Crypto ‘Not Made for Humans,’ Says Dragonfly’s Haseeb Qureshi – Here’s Why

Haseeb Qureshi, general partner at Dragonfly Capital, says that crypto infrastructure will ultimately be mass adopted by machines, not humans. Qureshi Says Crypto Technology Works, But Not for “Our Society’ In an article posted to X, Qureshi addresses the “fantastical story” that everyone would begin using smart contracts, rather than traditional legal contracts, for everything. … Read more

Bitdeer Dumps 943 BTC, Falls off the Bitcoin Treasury Rankings

Singapore-based miner Bitdeer, led by crypto veteran Jihan Wu, has sold 943.1 bitcoin from reserves, completing a full liquidation of its corporate treasury as it pivots toward infrastructure expansion and artificial intelligence (AI)-driven growth. Bitdeer Clears Bitcoin Balance Sheet The move, disclosed in a weekly operational update, brings Bitdeer’s pure corporate bitcoin holdings to zero … Read more

Mysterious Offshore Entity Takes $436M Position in Blackrock’s Bitcoin ETF

A little-known offshore entity has stepped into the spot bitcoin exchange-traded fund (ETF) arena with a $436 million position, instantly becoming one of the largest new institutional shareholders in Blackrock’s Ishares Bitcoin Trust (IBIT). Offshore Capital Flows? Hong Kong-Linked Laurore Ltd. Holds Major IBIT Stake According to a Form 13F-HR filed with the U.S. Securities … Read more

Tether Ends CNHT Stablecoin Support As Regulatory Pressure And Market Demand Shift

Tether has announced the termination of support for its Chinese yuan–pegged stablecoin CNH₮ (CNHT), marking the end of one of its major non-dollar stablecoin experiments. The company confirmed that new issuance of CNHT tokens has stopped effective immediately, while existing holders will be able to redeem their tokens for a limited period. The announcement, highlighted … Read more

XRP Sees Largest Realized Loss Spike Since 2022 As Market Watches For Potential Bottom Signal

Santiment data indicates that XRP Ledger has recorded its largest spike in realized losses since 2022, marking a notable moment for traders and analysts tracking market sentiment. The surge reflects a wave of investors selling their holdings at prices below their original purchase cost, a phenomenon commonly associated with fear-driven capitulation. Historically, such events have … Read more