Jul 10, 2026Twila Rosenbaum
Bitcoin recoups early losses and climbs back above $63,000, recovering from a dip triggered by Strategy's sale of 3,588 BTC. Market watchers weigh in on the company's evolving strategy while President Trump teases potential bitcoin inclusion in Trump accounts. The broader crypto market sees mixed signals with altcoins like LIT surging.
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Jul 10, 2026Twila Rosenbaum
Bitcoin climbed above $62,000 as the semiconductor trade that had dominated markets began to lose steam. Altcoins such as Cardano (ADA) and Solana (SOL) posted significant gains, signaling capital rotation. Meanwhile, the stablecoin market faces uncertainty after the announcement of Open USD, with Circle's perpetuals rising amid skepticism from listed partners. Global markets were subdued as U.S. markets closed for Independence Day.
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Jul 10, 2026Twila Rosenbaum
Bitcoin climbed above $61,000 on Thursday, supported by a weaker dollar and easing rate hike fears after Fed official Kevin Warsh signaled inflation risks have eased. Meanwhile, momentum stocks like AI chipmakers and bitcoin miners in the AI compute space suffered steep losses, with the Goldman Sachs high-beta momentum basket plunging over 23% in two days. Uniswap (UNI) surged 15% following its integration with Robinhood's blockchain, highlighting growing DeFi adoption. U.S. jobs data also disappointed, adding just 57,000 jobs in June, reinforcing dovish expectations.
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May 30, 2026Twila Rosenbaum
Kraken has launched Bitcoin Vault, a new product within its Kraken Earn platform that allows long-term bitcoin holders to earn passive yield in bitcoin. The product is powered by Veda and operated by Sentora, deploying funds across DeFi protocols like Aave and Morpho to generate rewards. This move expands Kraken's push into yield-bearing products, with its broader DeFi Earn offering now holding over $240 million in assets since its launch in January.
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May 16, 2026Twila Rosenbaum
LayerZero has reversed its position on the $292 million Kelp DAO exploit, admitting that it 'made a mistake' by allowing its own verifier network to secure high-value assets in a vulnerable configuration. The company now says the attack targeted internal RPC infrastructure used by its decentralized verifier network, while insisting developers remain responsible for security settings. The fallout has triggered a massive exodus of clients, with Kelp shifting its rsETH bridge to Chainlink and Solv Protocol moving over $700 million in tokenized bitcoin infrastructure away from LayerZero.
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