BTC $80,053.81 -1.72%
ETH $2,317.17 -2.30%
BNB $748.50 -0.56%
XRP $1.29 -2.96%
SOL $100.18 -2.74%
TRX $0.3310 -0.15%
DOGE $0.0781 -2.88%
ADA $0.1996 -3.95%
BCH $279.42 -8.07%
LINK $11.49 -3.12%
HYPE $79.28 -3.60%
AAVE $131.10 -3.50%
SUI $0.9147 -3.12%
XLM $0.1688 -1.89%
ZEC $1,252.42 -5.06%
AAPL $348.04 +0.51%
AMZN $252.12 -0.82%
GOOGL $292.82 -10.08%
MSFT $547.29 +3.20%
META $620.57 -0.50%
NVDA $214.31 -2.50%
TSLA $402.79 -1.71%
SNDK $1,374.19 +0.83%
INTC $91.90 -3.79%
SPCX $144.19 -3.81%
MU $954.35 -1.05%
AMD $563.14 -1.07%
BTC $80,053.81 -1.72%
ETH $2,317.17 -2.30%
BNB $748.50 -0.56%
XRP $1.29 -2.96%
SOL $100.18 -2.74%
TRX $0.3310 -0.15%
DOGE $0.0781 -2.88%
ADA $0.1996 -3.95%
BCH $279.42 -8.07%
LINK $11.49 -3.12%
HYPE $79.28 -3.60%
AAVE $131.10 -3.50%
SUI $0.9147 -3.12%
XLM $0.1688 -1.89%
ZEC $1,252.42 -5.06%
AAPL $348.04 +0.51%
AMZN $252.12 -0.82%
GOOGL $292.82 -10.08%
MSFT $547.29 +3.20%
META $620.57 -0.50%
NVDA $214.31 -2.50%
TSLA $402.79 -1.71%
SNDK $1,374.19 +0.83%
INTC $91.90 -3.79%
SPCX $144.19 -3.81%
MU $954.35 -1.05%
AMD $563.14 -1.07%

rich

All
Article
Flash

first_img Richard Byworth: The next round of Bitcoin's rise is just a matter of time, as selling pressure reaches record lows

According to Bitcoin Magazine, Richard Byworth previously worked at Syz Capital, focusing his career on hedge fund structure design. In an interview with Bitcoin Magazine, he stated that the next round of Bitcoin's rise is just a matter of time.He pointed out that, based on data from on-chain analysis platforms like Glassnode, the current level of seller exhaustion has reached a historical high. Although the market does not exhibit an extreme bearish atmosphere, multiple on-chain indicators show that Bitcoin is strongly building a bottom. He mentioned that Bitcoin has been trading in the range just above $80,000 in recent weeks, and he believed that $58,000 was a bottom.Byworth also discussed Bitcoin yield strategies. He warned that using a covered call strategy during a bullish market could lead to significant losses of Bitcoin for investors, and advocated for earning low-volatility, market-neutral returns through basis trading collateralized by Bitcoin. He noted that Strive had bought three times the weekly issuance of Bitcoin in a single transaction within a week, believing that the next round of rise is just a matter of time.Regarding Bitcoin treasury companies, Byworth stated that the digital credit products designed by Saylor are putting pressure on the traditional bond market, as the yield on 10-year U.S. Treasuries is around 5.1% to 5.2%, and investors will see their returns eroded by the faster pace of currency depreciation. He mentioned followers like Strive and Metaplanet, and believes that Bitcoin could break its historical high again before the end of the year, and reaching $350,000 in about a year is not entirely impossible.

first_img Turkey confirms that Hex founder Richard Heart has been arrested, with $7.15 million and six cold wallets seized

Turkish Minister of Justice Akın Gürlek confirmed on Saturday that Ethereum ecosystem token Hex and PulseChain founder Richard Heart were detained in Istanbul. Gürlek stated on the X platform that Heart, whose real name is Richard James Schueler, was detained along with his wife during an operation in the Beşiktaş district of Istanbul on Wednesday, and the police subsequently detained three individuals confirmed to be his bodyguards. The operation was carried out by the Istanbul Chief Prosecutor's Office in conjunction with the city's police intelligence and financial crimes department, with support from Turkey's intelligence agency MİT.Gürlek indicated that the police conducted searches at 15 addresses in the Beşiktaş, Üsküdar, and Sarıyer districts, seizing $7.15 million in cash, six cold wallets, 160,000 Turkish lira, 28 watches, 97 pieces of jewelry, 300 bags, and 19 graphics cards, while also confiscating four long-barreled rifles, three unlicensed handguns, and 1,400 rounds of ammunition. Gürlek stated that judicial procedures and the examination of seized items are still ongoing. Turkey's state news agency Anadolu reported separately that the police seized nine vehicles registered under Heart's wife's name. According to CoinGecko data, Hex has dropped about 14% in the past 24 hours.Gürlek linked Heart's red notice to the $1 billion cryptocurrency fraud charges involving the United States and Finland. The notice was issued in December 2024 at the request of Finnish authorities, who sought his arrest on charges of serious tax evasion and assault. In the United States, a federal judge dismissed the Securities and Exchange Commission's lawsuit against Heart in February 2025 on jurisdictional grounds, and the agency decided not to refile the lawsuit in April of that year.

first_img Maharashtra, the richest state in India, plans to tokenize its electricity assets for financing

The wealthiest state in India, Maharashtra, is formulating policies to tokenize state government assets (including power transmission infrastructure), with the funds raised to be used for constructing new transmission lines and energy storage facilities. The Chief Minister's Chief Economic Advisor and CEO of the Maharashtra Transformation Institute (MITRA), Praveen Pardeshi, introduced this plan at an invitation-only event called "The Box Launch," hosted by the real estate tokenization company RealX and MST Blockchain at the Mumbai World Trade Center.Pardeshi stated that transmission lines could be partially tokenized, for example, 40% to 50%, allowing investors holding tokens to receive a portion of the revenue from Maharashtra Transco. The new funds generated from token sales could be used to build more transmission lines and solar energy storage centers. He pointed out that the state currently has a significant surplus of solar power but lacks the grid capacity to deliver it to where it is needed; distribution companies must pay high prices of 16 to 18 rupees per unit during peak hours, while the price during surplus periods on the power exchange is only 2 paise per unit.He also illustrated the practice of real estate tokenization with the example of the Mumbai Express Towers commercial building tokenized under a REIT structure, emphasizing that tokenization does not equate to privatization but rather allows more citizens to participate in the development activities of public asset creation. Additionally, the state is drafting the Maharashtra Digital and Land Token Asset Trading Act (DELTA Act), which, if passed, will make it the first state in India to legislate for blockchain-based property tokenization.
app_icon
ChainCatcher Building the Web3 world with innovations.