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Bitcoin’s recent rally is largely fueled by Strategy purchases: Bitwise’s Hougan

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While Bitcoin exchange-traded funds and whale buying have contributed to the recent Bitcoin rally, the key driver has been consistent buying by Michael Saylor’s treasury firm, Strategy, according to Bitwise’s chief investment officer.

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Coin Market

Better launches Bitcoin-backed mortgages powered by Coinbase

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Better and Coinbase have launched a crypto-backed mortgage product that lets US homebuyers pledge Bitcoin as collateral for a down payment without having to sell it.

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Coin Market

Chainalysis estimates $457B in taxable crypto activity, says CARF misses most

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The blockchain analytics firm said just 14% of the onchain activity it identified is covered by the OECD’s international crypto tax-reporting framework.

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Coin Market

Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data

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Bitcoin stayed away from challenging $80,000 after July US PCE inflation data came in slightly higher than anticipated, pressuring gold and risk assets.

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