The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust.
Bitcoin Adoption news
Cardano taps BitcoinOS to integrate Bitcoin liquidity into its DeFi ecosystem using zero-knowledge cryptography for secure cross-chain functionality.
Despite rising interest from both institutional and retail investors, the Bitcoin price has been unable to rise above the $70,000 psychological mark since July 29.
“It’s like your dial-up internet became broadband because the Bitcoin price went up,” according to the CEO of Amboss Technologies.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.
The prediction raises a hopeful sign for the struggling DeFi sector, which has been underperforming other crypto niches like memecoins and smart contract platform-related tokens.
MicroStrategy is up over 1,500% since 2020, while the S&P 500 index rose just over 111% during the same four-year period.
As Trump extends his lead over Harris in the prediction markets, BlackRock CEO Larry Fink said it doesn’t matter to Bitcoin who occupies the White House.
More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide.