinghouse revealed that the company considered shutting down and distributing XRP to shareholders during the SEC lawsuit.
Mercation Admin3 min - Crypto
Miner Support for Bitcoin’s BIP 110 Fork Remains at Zero as Deadline Approaches
The BIP 110 proposal to limit non-financial data on Bitcoin faces a looming deadline with miner support at zero, raising concerns among critics about potential risks.
Mercation Admin5 min - Crypto
Empery Digital Divests Half of Its Bitcoin Holdings
Empery Digital has sold 1,400 bitcoins for $87.1 million, reallocating funds to develop an AI data center, while holding onto 1,514 bitcoins.
Mercation Admin3 min - News
Bloomberg: US Justice Department to Drop Charges Against BitClub Figure Matthew Getchell
The US Justice Department plans to drop charges against Matthew Getchell in the BitClub Network case, which involved a $722 million Ponzi scheme.
Mercation Admin1 min - Crypto
Why the Fed is Worrying Bitcoin Again and How Ethereum Prepares for the Quantum Era
This week discusses Ethereum's new roadmap, the Fed's hawkish stance, Strategy's Bitcoin sale, and Solana's identity crisis.
Mercation Admin1 min - News
US Secretly Paid Ransom in Bitcoin, VPN Services Caught Spying, and Other Cybersecurity News
This week in cybersecurity: a prisoner illegally transfers $290,000 in crypto, Interpol arrests thousands, and researchers reveal free VPNs often spy on users.
Mercation Admin6 min - Crypto
Bitcoin Price Predictions for 2029: Analysts See $300,000–$500,000, But Data Suggests Otherwise
Analysts forecast Bitcoin's price could reach between $300,000 and $500,000 by 2029, but current data suggests more modest future gains.
Mercation Admin5 min - Crypto
Empery Digital Sells Nearly Half of Bitcoin Holdings for $87 Million
Empery Digital has sold nearly half of its Bitcoin holdings, generating $87 million to pay down debt and cover legal costs.
Mercation Admin2 min