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Why You Should Care About This War Over the Future of Money

The crypto world is buzzing. If you ask a true believer, they’ll say this is just the beginning of a financial revolution. Ask a skeptic, and they’ll swear we’re watching a bubble inflate in real time, one that could pop at any second. This entire debate is now playing out in a public showdown between two of the biggest names in finance. Michael Saylor and Jim Chanos are two men with very different visions of the future, and they’re now in open combat on X (formerly Twitter). Saylor, the billi

Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

Fundstrat's Tom Lee is joining a little known bitcoin miner aiming to become the biggest publicly traded holder of ether . Lee, a high-profile market strategist known for his prescient bitcoin price forecasts and stock predictions, has been appointed chairman of the board of directors of BitMine Immersion Technologies , effective Monday. The company also announced a $250 million private placement to implement a buying strategy around ether, which it aims to make its primary treasury reserve ass

Is Crypto in a Bubble (Again)?

The crypto world is buzzing. If you ask a true believer, they’ll say this is just the beginning. Ask a skeptic, and they’ll swear we’re watching a bubble inflate in real time. One that could pop any second. I saw the excitement firsthand at a crypto event in Brooklyn last week. The bar was packed. People were animated. It felt like a flashback to 2020 and 2021, when crypto fever gripped everyone from twenty-something retail traders to grandparents. Back then, it was all about Bitcoin, flashy NF

Bitcoin rises, NYSE battles for Trump ETF, and crypto may be coming to mortgage next

The price of bitcoin rose again on Wednesday, reaching above $108,000 at an intraday high, as investors looked past the recent tensions in the Middle East and the stock market hovered near an all-time record. But the trading in cryptocurrencies was uneven, with ether and solana both slipping modestly in afternoon trading. Washington, D.C., figured in a major way in the latest crypto headlines. Fed Chair Jerome Powell spoke about crypto in his testimony before the Senate Banking Committee on W

Your Bitcoin Might Soon Get You a Mortgage—No, Really

In a move that should send a chill down the spine of anyone who remembers 2008, the man now in charge of regulating a huge chunk of the U.S. housing market wants to see if your crypto holdings—like Bitcoin or Solana—should count when Americans apply for a mortgage. That’s right: your dog-themed coin stash might one day help you buy a house. Bill Pulte, the new director of the Federal Housing Finance Agency (FHFA), announced the plan on X, the platform formerly known as Twitter. “We will study t

This Billionaire Turned a Software Firm Into a $42 Billion Bitcoin Whale

Michael Saylor doesn’t just believe in Bitcoin. He’s betting his entire company on it. On Saturday, the billionaire founder of MicroStrategy, once a sleepy business software firm, announced he had bought another 245 bitcoins for around $26 million, paying an average of $105,856 per coin. That brings MicroStrategy’s Bitcoin holdings to a jaw-dropping 592,345 BTC, acquired for $41.87 billion at an average cost of $70,681 per coin. Saylor posted the update to his 4.4 million followers on X, bragg

Pompliano’s ProCap raises over $750 million, goes public via SPAC as bitcoin treasury bubble grows

The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in. ProCap Financial, the latest entrant, has raised more than $750 million and is going public through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp. I, according to an announcement Monday. Led by investor and podcast host Anthony Pompliano, ProCap raised more than $750 million in its funding round, including $235 million in convertible debt, with equity ma

Bitcoin briefly sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off

Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — and ether was more than 10% lower at one point, as the digital asset market became the first to react to escalating geopolitical risk. Solana , XRP , and dogecoin also posted sharp losses, dragging the entire crypto complex deep int

Bitcoin Who? Wall Street Has a New Crypto Obsession

For over a decade, Bitcoin has been the undisputed face of digital finance. When you think “crypto,” you think Bitcoin. Its surges and crashes have been treated as bellwethers for the entire industry. This year, it even set new records, solidifying its reign. But for the past month, the crypto world hasn’t been talking about Bitcoin. The spotlight has been stolen by a company that most people have never heard of. While Bitcoin’s price reached an all-time high this spring, its dominance is bein

A False Start on the Road to an All-American Bitcoin

US president Donald Trump waited a beat to soak up the applause. In front of a baying crowd of bitcoiners at crypto conference Bitcoin 2024 in July, he had just laid out his plan to turn the US into the world’s undisputed bitcoin mining superpower. “I want it to be mined, minted, and made in the USA,” he told the audience. “You’re going to be very happy with me—you’re going to be so happy.” Since returning to the White House, Trump has largely followed through on his crypto-related pledges: He